Author: TechBrunch
Climate change isn't just about removing carbon from the atmosphere or building more fuel-efficient cars. It also concerns the food we eat. This is the focus of Peak Bridge, a global fund manager in the agri-food tech sector. The company recently completed his $187 million capital commitment to PeakBridge Growth Fund II to invest in innovation in these areas. This will bring the company's total assets under management to over $250 million. Luxembourg-based PeakBridge is a member of the Edmond de Rothschild Private Equity Partnership. The company was founded in 2020 by general partners Eric Seaver and Nadav Berger. “We…
Accion, a global nonprofit organization, announced on Tuesday that Accion is a $152.5 million fund targeting large financial institutions, including microfinance, serving small and medium-sized businesses currently excluded from the global financial system. Announced the launch of the Digital Transformation Fund. The company said in a statement that it will provide these companies with growth capital and strategic support for their “digital transformation.” For more than 60 years, this nonprofit organization has been active in the financial services field. First, by developing and scaling solutions tailored to small business orders, smallholder farmers, and women. Second, we provide investment and advisory…
Meta's newest social network, Threads, is launching its own fact-checking program after piggybacking on Instagram and Facebook's networks for several months. Instagram chief Adam Mosseri said the company “recently” introduced the ability for fact checkers to evaluate and mark false content in threads. However, Mosseri did not provide details on when exactly the program was rolled out or whether it was limited to specific regions. It is also unclear which organizations are Thread Meta's fact-checking partners. We've asked the company for more information and will update the story if we hear back. The move appears to be primarily aimed at…
Ilya Sutskever, one of OpenAI's co-founders and longtime OpenAI chief scientist, has left the company. OpenAI CEO Sam Altman announced This news was posted by X on Tuesday evening. “This is very sad for me. Ilya is without a doubt one of the greatest minds of our generation, a leader in our field, and a dear friend,” Altman said. “Without him, OpenAI would not be what it is today. He has personally meaningful work to undertake, but I will forever be grateful to him for what he has done here.” I am deeply grateful to all of you and remain…
Google is reinventing itself for the AI era, introducing a new way to filter only text-based links as it provides an AI overview within search results. A new “Web” filter that appears at the top of the results page will allow users to filter text links in the same way they currently filter images, videos, news, and shopping. The news was announced on Tuesday Via Post to X During Google I/O, the company's developer conference, the company unveiled news such as AI-curated search results and an overview of AI in search, which marked a major shift at Google. We've released…
Google announced at the Google I/O 2024 developer conference on Tuesday that it will embed Gemini Nano, the smallest of its AI models, directly into the Chrome desktop client starting with Chrome 126. The company says this will allow developers to use on-device models to power their own AI capabilities. Google itself will also use this new feature to enhance features such as the existing “writing help” tool in his Workspace Lab in Gmail, for example. The company says recent work on WebGPU and WASM support in Chrome has enabled these models to run at reasonable speeds on a wide…
TLDR: During COVID lockdowns, FUBO reached a share price of $62.29. This time around, we estimate FUBO may reach a conservative share price between $20 – $30 if retail is able to maintain the momentum from similar stocks such as GME and AMC. The stock market is no stranger to volatility, and one of the most intriguing phenomena in recent years has been the short squeeze. A short squeeze occurs when a heavily shorted stock’s price begins to rise sharply, forcing short sellers to cover their positions by buying the stock, which in turn drives the price even higher. Fubo…
At the Google I/O developer conference on Tuesday, Google announced additions to the Firebase platform aimed at making it easier for developers to build AI-powered applications in JavaScript/TypeScript, including Go Support will be available soon. Firebase Genkit is an open source framework using the Apache 2.0 license that allows developers to quickly incorporate AI into new and existing applications. The Genkit use cases the company highlighted Tuesday include many of the standard generative AI use cases, such as content generation and summarization, text translation, and image generation. “Powerful, large-scale language models put AI-powered app features within reach, but building and…
Mobile app developers like Patreon and Grammarly are already integrating with Gemini Nano, the company's smallest AI model, the company announced Tuesday during its Google I/O 2024 developer keynote. The companies, along with other selected developers, were invited to work with Gemini Nano through an early access program announced last year, the company said. Google has announced that it will open up its Gemini Nano model to more developers in the coming months. As an example of how apps are working with Gemini, Google noted that crowdfunding site Patreon is building features that allow creators to “rapidly catch up” on…
Google announced that it has developed LearnLM, a new family of generative AI models that are “fine-tuned” for learning. The LearnLM model, a collaboration between Google's DeepMind AI research division and Google Research, is built on Google's Gemini model and is designed to “conversationally” guide students on a variety of topics. says Google. LearnLM is already powering features across Google products, including YouTube, Google's Gemini app, Google Search, and Google Classroom. “LearnLM is based on educational research and makes the learning experience more personal and engaging,” said James Manyika, SVP of Research, Technology, and Society at Google Research, at Google's…