Even the ‘godmother of AI’ has no idea what AGI is

Are you confused about artificial general intelligence, or AGI? It’s that thing OpenAI is obsessed with ultimately creating in a way that “benefits all of humanity.” You may want to take them seriously since they just raised $6.6 billion to get closer to that goal. But if you’re still won…Read More

A co-lead on Sora, OpenAI’s video generator, has left for Google

One of the co-leads on OpenAI’s video generator, Sora, has left for Google. Tim Brooks, who was heading development on Sora with William Peebles, announced in a post on X that he’ll be joining Google DeepMind, Google’s AI research division, to work on video generation technologies a…Read More

Announcing the final agenda for the Fintech Stage at TechCrunch Disrupt 2024

We’re incredibly excited to announce the final agenda for our dedicated Fintech Stage at TechCrunch Disrupt 2024. It joins Space, SaaS, AI and Builders as the other industry-focused stages — all under one big roof. As the fintech industry evolves, new opportunities abo…Read More

Initialized Capital restructures, and lets multiple partners go

Initialized Capital is restructuring its team to “meet the moment” in the venture market, according to a blog post from the firm’s managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by Alexis Ohanian, Garry Tan, and Harjeet Taggar,…Read More

OpenAI also secured a massive credit line

In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $10 billion in liquidity, which gives us the fle…Read More

Tesla’s Cybertruck racks up fifth recall in under a year

Tesla’s 2024 Cybertrucks have been on the road for less than a year and they’ve already been recalled five times, as of Thursday.  This time, it’s because the rearview camera image may be delayed by two seconds after shifting into reverse, and the display may appear blank for up to eight se…Read More

Google pilots blocking some sideloaded apps in India

Google has announced that it is blocking the installation of certain apps automatically from getting sideloaded on Android devices in India.
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Google Maps will show AI-powered review summaries in India

Google is adding new AI-powered features on Maps in India including AI-powered summaries, the ability to search for experiences, and weather alerts. The Maps app will analyze reviews and show summaries of places, it said. The company made the announcement at its annual Google for India…Read More

WP Engine sues Automattic and WordPress co-founder Matt Mullenweg

Hosting provider WP Engine has filed a lawsuit against Automattic and WordPress co-founder Matt Mullenweg, accusing them of extortion and abuse of power. The lawsuit comes after nearly two weeks of tussling between Mullenweg, who is also CEO of Automattic, and WP Engine over t…Read More

Judge blocks California’s new AI law in case over Kamala Harris deepfake

A federal judge blocked one of California’s new AI laws on Wednesday, less than two weeks after it was signed by Governor Gavin Newsom. Shortly after signing AB 2839, Newsom suggested it could be used to force Elon Musk to take down an AI deepfake of Vice President Kam…Read More

Venture firm CRV returns $275 million citing overvaluation of mature startups

CRV, a more than 50-year-old venture firm, is returning to investors $275 million from its $500 million Select fund, which backs later-stage rounds of existing portfolio companies, the New York Times reported. The firm is one of the first Silicon Valley outfits to…Read More

Cancer AI Alliance joins medical and tech expertise together with $40M to collaborate on next-gen care

A group of major medical institutions specializing in cancer care have formed a partnership to better take advantage of AI’s potential to advance the space. With $40 million of cash and resources from big tech backers, the Cancer AI Alliance…Read More

Facebook says it paid content creators $2B this year

Are creators sleeping on Facebook? Though the social network has been more enticing for AI Shrimp Jesus than young people, Facebook is consolidating its monetization programs into a more streamlined Facebook Content Monetization hub, which will reward creators for their Reels, longer videos,…Read More