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Before this week, the dominant story about Nvidia went something like this: For the first few years of the AI boom, Nvidia was the only source for state-of-the-art GPUs, which became immensely profitable as the industry scaled out. In the last few years, hyperscalers like Amazon and Google have started building their own chips, and…
It used to be that Vijay Pande was better known in academic circles than investor circles. That changed pretty abruptly a dozen years ago, when Marc Andreessen and Ben Horowitz — who’d spent their firm’s first five years explicitly avoiding healthcare and life sciences — decided the category was worth betting on after all and…
Mark your calendars: on Thursday night, September 10, StrictlyVC — TechCrunch’s boutique evening series — is heading to New York’s West Village (the real one — brownstones, cobblestones, and all — not the Mission Bay stretch of San Francisco that’s earned the nickname “Vest Village” for all the Patagonia-clad VCs roaming around). It’s our first…
Nvidia has agreed to buy Hugging Face for $12.9 billion, The Information reported Wednesday night, citing a source familiar with the matter. Business Insider, which first reported over the weekend that Hugging Face was fielding takeover interest, reported Wednesday night that the talks — which would value the company at more than $13 billion —…
More than 76% of consumers in India prefer talking to businesses over a phone call, according to a recent study from Truecaller. Since voice is still consumers’ preferred way to communicate, that leaves a big opportunity to automate support and outreach calls using voice AI in the country. Voice AI startup Ringg, which already processes…
Situational Awareness, the AI focused hedge fund that was Wall Street’s fleeting obsession, is having a very bad month. The company, led by twentysomething OpenAI alum Leopold Aschenbrenner, went all-in on a variety of AI investments and, for a period, enjoyed phenomenal growth. Then, at the end of July, a downturn in AI stocks erased…
The Dutch Data Protection Authority is fining Uber €825 million (around $966 million) — the second largest penalty issued so far under Europe’s General Data Protection Regulation, according to Reuters. The Dutch regulator was investigating complaints that Uber had deactivated driver accounts through an automated process without sufficient warning or human oversight. In a statement,…
Michael Polansky is remarkably unassuming for someone operating in a corner of the world known for outsize egos. Seated at a leafy patio outside a popular bakery in Mill Valley, an affluent town about 15 miles north of San Francisco, Polansky — bespectacled, his fresh face framed by dark hair shot through with gray —…
The new $225 Pebble Time 2 smartwatch feels like a toy, and we mean that in the best sense of the word. The refreshed version of the indie smartwatch brand, rebooted by its original founder, feels casual, fun, and playful, — not like a mini-computer on your wrist. Its quirky watch faces and simple apps…
Stripe confirmed on Wednesday that it was buying OpenRouter. While the company didn’t disclose the deal price, sources told the New York Times that it paid $7.5 billion. That’s a huge step up from OpenRouter’s $1.3 billion valuation in May. To put that price in context, the founders alone will reportedly receive $1.5 billion from the…