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

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 Par

Anduril moves ahead in Pentagon program to develop unmanned fighter jets

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

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

With HashiCorp, Big Blue gets a set of cloud lifecycle management and security tools, and a company that is growing considerably faster than any of IBM’s other businesses.

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

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, exc

JioCinema, the Indian streaming service, launches 35-cent tier to box out Netflix and Prime Video

JioCinema introduced new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents.

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

Augment, a startup developing an AI-powered platform similar to GitHub's Copilot, has launched out of stealth valued at nearly $1 billion.

TikTok ban signed into law by President Biden: How we got here, and what comes next

TikTok faces an uncertain fate in the U.S. once again. A bill including a deadline for TikTok parent company Bytedance to divest within nine months or face a ban on app stores to distribute the app in

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

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 airc

Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $65 billion and a whopping $1 trillion in total process

Why code-testing startup Nova AI uses open source LLMs more than OpenAI

Enterprises still don't trust OpenAI, while open source AI models are cheaper and more than sufficient for targeted specific tasks, Nova AI founder says.

WhatsApp adds global support for passkeys on iOS

WhatsApp is introducing support for passkey verification on iOS, removing the need for users to deal with SMS two-factor authentication.

Biden signs bill that would ban TikTok if ByteDance fails to sell the app

President Biden has signed a bill that would ban TikTok if its Chinese parent company, ByteDance, fails to sell it within a year. The bill, which includes aid for Ukraine and Israel, was passed by the

Reddit is making it easier to navigate conversations on its mobile apps

The company is launching a new unified media player, along with instant comment loading and a direct shortcut to conversations.

Dripos raises $11M Series A to replace Square, Toast and 8 other pieces of software

Dripos brings together point-of-sale, mobile payments, employee management and payroll, loyalty and marketing automation and administrative functions like accounting and banking.

TechCrunch Minute: Perplexity AI could be worth up to $3B. Here’s why

Perplexity AI‘s latest, large fundraising event could be quickly superseded by another, even larger chunk of capital, TechCrunch reports. Yes, the $62.7 million that the startup raised at just o

Seed-stage firm Eniac Ventures raises $220M across two funds

Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments, and $160 million for Eniac VI.

Stainless is helping OpenAI, Anthropic and others build SDKs for their APIs

Stainless, a startup building a platform to generate SDKs from APIs, has raised a seed round of funding from Sequoia.

Fintech gaming startup Sanlo’s webshop tool could help developers avoid costly app store fees

Sanlo, a fintech startup that helps gaming companies manage finances, announced Wednesday the closed beta launch of its webshop tool, giving select game developers and studios a plug-and-play solution

Anon is building an automated authentication layer for the GenAI age

As the notion of the AI agent begins to take hold, and more tasks will be completed without a human involved, it is going to require a new kind of authentication to make sure only agents with the prop

The TikTok ban clears key hurdle while Perplexity AI continues to shake up search

Well, if you are a big TikTok fan and live in the United States, I have some bad news for you: A bill that would force a sale of TikTok or ban it in the United States passed the Senate. And the presid
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