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The Download: AI’s impact on the economy, and DeepSeek strikes again
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. The State of AI: Welcome to the economic singularity —David Rotman and Richard Waters Any far-reaching new technology is always uneven in its adoption, but few have been more uneven than generative AI.…
Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M
Meta has finally found a willing buyer for Giphy, the animate GIF search engine it acquired for $400 million three years ago. The move comes some seven months after the U.K.’s antitrust authority issued a final order for Meta to sell Giphy, on the grounds that the merger reduced dynamic competition. This is breaking, refresh […]
Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M by Paul Sawers originally published on TechCrunch
Adobe brings Firefly’s generative AI to Photoshop
Photoshop is getting an infusion of generative AI today with the addition of a number of Firefly-based features that will allow users to extend images beyond their borders with Firefly-generated backgrounds, use generative AI to add objects to images and use a new generative fill feature to remove objects with far more precision than the […]
Adobe brings Firefly’s generative AI to Photoshop by Frederic Lardinois originally published on TechCrunch
Sequoia India’s Surge backs AI-powered video creation platform Gan.ai in $5.2M funding
As many as 91% of consumers want to see more videos from brands, according to a recent survey by the startup Wyzowl, which says it surveyed more than 500 respondents. Google meanwhile reported in 2019 that 55% of consumers use videos in their purchasing decisions. Though the data may be in both companies’ self-interest – Wyzowl […]
Sequoia India’s Surge backs AI-powered video creation platform Gan.ai in $5.2M funding by Kate Park originally published on TechCrunch
Suddenly, everyone wants to talk about how to regulate AI
This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. It feels as though a switch has turned on in AI policy. For years, US legislators and American tech companies were reluctant to introduce—if not outright against—strict technology regulation. Now both have…
E3 Capital and Lion’s Head climate fund hits first close at $48M to back African startups
The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund by early-stage VC E3 Capital (formerly Energy Access Ventures), and emerging markets-focused investment bank Lion’s Head Global Partners, has hit the first close at $48.1 million. The E3LCEF limited partners include FMO, the Dutch entrepreneurial development bank; Swedfund International AB, the Swedish development finance […]
E3 Capital and Lion’s Head climate fund hits first close at $48M to back African startups by Annie Njanja originally published on TechCrunch
South African challenger bank TymeBank raises $77.8M from Norrsken22 and Blue Earth Capital
South African digital banking platform TymeBank has raised $77.8 million in a pre-Series C round led by African-focused growth stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital. TymeBank expects to close its Series C round later this year, it said in a statement. Tencent, the lead investor in the fintech’s $70 […]
South African challenger bank TymeBank raises $77.8M from Norrsken22 and Blue Earth Capital by Tage Kene-Okafor originally published on TechCrunch
Collaborative Fund and the Wyss Institute partner to bridge the climate tech ‘valley of death’
Many new discoveries and technologies never make it out of the lab, let alone to market. Climate tech needs that to change.
Collaborative Fund and the Wyss Institute partner to bridge the climate tech ‘valley of death’ by Tim De Chant originally published on TechCrunch
Max makes its debut in the U.S. to give subscribers 35K hours of content
Warner Bros. Discovery (WBD) launched Max to U.S. subscribers on Tuesday, giving them access to 35,000 hours of content—more than double the amount that HBO Max offered. Beginning today, a large portion of HBO Max subscribers will be automatically upgraded to Max, whereas other customers will have to download the new streaming app manually. All […]
Max makes its debut in the U.S. to give subscribers 35K hours of content by Lauren Forristal originally published on TechCrunch
Food delivery by drone is just part of daily life in Shenzhen
My iced tea arrived from the sky. In a buzzy urban area in Shenzhen, China, sandwiched between several skyscrapers, I watched as a yellow-and-black drone descended onto a pickup kiosk by the street. The top of the vending-machine-size kiosk opened up for the drone to land, and a white cardboard box containing my drink was…