Author: GT

The Department of Energy is looking to cut billions more in federal funding, and many promising startups as well as automakers Ford, General Motors, and Stellantis could be affected by the Trump administration’s decision. The proposed cuts would cancel more than $500 million of contracts awarded to more than a dozen startups, according to a TechCrunch analysis of an internal document that has not become public yet. All of the proposed cuts are grants that had been awarded under the Bipartisan Infrastructure Law. The proposed cancellations, many of which have not been reported before, come on top of more than…

Nvidia CEO Jensen Huang said demand is up huge this year as artificial intelligence models develop further from answering simple questions to complex reasoning.”This year, particularly the last six months, demand of computing has gone up substantially,” said Huang on CNBC’s “Squawk Box.”The CEO of the AI chip leader was answering a question about what investors ask him most about. Nvidia shares were higher in premarket trading as Huang gave his bullish comments.AI reasoning models are using exponential amounts of computing power but they are also seeing exponential amounts of demand because their results are so good, Huang said. “The…

Nvidia CEO Jensen Huang said Wednesday that he’s surprised Advanced Micro Devices offered 10% of itself to OpenAI as part of a multibillion-dollar partnership announced earlier this week.”It’s imaginative, it’s unique and surprising, considering they were so excited about their next generation product,” Huang said in an interview with “CNBC’s Squawk Box.” “I’m surprised that they would give away 10% of the company before they even built it. And so anyhow, it’s clever, I guess.”OpenAI and AMD reached a deal on Monday, with OpenAI committing to purchase 6 gigawatts worth of AMD chips over multiple years, including its forthcoming MI450…

Zelda Williams, daughter of the late actor Robin Williams, has a poignant message for her father’s fans. “Please, just stop sending me AI videos of Dad. Stop believing I wanna see it or that I’ll understand. I don’t and I won’t,” she wrote in a post on her Instagram story on Monday. “If you’ve got any decency, just stop doing this to him and to me, to everyone even, full stop. It’s dumb, it’s a waste of time and energy, and believe me, it’s NOT what he’d want.” It’s probably not a coincidence that Williams was moved to post this…

AI is reshaping how people plan and experience travel. From curated videos on Instagram Reels to booking engines that build entire itineraries in seconds, AI is becoming a powerful force in how journeys are imagined, booked, and lived. But this shift raises an important question: is AI giving travellers more freedom, or quietly steering their choices?Fahd Hamidaddin, Founding CEO of the Saudi Tourism Authority and President of the upcoming TOURISE Summit, believes AI can do both, speaking to AI News. In a wide-ranging conversation, he explained how AI is transforming travel discovery, personalisation, cultural exchange, and ethics—and why the industry…

British fintech Revolut — now launching in India — says cross-border payments remain one of India’s most underserved financial services. By its estimate, Indians spend about $30 billion overseas every year and lose around $600 million in bank charges — fees its India head calls “criminal.” “It has been the preserve of banks,” Paroma Chatterjee, Revolut India CEO, told TechCrunch. “You go to your bank to take currency, foreign exchange out from your bank, or you take a travel card that is issued by your bank when you’re traveling overseas … there have been humongous charges which have been levied…

Samuel Boivin | Nurphoto | Getty ImagesAnthropic on Wednesday said it plans to open its first office in India, entering a market where artificial intelligence usage is growing and its rival OpenAI is already making headway.The Amazon-backed AI firm, valued at $183 billion, said it plans to open an office in Bengaluru in early 2026. It will be the company’s second office in Asia after Tokyo, Japan.Dario Amodei, CEO of Anthropic, is visiting India this week to meet with public officials and enterprise partners, the company said.AI adoption among both consumers and businesses is expected to ramp up quickly in…

Qapita, a Singapore-based equity management platform, has raised $26.5 million in a Series B round led by Charles Schwab. As part of the deal, Charles Schwab has introduced a new platform called Schwab Private Issuer Equity Services — powered by Qapita — which let’s U.S. startups manage their cap tables, administer stock plans, and prepare for public listings. Founded in 2019 by former banker Ravi Ravulaparthi (CEO) with Lakshman Gupta (COO) and Vamsee Mohan (CTO) (pictured above, from left to right), Qapita helps private companies track ownership, manage employee equity, and facilitate secondary share sales. The startup serves private companies…

Amazon is launching prescription drug kiosks at some One Medical offices in Los Angeles, the company announced Wednesday, in a move that could disrupt brick-and-mortar pharmacy businesses.The kiosks are operated by Amazon Pharmacy and work similar to a vending machine, disbursing prescriptions for patients “within minutes” of their doctor visit, the company said.Each machine can stock hundreds of prescriptions, such as antibiotics, inhalers and blood pressure treatments, with inventory that’s tailored to specific locations.”We know that when patients have to make an extra trip to the pharmacy after seeing their doctor, many prescriptions never get filled,” said Hannah McClellan, Amazon…

OpenAI held its annual dev day on Monday, where the company rolled out its plan to build apps into ChatGPT. The demo was impressive, showing how programs like Spotify and Figma can be called or discovered without leaving the ChatGPT window. With so much of the tech world barreling toward AI integration, OpenAI’s demo was the best picture yet of what an AI-first internet might actually look like, with interfaces like ChatGPT querying information and executing commands directly. If you’re watching closely, you may have noticed that there’s a lot of room in this system for money to change hands.…