Category: News

Apple has announced the acquisition of Pixelmator, a photo-editing application offering powerful tools for MacOS, iPadOS, and iOS users. Founded in 2007 by Lithuanian brothers Saulius and Aidas Dailide, Pixelmator quickly became a more affordable alternative to Adobe Photoshop, providing a robust solution for image editing. With tools for layer-based editing, filters, color correction, and...

To strengthen the deep tech sector in the region, the European Union will invest €1.4 billion next year. This fund, managed by the European Innovation Council (EIC) under the EU’s research and innovation program, aims to position Europe as a key competitor to tech giants like the U.S. and China. This new budget allocation represents...

After launching for U.S. users in February, Amazon’s shopping-focused chatbot Rufus is expanding its reach to Europe. Having launched in India in August and in the UK in September, Rufus is now available in beta across Germany, France, Italy, and Spain as of yesterday. The generative AI shopping assistant Rufus is trained on Amazon’s full...

In a strategic move to optimize its AI infrastructure and reduce operational costs, OpenAI has partnered with Broadcom and TSMC to create a custom AI chip. This project aims to diversify OpenAI’s hardware supply, lessening its reliance on Nvidia GPUs while expanding its sourcing strategy to include alternative providers like AMD. Initially, OpenAI considered establishing...

A group of 13,500 artists, including renowned names like actress Julianne Moore, members of Radiohead, and Nobel Prize-winning author Kazuo Ishiguro, along with major record labels such as Universal Music Group, have come together to protest the unauthorized use of their works in the training of generative AI systems. They have launched a petition to...

Electric car manufacturer Tesla recently introduced its pedal-free and steering wheel-free robotaxis during the “We, Robot” event and is gearing up to launch them on the roads of California and Texas next year. During the third-quarter earnings call, Tesla CEO Elon Musk revealed that the company has already begun testing a ride-sharing platform in the...

In September, former OpenAI CTO Mira Murati announced her departure from the company through a post on X. According to sources close to the matter, Murati is now seeking investment for her new AI startup. While the name of the venture has not yet been disclosed to the public, the startup aims to develop AI-powered...

According to The Wall Street Journal, artificial intelligence startup Perplexity AI is in talks to raise $500 million, aiming for an $8 billion valuation. Currently valued at $3 billion, the company seeks to more than double its valuation with this new funding round. Based in Silicon Valley, Perplexity AI is entering its fourth funding round...

Stripe’s interest in crypto infrastructure has made headlines with reports suggesting it is set to acquire Bridge, a stablecoin platform. These rumors gained more traction after TechCrunch founder Michael Arrington posted about it on X (formerly Twitter) on Sunday. According to Arrington’s post, Stripe finalized the purchase of Bridge for $1.1 billion following negotiations that...

Czech Republic and Luxembourg-based investment firm Tensor Ventures has established a new €50 million fund aimed at investing in startups operating in strategic areas such as quantum technology, biotechnology, security, Software 2.0, energy, and climate. Founded in 2018 by deep-tech experts Roman Smola, Martin Drdul, and Petr Ulvr, Tensor Ventures focuses on investing in pioneering...