Meta’s deal to sort-of but not really acquire AI startup Scale, giving it 49% ownership, is certainly unusual.
Clay secures a new round at a $3B valuation, sources say
The sales automation startup doubles its valuation a month after launching a tender offer at $1.5 billion.
New York passes a bill to prevent AI-fueled disasters
New York has a new AI safety bill that tries to regulate frontier AI models from OpenAI, Google, and Anthropic.
Meta teams with XGS Energy to build a 150 MW geothermal power plant
Meta is the latest tech company to warm to geothermal energy, announcing on Thursday a deal with startup XGS Energy to develop a 150 megawatt geothermal power plant in New Mexico.
Bluesky backlash misses the point
Not only is Bluesky more than just a Twitter/X alternative, it’s just one app in a wider social ecosystem built on open technology.
The Meta AI app is a privacy disaster
Meta does not indicate to users what their privacy settings are as they post, or where they are even posting to. So, if you log into Meta AI with Instagram, and your Instagram account is public, then so too are your searches.
After a string of successes, early-stage fund Felicis raises fresh $900M
Lately, Felicis, like most VCs, has been all over AI. Its portfolio now includes, for example, Browser Use, Poolside, Runway, and Supabase.
Scale AI confirms ‘significant’ investment from Meta, says CEO Alexanr Wang is leaving
Data-labeling firm Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion.
Sam Altman-backed Coco Robotics raises $80M
Coco Robotics has made more than 500,000 deliveries with its zero-emissions robots since they hit the streets in 2020.
Europe, we’re not leaving. Period.
There are some headlines making the rounds claiming that TechCrunch is “pulling out of Europe” and shuttering its coverage of European startups. This is flat-out wrong. It misrepresents who we are, what we do, and — most of all — what we believe. The recent changes at TechCrunch are not about retreat. They are about […]