Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs

April 25, 2024

Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery. On Tuesday, ARCH Venture Partners and Foresite Labs, an affiliate of Foresite Capital, announced that they incubated Xaira Therapeutics and funded the AI biotech with $1 billion. Other investors […]

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

Anduril moves ahead in Pentagon program to develop unmanned fighter jets

April 24, 2024

Anduril Industries has taken another step forward in its quest to become the next great American prime, this time by beating out major defense companies to develop and test small unmanned fighter jet prototypes. The venture capital darling beat out Boeing, Lockheed Martin and Northrop Grumman on the deal, under the Air Force’s Collaborative Combat […]

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

IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition

April 24, 2024

IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor years ago, recognizing that it could never compete with the big three – Amazon, Microsoft and Google. It has since moved onto helping IT departments manage complex hybrid environments, using its financial clout to acquire a portfolio of high profile companies. It […]

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

Rabbit’s R1 is a little AI gadget that grows on you

April 24, 2024

If there’s one overarching takeaway from last night’s Rabbit R1 launch event, it’s this: Hardware can be fun again. After a decade of unquestioned smartphone dominance, there is, once again, excitement to be found in consumer electronics. The wisdom and longevity of any individual product or form factor — while important — can be set […]

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

JioCinema launches 35-cent premium tier, stepping up rivalry with Netflix and Prime Video

April 24, 2024

JioCinema introduced a new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents. The revamp in the pricing strategy comes as the market-leading service seeks to exert greater pressure on rivals including Netflix and Prime Video. The service — backed by Asia’s richest man, Mukesh Ambani — introduced two monthly tiers: […]

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

Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M

April 24, 2024

AI is supercharging coding — and developers are embracing it. In a recent StackOverflow poll, 44% of software engineers said that they use AI tools as part of their development processes now and 26% plan to soon. Gartner estimates that over half of organizations are currently piloting or have already deployed AI-driven coding assistants, and […]

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

Radical thinks the time has come for solar-powered, high-altitude autonomous aircraft

April 24, 2024

Though many eyes are on space as orbit develops into a thriving business ecosystem, Radical is keeping things a little closer to the ground — but not too close. Its high-altitude, solar-powered aircraft aim to succeed where Facebook’s infamous Aquila failed by refining the tech and embracing more markets. It’s hard to believe that Facebook’s […]

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