Author: TechBrunch
Despite the gradual decline of quick commerce in many markets and the collapse of several heavily funded startups in the past two years, India remains a notable outlier where the model remains vibrant. It's emerging. India's quick commerce market is set to grow by a staggering 10 times between 2021 and 2023, driven by the sector's ability to cater to the distinct needs of urban consumers seeking the convenience of small, unplanned purchases. We have achieved great growth. However, despite this rapid expansion, QuickCommerce has captured only 7% of the potential market, with a total addressable market (TAM) estimated at…
Perhaps in a few years, humanoid robots will fill the halls of the Georgia World Congress Center during Modex week. But he is isolated in 2024, Digit supplies his chain show. This is proof that Agility is off to a healthy start against competitors such as Figure, Tesla, 1X, and Apptronik. This time last year, at Modex (Chicago's version of the conference), Digit held something of a launch party for industrial automation. A line of bipedal robots moved packages to a nearby conveyor belt at specific times throughout the week. This week in Atlanta, a rotating cast of eight Digits…
Cyberattacks, regional conflicts, weapons of mass destruction, terrorism, commercial spyware, AI, misinformation, disinformation, deepfakes, TikTok. These are just a few of the perceived threats facing the United States, according to the U.S. government intelligence community's latest global risk assessment. The unclassified report released on Monday (sanitized for public release) gives the U.S. intelligence community the threat it sees facing the U.S. mainland, based on a vast pool of information collected. It was a candid annual look at the collective thinking of the world. In an election year, America's top spies are increasingly citing emerging technology and cybersecurity as factors in…
Should artists whose work is used to train generative AIs like ChatGPT be compensated for their contributions? Peter Deng, vice president of consumer products at OpenAI, the developer of ChatGPT. When asked this afternoon on the main stage at SXSW, he didn't want to answer. “That's a great question,” said SignalFire venture partner (and former TechCrunch writer) Josh Constine, who interviewed Deng Xiaoping at a wide-ranging fireside. Some onlookers shouted, “Yes,” and Deng Xiaoping agreed. “I hear from the audience that they do that. I hear from the audience that they do that.” It is not surprising that Deng Xiaoping…
The Duchess of Cambridge herself has had to address the controversy following frenzied speculation that recent photos of Kate and her children were generated by AI. “Like many amateur photographers, I experiment with editing from time to time,” Middleton writes. statement. “We would like to apologize for any confusion caused by the family photo we shared yesterday.” Thank you for your warm wishes and continued support over the past two months. I hope everyone has a happy Mother's Day. C 📸 Prince of Wales, 2024 pic.twitter.com/6DywGBpLLQ — Prince and Princess of Wales (@KensingtonRoyal) March 10, 2024 There's something strange about…
Reddit's IPO plans are coming into focus in a new S-1 filing released Monday morning, setting an initial price range for the company's stock at $31 to $34 per share. If investors agree to pay that top price range, its valuation should reach about $5.4 billion. The lower end of this range is $31 billion, but based on the expected 158.98 million shares outstanding, Reddit would be worth $4.93 billion. Some companies estimate that their potential valuations, including options held by employees and others, could be close to or exceed $6 billion. In any case, everyone seems to believe that…
Block Party, a startup created by software engineer and tech diversity advocate Tracy Chow, was one of the victims of Twitter's (now Company X) API changes earlier this year, forcing it to pivot its business. I was forced to. At this weekend's SXSW conference in Austin, Chou announced a new product, Privacy Party, designed to help people more easily navigate and adjust their privacy settings across social networks like Facebook, Instagram, and LinkedIn. A glimpse of what Block Party is currently working on. , Reddit, X, etc. The original version of Block Party was built on top of Twitter's API…
Controversial eye-scanning startup WorldCoin has failed to obtain an injunction against a suspension ordered by Spain's data protection authority AEPD on Wednesday. The authority used emergency powers contained in the European Union's General Data Protection Regulation (GDPR) to issue the local order, which could apply for up to three months. Given the sensitivity of the biometric data collected and the potentially high risk to individual rights and freedoms, the company has issued a statement to WorldCoin's operator Tools for Humanity. He said he was taking precautions. It also raised specific concerns about risks to minors, citing complaints received. Today, the…
The cryptocurrency scene continues to be very hot, with Bitcoin hitting new highs one after another. It surpassed $72,700 on Monday. This was initially brought about by the approval of a Spot Bitcoin ETF, which has now been raised ahead of a “halving” event that will limit the amount of new supply circulating from Bitcoin miners. Bitcoin is up 9.5% over the past seven days and 50% for the month, according to data from CoinMarketCap. The total crypto market capitalization of all tokens rose 10% this week to $2.71 trillion, of which Bitcoin accounted for 52.7%. Of course, there is…
The debate over who runs OpenAI and how it is managed remains one of the hottest topics in the technology industry. Just recently, former co-founder and backer Elon Musk filed a lawsuit against the AI company, best known for its work with ChatGPT and Microsoft, for what he sees as an abandonment of its founding principles. The lawsuit sparked a heated debate among technology investors who own OpenAI stock.Is it a suit? In Vinod Khosla's opinion, it's just sour grapes.? Will his views harm open source AI research? Where? Does meta fit into the mix?? OpenAI is worth tens of…