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Tim raises $75 million to reshape electricity markets using AI

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✨ Discover this insightful post from TechCrunch 📖 📂 **Category**: Climate,Fundraising,Atomico,electricity,lightspeed venture partners,Exclusive,electrical grid,AlbionVC,Revent,Hitachi Ventures,Voyager Ventures,Schroders Capital ✅ **What You’ll Learn**: At a time when AI data centers are driving up electricity prices, London-based startup Team believes AI may be able to help solve the problem too. Tim built an AI-based energy transaction engine to lower prices compared to other energy traders. The company has signed up more than 2,600 business customers across the UK on the promise that buying energy from its utility division can save them up to 30% on their energy bills. The startup recently closed a…

Harvey reportedly amassed an $11 billion valuation just months after reaching $8 billion

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✨ Read this must-read post from TechCrunch 📖 📂 **Category**: Startups,TC,Harvey,In Brief ✅ **What You’ll Learn**: There seems to be no stopping legal AI startup Harvey's explosive growth, with venture capital constantly pouring money into it. Sources told Forbes that the company is in talks to raise another $200 million at a valuation of $11 billion, led by Sequoia and Singapore's GIC. If the deal is completed, Harvey's valuation will jump by $3 billion within months. In December, the company confirmed it had raised $160 million at an $8 billion valuation led by Andreessen Horowitz last fall. (Harvey declined to…

ChatGPT poses ads | TechCrunch

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🔥 Read this trending post from TechCrunch 📖 📂 **Category**: AI,Apps,Anthropic,ChatGPT,sam altman 💡 **What You’ll Learn**: OpenAI announced on Monday that it has begun testing ads in the United States for users on the Free and Go subscription tiers. The newest Go plan is a low-cost subscription priced at $8 per month in the US and rolled out globally in mid-January. Subscribers to paid OpenAI plans, including the Plus, Pro, Business, Enterprise and Education tiers, will not see ads, the company said. OpenAI sought to address concerns about how ads impact user experience, saying in a blog post: "Ads do…

Databricks’ CEO says SaaS isn’t dead, but AI will soon make it irrelevant

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🔥 Discover this awesome post from TechCrunch 📖 📂 **Category**: AI,Enterprise,Startups,ali ghodsi,Databricks,SaaS ✅ **What You’ll Learn**: Databricks announced Monday that it reached a revenue run rate of $5.4 billion, up 65% year over year, of which more than $1.4 billion came from its AI products. Co-founder and CEO Ali Ghodsi wanted to share these growth numbers because there's a lot of talk about how AI is killing SaaS businesses, he told TechCrunch. “Everyone says, ‘Oh, it's SaaS. What will happen to all these companies? “What is AI going to do with all these companies?” For us, it's just an increase…

Waymo is testing a driverless robotaxi in Nashville

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💥 Discover this awesome post from TechCrunch 📖 📂 **Category**: TC,Transportation,autonomous vehicles,robotaxis,Waymo 💡 **What You’ll Learn**: Waymo has pulled a human safety driver from its self-driving test vehicles in Nashville, as the Alphabet-owned company gets closer to launching a robotaxi service in the city. Waymo, which has been testing it in Nashville for months, is scheduled to launch a robotaxi service there this year in partnership with Lyft. Riders will initially book their rides directly through the Waymo app. Once the service expands, Waymo will also make its self-driving vehicles available through the Lyft app. Lyft said it will handle…

MrBeast buys Gen Z-focused fintech app Step

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✨ Discover this must-read post from TechCrunch 📖 📂 **Category**: Apps,Fintech,Venture,Banking,gen z,MrBeast,Step 💡 **What You’ll Learn**: YouTube Megastar MrBeast announced Monday that his company Beast Industries is buying Step, a teen-focused banking app. Step, which has raised half a billion dollars in funding and grown to more than 7 million users, provides financial services geared toward Gen Z to help them build credit, save money, and invest. The company has attracted famous investors such as Charli D'Amelio, Will Smith, The Chainsmokers, and Stephen Curry, as well as venture firms such as General Catalyst, Coatue, and payments company Stripe. If the…

Anthropic’s expansion into India clashes with a local company that already carries the name

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✨ Read this insightful post from TechCrunch 📖 📂 **Category**: AI,Anthropic,Exclusive,Trademark 📌 **What You’ll Learn**: As Anthropic expands into India, a local software company filed a lawsuit saying it was already using the name “Anthropic,” highlighting how the rapid global push of AI companies could clash with incumbent local companies. The introduction comes amid Anthropic deepening its focus on India, announcing an office in India last October, and recently appointing former Microsoft India managing director Irina Ghose to lead its operations in the country, underscoring the growing importance of the South Asia market for global AI companies expanding beyond the…

Lidar maker Ouster has bought vision company StereoLabs as it continues to integrate sensors

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🔥 Check out this trending post from TechCrunch 📖 📂 **Category**: Transportation,Lidar,Ouster,sensors ✅ **What You’ll Learn**: Lidar maker Ouster has acquired StereoLabs, a company that makes vision-based perception systems for robotics and industrial applications, for a combination of $35 million and 1.8 million shares. The deal is the latest in a drive toward consolidation among perception sensor suppliers. Just last month, MicroVision bought the lidar technology assets of thriving, now-bankrupt Luminar for $33 million. Ouster itself has played the M&A game a fair amount as well. In 2022, the company merged with competitor Velodyne. The year before that, it bought…

So, what’s going on with Musicboard?

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🔥 Check out this must-read post from TechCrunch 📖 📂 **Category**: Apps,musicboard 💡 **What You’ll Learn**: Musicboard, a music discovery and recommendations app, is experiencing difficulties, according to its users. Over the past few months, users said the app experienced service outages, the website went offline, and the Android app disappeared from the Play Store. This may relate to the user base allocated to it, albeit small. (The app has been downloaded about 462,000 times so far, according to market intelligence provider Appfigures.) On Reddit, users are recommending alternatives and offering support to each other while they wait for an…

Anthropy is close to a $20 billion round

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🔥 Read this trending post from TechCrunch 📖 📂 **Category**: AI,Fundraising,Anthropic,Microsoft,nvidia,OpenAI,xAI 📌 **What You’ll Learn**: Anthropic is in the final stages of raising $20 billion in new capital at a $350 billion valuation, Bloomberg reported, with investor demand leading the company to raise twice the funding it had planned to get. The company raised $13 billion in equity funding just five months ago, but intense competition among frontier labs and the ongoing cost of computing made them eager to raise money as quickly as possible. Funds expected to participate in the round include Altimeter Capital Management, Sequoia Capital, Lightspeed Venture…