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Reddit reported its second-quarter earnings on Thursday, and it’s clear that the company’s focus on AI has ramped up considerably. One significant area of investment is growing its advertising business, supported by its AI-powered marketing tools. The results revealed that the majority of Reddit’s revenue continues to come from ads, which brought in $465 million,…
AI research lab Anthropic’s AI models are now the top choice for enterprises, surpassing OpenAI. Anthropic now holds 32% of the enterprise LLM market share by usage, according to a report from Menlo Ventures released on Thursday. OpenAI holds the second-largest market share by usage among enterprises with 25%. The figure marks a strong reversal…
OpenAI said Thursday that it plans to launch Stargate Norway, its first AI data center in Europe, in partnership with British AI cloud infrastructure provider Nscale and Norwegian energy infrastructure firm Aker. Nscale will design and build the site, and it will be a 50/50 joint venture between the two companies. OpenAI will be an…
GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means five million people have tried out GitHub Copilot for the first time…
Gift cards have become a popular choice for consumers, whether as gifts, rewards, or simple purchases. However, issues can arise, such as activation errors or transaction problems, which can create frustration for customers. Artificial Intelligence (AI) is stepping in to offer better solutions. It is helping automate customer support for gift cards, making it faster,…
Observe, an observability platform, was founded in 2017 in response to the changing nature of software observability. Companies started pushing out new versions of their software more frequently — and producing significantly more data because of it. Now, Observe is responding to the latest big shift in technology: AI. San Mateo-based Observe helps companies get…
AI video-generating startups Luma and Runway are looking beyond movie studios. These video-generating AI companies have their sights set on other markets for future revenue streams and have been in talks with both robotics and self-driving car companies, according to reporting from The Information. The report didn’t identify which companies Luma and Runway are in…
AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in November 2024, making this double the valuation in about nine months. Groq previously…
Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment…
Harmonic, an AI startup co-founded by Robinhood CEO Vlad Tenev, announced Monday the beta launch of an iOS and Android chatbot app where users can access its AI model, Aristotle. With this launch, the company aims to broaden access to Aristotle, which Harmonic claims to offer “hallucination-free” answers for questions involving mathematical reasoning — a…