Author: TechBrunch
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…
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether. By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses…
Following a recent lawsuit filed by the Recording Industry Association of America (RIAA) against music generation startups Udio and Suno, Suno acknowledged in a court filing on Thursday that it did indeed train its AI models using copyrighted music, but the company argued that doing so was lawful under fair use doctrine. The RIAA filed suit against Udio and Suno on June 24, alleging that the companies trained their models using copyrighted music. Suno investors have previously suggested that the startup didn't have permission from music labels to use copyrighted material, but they haven't stated that as directly as in…
Apple on Thursday reported third-quarter results that beat Wall Street expectations and a 5% rise in total revenue. After struggling in recent years, the iPad saw its biggest increase in sales during the quarter, from $5.8 billion to $7.2 billion year over year. Tablet sales, driven by the product line's biggest ever refresh, helped make up for slowing iPhone sales, which fell to $39.3 billion from $39.7 billion year over year. Despite the quarterly sales decline, iPhone remains Apple's most important category, followed by Services, which includes software products like iCloud, Apple TV+, Apple Music, etc. The category continued to…