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UK competition watchdog to scrutinise Microsoft and Amazon’s AI partnerships The Competition and Markets Authority is seeking views ahead of an examination into recent AI deals by Microsoft and Amazon. The Competition and Markets Authority is seeking views ahead of an examination into recent AI deals by Microsoft and Amazon. Tanya Weaverhttps://eandt.theiet.org/rssNewshttps://eandt.theiet.org/2024/04/25/uk-competition-watchdog-examine-microsoft-and-amazons-ai-partnershipsPowered by WPeMatico

Plastic production directly linked to plastic pollution, study finds A study undertaken by a consortium of global universities has found that for every 1% increase in plastic production there is an associated 1% increase in plastic pollution. A study undertaken by a consortium of global universities has found that for every 1% increase in plastic […]

Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman SachsGoldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at […]

xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholdersxAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which […]

Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturnNorwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, […]

The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require employees who aren’t senior executives to wait a set amount of time before joining a competitor […]

Snap says total watch time on its TikTok competitor increased more than 125%As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. […]

Boeing’s Starliner set to fly astronauts for the first time on May 6This will mark Starliner’s second flight to the ISS: The first, an uncrewed mission called Orbital Flight Test-2, took place in May 2022. © 2024 TechCrunch. All rights reserved. For personal use only.This will mark Starliner’s second flight to the ISS: The first, […]

Defense startup True Anomaly lays off around 25%, cancels summer internshipSpace and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned. © 2024 TechCrunch. All rights reserved. For personal use only.Space and defense startup True Anomaly has laid off around 25% of its […]

Rubrik’s shares end trading up almost 16% on the company’s public debutThis share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88% from its last primary valuation of $3.5 billion in 2019. © 2024 TechCrunch. All rights reserved. For personal use only.This share price gives Rubrik a fully diluted valuation of $6.6 […]