TechCrunch Industry News

Oracle sent its shares soaring after markets closed yesterday after reporting that it signed multiple multi-billion-dollar contracts with several customers. Now, we have an idea of who those customers might be. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Video platform Vimeo announced on Wednesday that it has agreed to be acquired by Bending Spoons, one of Europe’s largest mobile app developers, in an all-cash deal valued at approximately $1.38 billion. The deal is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals. Vimeo will be delisted from exchanges once the deal closes. The announcement comes as Bending Spoons was interested in a potential takeover of Vimeo as far back as March of last year.  he co-founders who sold their last startup Anchor to Spotify are launching their next project: Oboe, an AI-powered educational app that enables anyone to create lightweight, flexible learning courses on nearly any topic they choose, simply by entering a prompt. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Apple unveiled its new line of iPhones on Tuesday, and the iPhone 17 Pro is making a direct appeal to content creators. Learn more about your ad choices. Visit podcastchoices.com/adchoices

After watching Reddit's OpenAI and Anthropic communities, Sam Altman thinks social media cannot be trusted. And bots are to blame. Also, OpenAI executives are discussing a potential relocation out of California as increasing political resistance threatens the company's efforts to convert from nonprofit to for-profit status, according to The WSJ, but the company says it has no plans to leave. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meta changed its policies around researching sensitive topics — like politics, children, gender, race, and harassment — six weeks after whistleblower Frances Haugen leaked internal documents that showed how Meta’s own research found that Instagram can damage teen girls’ mental health. Also, Salesloft said a breach of its GitHub account in March allowed hackers to steal authentication tokens that were later used in a mass-hack targeting several of its big tech customers. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A new research paper from OpenAI asks why large language models like GPT-5 and chatbots like ChatGPT still hallucinate, and whether anything can be done to reduce those hallucinations. In a blog post summarizing the paper, OpenAI defines hallucinations as plausible but false statements generated by language models, and it acknowledges that despite improvements, hallucinations remain a fundamental challenge for all large language models, one that will never be completely eliminated. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Why is a startup that bills itself as the Netflix of AI, and that recently raised money from Amazon’s Alexa Fund, talking about remaking a movie that was first released in 1942? Also, around half a million writers will be eligible for a payday of at least $3,000, thanks to a historic $1.5 billion settlement in a class action lawsuit that a group of authors brought against Anthropic. This landmark settlement marks the largest payout in the history of U.S. copyright law, but this isn’t a victory for authors. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $1 trillion even as the EV maker’s car business stumbles and it sets its sights on humanoid robotics and AI. Also, Snapchat is launching a new Lens that lets users create and edit images using a text-to-image AI generator, the company told TechCrunch exclusively. The new “Imagine Lens” is available to Snapchat+ Platinum and Lens+ subscribers. And, Rivian is laying off around 150 workers — its second small staff cut in a matter of months — as the company readies itself for the all-important launch of its more-affordable R2 SUV next year. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The classic feature from Facebook’s early days lets users get a friend’s attention with a virtual nudge of sorts. While the poke fell out of use ages ago, the company has more recently seen an uptick in its use among younger users, which has now prompted it to make the poke a more central part of the Facebook experience. Also, the classic feature from Facebook’s early days lets users get a friend’s attention with a virtual nudge of sorts. While the poke fell out of use ages ago, the company has more recently seen an uptick in its use among younger users, which has now prompted it to make the poke a more central part of the Facebook experience. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Captions, an AI-powered video creation and editing app for content creators that has secured over $100 million in venture capital to date at a valuation of $500 million, is rebranding to Mirage, the company announced on Thursday.  Also, JetBlue will use Amazon’s Project Kuiper satellites for free in-flight internet. Learn more about your ad choices. Visit podcastchoices.com/adchoices