AI
CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers
4:23 am PDT • May 10, 2024
CoreWeave has formally opened an office in London that will serve as its European headquarters and home to two new data centers.
Featured Article
The Israeli startup has raised $5.5M for its platform that uses “statistical AI” to generate synthetic data that it says is as good as the real thing.
8:00 am PDT • May 9, 2024
Fintech
UK challenger bank Monzo nabs another $190M as US expansion beckons
5:30 am PDT • May 8, 2024
Monzo has raised another £150 million ($190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round comes just two months…
Crypto
FTX crypto fraud victims to get their money back — plus interest
2:53 am PDT • May 8, 2024
Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say that the vast majority of victims will receive their money back — plus interest. The…
AI
Microsoft and OpenAI launch $2M fund to counter election deepfakes
4:53 am PDT • May 7, 2024
Microsoft and OpenAI have announced a $2 million fund to combat the growing risks of AI and deepfakes being used to “deceive the voters and undermine democracy.” This year will…
Enterprise
EQT snaps up API and identity management software company WSO2 for more than $600M
10:50 am PDT • May 3, 2024
WSO2, a company that provides API and identity management services for enterprises, has been acquired by EQT for more than $600M.
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The ransomware attack that has engulfed U.S. health insurance giant UnitedHealth Group and its tech subsidiary Change Healthcare is a data privacy nightmare for millions of U.S. patients, with CEO Andrew Witty confirming this week that it may impact as much as one-third of the country. But it should also…
8:43 am PDT • May 3, 2024
Biotech & Health
Peloton to lay off 400 employees as CEO Barry McCarthy departs
4:27 am PDT • May 2, 2024
Peloton, the exercise equipment maker, said it is laying off 15% of its workforce as part of cost-cutting measures.
Security
Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake
3:55 am PDT • May 2, 2024
Digital fraud detection company BioCatch has a new majority shareholder in the form of U.K private equity firm Permira.
Government & Policy
OnlyFans hits UK regulator’s radar for age-verification failures around porn access
6:31 am PDT • May 1, 2024
Ofcom is investigating OnlyFans for failing to prevent children from accessing pornography through the platform.
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You know that mildly jarring experience whenever that well-known celebrity shows up in an entirely different context — e.g. a musician making a horror flick cameo; an NFL player rearing their head in a comedy series; or a Hollywood movie icon selling mobile phone plans on TV? Well, it’s starting…
7:00 am PDT • April 30, 2024
Featured Article
A lot has happened since Dev Ittycheria took the reins at MongoDB, the $26 billion database company he’s led as president and CEO since September 2014. Ittycheria has taken MongoDB to the cloud, steered it through an IPO, overseen its transition from open source, launched a venture capital arm, and…
8:00 am PDT • April 28, 2024
Media & Entertainment
Area man, Twilio co-founder Jeff Lawson, buys The Onion
7:29 am PDT • April 26, 2024
Jeff Lawson, co-founder and recently departed CEO of Twilio, is the proud new owner of satirical online newspaper The Onion.
Enterprise
Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal
5:07 am PDT • April 26, 2024
Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion.
AI
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic and Inflection
5:16 am PDT • April 24, 2024
The UK is launching initial enquiries into Amazon and Microsoft over partnerships with AI companies Mistral, Anthropic, and Inflection.
AI
Parloa, a conversational AI platform for customer service, raises $66M
3:00 am PDT • April 24, 2024
Conversational AI platform Parloa has nabbed $66 million in a Series B round, a year after it raised $21 million from a swathe of European investors to propel its international…
Featured Article
With the current iteration of its product going through its paces with a handful of beta customers, FlexAI will launch its first commercial product later this year.
10:37 pm PDT • April 23, 2024
AI
Why vector databases are having a moment as the AI hype cycle peaks
8:00 am PDT • April 20, 2024
Vector databases are all the rage, judging by the number of startups entering the space and the investors ponying up for a piece of the pie. The proliferation of large…
Government & Policy
Google fires 28 employees after sit-in protest over controversial Project Nimbus contract with Israel
3:41 am PDT • April 18, 2024
Google has terminated the employment of 28 staff following a prolonged sit-in protest at the company’s Sunnyvale and New York offices. The employees were protesting against Project Nimbus, a $1.2…
Social
Meta to close Threads in Turkey to comply with injunction prohibiting data sharing with Instagram
5:18 am PDT • April 15, 2024
Meta will “temporarily” shutter Threads in Turkey on April 29, in response to an injunction imposed by the country’s competition authority.
AI
OpenAI opens Tokyo hub, adds GPT-4 model optimized for Japanese
2:34 am PDT • April 15, 2024
OpenAI is expanding to Japan, with the opening of a new Tokyo office and plans for a GPT-4 model optimized specifically for the Japanese language. The move is significant for…
Featured Article
Reshape has developed a robotic imaging system replete with software and AI models to help scientists track visual changes from Petri dishes and similar plate formats.
4:32 am PDT • April 9, 2024
Enterprise
Vista Equity to take revenue optimization platform Model N private in $1.25B deal
6:03 am PDT • April 8, 2024
Model N, a platform used by companies such as Johnson & Johnson, AstraZeneca, and AMD to automate decisions related to pricing, incentives, and compliance, is going private in a $1.25…
AI
Microsoft AI gets a new London hub fronted by former Inflection and DeepMind scientist Jordan Hoffmann
2:31 am PDT • April 8, 2024
Microsoft has announced a new London hub for its recently unveiled consumer AI division. It will be fronted by Jordan Hoffmann, an AI scientist and engineer Microsoft recently picked up from…
Security
Open source foundations unite on common standards for EU’s Cyber Resilience Act
11:55 am PDT • April 2, 2024
Seven open source foundations are coming together to create common specifications and standards for Europe’s Cyber Resilience Act (CRA), regulation adopted by the European Parliament last month. The Apache Software…
AI
Google DeepMind CEO Demis Hassabis gets UK knighthood for ‘services to artificial intelligence’
11:24 am PDT • March 29, 2024
Demis Hassabis, CEO and one of three founders of Google’s artificial intelligence (AI) subsidiary DeepMind, has been awarded a knighthood in the U.K. for “services to artificial intelligence.” Ian Hogarth,…
Social
LinkedIn targets users caught between TikTok and what used to be Twitter
8:01 am PDT • March 28, 2024
Two weeks ago, TechCrunch broke the news that LinkedIn was getting into games, helping users “deepen relationships” through puzzle-based interactions. And on Wednesday, TechCrunch reported that the Microsoft-owned social network…
Featured Article
Not many startups can claim Apple, Google, Microsoft, Amazon and Meta as paying customers, but Confetti can. And the list doesn’t stop at a quintet with a collective market value of $10 trillion — the New York-based company says it works with Zoom, Netflix, Stripe, TikTok, Shopify, Adobe, LinkedIn, HubSpot…
8:18 am PDT • March 26, 2024
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A new report highlights the demand for startups building open source tools and technologies for the snowballing AI revolution, with the adjacent data infrastructure vertical also heating up. Runa Capital, a venture capital (VC) firm that left Silicon Valley and moved its HQ to Luxembourg in 2022, has published the…
12:00 am PDT • March 26, 2024
Featured Article
A Scottish company building one of the U.K.’s first all-electric intercity bus networks has raised $14 million (£11 million) in a Series A round as it looks to expand across the entire country. Building any bus network from scratch — electric or otherwise — isn’t something anyone can conjure up…
12:00 am PDT • March 26, 2024