A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($55 million) in Series A funding. Evroc, as it’s called, says it’s laying the foundations for a “secure, sovereign and

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OpenAI is facing another privacy complaint in Europe over its viral AI chatbot’s tendency to hallucinate false information — and this one might prove tricky for regulators to ignore. Privacy rights advocacy group

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Michael Seibel announced late Wednesday on X that after more than 12 years at the famed accelerator Y Combinator, he is transitioning to a “partner emeritus” role. Y Combinator CEO Garry Tan shared the news

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Debt collection in emerging markets often feels outdated, and can be costly — damaging borrower trust. As consumer lending surges and regulators push for fairer practices, legacy collection outfits are struggling to

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SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a chip designer founded by former Intel executive Renee James, through a $6.5 billion all-cash deal as a strategic move to broaden its

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Wiz’s $32 billion all-cash acquisition by Google parent Alphabet promises a colossal payday for the cybersecurity startup’s early-stage investors. The deal is a big win for Sequoia, one of the best-known VC firms,

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OpenAI has launched a more powerful version of its o1 “reasoning” AI model, o1-pro, in its developer API. According to OpenAI, o1-pro uses more computing than o1 to provide “consistently better responses.”

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Another consumer-grade spyware operation was hacked in June 2024, which exposed thousands of Apple Account credentials. © 2024 TechCrunch. All rights reserved. For personal use only.

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Noam Brown, who leads AI reasoning research at OpenAI, says “reasoning” AI models like OpenAI’s o1 could’ve arrived 20 years earlier had researchers “known [the right] approach” and algorithms. “There were various

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Some users on X are turning to Grok for fact-checking, raising concerns among fact-checkers. © 2024 TechCrunch. All rights reserved. For personal use only.

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