Category: Enterprise
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WazirX halts withdrawals after losing $230 million, nearly half its reserves
The Mumbai-based firm said one of its multisig wallets had suffered a security breach, and it was temporarily pausing all withdrawals from the platform. © 2024 TechCrunch. All rights reserved. For personal use only. WazirX, a leading Indian crypto exchange, halted withdrawals Thursday after a security breach it called a “force majeure event” resulted…
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ChatGPT: Everything you need to know about the AI-powered chatbot
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies. That growth has propelled OpenAI itself into…
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Meta puts a halt to training its generative AI tools in Brazil
Meta has suspended the use of its AI assistant after Brazil’s National Data Protection Authority (ANPD) banned the company from training its AI models on personal data from Brazilians. The move puts a dent in Facebook’s attempt to build out its AI products in Brazil, a market with more than 200 million people. As cited…
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PE firm PartnerOne paid $28M for HeadSpin, a fraction of its $1.1B valuation set by ICONIQ and Dell Technologies Capital
Canadian private equity firm PartnerOne paid $28.2 million for HeadSpin, a mobile app testing startup whose founder was sentenced for fraud earlier this year, according to documents viewed by TechCrunch. The fire sale was reported by TechCrunch last week. HeadSpin’s 2023 revenue was $21 million and its Q1 2024 revenue stood at $5 million, the…
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Why it made sense for an online community college to raise venture capital
When Tade Oyerinde first set out to fundraise for his startup, Campus, a fully accredited online community college, it was incredibly difficult. VCs have backed for-profit education companies in the past, including Coursera and Udacity, but backing a more traditional two-year college is different. Plus, he was looking for funds a few years ago when…
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Waymo wants to bring robotaxis to SFO, emails show
Waymo would need a ground transportation permit to operate at SFO, which has yet to be approved. © 2024 TechCrunch. All rights reserved. For personal use only. Waymo is ramping up efforts to gain access to a lucrative robotaxi use case: pickups and drop-offs at the San Francisco International Airport, according to emails viewed…
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Elon Musk is now a villain in Joe Biden’s presidential campaign
Biden centering Musk in his campaign is a notable escalation, considering he spent most of his presidency seemingly pretending the billionaire didn’t exist. © 2024 TechCrunch. All rights reserved. For personal use only. Elon Musk has made it clear he doesn’t like Joe Biden. But since Musk officially endorsed and is reportedly financially backing…
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Apple Vision Pro debuts immersive content featuring NBA players, The Weeknd and more
Apple on Thursday announced its upcoming lineup of immersive video content for the Vision Pro. The list includes behind-the-scenes footage of the 2024 NBA All-Star Weekend, an immersive performance by The Weeknd, new series, films, concerts and more. The headset launched in February with more than 150 3D movies and immersive titles. Apple is adding…
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Fandango founder dies in fall from Manhattan skyscraper
J. Michael Cline, the co-founder of Fandango and multiple other startups over his multi-decade career, died after falling from a Manhattan hotel, New York’s Deputy Commissioner of Public Information tells TechCrunch. The New York Police Department responded to 911 calls from the Kimberly Hotel, a 30-story hotel on 50th street in midtown Manhattan on Tuesday…
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WHAM! Nuclear fusion experiment hits new record for magnet strength
Strong magnets are essential for the type of fusion power being pursued by Commonwealth Fusion Systems and a number of other startups. © 2024 TechCrunch. All rights reserved. For personal use only. A nuclear fusion experiment at the University of Wisconsin-Madison has set a record for the strongest steady magnetic field confining a plasma,…