AI-powered search engine Perplexity has reportedly closed a $500 million funding round, valuing the startup at $9 billion. Bloomberg, citing sources familiar, reports that the round was led by Institutional Venture Partners, and that it closed earlier in December. In an email to TechCrunch, a Perplexity spokesperson declined to comment. The mammoth tranche comes as…
Category: In Brief
dma apple vs meta, dma interoperability, Europe, Global Security News, Government & Policy, In Brief, privacy, Social
Apple and Meta go to war over interoperability vs. privacy
Apple and Meta are warring in Europe over the balance between interoperability and privacy, Reuters reports. The fight focuses on the European Union’s Digital Markets Act (DMA), a competition regulation that requires designated gatekeepers (including Apple and Meta) not to restrict rivals’ access to so-called core platform services. In Apple’s case, this means: iOS, iPadOS,…
electric vehicles, EVs, Global IT News, Global Security News, In Brief, Rivian, Transportation
Rivian EVs finally get YouTube, Google Cast, and SiriusXM
Rivian has released a new software update to its vehicles that brings some long-awaited apps to its in-vehicle experience. Owners who update their R1S SUV or R1T pickup truck can now use YouTube (while parked) or SiriusXM (with a subscription). The company is also adding Google Cast functionality. That also can only be used while…
Bluesky, Data Privacy, Global IT News, Global Security News, In Brief, social media startups, Venture
With 25M users, Bluesky gets a $1M fund to take on social media and AI
The fund will offer grants to those building on BlueSky’s open source AT Protocol. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Global IT News, Global Security News, In Brief, nonprofit, openai, report
OpenAI may pay its nonprofit arm ‘billions of dollars’ in conversion to for-profit
OpenAI’s transition away from a for-profit corporation that’s governed by a nonprofit board is well underway — and the nonprofit could be compensated royally for it. That’s according to The New York Times, which reports that OpenAI is in discussions to pay the nonprofit billions of dollars for it to cede control. There’s pressure to…
Europe, Global Security News, In Brief, Media & Entertainment, netflix gdpr, noyb netflix, privacy
Five years later… Netflix hit with Dutch data access fine
Five years later sounds like a half-baked sequel to a well-known zombie flick franchise. But it’s a reference to how long it’s taken a data access complaint against Netflix to deliver a penalty decision in the European Union. The fine that’s — finally — been issued under the bloc’s General Data Protection Regulation (GDPR) is…
Apps, Federal Trade Commission, FTC, Global IT News, Global Security News, Government & Policy, grubhub, In Brief
Grubhub to pay $25M for ‘deceptive’ practices against customers, drivers
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…
AI, Big Data, big data analytics, data, Databricks, Enterprise, Funding, Fundraising, Global Security News, In Brief
Databricks raises $10B as it barrels toward an IPO
Databricks, the data analytics platform, has raised $10 billion in a funding round that values the company at $62 billion (up from $43 billion). Backers include Thrive Capital, Andreessen Horowitz, DST Global, GIC, and Iconiq Growth. The round is one of the largest venture rounds in history, and will drive future future mergers and acquisitions,…
Apps, Automattic, Enterprise, Global IT News, Global Security News, In Brief, pineapple pizza, TC, wordpress
Pineapple on pizza is delicious — and if you disagree, you can’t log in to WordPress.org
There are few matters in life that divide a room more than the prudence of putting pineapple on pizza. But if you’re of the persuasion that tropical fruit has no place on a pie, you’ll have to swallow a bitter pill — if you want to access the WordPress.org developer portal and forum, at least.…
cambridge analytica settlement, Global IT News, Global Security News, Government & Policy, In Brief, meta cambridge analytica australia, privacy, Social
Meta to set up $50M privacy payment scheme to settle Australian proceeding
Meta has agreed to a $50 million payment program to settle a long-running proceeding in Australia related to misuse of information for political ad targeting, the country’s information watchdog OAIC announced Tuesday. The settlement concerns the 2018 Cambridge Analytica scandal, when data on millions of Facebook users was exfiltrated without their knowledge or consent by…
bytedance, Global Security News, Government & Policy, In Brief, North America, Social, TikTok, TikTok Ban
TikTok asks Supreme Court for a lifeline as sell-or-ban deadline approaches
TikTok and ByteDance asked the United States Supreme Court to block the law that forces TikTok to be sold off or banned in the United States, according to an emergency filing with America’s top court on Monday. The social media company requested that the Supreme Court consider blocking the sell-or-ban law passed earlier this year…
AGI, AI, generative ai, Global IT News, Global Security News, Ilya Sutskever, In Brief, openai, safe superintelligence, ssi, superintelligence
OpenAI co-founder Ilya Sutskever believes superintelligent AI will be ‘unpredictable’
OpenAI co-founder Ilya Sutskever spoke on a range of topics at NeurIPS, the annual AI conference, Friday afternoon before accepting an award for his contributions to the field. Sutskever gave his predictions for “superintelligent” AI, AI more capable than humans at many tasks, which he believes will be achieved at some point. Superintelligent AI will…
AI, amd, Enterprise, Funding, Fundraising, generative ai, Global IT News, Global Security News, In Brief, Liquid AI, liquid neural networks, startup, Startups
Liquid AI just raised $250M to develop a more efficient type of AI model
Liquid AI, an AI startup co-founded by robotics luminary Daniela Rus, has raised $250 million in a Series A led by AMD. Per Bloomberg, the round values Liquid AI at over $2 billion. Liquid AI aims to build general-purpose AI systems powered by a relatively new type of AI model called a liquid neural network. Liquid…
Fleet Space Technologies, Global IT News, Global Security News, In Brief, Space
Fleet Space raises $100M to scale satellite-enabled mineral prospecting tech
Late-stage deals in space have been on the decline this year, but one notable exception is Fleet Space Technologies’ $100 million Series D. The Adelaide, Australia-based startup raised the new funding to accelerate the development of ExoSphere, a platform to enable real-time mineral prospecting from space. The company currently has two satellites in low Earth…
autonomous vehicles, Elon Musk, Global IT News, Global Security News, In Brief, Tesla, Transportation, zoox
Tesla’s loss is Zoox’s gain
Zoox co-founder and CTO Jesse Levinson told the crowd at TechCrunch Disrupt 2024 that he didn’t think Tesla would launch a robotaxi ride-hailing service in California (or anywhere else) next year, despite what Elon Musk had claimed. The “fundamental issue is they don’t have technology that works,” he said at the time. But it seems that…