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Vote for Your Favorite Speaker at TechCrunch Sessions: AI!

Vote for Your Favorite Speaker at TechCrunch Sessions: AI!

TechCrunch Sessions: AI is set for June 5 at UC Berkeley, and attendees can vote for their favorite speaker from six finalists until March 21. The finalists include experts from Meta, Black Girls Code, and AWS, each presenting innovative sessions on topics like monetizing generative AI and secure deployment in regulated industries. This event promises to connect 1,200 AI leaders and enthusiasts, offering insights into cutting-edge technologies and networking opportunities. Tickets are available now with discounts for early registration.

Created at: March 19, 2025 2:30pm

Cape Launches Privacy-First Mobile Plan at $99/Month, Partners with Proton, Raises $30M

Cape Launches Privacy-First Mobile Plan at $99/Month, Partners with Proton, Raises $30M

Cape, a mobile carrier startup focused on privacy, has unveiled a $99/month beta plan, marking a significant step in mobile security. The Washington, D.C.-based company, founded by a former Palantir executive, has partnered with Proton for enhanced privacy services and secured $30 million in funding. This funding, part of a Series B round totaling $55 million, comes amid rising interest in privacy-centric tech amid geopolitical tensions. Cape's offerings include unlimited voice, texts, data, and protections against SIM swapping and SS7 vulnerabilities. General availability of the service is expected later this year.

Created at: March 19, 2025 2:30pm

Agentic AI Startup AMT Raises $3.5 Million to Revolutionize Influencer Marketing

Agentic AI Startup AMT Raises $3.5 Million to Revolutionize Influencer Marketing

Agentic Marketing Technologies (AMT) has raised $3.5 million in seed funding to create an AI-driven platform for influencer marketing. The startup, co-founded by Tom Hollands and Christian Johnston, aims to streamline ad campaigns by using an AI agent named Lyra to interact with influencers in natural language. This innovative approach reduces the time needed to secure partnerships from nine hours to just five minutes. AMT's technology promises to enhance the influencer marketing landscape, which is projected to be worth $266.92 billion this year. The company is relocating to San Francisco and has already attracted notable clients.

Created at: March 19, 2025 1:00pm

AI Startups Face Backlash for Using Peer Review Process for Promotion

AI Startups Face Backlash for Using Peer Review Process for Promotion

A controversy has arisen over AI-generated studies submitted to the ICLR academic conference. Three AI labs, Sakana, Intology, and Autoscience, claimed to have generated studies accepted for workshops. While Sakana informed ICLR leaders and obtained consent, Intology and Autoscience did not. Critics argue this undermines the peer review process, which is labor-intensive and voluntary. Some academics express concern about the ethical implications of using peer-reviewed venues to benchmark AI technologies. Sakana withdrew its paper due to citation errors, highlighting issues with AI-generated content in academia.

Created at: March 19, 2025 12:00pm

Shopify Moves to Nasdaq: A Strategic Shift for the E-Commerce Giant

Shopify Moves to Nasdaq: A Strategic Shift for the E-Commerce Giant

Shopify has announced its transition from the New York Stock Exchange (NYSE) to the Nasdaq, effective March 31. The Canadian e-commerce platform will remove its Class A shares from the NYSE at the close of trading on March 28, while maintaining its listing on the Toronto Stock Exchange. Although no detailed reasons were provided, a company spokesperson expressed excitement about joining the Nasdaq community. Following a strong Q4 performance, Shopify's market cap has surged to $121 billion, reflecting a 55% increase year-on-year.

Created at: March 19, 2025 12:00pm

Aletiq Raises €6M to Revolutionize Product Lifecycle Management in SaaS

Aletiq Raises €6M to Revolutionize Product Lifecycle Management in SaaS

Aletiq, a French startup, has successfully secured €6 million (approximately $6.5 million) in a funding round led by Point Nine. The company specializes in product lifecycle management (PLM) software tailored for mid-market industrial firms across sectors like aerospace and automotive. Aletiq aims to simplify PLM, offering an intuitive, quick-to-deploy SaaS solution that integrates seamlessly with existing enterprise tools. With 5,000 users in 10 countries, Aletiq stands out by enhancing collaboration among suppliers and customers while providing a single source of truth for product data.

Created at: March 19, 2025 11:00am

Prezent Secures $20M to Enhance AI-Powered Slide Deck Creation

Prezent Secures $20M to Enhance AI-Powered Slide Deck Creation

Prezent, a startup focused on generative AI for slide decks, has successfully raised $20 million in funding to refine its AI models and expand into new markets. Founded in 2021 by Rajat Mishra, the Los Altos-based company aims to democratize business communication. Its AI assistant, Astrid, allows users to upload assets and customize presentations using industry-specific terminology. With customers including 150 Fortune 2000 companies, the new investment will help Prezent target financial services and manufacturing sectors while expanding operations to Europe and Asia. The funding values the company at over $100 million.

Created at: March 19, 2025 11:00am

Factorial Secures $120M from General Catalyst to Enhance HR Sales Strategy

Factorial Secures $120M from General Catalyst to Enhance HR Sales Strategy

Barcelona-based HR startup Factorial has raised $120 million from General Catalyst to expand its sales and marketing efforts. This non-dilutive funding allows Factorial to invest in its 'go to market' strategy while avoiding equity dilution. The company has seen significant growth, with a sixfold increase in customers and revenues over the past year, now serving 13,000 paying businesses. Amidst fierce competition in the HR sector, Factorial aims to leverage this funding to strengthen its market position. The funds will be paid back through cash flow generated from acquired customers.

Created at: March 19, 2025 8:30am

Apple's Foldable iPhone May Feature New Chip for Enhanced Battery Life

Apple's Foldable iPhone May Feature New Chip for Enhanced Battery Life

Rumors indicate that Apple is developing a new chip aimed at improving battery efficiency for its anticipated foldable iPhone. This chip is reportedly designed to reduce the display driver size, potentially enhancing overall power consumption. As Apple competes with Samsung's Galaxy Z Fold 7, the company aims to achieve 'all day battery life' for its foldable device. Observers suggest this innovation could position Apple as a serious contender in the foldable smartphone market, which has been largely dominated by Android devices.

Created at: March 19, 2025 3:00am

Nvidia and Google DeepMind to Power Disney's Next-Gen Robots

Nvidia and Google DeepMind to Power Disney's Next-Gen Robots

Nvidia has announced a collaboration with Disney Research and Google DeepMind to create Newton, a new physics engine designed to enhance robotic movements. This engine will be utilized in Disney's upcoming entertainment robots, including the Star Wars-inspired BDX droids. An open-source version of Newton is expected to launch later in 2025, allowing developers to simulate complex interactions in real-world settings. Disney plans to showcase these advanced robots at its theme parks next year. The initiative aims to make robots more expressive and capable of handling intricate tasks with improved precision.

Created at: March 18, 2025 11:00pm

NASA Astronauts Return After Extended ISS Stay Due to Boeing Issues

NASA Astronauts Return After Extended ISS Stay Due to Boeing Issues

NASA astronauts Sunita Williams and Barry Wilmore have returned safely to Earth after a nine-month mission at the International Space Station, extended due to complications with Boeing's Starliner spacecraft. They splashed down in the Gulf of Mexico aboard a SpaceX Dragon capsule after a lengthy 17-hour journey home. Initially meant to be a short mission, their return was delayed by various technical issues with the Starliner. The incident underscores challenges Boeing faces in its competition with SpaceX for NASA contracts. Controversy arose when Elon Musk claimed he offered an earlier return, which NASA and White House officials denied.

Created at: March 18, 2025 10:30pm

New $5M Deep Tech Fund Launched to Empower Young Founders

New $5M Deep Tech Fund Launched to Empower Young Founders

Critical Venture Partners has launched a $5 million fund aimed at supporting young entrepreneurs emerging from universities. The fund, co-founded by recent University of Pennsylvania graduates, targets startups addressing significant global challenges, including climate change and healthcare. Investments will range from $50,000 to $250,000, with a quarter set aside for follow-on funding. The firm has already backed three startups innovating in CO2 conversion, waste metal recovery, and MRI data enhancement. Partnering with Yope, they will also host a startup competition with a $100,000 prize.

Created at: March 18, 2025 10:30pm

Tesla Secures California Permit for Passenger Transportation Service

Tesla Secures California Permit for Passenger Transportation Service

Tesla has been granted a transportation charter permit by the California Public Utilities Commission, allowing it to operate a transportation service in the state. This permit, applied for in November 2024, enables Tesla to transport employees in its own vehicles but does not include autonomous vehicle deployment. Unlike Uber and Lyft, Tesla's permit requires it to use employees as drivers rather than connecting independent drivers with passengers. The company plans to notify regulators when it transitions to public transport and is also eyeing a robotaxi service launch in Austin, Texas.

Created at: March 18, 2025 10:00pm

Google Acquires Wiz for $32B to Strengthen Multicloud Security

Google Acquires Wiz for $32B to Strengthen Multicloud Security

Google has announced the acquisition of security startup Wiz for a staggering $32 billion, positioning the company as a multicloud provider. Wiz, with an annual revenue rate of $700 million, is expected to grow to $1 billion, attracting a diverse customer base. This move aims to retain existing clients who prefer hybrid cloud solutions and mitigate antitrust concerns. Despite its lagging cloud market share, Google hopes to enhance its offerings by leveraging Wiz's multicloud capabilities. The acquisition signals Google's intent to compete more effectively in the cloud security sector.

Created at: March 18, 2025 7:30pm

GM and Nvidia Forge New Alliance to Revolutionize AI in Transportation

GM and Nvidia Forge New Alliance to Revolutionize AI in Transportation

General Motors has announced an expanded collaboration with Nvidia to integrate artificial intelligence across its operations, including manufacturing, robotics, and self-driving vehicles. Nvidia CEO Jensen Huang revealed this partnership during his keynote at the GTC conference, emphasizing the arrival of autonomous vehicles. Nvidia will supply AI infrastructure and assist GM in developing custom AI systems. The automaker plans to utilize Nvidia's Omniverse and Drive AGX for advanced manufacturing and in-vehicle applications. GM aims to enhance its automotive plant design and operations with this innovative technology.

Created at: March 18, 2025 7:30pm

Former Bolt CEO Launches E-Commerce Startup Spangle AI to Enhance Online Shopping Experience

Former Bolt CEO Launches E-Commerce Startup Spangle AI to Enhance Online Shopping Experience

Maju Kuruvilla, the ex-CEO of Bolt, has launched a new startup named Spangle AI, aimed at improving online shopping experiences. Spangle AI offers custom landing pages for retailers, enhancing conversion rates by addressing common post-click issues. The startup, which raised $6 million in seed funding, utilizes an AI model called ProductGPT to optimize customer interactions. With promising early results, Kuruvilla is now focusing on expanding sales. This venture joins a growing trend of AI-driven e-commerce solutions designed to enhance customer engagement and reduce bounce rates.

Created at: March 18, 2025 7:00pm

Stability AI Unveils Groundbreaking Stable Virtual Camera Model

Stability AI Unveils Groundbreaking Stable Virtual Camera Model

Stability AI has launched its latest AI model, the Stable Virtual Camera, which converts 2D images into immersive videos with realistic depth and perspective. This innovative tool allows users to create dynamic camera paths and generate videos from multiple images. The current research preview supports various aspect ratios and can produce up to 1,000 frames. However, the model may struggle with complex scenes, particularly those involving people or intricate textures. Stability AI aims to enhance digital filmmaking through this new technology, available for research under a non-commercial license.

Created at: March 18, 2025 5:00pm

Arcade Secures $12M to Enhance AI Agents with New Infrastructure

Arcade Secures $12M to Enhance AI Agents with New Infrastructure

Arcade, an AI agent infrastructure startup, has successfully raised $12 million from Laude Ventures, founded by Andy Konwinski. Co-founders Alex Salazar and Sam Partee aim to revolutionize the AI agent landscape. They identified significant limitations in current AI agents, particularly their inability to access private data. Instead of focusing on agents, Arcade will provide a tool-calling platform that enhances agent capabilities. The platform integrates with OAuth for secure authentication across various SaaS services, offering both usage-based pricing and subscriptions. This funding marks Laude's first publicly announced investment.

Created at: March 18, 2025 3:00pm

Graphite Secures $52M in Series B Funding to Enhance AI-Powered Code Review

Graphite Secures $52M in Series B Funding to Enhance AI-Powered Code Review

Graphite, an AI-driven code review platform, has raised $52 million in a Series B funding round led by Accel, with participation from notable investors including Anthropic. Founded in 2020, Graphite originally focused on mobile development tools before pivoting to code review, leveraging AI models from Anthropic and OpenAI to enhance its offerings. The startup reported a 20x revenue growth in 2024, serving over 500 companies, including Shopify and Snowflake. With this new funding, Graphite plans to further develop its platform and expand its team in NYC, while keeping its core services free for all team sizes.

Created at: March 18, 2025 3:00pm

Meta's Llama Models Surge to 1 Billion Downloads in Just Three Months

Meta's Llama Models Surge to 1 Billion Downloads in Just Three Months

Meta CEO Mark Zuckerberg announced that the Llama AI model family has surpassed 1 billion downloads, reflecting a remarkable 153% increase from 650 million in December 2024. This achievement highlights Meta's ongoing efforts to build a robust AI ecosystem across platforms like Facebook and Instagram. Despite facing copyright lawsuits and privacy concerns in the EU, Llama remains popular among developers, including companies like Spotify. Meta plans to unveil new Llama models soon, with innovative features that may enhance AI capabilities, as indicated by Zuckerberg's ambitious vision for the technology.

Created at: March 18, 2025 2:30pm

Coreshell Aims to Cut EV Battery Costs with Innovative Silicon Anodes

Coreshell Aims to Cut EV Battery Costs with Innovative Silicon Anodes

Coreshell is poised to revolutionize the electric vehicle battery market by substituting traditional graphite with a proprietary coated silicon material. The startup raised $24 million in a Series A2 funding round led by Ferroglobe, aiming to enhance performance and reduce costs. Coreshell's innovation allows for the use of cheaper metallurgical grade silicon while maintaining battery longevity. The company has already produced its first battery samples and plans to partner with major automakers in the coming year. This approach could challenge the dominance of Chinese graphite in the market.

Created at: March 18, 2025 2:00pm

Vote Now for Your Favorite Speaker at TechCrunch Sessions: AI!

Vote Now for Your Favorite Speaker at TechCrunch Sessions: AI!

TechCrunch is inviting the audience to vote for their preferred speaker among six finalists for the upcoming TechCrunch Sessions: AI on June 5 at UC Berkeley. Voting will remain open until March 21, allowing attendees to select one speaker who will share insights with 1,200 AI leaders and enthusiasts. This event promises cutting-edge discussions on AI innovations and networking opportunities. Attendees can also register for the event to secure their spot and save on ticket prices. Don’t miss the chance to influence the lineup!

Created at: March 18, 2025 2:00pm

Google Unveils ‘Open’ AI Models for Drug Discovery at New York Health Event

Google Unveils ‘Open’ AI Models for Drug Discovery at New York Health Event

At a recent health-focused event in New York, Google announced the development of TxGemma, a series of open AI models aimed at enhancing drug discovery. These models will be released via the Health AI Developer Foundations program later this month. Designed to interpret both text and therapeutic structures, TxGemma can assist researchers in predicting the safety and efficacy of potential therapies. Despite the promise of AI in revolutionizing drug development, challenges remain, as evidenced by recent failures in clinical trials. Nevertheless, investor interest in AI-driven drug discovery continues to grow, with significant funding allocated to the sector.

Created at: March 18, 2025 1:30pm

Exist: A New Social Wellness App for Middle-Aged Users

Exist: A New Social Wellness App for Middle-Aged Users

Exist, a new iOS app, aims to foster community among middle-aged users through social journaling and shared experiences. Co-founders Jason Jardim and Alicia Waldner, who bonded over their passion for mental health, designed the app to help users heal collectively rather than in isolation. With features like a mood tracker, guided meditations, and an AI-driven question prompt, Exist stands out from traditional wellness apps. Initially targeting Gen Z, the app has found its niche with users averaging 40 years old, offering a subscription for premium content while keeping community features free.

Created at: March 18, 2025 1:30pm

Anthropic Develops Voice Mode for AI Chatbot Claude

Anthropic Develops Voice Mode for AI Chatbot Claude

AI startup Anthropic is reportedly working on introducing voice capabilities for its AI chatbot, Claude. Chief Product Officer Mike Krieger revealed plans for a more natural user interface that allows users to speak to the AI. Prototypes are already in development, and discussions have been held with major investor Amazon and voice-focused AI startup ElevenLabs to enhance these features. Although no deals have been finalized, Krieger mentioned that talks with multiple partners are ongoing to expedite the launch of this voice experience.

Created at: March 18, 2025 1:30pm

TurinTech Secures $20M to Tackle 'Vibe Coding' with Revolutionary AI Platform

TurinTech Secures $20M to Tackle 'Vibe Coding' with Revolutionary AI Platform

UK startup TurinTech has announced a $20 million funding round to launch its Artemis platform, aimed at addressing inefficiencies in AI-generated code, referred to as 'vibe coding.' Cofounded by Dr. Leslie Kanthan, the platform enhances code performance, security, and scalability, distinguishing itself from other GenAI tools. With evidence of adoption by major companies, TurinTech anticipates significant growth as AI-generated code transforms software development. Gartner predicts that by 2028, 75% of software engineers will utilize AI code assistants, highlighting the industry's shift towards automated coding solutions.

Created at: March 18, 2025 1:00pm

Google Acquires Wiz for $32B to Enhance Cloud Security

Google Acquires Wiz for $32B to Enhance Cloud Security

In a historic move, Google, under its parent company Alphabet, is set to acquire cloud security startup Wiz for $32 billion. The acquisition aims to strengthen Google's position in the enterprise cloud market and enhance its security offerings. Although the deal is reportedly finalized, it still awaits regulatory approval. This acquisition follows a previous attempt last year at a $23 billion valuation, which failed due to antitrust concerns. Wiz has shown significant growth, achieving $500 million in annual recurring revenue and is on track to double that. Both companies have yet to confirm the deal officially.

Created at: March 18, 2025 12:00pm

Nerdio Secures $500M Funding to Enhance Azure Virtual Desktops

Nerdio Secures $500M Funding to Enhance Azure Virtual Desktops

Nerdio, a cloud management platform, has successfully raised $500 million in a Series C funding round, significantly increasing its valuation to over $1 billion. The Chicago-based startup, which originated from IT-as-a-service firm Adar, aims to simplify Microsoft cloud technology management for companies like PayPal and Sony. With this investment, Nerdio plans to expand its product offerings, focusing on Azure Virtual Desktop and Windows applications. Additionally, the company intends to grow its workforce from 300 employees to enhance customer support and engineering capabilities.

Created at: March 18, 2025 10:30am

Vendease Overhauls Salary Structure Amid Layoffs and Pursues New Funding

Vendease Overhauls Salary Structure Amid Layoffs and Pursues New Funding

Vendease, the Y Combinator-backed Nigerian food procurement startup, has restructured its employee pay system following a significant workforce reduction of 44%. The company is transitioning to a performance-based pay model supported by an Equity Share Option Plan (ESOP). This move comes as Vendease aims for profitability after facing currency depreciation and rising costs. The new compensation structure includes a phased restoration of salaries, with additional focus on AI-driven efficiency and a buy now, pay later (BNPL) product to enhance revenue. Vendease is also exploring new investment opportunities to sustain operations.

Created at: March 18, 2025 10:00am

GrubMarket Secures $50M Funding, Valued at Over $3.5B to Revolutionize Food Distribution with AI

GrubMarket Secures $50M Funding, Valued at Over $3.5B to Revolutionize Food Distribution with AI

GrubMarket has raised $50 million in its Series G funding round, achieving a valuation surpassing $3.5 billion. The investment will enhance its AI capabilities aimed at optimizing food distribution, a market valued at $1 trillion. Major investors include Liberty Street Funds and Pinegrove Capital Partners, reflecting strong confidence in GrubMarket's growth trajectory. The company reported projected revenues of $2.4 billion for the current year, driven by strategic acquisitions and a tech-first approach. CEO Mike Xu emphasizes AI's role in transforming data management within the industry.

Created at: March 18, 2025 9:30am

Google Pixel 9a Unboxing Video Surges in Popularity Ahead of March 19 Launch

Google Pixel 9a Unboxing Video Surges in Popularity Ahead of March 19 Launch

The Google Pixel 9a is making waves with a detailed unboxing video by YouTuber Sahil Karoul, showcasing its sleek design and flat back panel. Set to launch on March 19, the device features a power-efficient Tensor G4 chip and a robust 5,100mAh battery, promising extended usage. Although its iPhone-inspired frame appears premium, thick bezels around the screen may detract from its appeal. Overall, the Pixel 9a aims to deliver value without a price hike, making it an interesting option for budget-conscious consumers.

Created at: March 18, 2025 9:00am

Google and Speedinvest Fund AI-Driven Logistics Startup Leta to Lower Delivery Costs

Google and Speedinvest Fund AI-Driven Logistics Startup Leta to Lower Delivery Costs

Kenya's Leta, an AI-powered logistics SaaS firm, has secured $5 million in seed funding led by European VC Speedinvest, with support from Google's Africa Investment Fund. The platform aims to reduce exorbitant logistics costs for African businesses, which can be up to four times higher than the global average. By optimizing delivery routes and streamlining payment processes, Leta has rapidly expanded, now handling over 10,000 daily trips for major clients like KFC and Diageo. The startup plans to double its revenue and expand further within Africa and the Middle East.

Created at: March 18, 2025 8:30am

Waymo Secures Temporary Mapping Permit for SFO as it Eyes Robotaxi Operations

Waymo Secures Temporary Mapping Permit for SFO as it Eyes Robotaxi Operations

Waymo has obtained a temporary permit to map roadways at San Francisco International Airport, marking a significant step towards its robotaxi service expansion. The mapping phase, initiated on March 14, will involve employees manually driving vehicles, with plans for phased autonomous operations to follow. This development comes after a previous failed attempt in 2023. The agreement includes data-sharing requirements and restricts autonomous vehicles from transporting commercial goods. Waymo aims to cater to the millions who travel to SFO annually, with future steps dependent on further approvals.

Created at: March 18, 2025 4:00am

Apple's iOS 19 Set for Major Redesign with User-Friendly Focus

Apple's iOS 19 Set for Major Redesign with User-Friendly Focus

Apple is reportedly redesigning iOS 19 to enhance user experience, speed, and ease of learning. The update aims to integrate generative artificial intelligence technologies while maintaining familiarity for existing users. According to Bloomberg's Mark Gurman, the redesign will not only streamline navigation but also introduce significant changes across Apple's ecosystem. Although specifics on the redesign remain under wraps, it is clear that Apple is committed to evolving its software offerings following the recent launch of iOS 18. The release is expected later this year.

Created at: March 18, 2025 3:00am

Google Resumes Talks to Acquire Cybersecurity Startup Wiz at $30 Billion Valuation

Google Resumes Talks to Acquire Cybersecurity Startup Wiz at $30 Billion Valuation

Google's parent company, Alphabet, is in advanced discussions to acquire Wiz, a cloud cybersecurity startup, for around $30 billion. This follows a previous attempt last summer to finalize a deal at a $23 billion valuation that fell through. Wiz's annual recurring revenue is projected to reach $1 billion by 2025, making it an attractive target for Google Cloud. Regulatory challenges and integration disagreements previously stalled negotiations. As M&A activity increases, this deal reflects a changing landscape under new regulatory leadership.

Created at: March 17, 2025 11:30pm

OpenAI VP Liam Fedus Launches Materials Science AI Startup

OpenAI VP Liam Fedus Launches Materials Science AI Startup

Liam Fedus, OpenAI’s VP of research for post-training, has announced his departure to establish a materials science AI startup. He aims to leverage his physics background to apply AI in scientific exploration. Fedus noted OpenAI’s intent to invest and collaborate with his new venture, recognizing the strategic importance of AI in science. His startup will compete against major players like Google DeepMind and Microsoft, which have recently unveiled AI tools for material discovery. Despite skepticism about current AI capabilities in novel scientific breakthroughs, Fedus remains optimistic.

Created at: March 17, 2025 10:00pm

Rippling Files Lawsuit Against Deel Amid Espionage Allegations

Rippling Files Lawsuit Against Deel Amid Espionage Allegations

In a dramatic escalation of the rivalry between HR firms Rippling and Deel, Rippling has filed a 50-page lawsuit alleging racketeering and misappropriation of trade secrets. The lawsuit centers on claims that a Rippling employee acted as a spy for Deel, accessing sensitive company information through Slack. Deel has denied all allegations, asserting that Rippling is attempting to divert attention from its own legal troubles. As both companies compete in the crowded HR tech market, the lawsuit highlights the intense pressures and tactics employed in this sector.

Created at: March 17, 2025 9:30pm

Intel's New CEO Lip-Bu Tan to Implement Major Changes

Intel's New CEO Lip-Bu Tan to Implement Major Changes

Intel's newly appointed CEO, Lip-Bu Tan, is poised to initiate significant changes within the company as it seeks to recover from recent struggles. According to reports, Tan plans to streamline operations by cutting middle management and overhauling manufacturing processes. He emphasized the need for tough decisions to realign Intel's chip production and AI strategies. Tan returns to Intel after stepping down from its board last year due to disagreements with the former CEO. The company has yet to provide comments on these developments.

Created at: March 17, 2025 9:30pm

Flexport Sues Ex-Employees for Allegedly Stealing Source Code to Launch Rival Startup

Flexport Sues Ex-Employees for Allegedly Stealing Source Code to Launch Rival Startup

Flexport has filed a lawsuit against former employees Yingwei Zhao and Bryan Lacaillade, accusing them of stealing over 70,000 confidential documents and source code to establish a competing startup, Freightmate AI. The lawsuit claims Zhao used Incognito Mode to hide his actions while downloading sensitive data from Flexport's Github. Freightmate admitted to possessing some Flexport files but stated they were retained inadvertently. Flexport argues that Freightmate's recent success is linked to the stolen information and seeks unspecified damages and an injunction against the new startup.

Created at: March 17, 2025 8:00pm

Elon Musk's xAI Acquires Generative AI Video Startup Hotshot

Elon Musk's xAI Acquires Generative AI Video Startup Hotshot

Elon Musk's AI firm, xAI, has announced the acquisition of Hotshot, a startup known for its AI-driven video generation tools similar to OpenAI's Sora. Hotshot's CEO, Akash Sastry, shared the news on X, highlighting their development of three video foundation models over the past two years. Sastry expressed enthusiasm about scaling their innovations on xAI's extensive computational resources, Colossus. This acquisition marks a significant step in advancing AI applications in education, entertainment, and communication.

Created at: March 17, 2025 6:30pm