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Gradium, a startup spun out of French AI lab Kyutai (backed by French telecom billionaire Xavier Niel), launched out of stealth on Tuesday with a $70 million seed round from a who’s who of investors. The round was led by FirstMark Capital and Eurazeo, with participation from Niel, DST Global Partners, billionaire Eric Schmidt and…
The Trump administration has agreed to inject up to $150 million into xLight, a semiconductor startup developing advanced chip-making technology, marking the third time the U.S. government has taken an equity position in a private startup and further expanding a controversial strategy that has put Washington on the cap tables of American companies. The Wall…
In a carefully worded announcement on Monday, Apple said John Giannandrea, who has been the company’s AI chief since 2018, is “stepping down” to, well, not work at Apple anymore. He’ll stick around through spring as an advisor. His replacement is Amar Subramanya, a highly regarded Microsoft executive who spent 16 years at Google, most…
While you’ve been sweating the details over Thanksgiving, famed investor Michael Burry – the one portrayed by Christian Bale played in “The Big Short” – has been waging an increasingly aggressive war against Nvidia. It’s a battle worth watching because Burry might actually win it. What makes this different from every other warning about an…
Amazon Web Services is making a sizable new investment in infrastructure designed to boost AI capabilities for U.S. government organizations. AWS announced Monday it is investing $50 billion to build AI “high-performance computing infrastructure” purposefully built for the U.S. government. The buildout is meant to expand federal government agencies’ access to AWS AI services. The…
Hi, thanks as always for reading TechCrunch. We want to talk with you quickly about something important. A growing number of scammers are impersonating TechCrunch reporters and event leads and reaching out to companies, pretending to be our staff when they absolutely are not. These bad actors are using our name and reputation to try…
Elon Musk’s X has begun rolling out a new feature for user profiles that will display information about the account, including where it’s based, how many times the account has changed its username, the account’s original join date, and how the user downloaded the X app. The new information is meant to reduce inauthentic engagement…
Thomas Lee Young doesn’t sound like your typical Silicon Valley founder. The 24-year-old CEO of Interface, a San Francisco startup using AI to prevent industrial accidents, is a white guy with a Caribbean accent and a Chinese last name, a combination he finds amusing enough to mention when he’s first introduced to business contacts. Born…
Nvidia founder and CEO Jensen Huang struck a bullish tone in the company’s third-quarter earnings. And based on the company’s results, there may be a reason to. Nvidia reported revenue of $57 billion during its fiscal third quarter, 62% higher compared to the same quarter last year. The company’s net income on a GAAP basis…
AI data center provider Lambda announced Tuesday it raised $1.5 billion in a round led by TWG Global, a relatively new $40 billion investment firm formed by billionaires Thomas Tull, the former owner of Legendary Entertainment, and Guggenheim Partners founder and CEO Mark Walter. TWG holds a variety of the billionaires’ assets, including Walter’s stakes…