Europe is pushing back on Washington’s chip war

Europe is pushing back on Washington’s chip war

Dutch Trade Minister Sjoerd Sjoerdsma visited Washington this week to meet with Commerce Secretary Howard Lutnick and members of Congress to oppose the MATCH Act, a bill that would bar Chinese chipmakers from accessing Western semiconductor equipment, and one that would hit ASML especially hard. ASML, based in the Netherlands, is Europe’s most valuable company…

Read More
How to invest when everything is moving too fast

How to invest when everything is moving too fast

TechCrunch’s StrictlyVC evening in Los Angeles late last week brought together two of the more straight-talking investors working in AI right now. Carter Reum is co-founder of M13, an early-stage firm with $2.5 billion in assets under management that has been a seed or Series A investor in 17 unicorns, he says. Chang Xu is…

Read More
Superhuman acquires AI detection startup GPTZero

Superhuman acquires AI detection startup GPTZero

GPTZero, the three-year-old AI detection startup that Princeton grad Edward Tian first built as a senior thesis project, has been acquired by Superhuman, the companies announced on Tuesday. Terms of the deal were not disclosed, though Tian told Business Insider that GPTZero amassed more than 19 million registered users and $30 million in annual recurring…

Read More
World model maker Odyssey nabs .45B valuation backed by Amazon and other big names

World model maker Odyssey nabs $1.45B valuation backed by Amazon and other big names

Odyssey, a world model AI startup founded by self-driving vehicle pioneers CEO Oliver Cameron and CTO Jeff Hawke, has raised a $310 million Series B round at a $1.45B valuation led by Natural Capital, with Amazon, AMD Ventures, GV, and others participating. World models are the next big thing in AI beyond text- and chat-based large language models. They gather…

Read More
The AI layoff wave is becoming a powder keg

The AI layoff wave is becoming a powder keg

Something strange is happening in tech right now. Companies are posting record profits and revenue while laying off tens of thousands of people, citing AI as the official explanation. So far this year, there have been an estimated 363 layoffs at tech companies this year, affecting nearly 150,000 people — a pace of about 974…

Read More