Automattic launches AI writing tool that aims to make WordPress blogs more readable and succinct

Automattic, the owner of WordPress.com, has launched a new AI tool designed to help bloggers write more clearly and succinctly. The tool joins a swathe of writing assistants launched over recent years by the likes of privacy app maker Proton as well as the mighty Google. Write Brief with AI, …...Read More

Is AI actually making workers more productive?

Is AI going to make us all more productive at work? Executives are feeling optimistic, but workers aren’t quite as convinced. That’s according to a new study from freelancing marketplace Upwork. The company says it surveyed 2,500 executives, full-time employees, and freelancers across the US, UK, Australia and Canada and …...Read More

EQT takes a majority stake in cybersecurity firm Acronis at a $3.5B+ valuation

Cybersecurity remains a white-hot space for investors, and in the latest deal, EQT is taking a majority stake in Acronis, a security company that specializes in data protection, cloud and integrated security solutions for managed service providers (who in turn resell services to consumers) and corporate IT teams. Financial terms …...Read More

UK data watchdog fines NHS vendor Advanced for security failures prior to LockBit ransomware attack

U.K. data protection authorities have issued a provisional fine of more than £6 million to NHS vendor Advanced after finding that the company failed to properly secure the information of thousands of people later stolen in a ransomware attack. In a statement, the U.K. Information Commissioner’s office said it issued …...Read More

Jumia plans to raise more than $100 million in secondary shares to drive stalled user growth

African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCrunch has learned. The at-the-market transaction is to take advantage of strong results despite a volatile market. Given Jumia’s share price of around $5.70 when the stock market opened on Tuesday, the e-commerce …...Read More

Airbnb details plans to expand beyond short-term rentals, including co-hosting and relaunching 'experiences'

Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services, and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by …...Read More

Reddit to test AI-powered search result pages

Reddit users will soon see AI-generated summaries at the top of search results. Reddit CFO Drew Vollero told investors during its earnings call on Tuesday that the company plans to test AI-powered search result pages to “summarize and recommend content.” He noted this will help users “dive deeper” into content …...Read More

Rivian lost $1.46 billion in Q2 as it drives towards a VW-linked future

Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost efficient versions — a sign of just how much the company could use the $5 billion that could come its way as part of a …...Read More

Google Assistant lives to automate another day

Google Assistant’s fate has been an open question for more than a year now. Once a jewel in Google’s crown, the software was a key to both the company’s mobile and smart home strategies. Half a decade ago, Google was giving away Home Mini speakers in a bid to grow …...Read More

Amazon upgrades its AI image generator

Amazon has released an upgraded version of its in-house image-generating model, Titan Image Generator, for AWS customers using its Bedrock generative AI platform. Simply called Titan Image Generator v2, the new model brings with it several new capabilities, AWS principal developer advocate Channy Yun explains in a blog post. Users …...Read More