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Palantir has helped the Internal Revenue Service’s Criminal Investigations office probe a variety of financial crimes in the U.S. for much of the last decade, The Intercept reported. The IRS has paid the firm $130 million since 2018 to use its data analysis software to pore over financial records for investigative purposes, the outlet reported,…
Nuclear startup X-energy raised $1 billion in its initial public offering yesterday, selling 44.3 million shares for $23 each, a hefty premium above the $16 to $19 per share it was seeking. Initially, the company had hoped to raise around $800 million. The stock is expected to begin trading on Friday on the Nasdaq Exchange…
Sierra, the customer service agent startup founded by Bret Taylor, announced on Thursday that it has acquired the YC-backed French startup Fragment, which helps businesses integrate AI into workflows. This is Sierra’s third public acquisition. It previously bought Japan-based enterprise AI solutions company Opera Tech (which it acquired in late March) and voice agent company…
Google Photos’ image editor is getting new touch-up tools to allow users to apply subtle edits and fixes, Google announced on Monday. You can use the new tools to remove blemishes, refine skin texture, brighten eyes, whiten teeth, and more. You can access the touch-up tools by selecting a face in a photo, then choosing…
Google announced Monday that it’s making its Gemini in Chrome feature available in seven new markets, including Australia, Indonesia, Japan, the Philippines, Singapore, South Korea, and Vietnam. The company is rolling this feature out to both desktop and iOS in all of these countries except Japan. The company has been integrating AI and Gemini into…
Anthropic announced on Monday that Amazon has agreed to invest a fresh $5 billion, bringing Amazon’s total investment in the company to $13 billion. Anthropic, for its part, has agreed to spend over $100 billion on AWS over the next 10 years, obtaining up to 5 GW of new computing capacity to train and run…
More than three years after the emergence of generative AI, AI-assisted coding remains by far the most popular and lucrative use case for the technology. Although multiple companies — including Anthropic, maker of Claude Code, as well as Cursor and Cognition — are already vying for dominance, investors believe there is room for at least…
IBM entered into a $17 million settlement agreement on Friday with the U.S. Department of Justice over allegations that it engaged in “illegal DEI practices” by taking into account “race, color, national origin, or sex” in its hiring and promotions. The DOJ also alleged that IBM used funds from its government contract for DEI programs and then…
Microsoft is shutting down Outlook Lite on May 26, the company confirmed to TechCrunch on Monday. Launched in 2022, Outlook Lite is a lightweight version of the regular Outlook app, designed for Android phones with limited storage and regions with slower internet connections. The app had already been scheduled for retirement — Microsoft announced last…
Intel will join SpaceX and Tesla in an effort to build a new U.S. semiconductor factory in Texas, although the scope of its contributions are unclear. “Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to produce 1 TW/year of compute to power future advances in AI and…