Tern AI wants to reduce reliance on GPS with low-cost navigation alternative 

June 12, 2024

The most critical systems of our modern world rely on GPS, from aviation and road networks to emergency and disaster response, from precision farming and power grids to weather forecasting and military defense. That dependence is becoming a problem.  “We’ve got an increased threat from foreign adversaries who have shown capabilities to jam, to destroy, […]

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Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale

June 12, 2024

Since fintech startup Brex’s inception in 2017, its two co-founders Henrique Dubugras and Pedro Franceschi have run the company as co-CEOs. But starting today, the pair told TechCrunch in an exclusive interview, the San Francisco-based corporate credit card and expense management company is shifting to a more traditional — and what they say should be […]

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This Week in AI: Apple won’t say how the sausage gets made

June 12, 2024

Hiya, folks, and welcome to TechCrunch’s regular AI newsletter. This week in AI, Apple stole the spotlight. At the company’s Worldwide Developers Conference (WWDC) in Cupertino, Apple unveiled Apple Intelligence, its long-awaited, ecosystem-wide push into generative AI. Apple Intelligence powers a whole host of features, from an upgraded Siri to AI-generated emoji to photo-editing tools that […]

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India’s 360 One acquires mutual fund app ET Money for $44M

June 12, 2024

360 One WAM, India’s largest wealth manager focused on ultra-high-net-worth individuals, has agreed to acquire popular Indian mutual fund investment app ET Money for about $44 million. 360 One disclosed (PDF) the deal in a stock exchange filing Wednesday evening.  ET Money boasts over 900,000 transacting clients and tracks assets under management of approximately $8.3 […]

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Helen Toner worries ‘not super functional’ Congress will flub AI policy

June 12, 2024

Helen Toner, a former OpenAI board member and the director of strategy at Georgetown’s Center for Security and Emerging Technology, is worried Congress might react in a “knee-jerk” way where it concerns AI policymaking, should the status quo not change. “Congress right now — I don’t know if anyone’s noticed — is not super functional, […]

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