Australian spy chief warns Chinese hackers are ‘probing’ critical networks for espionage and sabotage
Australian Intelligence Secretary Mike Burgess has warned that Chinese-backed hackers are “probing” and in some cases gaining access to the country’s critical infrastructure. Mr Burgess, head of the country’s main intelligence agency, the Australian Security Intelligence Agency, said at least two Chinese government-backed hacker groups were preparing sabotage and espionage operations. The comments, made in […]
Red Bull Racing’s secret weapon? Engineers treat workflow like lap time
There’s a moment backstage at Web Summit when a member of the production staff (well twice Laurent Mequise’s size) puts a thick arm around the shoulders of the CEO of Oracle Red Bull Racing and guides him toward the soundboard to pull out his cell phone for a selfie. Most executives leading organizations of 2,000 […]
Softbank’s sale of NVIDIA causes market confusion and questions arise
Masayoshi Son’s popularity is middling. The SoftBank founder’s career is littered with eyebrow-raising gambles, each one looking more outrageous than the last. His latest move is to liquidate his $5.8 billion in Nvidia stock and focus all his efforts on AI. And while it took the business world by surprise on Tuesday, it might not […]
Threads targets podcasters with new features and aims to become a hub for show discussions
Meta’s X competitor, Threads, starts targeting a specific type of creator: podcasters. The company announced Tuesday that Threads will focus on bringing more podcast discussions to the app and helping creators promote their shows. First, Threads plans to roll out some new features to help on this front. For one, it gives podcast links in […]
Immortal startup Eternos wins $10.3 million as it pivots to personal AI that sounds like you
Robert LoCascio will step down as CEO of LivePerson, a public company known for pioneering web chat in 1997, in 2023 after serving as CEO of the company he founded in 1997. Advances in generative AI inspired his next project. He calls it technology’s “highest hurdle.” It’s about replicating a human being with a life […]
A better way to think about AI bubbles
People often think of tech bubbles in apocalyptic terms, but they don’t have to be that serious. In economic terms, a bubble is when the stakes are so high that supply exceeds demand. The result: It’s not all or nothing. Even a good bet can go against you if you are not careful with your […]
Rad Power Bikes faces closure in January without new funding
Rad Power Bikes has told employees it will close in January if it can’t find new funding or be acquired, according to internal staff emails seen by TechCrunch. In an email from Rad Power’s Human Resources team, the company’s management team is “still fighting to find a way to continue” and that “closing Rad is […]
Founder says AI PowerPoint killer Gamma is valued at $2.1 billion, with ARR of $100 million
Gamma, a startup that creates AI-generated presentations, websites, and social media posts, on Monday announced a $68 million Series B round led by Andreessen Horowitz at a valuation of $2.1 billion. Co-founder and CEO Grant Lee posted on X that the company had 70 million users and $100 million in ARR, making it profitable. Lee […]
Wikipedia asks AI companies to stop using paid APIs and scraping
Wikipedia on Monday laid out a simple plan to ensure its website continues to be supported in the AI era, despite declining traffic. In a blog post, the Wikimedia Foundation, which runs the popular online encyclopedia, called on AI developers to use their content “responsibly” by ensuring their contributions are properly attributed and accessed through […]
Consolidation begins to impact carbon credit markets
Carbon management startup Carbon Direct has acquired another carbon credit startup, Pachama, the companies announced today. Pachama laid off about 20 employees this summer as a result of the voluntary carbon market softening. The company had attracted investment from a variety of celebrities, including Amazon’s Climate Pledge, Breakthrough Energy Ventures, Lowercarbon Capital, and prominent angel […]