Author: Advanced AI Editor
Image Credits:Slava Blazer Photography / TechCrunch Navin Chaddha, managing director of the 55-year-old Silicon Valley venture firm Mayfield, is betting big on AI’s ability to transform people-heavy industries like consulting, law, and accounting. The veteran investor, whose wins include Lyft, Poshmark, and HashiCorp, recently discussed at TechCrunch’s StrictlyVC evening in Menlo Park why he believes “AI teammates” can create software-like margins in traditionally labor-intensive sectors, and why startups should right now target neglected markets rather than compete head-to-head with giants like Accenture — though he acknowledged that disrupting outfits where relationships and trust matter is sometimes harder than Silicon Valley…
Screenshot | Image Credits:Airial The travel industry has gathered extensive data over the years about trips and transportation, and founders are using it to create every conceivable kind of AI travel startup. In fact, every word of this sentence is a link to a new AI travel tool. Now startups and incumbent travel tech companies are in a race to build one comprehensive tool that could plan and manage every part of your trip. Airial is one of the contenders that’s banking on its ability to map out your entire travel experience end-to-end. At a surface level, here’s how it…
Sam Altman said that the average ChatGPT query uses about one-fifteenth of a teaspoon of water, equivalent to 0.000083 gallons of water, or the energy required to power a lightbulb for a few minutes, per Business Insider. In addition to that, the chatbot requires 0.34 watt-hours of electricity to operate. OpenAI has unveiled o3-pro, an enhanced version of its o3, a reasoning model that the chatGPT maker launched earlier this year. O3-pro is available for ChatGPT and Team users and in the API, while Enterprise and Edu users will get access in the third week of June. OpenAI upgraded ChatGPT’s…
Mark Zuckerberg is stacking the deck in the AI race, betting that unlimited capital, top talent, and raw computing power will ensure victory. If the winning hand Zuckerberg is chasing—AI “superintelligence”— is still very much a vague and theoretical concept, the Meta CEO’s remarkable series of moves unveiled Monday instantly changed the reality for everyone else in the game, particularly the pioneering AI startups without Meta’s resources. Zuckerberg announced a major revamp of its AI operations on Monday, putting the company’s collection of AI businesses and projects under the umbrella of a newly created organization called Meta Superintelligence Labs, or…
Close-up of an unrecognizable man using a computer and wearing headphones on his head while holding an electric guitar and recording the sound. Musician and technology concept | Image Credits:Alberto Case / Getty Images A small company called Songscription launched last week with AI models that automate music transcription, turning an audio file of a song into sheet music within minutes. Operating on a freemium model, the product is geared toward both professional and hobbyist musicians. “We hope to make playing music more enjoyable,” Andrew Carlins, CEO of Songscription and a student in Stanford’s MBA/MA in Education program, told TechCrunch.…
As apocalyptic warnings for the job-killing potential of AI mount, here comes a test for Wall Street. Verint Systems, a $1.2 billion maker of software for call centers, has hired bankers to seek a buyer, according to people familiar with the matter. The process will give an early indication ofAI’s disruption to long-established industries — why sit on hold in a world where personal AI agents can negotiate refunds and flight changes? And importantly for companies, why employ thousands of humans to answer those calls? Verint’s stock is down about 25% year-to-date, despite efforts to position itself to the market…
Image Credits:Grammarly Grammarly announced Tuesday the acquisition of email client Superhuman in a push to build out its AI for its productivity suite. Neither companies provided details about the financial terms of the deal. Superhuman was founded by Rahul Vohra, Vivek Sodera, and Conrad Irwin. The company raised more than $114 million in funding from backers including a16z, IVP, and Tiger Global, with its last valuation at $825 million, according to data from venture data analytics firm Traxcn. “With Superhuman, we can deliver that future to millions more professionals while giving our existing users another surface for agent collaboration that…
Tech entrepreneur and investor Vinod Khosla’s prediction of AI automating 80% of high-value jobs by 2030 coincides with a reckoning for Fortune 500 companies. Khosla shared his predictions for the future in a wide-ranging interview on the Uncapped With Jack Altman podcast. As a venture capitalist and early investor in companies like Square and Instacart, Khosla offered advice for business leaders on navigating unprecedented changes ahead. Companies like Sears and Toys “R” Us collapsed under digital pressure, but Khosla warns the 2030s will see a “faster demise” of giants as AI rewrites industry rules. See below for an overview of…
SAN DIEGO – Key takeaways from the Samsara Beyond event after customer interviews, press conferences and facility tours is the growing use of artificial intelligence in physical operations to improve safety and efficiency. Safety and security was a chief concern for Samsara customers, who in a recent panel ranged from agriculture, chemical distribution and food service. Each had various types of fleets paired with a complex multi layered internal supply chain, requiring telematics and machine learning to improve efficiency. At a press conference following Samsara’s keynote, industry leaders from Nutrien Ag Solutions, Univar Solutions and Sysco discussed how Samsara’s AI-powered…
(Bloomberg) — Elon Musk’s X will start to publish Community Notes written by artificial intelligence agents, a move to increase the speed of the social network’s fact-checking product and expand it to reach more people. Most Read from Bloomberg Developers will soon be able to submit their own AI agents for review by the company. Those AI agents will write a series of practice notes behind the scenes, and if the company deems them helpful, the bot will be deployed to write notes that will appear publicly on the service. Humans will still review those AI-generated notes, and the note…