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Venture capitalists have convinced themselves they’ve found the next big investing edge: using AI to wring software-like margins out of traditionally labor-intensive services businesses. The strategy involves acquiring mature professional services firms, implementing AI to automate tasks, then using the improved cash flow to roll up more companies. Leading the charge is General Catalyst (GC),…
It takes a lot of computing power to run an AI product — and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4…
“One of the key things to understand about cybersecurity is that it’s a mind game,” Ami Luttwak, chief technologist at cybersecurity firm Wiz, told TechCrunch on a recent episode of Equity. “If there’s a new technology wave coming, there are new opportunities for [attackers] to start using it.” As enterprises rush to embed AI into…
The choice between Bitcoin and stocks isn’t simple. Here’s how analysts and data reveal how investors can approach it. Stocks may survive AI disruption if they adapt quickly to changing technological and economic demands. New businesses spurred by AI, such as robotics, biotech or space, are expected to drive growth, and the stocks mirroring such…
From $100 billion OpenAI commitments to $100,000 visa fees, this week showed just how much the tech landscape is shifting. On the latest episode of Equity, Anthony Ha and Max Zeff unpack the AI infrastructure gold rush and tech’s talent shuffle. Watch the full episode for more about: Equity is TechCrunch’s flagship podcast, produced by…
Researchers at consulting firm BetterUp Labs, in collaboration with Stanford Social Media Lab, have coined a new term to describe low-quality, AI-generated work: “workslop.” As defined in an article published this week in the Harvard Business Review, workslop is “AI generated work content that masquerades as good work, but lacks the substance to meaningfully advance…
If you’ve been on the New York City subway recently, you’ve probably seen stark white ads promoting a wearable AI device called Friend. CEO Avi Schiffman told Adweek that the company spent more than $1 million on a campaign with more than 11,000 cards on subway cars, 1,000 platform posters, and 130 urban panels. Some…
From tech giants to startups, South Korean players are developing large language models tailored to their own language and culture, ready to compete with global heavyweights like OpenAI and Google. Last month, the nation launched its most ambitious sovereign AI initiative to date, pledging ₩530 billion, (about $390 million), to five local companies building large-scale…
YouTube Music is testing AI music hosts that provide relevant stories, fan trivia, and commentary about what you’re listening to, the company announced on Friday. The move comes two years after Spotify launched an AI DJ that delivers a curated selection of music alongside AI-powered spoken commentary about the tracks and artists you like. YouTube…
Silicon Valley flooded the news this week with headlines about wild AI infrastructure investments. Nvidia said it would invest up to $100 billion in OpenAI. Then OpenAI said it would build out five more Stargate AI data centers with Oracle and Softbank, adding gigawatts of new capacity online in the coming years. And it was…