Author: TechBrunch
ChatGPT, OpenAI's viral AI-powered chatbot, has received a major upgrade. OpenAI today announced that premium ChatGPT users (customers who pay for ChatGPT Plus, Team, or Enterprise) will receive an updated and enhanced version of GPT-4 Turbo, one of the models that powers the conversational ChatGPT experience. announced that it is now available. This new model (“gpt-4-turbo-2024-04-09”), OpenAI claims, brings improvements in writing, mathematics, logical reasoning, and coding, as well as a more up-to-date knowledge base. It was trained on publicly available data through December 2023, in contrast to the previous version of GPT-4 Turbo available on ChatGPT, which ended in…
Hinge Health, a nine-year-old company that provides digital solutions to treat chronic musculoskeletal (MSK) conditions, will cut about 10% of its workforce on Thursday, TechCrunch has exclusively learned. It is said that he did. The company said the people who were laid off worked across a variety of jobs. According to an employee posting on LinkedIn, some of them were engineers. Before the layoffs, Hinge had more than 1,700 employees, according to LinkedIn estimates. “As we continue to reimagine musculoskeletal care, we are also committed to building a long-term sustainable business,” a company spokesperson said in a statement. “To accelerate…
The story of warehouse robots is the story of trying to catch up with Amazon. It's been more than a decade since the online giant revolutionized delivery services through his acquisition of Kiva Systems. To stay competitive, Walmart is taking a more gradual approach to automation through partnerships with various robotics companies. On Thursday, the retail giant announced a partnership with Fox Robotics that will bring 19 of the Austin-based startup's robotic forklifts to its distribution centers. Today's news follows a 16-month pilot in which it was revealed that Walmart is trialling the technology at 6020 distribution centers. The Florida…
The US cybersecurity agency CISA has acknowledged that Russian government-backed hackers have stolen emails from multiple US federal agencies as a result of an ongoing cyberattack at Microsoft. The U.S. Cyber Agency said in a statement Thursday that the cyberattack, first disclosed by Microsoft in January, allowed hackers to “successfully compromise Microsoft corporate email accounts” and access federal government email accounts. He said he was able to steal it. The hacker, which Microsoft calls “Midnight Blizzard” (also known as APT29), is widely believed to be working for Russia's Foreign Intelligence Service (SVR). “Midnight Blizzard's compromise of Microsoft corporate email accounts…
The program is specifically tailored for startups in the Series A to B funding stages that have raised $35 million or less, with unparalleled access to 10,000 technology leaders, and the ability to connect with investors. We offer valuable networking opportunities and exclusive sessions focused on scaling strategies. All of this is provided without expensive sponsored exhibitor fees. . ScaleUp exhibitors will have the opportunity to showcase their company on the Disrupt expo floor during his dynamic day, as well as receive his Four Startup Passes for their teams to fully immerse themselves in the conference experience. Take advantage of…
Was Quibi ahead of its time? Quibi founder Jeffrey Katzenberg ultimately blamed the coronavirus pandemic for the short-form video app's failure, but that's probably premature. It might have been. New app store data shows that the idea popularized by Quibi — cutting up original programming into short clips to provide quick entertainment — is now making a comeback. In the first quarter of 2024, 66 short-form drama apps, including ReelShort and DramaBox, generated his record $146 million in global consumer spending. This represents an increase of more than 8,000% from $1.8 million in Q1 2023, when there were just 21…
Britain's competition watchdog has warned of Big Tech's growing grip on the advanced AI market, with CEO Sarah Cardel expressing “real concern” about the state of development in the sector. . In its latest document on fundamental AI models published on Thursday, the Competition and Markets Authority (CMA) has highlighted the interconnections and convergence between developers in cutting-edge technology fields that are responsible for the boom in generative AI tools. warned about the increasing number of The CMA paper notes the recurring presence of Google, Amazon, Microsoft, Meta, and Apple (also known as GAMMA) across the AI value chain: compute,…
Venture secondaries have exploded in recent years. While some companies are capitalizing on increased activity to position themselves among the most promising portfolio companies, AirTree Ventures is capitalizing on this momentum in a slightly different way. The Sydney-based venture, founded in 2014, has used company-led secondary sales to reduce its shareholding and gain liquidity from some of its most promising investments. The company's portfolio is made up of Australian unicorns including Canva with a final valuation of $40 billion, Immutable with $2.4 billion and LinkTree with $1.3 billion. AirTree co-founder and partner Craig Blair told TechCrunch that AirTree's goal, like…
The internet's giant platforms are slowly merging into larger clumps of sameness, and even the world's most high-profile companies can't escape this trend. TikTok's winning strategy of focusing on short-form, vertical videos has won it fans among other internet platforms, and now TikTok is taking a page out of its competitors' books and borrowing its popularity factors. It is reported that they are doing so. TikTok is working to launch a new app called TikTok Notes that will allow users to post images, aiming to take on Instagram, a service best known for its still photo-sharing feature. Of course, Instagram…
If you ask investors to name the biggest challenge for venture capital today, you'll likely get a near-unanimous answer: lack of liquidity. Due to the lack of IPOs, even though investments in startups and VC funds have risen in value, those bets have not generated much, if any, cash for backers. That's the drawback of private investment and public markets. Shares in private companies, such as startups, cannot be sold freely. Companies must authorize existing investors to sell their shares to authorized others, known as secondary sales. Cash-hungry venture investors, whether VCs themselves or limited partners, are increasingly looking to…