Author: GT

Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Klarna CEO Sebastian Siemiatkowski posted a surprising message on X.  Siemiatkowski’s family investment office, Flat Capital, had bought shares in io six months earlier, he said. Since this is an all-stock deal, those io shares will be converted into shares in the for-profit arm of OpenAI. “Excited that @FlatCapital was an investor in io and that we will now receive even more shares in OpenAI at a hefty return for an investment we did some…

Hinge Health, a digital physical therapy company, closed its first day of trading on the New York Stock Exchange on Thursday at $37.56, up about 17% over the $32 IPO price it set the previous day. That’s a good first-day result. But even with the pop, Hinge’s public valuation is significantly less than its last private market one. The 11-year-old company’s approximate market capitalization, excluding employee options, was about $3 billion, which is less than half of the $6.2 billion Hinge attained in its October 2021 Series E funding round, which was led by Tiger Global Management. Until recently, companies…

Anthropic CEO Dario Amodei believes today’s AI models hallucinate, or make things up and present them as if they’re true, at a lower rate than humans do, he said during a press briefing at Anthropic’s first developer event, Code with Claude, in San Francisco on Thursday. Amodei said all this in the midst of a larger point he was making: that AI hallucinations are not a limitation on Anthropic’s path to AGI — AI systems with human-level intelligence or better. “It really depends how you measure it, but I suspect that AI models probably hallucinate less than humans, but they…

CEOs are now so immersed in AI, they’re sending their avatars to address quarterly earnings calls instead of themselves, at least partially. After the Klarna CEO’s AI avatar appeared on an investor call earlier this week, Zoom CEO Eric Yuan followed suit, also using his avatar for initial comments. Yuan deployed his custom avatar via Zoom Clips, the company’s asynchronous video creation tool. “I am proud to be among the first CEOs to use an avatar in an earnings call,” he — or rather his avatar — said. “It is just one example of how Zoom is pushing the boundaries…

More than a decade ago, researchers at antivirus company Kaspersky identified suspicious internet traffic of what they thought was a known government-backed group, based on similar targeting and its phishing techniques. Soon, the researchers realized they had found a much more advanced hacking operation that was targeting the Cuban government, among others. Eventually the researchers were able to attribute the network activity to a mysterious — and at the time completely unknown — Spanish-speaking hacking group that they called Careto, after the Spanish slang word (“ugly face” or “mask” in English), which they found buried within the malware’s code.  Careto…

President Trump lashed out at Apple on Friday, threatening the company with a 25% tariff on iPhones unless it moves production to the U.S. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s [sic] that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump wrote on Truth Social. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank you for your attention to this matter!” Trump’s post comes days…

Time’s almost up — save big before prices jump in 3 days!  You’ve got until May 25 at 11:59 p.m. PT to save up to $900 on individual tickets to TechCrunch Disrupt 2025. Or double your impact — grab one Early Bird pass and get another for your +1 at 90% off. These deals will be vanishing fast — lock them in now. Step into the future of tech on October 27-29 at Moscone West in San Francisco. Join a global gathering of 10,000+ tech leaders, investors, and innovators for in-depth sessions, expert insights, unmatched networking, and to witness the…

In the startup world, access to cutting-edge tools isn’t the biggest obstacle — it’s knowing how to wield them with precision. At TechCrunch Sessions: AI, taking place on June 5 at UC Berkeley’s Zellerbach Hall, we’re digging into the frameworks and decisions that determine whether an AI startup can scale — or stall. We’re excited to welcome one of the most tactical voices in that conversation: Iliana Quinonez, Director of North America Startups Customer Engineering at Google Cloud. Impactful conversations are better shared — get up to $300 off your pass and 50% off a guest ticket. Register now to…

A Zoox autonomous robotaxi in San Francisco, California, US, on Wednesday, Dec. 4, 2024. David Paul Morris | Bloomberg | Getty ImagesAmazon’s Zoox robotaxi unit issued a voluntary recall of its software for the second time in a month following a recent crash in San Francisco.On May 8, an unoccupied Zoox robotaxi was turning at low speed when it was struck by an electric scooter rider after braking to yield at an intersection. The person on the scooter declined medical attention after sustaining minor injuries as a result of the collision, Zoox said.”The Zoox vehicle was stopped at the time…

For over 24 hours, many X users, including this reporter, have been experiencing issues with the site’s basic functionality. Some messages won’t load, timelines won’t update, and certain posts can’t be seen without a webpage refresh (or several). The trouble started Thursday afternoon, according to Downdetector, a crowdsourced platform for flagging web outages. Beginning at 2:12 p.m. Eastern, thousands of users submitted reports about bugs ranging from an inability to sign in to disappearing direct messages. X’s official Engineering account acknowledged the degraded service in a post on Thursday, claiming it was related to a data center outage. “X is…