Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say

February 1, 2025

When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1 […]

© 2024 TechCrunch. All rights reserved. For personal use only.

How to delete X and move on with your life

February 1, 2025

As Elon Musk’s X sees a decline in daily active users, some people are deciding to ditch the social network entirely, whether that’s for Bluesky, Mastodon, Threads, or perhaps, better yet, nothing at all. Since the Tesla and SpaceX CEO bought Twitter in 2022, numerous alternatives have cropped up, seeking to ensnare people who are […]

© 2024 TechCrunch. All rights reserved. For personal use only.

AI agents could birth the first one-person unicorn — but at what societal cost?

February 1, 2025

Thanks to the advent of cloud computing and distributed digital infrastructure, the one-person micro-enterprise is far from a novel concept. Cheap on-demand compute, remote collaboration, payment processing APIs, social media, and e-commerce marketplaces have all made it easier to “go it alone” as an entrepreneur. But what about scaling that one-person business into something meatier […]

© 2024 TechCrunch. All rights reserved. For personal use only.

India pledges fresh billion for startups

February 1, 2025

India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the world’s fifth-largest economy. Finance Minister Nirmala Sitharaman, presenting the federal budget for 2025-26, said the fund builds on […]

© 2024 TechCrunch. All rights reserved. For personal use only.

OpenAI used this subreddit to test AI persuasion

January 31, 2025

OpenAI used the subreddit, r/ChangeMyView, to create a test for measuring the persuasive abilities of its AI reasoning models. The company said so in a system card – a document outlining how an AI system works – that was released along with its new “reasoning” model, o3-mini, on Friday. Millions of Reddit users are members […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Sam Altman: OpenAI has been on the ‘wrong side of history’ concerning open source

January 31, 2025

To cap off a day of product releases, OpenAI researchers, engineers, and executives, including OpenAI CEO Sam Altman, answered questions in a wide-ranging Reddit AMA on Friday. OpenAI the company finds itself in a bit of a precarious position. It’s battling the perception that it’s ceding ground in the AI race to Chinese companies like […]

© 2024 TechCrunch. All rights reserved. For personal use only.

MLCommons and Hugging Face team up to release massive speech data set for AI research

January 31, 2025

MLCommons, a nonprofit AI safety working group, has teamed up with AI dev platform Hugging Face to release one of the world’s largest collections of public domain voice recordings for AI research. The data set, called Unsupervised People’s Speech, contains more than a million hours of audio spanning at least 89 different languages. MLCommons says […]

© 2024 TechCrunch. All rights reserved. For personal use only.