BUSINESS

AI benchmarking organization criticized for waiting to disclose funding from OpenAI

An organization developing math benchmarks for AI didn’t disclose that it had received funding from OpenAI until relatively recently, drawing allegations of impropriety from some

BUSINESS

Perplexity AI submits bid to merge with TikTok

With a TikTok ban looming in the United States, Perplexity AI is the latest bidder hoping to give the video app a new corporate home.

BUSINESS

EV startup Canoo files for bankruptcy and ceases operations

Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding

BUSINESS

SpaceX catches Starship booster a second time, loses ship to an ‘anomaly’ in space

SpaceX caught the Starship rocket’s Super Heavy booster for a second time, after it launched the upper stage into space on Thursday during a seventh

BUSINESS

Chinese 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

BUSINESS

Nvidia backs MetAI, a Taiwanese startup that creates AI-powered digital twins

Nvidia has been doubling down on the opportunity to build robotics and other industrial AI applications, with the launch of its Omniverse platform, and most

BUSINESS

Robinhood agrees to pay $45M in SEC settlement

Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall

BUSINESS

Watch Duty was downloaded 2 million times during this week’s LA fires

Fire-tracking app Watch Duty has become a crucial source of information for Los Angeles residents threatened by the ongoing wildfires.  As TechCrunch’s Maxwell Zeff explained,

BUSINESS

Researchers open source Sky-T1, a ‘reasoning’ AI model that can be trained for less than $450

So-called reasoning AI models are becoming easier — and cheaper — to develop. On Friday, NovaSky, a team of researchers based out of UC Berkeley’s

BUSINESS

Amazon retires its Astro for Business security robot after only 7 months

Amazon has decided to discontinue its Astro for Business device, a security robot for small—and medium-sized businesses, just seven months after launch.  In an email