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Google Increases Workspace Prices but Offers AI Features for Free

Google Increases Workspace Prices but Offers AI Features for Free

Google has announced a $2 per month increase for its Workspace plans, now set at $14 per user, which includes free access to AI features in Gmail, Docs, Sheets, and Meet. Previously, customers had to pay an additional $20 for these features. This change aims to simplify access to tools like email summaries and automated note-taking. New pricing takes effect immediately for new customers, while existing users will see the changes from March 17, 2025. Small business customers are currently exempt from these adjustments. This move is seen as a response to Microsoft's AI integration efforts.

Created at: January 15, 2025 4:00pm

FARO Secures $6M to Transform Surplus Clothing Market in Africa

FARO Secures $6M to Transform Surplus Clothing Market in Africa

FARO, a South African startup, has raised $6 million to tackle the issues of surplus clothing from global brands and environmental waste in Africa. The venture aims to source, refurbish, and sell excess inventory, providing affordable fashion while addressing the demand for secondhand goods. With plans to expand from four to 1,000 stores in the next decade, FARO focuses on restoring consumer returns often discarded by brands. The startup's strategy includes introducing AI to streamline operations and enhance customer experiences, targeting a market poised for significant growth.

Created at: January 15, 2025 3:30pm

Rockfish Secures $4M Seed Funding to Transform Enterprise Data with Synthetic Solutions

Rockfish Secures $4M Seed Funding to Transform Enterprise Data with Synthetic Solutions

Rockfish, a startup focused on leveraging synthetic data to solve the reproducibility crisis in academia and enterprise, has secured $4 million in seed funding led by Emergent Ventures. Founded by Vyas Sekar and Giulia Fanti from Carnegie Mellon, Rockfish aims to help enterprises overcome data silos by integrating with database providers like AWS and Azure. Their product is designed for continuous ingestion of operational data, making it relevant for daily enterprise use. The company has already partnered with clients such as Conviva and government agencies including the U.S. Army.

Created at: January 15, 2025 3:00pm

UnitedHealth’s Change Healthcare Concealed Major Data Breach for Months

UnitedHealth’s Change Healthcare Concealed Major Data Breach for Months

Change Healthcare, a subsidiary of UnitedHealth, recently reported that it had completed notifying individuals affected by a significant data breach involving over 100 million medical records. The February 2024 ransomware attack caused widespread disruptions in the U.S. healthcare system. Despite the breach's magnitude, Change Healthcare's notification efforts were criticized for their delay, only commencing four months after the attack. Furthermore, the company employed 'noindex' code on its breach notice web page, limiting its visibility on search engines. Legal actions have been initiated by several states in response to the breach’s handling.

Created at: January 15, 2025 2:01pm

Microsoft Launches Pay-As-You-Go Copilot Chat for Businesses

Microsoft Launches Pay-As-You-Go Copilot Chat for Businesses

Microsoft has introduced a new pay-as-you-go plan called Copilot Chat for corporate users, integrating AI-powered productivity features within Microsoft 365. Built on OpenAI's GPT-4o model, this service allows users to automate tasks, generate images, and collaborate on projects. Unlike Microsoft 365 Copilot, which comes with a fixed monthly cost, Copilot Chat offers flexibility with metered pricing. However, it lacks some features of the full Copilot suite, aiming to attract businesses with simpler AI needs while addressing previous challenges in user satisfaction.

Created at: January 15, 2025 2:00pm

Nelly Secures $51 Million to Revolutionize Healthcare Fintech in Europe

Nelly Secures $51 Million to Revolutionize Healthcare Fintech in Europe

Berlin-based fintech startup Nelly has successfully raised €50 million (approximately $51 million) in a Series B funding round led by Cathay Innovation and Notion Capital. The startup aims to digitize administrative workflows for medical practices, currently working with over 1,200 across Europe. Despite advances in digitalization, more than 50% of appointments are still booked via phone or walk-ins. Nelly's software facilitates online patient onboarding and billing, integrating seamlessly with existing practice management systems. The company plans to expand its services to additional European markets following its recent growth.

Created at: January 15, 2025 5:30am

ChatGPT Surpasses 300M Users Amid Major Updates and Controversies

ChatGPT Surpasses 300M Users Amid Major Updates and Controversies

OpenAI's ChatGPT, the AI-powered chatbot, has reached a remarkable milestone of 300 million weekly active users, reflecting its rapid growth since its launch in November 2022. The company rolled out significant updates throughout 2024, including partnerships with Apple and the introduction of its new text-to-video model, Sora. However, OpenAI faced challenges, including high-profile executive departures and lawsuits alleging copyright infringement. Despite these hurdles, innovations like real-time vision capabilities and customizable user interactions have kept user engagement high. The company continues to evolve amid ongoing scrutiny and competition.

Created at: January 14, 2025 10:30pm

Meta's AI Leaders Intensely Focused on Outpacing OpenAI's GPT-4

Meta's AI Leaders Intensely Focused on Outpacing OpenAI's GPT-4

Internal court filings reveal that Meta's executives and researchers were fixated on surpassing OpenAI's GPT-4 while developing their own Llama 3 model. Ahmad Al-Dahle, Meta’s VP of Generative AI, emphasized the need to outdo competitors like Anthropic and OpenAI in a series of messages. The filings suggest a dismissive attitude towards rivals, such as the French startup Mistral. Amidst the pressure to release advanced AI models, concerns have emerged regarding the legality of the data used for training. CEO Mark Zuckerberg has stated that Meta aims to close the performance gap with leading AI models by 2025.

Created at: January 14, 2025 10:00pm

Intel Spins Off Intel Capital into Standalone Fund

Intel Spins Off Intel Capital into Standalone Fund

Intel has announced the spin-off of its corporate venture arm, Intel Capital, into a standalone fund, with Intel remaining as an anchor investor. This strategic move, aimed at enhancing autonomy and attracting external capital, is expected to be finalized in the second half of 2025. The existing team will transition to the new fund, maintaining normal operations during this period. Intel's co-CEO David Zisner emphasized that this separation will allow both entities to benefit from a long-term partnership while maximizing asset value and operational efficiency.

Created at: January 14, 2025 10:00pm

OpenAI Welcomes BlackRock Executive to Board of Directors

OpenAI Welcomes BlackRock Executive to Board of Directors

OpenAI has announced the appointment of Adebayo Ogunlesi, a senior managing director at BlackRock, to its board of directors. Ogunlesi, who has extensive experience in global finance, previously held top positions at Credit Suisse and served as an attorney for a prestigious law firm. OpenAI's board chairman praised Ogunlesi's exceptional track record in navigating complex commercial landscapes. Ogunlesi expressed enthusiasm for contributing to OpenAI's mission, emphasizing the importance of strategic investment in AI infrastructure. This move marks a significant shift in OpenAI's board dynamics following the reinstatement of CEO Sam Altman.

Created at: January 14, 2025 8:00pm

CBRE Acquires Industrious for Over $800M, Signaling Co-Working Resilience

CBRE Acquires Industrious for Over $800M, Signaling Co-Working Resilience

CBRE has announced its acquisition of co-working startup Industrious for approximately $400 million, bringing the total valuation to over $800 million. Founded in 2013, Industrious has seen significant growth, with a 24x increase during Riverwood Capital's investment period. Unlike WeWork, which recently filed for bankruptcy, Industrious has focused on partnerships rather than capital-intensive leases. The deal will create a new business segment at CBRE, enhancing workplace experience and operations. Industrious CEO Jamie Hodari will lead this new unit, aiming to expand the company's reach and resources.

Created at: January 14, 2025 7:00pm

Former Bench Customers Unhappy Over Data Access Issues After Acquisition

Former Bench Customers Unhappy Over Data Access Issues After Acquisition

After accounting startup Bench shut down and was acquired by Employer.com, many former customers are frustrated by their inability to retrieve financial data. Bench states that customers must grant Employer.com access to their data, as the original entity is in bankruptcy. In related news, Float Financial raised $50 million for its Canadian-focused expense management platform, while Pryce Yebesi launched Open Ledger after selling Utopia Labs to Coinbase. Additionally, NomuPay secured $37 million for expanding cross-border payments, and Moody's is acquiring Cape Analytics.

Created at: January 14, 2025 6:30pm

Apple Joins Ultra Accelerator Link Consortium to Revolutionize AI Data Centers

Apple Joins Ultra Accelerator Link Consortium to Revolutionize AI Data Centers

Apple has become a member of the Ultra Accelerator Link Consortium, which is developing UALink, a standard aimed at enhancing connectivity among AI accelerator chips in data centers. Other notable members include Alibaba and Synopsys. Apple director Becky Loop expressed optimism about UALink's potential to address connectivity challenges and expand AI capabilities. The consortium aims to launch the first UALink products within two years, leveraging open standards like AMD’s Infinity Fabric. Apple is also reportedly working on a new server chip to boost AI data center efficiency.

Created at: January 14, 2025 6:00pm

Meta to Lay Off 5% of Workforce Amid Performance Review

Meta to Lay Off 5% of Workforce Amid Performance Review

Meta is set to reduce its workforce by approximately 5%, affecting around 3,600 employees, as part of a new performance management strategy, according to a report from Bloomberg. CEO Mark Zuckerberg announced the decision in an internal memo, emphasizing a faster approach to managing low performers. The layoffs come as the company continues to streamline its operations following previous significant cuts in 2022 and 2023. Affected employees will be notified by February 10, as Meta aims to fill roles with new hires post-termination.

Created at: January 14, 2025 6:00pm

Aurora Challenges Federal Safety Rules as Self-Driving Truck Launch Approaches

Aurora Challenges Federal Safety Rules as Self-Driving Truck Launch Approaches

Aurora Innovation is suing federal safety regulators to exempt its self-driving trucks from traditional safety requirements, specifically regarding the placement of warning triangles. The federal court denied Aurora's request, emphasizing that their proposed flashing beacons do not enhance safety compared to existing measures. This legal battle underscores the friction between autonomous vehicle innovation and outdated safety regulations. Industry stakeholders argue that current regulations do not account for the unique challenges of autonomous technology. Aurora aims to navigate these hurdles ahead of its planned commercial trucking operation in April.

Created at: January 14, 2025 5:00pm

Data Centers' Power Demand Set to Double by 2029

Data Centers' Power Demand Set to Double by 2029

A recent JLL report reveals that data centers will double their power demand by 2029, driven by the surge in AI and cloud services. This rapid expansion poses significant challenges for energy utilities, which typically plan for gradual demand growth. Experts warn that many AI servers may be underpowered by 2027 due to mismatched timelines in energy development. Major companies like Google and Microsoft are proactively investing in renewable and nuclear energy projects to meet their growing power needs. The report highlights the urgent need for new transmission lines and infrastructure to support this demand.

Created at: January 14, 2025 5:00pm

Boardy AI Secures $8M Seed Funding to Expand AI Networking Platform

Boardy AI Secures $8M Seed Funding to Expand AI Networking Platform

Boardy AI, an innovative AI networking startup, has successfully raised $8 million in seed funding, led by Creandum, just months after a $3 million pre-seed round. The platform connects users with relevant contacts through AI-driven conversations, facilitating over 9,000 calls and numerous partnerships for startups since its October launch. CEO Andrew D’Souza reported that investors approached him directly after experiencing the product. The funding round also included notable investors such as Andy Dunn and Leah Brusque, marking a significant step for the company’s growth.

Created at: January 14, 2025 3:00pm

AWS Invests $5B in Mexico, Launches New Server Region

AWS Invests $5B in Mexico, Launches New Server Region

Amazon Web Services (AWS) has announced a $5 billion investment in Mexico over 15 years, including the launch of AWS Mexico, a new server region. This initiative aims to enhance infrastructure for AI and machine learning, contributing an estimated $10 billion to Mexico's GDP and creating around 7,000 jobs. As data center demand surges, experts predict 73 new facilities will be built, significantly impacting the power grid. AWS assures that its data center will be air-cooled, addressing concerns about water usage in drought-stricken Querétaro.

Created at: January 14, 2025 2:30pm

UK CMA Launches Antitrust Investigation into Google's Search Dominance

UK CMA Launches Antitrust Investigation into Google's Search Dominance

The UK's Competition and Markets Authority (CMA) has initiated an antitrust investigation into Google Search, which holds over 90% of the market share in the UK. This marks the CMA's first official investigation of 2025, focusing on Google's AI search advancements and its extensive search advertising business. Stakeholders can submit comments until February 3. The CMA aims to assess whether Google creates barriers to competition and innovation while potentially misusing consumer data. Proposed remedies may include increased market access for competitors and even business restructuring.

Created at: January 14, 2025 11:30am

Microsoft Launches CoreAI to Boost AI Development

Microsoft Launches CoreAI to Boost AI Development

Microsoft has established a new engineering organization called CoreAI, aimed at enhancing AI infrastructure and software development. Jay Parikh, formerly at Meta, will lead this division, reporting directly to CEO Satya Nadella. The CoreAI team merges existing developer and AI platform groups to prioritize AI initiatives. Nadella emphasized a 'model-forward' approach for the upcoming year, focusing on transforming application categories. This strategic move reflects Microsoft's commitment to integrating AI across its software offerings, paving the way for innovative developments in technology.

Created at: January 13, 2025 11:00pm

Robinhood Settles SEC Investigation with $45M Payment

Robinhood Settles SEC Investigation with $45M Payment

Robinhood has agreed to a $45 million settlement following an investigation by the Securities and Exchange Commission (SEC) regarding multiple alleged violations. The settlement involves two of Robinhood's brokerage units, which failed to implement adequate policies to safeguard customer information. The SEC highlighted a significant data breach in November 2021, where over five million email addresses were reportedly compromised. Furthermore, the units did not establish a comprehensive program to defend customers against identity theft. This settlement underscores the importance of robust data protection measures in the fintech sector.

Created at: January 13, 2025 11:00pm

Mid-Sized VC Firms at Risk of Failure, Says NY VC Ben Lerer

Mid-Sized VC Firms at Risk of Failure, Says NY VC Ben Lerer

Ben Lerer, managing partner at Lerer Hippeau, warns that mid-sized venture capital firms are facing an uphill battle for survival. He predicts a growing divide in the VC landscape, with funds like Thrive and a16z attracting most investments, while smaller, specialized firms thrive. Lerer's insights come amid reports of declining active venture firms in the U.S. as many struggle to secure funding post-2021's investment boom. Notably, Foundry Group recently announced its closure, illustrating the precariousness of mid-tier firms in today's market.

Created at: January 13, 2025 7:30pm

Blue Origin Delays Inaugural Launch of New Glenn Mega-Rocket

Blue Origin Delays Inaugural Launch of New Glenn Mega-Rocket

Blue Origin has postponed the inaugural launch of its New Glenn rocket due to an unspecified issue with a subsystem. The delay raises concerns over the launch timeline, especially as weather conditions in the Atlantic are expected to worsen. The company needs at least 48 hours to reset the rocket for a new launch attempt. New Glenn is critical for Blue Origin's entry into the heavy-lift market, currently dominated by SpaceX. The rocket aims to deliver payloads for NASA and other contracts while also supporting a larger space economy. The launch was initially targeted for January 12 but was pushed back to January 13.

Created at: January 13, 2025 4:00pm

Crypto Market Faces Crisis: JOLTS Report Triggers Massive Sell-Off

Crypto Market Faces Crisis: JOLTS Report Triggers Massive Sell-Off

The cryptocurrency market is reeling after the US JOLTS report revealed a surge in job openings, prompting investors to engage in 'fear selling.' Approximately $205 million worth of crypto was dumped in just one hour, as fears of increasing interest rates loom large. Compounding the crisis, the US DOJ received court approval to sell 69,370 Bitcoins seized from Silk Road, potentially destabilizing the market further. Currently, major cryptocurrencies like Bitcoin and Ethereum are experiencing significant price declines, casting doubt on their recovery prospects in early 2025.

Created at: January 13, 2025 2:00pm

Sonos CEO Patrick Spence Resigns After Software Update Crisis

Sonos CEO Patrick Spence Resigns After Software Update Crisis

Patrick Spence has stepped down as CEO of Sonos after eight years, following a disastrous software update that disrupted the reliability the brand is known for. Tom Conrad, co-founder of Pandora and Sonos board member, will serve as interim CEO. The 2024 update was plagued with bugs, leading to feature losses and delayed products, including disappointing sales of the new Ace headphones. Additionally, Sonos experienced a 16% revenue drop in Q4 2024 compared to the previous year, prompting layoffs of 100 employees. The company is now seeking a permanent CEO.

Created at: January 13, 2025 2:00pm

Qventus Secures $105M Series D Funding to Expand AI Solutions in Healthcare

Qventus Secures $105M Series D Funding to Expand AI Solutions in Healthcare

Qventus, an AI startup focused on automating healthcare operations, has raised $105 million in a Series D funding round, pushing its valuation above $400 million. The funding will enable the development of advanced AI tools for various healthcare scenarios, including surgeries and hospital discharges. CEO Mudit Garg emphasized their goal to alleviate administrative burdens for medical staff. The round was led by KKR, with participation from Bessemer Venture Partners and several healthcare institutions. Qventus aims to enhance its customer base, which has seen significant growth in recent years.

Created at: January 13, 2025 12:30pm

Nominet Faces Cybersecurity Incident Tied to Ivanti VPN Exploit

Nominet Faces Cybersecurity Incident Tied to Ivanti VPN Exploit

Nominet, the U.K. domain registry for .co.uk domains, has confirmed a cybersecurity incident linked to a vulnerability in Ivanti's VPN software. The breach was made possible through a zero-day exploit, leaving Nominet unable to apply necessary patches in time. In communication with customers, Nominet reported an ongoing investigation but stated there is currently no evidence of data leakage. Ivanti has acknowledged the widespread nature of the vulnerability, although it has not disclosed the number of impacted clients. Nominet has restricted VPN access while it continues its investigation.

Created at: January 13, 2025 12:30pm

UK Unveils Ambitious AI Investment Plan for National Renewal

UK Unveils Ambitious AI Investment Plan for National Renewal

The UK government has announced a transformative plan to invest in artificial intelligence, marking a shift from previous concerns over AI safety. Dubbed the 'Plan for Change', it aims to enhance public sector services and establish AI Growth Zones with a £14 billion investment from private tech firms, creating over 13,000 jobs. Key initiatives include boosting public compute capacity and creating a National Data Library. While the plan is rooted in 50 recommendations from AI experts, concerns remain about cohesive government policies to support its execution. Prime Minister Starmer emphasizes the need for swift action to ensure the UK leads in AI innovation.

Created at: January 13, 2025 11:00am

Top 5 Essential Founder Tips from TechCrunch's Found Podcast

Top 5 Essential Founder Tips from TechCrunch's Found Podcast

After hosting nearly 100 episodes of the Found podcast, Rebecca Szkutak shares vital advice for startup founders. Key insights include embracing areas of weakness, as highlighted by Rippling's CEO Parker Conrad, and recognizing that VCs may not always provide the best guidance. Founders should focus on market timing and ensure their company infrastructure supports product development. Additionally, the importance of immediate market entry and employee welfare is emphasized, with real-world examples from successful entrepreneurs. These lessons aim to equip founders with the tools for long-term success in their ventures.

Created at: January 12, 2025 5:30pm

Understanding Open Source Licenses: A Comprehensive Guide

Understanding Open Source Licenses: A Comprehensive Guide

Open source software, comprising up to 90% of the modern software stack, faces ongoing challenges between open and proprietary models. The two main types of licenses are 'permissive,' allowing for minimal restrictions, and 'copyleft,' which mandates that modifications remain open source. Popular licenses include MIT, which lacks explicit patent rights, and Apache 2.0, which offers patent protection. The GNU GPL and AGPL licenses ensure community contributions remain open. The rise of cloud computing has also spurred interest in the AGPL license, while other licensing models like dual licensing and 'faux-pen' source are emerging.

Created at: January 12, 2025 3:00pm

Apple's Board Rejects Proposal to End DEI Programs Amid Growing Controversy

Apple's Board Rejects Proposal to End DEI Programs Amid Growing Controversy

In a decisive move, Apple’s board has voiced strong opposition to a proposal from the National Center for Public Policy Research aimed at abolishing its Diversity, Equity, and Inclusion (DEI) programs. The conservative think tank argues that such programs expose companies to legal risks, referencing recent Supreme Court rulings. However, Apple asserts the proposal is unnecessary, citing its established compliance framework. The tech giant emphasizes its ongoing commitment to fostering an inclusive culture, rebuffing claims that the proposal is a legitimate concern for its operational integrity.

Created at: January 12, 2025 12:00am

Video Game Budgets Soar: A Look at the Real Reasons Behind Rising Costs

Video Game Budgets Soar: A Look at the Real Reasons Behind Rising Costs

The video game industry is grappling with skyrocketing development budgets, with some projects costing over $200 million. While The New York Times attributes this to the push for hyper-realistic graphics, Bloomberg's Jason Schreier argues it's more about the expanded scope of games and management missteps. He highlights that the industry's need for larger teams and extended timelines contributes significantly to the financial strain. Schreier emphasizes that introspection on mismanagement is crucial for companies to address their budget concerns effectively.

Created at: January 11, 2025 7:30pm

Matt Mullenweg Deactivates WordPress Accounts Amid Fork Controversy

Matt Mullenweg Deactivates WordPress Accounts Amid Fork Controversy

Automattic CEO Matt Mullenweg has deactivated the accounts of several WordPress.org contributors who were advocating for a new fork of the open-source project. This decision follows escalating tensions after Mullenweg criticized WP Engine for its lack of contributions to the community. Key figures like Joost de Valk and Karim Marucchi have expressed intentions to lead a new initiative, while Mullenweg sarcastically suggested they could create 'JKPress.' The deactivated users, including Sé Reed and Heather Burns, have raised concerns about governance issues within WordPress. Mullenweg's actions have sparked significant debate in the community.

Created at: January 11, 2025 5:30pm

Snappy Acquires Covver to Enhance Corporate Gifting Experience

Snappy Acquires Covver to Enhance Corporate Gifting Experience

Snappy, a New York-based corporate gifting platform, has acquired Covver, a swag-gifting startup, to strengthen its offerings in the corporate gifting market. The acquisition, involving a mix of cash and shares, aims to integrate Covver's AI-driven personalization solutions into Snappy's platform. Covver, which has raised $7 million and specializes in customizable merchandise, will enhance Snappy's capabilities, allowing for a more delightful gifting experience. Snappy serves over 47% of Fortune 100 companies, indicating its significant presence in the industry. The corporate gifting sector is valued at $260 billion in the U.S.

Created at: January 11, 2025 7:30am

Microsoft Files Lawsuit Against Group for Illicit AI Service Abuse

Microsoft Files Lawsuit Against Group for Illicit AI Service Abuse

Microsoft has initiated legal proceedings against an unnamed group accused of exploiting its Azure OpenAI Service by creating tools to bypass security measures. The lawsuit claims the defendants used stolen API keys to generate harmful content, violating several federal laws. Microsoft discovered the breach in July 2024 and is seeking damages and injunctive relief. The company has implemented new safety measures to counteract the unauthorized access. The complaint reveals a systematic pattern of API key theft, leading to a 'hacking-as-a-service' scheme facilitated by the defendants.

Created at: January 11, 2025 12:00am

Amazon Joins Tech Giants in Scaling Back DEI Programs

Amazon Joins Tech Giants in Scaling Back DEI Programs

Amazon is the latest tech company to reduce its diversity, equity, and inclusion (DEI) initiatives, following similar moves by Meta and Microsoft. An internal memo revealed that Amazon aims to phase out outdated programs in favor of those with demonstrable success. Candi Castleberry, a senior HR executive, emphasized the goal of fostering a genuinely inclusive culture. The decision aligns with a broader trend among tech firms, as they prepare for a potentially DEI-hostile political landscape. Notably, Amazon has also updated its corporate website to reflect this shift.

Created at: January 10, 2025 10:00pm

Bench Customers Forced to Consent for Data Access After Acquisition

Bench Customers Forced to Consent for Data Access After Acquisition

Following the abrupt shutdown of the accounting startup Bench, customers are voicing frustration as they are compelled to consent to new terms to access their financial data. The company was sold to Employer.com shortly after its closure, leaving many businesses without their accounting documents. Customers report being unable to export their data unless they agree to the updated terms, sparking concerns about the adequacy of Employer.com's privacy policies. Some users are exploring alternative providers due to dissatisfaction with the data transfer process and the handling of refunds for pre-paid services.

Created at: January 10, 2025 10:00pm

Hugging Face Settles Patent Dispute with FriendliAI

Hugging Face Settles Patent Dispute with FriendliAI

Hugging Face has reached a settlement with the Korean AI startup FriendliAI over a patent infringement lawsuit. The agreement was filed in the U.S. District Court for the Northern District of Delaware, where FriendliAI will dismiss its suit with prejudice. The lawsuit, initiated nearly two years ago, accused Hugging Face of infringing on a patent related to data batching in AI systems. Hugging Face, a prominent AI developer platform, has raised $235 million from major tech backers. The details of the settlement remain confidential.

Created at: January 10, 2025 7:30pm

Overhaul Secures $55M to Combat Supply Chain Theft for Major Firms

Overhaul Secures $55M to Combat Supply Chain Theft for Major Firms

Overhaul has raised $55 million in a funding round led by Springcoast Partners. The Austin-based startup, founded by Barry Conlon and David Broe, provides supply chain security solutions to major clients like Microsoft and Dyson. This funding brings Overhaul's total raised to approximately $150 million. The platform utilizes AI to enhance visibility and combat cargo theft, which has surged by 14% in recent years. With plans for product development and team expansion, Overhaul aims to strengthen its position in a competitive market valued at $12.5 billion by 2032.

Created at: January 10, 2025 6:30pm

EU Greenlights $35B Synopsys-Ansys Merger with Conditions

EU Greenlights $35B Synopsys-Ansys Merger with Conditions

The European Commission has approved Synopsys' acquisition of Ansys, valued at $35 billion, contingent on the divestment of overlapping software products. This merger, crucial for creating a dominant player in chip design and simulation, has faced regulatory scrutiny similar to the Broadcom-VMware deal. As part of the agreement, Synopsys will offload its Optical Solutions Group and several optics software products, while Ansys will divest its PowerArtist software. The U.K. Competition and Markets Authority is also reviewing the deal, signaling further regulatory oversight.

Created at: January 10, 2025 6:30pm