Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include a new AI foundation model for payments; stablecoin-powered accounts; a new Orchestration offering, and a recent migration with chip behemoth Nvidia. Stripe’s payments foundation model has been trained on tens of billions of transactions,...
Category: Tech Crunch
Amid Greek tech boom, a prominent seed-stage firm locks down €75 million
Marathon Venture Capital, a venture firm in Athens that prides itself on being “day one partners to Greek tech partners,” just closed its newest fund with €75 million in capital commitments, according to partner Panos Papadopoulos. The vehicle brings the firm’s total assets under management to €175 million — a meaningful amount for an eight-year-old,...
Hugging Face releases a free Operator-like agentic AI tool
A team at Hugging Face has released a freely available, cloud-hosted computer-using AI “agent.” But be forewarned: It’s quite sluggish and occasionally makes mistakes. Hugging Face’s agent, called Open Computer Agent, is accessible via the web and can use a Linux virtual machine preloaded with several applications, including Firefox. Similar to OpenAI’s Operator, you can...
Rivian earnings: EV maker cuts delivery guidance because of Trump’s tariffs and trade wars
Rivian said in its earnings report Tuesday it will likely deliver fewer vehicles this year than previously forecasted due to President Trump’s tariffs and other regulatory changes, making it the latest automaker to be affected by the new administration’s chaotic economic policies. The company said Tuesday it expects to deliver between 40,000 and 46,000 EVs...
NSO Group must pay more than $167 million in damages to WhatsApp for spyware campaign
The five-year legal battle between the Meta-owned company and the most notorious spyware maker in the world ends with a huge win for WhatsApp.
OpenAI expects to cut share of revenue it pays Microsoft by 2030
OpenAI currently has a deal to share 20% of revenue with Microsoft, but the AI company expects to cut that share to 10% by 2030, The Information reported.
Employer.com scoops up another fintech in purchase of MainStreet.com
Employer.com has acquired MainStreet.com for an undisclosed amount, the latest fintech startup to get snapped up by the workforce management company. In a post on X, Employer.com Chairman and co-founder Jesse Tinsley said the two companies were “merging forces to simplify business back office solutions into one powerhouse platform.” Tinsley confirmed the acquisition to TechCrunch....
Waymo ramps up robotaxi production at new Arizona factory
Waymo has played coy for years about exactly how many Jaguar I-Pace EVs are in its autonomous fleet — a figure that covers vehicles used in testing and commercial robotaxi operations. On Monday, the Alphabet company finally provided a peek at the commercial side of the fleet. Waymo said Monday, as part of a larger...
Uber and WeRide set their robotaxi sights on 15 more cities
Uber and Chinese autonomous vehicle technology company WeRide plan to expand a commercial robotaxi partnership and bring the service to another 15 cities over the next five years. The expansion comes five months after the two companies launched a commercial robotaxi service in Abu Dhabi. The companies said the expansion will include cities in Europe. Under...
DoorDash to buy UK’s Deliveroo for $3.86B
DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.85 billion).