Fintechs that raked in profits from high interest rates now face a key test

Fintechs like Revolut and Monzo got a revenue boost from higher interest rates. Now, they face a key test as rates decline.

Posted in Tech | Tagged | Comments Off on Fintechs that raked in profits from high interest rates now face a key test

US cuts tariffs on small parcels from Chinese firms like Shein and Temu

Chinese online retailers had previously relied on the “de minimis” loophole to ship low-value items to the US.

Posted in Tech | Tagged | Comments Off on US cuts tariffs on small parcels from Chinese firms like Shein and Temu

Anthropic co-founder Jared Kaplan is coming to TechCrunch Sessions: AI

Hungry to learn more about Anthropic, directly from Anthropic? You aren’t alone if so, which is why we’re so delighted to announce that Anthropic co-founder and Chief Science Officer Jared Kaplan is joining the main stage at TechCrunch Sessions: AI on June 5 at UC Berkeley’s Zellerbach Hall. And TechCrunch Sessions: AI is right around […]

Posted in Tech | Tagged | Comments Off on Anthropic co-founder Jared Kaplan is coming to TechCrunch Sessions: AI

Samsung launches thin S25 Edge as Apple reportedly prepares the iPhone ‘Air’

Samsung launched the Galaxy S25 Edge, a device that is just 5.8 millimeters thin and weighs 163 grams. The device starts at $1,099.

Posted in Tech | Tagged | Comments Off on Samsung launches thin S25 Edge as Apple reportedly prepares the iPhone ‘Air’

Elon Musk’s Boring Company Is in Talks With Government Over Amtrak Project

The Federal Railroad Administration has brought in the tunneling company to see if it could help with a multibillion-dollar rail project.

Posted in Tech | Tagged | Comments Off on Elon Musk’s Boring Company Is in Talks With Government Over Amtrak Project

Improvements in ‘reasoning’ AI models may slow down soon, analysis finds

An analysis by Epoch AI, a nonprofit AI research institute, suggests the AI industry may not be able to eke massive performance gains out of reasoning AI models for much longer. As soon as within a year, progress from reasoning models could slow down, according to the report’s findings. Reasoning models such as OpenAI’s o3 […]

Posted in Tech | Tagged | Comments Off on Improvements in ‘reasoning’ AI models may slow down soon, analysis finds

Coinbase shares spike as crypto exchange set to join S&P 500, replacing Discover Financial

Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired.

Posted in Tech | Tagged | Comments Off on Coinbase shares spike as crypto exchange set to join S&P 500, replacing Discover Financial

AllTrails debuts $80/year membership that includes AI-powered smart routes

AllTrails, the hiking and biking companion that was named 2023’s iPhone App of the Year, is launching a new premium membership called “Peak” that includes an upgraded feature set. This $80-per-year subscription will introduce AI tools to build custom routes, real-time trail condition forecasts, trail traffic heatmaps, and a feature that lets you identify trees […]

Posted in Tech | Tagged | Comments Off on AllTrails debuts $80/year membership that includes AI-powered smart routes

Microsoft Build 2025: What to expect, from Azure to Copilot upgrades

Microsoft is hosting its annual Build developer conference next week from May 19 to 22. The event is guaranteed to include announcements regarding new AI integrations, services, and apps, including for Windows. At last year’s Build, Microsoft announced an integration of Copilot into Microsoft Teams, Copilot+ AI-powered PCs, Windows Volumetric Apps for Meta Quest headsets, […]

Posted in Tech | Tagged | Comments Off on Microsoft Build 2025: What to expect, from Azure to Copilot upgrades

A VIP Seat at Donald Trump’s Crypto Dinner Cost at Least $2 Million

The largest holders of Donald Trump’s memecoin have secured spots at a private event with the US president himself. WIRED tracked how they did it.

Posted in Business | Tagged | Comments Off on A VIP Seat at Donald Trump’s Crypto Dinner Cost at Least $2 Million