UK recognizes Apple, Google as having ‘strategic market positions’, opening door to further regulation
The UK Competition and Markets Authority (CMA) announced on Wednesday that it has designated Apple and Google as companies with strategic market positions in their respective mobile platforms. The decision affects companies’ operating systems, app stores, browsers and browser engines, and allows regulators to take targeted action to increase competition in this area. The CMA […]
GM’s internal reforms will focus on AI and autonomous driving
General Motors is overhauling the electrical and computational underpinnings of its future vehicles to deliver faster software, more capable self-driving features and custom conversational AI assistants. As a result of this overhaul, the Cadillac Escalade IQ will debut in 2027. The US automaker, which announced its plans at an event Wednesday in New York City, […]
Samsung takes on Apple’s Vision Pro with new Galaxy XR headset
After months of speculation, Samsung has finally announced its Galaxy XR headset to compete with Apple’s Vision Pro. The headset runs on Google’s Android XR operating system and Qualcomm’s Snapdragon XR2+ Gen 2 platform. The Galaxy XR costs $1,800, almost half the price of the Vision Pro. Currently available in the US and South Korea. […]
Save 60% on PlusOne Passes before Disrupt 2025 starts on October 27th
There are only five days left until TechCrunch Disrupt 2025, held October 27-29 at Moscone West in San Francisco, brings together more than 10,000 leaders, venture capitalists, operators, and innovators who are shaping the future of technology. To celebrate the final countdown, we’re giving you one last chance to save big. Save up to $444 […]
Netflix goes “all in” on generative AI as entertainment industry continues to be fragmented
As the entertainment industry considers when and how to use generative AI in filmmaking, Netflix is leaning in. In its quarterly earnings report released Tuesday afternoon, Netflix said in a letter to investors that it is “very well positioned to effectively leverage ongoing advances in AI.” Although Netflix has no plans to use generative AI […]
Open source agent startup LangChain reaches $1.25 billion valuation
LangChain has raised $125 million at a valuation of $1.25 billion, the company announced on Monday. TechCrunch reported in July that the provider of a popular open source framework for building AI agents was raising new funding at a valuation of at least $1 billion. As previously reported, the transaction was led by IVP. New […]
Sesame, the conversational AI startup from Oculus founder, raises $250 million and launches beta
Sesame, a conversational AI startup and smart glasses maker, announced Tuesday that it has raised $250 million in a Series B round and will open a beta version to a select group of testers. The startup, led by former Oculus co-founder and CEO Brendan Iribe and Ankit Kumar, former CTO of AR startup Ubiquity6, is […]
OpenAI’s new browser is an all-out attack on Google
Today, OpenAI announced its new Atlas web browser in a surprise livestream. The show began with CEO Sam Altman himself speaking directly to the audience. “We believe AI is a once-in-a-decade opportunity to reimagine what a browser is,” said Altman. “Just as the URL bar and search box were great analogs for the way we […]
Source: Multimodal AI startup Fal.ai has already raised a valuation of over $4 billion
Fal.ai, a startup that hosts image, video and audio AI models for developers, has closed on a new round of funding that values the company at more than $4 billion, four people familiar with the deal said. The company has raised about $250 million, according to two people familiar with the matter. Kleiner Perkins and […]
Cloudflare CEO Matthew Prince is calling on UK regulators to unbundle Google’s search and AI crawlers.
Web infrastructure provider Cloudflare has been pushing for increased regulation in the AI space since earlier this year when it launched a marketplace that allows websites to charge AI bots for scraping their content. The company’s chief executive, Matthew Prince, said he was in London to speak to Britain’s Competition and Markets Authority (CMA), which […]