Black Forest Labs, the AI startup whose models once powered the image generation features of X’s Grok chatbot, on Thursday released a new suite of image-generating models — some of which can both create and edit pics. The most capable of the models in the new family, called Flux.1 Kontext, can be prompted with text...
Category: Tech Crunch
Grammarly secures $1B in nondilutive funding from General Catalyst
Grammarly has secured a $1 billion commitment from General Catalyst.
NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions
NVIDIA and AMD will soon begin selling new GPUs made for AI workloads in China to comply with US chip export restrictions.
Lightspeed backs Indian home services startup Snabbit as the next big consumer trend
Home services in India — whether it is cleaning, dishwashing, or laundry — have traditionally been offline and informally run. This has often resulted in delays and uncertainties for consumers, as well as inconsistent pay and job insecurity for workers. Recently, however, startups have begun viewing this area as ripe for transformation, leveraging technology to...
Founder Sahil Lavingia says he was booted from DOGE after just 55 days
Sahil Lavingia has published a diary recounting his time as a member of Elon Musk’s DOGE workforce. It’s a short read — Lavingia’s DOGE stint lasted just 55 days — but it does provide new details on the temporary government organization formed by President Trump’s executive order. Lavingia is a well-known name in Silicon Valley,...
Security startup Horizon3.ai is raising $100M in new round
Horizon3.ai, a cybersecurity startup that provides tools like autonomous penetration testing, is seeking to raise $100 million in a new funding round and has locked down at least $73 million, the company revealed in an SEC filing this week. NEA led the round, according to two people familiar with the deal. One person said that...
Nvidia expects to lose billions in revenue due to H20 chip licensing requirements
Nvidia incurred a $4.5 billion charge in Q1 due to licensing requirements impacting its ability to sell its H20 AI chip to companies in China.
Opera’s new browser can code websites and games for you
Opera’s new browser, called Opera Neon, will focus on AI workflows and performing tasks for you, like shopping, coding and generating reports.
Humain planning $10B VC fund to invest in US, European and Asian startups
Humain, the state-owned AI company from Saudi Arabia, is reportedly on track to launch a $10 billion venture fund, Humain Ventures.
SpaceX’s ninth test flight of Starship launches into space, ends in a spin
SpaceX’s Starship successfully separated from its Super Heavy rocket booster and reached orbit Tuesday evening, but later began spinning and made an uncontrolled re-entry into the Indian Ocean. SpaceX had cleared the surrounding airspace where Starship was coming down, according to the company. The ninth test flight provided a mix of successes and failures for...