[[{“value”:” Unimaginable disasters like the fires in Los Angeles with their hundreds of billions of dollars in destruction put a huge focus on the role the insurance industry plays in the process of rebuilding. Those events will also lead to major financial losses at the insurance companies themselves. And longer term, all of this will put […] © 2024 TechCrunch….
Authorities arrest four suspected 8base ransomware operators in global takedown
[[{“value”:” The Russian nationals are accused of launching more than 1,000 ransomware attacks worldwide to steal $16 million © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Archer Aviation doubles down on defense aircraft with fresh $300M
[[{“value”:” Escalating geopolitical tensions and a new administration with a hawkish defense agenda has led many startups to embrace dual-use strategies to secure revenue through military applications. And it’s a trend that is already heating up in aerospace. Just look at Archer Aviation, a California-based startup building eVTOLs (electric vertical takeoff and landing vehicles). Until very […] © 2024 TechCrunch….
Moderne raises $30M to solve technical debt across complex codebases
[[{“value”:” When companies take shortcuts to build their software stack, prioritizing speed and quick-fixes over quality and long-term scalability, they can end up with what’s known as “technical debt.” Essentially, if a codebase is not constructed properly, as it grows, it will become more complex, cost more to maintain, and it’ll become ever harder to add […] © 2024 TechCrunch….
As US and UK refuse to sign the Paris AI Action Summit statement, other countries commit to developing ‘open, inclusive, ethical’ AI
[[{“value”:” The Artificial Intelligence Action Summit in Paris was supposed to culminate with a joint declaration on artificial intelligence signed by dozens of world leaders. While the statement isn’t as ambitious as the Bletchley and Seoul declarations, both the U.S. and the U.K. have refused to sign it. It proves once again that it is difficult […] © 2024 TechCrunch….
Australian health tech startup Harrison.ai scores $112M Series C
[[{“value”:” Medical imaging is crucial for the timely identification of serious diseases like cancer. However, manual interpretation of scans is a time-intensive process. Healthcare professionals increasingly use AI-powered tools for diagnostic purposes, as such technologies can be very effective in detecting and categorizing diseases. A Sydney, Australia-headquartered startup, Harrison.ai, has built AI-enabled medical diagnostic software and […] © 2024 TechCrunch….
In Paris, JD Vance skewers EU AI rules, lauds US tech supremacy
[[{“value”:” At the AI Action Summit in Paris this week, the U.S. declined to sign the statement summarizing the resolutions. But it did make an appearance: Vice President J.D. Vance gave a speech to the audience of dignitaries, tech leaders and regulators. Amid a conference heavy on equitable AI development — specifically, beyond the outsized influence […] © 2024 TechCrunch….
Google back Toonsutra to grow its webtoons platform in India
[[{“value”:” It’s no news that India is a huge market for entertainment businesses, but what often doesn’t get mentioned is that its people love to see content in their own languages. According to a recent survey by non-profit Internet and Mobile Association of India, more than 870 million Indians sought out videos, music and other content […] © 2024 TechCrunch….
AI investments surged 62% to $110 billion in 2024 while startup funding overall declined 12%, says Dealroom
[[{“value”:” Venture capitalists are gobbling up term sheets for startups peddling artificial intelligence, even as they remain picky when it comes to funding the wider spectrum of technology. According to new figures from analytics firm Dealroom, AI startups raised $110 billion in funding last year, up 62% on the year before. At the same time, privately-backed […] © 2024 TechCrunch….
Ghanaian fintech Affinity bags $8M to scale digital banking in a mobile money-driven market
[[{“value”:” Africa’s top digital banking platforms typically come from high-growth, populous markets like Nigeria, South Africa, and Egypt. But Affinity Africa, an upstart from Ghana, wants to join the conversation. The startup has raised $8 million in seed funding to expand its financial products further across the country, where mobile money is the dominant financial tool. […] © 2024 TechCrunch….