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Calorie-tracking app Cal AI generated over $30 million in revenue in two years, largely through a large network of paid influencers, before MyFitnessPal acquired it in March for an undisclosed sum.
2026 films such as Aaron Sorkin's The Social Reckoning and You Can See Everything take a critical view of Silicon Valley figures, reflecting a broader tech backlash.
Amazon devices chief Panos Panay said at TechCrunch Disrupt that ambient AI devices working in the background and anticipating needs could replace the need to use apps.
Modal raised a Series D at a $16B valuation with $1B in annual recurring revenue, with usage and valuation both tripling in five months.
Ricursive Intelligence is building AI that designs chips and learns from each iteration to improve later designs, aiming to speed up chip design and ease the compute crunch.
McKinsey will have some entry-level candidates hold a 10-minute conversation with an AI-simulated client during interviews, per the WSJ. Humans, not the AI, will score candidates.
Banks that underwrote AI data center debt are now trying to offload it to other investors.
Zenzap raised $44M for an AI chat app meant to replace WhatsApp in the workplace; customers include Starbucks and Taco Bell.
ASML's strong orders eased fears that the AI spending boom is running out of steam.
Scimplify raised $25M to use AI to compete with China in critical materials; its annualized revenue run rate has tripled to $200M and it is eyeing U.S. expansion.
Anthropic opened an office in Singapore and signed an MOU with the Singapore government.
OpenAI published analysis showing agentic AI adoption is growing across EU enterprises and small businesses, and where deeper use could unlock more value.
BusinessBriefing4 sources
Federal prosecutors charged Abdulrahman Alfozan, 35, with illegally intercepting oral communications after OpenAI found an encrypted recorder at its San Francisco headquarters on Sept. 30; he faces up to five years in prison.
twitter.com, sfstandard.com +31 min read
University of Michigan spinout Laplace Intelligence uses AI agents and simulation to stress-test robots and self-driving cars before deployment; it is a profitable startup in TechCrunch Disrupt's Startup Battlefield.
AI labs are buying code bases and data archives from defunct startups to train models; one founder netted about $25,000 for his crypto startup's code.
BusinessBriefing3 sources
The chatbot startup says it is seeking a court-supervised sale, with Disney offering $20 million for a license to certain IP, while 40 state attorneys general press for user data and child safety protections.
blog.character.ai, theverge.com +21 min read
The IMF warns that a crash in AI-related share prices could threaten global financial stability.
Epic Games told employees to use AI to get its delayed Disney game finished.
Amazon now operates over one million robots as workers, a major push to scale automation across its workforce.