Patrick Morrisey, VP of corporate communications at GM, told TechCrunch that the reduction in spending is still in effect, despite today’s capital infusion.
In total, Cruise has already raised over $15 billion, per Crunchbase data.
In October, a Cruise robotaxi ran over and dragged a pedestrian 20 feet in San Francisco.
The pedestrian had initially been hit by a human-driven car and landed in the path of a Cruise robotaxi.
In other states where AV companies don’t need to acquire permits, Cruise is already making a comeback.
You could open up the TikTok app and snap a picture of it to find similar items available for purchase on TikTok Shop.
The ability to use image search for shopping is something that Google has offered for years with Google Lens, its visual search tool.
TikTok recently revealed that TikTok Shop now has more than 15 million sellers worldwide, including over 500,000 in the U.S.
It spent more than $400 million on platform safety and created a team of more than 7,500 people to help keep TikTok Shop safe.
TikTok has been betting big on e-commerce, as it sees TikTok Shop as its next big potential revenue source.
But confirming the source of the alleged data theft has proven inconclusive, such is the nature of the data broker industry, which gobbles up individuals’ personal data from disparate sources with little to no quality control.
But this alleged breach of a data broker appears to be an outlier, in part because some of the data appears genuine and some already verified.
The proliferation and commoditization of personal data across the data broker industry also makes it more challenging to identify the source of data leaks.
And even if this particular data breach remains unsolved, it shows once more that the data broker industry is out of control and poses real privacy issues to ordinary people.
We couldn’t definitively solve the mystery of this data breach, but there was enough there to detail our verification efforts.
Light, the maker of the minimalist phone with an e-paper screen, is announcing its newest model, the Light Phone III.
Like its earlier counterpart, the Light Phone III offers a simple black-and-white display, without access to social media, the internet or email.
Between the first two models, the Light Phone I and Light Phone II, the company has shipped over 100,000 devices, with the latter accounting for roughly two-thirds of those sales.
The Light Phone III will target the larger demographic that are already using the non-smartphone as their main device.
Image Credits: LightAll the upgrades make the new device more expensive: The Light Phone III is $799 compared with the $299 Light Phone II.
Mistral AI has closed its much rumored Series B funding round with General Catalyst leading the round.
The company has secured €600 million (around $640 million at today’s exchange rate) in a mix of equity and debt.
As a reminder, Mistral AI is a relatively new entrant in the artificial intelligence space.
It also has distribution partnerships with cloud providers, such as Microsoft Azure — Microsoft is also a minor shareholder in Mistral AI.
According to the Financial Times, Mistral AI raised €468 million in equity and €132 million in debt (around $500 million and $140 million respectively).
“Big tech companies have ‘mis-set’ expectations when it comes to AI,” Heltewig told TechCrunch.
According to one survey, over half of businesses have already invested in AI capabilities to support their customer service operations.
Per market research firm Markets and Markets, revenue in the market for call center AI alone is set to climb from $1.6 billion in 2022 to $4.1 billion by year-end 2027.
And it’s scalable; Cognigy manages AI agents that can handle up to tens of thousands of customer conversations at once.
Image Credits: Cognigy“Cognigy provides a platform to build, operate and analyze AI agents for customer experiences in the contact center,” Heltewig said.
Following a keynote presentation at WWDC 2024 that both introduced Apple Intelligence and confirmed a partnership that brings GPT access to Siri through an deal with OpenAI, SVP Craig Federighi confirmed plans to work with additional third-party models.
The first example given by the executive was one the companies with which Apple was exploring a partnership.
“We’re looking forward to doing integrations with other models, including Google Gemini, for instance, in the future,” Federighi said during a post-keynote conversation.
Apple says users will be able to access the system without having to sign up for an account or paying for premium services.
“Now you can do it right through Siri, without going through another tool,” the Apple executive said.
When Slack CEO Denise Dresser was handed the reins last November, she was the third CEO in less than a year at the enterprise communications company.
The SaaS Stage lineup, including our discussion with Denise Dresser, is taking place on Oct 29th – learn more about the event here.
About TechCrunch Disrupt 2024TechCrunch Disrupt is where you’ll find innovation for every stage of your startup journey.
Over 10,000 startup leaders will be attending this year’s event on October 28-30 in San Francisco.
We can’t wait to hear from Denise Dresser and more SaaS leaders at this year’s show.
Apple announced a ton of new AI features under the new Apple Intelligence moniker.
While the features are free to use, only a limited number of devices will get access to them.
These devices include on iPhone 15 Pro along with iPad and Mac with M1 or newer chips.
So older iPhones or iPhone 15 users won’t be able to use these abilities.
The new Apple Intellgience features include revamped Siri, writing features across the system, image generation capabilities, and genAI-powered emoji.
It’s been described as “the largest merger in African e-commerce” by both companies.
When the planned merger was first announced, the B2B e-commerce players were active in eight countries.
These recent moves suggest the new entity will likely serve fewer than the 450,000 retailers quoted during the merger announcement.
As the merger nears completion, the CEOs from both companies will continue as full-time executives but function in different roles.
“Regarding our merger with MaxAB, it is important to state that this is progressing as expected and in accordance with the initial terms.
