When Joe Kinvi joined Touchtech Payments in 2017 as head of finance, the Irish startup couldn’t afford his full salary. So he negotiated for stock to make up the difference. Eighteen months later, Stripe acquired the company, and that equity converted into Stripe shares, enough to let Kinvi leave his job, bootstrap a side project,…
We’ve heard it all — X is turning into a right-wing echo chamber, Bluesky is a liberal bubble, and so on. But a glitch on Threads has turned these concerns into a reality: Everyone is saying the same exact thing over and over again. In a bug affecting some Threads users on desktop and mobile,…
OpenAI is phasing out its work with Scale AI and cutting ties with the data provider following Meta’s deal with the startup, an OpenAI spokesperson told Bloomberg on Wednesday. Sarah Friar, the chief financial officer of OpenAI, previously suggested the company would continue its work with Scale AI. Now, it appears OpenAI has changed its…
Midjourney, one of the most popular AI image generation startups, announced on Wednesday the launch of its much-anticipated AI video generation model, V1. V1 is an image-to-video model, in which users can upload an image — or take an image generated by one of Midjourney’s other models — and V1 will produce a set of…
There’s a lot of talk in the startup world about how AI makes individuals so productive that it could give rise to a generation of “solo unicorns” — one-person companies worth over $1 billion. While an actual solo unicorn remains a mythical creature, Israeli developer Maor Shlomo provided compelling evidence Wednesday that the concept might…
Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “mega-round,” and seven companies raised rounds that were $1 billion in size or larger. How will…
For some tense minutes on Wednesday, X users were surprised to see one of those crypto “airdrop” posts on Andreessen Horowitz’s blue check-marked account. A second tweet said that $5 million had already been given away. That account has 851,000 followers. A member of a16z’s crypto team saw the tweet and immediately posted a warning…
It’s been over four years since Spotify first announced its plans to launch a lossless audio tier that has yet to arrive. After numerous leaks and teases from company execs, we know better than to start hoping that the long-delayed service could be finally nearing arrival. But newly added references in the music app’s code…
Across hundreds of thousands of years of human existence, an impossible question has befuddled our species: why is the baby crying?! Sam Altman, who is both the father of a three-month-old and CEO of OpenAI, hopped on OpenAI’s new podcast today to talk about how his company is impacting his experience with fatherhood. Altman, who…
In late 2022, Noah Pepper, a former Stripe business lead for the Asia Pacific region, founded Multiplier, a startup that aimed to sell software to tax accounts. But soon after ChatGPT was released, he realized that AI can change how professional service firms use technology. “I realized I was barking up the wrong tree by…
