Category: Enterprise
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When a big company comes after a hot startup, it’s not a slam dunk decision to sell
We spoke to Harness CEO and founder Jyoti Bansal about his previous company, which Cisco bought for $3.7 billion in 2017. © 2024 TechCrunch. All rights reserved. For personal use only. Rumors first surfaced last month that Google was going after cloud security startup Wiz and a $23 billion offer was on the table,…
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Zuckerberg and Jensen show off their friendship, while an AI necklace covets yours
A fireside chat between Jensen Huang and Mark Zuckerberg at SIGGRAPH 2024 took some unexpected turns. What started as a conversation about the capabilities of Nvidia GPUs and Zuckerberg’s vision of an AI chatbot future quickly became a more casual affair — including a swap of custom-made jackets, a rare F-bomb from the Meta CEO,…
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Warren Buffet’s Berkshire Hathaway sells half its Apple stock
Warren Buffett’s Berkshire Hathaway cut its Apple holding by around half, to $84.2 billion, according to an SEC filing. While Apple remains the firm’s largest stock holding by far, Buffett had already reduced its stake by 13 percent earlier this year, hinting that he didn’t mind selling “a little Apple” for tax reasons. Berkshire Hathaway…
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Character.AI CEO Noam Shazeer returns to Google
In a big move, Character.AI co-founder and CEO Noam Shazeer is returning to Google after leaving the company in October 2021 to found the a16z-backed chatbot startup. In his previous stint, Shazeer spearheaded the team of researchers that built LaMDA (Language Model for Dialogue Applications), a language model that was used for conversational AI tools. Character.AI co-founder Daniel…
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Self-driving truck startup Aurora Innovation raises $483M in share sale ahead of commercial launch
Self-driving technology company Aurora Innovation was hoping to raise hundreds of millions in additional capital as it races toward a driverless commercial launch by the end of 2024. The company, which had arranged to sell up to $420 million worth of shares, exceeded its goal and raised $483 million. The newly raised funds come a little…
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How the theft of 40M UK voter register records was entirely preventable
A scathing rebuke by the U.K. data protection watchdog reveals what led to the compromise of tens of millions of U.K. voters’ information. © 2024 TechCrunch. All rights reserved. For personal use only. A cyberattack on the U.K. Electoral Commission that resulted in the data breach of voter register records on 40 million people…
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Rediff, once an internet pioneer in India, sells majority stake for $3M
Payments infrastructure firm Infibeam Avenues has acquired a majority 54% stake in Rediff.com for up to $3 million, a dramatic twist of fate for the 28-year-old business that was the first Indian internet firm to list on Nasdaq back in the year 2000. Founded in 1996, Rediff rode the initial dot-com wave to become one…
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Self-driving truck startup Aurora Innovation to sell up to $420M in shares ahead of commercial launch
Self-driving technology company Aurora Innovation is looking to raise hundreds of millions in additional capital as it races toward a driverless commercial launch by the end of 2024. Aurora is pursuing a driver-as-a-service model, wherein carriers purchase trucks with the Aurora Driver tech on board and then offer their services via those trucks to shippers.…
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Pharma giant Cencora is alerting millions about its data breach
The pharma giant won’t say how many patients were affected by its February data breach. A count by TechCrunch confirms that over a million people are affected. © 2024 TechCrunch. All rights reserved. For personal use only. Cencora has so far notified over a million people around the U.S. that their personal and protected…
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TechCrunch Minute: Why did Wiz walk away from $23 billion?
As widely reported, Wiz recently said no to a $23 billion acquisition offer from Google. At that price, it would have been Google’s biggest acquisition ever. It’s possible the Google team got cold feet during due diligence, or there may have been concerns that regulators would have challenged an acquisition of this size. But all…