Category: Tech Crunch

Simo, already a board member at OpenAI, will transition out of Instacart over the next few months and join the AI company full-time as Application CEO.

Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it has invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth...

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,...

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,...

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 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...

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 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.

DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.85 billion).

Elon Musk may have a sizable fan base, but residents of the upscale Austin suburb of West Lake Hills, Texas, are unimpressed by their celebrity neighbor, reports the New York Times. Instead, a $6 million home Musk purchased in 2022 has become the center of a battle after his team erected an unauthorized 16-foot chain-link...