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Riot Games Unveils 'Project K': A New Trading Card Game Set in the League of Legends Universe

Riot Games Unveils 'Project K': A New Trading Card Game Set in the League of Legends Universe

Riot Games has announced 'Project K', a trading card game (TCG) based on the beloved 'League of Legends' franchise, aiming to launch in early 2025. Unlike digital versions, this game will feature physical cards, targeting TCG enthusiasts and collectors alike. Collaborating with an unnamed Chinese partner, Riot seeks to carve a niche in the competitive TCG market, which includes giants like 'Pokemon' and 'Magic: The Gathering.' While details remain sparse, 'Project K' is poised to expand the League's lore into a new gameplay experience.

Created at: January 1, 2025 12:30pm

2025 Smartphones: Giants and Innovations Set to Dominate the Market

2025 Smartphones: Giants and Innovations Set to Dominate the Market

The smartphone landscape is gearing up for a thrilling 2025, with major players like Apple, Samsung, Google, Motorola, and OnePlus poised to unveil groundbreaking innovations. Apple is expected to launch the iPhone 17 with enhanced camera capabilities and iOS 19, while Samsung's Galaxy S25 series promises advancements in AI-driven photography. Google is set to elevate mobile photography with its Pixel 10 series, while Motorola aims at affordability with its updated Moto G and Edge lines. OnePlus is also eyeing expansion with its flagship OnePlus 13 series, featuring rapid charging and top-tier specs.

Created at: January 1, 2025 10:30am

Accel Raises $650 Million for New India Fund Amid Growing Startup Landscape

Accel Raises $650 Million for New India Fund Amid Growing Startup Landscape

Accel has successfully raised $650 million for its eighth India fund, marking a significant expansion of its investment strategy in the region. This follows the firm's previous fund raised in 2022 and solidifies its position as a leading venture capital firm in India. Notable investments include e-commerce giant Flipkart and food delivery service Swiggy. The Indian startup ecosystem is evolving with an increasing number of IPOs, reflecting a thriving innovation landscape. Accel is focusing on rural India, challenging traditional investment approaches in the country.

Created at: January 1, 2025 9:00am

TechCrunch's Found Podcast Concludes with a Celebration of Startup Stories

TechCrunch's Found Podcast Concludes with a Celebration of Startup Stories

TechCrunch’s Found podcast aired its final episode, wrapping up a journey that began in April 2022. Host Rebecca Szkutak reflected on her experience speaking with over 75 diverse founders from various sectors, including AI, ecommerce, and climate. The podcast emphasized authentic storytelling over industry hype, showcasing unique startup journeys. Szkutak shared her favorite episodes, highlighting founders who tackled real challenges with practical insights. The show may be ending, but its impact on startup narratives will resonate with listeners and aspiring entrepreneurs for years to come.

Created at: December 31, 2024 9:00pm

Elon Musk Sets Ambitious Goals for Tesla in 2024: Robotaxis and Optimus Bots

Elon Musk Sets Ambitious Goals for Tesla in 2024: Robotaxis and Optimus Bots

In 2024, Elon Musk reaffirmed Tesla's commitment to innovation, unveiling plans for a $25,000 electric vehicle and a robotaxi prototype. He anticipates starting production of the Cybercab by 2025 or 2026, while claiming that all future Tesla vehicles will be autonomous. Musk also promised an 'unsupervised' Full Self-Driving feature by 2025 and introduced the concept of the Optimus humanoid robot, predicting thousands of units in operation by 2025. Despite previous missed deadlines, Musk remains optimistic about Tesla's growth and its market influence.

Created at: December 31, 2024 6:30pm

Collision in LA: Waymo Robotaxi Hits Serve Delivery Robot

Collision in LA: Waymo Robotaxi Hits Serve Delivery Robot

On December 27, a Waymo robotaxi collided with a Serve Robotics delivery robot in West Hollywood, raising concerns about the safety of autonomous vehicles. A video circulating online captured the incident, where the delivery robot appeared to violate a red light before being struck. Waymo's spokesperson clarified that their system identified the robot as an inanimate object, applying brakes before the contact occurred at 4 mph. Neither vehicle was damaged, and the collision has prompted discussions about liability in future incidents. Serve confirmed this was their first collision with a robotaxi and that the delivery robot was under remote supervision.

Created at: December 31, 2024 6:00pm

WWT Acquires Softchoice in $1.25 Billion All-Cash Deal

WWT Acquires Softchoice in $1.25 Billion All-Cash Deal

World Wide Technology (WWT) has announced its acquisition of Canadian IT provider Softchoice for C$1.8 billion (~$1.25 billion). The all-cash deal was approved by Softchoice’s board and is pending shareholder and court approval, with finalization expected in Q1 or Q2 2025. If not completed, Softchoice may face a C$49 million termination fee. WWT aims to enhance its offerings with Softchoice's software and AI capabilities. Softchoice, founded in 1989, has shown strong financial growth, reporting a 10% increase in gross profit in Q3 2024. This marks WWT’s third acquisition to date.

Created at: December 31, 2024 4:30pm

French Food Delivery Startup Epicery Shuts Down After 9 Years of Operation

French Food Delivery Startup Epicery Shuts Down After 9 Years of Operation

Epicery, a French food delivery startup, will cease operations following economic challenges and a negative EBITDA of -€4.69 million in 2023. The company, which focused on premium groceries with a 25% commission model, struggled as inflation impacted consumer spending. Despite early pandemic success, it could not sustain its growth against rising competition. Geopost, which held a majority stake, cited severe profitability issues as a reason for the shutdown. Epicery's CEO remains optimistic about future digital initiatives in the food sector, while employees will receive support for new job opportunities.

Created at: December 31, 2024 2:00pm

Startups Must Embrace Cybersecurity Resolutions for 2025

Startups Must Embrace Cybersecurity Resolutions for 2025

With 2024 witnessing numerous data breaches and ransomware attacks, cybersecurity remains a pressing concern for startups. Experts recommend essential resolutions such as utilizing password managers, implementing multi-factor authentication, and keeping software updated to mitigate risks. Regular data backups can protect against ransomware threats, while transparency during incidents can foster trust. As startups often lack resources compared to larger firms, adopting these practices is crucial to safeguarding sensitive information and maintaining operational integrity in the face of growing cyber threats.

Created at: December 31, 2024 1:30pm

India Extends Deadline to Regulate PhonePe-Google Pay Duopoly

India Extends Deadline to Regulate PhonePe-Google Pay Duopoly

India has delayed the implementation of a 30% market share cap on digital payment apps, originally set for 2025, now pushed to December 31, 2026. This decision alleviates pressure on PhonePe and Google Pay, which dominate the Unified Payments Interface (UPI), managing over 85% of transactions. The National Payments Corporation of India continues to seek a balance between regulation and consumer service, having struggled to enforce previous proposals. The extension offers PhonePe clarity as it considers an IPO amidst ongoing discussions around fair competition in the digital payment sector.

Created at: December 31, 2024 11:00am

India Lifts WhatsApp Payment Curbs, Boosting Meta's Fintech Ambitions

India Lifts WhatsApp Payment Curbs, Boosting Meta's Fintech Ambitions

India has officially lifted restrictions on WhatsApp's payment service, allowing the platform to offer WhatsApp Pay to its entire user base of over 500 million. This decision by the National Payments Corporation of India marks a significant shift in the regulator's approach, removing the previous cap of 100 million users. WhatsApp's expansion comes amid scrutiny of India's UPI platform, which processes over 13 billion transactions monthly and is dominated by Google Pay and PhonePe. This move strengthens Meta's position in the competitive fintech landscape of India.

Created at: December 31, 2024 10:30am

Samsung Acquires Majority Stake in Rainbow Robotics for $181M

Samsung Acquires Majority Stake in Rainbow Robotics for $181M

Samsung Electronics has become the largest shareholder of South Korea's Rainbow Robotics, increasing its stake from 14.7% to 35% for approximately $181 million. The acquisition aims to enhance Samsung's robotics division and expedite the development of humanoid robots. The deal will integrate Rainbow Robotics as a subsidiary and is expected to finalize by February 2025. Additionally, Samsung plans to establish a Future Robotics Office, led by former Rainbow shareholder Dr. Jun-ho Oh, to drive innovation. This move positions Samsung competitively in the evolving humanoid robotics market.

Created at: December 31, 2024 8:30am

Fidelity Cuts Gupshup's Valuation Again, Now at $486M

Fidelity Cuts Gupshup's Valuation Again, Now at $486M

Fidelity has reduced its stake in Gupshup, a business messaging platform, by 7.7%, bringing its total valuation down over 65% since 2021. The asset manager's holding is now valued at $5.62 million, down from $6.09 million last month. Gupshup's initial valuation was $1.4 billion following a $16.2 million investment by Fidelity. The current valuation reflects a significant decline, now pegged at $486 million. Gupshup, founded in India 17 years ago, had previously raised $340 million in 2021 from various investors.

Created at: December 31, 2024 8:30am

ByteDance Set to Invest $7 Billion in Nvidia Chips Despite US Restrictions

ByteDance Set to Invest $7 Billion in Nvidia Chips Despite US Restrictions

ByteDance, the parent company of TikTok, plans to invest $7 billion in Nvidia chips in 2025, circumventing U.S. restrictions on AI chip exports to China. According to sources, the company is utilizing a loophole by storing chips in data centers outside of China, effectively complying with regulations. This move could position ByteDance among the largest owners of Nvidia chips globally. The U.S. has tightened restrictions on AI chip exports multiple times since 2022. ByteDance also operates Doubao, a popular AI chatbot in China with 51 million active users.

Created at: December 30, 2024 10:30pm

Blue Origin Set to Launch New Glenn Rocket, Challenging SpaceX's Dominance

Blue Origin Set to Launch New Glenn Rocket, Challenging SpaceX's Dominance

Blue Origin is preparing for the inaugural launch of its New Glenn rocket, aiming to enter the competitive space launch market currently led by SpaceX. The launch, initially expected in December, has been tentatively rescheduled for January 6 due to air traffic advisories. With its launch license secured, Blue Origin recently completed a hot fire test, confirming readiness for the mission. When launched, New Glenn will employ seven BE-4 engines to generate 3.8 million pounds of thrust. This mission will also test technology for the Blue Ring spacecraft, as Blue Origin diversifies its offerings in the space sector.

Created at: December 30, 2024 9:30pm

Apple TV+ Offers Free Streaming Weekend: January 3-5

Apple TV+ Offers Free Streaming Weekend: January 3-5

Apple has announced a free streaming weekend for its Apple TV+ service, allowing users to access popular shows from January 3 to 5. This initiative marks the first time Apple has provided such a promotion. Notable titles include 'Severance,' which is set to return for its second season on January 17. Users can enjoy the service on any compatible device with just an Apple ID. By opening access to non-subscribers, Apple aims to attract new subscribers to its content library. The regular subscription price for Apple TV+ is $9.99 per month.

Created at: December 30, 2024 5:30pm

Bench Accounting Startup to Be Acquired by Employer.com Following Sudden Shutdown

Bench Accounting Startup to Be Acquired by Employer.com Following Sudden Shutdown

Bench, a VC-backed accounting startup, abruptly shut down last week, leaving customers locked out. In a last-minute deal, Employer.com will acquire Bench and revive its platform. Customers can choose to retrieve their data or continue under new ownership. Employer.com, a self-funded HR tech company, aims to maintain continuity by calling back former Bench employees. This acquisition comes as tax season approaches, ensuring that clients can still rely on trusted bookkeepers. The acquisition price remains undisclosed, with both companies declining to comment on specifics.

Created at: December 30, 2024 5:00pm

UK Antitrust Regulator Investigates IBM's $6.4B HashiCorp Acquisition

UK Antitrust Regulator Investigates IBM's $6.4B HashiCorp Acquisition

The U.K.'s Competition and Markets Authority (CMA) has initiated a review of IBM's planned $6.4 billion acquisition of HashiCorp, a cloud software vendor. Interested parties have until January 16 to comment on the merger, with a provisional decision expected by February 25. This investigation comes as IBM aims to enhance its cloud and AI services through the deal, gaining access to HashiCorp's 4,400 customers. Additionally, the U.S. Federal Trade Commission is also looking into the acquisition, raising questions about its potential impact on market competition.

Created at: December 30, 2024 4:00pm

Nvidia Acquires AI Startup Run:ai, Open Sourcing Software

Nvidia Acquires AI Startup Run:ai, Open Sourcing Software

Nvidia has finalized its acquisition of Israeli AI infrastructure startup Run:ai for approximately $700 million. As part of the deal, Run:ai will open source its software, allowing competitors like AMD and Intel to adapt it for their hardware. The merger aims to enhance Nvidia's market reach and product offerings in the AI ecosystem. Despite facing regulatory scrutiny from the European Commission and U.S. Department of Justice, the acquisition was approved this December. Run:ai expressed enthusiasm for expanding its team and capabilities following the merger.

Created at: December 30, 2024 4:00pm

Carecode Launches AI Agents to Transform Healthcare in Brazil

Carecode Launches AI Agents to Transform Healthcare in Brazil

Brazilian startup Carecode has emerged from stealth, backed by a16z and QED, aiming to revolutionize healthcare by employing AI agents for appointment management tasks. Founded by healthcare veteran Thomaz Srougi, Carecode seeks to reduce costs and enhance outcomes by automating pre- and post-appointment processes traditionally handled by call centers. With a $4.3 million pre-seed funding round, the startup targets the $100 billion spent annually by Brazilian healthcare firms on contact centers. Carecode is designed for local preferences, enabling communication via WhatsApp, appealing especially to older and low-income individuals.

Created at: December 30, 2024 3:30pm

Volocopter Files for Bankruptcy Amid Financial Struggles

Volocopter Files for Bankruptcy Amid Financial Struggles

Volocopter, the German electric air taxi company backed by Mercedes, has filed for bankruptcy protection as it seeks new investors. Despite this setback, CEO Dirk Hoke emphasized the company's technological advancements, claiming they remain ahead of competitors. This decision follows a turbulent period for the company and comes shortly after Lilium, another German eVTOL startup, faced similar challenges but secured funding quickly. Volocopter has raised hundreds of millions over the years, aiming to continue operations during its restructuring phase.

Created at: December 30, 2024 3:00pm

Calo Secures $25 Million to Expand Custom Meal Delivery Service

Calo Secures $25 Million to Expand Custom Meal Delivery Service

Middle Eastern startup Calo has raised $25 million in Series B funding to expand its ready-to-eat meal service. The funding, led by Nuwa Capital, aims to enhance meal customization for various dietary needs, such as weight loss and muscle gain. With the meal delivery market projected to reach $11.2 billion by 2030, Calo plans to extend its operations beyond the Middle East, including an acquisition of a UK food startup. Currently valued at $250 million, Calo served 10 million meals this year, emphasizing health-conscious options for busy professionals.

Created at: December 30, 2024 11:00am

India's Mobile Payments Future Hangs in Balance as Regulator Decides on Market Share Cap

India's Mobile Payments Future Hangs in Balance as Regulator Decides on Market Share Cap

India's payments regulator is poised to rule on limiting market share for major players in the mobile payments sector, specifically targeting Walmart's PhonePe and Google Pay. Currently, PhonePe holds 47.8% and Google Pay 37.1% of UPI transactions, raising concerns about fair competition. The proposed cap would restrict companies to handling no more than 30% of UPI transactions, potentially hindering PhonePe's IPO plans. The decision reflects India's struggle to balance innovation with market equity in its rapidly growing digital economy, which processes over 13 billion transactions monthly.

Created at: December 29, 2024 9:30pm

Africa's Fintech Unicorns Thrive by Embracing Hybrid Banking Models

Africa's Fintech Unicorns Thrive by Embracing Hybrid Banking Models

South Africa's TymeBank and Nigeria's Moniepoint have recently achieved unicorn status, raising significant funds and redefining fintech in Africa. Both companies focus on simplifying banking for unbanked populations, blending digital services with physical touchpoints. TymeBank partners with supermarkets while Moniepoint utilizes a network of agents to provide essential financial services. Their hybrid models cater to the unique needs of their markets, enabling access where traditional banking falls short. With plans for expansion, these fintechs aim to replicate their success in other emerging economies.

Created at: December 29, 2024 3:30pm

Permira's Brian Ruder on AI, Squarespace Acquisition, and Co-Leadership

Permira's Brian Ruder on AI, Squarespace Acquisition, and Co-Leadership

Permira's co-CEO Brian Ruder discussed the firm's significant acquisitions, including the $7.2 billion buyout of Squarespace and a $13 billion deal for Adevinta. He emphasized the importance of co-leadership in decision-making and highlighted the firm's growth-centric approach in technology investments. Permira has invested $28 billion in 80 tech companies, focusing on sectors like SaaS and fintech. Ruder also mentioned Zendesk's pivot to generative AI, showcasing the company's commitment to digital transformation across its portfolio. Permira aims to support companies that prioritize long-term growth.

Created at: December 29, 2024 2:00pm

Trump Seeks Supreme Court Intervention to Delay TikTok Ban

Trump Seeks Supreme Court Intervention to Delay TikTok Ban

President-elect Donald Trump's legal team has requested the Supreme Court to delay a law that mandates TikTok's parent company, ByteDance, to sell the app or face a ban in the U.S. set for January 19. The filing argues that the timeline interferes with Trump's ability to manage foreign policy as he prepares for his inauguration. While challenging the law's constitutionality, Trump's lawyers assert he has the expertise to negotiate a resolution that addresses national security concerns. Supporters of the law cite data privacy risks associated with TikTok, which Trump has more recently defended.

Created at: December 28, 2024 5:30pm

CES 2025: How to Stream Press Conferences Live

CES 2025: How to Stream Press Conferences Live

CES 2025 kicks off on January 7, showcasing the latest in consumer electronics and automotive innovations. Major keynotes from industry giants like Nvidia, Samsung, and AMD will be livestreamed, allowing global audiences to engage without attending in person. AMD is expected to unveil its next-gen GPU amidst fierce competition from Nvidia. Samsung's presentation will focus on their new flagship handset, while Nvidia's CEO Jensen Huang will take center stage. The livestreaming begins on January 6, coinciding with Press Day activities.

Created at: December 28, 2024 4:00pm

2024's Major Milestones in the Space Industry Reflecting on Historic Achievements

2024's Major Milestones in the Space Industry
Reflecting on Historic Achievements

The space industry marked a transformative year in 2024, highlighted by SpaceX's successful catch of its Super Heavy booster and Boeing's Starliner facing setbacks during its crewed test mission. The Polaris Dawn mission showcased the first private spacewalk, while multiple firms, including Intuitive Machines and various national entities, attempted lunar landings with mixed results. Notably, the Space Force awarded substantial contracts to commercial providers, indicating strong government backing for private space enterprises. This year underscored the rapid advancements and increasing competition within the space sector.

Created at: December 28, 2024 3:30pm

Nonprofit Joins Musk's Bid to Halt OpenAI's For-Profit Shift

Nonprofit Joins Musk's Bid to Halt OpenAI's For-Profit Shift

Encode, a nonprofit organization, has filed to support Elon Musk's injunction against OpenAI's transition to a for-profit model. The brief argues that this shift undermines OpenAI's original mission of safe and beneficial AI development. Musk claims the change jeopardizes public interest and favors investor profits over safety. OpenAI contends Musk's allegations are unfounded. Meta, another AI competitor, backs Encode's efforts, warning of significant repercussions for Silicon Valley. The case highlights the tension between innovation and ethical AI governance as public scrutiny of AI grows.

Created at: December 27, 2024 10:00pm

Bench Shuts Down, Leaving Thousands of Businesses in the Lurch

Bench Shuts Down, Leaving Thousands of Businesses in the Lurch

Bench, a Canadian accounting startup, has abruptly closed its operations, impacting over 35,000 U.S. customers. The company announced its shutdown on December 27, 2024, leaving many businesses without access to vital bookkeeping and tax documents. Customers are urged to file for a six-month IRS extension and download their data by December 30. With a history of significant funding and a large workforce, the sudden closure has shocked users, prompting concerns on social media. Former CEO Ian Crosby criticized the leadership changes leading to the downfall of the company.

Created at: December 27, 2024 10:00pm

2024: A Year of Turbulence in EVs and Robotaxi Innovations

2024: A Year of Turbulence in EVs and Robotaxi Innovations

The transportation sector faced significant upheaval in 2024, highlighted by legacy automakers like GM and Jaguar altering their strategies amid shifting consumer demands. GM halted funding for its Cruise robotaxi program, redirecting efforts towards advanced driver assistance systems. Startups in the autonomous vehicle space, such as TuSimple, pivoted to AI gaming, while others struggled to survive. The electric vehicle market saw record sales, yet concerns arose over sustainability and profitability as hybrid models gained traction. Meanwhile, eVTOL companies like Joby and Archer made strides towards commercial air taxi launches despite challenges in funding.

Created at: December 27, 2024 7:30pm

LG Unveils Innovative Planter Lamp Ahead of CES 2025

LG Unveils Innovative Planter Lamp Ahead of CES 2025

LG has announced its latest product, a planter lamp designed to integrate indoor gardening with modern furniture. The lamp features an LED grow light and a programmable 1.5-gallon water tank, controllable via the LG ThinQ app. This allows users to maintain plant hydration for up to a week. Additionally, LG introduced a new indoor gardening appliance, although details on this product remain limited. Both innovations aim to enhance home gardening experiences and reflect LG's commitment to versatile lifestyle solutions ahead of their CES press conference on January 6.

Created at: December 27, 2024 6:30pm

Samsung Galaxy Ring 2 Set to Make Waves at Unpacked 2025

Samsung Galaxy Ring 2 Set to Make Waves at Unpacked 2025

Samsung is poised to unveil the highly anticipated Galaxy Ring 2 during its Galaxy Unpacked event in January 2025, alongside the Galaxy S25. The new smart ring is rumored to feature enhanced sensor precision, smarter AI integration, expanded size options, and improved battery life. This launch aims to position Samsung as a formidable competitor in the wearables market, challenging established brands like Oura. Although the Galaxy Ring 2 may be revealed soon, a late 2025 release is expected. Excitement builds as Samsung continues to innovate in wearable technology.

Created at: December 27, 2024 4:00pm

OpenAI Announces Shift to For-Profit Model to Advance AI Mission

OpenAI Announces Shift to For-Profit Model to Advance AI Mission

OpenAI has revealed plans to transition its current for-profit structure into a Delaware Public Benefit Corporation to further its mission of ensuring artificial general intelligence (AGI) benefits humanity. This change aims to balance shareholder and stakeholder interests while allowing for conventional capital raising. OpenAI's existing nonprofit will maintain its role, receiving shares in the new entity. However, the proposal faces opposition from co-founder Elon Musk and Meta, raising concerns over its implications in Silicon Valley. OpenAI continues to navigate significant challenges in achieving its goals.

Created at: December 27, 2024 3:00pm

AI Sales Rep Startups Surge, But VCs Remain Cautious

AI Sales Rep Startups Surge, But VCs Remain Cautious

Despite a boom in AI sales development representatives (SDRs) leveraging large language models for personalized outreach, venture capitalists express caution. Startups like Regie.ai and Docket are thriving, yet the long-term effectiveness of their solutions remains uncertain. Investors highlight the rapid market success of multiple AI SDRs, but worry about potential competition from established players such as Salesforce and ZoomInfo. Many startups are experiencing impressive growth rates, but the sustainability of their business models is still in question. The landscape poses both opportunities and risks for investors in AI-driven sales.

Created at: December 27, 2024 12:00am

CredibleX Secures $55M in Seed Funding to Boost Revenue-Based Financing in MENA

CredibleX Secures $55M in Seed Funding to Boost Revenue-Based Financing in MENA

CredibleX, a revenue-based financing startup, has successfully raised $55 million in a seed round led by Further Ventures. This funding comes amidst a challenging venture capital landscape, particularly for SMEs in the MENA region, where traditional financing is limited. CredibleX partners with large aggregators to provide working capital to SMEs, streamlining loan approval via platforms like Talabat. Since its launch in March 2024, the company has already issued over AED 100 million to SMEs, benefiting from the increasing demand for non-dilutive financing options in high-income countries.

Created at: December 26, 2024 7:03pm

Google Leverages Anthropic’s Claude for Gemini AI Enhancements

Google Leverages Anthropic’s Claude for Gemini AI Enhancements

Google is reportedly using Anthropic’s AI model, Claude, to evaluate and improve its own Gemini AI's performance. Contractors tasked with assessing Gemini’s outputs are comparing them against Claude under strict evaluation criteria. Internal communications revealed concerns over potential safety violations in Gemini's responses, especially regarding sensitive topics. Google has not confirmed whether it obtained Anthropic's permission for this comparative testing. A spokesperson stated that while model outputs are compared, Gemini is not being trained on Claude’s data. The race for superior AI models intensifies in the tech industry.

Created at: December 26, 2024 7:03pm

OpenAI Explores Humanoid Robot Development Amidst Competitive AI Landscape

OpenAI Explores Humanoid Robot Development Amidst Competitive AI Landscape

OpenAI is reportedly considering the development of its own humanoid robot, as indicated by a recent report from The Information. This exploration comes after the company previously closed its robotics division in 2021. Despite its past withdrawal, OpenAI has remained active in the robotics field through investments in startups like Figure and 1X. As advancements in AI and hardware progress, a revived robotics division could face significant challenges in catching up to competitors. The evolving landscape highlights the importance of innovation and strategic acquisitions in the tech sector.

Created at: December 26, 2024 7:02pm

Onyx Motorbikes Resurrected After Owner's Death

Onyx Motorbikes Resurrected After Owner's Death

One year following the untimely death of Onyx Motorbikes owner James Khatiblou, the brand has been revived by its original founder, Tim Seward. He announced the comeback via LinkedIn, expressing excitement about the support from backers. Initially, the company will offer about 100 electric dirt bikes, though details on their production status remain unclear. Khatiblou's passing left the company in turmoil, with creditors claiming millions in debt. Seward's past experience with e-bikes positions him well to navigate the challenges ahead. The revival raises questions about the involvement of previous stakeholders.

Created at: December 26, 2024 7:02pm

GV's Strategic Investment Approach: Backed by Google, Focused on Financial Returns

GV's Strategic Investment Approach: Backed by Google, Focused on Financial Returns

David Krane, CEO of GV, revealed the venture firm's unique investment strategy during a recent TechCrunch event. GV, funded entirely by Google with an annual budget of $1 billion, has invested over $10 billion across 800 companies in 15 years. Notably, GV solely funded Uber's $258 million Series C round in 2013. The firm primarily focuses on life sciences and a broad digital category, while maintaining autonomy from Alphabet's other investment wings. Krane highlighted GV's communication strategy and openness to funding startups emerging from Google talent.

Created at: December 26, 2024 7:02pm