Latest Business News, Market Insights & Global Economy Updates
OpenAI released new data Monday showing enterprise usage of its AI tools has surged dramatically over the past year, with ChatGPT message volume growing 8x since November 2024 and workers reporting they’re saving up to an hour daily. The findings arrive a week after CEO Sam Altman sent an internal “code red” memo about the…
Limitless, the AI startup formerly known as Rewind, has been acquired by Meta, the company announced Friday on its website. The company, which made an AI-powered pendant to record your conversations, says it will no longer sell its hardware devices and will maintain support for its existing customers for a year. Customers will no longer…
The launch of Hamlet was quite personal for Sunil Rajaraman. Back in 2022, he ran for city council in a small California town. He lost, but the moment forever changed the way he saw the place — and local governments, for that matter. “I was trying to become a better candidate,” he recalled to TechCrunch….
In one of the most groundbreaking deals the streaming world has ever seen, Netflix announced on Friday its acquisition of Warner Bros. with an enterprise value of $82.7 billion. This agreement involves both HBO Max and the HBO studio, marking one of the largest mergers in Hollywood’s history. By making this move, Netflix is not…
AI research lab Anthropic’s not slowing down in its efforts to snap up enterprise clients. The company on Wednesday said it is expanding its partnership with cloud data company Snowflake in a $200 million multi-year AI deal that will bring Anthropic’s large language models to Snowflake’s platform and, consequently, to its sizable customer base. “Anthropic…
The latest bid to squeeze a ban on states regulating AI into an annual defense bill has reportedly been rejected after facing bipartisan pushback. House Majority Leader Steve Scalise (R-LA) said Tuesday that Republican leaders would look for “other places” to include the measure — an effort that President Trump has supported — according to…
Simular, a startup building AI agents for Mac OS and Windows, has raised a $21.5 million Series A led by Felicis, with NVentures (Nvidia’s venture arm), existing seed investor South Park Commons, and others joining in. Simular is an interesting agentic startup because unlike others, it isn’t trying to control the browser but the PC…
South Korean e-commerce platform Coupang over the weekend said nearly 34 million Korean customers’ personal information had been leaked in a data breach that had been ongoing for more than five months. The company said it first detected the unauthorized exposure of 4,500 user accounts on November 18, but a subsequent investigation revealed that the…
On Wednesday evening at PlayGround Global in Palo Alto, some very smart people who are building things you don’t understand yet will explain what’s coming. This is the final StrictlyVC event of 2025, and truly, the lineup is ridiculous. The series has traveled around the globe under the auspices of TechCrunch. Steve Case rented a…
Fresh off a $350 million raise, battery recycler and cathode-maker Redwood Materials is reportedly cutting around 5% of its workforce, according to Bloomberg News. Nevada-based Redwood employees around 1,200 employees, so the cuts affect a few dozen workers. The company, founded in 2017 by former Tesla CTO JB Straubel, initially focused on recycling scrap from…
