PayPal says it’s ‘becoming a technology company again.’ That means AI.
PayPal is pitching an AI-led turnaround, tying automation and restructuring to $1.5B in savings as it cuts jobs and works to modernize its tech stack.
Europe is pushing back on Washington’s chip war
As ASML CEO Christophe Fouquet told TechCrunch in May, what China can currently buy are older-generation deep ultraviolet tools — gear first shipped about a decade ago — the same machines the MATCH Act would now put off limits.
Others
Etsy launches its app within ChatGPT as it continues its AI push
Etsy’s new native app within ChatGPT aims to be a conversational shopping experience for users.
Kaspersky suspects Chinese hackers planted a backdoor into Daemon Tools in ‘widespread’ attack
The cybersecurity company says it’s seen thousands of infection attempts, and at least a dozen successful hacks after users installed malicious versions of the popular Windows software.
Hackers steal students’ data during breach at education tech giant Instructure
The data breach at education tech giant Instructure includes students’ private data, according to a sample of the allegedly stolen data seen by TechCrunch.
Meta will use AI to analyze height and bone structure to identify if users are underage
The visual analysis system is now operating in select countries, but Meta says it’s working toward a broader rollout.
ElevenLabs lists BlackRock, Jamie Foxx and Longoria as new investors
4. ElevenLabs reveals new investors, hits $500M ARR, and expands enterprise footprint as voice AI becomes a critical interface.
CopilotKit raises $27M to help devs deploy app-native AI agents
The Seattle-based startup’s Series A round was led by Glilot Capital, NFX and SignalFire, TechCrunch has exclusively learned.
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India’s first GenAI unicorn shifts to cloud services as AI model ambitions face reality
Krutrim’s pivot to cloud after layoffs and limited product updates reflects the economic challenges of building AI models in India.
Amazon bets Nobel Prize-based dehumidification can cut its energy use
Amazon will buy a new type of HVAC system for its commercial buildings to slash energy use.