Coatue is raising $1B for AI bets

Coatue Management, a hedge fund that invested heavily in tech startups during the pandemic-infused boom, is raising $1 billion to back AI-focused companies, Bloomberg reported on Monday. The funding, which will top up the firm’s flagship fund, will be raised primarily from institutional investors. However, h…Read More

Coatue is raising $1B for AI bets

Coatue Management, a hedge fund that invested heavily in tech startups during the pandemic-infused boom, is raising $1 billion to back AI-focused companies, Bloomberg reported on Monday. The funding, which will top up the firm’s flagship fund, will be raised primarily from institutional investors. However, h…Read More

Bowery Farming is ceasing operations

Agtech unicorn Bowery Farming is shutting down, according to PitchBook, which cited internal documents and multiple company employees. The New York-based agtech company was known for building vertical farms that could produce crops including: lettuces, herbs and berries. The company has raised more than $700…Read More

Bluesky gears up for Election Day as X goes pro-Trump

As Election Day in the U.S. nears, social networking startup Bluesky, now flush with new capital, hopes to demonstrate that its platform can serve as a more trusted, fact-checked alternative to Elon Musk’s X. While the latter is dominated by Musk’s support for the Trump campaign, Bluesky tends…Read More

Built in four days, this $120 robot arm cleans a spill with help from GPT-4o

Large language models have already proven transformative for robotics. While researchers and companies alike utilize the platforms to supercharge robotic learning, a pair of roboticists at UC Berkeley and ETH Zurich challenged themselves by leveraging generative AI to…Read More

ChatGPT Search is not OpenAI’s ‘Google killer’ yet

OpenAI’s search offers a glimpse of what an AI-search interface could one day look like. But it’s too impractical as a daily driver right now.
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Vanguard cuts Indian ride-share startup Ola’s valuation to $2B

Vanguard has revised its valuation of Indian ride-hailing startup Ola to about $2 billion as of the end of August.
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Read more: https://techcrunch.com/2024/11/04/vanguard-cuts-ola-valuation-to-2-billion/

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Threads now has 275M monthly active users

Meta’s social network, Threads, now has 275 million monthly active users, the company said on Sunday.
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Read more: https://techcrunch.com/2024/11/03/threads-now-has-275m-monthly-active-users/

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Affirm launches in the UK, as ‘buy now, pay later’ market faces regulatory overhaul

Buy now, pay later (BNPL) giant Affirm is launching in the U.K., its first market outside North America. Its long-anticipated arrival comes as U.K. lawmakers mull new rules to bring BNPL firms into line with other traditional consumer credit services, though suc…Read More

Affirm launches in the UK, as ‘buy now, pay later’ market faces regulatory overhaul

Buy now, pay later (BNPL) giant Affirm is launching in the U.K., its first market outside North America. Its long-anticipated arrival comes as U.K. lawmakers mull new rules to bring BNPL firms into line with other traditional consumer credit services, though suc…Read More

From Lime to Uber to Hertz: Free and discounted Election Day rides

Election Day is nearly here, and if you haven’t already mailed in your ballot or gone in for early voting, you might need a ride come November 5.  Here’s a roundup of all the freebies, discounts, and information on getting to the polls that transportation companies are off…Read More

Founders should seek sector alignment when looking for a family office investor

Family offices invest a substantial amount of capital in startups each year. In the first half of 2023, 27% of overall startup deal value came from deals that included a family office investor, according to a recent report from PwC. Despite their prevalence in startup…Read More

Founders should seek sector alignment when looking for a family office investor

Family offices invest a substantial amount of capital in startups each year. In the first half of 2023, 27% of overall startup deal value came from deals that included a family office investor, according to a recent report from PwC. Despite their prevalence in startup…Read More

Women in AI: Sophia Velastegui believes AI is moving too fast

As a part of TechCrunch’s ongoing Women in AI series, which seeks to give AI-focused women academics and others their well-deserved (and overdue) time in the spotlight, TechCrunch interviewed Sophia Velastegui. Velastegui is a member of the National Science Foundation’s (NSF) n…Read More

Why Wiz really turned down Google’s $23B offer

Welcome back to Week in Review. This week, we’re coming at you right off the heels of TechCrunch Disrupt! If you missed it, we’re highlighting conversations from Perplexity CEO Aravind Srinivas, WordPress co-founder Matt Mullenweg, and Disney star turned space CEO Bridgit Mendler. Of course, we’…Read More