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In more good news for Amazon, Snowflake signs $6B deal with AWS for AI CPU chips
Cloud data storage giant Snowflake has signed a new $6 billion five-year agreement with Amazon Web Services, the companies announced on Wednesday. Snowflake has always run on AWS, though obviously, these days, it is also available on Microsoft Azure and Google Cloud....
MiniMax teases upcoming M3 model with new sparse attention mechanism and 15.6X long-context response speed boost
Among the many Chinese AI companies and laboratories vying for market share and attention (no pun intended) on the global marketplace, MiniMax stands out for its commitment to providing frontier-level intelligence across a range of modalities, including text, coding,...
Payroll startup Remote says it grew revenue 50% per employee without adding headcount
Remote , a seven-year-old, Amsterdam-based payroll service provider, says it recently surpassed $300 million in annual recurring revenue and became cash-flow positive. But the real story, it insists, is what happened behind the scenes: a 50% increase in revenue per...
UK Visa Portal exposed thousands of applicants’ passports and selfies — then called the lawyers on us
A website called UK Visa Portal publicly exposed thousands of passports and selfie photos of applicants who paid the site to obtain a U.K. immigration visa, TechCrunch has learned. An anonymous person notified TechCrunch about the security lapse, saying that the...
Merck and Mastercard are seeing real agentic AI results. Both say the plumbing came first.
Merck is using AI agents to cut drug discovery cycles by a third and ship compliant marketing materials up to 80% faster — but VP of Digital Platforms Sean Finnerty says the only reason it's working is because they built the infrastructure first.And the pharmaceutical...
Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
Meta is doubling down on its subscription offerings. On Wednesday, the social networking giant announced it’s now rolling out its consumer subscription plans globally for its flagship apps, Instagram, Facebook, and WhatsApp, and beginning tests of new subscriptions...
CrowdStrike and Google take down botnet used by hackers to target software developers in supply chain attacks
CrowdStrike, working with Google and Shadowserver, a nonprofit organization that scans and monitors the internet for cyberattacks, took down a botnet that cybercriminals used to push malware and steal passwords from open-source software developers. The takedown...
AI coding startup Cognition raises $1B at $25B pre-money valuation
Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday. That’s a major leap from its $10.2 billion post-money valuation when it closed a $400...
DataGrail report finds your vendor may be sending data to AI models you never approved
The data processing agreement (DPA) — the bedrock contract companies use to evaluate how vendors handle personal data — can no longer be trusted at face value. That is the central, and arguably most alarming, conclusion of DataGrail's Privacy and AI Trends Report...
After sale of its shoe business, Allbirds pivots to AI
After selling its shoe brand and assets last month for $39 million, Allbirds is pivoting to AI. Of course, the company is also changing its name, since the footwear brand “Allbirds” was part of the sale. Introducing: NewBird AI, a “fully integrated GPU-as-a-Service...
Sweden blames Russian hackers for attempting ‘destructive’ cyberattack on thermal plant
The Swedish government said Russian government-linked hackers attempted to disrupt the operations at one of the country’s thermal power plants last year. Sweden said that, while the hackers were unsuccessful, hybrid attacks that extend beyond cyberspace are becoming...
Snap is cutting 1,000 jobs, 16% of its workforce
Snap is laying off roughly 16% of its global workforce, impacting around 1,000 full-time employees, according to a memo sent to staff from Snap CEO Evan Spiegel on Wednesday. The company cites advancements in AI for the cuts. “While these changes are necessary to...
Reid Hoffman weighs in on the ‘tokenmaxxing’ debate
Days after Meta shut down its internal “tokenmaxxing” dashboard following news of the AI leaderboard leaking to the press, LinkedIn co-founder and venture capitalist Reid Hoffman came out in support of the concept that’s recently taken Silicon Valley by storm. An AI...
Adobe’s new Firefly AI assistant can use Creative Cloud apps to complete tasks
Last October, Adobe previewed a new assistant under the “Project Moonlight” moniker that could do tasks for you by tapping different Adobe apps like Acrobat, Photoshop and Express. That product is now being launched as Firefly AI Assistant. The Firefly AI Assistant...
This energy startup’s bet on 100-year-old grid tech is paying off
Demand for electrical transformers, fueled in part by AI data centers, has grown so high that one prominent investor is backing a new startup that uses a very old technology. Ayr Energy makes transformers with iron-cores, the same basic tech used in the grid for over...
Adobe’s new Firefly AI Assistant wants to run Photoshop, Premiere, Illustrator and more from one prompt
Adobe today launched its most ambitious AI offensive to date, unveiling the Firefly AI Assistant — a new agentic creative tool that can orchestrate complex, multi-step workflows across the company's entire Creative Cloud suite from a single conversational interface —...
This startup is betting tokenmaxxing will create the next compute giant
“Give me tokens. Just give me tokens. I want them fast. I want them cheap. I want them now.” That’s the mantra for developers building software on generative AI models, or at least what Parasail CEO Mike Henry hears. Parasail provides a cloud computing service to...
Gitar, a startup that uses agents to secure code, emerges from stealth with $9 million
With the advent of “vibe coding,” AI agents have unleashed a deluge of code onto companies that many are now struggling to manage. This sudden inundation has been called “code overload.” Reports have shown that AI-generated code can introduce significant...
Traza raises $2.1 million led by Base10 to automate procurement workflows with AI
For decades, procurement has been the back office that enterprise software forgot. Billions of dollars flow through vendor negotiations, purchase orders, and supplier communications every year at the largest manufacturers and construction companies in the country —...
Anthropic’s rise is giving some OpenAI investors second thoughts
OpenAI’s $852 billion valuation is facing skepticism from some of its own investors as the company scrambles to reorient itself around enterprise customers and fend off Anthropic, according to the Financial Times. Anthropic’s annualized revenue jumped from $9 billion...
AI datacenter startup Fluidstack in talks for $1B round at $18B valuation months after hitting $7.5B, says report
Fluidstack, a startup that builds specialized data centers for AI companies, is in talks to raise a $1 billion round at an $18 billion dollar valuation, potentially led by Jane Street, Bloomberg reports. Should this deal come to fruition, it would more than double...
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Android O and its 5 exciting features
Google’s latest Android update is being called “O” and has few exciting features that will make your investment worthwhile. The ones that are eager to know the new features of this device might find it somewhat similar to the concept of OEM smart phones (Android...
The Future of Robotics Is Pliable
Making recent headlines is the revolutionary creation of an Octobot. This small mechanical bot, created using Soft Robotics in the form of an octopus, may have opened the door to how scientists can use liquid silicone rubber to develop more humanoid robots that can...
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