Author: TechBrunch
In just a few words, the AI model is asked to create a story, image, or short film. However, according to Weber Wong, all of these models are “not made to make other non-creators feel creative.” In other words, they are not built for real creative professionals. That's what Wong hopes to change along with Flora, a new startup he is founder and CEO. Flora launched this week, declaring that “AI creative tools should be more than just toys for generating AI slops,” describing Wong and his team as “obsessed with building electric tools that deepen the future of creative…
President Donald Trump has cast his support behind the idea of creating a Federal Reserve for crypto assets. He specifically mentioned XRP, Solana and Cardano, but not Bitcoin or Ethereum. In January, Trump issued an executive order calling for the establishment of a working group that researched recommendations on crypto policy, including “the potential creation and maintenance of national digital asset stockpiles.” The working group was supposed to “suggest the criteria for establishing such stockpiles.” This could be “derived from cryptocurrencies legally seized by the federal government through law enforcement efforts.” In this morning's post about the truth about his…
Aviron's home fitness equipment works on simple principles. People hate exercise. But many of those same people love to play video games. Perhaps the only thing standing between them and a more active lifestyle is healthy competition and timing distractions. It's the same gamification concept that made Nintendo's Wii and VR games look like Beat Saber Hits. However, instead of bringing your workout into a video game, Aviron brings video games into your workout. Founded in 2018, the Toronto-based startup has become known for its release of a rowing machine that was gamed in 2022. With gym closures, many people…
Tonight is night and the watch is getting caught up in registering for a TechCrunch session. Sign up before 11:59pm to save up to $325 on your pass! TC Session: AI brings invaluable insights into the ever-evolving world of AI at the cutting edge and evolving world through expert-led main stage sessions with AI pioneers, hands-on demonstrations at Expo Hall, interactive breakouts, and unparalleled networking opportunities. Whether you're an experienced AI Whiz or just want to learn about the world of AI, join the Jam Pack Day for its appearance at Zellerbach Hall in UC Berkeley on June 5th. Sign…
Chinese AI startup Deepseek recently declared its AI model to be highly profitable. In X's post, Deepseek boasts that the “cost profit margin” for its online service is 545%. However, the margin is calculated based on “theoretical income.” These numbers were discussed in more detail at the end of a longer GitHub post that outlines an approach to achieving “higher throughput and low latency.” The company writes that when considering using the V3 and R1 models during the 24-hour period, if all of that use was billed using the R1 price, DeepSeek already has $562,027 in daily revenue. Meanwhile, the…
There are three inevitable reasons for life. Death, taxes and tech platforms are making design changes that are universally disliked. The latest victim of this phenomenon was the Apple Mail app, which undergoes a major redesign on iOS 18. This update is also available on iPads and MacBooks. The new Apple Mail Design separates email into categories such as primary, transaction, updates, promotions and more. We also provide contact photos to each sender. This coincides with the company's new branding capabilities for businesses across the iOS ecosystem. While some users find it a redesign that is not visually appealing and…
In a video from Tiktok, with over 3 million viewers, a woman in a fluffy, biggest coat, sits in the back seat of a gorgeous SUV, parked in the middle of a street in New York City. Above the six-second video, a line of text reads, “Our bodyguard got us matcha.” The camera zooms in on two intimidating men in full suits with red ties, each carrying an iced matcha latte back to the car. In a similar video, a young woman films a sophisticated Chevrolet suburb being pulled up in front of her home. The man in a suit…
It takes time to gain insights from the AI industry – and save on a massive scale. Save up to $325 and only 2 days left to secure your spot in your TechCrunch session: AI. But if you act quickly, this special offer will close on March 2nd at 11:59pm. TC Session: AI is a must-have event where you can explore the AI industry focused on the startup ecosystem. Whether you're a founder or an investor, or you're interested in the wild world of AI, join Zellerbach Hall in Berkeley on June 5th to be inspired and equipped with the…
Since its establishment in 2021, the Openai Startup Fund has raised $175 million for its main fund, adding $114 million through five separate special purpose vehicles, an investment pool for specific opportunities. Unlike many large tech companies, Openai says it doesn't use the company's money to invest in startups. ChatGpt Maker says the Openai startup fund is raised from outside investors. This includes participation from important Openai supporters Microsoft and “other Openai partners,” according to the fund's website. Research from Data Providers Pitchbook, CrunchBase and TechCrunch shows that the Openai Startup Fund, managed by a dedicated team, has invested in…
Mistral AI, the French company behind AI Assistant LE Chat and some basic models, is officially considered one of France's most promising high-tech startups and is undoubtedly the only European company that can compete with Openai. However, its global market share remains relatively low compared to its $6 billion valuation. However, the recent launch of chat assistants on mobile app stores has encountered hype, especially in their home countries. French President Emmanuel Macron said in a television interview ahead of the AI Action Summit in Paris, “Download and download LeChat made by Mistral, not open or anything else.” This wave…