Technology news from around theworld. Find out what’s happening and why it matters
Meta’s social network Threads is experimenting with a feature that will let you schedule posts, Instagram head Adam Mosseri said. Users who will get to test this feature won’t be able to schedule replies. “We want to balance giving people more control to plan their Threads posts while still encouraging real-time conversations,” he said. People […]
Threads is testing a post scheduling feature Read More »
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. This remains
India’s MobiKwik surges 82% in market debut Read More »
A U.S. court ruled in August that Google has a search monopoly, and while Google appeals, the Justice Department is figuring out what kind of potential penalties to impose — like breaking off Chrome. As part of this process, the DOJ wants to call on a specific witness, according to a recent court filing: Dmitry
The DOJ wants a Perplexity executive to testify in its Google antitrust case Read More »
It’s been a wild week for investors clawing their way into Databricks’ record-breaking $10 billion fund raising, one of the VCs leading the deal told TechCrunch. “There were calls that went well late into the night, and that’s okay, that’s how good opportunities emerge,” George Mathew, managing director at Insight Partners described with a grin. Along
Insight VC describes Databricks’ wild $10B deal and the bad advice the CEO ignored Read More »
Cloud software giant Salesforce is looking to hire thousands of new salespeople to sell its AI tools to customers. The company plans to hire 2,000 new sales representatives, according to CNBC, which cited remarks from CEO Marc Benioff at a company event Tuesday. This doubles the hiring plans that Benioff shared with Bloomberg last month.
Salesforce plans to hire 2,000 people to sell its AI products Read More »
OpenAI says it has no plans to release an API for Sora, its AI model that can generate reasonably realistic videos when provided with a text description or reference image. During an AMA with members of OpenAI’s dev team, Romain Huet, head of developer experience at OpenAI, said that a Sora API isn’t in the
OpenAI says it has no plans for a Sora API — yet Read More »
Grubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame Raoul over unlawful practices, including misleading customers about delivery costs, deceiving drivers about potential earnings, and listing restaurants on its platform without their permission. The agencies claim that Grubhub hid the true cost of its delivery
Grubhub to pay $25M for ‘deceptive’ practices against customers, drivers Read More »
Earlier this year, IVP general partner Tom Loverro, proclaimed that the post-pandemic downturn is over, and companies that made it this far should prioritize growth over cost-cutting. Yet, the companies still struggling to raise their next round of financing at a higher valuation or survive altogether could still be in the thousands, according to Brian
AI boom masks fundraising struggles for non-AI startups Read More »
A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing of Bob Lee, the Cash App creator and former CTO of Block, according to NBC Bay Area on Tuesday. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated. Lee was
Bob Lee verdict: Cash App creator’s killer found guilty of second-degree murder Read More »
Commonwealth Fusion Systems will build its first commercial-scale power plant just outside of Richmond, Virginia, the company announced today, with a goal of hooking it up to the grid in the early 2030s. Fusion power has long been derided as being decades away, but the new milestone assumes the possibility of commercial operations within the
