Author: TechBrunch
On July 19, Yelp notified some indie developers that they would need to switch to paid accounts due to heavy API usage, giving developers four days to make the change, a move reminiscent of recent communication blunders on Reddit and Twitter. After the developer responded to the July 19 email, Yelp sent a deck with a pricing structure with a base price starting at $229 per month with a limit of 1,000 API calls per day. But Yelp did not reveal other options, including a la carte packages that cost between $8 and $15 per 1,000 calls. This lack of…
The cloud infrastructure market has had another big quarter, firmly overcoming the downturn in 2023. Revenues continue to grow at a rapid pace, driven by interest in AI: Synergy Research reported quarterly revenues totaled $79 billion, up $14.1 billion, or 22%, from the prior year. Synergy said this marks its third consecutive quarter of year-over-year growth of more than 20%, with AI driving a big part of that growth. The bottom line is that the cloud shows few signs of slowing down, despite its troubles last year. Despite some elements of political and economic uncertainty, Synergy principal analyst John Dinsdale…
As has been widely reported, Wizz recently turned down a $23 billion acquisition offer from Google, which would have made it Google's largest acquisition ever. Perhaps the Google team balked during due diligence, or there were concerns that a deal of this magnitude would be challenged by regulators, but all reports, including TechCrunch's, suggest that the decision to pull the plug came from Wiz, not Google. CEO Assaf Rapaport said this in an email sent to Wizz's 1,200 employees, without going into details about the acquisition proposal, saying he was “honored” and that while he was honored, the company “has…
According to a TechCrunch investigation, Cencora has so far notified more than 1 million people across the US that their personal and protected health information was exposed in a data breach that occurred earlier this year. The pharmaceutical giant said in May that patient data had been exposed in the February incident. Sencora obtained the data through pharmaceutical companies it partners with in connection with its patient assistance programs, including AbbVie, Bayer, Pfizer and Regeneron. Sencora, which was known as AmerisourceBergen until 2023, said in its data breach notice that the exposed data included patients' names, addresses and dates of…
Self-driving technology company Aurora Innovation is aiming to raise hundreds of millions of dollars in additional funding as it pushes ahead with commercializing self-driving cars by the end of 2024. Aurora is pursuing a driver-as-a-service model, with carriers purchasing trucks equipped with Aurora Driver technology and then servicing shippers through those trucks, but it plans to enter the market as a carrier, offering up to 20 packers and Volvo self-driving trucks to shippers by the end of the year. Aurora is poised to sell up to $420 million worth of Class A common stock to underwriters Goldman Sachs, Allen &…
AI hardware has taken a new form with the $99 Friend necklace, a pendant that gives you an AI friend you can talk to, but that's it. Friend's pitch is that the wearable helps fight loneliness, but other AI hardware products that have recently hit the market, such as Humane's Ai Pin and Rabbit's r1, have failed to live up to expectations. Even OpenAI, a leader in the field, released its ultra-realistic AI assistant later than expected and only today to a small “alpha group” of users, making it difficult to evaluate the product's capabilities. But there's one AI buddy…
Payments infrastructure company Infibeam Avenues has acquired a majority 54% stake in Rediff.com for up to $3 million, a dramatic turn of fortune for the 28-year-old company that was the first Indian internet company to list on Nasdaq in 2000. Founded in 1996, Rediff rode the early dot-com boom to become one of India's leading Web portals, offering email, news and e-commerce services. At its peak, Rediff was valued at more than $600 million on the Nasdaq stock exchange. According to brokerage Jefferies, Rediff generated the most traffic in India, climbing to at least 12th place. A 2001 Credit Suisse…
Montenegro's High Court ruled on Thursday that Terraform Labs co-founder Do Kwon should be extradited to his native South Korea. The ruling confirms an April ruling by the High Court of Podgorica that rejected a cryptocurrency fugitive's request for extradition to the United States. A date for Kwon's extradition to South Korea has yet to be set. The ruling in Montenegro on August 1 is the latest in a series of protracted legal battles surrounding the disgraced cryptocurrency founder. After Montenegro's High Court ruled in March to extradite Kwon to South Korea, the Supreme Court overturned the ruling in April…
The platform reached that milestone a day after Meta CEO Mark Zuckerberg said during the company's Q2 2024 earnings call that Threads, its latest social media experiment, had “nearly” reached 200 million users. Instagram head Adam Mosseri confirmed in a Threads post that Twitter rival Meta has hit 200 million active users, a figure it took just 13 months for Meta to hit. “I'm excited to announce we've hit the 200 million milestone on @threads,” Mosseri wrote. “I hope Threads continues to inspire ideas that connect people and that this amazing community continues to grow.” Growth for Threads has been…
TechCrunch Disrupt 2024 will take place in San Francisco from October 28-30. We're already excited. Disrupt brings innovation to every stage of startup life. We couldn't put on this world-class event without our world-class partners. Take advantage of the opportunity to leverage the expertise and resources of leading technology companies. Their participation will elevate, engage and advance your venture. Check out our newest group of companies that can help take your company to the next level. Find out what they do and where to find them. Don't miss Nebius AI's presentation on the AI stage and be sure to stop…