Category: Crypto

Instagram head Adam Mosseri on Friday addressed the moderation issues that saw Instagram and Threads users losing access to their accounts, having posts disappear, and more, saying that the company “found mistakes” that it’s attributing to human moderators. The company did not initially blame faulty AI systems, as many believed would be the case. In…

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. It was once again the private market that generated the most funding-related news in the startup world this week, both for companies and for funds. But it…

Fearless Fund has made a big move since it settled a lawsuit with the American Alliance for Equal Rights (AAER).  The firm announced on Thursday a seven-figure investment into the e-commerce platform Zimi, co-founded by Audrey Djiya and Peter Nsaka. Zimi offers inventory management, handling and storage, and border logistics specifically to help businesses in…

As hurricanes batter the Atlantic and Gulf coasts of the United States, many people’s livelihoods are on hold and they’re struggling to make ends meet. The FCC just decided that anyone affected by a natural disaster can get a break on broadband and mobile service; it’s not much, but every little bit counts. The Lifeline…

Khosla Ventures has raised $405 million for OpenAI, according to a regulatory filing. Based on the filing alone, Khosla’s stake in the ChatGPT maker appears to be at least 6% of the $6.6 billion round the company closed last week. But that doesn’t mean Khosla has put substantial or any capital into the round. The…

A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024. © 2024 TechCrunch. All rights reserved. For personal use only. ​ The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than…

In the first half of 2024 alone, more than $35.5 billion was invested into AI startups globally. © 2024 TechCrunch. All rights reserved. For personal use only. ​ For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category. AI deals continued to dominate venture funding during the third…

How do machine learning models do what they do? And are they really “thinking” or “reasoning” the way we understand those things? This is a philosophical question as much as a practical one, but a new paper making the rounds Friday suggests that the answer is, at least for now, a pretty clear “no.” A…

Anthropic CEO Dario Amodei wants you to know he’s not an AI “doomer.” At least, that’s my read of the “mic drop” of a ~15,000 word essay Amodei published to his blog late Friday. (I tried asking Anthropic’s Claude chatbot whether it concurred, but alas, the post exceeded the free plan’s length limit.) In broad…

Arne Schepker, the CEO of the popular Berlin-based language learning platform Babbel, is stepping down, and the company’s co-founder and former CEO Markus Witte is stepping back in to lead the company “into a new phase while searching for Arne’s successor with patience,” the company said. This new phase, unsurprisingly, will involve AI. Witte will not…