Investment powerhouse BlackRock is set to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today.
According to the outlet, the fund — among Wall Street’s largest — will focus on creating data centers and funding energy infrastructure to support AI. Chip giant Nvidia is also reportedly contributing its expertise around the already onerous energy demands of AI technologies, which are only expected to grow.
BlackRock is launching the fund with Global Infrastructure Partners (GIP), which BlackRock agreed to acquire for $12.5 billion in a deal back in January. GIP is now BlackRock’s infrastructure investment unit.
Every month, 400,000 free members upgrade to paid memberships, the company says. According to Patreon, Autopilot improved the rate of free-to-paid membership upgrades by an average of 19% in testing.
Investment powerhouse BlackRock is set to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today. According…
Neuralink, the Elon Musk-owned brain-computer interface company, has received “breakthrough device” clearance from the FDA. But this does not mean the outfit has developed a cure for blindness, whatever Musk…
Discord will now offer audio and video calls that even the company won’t be able to listen in on.
Users will be able to download their data or migrate their account to another Mastodon instance, if they choose.
Mistral AI launched a new free tier to let developers fine-tune and build test apps with the startup’s AI models, the company announced in a blog post Tuesday. The startup…
Ursa Major, a startup that produces rocket motors through 3D printing, received a $12.5 million grant to develop new solid-fuel rocket engines.
The Spectacles 5 are designed specifically for developers.
AWS’ weird AI-powered keyboard experiment, DeepComposer, is no more. In a blog post today, the company announced it’s shutting down the 5-year-old DeepComposer, a physical MIDI piano and AWS service…
Snap, Snapchat’s parent company, is expanding its suite of AI tools for creators. At this year’s Snap Partner Summit in Santa Monica, California, Snap announced a new feature, Easy Lens,…
At Tuesday’s annual Snap Partner Summit, the Snapchat maker unveiled new tools for creators designed to bring its app more in line with its competitors, like TikTok and Instagram. The…
At its annual Snap Partner Summit on Tuesday, Snapchat announced that it’s introducing a new AI video-generation tool for creators. The tool will allow select creators to generate AI videos…
Snapchat is rolling out a simplified version of the app to some users, the company announced on Tuesday during its Snap Partner Summit, as part of a test to make…
At its annual Snap Partner Summit on Tuesday, the Snapchat maker announced a series of new AI features coming to its app. Most notably, the app’s My AI chatbot is…
Just a day after third-party app stores were officially allowed on the iPad in the European Union, Epic Games announced on X that the Epic Games Store can now be…
Tuesday’s announcement follows IBM’s $4.3 billion acquisition of Apptio in 2023, another company in the FinOps space.
Google says that it plans to roll out changes to Google Search to make clearer which images in results were AI generated — or edited by AI tools. In the…
With iOS 18, users can replace the default camera app on the lock screen with a third-party app. Halide and Obscura — two popular camera apps designed as alternatives to…
A joint pilot by Apian, Alphabet’s drone company Wing, and the U.K.’s NHS will see drones used to fly urgent blood samples between two hospitals in London.
We’re incredibly excited to announce the final agenda for our dedicated Fintech Stage at TechCrunch Disrupt 2024. It joins Space, SaaS, AI and Builders as the other industry-focused stages —…
Are we at peak social media yet? It’s an interesting question to ponder after the launch of an iOS app offering a social media experience just for one. At a…
Workday announced on Tuesday that it’s acquiring Evisort, an AI-powered contract management platform, for an undisclosed amount. In a statement, Terrance Wampler, group general manager at Workday, said that Evisort’s…
Cisco’s executives made tens of millions in compensation, while cutting thousands of jobs in two separate rounds of layoffs.
The startup focuses on optimizing the entire widget, from the electrolyzer’s electrodes to the tangle of pipes and pumps that support them.
Quick confession: I take a picture of my stove before I leave on long trips. I’ve been living with OCD my entire life, and this is one of the little…
AI is increasingly being applied to protein design, the process of creating new proteins with specific, target characteristics. Protein design’s applications are myriad, but it’s a promising way of discovering…
Cybersecurity has one of the biggest and most urgent talent shortages in the tech industry. Malicious attacks are on the rise, and the techniques being used to worm into networks…
Construction permitting often involves drafting lengthy applications, leading to unpredictable timelines for developers and businesses. There are tens of thousands of jurisdictions — each with their own different forms and…
Billing might not be something that the average person thinks about on a regular basis. But for companies — particularly those in the business of selling software — it’s massively…