Author: Naveed Ahmad

Transfer over, PayPal mafia: There’s a brand new tech mafia in Silicon Valley. OpenAI, the startup behind ChatGPT, is arguably the largest AI participant on the town. The corporate is reportedly now in talks to finalize a $100 billion deal, valuing the firm at greater than $850 billion.   Many workers have come and gone because the firm first launched a decade in the past, and some have launched startups of their very own. Amongst these, some have develop into high rivals (like Anthropic), whereas others, simply on investor curiosity alone, have managed to lift billions with out even launching a product (see Considering Machines Lab).   In January, Aliisa Rosenthal, OpenAI’s first gross sales chief, spoke somewhat bit about this rising community.…

OpenAI appears to have discovered product-market match with younger Indians. The corporate mentioned on Friday that customers between 18 and 24 years of age accounted for almost 50% of messages despatched to ChatGPT within the nation, and customers below 30 accounted for 80%. The AI lab mentioned Indians use ChatGPT largely for work, with 35% of all messages regarding skilled duties, in comparison with 30% globally. Particularly, the corporate’s coding assistant, Codex, is seeing sturdy traction: OpenAI mentioned Indians use Codex 3 times greater than the worldwide median, and weekly utilization has elevated by 4 instances for the reason that…

Tremendous Early Chook pricing for TechCrunch Disrupt 2026 ends February 27 at 11:59 p.m. PT. That is your remaining window to lock within the lowest ticket costs of the 12 months. If Disrupt has been in your must-attend listing, now could be the time to behave. Save as much as $680 in your move or safe as much as 30% off with group passes. Register now earlier than costs enhance. Why founders, VCs, and operators maintain coming again to Disrupt From October 13–15, San Francisco’s Moscone West will change into the worldwide epicenter of tech. Disrupt is a curated, three-day expertise constructed to maximise…

Peak XV introduced on Friday that it has raised $1.3 billion throughout new India and Asia-focused funds. The agency, which now manages greater than $10 billion in belongings, is sharpening its give attention to synthetic intelligence and cross-border bets amid intensifying competitors for offers within the area. The capital shall be deployed throughout its India seed and enterprise funds in addition to its APAC car. A majority is earmarked for India, with the agency anticipating to speculate the pool over the following two to 3 years, managing director Shailendra Singh mentioned in an interview on Friday. Peak XV break up…

AI expands entry to filmmaking for resource-constrained creators. However as effectivity turns into the business’s north star, creativity dangers being overwhelmed by a deluge of low-effort, AI-generated content material. Source link

Lucid Motors is shedding 12% of its workforce in a bid to “enhance operational effectiveness and optimize our sources as we proceed on our path towards profitability,” based on an inside memo that was obtained by TechCrunch. Hourly staff on the manufacturing, logistics, and high quality groups are usually not affected by the cuts, based on the memo, which was despatched to workers being spared by the layoffs. It’s unclear precisely what number of staff are being laid off, however it’s possible within the lots of. Lucid Motors reported having 6,800 full-time workers globally at the end of 2024. “Saying…

Meta announced a serious replace for its immersive digital world, Horizon Worlds, on Thursday that may see it go away the metaverse behind. The tech large stated it’s shifting focus for Horizon Worlds to be “nearly solely cell” and that it’s “explicitly separating” its Quest VR platform from the digital world. Meta’s Actuality Labs division for VR and sensible glasses improvement has misplaced nearly $80 billion since 2020. The replace to Horizon Worlds, and different current strikes, alerts that Meta is considerably rethinking its VR ambitions. Final month, the corporate reportedly laid off roughly 1,500 staff from its Actuality Labs division — about…

Threads already has over 400 million month-to-month customers, however Meta needs to push that quantity even greater. With the launch of a brand new Threads characteristic this week, the corporate is making it simpler for Threads customers to share posts on the app to their Instagram Tales — a transfer that might capitalize on Instagram’s bigger consumer base to carry extra folks to Meta’s X competitor. The corporate announced on Thursday a brand new characteristic that allows you to share a Threads put up to your Instagram Story with out having to go away the Threads app, as a substitute…

A choose has denied Tesla’s request to overturn a $243 million jury verdict that held the automaker partially accountable for a deadly crash involving its Autopilot driver help system. “The grounds for aid that Tesla depends upon are nearly the identical as these Tesla put forth beforehand throughout the course of trial and of their briefings on abstract judgment — arguments that had been already thought-about and rejected,” Hon. Choose Beth Bloom’s choice reads. “Moreover, Tesla doesn’t current further arguments or controlling legislation that persuades this Court docket to change its earlier choices or the jury verdict.” Final August, a…

A U.S. federal court docket has sentenced a Ukrainian man to 5 years in jail for his half in a long-running id theft operation that helped abroad North Korean employees acquire fraudulent employment at dozens of U.S. corporations. U.S. prosecutors brought charges in 2024 towards Oleksandr Didenko, 29, a resident of Kyiv, for establishing North Koreans with stolen identities of U.S. residents to get employed and earn a wage. Below this scheme, the employees’ earnings have been funneled again to Pyongyang, which the regime used to fund its internationally sanctioned nuclear weapons program. That is the newest in a string…