Author: TechBrunch

More than two years after Nebius, formerly known as Yandex and now focused on cloud infrastructure for the use of AI (also known as “AI computing”), was suspended from trading by the Nasdaq due to economic sanctions, The company plans to start trading on the open market again. In response to Russia's invasion of Ukraine in 2022. The Netherlands-based company is in a somewhat unique position as it races to become one of Europe's major players in the fast-growing “GPU as a Service” space. Although it's a new business, being a publicly traded company means anyone can invest in it…

Byju Raveendran, founder of embattled edtech group Byju's, said on Thursday afternoon that he had made mistakes, mistimed the market, overestimated growth potential, and once said 220 He admitted that the value of his startup, which was valued at $1 billion, is now effectively “zero.” Raveendran told reporters that the company's aggressive acquisition of more than 20 startups to expand into new markets proved fatal when funding dried up in 2022. Bijouzu plans to go public in early 2022, and said multiple investment bankers have given the company a solid valuation. TechCrunch previously reported that the amount could reach $50…

The New York Times reported Thursday on OpenAI's “fraying” relationship with its investor, partner, and increasingly rival Microsoft, and their five-year romance has been linked to limited computing reported that the ability of OpenAI to cool down due to economic pressure. Microsoft offers OpenAI, but there are disagreements between the two regarding the basic principles. Perhaps most attractively, OpenAI's deal with Microsoft provides that if OpenAI develops so-called artificial general intelligence (AGI), an AI system with capabilities comparable to human thinking, it will be granted access to Microsoft's technology. This is probably a clause reported in OpenAI's contract with Microsoft…

Despite Saudi Arabia's record of human rights abuses, some investors have become more willing to invest in the country's startups. General Catalyst plans to invest in Saudi Arabia-based fintech startup Lean Technology, marking its first investment in a Middle Eastern country, the Information reported. Other Saudi startups recently backed by US-based investors include lending platform Tamara, which received capital from Kochu Management last year. Although not a direct investment, Flow, a co-living startup founded by Adam Newman and backed by a16z, has opened an apartment complex in Riyadh, the capital of Saudi Arabia. Sanabil Investments, the venture arm of Saudi…

On Wednesday, social network X (formerly Twitter) updated its privacy policy to say it will now allow third-party “collaborators” to train AI models on X data unless users opt out. X owner Elon Musk trained xAI's Grok AI chatbot on X user data, leading to an investigation by the EU's chief privacy regulator, but the company said the data could also be used by third parties. had not yet amended the policy to indicate that this could be the case. This addition to the policy suggests that X, like Reddit and various media organizations, is considering licensing data to AI…

WorldCoin, the “identity proof” crypto startup that scans people’s eyeballs co-founded by Sam Altman, announced Thursday that it has dropped “coin” from its name and is now simply “World.” The company also announced its next-generation iris scanning, Orb, and other tools at a live event in San Francisco. World co-founder and CEO Alex Branier said the startup's old name “doesn't work anymore” as the startup looks to expand its identity beyond its initial cryptocurrency mission. suggested that there may be. (Initially, eye scans were seen as a way to access World Coin, but founders say that never happened.) OpenAI CEO…

Microsoft has notified customers that security logs for some of its cloud products have been missing for more than two weeks, leaving network defenders without critical data to detect potential intrusions. According to a notice sent to affected customers, Microsoft announced that between September 2 and September 19, “there was a bug in one of Microsoft's internal monitoring agents that caused it to upload log data to an internal logging platform. At that time, some agents malfunctioned.” The notice states that the logging outage was not caused by a security incident and “only affected the collection of log events.” Business…

This week, OpenAI quietly published a statement on its website pledging not to use its patents offensively. OpenAI emphasized its commitment to the principles of “broad access” and “collaboration” and said it would only use patents in ways that support innovation. “We will not engage in any activity where a party threatens, asserts a claim, files a lawsuit, assists anyone else in such activity against us, or harms us or our users. Unless otherwise involved, we pledge to use our patents only defensively.” company. But experts say that claim is just whitewashing. In contrast to patent pledges, such as IBM's…

Salesforce CEO Marc Benioff, one of the tech industry's biggest hype guys, wants you to know that he's passionate about generative AI, but even he doesn't know that generative AI's biggest proponents are I don't think I can accomplish what I say. And he (not surprisingly) blames Microsoft. A month after Salesforce's huge tech conference Dreamforce, Benioff endlessly touted, touted and praised AI (at least the AI ​​used in Salesforce's own products), it's now time to set expectations. I'm on tour. And he's badmouthing his biggest competitor and biggest rival, Microsoft. He recently appeared on the podcast “Rapid Response,” hosted…

Google CEO Sundar Pichai announced Thursday that Prabhakar Raghavan, the company's head of search engine and advertising products, will be leaving his post. Raghavan will be replaced as chief engineer by longtime Google executive Nick Fox. “Prabhakar has decided that the time is right to take a major leap forward in his career,” Pichai said in a statement. “After 12 years leading teams across Google, he will return to his roots in computer science and take on the role of chief engineer at Google. In this role, he will work closely with me and Google leadership. Together, we will provide…