Seattle’s Avante raises $10M in a round led by ex-Olive AI and Amperity execs.

Avante, a new startup based in Seattle, has successfully raised $10 million in seed funding, led by Fuse Venture Partners. This ambitious company aims to enhance the lives of millions. Its executive chairman is...

Stanford Research Reveals AI Legal Tools Susceptible to Generating Inaccurate Data

As technology continues to permeate every aspect of professional life, the legal sector is not left behind. Large language models (LLMs) have become integral to tasks that demand heavy information processing, with several companies...

Microsoft Updates Recall Feature: Now Opt-In with Enhanced Encryption Following Privacy Concerns

Microsoft has recently introduced significant updates to its AI-powered Recall feature on Copilot+ PCs following extensive criticism from security researchers over potential privacy risks. Initially revealed last month, Recall was designed to be a...

SiFi, a spend management startup, secures $10M to expand operations in Saudi Arabia

The global spend management sector is experiencing a significant tailwind of growth, driven by increasing internet penetration, technological advancements, and businesses' focus on prudent spending. North America is the largest market in this space,...

AI fintech LoanSnap, after raising $100 million, now faces lawsuits, fines, and eviction.

AI mortgage startup LoanSnap is currently grappling with numerous lawsuits from creditors and has been evicted from its headquarters in Southern California, leaving its employees concerned about the company’s future, TechCrunch has learned. Background and...

Ex-Salesforce, Microsoft Execs Raise $8M for AI Cybersecurity Startup

Seattle's bustling tech scene sees yet another promising startup, Averlon, stepping into the spotlight with a novel approach to cybersecurity. The company has recently secured $8 million in a seed funding round aimed at...

Big tech firms are investing in AI startups, potentially avoiding antitrust scrutiny

In a bustling week of financial activity within the artificial intelligence sector, several AI startups announced significant capital infusions, reflecting a continued frenzy of investment that not only underscores the financial stakes involved but...

Zen Educate secures $37M and acquires Aquinas Education to combat teacher shortage

Zen Educate, a digital marketplace that connects schools with teachers, has raised $37 million in a Series B funding round. This investment comes as schools on both sides of the Atlantic face a worsening...

CEO commends genuine open source for enterprise generative AI, new initiatives unveiled at Think...

IBM is bolstering its generative AI initiatives with a new suite of technologies and partnerships, unveiled at the Think 2024 conference. Building on a legacy in AI that predates the current generative AI boom...

Maad secures $3.2M in seed funding despite turbulence in Africa’s B2B e-commerce sector

Maad, a B2B e-commerce startup based in Senegal, has successfully secured $3.2 million in debt-equity funding to bolster its growth within the country and explore fresh opportunities in the wider Francophone region. The startup...

Amazon plans to invest $1.3 billion in France, generating 3,000 new jobs.

In a major economic boost for France, Amazon announced on Monday its plans to invest over €1.2 billion ($1.3 billion) into its operations across the country. This substantial financial commitment is set to create...