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Pruna AI open sources its AI model optimization framework

​[[{“value”:” Pruna AI, a European startup that has been working on compression algorithms for AI models, is making its optimization framework open source on Thursday. Pruna AI has been creating a framework that applies several efficiency methods, such as caching, pruning, quantization and distillation, to a given AI model. “We also standardize saving and loading the […] © 2024 TechCrunch….

Amid calls for sovereign EU tech stack, Evroc raises $55M to build a hyperscale cloud in Europe

​[[{“value”:” A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($55 million) in Series A funding. Evroc, as it’s called, says it’s laying the foundations for a “secure, sovereign and sustainable hyperscale cloud to reimagine the digital future of Europe.” The announcement comes amid growing calls to create a […] © 2024 TechCrunch….

ChatGPT hit with privacy complaint over defamatory hallucinations

​[[{“value”:” OpenAI is facing another privacy complaint in Europe over its viral AI chatbot’s tendency to hallucinate false information — and this one might prove tricky for regulators to ignore. Privacy rights advocacy group Noyb is supporting an individual in Norway who was horrified to find ChatGPT returning made-up information that claimed he’d been convicted for […] © 2024 TechCrunch….

Michael Seibel is leaving Y Combinator

​[[{“value”:” Michael Seibel announced late Wednesday on X that after more than 12 years at the famed accelerator Y Combinator, he is transitioning to a “partner emeritus” role. Y Combinator CEO Garry Tan shared the news separately in a company blog post, highlighting Seibel’s long history with the outfit. Seibel first joined YC as a founder, […] © 2024 TechCrunch….

ClearGrid, armed with a fresh $10M, is developing AI to improve debt collection in MENA

​[[{“value”:” Debt collection in emerging markets often feels outdated and can be costly — damaging borrower trust. As consumer lending surges and regulators push for fairer practices, legacy collection outfits are struggling to maintain pace. ClearGrid aims to help modernize debt collection — and recovery — with AI. The Dubai-based startup, which is emerging from stealth […] © 2024 TechCrunch….

SoftBank to acquire semiconductor designer Ampere in $6.5B all-cash deal

SoftBank to acquire semiconductor designer Ampere in $6.5B all-cash deal

​[[{“value”:” SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a chip designer founded by former Intel executive Renee James, through a $6.5 billion all-cash deal as a strategic move to broaden its investment in AI infrastructure. Ampere will be operate as a wholly-owned subsidiary of SoftBank after the deal, which is expected to […] © 2024 TechCrunch….

How a $6M bet on Wiz turned into a massive 200x return for one early backer

How a $6M bet on Wiz turned into a massive 200x return for one early backer

​[[{“value”:” Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors. The deal is a big win for Sequoia, one of the best-known VC firms, which stands to make $3 billion, about 25x the money it invested in the company, Bloomberg reported. Despite substantial returns for Sequoia’s […] © 2024 TechCrunch….

OpenAI’s o1-pro is the company’s most expensive AI model yet

​[[{“value”:” OpenAI has launched a more powerful version of its o1 “reasoning” AI model, o1-pro, in its developer API. According to OpenAI, o1-pro uses more computing than o1 to provide “consistently better responses.” Currently, it’s only available to select developers — those who’ve spent at least $5 on OpenAI API services — and it’s pricey. Very […] © 2024 TechCrunch….