Author: GT

Nearly 40% of Nvidia’s second quarter revenue came from just two customers, according to a filing with the Securities and Exchange Commission. On Wednesday, the chipmaker reported record revenue of $46.7 billion during the quarter that ended on July 27 — a 56% year-over-year increase largely driven by the AI data center boom. However, subsequent reporting highlighted how much of that growth seems to be coming from just a handful of customers. Specifically, Nvidia said that a single customer represented 23% of total Q2 revenue, while sales to another customer represented 16% of Q2 revenue. The filing does not identify…

It’s only been since June that Meta invested $14.3 billion in the data-labeling vendor Scale AI, bringing on CEO Alexandr Wang and several of the startup’s top executives to run Meta Superintelligence Labs (MSL). But the relationship between the two companies is already showing signs of fraying. At least one of the executives Wang brought over to help run MSL — Scale AI’s former Senior Vice President of GenAI Product and Operations, Ruben Mayer — has departed Meta after just two months with the company, two people familiar with the matter told TechCrunch.  Mayer spent roughly five years with Scale…

I recently moved to a new apartment, and unfortunately, the television didn’t make the cut during the amicable roommate split. While my studio isn’t as cramped as my previous living situations, fitting a bulky TV into the living area still felt impractical to me.  In my search for a suitable alternative, a startup called Lumi Labs reached out about testing its new portable projector, the Lumi Max. From the moment I unboxed it, I was impressed by how far projectors have come since my college days, when I struggled with a dingy one passed down from a friend that projected…

Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led by the Ocean SUV. But cracks started showing in that vision almost as soon as the Ocean hit the road in 2023.  Fisker cut production targets multiple times, failed to meet sales goals and laid off staff. What’s more, its Ocean SUV was beset with software and mechanical issues, rendering it inoperable for some. Add troublesome brakes, sudden power loss and doors that wouldn’t open to the list of issues that led to multiple safety investigations and ultimately a pause…

Taco Bell’s chief digital officer says the company is having an “active conversation” about when to use and not to use AI. The company has apparently rolled out voice AI-powered ordering at more than 500 drive-throughs, leading to unflattering viral moments like someone ordering 18,000 water cups in order to “bypass” the AI and get connected to a human server. Chief Digital and Technology Officer Dane Matthews told The Wall Street Journal that even he has mixed experiences with technology: “Sometimes it lets me down, but sometimes it really surprises me.” Overall, it sounds like Taco Bell is still deciding…

With 4 million app downloads, Estonia-based startup Vocal Image aims to help people improve their voice and communication skills with AI-powered coaching. But out of its 160,000 active users, it may be its CEO, Nick Lahoika, who best embodies its mission.  Lahoika was born in Belarus, didn’t speak English until his relocation to Estonia, and once struggled with speaking anxiety. Yet, he went on to “win a lot of pitch competitions” on behalf of the voice coaching startup, which was inspired by his journey, he told TechCrunch. “When I was at school, I was a little bit bullied for unclear…

Mukesh Ambani, India’s richest man and chairman of Reliance Industries, has unveiled an ambitious plan to build the country’s AI backbone through a new subsidiary — starting with strategic partnerships with Google Cloud and Meta. At the company’s 48th annual general meeting on Friday, Ambani launched a new venture called Reliance Intelligence, a subsidiary of Reliance Industries. The new venture aims to create a national-scale AI infrastructure, including enterprise tools and services for a variety of sectors. The move comes as India looks to catch up in the global AI race long dominated by the U.S. and China. “Reliance Intelligence…

Khalid Ashmawy remembers the first time he wired money home while studying in Europe. He had just received his monthly stipend as a master’s student in Stuttgart and wanted to send part of it back to his family in Cairo. It was usually a slow and expensive process, he recalled. A $400 wire transfer, for instance, could cost $40 in fees and take three business days to arrive. Years later, while working at Microsoft and Uber in the U.S., and even after founding a startup, that experience hadn’t improved much. The persistent pain point across different stages of his career…

The tech layoff wave is still kicking in 2025. Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi. So far this year, more than 22,000 workers have been the victim of reductions across the tech industry, with a staggering 16,084 cuts taking place in February alone. We’re tracking layoffs in the tech industry in 2025 so you can see the trajectory of the cutbacks and understand the impact on innovation across all types of companies. As businesses continue to embrace AI and automation, this tracker serves as a reminder of the human…

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership with Apple for its generative AI offering, Apple Intelligence, the release of GPT-4o with voice capabilities, and the highly-anticipated launch of its text-to-video model Sora. OpenAI also faced its share of internal drama, including the notable exits of high-level execs like co-founder and longtime chief…