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Holmes and Balwani’s appeal falls flat as court upholds fraud convictions

Holmes and Balwani’s appeal falls flat as court upholds fraud convictions

​[[{“value”:” Elizabeth Holmes and Ramesh “Sunny” Balwani’s appeals to overturn their fraud convictions and reduce their prison sentences were denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Theranos, and Balwani, its former COO, were convicted in separate trials in 2022 […] © 2024 TechCrunch….

Apple exec Phil Schiller testifies that he raised concerns over App Store commissions on web-based sales

Apple exec Phil Schiller testifies that he raised concerns over App Store commissions on web-based sales

​[[{“value”:” Apple Fellow Phil Schiller, the executive in charge of leading the App Store, testified in court on Monday that he had originally raised concerns about the 27% commission the iPhone maker planned to charge app developers on any purchases made outside the App Store. In addition to being a potential compliance risk, he suggested that […] © 2024 TechCrunch….

DOGE’s HR email is getting the ‘Bee Movie’ spam treatment

​[[{“value”:” Over the weekend, Elon Musk surveyed his followers on X — the platform he spent $44 billion to buy — asking whether federal employees should be required to send his team an email with a list of five things they accomplished this week. With the yes votes totaling over 70%, Musk followed through. Federal employees […] © 2024 TechCrunch….

Anthropic used Pokémon to benchmark its newest AI model

​[[{“value”:” Anthropic used Pokémon to benchmark its newest AI model. Yes, really. In a blog post published Monday, Anthropic said that it tested its latest model, Claude 3.7 Sonnet, on the Game Boy classic Pokémon Red. The company equipped the model with basic memory, screen pixel input, and function calls to press buttons and navigate around the […] © 2024 TechCrunch….

SpaceX says Starship self-destructed after propellant leaks caused fires and comms blackout

​[[{“value”:” SpaceX said Monday that last month’s Starship explosion was brought on by a cascading series of events caused by propellant leaks — a problem the company says has been addressed ahead of an eighth test flight that could happen as early as Friday. The spaceflight company is still waiting for the Federal Aviation Administration (FAA) […] © 2024 TechCrunch….

SoundCloud partners with TicketMaster to let artists list events

​[[{“value”:” Music streamer SoundCloud announced a partnership with entertainment company Live Nation today, allowing artists on its platform to list Ticketmaster and Universe events on their profile in a customized way. The company said it would create more promotion opportunities for artists in the future in partnership with Ticketmaster through a new promotion program but didn’t […] © 2024 TechCrunch….

Khosla Ventures seeks $3.5B in fresh capital

​[[{“value”:” Khosla Ventures, a firm known for early investments in OpenAI, is raising $3.5 billion across three funds, the Wall Street Journal reported. That target is 17% larger than the firm’s previous 2023 fund haul of $3 billion.   About half of the new capital will be allocated to its ninth core venture fund. The remaining money will […] © 2024 TechCrunch….

Google Drive users can now access and search transcripts for videos

​[[{“value”:” After launching automatically generated captions for videos last year, Google Drive is now launching searchable video transcripts. Google announced that starting Monday, Drive users can now view and search transcripts for their videos. The new feature gets rid of the need to upload a video’s audio to a transcription service like Otter. Transcripts will appear […] © 2024 TechCrunch….

Anthropic launches a new AI model that ‘thinks’ as long as you want

​[[{“value”:” Anthropic is releasing a new frontier AI model called Claude 3.7 Sonnet, which the company designed to “think” about questions for as long as users want it to. Anthropic calls Claude 3.7 Sonnet the industry’s first “hybrid AI reasoning model,” because it’s a single model that can give both real-time answers and more considered, “thought-out” […] © 2024 TechCrunch….

Grok 3 appears to be driving Grok usage to new heights

​[[{“value”:” Elon Musk’s AI company, xAI, released Grok 3, its long-awaited flagship AI model, last week. Grok 3 powers the Grok chatbot apps for mobile and the web, as well as the Grok experience on the Musk-owned social network X. Given that there’s so much competition in the AI chatbot space these days, it wasn’t a […] © 2024 TechCrunch….