Elon Musk email to X staff: ‘we’re barely breaking even’
Image: Cath Virginia / The Verge, Getty Images Ever since Elon Musk closed his deal to buy Twitter he’s claimed the company, now called X, is in “a very dire situation from a revenue standpoint.” Now, the Wall Street Journal reports that banks are preparing a coordinated move to sell
Read moreAI companies upped their federal lobbying spend in 2024 amid regulatory uncertainty
Companies spent significantly more lobbying AI issues at the U.S. federal level last year compared to 2023 amid regulatory uncertainty. According to data compiled by OpenSecrets, 648 companies spent on AI lobbying in 2024 versus 458 in 2023, representing a 141% year-over-year increase. Companies like Microsoft supported legislation such as
Read moreElevenLabs has raised a new round at $3B+ valuation led by ICONIQ Growth, sources say
Companies that want to build AI voice into their products are rushing to work with ElevenLabs, the startup that develops synthetic voice technology like voice cloning and dubbing tools. Now ElevenLabs is turning up the volume on its business with a huge series C raise, just a year after a
Read moreX expands its vertical video feed to global users
X has started expanding its dedicated vertical video feed to users outside the U.S., TechCrunch has exclusively learned and confirmed with the company. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreFlip, the TikTok Shop rival, launches a creator fund that grants up to $100M of equity
Flip is a social commerce app that lets shoppers become creators. They can share honest reviews and earn cash based on engagement on the platform. As Flip competes with TikTok Shop and other platforms in a highly competitive market, it has introduced a new creator fund that offers a unique
Read moreMark Zuckerberg says Meta will have 1.3M GPUs for AI by year-end
Meta CEO Mark Zuckerberg said that the company plans to significantly up its capital expenditures this year as it aims to keep pace with rivals in the cutthroat AI space. In a Facebook post Friday, Zuckerberg said that Meta expects to spend $60 billion-$80 billion on CapEx in 2025, primarily
Read moreOpenAI’s Stargate project reportedly doesn’t have the money it needs
Stargate — the massive infrastructure project to build data centers for OpenAI in the U.S. — lacks a fully developed plan and hasn’t secured funding yet, according to a report from the Financial Times. Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around $100
Read moreApple admits next-gen CarPlay is late, but still in development
Though Apple rarely misses self-imposed deadlines, it’s done so with the next generation of CarPlay. The company originally teased the update back in 2022. With this new version, CarPlay will integrate seamlessly with the instrument cluster to provide information on speed, climate control, and other car data. Apple had promised
Read moreGoogle commits to combatting fake reviews in the UK after 5-year probe
The U.K.’s antitrust regulator has reached an agreement with Google to counter the scourge of fake online reviews. The internet giant has committed to several remedies. Bogus endorsements have blighted the web since the creation of user reviews, which is why regulators around the world have been upping the ante
Read moreFoyer unlocks $6.2M to help people save up to buy homes
Landy Liu knows how hard it is to save for a home. While working at mortgage startup Better.com, he spent years dealing with first-home home buyers who felt overwhelmed when it came to shopping for homes. By the time it was his turn in 2022, mortgage rates had nearly doubled,
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