Category Archives: Tech

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Tencent-backed Airwallex hits $500 million annualized sales, aims to get IPO-ready by 2026

Payments startup Airwallex has reached an annual revenue run rate of $500 million and will be ready for an IPO by 2026, CEO Jack Zhang told CNBC.

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Video of Eric Schmidt blaming remote work for Google’s woes mysteriously vanishes

Former Google CEO Eric Schmidt, who has since moved on to greener and perhaps more dangerous pastures, told an audience of Stanford students recently that “Google decided that work-life balance and going home early and working from home was more … Continue reading

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Meet Black Forest Labs, the startup powering Elon Musk’s unhinged AI image generator

Elon Musk’s Grok released a new AI image generation feature on Tuesday night that, just like the AI chatbot, has very few safeguards. That means you can generate fake images of Donald Trump smoking marijuana on the Joe Rogan Show, … Continue reading

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Filmmakers say AI will change the art — perhaps beyond recognition

One of the first topics tackled was the impractical nature of today’s video generators. © 2024 TechCrunch. All rights reserved. For personal use only.

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Biden tells creators they have something traditional media does not: ‘You’re trusted’

At the first ever White House Creator Economy Conference, the most popular man to drop by was not a TikTok superstar or a YouTube sensation. It was President Joe Biden, who emphasized social media creators’ role in shaping public opinion. … Continue reading

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NEA led a $100M round into Fei-Fei Li’s new AI startup, now valued at over $1B

World Labs, a stealthy startup founded by renowned Stanford University AI professor Fei Fei Li, has raised two rounds of financing  two months apart, according to multiple reports. The latest financing was led by NEA and valued the company at … Continue reading

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Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter

Cisco reported its third straight quarter of declining revenue and announced a large restructuring plan that will result in $1 billion in pre-tax charges.

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CBA’s x15ventures Set to Lead in Fintech AI Innovation

CBA’s x15ventures is transforming fintech AI with its Xccelerate program, boosting innovation and setting new industry benchmarks in AI technology.

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Microsoft Patched 6 Actively Exploited Zero-Day Flaws

Patch Tuesday brought updates for 90 security vulnerabilities, including patching severe remote code execution vulnerabilities and closing some doors in Chromium.

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Sonos CEO Patrick Spence confirms 100-person layoff

Roughly one week ago during an earnings call, the chief executive addressed ongoing issues with Sonos’ mobile app. © 2024 TechCrunch. All rights reserved. For personal use only.

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