Geek Guy

Category: Global IT News

Data analytics startup Athenic AI wants to be an enterprise’s central nervous system

Jared Zhao originally got interested in data analytics during his time at UC Berkeley because he was drawn to how it could turn raw data into a story. Zhao founded his first data analytics startup Polyture in 2021. But advancements in generative AI just a year later made Zhao realize what Polyture was building was…

India lauds Chinese AI lab DeepSeek, plans to host its models on local servers

India’s IT minister on Thursday praised DeepSeek‘s progress and said the country will host the Chinese AI lab’s large language models on domestic servers, in a rare opening for Chinese technology in India. “You have seen what DeepSeek has done — $5.5 million and a very very powerful model,” IT Minister Ashwini Vaishnaw said on…

European embedded banking startup Swan adds another $44 million to its Series B

French startup Swan has raised another €42 million (around $44 million at current exchange rates). The company considers this round as the second part of the Series B round that was originally announced in September 2024. Swan helps other companies offer financial products at scale. The company can generate both virtual and physical cards that…

SoftBank in talks to invest as much as $25B in OpenAI, report says

SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40 billion on AI initiatives with the Microsoft-backed startup, according to Financial Times. The potential investment would make SoftBank OpenAI’s largest single backer, the report said, surpassing Microsoft…

Meta says end of fact-checking hasn’t impacted ad spend

Meta says its controversial decision to put an end to its fact-checking program hasn’t impacted advertiser spend. On its Q4 2024 call, Meta CFO Susan Li assured investors that advertiser demand remains strong and the company’s commitment to brand safety remains unchanged, despite the new measures. Meanwhile, CEO Mark Zuckerberg noted that the community notes…

LinkedIn passes $2B in premium revenues in 12 months, with overall revenues up 9% on the year

LinkedIn, the social platform where people look for and talk about work, may be less visible in Microsoft’s earnings compared to the years when it was an independent company. But around earnings time, LinkedIn often reveals some figures that point to how it continues to grow.  On Wednesday, as Microsoft reported its Q2 numbers, the…

Threads adds another 20M monthly users since December, reaching 320M

Threads, Meta’s microblogging service, is growing at a fast pace as users gravitate to the app over rivals like X. During the company’s fourth-quarter earnings presentation on Wednesday, CEO Mark Zuckerberg revealed that Threads now has 320 million monthly active users (MAUs), up from 300 million last month. The app had 275 million monthly active…

Microsoft brings a DeepSeek model to its cloud

Microsoft’s close partner and collaborator, OpenAI, might be suggesting that DeepSeek stole its IP and violated its terms of service. But Microsoft still wants DeepSeek’s shiny new models on its cloud platform. Microsoft today announced that R1, DeepSeek’s so-called reasoning model, is available on Azure AI Foundry service, Microsoft’s platform that brings together a number…

MoviePass might pivot to crypto

After MoviePass’s historic implosion, subscribers to the “Netflix for movie theaters” were already cautious around the company’s 2023 relaunch. These moviegoers may grow even more skeptical after MoviePass sent out an email blast on Wednesday, which surveyed customers about their interest in web3. “Artificial Intelligence and Blockchain technologies are transforming the business landscape at an unprecedented…

Omega Systems CEO on PE Funding, Compliance Offerings & Channel Innovation

Omega Systems is a premier technology solutions provider and MSSP based across the northeastern U.S. After years of partnership with one private equity group, Omega announced in January it had received a new infusion from the firm Revelstoke. Channel Insider spoke with Omega Systems CEO Mike Fuhrman to learn more about how the continued equity…

Waymo reportedly testing robotaxis in 10 new cities in 2025

Waymo plans to start testing autonomous vehicles in 10 new cities this year, starting with Las Vegas and San Diego, according to The Verge. Although this doesn’t mean the company will launch commercial operations in any of these cities — or even test them in autonomous mode. Waymo told The Verge it will send less…

Instagram gives creators more insight into their reels’ performance

Meta continues to target creators in the days following the U.S. TikTok ban. In addition to paying TikTok creators big bonuses to publish reels, Instagram announced on Wednesday that it’s introducing new ways for creators to better understand how their short videos are performing. The platform is introducing additional metrics that allow creators to see…

Anthropic’s CEO says DeepSeek shows that U.S. export rules are working as intended

In an essay on Wednesday, Dario Amodei, the CEO of Anthropic, weighed in on the debate over whether Chinese AI company DeepSeek’s success implies that U.S. export controls on AI chips aren’t working. Amodei, who recently made the case for stronger export controls in an op-ed co-written with former U.S. deputy national security advisor Matt…

Report: Majority of U.S. teens have lost trust in Big Tech

American teens have lost their faith in Big Tech, according to a new report from Common Sense Media, a nonprofit offering reviews and ratings for media and technology, which more recently includes AI products. In the study released Wednesday, the organization surveyed over 1,000 teens on whether major technology companies like Google, Apple, Meta, TikTok,…

Netflix adds a convenient feature for iOS users to download an entire TV season at once

Netflix announced on Wednesday that it’s giving iOS users a new feature that allows them to download an entire season of their favorite TV show with one tap. The feature first became available to Android users.  The Season Download button is available in the Netflix app, located next to the Share button on a show’s…

Health insurance startup Alan keeps growing at a rapid pace

With its 700,000 customers, Alan could be considered as a mature company. But the health insurance company that wants to become a digital companion for your health is still growing like a startup. On Wednesday, the company shared some financial metrics. The most impressive one is its top-line revenue. In 2024, the company generated €505…

Deeper Network Promo Deeper Network Promo Deeper Network Promo Image

Resolution Games announces Battlemarked, an upcoming VR Dungeons & Dragons game

Last year, Wizards of the Coast and Resolution Games announced an exciting development: Dungeons & Dragons (D&D), the popular tabletop role-playing game (RPG), is being adapted for virtual reality.  Until now, specific details about the new game have been kept closely under wraps. However, on Wednesday, the companies finally unveiled the official title and more…

Ireland and Italy send data watchdog requests to DeepSeek: ‘The data of millions of Italians is at risk’

The jury is still out on whether the Chinese AI upstart DeepSeek is a game changer or part of an elaborate plan by its hedge fund parent company to short Nvidia and other tech stocks. Whichever it might be (maybe both?), DeepSeek and its large language model have made some major waves. And now, it’s…

UVeye racks up another $191 million for its vision-based ‘MRI for cars’

UVeye started as a play to scan cars for security threats, but the Israeli startup really hit its stride when its founders realized the AI-powered computer vision systems could perform more typical vehicle inspections. Now, the company is evolving its funding strategy. UVeye announced Wednesday morning a $191 million extension to its 2023 Series D…

This Bay Area startup is using AI to help families navigate long-term care planning

Lily Vittayaruksku was studying aerospace engineering when her aunt was diagnosed with terminal colon cancer. Her aunt had lived under the same roof as Vittayaruksku while she was growing up and helped raise her. “We went all in on her care,” she recalled. Post-chemotherapy, Vittayaruksku’s aunt “became very frail,” so her family  – originally from…

Vulnerability in popular AI developer could ‘shut down essentially everything you own’ 

A popular platform for developing AI systems has patched an easily exploitable vulnerability that would have given an attacker remote code execution privileges. Researchers at application security firm Noma detail how the flaw, embedded in Javascript code for Lightning.AI’s development platform, could be manipulated to give an attacker virtually unfettered access to a user’s cloud…

TechCrunch Disrupt 2025: Only 3 days left for 2-for-1 Pass

Only 3 days remain to score the ultimate deal for TechCrunch Disrupt 2025 — two of the same ticket types for the price of one! Don’t wait to take advantage of these massive savings. This limited-time offer ends this Friday, January 31 at 11:59 p.m. PT — after that, these 2-for-1 Passes will be gone.…

Clutch grabs $20M to build out its non-human security ID platform

When it comes to the world of cybersecurity, identity is often thought of as a “perimeter” around an organization. So many breaches begin through techniques like password theft, phishing, and credential stuffing; ergo, securing the identities of not only users, but also applications and machines, is the key to securing the whole system.  Easier said…

Finout raises $40M Series C for its cloud cost management service

Even just a few years ago, FinOps — a collection of best practices to manage the costs of cloud computing — wasn’t something that was top of mind for a lot of businesses. Since then, though, businesses have started tightening their purses. Today, FinOps is pretty much a standard discipline, and there are dozens of…

DeepSeek’s app becomes unavailable on Apple’s and Google’s app stores in Italy

Hours after Italian authorities requested information from DeepSeek about how the company handles user data, the Chinese AI startup’s app is no longer available in Apple’s App Store and Google’s Play Store. The app has claimed the top spot in the download charts in multiple countries, including in the U.S. where it is at the…

Engineering giant Smiths Group says hackers accessed its systems during cyberattack

U.K.-based engineering giant Smiths Group has confirmed a cybersecurity incident involving “unauthorized access” to its systems. The London-listed company, which operates across multiple sectors including energy, security, aerospace and defense, said Tuesday that it is currently “managing” the incident. The company said it isolated affected systems and activated its business continuity plans, implying a disruptive…

Uber-backed mobility fintech Moove acquires Brazil’s Kovi, takes ARR to $275M

Uber-backed Moove, an Africa-born mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers across six continents, has acquired Kovi, a Brazilian urban mobility provider. The value of the deal is not being disclosed, but Moove confirmed it was an all-share transaction, and Kovi is now wholly owned by Moove. Moove co-founder and…

Meteomatics eyes U.S. expansion for its enterprise-focused weather forecasting tools

Martin Fengler knows a lot about the weather. Fengler got his Ph.D. in mathematics, focused on numerical weather prediction, before working for Meteomedia AG, a network of weather stations in Switzerland and Germany. But while he knew a lot about weather forecasting from the prediction side, he realized the gaps that remained on the consumption…

DeepSeek’s AI avoids answering 85% of prompts on ‘sensitive topics’ related to China

AI chatbot DeepSeek has taken the world by storm, topping app store charts and sending Silicon Valley and Wall Street into meltdown. An offshoot of Chinese hedge fund High-Flyer, DeepSeek’s cost-to-performance ratio makes for impressive reading compared to incumbents such as OpenAI. However, reports have increasingly documented some of the things the AI chatbot is…

Edinburgh Accelerates Smart City Transformation with Genetec

COMPANY NEWS:  Genetec Inc. (“Genetec”), the global leader in enterprise physical security software, today announced The City of Edinburgh Council is using Genetec Security Center as the backbone of its Smart City Strategy. The software is transforming public safety, city services and urban planning by allowing the council to manage all smart city technologies from a…

Edinburgh Accelerates Smart City Transformation with Genetec

COMPANY NEWS:  Genetec Inc. (“Genetec”), the global leader in enterprise physical security software, today announced The City of Edinburgh Council is using Genetec Security Center as the backbone of its Smart City Strategy. The software is transforming public safety, city services and urban planning by allowing the council to manage all smart city technologies from a…

Microsoft probing whether DeepSeek improperly used OpenAI APIs

Just a few hours after David Sacks claimed DeepSeek used OpenAI’s models to train its own models, Bloomberg Law reports that Microsoft is investigating DeepSeek’s use of OpenAI’s application programming interface (API). According to security researchers working for Microsoft, the Chinese company behind the R1 reasoning model may have exfiltrated a large amount of data…

Formance raises $21M to build the AWS for fintech infrastructure

If you talk to a fintech entrepreneur about their business, chances are they’ll end up talking about ledger issues at some point. A ledger is a record of money movements that serves as the source of truth for financial assets, but when a company starts having multiple bank accounts, payment processors and funds spread across…

Newgen recognised as a ‘Leader’ in IDC MarketScape reports for its Intelligent CCM and Automated Document Generation CCM

COMPANY NEWS: Newgen Software, a global provider of AI-enabled digital transformation platform, has been recognized as a ‘Leader’ in two IDC MarketScape reports – IDC MarketScape: Worldwide Intelligent Customer Communications Management 2024 Vendor Assessment (doc #US51359124, December 2024) and IDC MarketScape: Worldwide Automated Document Generation and Customer Communication Management 2024 Vendor Assessment (doc #US52111324, December 2024).

Newgen recognised as a ‘Leader’ in IDC MarketScape reports for its Intelligent CCM and Automated Document Generation CCM

COMPANY NEWS: Newgen Software, a global provider of AI-enabled digital transformation platform, has been recognized as a ‘Leader’ in two IDC MarketScape reports – IDC MarketScape: Worldwide Intelligent Customer Communications Management 2024 Vendor Assessment (doc #US51359124, December 2024) and IDC MarketScape: Worldwide Automated Document Generation and Customer Communication Management 2024 Vendor Assessment (doc #US52111324, December 2024).

This fintech has a fix for the biggest cross-border payments issues in Francophone Africa

Until a few years ago, it used to be difficult to make payments across borders almost anywhere in the world. But it’s still a big problem in Africa, where fragmented, disconnected systems, high fees, and poor infrastructure make it tough for businesses and individuals to move money quickly and affordably. The majority of people and…

Shared scooter startup Voi reports its first profitable year as it explores an IPO

Swedish shared micromobility giant Voi had its first profitable year in 2024, according to preliminary unaudited results the company shared exclusively with TechCrunch.  Voi, which offers shared e-scooters and e-bikes across more than 100 markets in Europe, recorded €132.8 million ($138 million) in net revenue in 2024. On an adjusted basis, Voi earned €17.2 million…

SoftBank to invest $500M in robotics startup SkildAI

SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported. The two-year-old company raised its previous funding round of $300 million at a $1.5 billion valuation last July from investors including Jeff Bezos, Lightspeed Venture Partners,…

Italy sends first data watchdog request to DeepSeek: ‘The data of millions of Italians is at risk’

The jury is still out on whether the Chinese AI upstart DeepSeek is a game changer or possibly part of an elaborate plan by its hedge fund parent company to short Nvidia and other tech stocks. Whichever it might be (maybe both?), DeepSeek and its large language model has made some major waves. Now, it’s…

DeepSeek: Everything you need to know about the AI chatbot app

DeepSeek has gone viral. Chinese AI lab DeepSeek broke into the mainstream consciousness this week after its chatbot app rose to the top of the Apple App Store charts. DeepSeek’s AI models, which were trained using compute-efficient techniques, have led Wall Street analysts — and technologists — to question whether the U.S. can maintain its lead in the AI race…

David Sacks claims there’s ‘substantial evidence’ that DeepSeek used OpenAI’s models to train its own

David Sacks, Trump’s AI and crypto “czar,” said in an interview on Fox on Tuesday that there’s “substantial evidence” that Chinese AI company DeepSeek “distilled” knowledge from OpenAI’s AI models, a process that Sacks compared to theft. Sacks, who didn’t cite the source of this “evidence,” suggested that DeepSeek used responses from OpenAI models to…

Figure AI details plan to improve humanoid robot safety in the workplace

Safety is often overlooked in the rush to bring humanoid robots to the workplace. As high-profile corporations ranging from retailers like Amazon to carmakers such as Mercedes and BMW have announced humanoid pilots for factories and warehouses, conversations around worker safety are regularly buried beneath industry hype. One Bay Area-robotics firm is hoping to correct…

Bookshop.org challenges Amazon with new e-book platform

Indie bookstore backer Bookshop.org launched an e-book platform on Tuesday, making it easier for readers to buy e-books without padding Jeff Bezos’s pockets. For years, Amazon’s chokehold and sway in the publishing industry have been so strong that authors and booksellers have accused the company of operating a monopoly. Amazon is dominant in the sale…

Hugging Face researchers are trying to build a more open version of DeepSeek’s AI ‘reasoning’ model

Barely a week after DeepSeek released its R1 “reasoning” AI model — which sent markets into a tizzy — researchers at Hugging Face are trying to replicate the model from scratch in what they’re calling a pursuit of “open knowledge.” Hugging Face head of research Leandro von Werra and several company engineers have launched Open-R1, a…

Automattic and others back Openvibe, an app that’s unifying the open social web

Openvibe’s clever app that integrates multiple open social networks including Bluesky, Mastodon, Nostr, and Threads, just got a boost toward its future development. The company on Tuesday announced that it has received outside investment of $800,000 in a round led by Czech Founders VC, which includes backing from WordPress.com and Tumblr parent company, Automattic, as…

Waymo is reportedly building a charity ‘tipping’ feature into its robotaxi app

Alphabet-owned autonomous vehicle company Waymo might be planning to test a feature that will allow robotaxi riders to add a “tip” that will go to the charity of their choice after a ride. Jane Manchun Wong, a security researcher who recently hacked the display dome on top of a Waymo vehicle, found the new tip…

Ambi Robotics built a clever solution to automate pallet packing

U.C. Berkeley spinout Ambi Robotics announced Tuesday the arrival of AmbiStack, a novel system that automates pallet packing. The system features an industrial robotic arm mounted above a conveyer belt that moves along the X and Y axes and lifts boxes up via suction cups mounted to a gripper. Once lifted from the conveyer belt,…

Geek Ventures, a fund that specializes in backing immigrant founders, is raising a second fund

Geek Ventures is raising a Fund II, according to a recent SEC filing.  The firm, founded in 2021 by Ihar Mahaniok, focuses on investing in early-stage immigrant founders. Mahaniok immigrated to the U.S. from Belarus and spoke to TechCrunch a few years ago about how hard the venture ecosystem can be for immigrants.  “Talent is…

Amazon’s Prime Air drone service is headed to this UK town

Amazon announced Monday it has picked the north England town of Darlington as the first site for its planned U.K. drone delivery expansion. Amazon was expected to expand Prime Air to the U.K. and Italy in 2024. After missing that initial target, the company opted to not share a timeline for this latest launch. Instead,…