Austin Russell, who became a billionaire after his lidar startup Luminar went public, appears to be out as CEO, according to the company’s board. Luminar’s board announced Wednesday — the same day of its first-quarter earnings report — it had replaced Russell and appointed Paul Ricci to the role. Ricci is the former chairman and...
Author: WpAdminXfinity
YouTube introduces an interactive product feed for shoppable TV ads
YouTube made its pitch to advertisers on Wednesday, accompanied by a flashy performance from Lady Gaga and special appearances from popular YouTubers like Brittany Broski and MrBeast. During its Upfront presentation, YouTube executives introduced new ad formats coming to the platform, including an enhanced shoppable connected TV (CTV) offering that includes a new interactive product...
YouTube targets TV dollars with NFL deal, bingeable ‘shows’ from creators
YouTube announced a range of initiatives designed to attract more TV ad dollars to its platform at Brandcast, its annual Upfront event for advertisers. Notably, the Google-owned video service is expanding its relationship with the NFL and plans to exclusively stream the NFL’s first Friday game of the 2025-2026 season. It’s also preparing to pilot...
YouTube viewers will start seeing ads after ‘peak’ moments in videos
Imagine you’re watching a highly anticipated video from your favorite YouTube creator — perhaps the moment a famous couple finally gets engaged — when an ad pops up immediately after the clip. This is part of YouTube’s new ad format called “Peak Points.” The company revealed the new ad format during its Upfront presentation on...
xAI’s promised safety report is MIA
Elon Musk’s AI company, xAI, has missed a self-imposed deadline to publish a finalized AI safety framework, as noted by watchdog group The Midas Project. xAI isn’t exactly known for its strong commitments to AI safety as it’s commonly understood. A recent report found that the company’s AI chatbot, Grok, would undress photos of women when...
New York-focused VC Work-Bench has raised a fresh $160M
Work-Bench, whose portfolio includes unicorns Spring Health and Socure, just raised a $160 million Fund IV to quadruple down on backing companies in New York City. The firm announced the raise in a blog post on Monday, saying the latest fund will support seed-stage founders building enterprise software. Checks will range from $2 million to...
Attend TechCrunch Sessions: AI with this new, limited-time discount
We’re excited to announce a big surprise for the AI community — TechCrunch Sessions: AI is getting a limited-time discount to broaden the number of people who can attend and learn from some of the brightest minds in the industry. For just $292, you can get a general admission ticket — plus a 50% discount...
Google tests replacing ‘I’m Feeling Lucky’ with ‘AI Mode’
Google is testing a redesign of its Search homepage in which “AI Mode,” the experimental AI-powered search feature the company rolled out earlier in May, replaces its longstanding “I’m Feeling Lucky” button under the Search bar. A company spokesperson confirmed to The Verge, which was the first to report the change, that the feature began...
$25B-valued Chime files for an IPO, reveals $33M deal with Dallas Mavericks
At long last, digital consumer bank Chime has moved forward with its IPO by filing its S-1 paperwork Tuesday. Chime had reportedly filed confidential S-1 paperwork back in December. S-1 filings typically reveal all kinds of information, covering financial, legal, and other risk factors. But Chime’s S-1 documents still have a lot of blank spaces....
Meta to start selling its Ray-Ban smart glasses in India from May 19
The smart glasses are available for pre-order on Ray-Ban’s site, and will retail for ₹29,990 at Ray-Ban stores at launch.