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Category Archives: Tech
Carried interest repeal could stifle investments in startups, NVCA says
On Thursday, President Trump asked Republican lawmakers to end tax breaks on carried interest. The tax break allows private equity and venture fund managers to treat their earnings from investments at a lower capital gains rate, rather than as ordinary … Continue reading
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Alphabet’s Verily to sell Granular insurance business to Elevance Health
Alphabet’s Verily is selling its subsidiary, Granular Insurance Company, to Elevance Health.
Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance
In its earnings report on Thursday, Amazon said the strong dollar is weighing on revenue, signaling the company is particularly exposed to currency swings.
Amazon plans to spend $100 billion this year to capture ‘once in a lifetime opportunity’ in AI
Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its spending spree on AI services.
Report: OpenAI’s ex-CTO, Mira Murati, has recruited OpenAI co-founder John Schulman
OpenAI co-founder John Schulman, who left AI company Anthropic earlier this week after a mere five months, is reportedly joining former OpenAI CTO Mira Murati’s secretive new startup, per Fortune. It’s not clear what Schulman’s role there will be. Fortune … Continue reading
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Orgs demand action to mitigate AI’s environmental harm
A group of more than 100 organizations has published an open letter calling on the AI industry and regulators to mitigate the tech’s harmful environmental impacts just days before leading industry CEOs, heads of state, academics, and nonprofits descend on … Continue reading
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‘Dangerous proposition’: Top scientists warn of out-of-control AI
Yoshua Bengio and Max Tegmark, two of the world’s most prominent AI scientists, warned of the dangers of uncontrollable artificial intelligence.
Amazon doubles down on AI with a massive $100B spending plan for 2025
Amazon is joining other Big Tech companies by announcing huge AI spending plans for 2025. © 2024 TechCrunch. All rights reserved. For personal use only.
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Doximity shares soar 21% after company beats on revenue, raises fiscal-year guidance
Doximity reported third-quarter fiscal 2025 results that beat analysts’ expectations for revenue and guidance.
Amazon Reports 88% Rise in Profits but Says Growth Could Slow
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.