Billionaire Elon Musk’s AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion. The secondary stock offering, which comes after xAI acquired Musk’s social media platform, X, for $33 billion, will allow staff to sell shares to new investors. The tender offer will likely precede a larger…
IBM on Monday said that it has acquired Seek AI, an AI platform that allows users to ask questions about enterprise data using natural language, for an undisclosed sum. Seek CEO and founder Sarah Nagy said that the startup’s technology will be a key part of Watsonx AI Labs, IBM’s new NYC-based AI accelerator, which…
Chime, whose pending IPO is expected to be one of 2025’s blockbuster hits, issued a share price range on Monday of $24 to $26. That a market cap of up to $11.2 billion. At the midrange, the company will raise $800 million for itself and a handful of investors, including European VC powerhouse Cathay Innovation,…
Updated 1:13 p.m. Pacific: A Salesforce spokesperson told TechCrunch that Moonhub has not, in fact, been acquired (by the company’s definition of the term). Rather, Moonhub is shutting down, and only some of the company’s team — not the whole team, as MoonHub implied in its post about the news — will be joining Salesforce….
Maggie Stamets is a Podcast Producer for TechCrunch based in Denver, Colorado. Previously, she worked as the Brand and Content Manager for BUILT BY GIRLS where she developed an interest in tech and a passion for creating equitable and welcoming professional tech spaces. She holds a bachelor’s degree in Journalism with a minor in English…
Elon Musk’s brain computer interface startup Neuralink closed a $650 million funding round, the company announced in a blog post on Monday. The Series E fundraise included investors such as ARK Invest, Founders Fund, Sequoia Capital, and Thrive Capital, among others. Neuralink last raised a $280 million Series D funding round in 2023, with an…
A platform for chatting and role-playing with AI-generated characters, Character.AI announced in a blog post on Monday that it is rolling out a slate of multimedia features. These features include AvatarFX, Character.AI’s video-generation model, plus Scenes and Streams, which allow users to create videos featuring their characters and then share them on a new social…
The surge in data company acquisitions continued Monday with Snowflake’s purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren’t disclosed. Snowflake declined to comment…
If you’ve ever been locked out of your work computer, you know the urgent need to reach IT support. Unfortunately, help desk staff are often busy assisting others, which can mean a significant delay before you regain access. Andrei Serban realized the critical importance of IT’s manual work when he was a product lead on…
After a while, Danae Shell got tired of hearing the same story over and over again. “Something bad would happen to someone at work, and the story always ended the same way,” she told TechCrunch. “They just left, because doing anything else was incredibly complex and expensive.” One doesn’t need to look far to notice…
