Author: TechBrunch
In just a few days, France holds an artificial intelligence action summit, where the head of state is gathering in Paris to meet a global technical leader. They will probably publish some large investments and diplomatic agreements focusing on the safety of artificial intelligence and the impact on the environment. Prior to the summit, the initial VC company Galion.exe, the growth investment company Revaia, and the advisory company Chasson Partners formed a team to create a France AI report to examine the current trend of Tech Ecosystem. At present, all eyes are in the United States and China, and the…
Hitachi Ventures had a $ 400 million dollar for the fourth fund, exclusively to TechCrunch. The size of the new fund is a voting for trust in various deep high -tech verticals. The vast portfolio of a corporate VC imitates a limited partner portfolio, such as energy, manufacturing, biotechnology, and AI. “We are open on other groundbreaking opportunities,” stated, Managing Director and CEO Stephan Gabriel. “There are many quantums, nuclear, life science, and space technology. Not so large -we have a clear view of things that excite us in these fields.” Hitachi Ventures continues to invest in Series A. “It's…
During the fourth quarter of SNAP's revenue calls on Tuesday, CEO's Evan SpieGel stated that the uncertainty surrounding the Tiktok's future had a positive effect on business. “We are not trying to get too many conclusions from some of the engagement lift we saw. [TikTok] The short period became dark. I think the overall environment of uncertainty is making a profit for our business, “he said. Among the attractive features that attract users to Snapchat, there is Spotlight. This works as an alternative to Tiktok. If many creators are already on the platform and Tiktok returned to the United States…
PowerHouse Venture Firm Andreessen Horowitz has confirmed that it has hired Daniel Penny as an investor. Penny was a former Marine Corps in a trial last year, discovered that the death of a homeless man on the subway in New York was criminally charged with negligence. After the man acted irregularly, Penny hugged him with a chalk hold, and was asserted that he had died later. This case was biased in the country. Penny does not have an investment background, but A16Z will train him, according to the internal statement obtained by the free press that broke the news. Penny…
ISRAELI SPYWARE MAKER PARAGON SOLUTIONS has confirmed that TechCrunch sells products to US governments and other unspecified allies. “Paragon recognizes the technology in global democratic groups, mainly the United States and its allies,” said Paragon's executive secretary of John Fleming on TechCrunch on TeachCrunch. Fleming also demands that all users agree on the conditions that all users clearly prohibit illegal targeting of journalists and other civil society. There is a zero tolerance policy for such targeting and ends the relationship with customers who violate the Terms of Use. ” These comments were made on Friday after claiming that PARAGON's spyware…
A group of developers holding the AI DEV platform face, including the company's co -founder and chief scientist THOMAS WOLF, has built an open version of Openai's Deep Research Tool. Deep Research announced by Openai during Sunday events is a CRA to edit research reports on all subjects. Impressive, but now, deep -search is only available in previews limited to users who have subscribed to Openai's $ 200 Chatgpt Pro Plan. The hug face team project that calls the open deep -search is the “Agent Framework”, which is an AI model (O1 of OPENAI), a model planning to use tools…
A new app called Tapestry released on Tuesday will collect and organize information from the web and social networks in a single place. In a sense, like this generation of FriendFeed, a long -term attempt from Web 2.0 ERA is enough to consolidate feeds and social media updates in a single destination for discovery and discussion. I remember. However, FriendFeed encouraged the on -site discussion, built a unique social network, and finally attracted a Facebook acquisition, but TAPESTRY works better as a reader. The problem handled by the app is that the open social web grows more commonly as it…
The tech layoff wave continued through 2024. Following significant workforce reductions in 2022 and 2023, 2024 saw more than 150,000 job cuts across 542 companies, according to independent layoffs tracker Layoffs.fyi. Large companies like Tesla, Amazon, Google, TikTok, Snap, and Microsoft conducted sizable layoffs in 2024, while smaller-sized startups also experienced cuts, and in some cases, shut down operations altogether. We’re continuing to track the industry’s layoffs into 2025 so you can see the trajectory of the cutbacks. Later this year, we will break out our 2024 and 2025 lists in order to make the trends easier to parse. By…
Fintech-Turned-HR costume DEEL is trying to build the foundation for IPO. He said on Tuesday, the annual revenue operating rate increased 70 % in 2024 and then rose to $ 800 million. Startups help companies around the world to support employees remotely, manage, manage, and pay, selling $ 300 million vice shares to GENERAL CATALYST and unknown “Soblin Investors”, and investing early. He stated that he provided payment to his house. CNBC reported that an unnecessary investor was Mubadara's investment company, Abu Dhabi's Sobulinwealth Fund. The publication also reported that Deal is preparing to publish “as soon as possible next…
Four years after the fact that VC companies were accidentally launched, GTMFUND's founder and General partner Max Altschuler gathered the second $ 54 million funds. He was aiming for $ 50 million. GTMFUND is one of the “operator LED” funds. In other words, a limited partner investor is a successful high -tech company (known as a “operator” in VC terms) or who is currently working. “They have just been working in the current company, or have just finished running at a company whose profits have reached $ 200 to hundreds to hundreds of millions,” Altschurer tells TechnicCrunch. LPS contains people…