Category: Crypto

Insurance has been fertile ground for artificial intelligence innovation, working as it does at the nexus of giant datasets, risk assessment, predictive analytics, fintech and customer service. Federato, a startup riding that momentum, has now raised $40 million to expand its business: an AI-powered underwriting platform to help insurers better understand and respond to risk. …

Manufacturing has been one of the hottest categories in venture this year, but there are still many innovative materials and processes yet to scale. One example is thermoset composites, materials widely used in aerospace and defense due to their high heat resistance and light weight, but which typically have long lead times and high prices…

When Brandon Contino and co-founder Dan Chi were developing Four Growers’ produce-harvesting robots, they practically lived in a greenhouse for an entire year. They coded at a small desk tucked in the back corner and discovered that fertilizer bags can be comfortable beds. “We actually started just running everything off a laptop, and I would…

Belgium-based Odoo decided to use open-source tools as a way to attack the enterprise resource planning (ERP) software market, going up against giants like SAP. Fast forward a couple of decades and it’s now picking up €500 million in secondary investment — or around $527M at current exchange rates — led by CapitalG (Alphabet’s venture…

AI labs traveling the road to super-intelligent systems are realizing they might have to take a detour. “AI scaling laws,” the methods and expectations that labs have used to increase the capabilities of their models for the last five years, are now showing signs of diminishing returns, according to several AI investors, founders, and CEOs…

As companies’ server infrastructure grows, they often run into challenges keeping tabs on the health of their various assets, like their cloud and local data centers. Monitoring tools, also known as observability tools, can help — but lots of tools can become overwhelming. According to one survey, seven in 10 organizations believe that monitoring is…

AI is finding its way into every corner of biotech and pharmaceutical research, but like other industries, it’s never quite as straightforward to implement as one would like. Converge Bio has built a tool for companies to make their biology-focused LLMs actually work, from “enriching” their data to explaining their answers. The company has raised…

An incident disclosure shared with Finastra’s banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only. ​ An incident disclosure shared with Finastra’s banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved.…

The U.K. no longer has a supercomputer in the top 50, according to new data from the Top500 project, which ranks the 500 most powerful non-distributed computer systems globally. The country’s current national supercomputer system, Archer2, is approaching end-of-life in 2026. According to the latest figures, it’s also now sitting in 62nd place globally, down…

Dual-use drone startup Tekever has raised €70 million ($74 million) to develop its product and expand into new markets, specifically the U.S.. The news is part of a trend of smaller tech-driven startups moving into markets normally dominated by large ‘defense primes’. It also shows that unmanned aerial drones are becoming far more sophisticated, in…