Technology
Flatpay, a provider of card payment solutions for SMBs, has entered the ranks of European fintech unicorns — startups with valuations exceeding $1 billion — a feat that has spurred some of the region’s most significant exits. These include rivals like Adyen, a major Dutch payment processor that still leads in scale. However, Flatpay’s new…
When Nigel Morris says he’s concerned about the economy, it’s worth paying attention. As those in the know are aware, Morris co-created Capital One and was a pioneer in lending to borrowers with less than ideal credit, building a vast enterprise on a detailed knowledge of how much financial pressure the average American can withstand….
The passing of Kit Kat, a bodega cat from the neighborhood, has deeply affected San Francisco’s Mission District, reports The New York Times. Following the incident where Kit Kat was struck by a Waymo autonomous vehicle on the evening of October 27, residents established a memorial for him. The vicinity now features various signs, some…
A recent International Energy Agency report states that global spending on data centers will reach $580 billion this year — exceeding investments in new oil supplies by $40 billion. These figures highlight significant shifts in the global economy. The comparison between data centers and oil is particularly relevant given concerns about the potential for generative…
Just weeks after Waymo’s co-CEO Tekedra Mawakana urged companies at TechCrunch Disrupt to share more data, Tesla has released its most in-depth analysis to date regarding the performance and safety of its advanced driver-assistance system. In a newly launched section on its website, Tesla asserts that in North America, users of its Full Self-Driving (Supervised)…
A California federal jury decided on Friday that Apple must compensate medical device company Masimo $634 million for infringing on a blood oxygen monitoring technology patent. According to Reuters, the jury determined that the workout mode and heart rate notification capabilities of the Apple Watch infringed on Masimo’s patent. “This represents a major victory in…
JPMorgan Chase reports receiving invoices totaling $142 million in legal costs for the defense of Charlie Javice and Olivier Amar, who held the positions of founder and chief marketing officer, respectively, at the financial aid startup Frank. In 2021, JPMorgan purchased Frank for $175 million. However, earlier that year, Javice and Amar were found to…
Following a two-week absence, YouTube TV and Disney revealed Friday they’ve come to an agreement. Along with restoring Disney channels such as ABC, ESPN, and FX to YouTube’s streaming service, the agreement will also allow ESPN to offer its new direct-to-consumer service on YouTube TV without an extra charge. YouTube will also have the option…
Since its debut in November 2022, ChatGPT, the AI chatbot from OpenAI that generates text, has become a global phenomenon. Initially conceived as a tool to enhance productivity by enabling users to create essays and code through concise text inputs, it has transformed into a massive platform boasting 300 million weekly active users. OpenAI experienced…
Andy Konwinski is worried about the U.S. potentially ceding its leadership in AI research to China, characterizing this shift as an “existential” threat to democracy. Konwinski is a co-founder of Databricks and also of Laude, an AI research and venture capital firm. “If you were to poll AI PhD candidates at Berkeley and Stanford right…
