Category: Enterprise
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From Brex exec to venture capitalist
Welcome to TechCrunch Fintech! This week, we’re looking at a Brex exec’s jump to join venture firm a16z, Klarna selling off its payments unit and some mega-raises. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 7:00 a.m. PT, subscribe here. The big story Ali Rathod-Papier…
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The RIAA’s lawsuit against generative music startups will be the bloodbath AI needs
Unfortunately for Udio and Suno, the RIAA has a few thousand smoking guns in the lawsuit: songs it owns that are clearly being regurgitated by the music models. © 2024 TechCrunch. All rights reserved. For personal use only. Like many AI companies, Udio and Suno relied on large-scale theft to create their generative AI…
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OpenAI buys a remote collaboration platform
The Multi deal seems to fit into OpenAI’s broader recent strategy of investing heavily in enterprise solutions. © 2024 TechCrunch. All rights reserved. For personal use only. OpenAI is on an M&A tear. Days after acquiring database tech firm Rockset, OpenAI has purchased Multi (previously Remotion), a startup developing an enterprise-focused, video-first collaboration platform.…
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Telegram says it has ‘about 30 engineers’; security experts say that’s . . . not good
Telegram’s founder Pavel Durov says his company only employs around 30 engineers. Security experts say that raises serious questions about the company’s cybersecurity. © 2024 TechCrunch. All rights reserved. For personal use only. Over the weekend, a clip from a recent interview with Telegram’s founder Pavel Durov went semi-viral on X (previously Twitter). In…
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A comprehensive list of 2024 tech layoffs
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized…
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TechCrunch Space: Building (and testing) for the future
It’s becoming a habit to open each TechCrunch Space newsletter with a bit of an update on Boeing’s Starliner mission, so bear with me. © 2024 TechCrunch. All rights reserved. For personal use only. Hello and welcome back to TechCrunch Space. It’s becoming a habit to open each TechCrunch Space newsletter with a bit…
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India’s Zyod raises $18M to expand its tech-enabled fashion manufacturing to more countries
The Gurugram-based startup works with Indian factories to help them manufacture fashion wear for global brands. © 2024 TechCrunch. All rights reserved. For personal use only. Zyod is an Indian startup offering its tech platform to global fashion brands to help them in their entire design-to-delivery process. It has raised $18 million in a…
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TechWolf raises $43M to take an AI-sized bite out of the internal recruiting game
TechWolf has built an AI engine that ingests data from internal workflows to learn about the people doing that work. © 2024 TechCrunch. All rights reserved. For personal use only. Layoffs continue to buffet the world of technology, but with the need for tech talent in organizations only growing, there’s a bigger focus on…
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Apple shelved the idea of integrating Meta’s AI models over privacy concerns, report says
Days after the Wall Street Journal reported that Apple and Meta were in talks to integrate the latter’s AI models, Bloomberg’s Mark Gurman said that the iPhone maker was not planning any such move. Apple briefly held talks with Meta about the possibility of a partnership way back in March, according to Bloomberg. This was…
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Connect Money scores $8M to enable non-bank businesses to offer embedded finance services
Banking-as-a-service (BaaS) platforms are instrumental in driving access to digital financial services by introducing fintech capabilities to non-bank businesses. Multiple businesses are tapping these platforms to circumvent the need to build their own tech infrastructure and the bureaucratic processes of acquiring the requisite regulatory approvals to offer financial services including card payments and lending. Globally,…