Category: Enterprise
-
Cloud infrastructure revenue approached $80 billion this quarter
The cloud infrastructure market has put the doldrums of 2023 firmly behind it with another big quarter. Revenue continues to grow at a brisk pace, fueled by interest in AI. Synergy Research reports revenue totaled $79 billion for the quarter, up $14.1 billion or 22% from last year. This marked the third consecutive quarter that…
-
Yelp’s lack of transparency around API charges angers developers
When the developers replied to the July 19 email, Yelp sent a deck of pricing tiers with base pricing starting from $229 per month for a limit of 1,000 API calls per day. © 2024 TechCrunch. All rights reserved. For personal use only. On July 19, Yelp informed select indie developers that they would…
-
Adept Materials’ dehumidifying paint was inspired by trees and semiconductors
The startup developed a two-material system that helps homes self-regulate their internal humidity. © 2024 TechCrunch. All rights reserved. For personal use only. The steam that condenses on your bathroom mirror may not seem like a big deal, but for architects and builders, it can be an enormous headache. “Moisture control is something that…
-
Acquiring AI talent wholesale
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. This week we are looking at acquisitions of small startups, two new unicorns, wearable AI devices, and VCs who are supporting Kamala Harris. Let’s get into it. Most interesting startup stories from the week With the IPO…
-
FTC and Justice Department sue TikTok over alleged child privacy violations
The U.S. Federal Trade Commission and the Justice Department are suing TikTok and ByteDance, TikTok’s parent company, with violating the Children’s Online Privacy Protection Act (COPPA). The law requires digital platforms to notify and obtain parents’ consent before collecting and using personal data from children under the age of 13. In a press release issued…
-
Microsoft now lists OpenAI as a competitor in AI and search
Microsoft has a long and tangled history with OpenAI, having invested a reported $13 billion in the ChatGPT maker as part of a long-term partnership. As part of the deal, Microsoft runs OpenAI’s models across its enterprise and consumer products and is OpenAI’s exclusive cloud provider. However, the tech giant called the startup a “competitor”…
-
How filming a cappella concerts and dance recitals led Northzone’s newest partner Molly Alter to a career in VC
Molly Alter wears a lot of hats. She’s a mocumentary filmmaker working on a project about an alternate reality where charades is big business. She’s a caesar salad connoisseur and documents her rankings of different restaurants’ attempts on a blog called JULIUS. She’s also Northzone’s newest partner. Alter’s path to venture capital was not an…
-
AI music startup Suno claims training model on copyrighted music is ‘fair use’
Following the recent lawsuit filed by the Recording Industry Association of America (RIAA) against music generation startups Udio and Suno, Suno admitted in a court filing on Thursday that it did, in fact, train its AI model using copyrighted songs. But it claimed that doing so was legal under the fair-use doctrine. The RIAA filed the lawsuit…
-
Intel to lay off 15,000 employees
Intel announced it would layoff more than 15% of its staff, or 15,000 employees, in a memo to employees on Thursday. The massive headcount is part of a large plan to reduce spending by $10 billion in 2025, following a dismal second quarter earnings report and outlook. “Our revenues have not grown as expected –…
-
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…