Category: Enterprise
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Amazon upgrades its AI image generator
Amazon has released an upgraded version of its in-house image-generating model, Titan Image Generator, for AWS customers using its Bedrock generative AI platform. Simply called Titan Image Generator v2, the new model brings with it several new capabilities, AWS principal developer advocate Channy Yun explains in a blog post. Users can “guide” the images they…
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Google Assistant lives to automate another day
With new Pixel devices just over the horizon, Assistant’s days on Android may still be numbered. For the time being, however, it still has a place on the home. © 2024 TechCrunch. All rights reserved. For personal use only. Google Assistant’s fate has been an open question for more than a year now. Once…
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Rivian lost $1.46B in Q2 as it drives toward a VW-linked future
Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost-efficient versions — a sign of just how much the company could use the $5 billion it could get as part of a recently announced deal with Volkswagen Group. The company…
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Airbnb details plans to expand beyond short-term rentals, including co-hosting and relaunching ‘experiences’
Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by becoming known for doing more…
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Jumia plans to raise more than $100 million in secondary shares to drive stalled user growth
African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCrunch has learned. The at-the-market transaction is to take advantage of strong results despite a volatile market. Given Jumia’s share price of around $5.70 when the stock market opened on Tuesday, the e-commerce company could potentially raise approximately…
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Secretaries of state urge X to stop its Grok chatbot from spreading election misinformation
Grok — not to be confused with the homophonic AI startup Groq that this morning raised over $600 million — has been spreading false information about Vice President Kamala Harris on X, the social network formerly known as Twitter. That’s according to an open letter penned by five secretaries of state and addressed to Tesla,…
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OpenAI co-founder Schulman leaves for Anthropic, Brockman takes extended leave
John Schulman, one of the co-founders of OpenAI, has left the company for rival AI startup Anthropic. In addition, OpenAI president and co-founder Greg Brockman is taking an extended leave — through the end of the year — after nine years at the company to “relax and recharge,” the company confirmed. Peter Deng, a product…
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India’s EtherealX puts $5M seed toward fully reusable launch vehicles
Indian space-tech startup EtherealX aims to test its fully reusable medium-lift vehicle in 20. © 2024 TechCrunch. All rights reserved. For personal use only. EtherealX, an Indian space startup, has raised $5 million in a seed funding round as it plans to develop fully reusable medium-lift launch vehicles, making satellite launches cost-effective and time-efficient.…
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UK’s Riverlane scores $75M to correct quantum errors
Quantum computing may still largely be in the theoretical domain, but the money that it’s attracting is very real. © 2024 TechCrunch. All rights reserved. For personal use only. Quantum computing may still largely be in the theoretical domain, but the money that it’s attracting is very real. Riverlane, a specialist in quantum error…
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GrubMarket has acquired Good Eggs
Sources with knowledge of the deal said it was an all-stock transaction that valued Good Eggs slightly above its previous valuation of $22 million. © 2024 TechCrunch. All rights reserved. For personal use only. More consolidation is taking place in the world of online food delivery. TechCrunch has learned and confirmed that GrubMarket —…