“Founders – whether it’s Deepinder, Aadit, or Vidit or the team at Flipkart – have out-executed the management team of Amazon,” an analyst said. About two years ago, a VC firm was evaluating an investment in a quick-commerce startup in India. The company’s instant delivery model was showing signs of …...Read More
Amazon is fumbling in India
OpenAI finds that GPT-4o does some truly bizarre stuff sometimes
OpenAI’s GPT-4o, the generative AI model that powers the recently launched alpha of Advanced Voice Mode in ChatGPT, is the company’s first trained on voice as well as text and image data. And that leads it to behave in strange ways, sometimes — like mimicking the voice of the person …...Read More
Box adds crucial piece to its AI platform with Alphamoon acquisition
Box announced on Thursday that it had acquired Alphamoon, a small Polish startup that specializes in intelligent document processing, a technology that helps companies extract metadata from dense text documents — think contracts and loan applications — automatically. The companies didn’t share the purchase price, but Box CEO Aaron Levie …...Read More
OpenAI adds a Carnegie Mellon professor to its board of directors
OpenAI has announced a new appointment to its board of directors: Zico Kolter. Kolter, a professor and director of the machine learning department at Carnegie Mellon, predominantly focuses his research on AI safety. This makes him an “invaluable technical director for [OpenAI’s] governance,” OpenAI writes in a post on its …...Read More
Spotify and Epic Games call Apple's revised DMA compliance plan 'confusing,' 'illegal' and 'unacceptable'
Count Spotify and Epic Games among the Apple critics who are not happy with the iPhone maker’s newly revised compliance plan for the European Union’s Digital Markets Act (DMA). Shortly after Apple announced the updated version on Tuesday, including loosened restrictions along with the addition of two more fees, Spotify …...Read More
Thursday, the dating app that you can use only on Thursdays, expands to San Francisco
Thursday seeks to shake up conventional online dating in a crowded market. The app, which recently expanded to San Francisco, fosters intentional dating by restricting user access to Thursdays. At midnight, all matches disappear. The idea is that by restricting usage to one day a week, potential matches will be …...Read More
Cohere co-founder Nick Frosst thinks everyone needs to be more realistic on what AI can, and cannot do
AI companies are gobbling up investor money and securing skyhigh valuations early in their lifecycle. This dynamic has many calling the AI industry a bubble. Nick Frosst, a co-founder of Cohere, which builds custom AI models for enterprise customers, recently said on TechCrunch’s Found podcast that he doesn’t think the …...Read More
Instagram is embracing the 'photo dump'
Instagram is rolling out the ability for users to add up to 20 photos or videos to their feed carousels, as the platform embraces the trend of “photo dumps.” Back in 2017, Instagram added the ability to post up to 10 photos or videos in one swipeable carousel post. Now, …...Read More
Lyft ‘opens a can of whoop ass’ on surge pricing, Tesla’s Dojo explained and Saudi Arabia pumps $1.5B into Lucid
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Anyone paying even a little bit of attention to Tesla has probably heard about Dojo. Tesla CEO Elon Musk has referenced Dojo …...Read More
Flint Capital raises a $160M through an unusual fund-raising strategy
Boston-based Flint Capital just closed its third fund at $160 million, four times the amount of its initial 2013 fund. The capital will be split evenly between early and late stage investments, with the firm doubling down on IT, cybersecurity, fintech and digital health startups. Its success is in large …...Read More
