Tag Archives: TechCrunch

A Chinese lab has released a ‘reasoning’ AI model to rival OpenAI’s o1

A Chinese lab has unveiled what appears to be one of the first “reasoning” AI models to rival OpenAI’s o1. On Wednesday, DeepSeek, an AI research company funded by quantitative traders, released a preview of DeepSeek-R1, which the firm claims … Continue reading

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Amazon debuts its largest Echo Show yet

Amazon on Wednesday introduced the Echo Show 21, its largest Echo Show yet. The smart display comes with double the viewing area of the existing Echo Show 15, which is also getting an upgrade. The two new devices have better … Continue reading

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Riding high on open source ERP, Odoo raises $527M via secondaries lifting its valuation to $5.26B

Belgium-based Odoo decided to use open-source tools as a way to attack the enterprise resource planning (ERP) software market, going up against giants like SAP. Fast forward a couple of decades and it’s now picking up €500 million in secondary … Continue reading

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Federato fixes insurance risk analysis with AI, raises $40M

Insurance has been fertile ground for artificial intelligence innovation, working as it does at the nexus of giant datasets, risk assessment, predictive analytics, fintech and customer service. Federato, a startup riding that momentum, has now raised $40 million to expand … Continue reading

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Converge Bio’s ‘everything store’ for biotech LLMs brings in $5.5M seed

AI is finding its way into every corner of biotech and pharmaceutical research, but like other industries, it’s never quite as straightforward to implement as one would like. Converge Bio has built a tool for companies to make their biology-focused … Continue reading

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Fintech giant Finastra confirms it’s investigating a data breach

An incident disclosure shared with Finastra’s banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

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Portugal’s Tekever raises $74M for dual-use drone platform deployed to Ukraine

Dual-use drone startup Tekever has raised €70 million ($74 million) to develop its product and expand into new markets, specifically the U.S.. The news is part of a trend of smaller tech-driven startups moving into markets normally dominated by large … Continue reading

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UK crashes out of global top 50 supercomputer ranking

The U.K. no longer has a supercomputer in the top 50, according to new data from the Top500 project, which ranks the 500 most powerful non-distributed computer systems globally. The country’s current national supercomputer system, Archer2, is approaching end-of-life in … Continue reading

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UK open to social media ban for kids as gov’t kicks off feasibility study

The U.K. government is not ruling out further beefing up existing online safety rules by adding an Australian-style ban on social media for under 16s technology secretary, Peter Kyle, has said. Back in the summer the government warned it may … Continue reading

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OpenAI releases a teacher’s guide to ChatGPT, but some educators are skeptical

OpenAI envisions teachers using its AI-powered tools to create lesson plans and interactive tutorials for students. But some educators are wary of the technology — and its potential to go awry. Today, OpenAI released a free online course designed to … Continue reading

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