Hero wants to save the day for companies facing a working capital crunch
Hero, a new fintech startup based in Paris, is announcing an €11.3 million all-equity funding round led by Valar Ventures ($12.2 million at today’s exchange rate). For the past couple of years, the company has been quietly building an ambitious banking product for small companies that can essentially replace everything
Read More‘Lawyer-in-the-loop’ startup Wordsmith wants to bring AI paralegals to all employees
Wordsmith, a fledgling Scottish legal tech startup, has somehow managed to attract the backing of two well-known venture capital firms. The startup targets in-house legal teams and law firms with an AI platform that they can configure to help other workers in the company. This way, anyone in the company
Read MoreKepler’s ellipse perimeter approximations
In 1609, Kepler remarked that the perimeter of an ellipse with semiaxes a and b could be approximated either as P1 ≈ 2π(ab)½ or P2 ≈ π(a + b). In other words, you can approximate the perimeter of an ellipse by the circumference of a circle of radius r where
Read MoreGeneral Catalyst makes India push with Venture Highway merger
General Catalyst, a Silicon Valley venture capital group, is expanding its presence in India by joining forces with a local venture firm and earmarking more than $500 million for investments in the world’s most populous nation. The U.S. venture capital group is merging with Venture Highway, an India-based firm whose
Read MoreFrance leads the pack for Generative AI funding in Europe, London has 3X the number of GenAI startups
Like it or hate it, artificial intelligence – especially generative AI – is the technology story of 2024. OpenAI, with its rollouts of viral services like ChatGPT and billions in funding, may have gobbled up the lion’s share of attention and money so far. But according to a new report
Read MoreC12, a French quantum computing startup founded by twin brothers, raises $19.4 million
C12 is announcing that it recently raised an €18 million funding round ($19.4 million at today’s exchange rate). Originally founded in 2020 as a spin-off from the Physics Laboratory of the École Normale Supérieure, the company has been working on a unique process to create quantum computers based on carbon
Read MoreUpdate your Windows PC to avoid a serious Wi-Fi vulnerability
Photo by Amelia Holowaty Krales / The Verge If you’ve been putting off your next Windows update, now’s the time to install it. Last week, Microsoft patched a pretty nasty vulnerability in Windows 11 and 10 that could put your PC at risk when connected to a public Wi-Fi network,
Read MoreIlya Sutskever, OpenAI’s former chief scientist, launches new AI company
Ilya Sutskever, one of OpenAI’s co-founders, launches Safe Superintelligence (SSI), just a month after leaving OpenAI. © 2024 TechCrunch. All rights reserved. For personal use only.
Read MoreInternal SpaceX documents show the sweet stock deals offered to investors like a16z, Gigafund
Like many highly valued startups, SpaceX sometimes allows its employees to cash out some of their shares by selling to company-authorized outside investors. TechCrunch has gotten a peek at an internal SpaceX document about such a tender offer from May 2022. Musk posted on X last month that SpaceX holds
Read MoreThis Week in AI: Generative AI is spamming up academic journals
Hiya, folks, and welcome to TechCrunch’s regular AI newsletter. This week in AI, generative AI is beginning to spam up academic publishing — a discouraging new development on the disinformation front. In a post on Retraction Watch, a blog that tracks recent retractions of academic studies, assistant professors of philosophy
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