[[{“value”:” Telegram founder Pavel Durov said today that the service now has more than 1 billion active users. This number is up from last year’s reported 950 million monthly active users. Durov also noted that the company registered $547 million in profits last year. He had announced the company’s profitability in December but hadn’t provided any […] © 2024 TechCrunch….
Elon Musk’s X reportedly bounces back to $44B valuation
[[{“value”:” Social media site X’s valuation has bounced back to $44 billion, according to a new report from the Financial Times. Elon Musk purchased the platform, formerly known as Twitter, for $44 billion back in 2022. However, a report from Bloomberg states that X has raised close to $1 billion from investors in a deal that […] © 2024 TechCrunch….
In another good sign for fintech, Ribbit Capital is raising a new $500M fund
[[{“value”:” Ribbit Capital is raising $500 million for a new fund, an SEC filing seen by TechCrunch has revealed. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
GM, Gatik, Torc team up with Nvidia to accelerate self-driving
[[{“value”:” NVIDIA’s GTC conference kicked off with a series of announcements highlighting its role in advancing autonomous driving technology. The chipmaker provides automakers and autonomous vehicle companies with a handful of Nvidia-branded tools to help power self-driving cars and create digital twins of factories. On Tuesday, companies including Torc, Gatik, and even General Motors announced plans […] © 2024 TechCrunch….
Analytics company Dataminr secures $85M to fund growth
[[{“value”:” Dataminr, a data analytics company that counts NATO and OpenAI among its customers, has raised $85 million in a combination of convertible financing and credit, Dataminr announced on Wednesday. It’s chump change for Dataminr, which closed a $475 million round at a $4.1 billion valuation in 2021. But the company has seen its fair share […] © 2024 TechCrunch….
Streamer Plex raises subscription price for the first time in a decade
[[{“value”:” Streaming service and software maker Plex is raising its prices. The company announced on Wednesday its first price increase in a decade for its premium subscription service Plex Pass, which offers power users a variety of additional features, like offline access, themes, hardware transcoding, and other advanced settings. The service will now cost $6.99 per […] © 2024 TechCrunch….
Google search, Play Store falling foul of Digital Markets Act rules, says EU
[[{“value”:” Google Search and its Play Store app marketplace are suspected of breaching the European Union’s Digital Markets Act (DMA), per preliminary findings announced Wednesday by EU Commission enforcers of the bloc’s flagship market contestability law, who have been investigating the company for months. The DMA applies to a handful of tech giants, Alphabet (Google’s parent) […] © 2024 TechCrunch….
EPA was ‘arbitrary and capricious’ when it froze nonprofits’ Citibank accounts, judge finds
[[{“value”:” The judge also found that the nonprofits will “suffer imminent, irreparable harm” if they don’t gain access to their funding. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Researchers say they’ve discovered a new method of ‘scaling up’ AI, but there’s reason to be skeptical
[[{“value”:” Have researchers discovered a new AI “scaling law”? That’s what some buzz on social media suggests — but experts are skeptical. AI scaling laws, a bit of an informal concept, describe how the performance of AI models improves as the size of the datasets and computing resources used to train them increases. Until roughly a […] © 2024 TechCrunch….
Tera AI comes out of stealth with $7.8M to provide visual navigation for robots
[[{“value”:” Robots are part of an exciting new frontier in tech, but here’s the challenge: robots rely on arrays of sensors, external signals like GPS and Wi-Fi, and customized software to navigate their environments. Further, robotics often involves expensive, ready-made hardware solutions that include built-in software and sensors designed for specific tasks, like estimating relative motion. […] © 2024 TechCrunch….