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Zoom Steps Up Its Game With AI and
Here are five things in tech that happened this week and how they affect your business. Did you miss them? 1 – Zoom taps AI to empower customers in safe hybrid work environment. Zoom – the communications platform used by nearly 13 million people each month – is working to further elevate its collaboration services with AI technology. Announcements include…
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The Great Crypto Re-Banking Has Begun
For crypto firms, the vibe shift is a blessing. Although they have comparatively few problems accessing overseas bank accounts—often in the Cayman Islands or Switzerland—in lieu of a US bank account, they are often unable to earn yield on deposits or transact seamlessly with US-based counterparties, and sometimes they incur…
Silicon Valley AI Startups Are Embracing China’s Controversial ‘996’ Work Schedule
Would you like to work nearly double the standard 40-hour week? It’s a question that many startups in the US are asking prospective employees—and to get the job, the answer needs to be an unequivocal yes. These companies are embracing an intense schedule, first popularized in mainland China, known as…
Some Cities in China Are Advertising Exclusive Subsidies for Huawei-Powered Cars
WIRED contacted Huawei to ask about its potential role in the subsidies. Huawei did not comment in time for publication.One of the earliest subsidies appeared online in March, when the Commerce Bureau of Shenzhen Longgang District—the district where Huawei’s headquarters are located—posted that local car buyers can get up to…
OpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Round
OpenAI is seeking capital from new and existing investors, two people familiar with the company’s plans tell WIRED. The fundraising effort is part of a $40 billion round announced in March. The round will reopen on Monday, July 28, according to one of the sources, who has direct knowledge of…
Congress Passes GENIUS Act in Major Win for US Crypto Industry
“Competition will be fierce,” says Christian Catalini, founder at MIT Cryptoeconomics Lab and cocreator of Diem, the now-defunct stablecoin project funded by Meta. “You will see many more issuers enter the market and compete. Many of those issuers will be more traditional banks and fintechs.”Crypto advocates argue that stablecoins will…
This AI Warps Live Video in Real Time
Dean Leitersdorf introduces himself over Zoom, then types a prompt that makes me feel like I’ve just taken psychedelic mushrooms: “wild west, cosmic, Roman Empire, golden, underwater.” He feeds the words into an artificial intelligence model developed by his startup, Decart, which manipulates live video in real time.“I have no…
GM’s Final EV Battery Strategy Copies China’s Playbook: Super Cheap Cells
General Motors has just announced its latest and likely final piece in what now appears to be a three-pronged cell-chemistry strategy to power GM’s lineup of a dozen EVs through the end of the decade and beyond.GM has stated today it will build low-cost lithium iron phosphate (LFP) battery cells…
Tech Billionaires Back Erebor in the Wake of Silicon Valley Bank Collapse
"What I imagine is going on here is that should this become a new chartered bank … the bank would be providing this ‘cash in, obfuscated crypto out’ type of a product that would allow these agencies to be able to make payments,” he says.Anduril also knows how to sell…
Microsoft and OpenAI’s AGI Fight Is Bigger Than a Contract
I first learned about The Clause from Microsoft CEO Satya Nadella. During an interview with him in May 2023, I asked about the deal between Microsoft and OpenAI that granted his company exclusive access to the startup’s groundbreaking AI technology. I knew the contract had set a cap on how…
Thinking Machines Lab Raises a Record $2 Billion, Announces Cofounders
Thinking Machines Lab, an artificial intelligence company founded by top researchers who fled OpenAI, has raised a record $2 billion seed round that values the fledgling firm at $12 billion.The funding round was led by Andreessen Horowitz and included Nvidia, Accel, Cisco, and AMD—among others. The mammoth investment reflects the…
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Creative Ways Startups Can Earn Funding in Tough Economic Times
In a declining economy, startups face an uphill battle when it comes to securing funding.…
I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think
With all of the recent news about artificial intelligence (AI), it got me thinking about…
Ideas To Transform You From Good To Better To Best
A while back, I took a couple of my grandchildren on a tour of the…
5 Crucial Challenges Startups Must Overcome
Startups face numerous challenges on their journey to success, and failing to overcome any one…