Amazon to acquire Indian fintech Axio in credit push
Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets. The US technology group, which has held an equity stake in Axio for six years, signed the acquisition agreement in December after completing due diligence, the
Read moreIn AI copyright case, Zuckerberg turns to YouTube for his defense
Meta CEO Mark Zuckerberg appears to have used YouTube’s battle to remove pirated content to defend his own company’s use of a data set containing copyrighted e-books, reveals newly released snippets of a deposition he gave late last year. The deposition, which was part of a complaint submitted to the
Read moreChinese AI company MiniMax releases new models it claims are competitive with the industry’s best
Chinese firms continue to release AI models that rival the capabilities of systems developed by OpenAI and other U.S.-based AI companies. This week, MiniMax, an Alibaba- and Tencent-backed startup that has raised around $850 million in venture capital and is valued at more than $2.5 billion, debuted three new models:
Read moreFalling power analog of binomial theorem
Yesterday I wrote about how the right notation could make Newton’s interpolation theorem much easier to remember, revealing it as an analog of Taylor series. This post will do something similar for the binomial theorem. Let’s start with the following identity. It’s not clear that this is true, or how
Read moreHindenburg Research, a short seller that targeted tech and EV companies, is closing up shop
When Hindenburg Research posts a blog on its website, it often means a company’s final days are near. Today, that company is Hindenburg Research. Nate Anderson announced Wednesday he has shut down short-selling firm Hindenburg Research after a seven-year run issuing damning reports about high-profile companies, including many of the
Read moreReusable rocket startup Stoke raised another massive round: $260M
Y Combinator alum Stoke has an ambitious goal to build the first fully reusable rocket and VCs have opened their wallets wide. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreGovernments call for spyware regulations in UN Security Council meeting
Several governments participated in a meeting on the proliferation of commercial spyware at the United Nations Security Council. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreTikTok owner ByteDance powered an e-reader’s unhinged AI assistant
The AI embedded in a popular e-reader was spouting Chinese propaganda. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreOpenAI is bankrolling Axios’ expansion into four new markets
OpenAI is getting into the local news game. Newsletter-based media organization Axios announced a partnership with OpenAI on Wednesday. As part of this three-year deal, the AI giant will fund Axios’ expansion of its local newsletters into four new cities: Pittsburgh; Kansas City, Missouri; Boulder, Colorado; and Huntsville, Alabama. While
Read moreTesla to split $100M award for electric truck charging corridor in Illinois
Tesla, along with three other industry partners, quietly backed an Illinois Environmental Protection Agency application that won $100 million in funding to build electric truck charging stations across the state, TechCrunch has learned. The award was the biggest given out by the Biden Administration’s Federal Highway Administration last week in
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