[[{“value”:” A U.K. startup, originating from founder Jacob Nathan’s high school science project on using enzymes to break down plastic waste, has secured an oversubscribed $18.3 million in Series A funding. Founded in 2019 in London, Epoch Biodesign now a 30+ strong multidisciplinary team of chemists, biologists and software engineers. It will be using the new […] © 2024 TechCrunch….
CoreWeave acquires AI developer platform Weights & Biases
[[{“value”:” Nvidia-backed data center company CoreWeave has acquired AI developer platform Weights & Biases for an undisclosed sum. According to The Information, CoreWeave spent $1.7 billion on the transaction. Weights & Biases was valued at $1.25 billion in 2023, and it recently filed for an IPO. Lukas Biewald, Chris Van Pelt, and Shawn Lewis founded Weights & Biases […] © 2024 TechCrunch….
CoreWeave partner EcoDataCenter racks up half a billion dollars to build more sustainable buildings for AI
[[{“value”:” EcoDataCenter, a Swedish company that builds eco-friendly data centers used by major compute providers to handle their AI traffic, has raised nearly half a billion dollars — $478 million (€450 million) to be exact — in anticipation of more demand. The equity funding, which is coming from a group of unnamed institutional investors, will be […] © 2024 TechCrunch….
Meta brings its anti-fraud facial recognition test to the UK after getting a thumbs up from regulators
[[{“value”:” Last October, Meta dipped its toe into the world of facial recognition — an area where it has had a tricky track record — with an international test of two new tools: one to stop scams based on likenesses of famous people, and a second facial recognition feature to help people get back into compromised […] © 2024 TechCrunch….
Defense tech startup Epirus raises $250M Series D to counter drone swarms
[[{“value”:” Defense tech startup Epirus has raised a $250m Series D to expand its counter-drone solutions. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Quantexa nabs $175M at a $2.6B valuation to double down on data analytics for AI
[[{“value”:” London startup Quantexa has made its name over the years with an enterprise platform that employs AI and data analytics to fight money laundering and fraud. Today, it is announcing new funding of $175 million to double down on that business while also moving deeper into another hot area: using its technology to help organizations […] © 2024 TechCrunch….
Key ex-OpenAI researcher subpoenaed in AI copyright case
[[{“value”:” Alec Radford, a researcher who helped develop many of OpenAI’s key AI technologies, has been subpoenaed in a copyright case against the AI startup, according to a court filing Tuesday. The filing, submitted by an attorney for the plaintiffs to the U.S. District Court in the Northern District of California, indicated that Radford was served […] © 2024 TechCrunch….
Judge rejects Musk’s attempt to block OpenAI’s for-profit transition
[[{“value”:” A federal judge in Northern California denied Elon Musk’s motion for an injunction that would have halted OpenAI’s planned transition into a for-profit company, Bloomberg reported. Musk failed to provide enough evidence necessary for an injunction, U.S. District Court Judge Yvonne Gonzalez Rogers ruled Tuesday. However, Rogers said the court is prepared to hold an […] © 2024 TechCrunch….
Aspiration co-founder and board member defrauded investors of $145M, prosecutors say
[[{“value”:” The fintech startup has been under federal scrutiny for years for questionable financial and carbon accounting practices. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Amazon reportedly forms a new agentic AI group
[[{“value”:” Amazon has formed a new group within AWS dedicated to creating AI agents, systems that help people automate parts of their lives, Reuters reported on Tuesday. In an email to staff seen by Reuters, AWS CEO Matt Garman said agentic AI has the potential to be “the next multi-billion business for AWS.” A longtime AWS […] © 2024 TechCrunch….