Author: TechBrunch

TikTok has warned that it could be shut down in just six days, as the Supreme Court is currently considering legislation to ban the app. So we thought it was time to consider other platforms like TikTok that might be able to fill the hole in our lives. The law gives TikTok's parent company ByteDance until Jan. 19 to sell its U.S. operations or face a ban on operating in the country. TikTok wants the law to be suspended, but if that doesn't happen, the app will effectively be banned in the country. 1:1 While there is no replacement for…

Microsoft has created a new engineering organization aimed at accelerating internal AI infrastructure and software development. Jay Parikh, previously Meta's vice president and head of global engineering, will lead the new division, according to Bloomberg. He will report directly to Microsoft CEO Satya Nadella and will oversee groups such as the company's AI platform and developer team. Parikh worked on technology infrastructure and data center projects at Meta. Before joining Microsoft in October, he was named CEO of cloud security startup Lacework. The new organization, called CoreAI — Platform and Tools, is actually a combination of Microsoft's existing Dev Div…

OpenAI on Monday released what it calls an “economic blueprint” for AI, a living document outlining the policies it believes it can build in partnership with the U.S. government and its allies. The blueprint also includes remarks from Chris Lehane, OpenAI's vice president of international affairs, who says the U.S. will spend billions of dollars on chips, data, energy and talent needed to “win with AI.” They argue that action must be taken to attract funding for the future. “Today, while some countries are ignoring AI and its economic potential, the U.S. government can protect national security while paving the…

Ben Lerer, managing partner of Lerer Hippo, one of New York's most prestigious seed-stage venture firms, shared some predictions with Fortune's Leo Schwartz. He believes the bifurcation of venture firms will continue, with money flowing primarily into top funds such as Thrive and a16z and smaller, bespoke funds. “When you die, you're kind of floating in the middle, managing billions of dollars and not doing anything particularly well,” he told Schwartz. Billions of dollars are certainly not a lot of change, but many companies have struggled to raise capital since the end of 2021's high spending spree. The Financial Times…

The rise of NVIDIA has renewed investor interest in AI chip startups. One of those companies, Blaize, founded by former Intel engineers, announced on Monday that it plans to go public on the NASDAQ in a SPAC transaction on Tuesday. Founded in 2011, Blaze has raised $335 million from investors including Samsung and Mercedes-Benz. Headquartered in El Dorado Hills, California, the company focuses on manufacturing AI chips for edge applications. Its chips are intended to be integrated into smart products such as security cameras, drones, and industrial robots, rather than being used primarily in large data centers (like NVIDIA's). “AI-powered…

As Elon Musk and Mark Zuckerberg continue to reshape the social media space, a group of international technology entrepreneurs and their advocates are launching a campaign to protect social media from billionaire control and influence. Raised. The initiative, Free Our Feeds, aims to secure and leverage Bluesky's underlying technology, the AT protocol, to create an open social media ecosystem that cannot be controlled by any single person or company, including Bluesky itself. The purpose is The goal of this effort is to establish a public interest foundation that will fund the creation of new interoperable social networks that can run…

As Elon Musk and Mark Zuckerberg continue to reshape the social media space, a group of international technology entrepreneurs and their advocates are launching a campaign to protect social media from billionaire control and influence. Raised. The initiative, Free Our Feeds, aims to secure and leverage Bluesky's underlying technology, the AT protocol, to create an open social media ecosystem that cannot be controlled by any single person or company, including Bluesky itself. The purpose is The goal of this effort is to establish a public interest foundation that will fund the creation of new interoperable social networks that can run…

The world of fashion is changing at a faster pace every year. Most retailers introduce new styles every season, and fast fashion companies like Shein, H&M, and Zara continually update their collections. To keep up with the rapid demand for new styles, brands and manufacturers are turning to technology to accelerate the design process. Raspberry AI, a two-year-old startup, helps designers develop products faster by allowing them to visualize and iterate on ideas almost instantly using a text-to-image platform. It is one of the technological solutions. Cheryl Liu, the founder of Rasberry, was a private equity analyst specializing in retail…

Price Iebesi, 24, already has one way out. He is selling his cryptocurrency billing company, Utopia Labs, to Coinbase for an undisclosed amount. Some founders don't just have one company. Yebesi on Monday announced the launch of Open Ledger, a new company that will integrate automated accounting software into products that businesses and small businesses already use. He has already raised $3 million in a round led by Kindred Ventures. Yebesi said he came up with Open Ledger while still serving as chief product officer at Utopia Labs. He said he noticed that the companies he worked with were still…

With one week left in his term, President Joe Biden has introduced new guidelines and restrictions on the export of U.S.-made AI chips. On Monday, the administration released an interim final rule on AI proliferation. The ruling aims to “clarify how allies and partners can benefit from AI” and streamline licensing hurdles for chip orders, according to a White House press release. However, these rules also introduce new chip sales restrictions in the majority of countries around the world. These new guidelines divide countries into three groups, CNN reports. The first group includes the United States' strongest allies, such as…