Author: GT

CoreWeave shares sank 13% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer that hit full-year guidance in its latest earnings report.”Quite frankly, every single part of this quarter went exactly as we planned, except for one delay at a singular data center,” Intrator told CNBC’s “Squawk on the Street” on Tuesday.He then clarified that a “singular data center provider” is more accurate.”Some people might think it’s one complex, but when I go over the numbers, we’re talking about multiple places,” CNBC’s Jim Cramer said. “And it just so happens that the places are all connected to…

Lovable, the Stockholm-based AI coding platform, is closing in on 8 million users, CEO Anton Osika told this editor during a sit-down on Monday, a major jump from the 2.3 million active users number the company shared in July. Osika said the company — which was founded almost exactly one year ago — is also seeing “100,000 new products built on Lovable every single day.” The metrics suggest rapid growth of the startup, which has raised $228 million in total funding to date, including a $200 million round this summer that valued the company at $1.8 billion. Rumors have swirled…

The tech industry is moving fast and breaking things again — and this time it is humanity’s shared reality and control of our likeness before and after death — thanks to artificial intelligence image-generation platforms like OpenAI’s Sora 2.The typical Sora video, made on OpenAI’s app and spread onto TikTok, Instagram, X and Facebook, is designed to be amusing enough for you to click and share. It could be Queen Elizabeth II rapping or something more ordinary and believable. One popular Sora genre is fake doorbell camera footage capturing something slightly uncanny — say, a boa constrictor on the porch…

Gamma, a startup that creates AI-generated presentations, websites, and social media posts, announced on Monday a $68 million Series B round at a $2.1 billion valuation led by Andreessen Horowitz.  Co-founder and CEO Grant Lee posted on X that the company has profitably hit $100 million in ARR, with 70 million users. The startup hit $50 million profitably in its first two years, Lee previously posted. Gamma last raised a $12 million Series A round led by Accel in 2024.  Gamma isn’t exactly a new-to-the-scene AI startup (at least by AI standards). It was founded in late 2020, according to Lee’s LinkedIn, with its product first launching in 2022.  Its more cautious raising trajectory (by AI standards) helped it hit a double-unicorn valuation on a total fundraising of about $90 million. This was achieved…

Google announced on Monday that it’s starting to roll out Gemini to the Google TV Streamer, replacing Google Assistant. The tech giant says the change will enable users to use their voice more naturally to access content and more. For example, users can now ask something like, “I like dramas but my wife likes comedies. What’s a movie we can watch together?” when looking for movie recommendations. Or, users could quickly catch up on a show they’re returning to by asking something like, “What happened at the end of Outlander last season?” In another example, Google says users can even…

Kaltura, a New York-headquartered AI video platform company, is acquiring eSelf.ai, an Israel-based startup behind conversational avatars — AI-generated digital humans that can talk with users — for about $27 million. Kaltura announced today that it has signed a definitive agreement to acquire eSelf, a platform supporting more than 30 languages and featuring a user-friendly studio for creating, customizing, and deploying photorealistic digital avatars. Co-founded in 2023 by CEO Alan Bekker, who previously sold his first startup, Voca, to Snap in 2020 — and CTO Eylon Shoshan, eSelf brings deep technical expertise in speech-to-video generation, low-latency speech recognition, and screen…

BEIJING (AP) — The stranded crew of a Chinese space mission is “in good condition, working and living normally,” China’s Manned Space Engineering office said on Tuesday.The three astronauts on the Shenzhou-20 mission are facing a delayed return to Earth after their scheduled Nov. 5 return was aborted after their spacecraft was believed to have been struck by a small piece of space debris.The return has been pushed back to an unspecified date, but the mission team is carrying out tests and drills, according to a statement issued by the space agency.“The Shenzhou-20 crew is in good condition, working and…

Rad Power Bikes has informed its employees that it will shut down in January if it is unable to find new funding or get acquired, according to an internal staff email viewed by TechCrunch. The company’s leadership is “still fighting to find ways to continue,” and “the cessation of Rad’s operations is not a forgone conclusion,” according to the email, which was sent by Rad Power’s “people team.” Rad Power employees were told there had been a “very promising” option to keep the company alive that “appeared to be likely to close,” but the deal — which was not specified…

People often think about tech bubbles in apocalyptic terms, but it doesn’t have to be as serious as all that. In economic terms, a bubble is a bet that turned out to be too big, leaving you with more supply than demand.   The upshot: It’s not all or nothing, and even good bets can turn sour if you aren’t careful about how you make them.  What makes the question of the AI bubble so tricky to answer is mismatched timelines between the breakneck pace of AI software development and the slow crawl of constructing and powering a data center.  Because these data centers take…

TOKYO (AP) — Japanese technology company SoftBank Group Corp. said Tuesday that it has sold all the Nvidia Corp. shares that it owned for $5.83 billion, while it reported higher than expected profit in the first half of this fiscal year.Tokyo-based SoftBank Group Corp. said it sold the stake in Nvidia in October.SoftBank reported its profit in April-September soared to almost triple what it was a year earlier. Its sales for the six months edged up 7.7% to 3.7 trillion yen ($24 billion), it said. SoftBank’s fortunes tend to fluctuate because it invests in a range of ventures, including through…