Technology

Demos show that Khosla-backed robotics startup Genesis AI has reached full scale

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🚀 Discover this awesome post from TechCrunch 📖 📂 **Category**: AI,Robotics,Startups,foundational models,genesis,Genesis AI 📌 **What You’ll Learn**: Genesis AI, a startup that has raised $105 million to build basic AI for robots, has unveiled its first prototype, the GENE-26.5, and it comes with surprising hands. In a demo video, the company demonstrated several advanced tasks performed by a group of robotic hands that it designed in-house. “Model has always been the goal, because better model means better intelligence,” Zhou Qian, co-founder and CEO of Genesis, told TechCrunch. But the company soon realized it needed to control the devices. “So we…

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DeepSeek could be valued at up to $45 billion from its first investment round

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💥 Read this awesome post from TechCrunch 📖 📂 **Category**: AI,Startups,China,deepseek,In Brief ✅ **What You’ll Learn**: DeepSeek is in talks to raise its first round of venture capital, and within a few weeks, its potential valuation has risen from $20 billion to $45 billion, the Financial Times and Bloomberg reported. The Chinese AI lab rose to prominence in early 2025 after launching a large language model that was trained on a fraction of the computing power and at a fraction of the cost of large American models such as those at OpenAI and Anthropic. Since then, I have maintained a…

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Five AI economics engineers explain where things start

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💥 Discover this insightful post from TechCrunch 📖 📂 **Category**: AI,TC,applied intuition,ASML,Christophe Fouquet,Dimitry Shevelenko,Eve Bodnia,Francis deSouza,google cloud,Logical Intelligence,Milken Institute,Qasar Younis 💡 **What You’ll Learn**: Earlier this week, five people with expertise at every layer of the AI ​​supply chain sat down at the Milken Global Conference in Beverly Hills, where they spoke with this editor about everything from chip shortages to orbital data centers to the possibility that the entire architecture underpinning the technology is wrong. On stage with TechCrunch: Christophe Fouquet, CEO of ASML, the Dutch company that has a monopoly on extreme ultraviolet lithography machines without which modern…

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SpaceX may spend up to $119 billion on its ‘Terafab’ chip factory in Texas

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🔥 Discover this insightful post from TechCrunch 📖 📂 **Category**: AI,Hardware,Elon Musk,In Brief,Intel,semiconductors,SpaceX,xAI 💡 **What You’ll Learn**: SpaceX, Elon Musk's space company that also includes his artificial intelligence company xAI, is considering spending $55 billion, at least initially, to build a semiconductor factory in Grimes County, Texas, according to a proposal on the county's website. The company estimates it could spend a total of $119 billion on the project, which will be a “multi-phase, next-generation, vertically integrated semiconductor and advanced computing manufacturing facility,” according to the filing. Musk has previously outlined plans for the project, dubbed 'Terafab', which will also…

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The Justice Department says a ransomware ring exploited Russian government databases

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💥 Read this insightful post from TechCrunch 📖 📂 **Category**: Security,cyberattacks,cybercriminals,cybersecurity,justice department,Kremlin,ransomware,Russian government 💡 **What You’ll Learn**: A US court has sentenced Latvian hacker Denis Zolotargov to more than eight years in prison after convicting him of carrying out ransomware attacks. The Justice Department accused the hacker of working for a notorious Russian ransomware gang called Karakurt, which was led by former leaders of the Akira and Conte ransomware gangs, who were sanctioned by the US Treasury Department over their alleged ties to Russian intelligence. Prosecutors said Karakurt members targeted U.S. government entities with attacks that disabled the 911 emergency…

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Is xAI the new cloud now?

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🚀 Discover this must-read post from TechCrunch 📖 📂 **Category**: AI,Anthropic,data center,Elon Musk,neocloud,SpaceX,xAI ✅ **What You’ll Learn**: On Wednesday, xAI and Anthropic announced a surprise partnership that saw Claude's maker purchase "all of the computing capacity in... [xAI’s] “Colossus 1 Data Center,” approximately 300 megawatts, which allowed Anthropic to immediately raise usage limits. It's a huge deal for xAI, potentially worth billions of dollars. More importantly, it generated immediate monetization from one of the company's most impressive accomplishments, transforming xAI from a consumer into a provider of computing. It's tempting to see this arrangement as a shot at OpenAI amid…

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Snap says its $400 million deal with Perplexity ‘ended amicably’

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✨ Read this insightful post from TechCrunch 📖 📂 **Category**: AI,Apps,Social,Perplexity,Snap,Snapchat 💡 **What You’ll Learn**: Snap no longer has a deal with Perplexity, the company revealed Wednesday as part of its quarterly earnings report. The deal, announced last November, would have seen the Perplexity AI search engine integrated directly into Snapchat. Perplexity is set to pay Snap $400 million in cash and stock over one year as part of the deal. Snap said the two companies "amicably ended the relationship in the first quarter" and that its sales guidance "does not assume any contribution from Perplexity." When Snap announced the…

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20-minute pitch wins backing for Indian startup Pronto from Lachy Groom

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🚀 Read this awesome post from TechCrunch 📖 📂 **Category**: Startups,Lachy Groom,pronto 📌 **What You’ll Learn**: Lachie Groome, one of Silicon Valley's most watched individual investors, decided to back Indian startup Pronto just 20 minutes after his first meeting with its 24-year-old founder. The meeting, which took place in February through a back-and-forth connection, led to Groom investing $20 million in Pronto as an extension of its Series B round, valuing the startup at $200 million after the investment — double its valuation just over two months ago, as TechCrunch previously reported. The deal was reached within weeks, bringing the…

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Barry Diller trusts Sam Altman. But “trust is irrelevant” as artificial general intelligence approaches, he says.

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🚀 Discover this awesome post from TechCrunch 📖 📂 **Category**: AI,Media & Entertainment,Barry Diller,sam altman 📌 **What You’ll Learn**: Billionaire media mogul Barry Diller does not believe OpenAI CEO Sam Altman is untrustworthy, despite recent reports to the contrary. On stage at The Wall Street Journal's "Future of Everything" conference this week, Diller took aim at the AI ​​CEO, whom some former colleagues and board members have accused of being manipulative and sometimes deceitful. Diller, a friend of Altman, was responding to a question about whether or not people should put their trust in Altman to ensure that artificial intelligence…

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How Elon Musk left OpenAI, according to Greg Brockman

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🔥 Explore this trending post from TechCrunch 📖 📂 **Category**: AI,Elon Musk,greg brockman,OpenAI,openai lawsuit 💡 **What You’ll Learn**: In late August 2017, key figures at OpenAI (then a small non-profit research lab) met to discuss how to create a for-profit organization to commercialize its technology and raise the funds needed to achieve artificial general intelligence. Elon Musk was demanding full control of the company and had just given each of his co-founders a Tesla Model 3. CTO Greg Brockman said he saw it as a way to support them at a time when Musk and Sam Altman were vying to…

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