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OpenAI CEO Sam Altman admits that AI’s benefits may not be widely distributed
In a new essay on his personal blog, OpenAI CEO Sam Altman said the company is open to a “compute budget,” among other “strange-sounding” ideas, to “enable everyone on Earth to use a lot of AI” and ensure the benefits of the technology are widely distributed. “The historical impact of technological progress suggests that most […]
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Sonos CEO Patrick Spence is leaving following app update disaster
Some changes at Sonos. Patrick Spence, the company’s chief executive officer (pictured above), is leaving the company after eight years in the job. Tom Conrad, the co-founder of Pandora and a Sonos board member, is stepping in as interim CEO starting today. 2024 has been a complicated year for the speaker manufacturer. The company released […]
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The Download: IVF embryo limbo, and Anthropic on AI agents
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Inside the strange limbo facing millions of IVF embryos Millions of embryos created through IVF sit frozen in time, stored in cryopreservation tanks around the world. The number is only growing thanks to…
Float Financial, which aims to be the Brex of Canada, lands US$48.5M Series B
Float Financial, an expense management and corporate card startup focused on the Canadian market, has raised $48.5 million in a Series B funding round. The Toronto-based fintech likens itself to U.S.-based fintech giants Brex and Ramp but says it is different in that its sole focus is on Canadian SMBs, which CEO and co-founder Rob […]
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A breach of a data broker’s trove of location data threatens the privacy of millions
The company confirmed the breach after a hacker posted millions of location data records online.
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UK domain giant Nominet confirms cybersecurity incident linked to Ivanti VPN hacks
Nominet, the U.K. domain registry that maintains .co.uk domains, has experienced a cybersecurity incident that it confirmed is linked to the recent exploitation of a new Ivanti VPN vulnerability. In an email to customers, seen by TechCrunch, Nominet warned of an “ongoing security incident” under investigation. Nominet said hackers accessed its systems via “third-party VPN […]
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More money comes to AI healthcare: Qventus nabs $105M at $400M+ valuation
Healthcare is proving to be one of the more lucrative industries for building AI solutions to speed up clinical, research and administrative operations. Now, we have one of the latest examples of how that is playing out in terms of venture funding. Qventus, a startup that builds AI-based tools to automate work across a range […]
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CoreWeave’s first international data centers are now live in the UK
Coreweave, the $19 billion cloud computing company that provides companies with AI compute resources, has formally opened its first two data centers in the U.K. — its first outside its domestic U.S. market. CoreWeave opened its European headquarters in London last May, shortly after hitting a $19 billion valuation off the back of a $1.1. […]
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Mastodon announces transition to non-profit structure
Decentralized social network organization Mastodon said Monday that it is planning to create a new non-profit organization in Europe and hand over ownership of entities responsible for key Mastodon ecosystem and platform components. This means one person won’t have control over the entire project. The organization is trying to differentiate itself from social networks controlled […]
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UK throws its hat into the AI fire
In 2023, the U.K. made a big song and dance about the need to consider the harms of AI, giving itself a leading role in the wider conversation around AI safety. Now, it’s whistling a very different tune: today, the government announced a sweeping plan and a big bet on AI investments to develop what […]
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