In February, AI coding startup Windsurf was in talks to raise a big new round at a $2.85 billion valuation led by Kleiner Perkins, at double the valuation it hit six months earlier, sources told TechCrunch at the time. That deal didn’t happen, according to a source familiar with the matter. Instead, news broke in April that the startup planned to sell itself to OpenAI for roughly the same valuation: $3 billion. While that deal famously fell apart, one bigger question remains: if the startup was growing that fast and attracting VC interest, why would it sell at all? Insiders…
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Avalanche (Avax) is beginning to flash signs of a potential trend reversal as a clear double-bottom pattern is formed on the weekly chart. The build strength of the price action makes the Bulls aim for the next important Fibonacci resistance zone. Double bottom strengthening: Can I maintain Fibonacci levels? In a recent analysis of the weekly chart posted to X, the boss of market analysts highlights that the avalanche has now established a solid technical foundation. He noted the emergence of distinct double-bottom formations, often considered reliable inverted signals when confirmed. According to the boss, if this bullish pattern continues…
Key Takeaways Elon Musk claims xAI’s Grok 4 outperforms OpenAI’s newly launched GPT-5. Microsoft integrated GPT-5 across its major platforms, highlighting rapid AI advancements. Share this article Elon Musk has confirmed that Grok 5, xAI’s next AI model, will launch by year-end. He’s also claimed that Grok 4, the company’s current model, is far superior to GPT-5, which OpenAI released less than an hour ago. “Grok 5 will be out before the end of this year and it will be crushingly good,” Musk wrote on X. “Grok 4 Heavy was smarter 2 weeks ago than GPT5 is now and G4H…
Duolingo announced on Wednesday that it beat its quarterly revenue estimates, even though the company faced widespread backlash for choosing to embrace generative AI over human workers. Duolingo stock rose almost 30% on the news. In April, CEO Luis von Ahn shared that Duolingo would become an “AI-first” company, phasing out its use of contract workers. He also discouraged teams from hiring more employees, unless the team is unable to automate more of its work. With the use of generative AI, Duolingo introduced 148 new language courses, more than doubling its previous offerings. “Without AI, it would take us decades…
OpenAI has launched GPT-5, a new flagship AI model that will power the company’s next generation of ChatGPT. GPT-5, which was released Thursday, is OpenAI’s first “unified” AI model and combines the reasoning abilities of its o-series of models with the fast responses of its GPT series. The next-generation model signals a new era for ChatGPT — and its creator, OpenAI — pointing to OpenAI’s broader ambitions to develop AI systems that are more like agents than chatbots. While GPT-4 enabled AI chatbots to offer smart responses on a wide variety of questions, GPT-5 allows ChatGPT to complete a wide…
After a second-quarter earnings beat, Airbnb CEO Brian Chesky shared his thoughts on the company’s AI strategy, cautioning investors that AI chatbots can’t yet be thought of as the “new Google.” That is, AI chatbots, while potentially driving new leads to the travel and services business, aren’t entirely a replacement for the referrals that the dominant search engine brings. At least not at this time. “I think we’re still kind of feeling out the space,” the exec told investors on the Q2 earnings call. “The thing I want to caution is I don’t think that AI agents — I don’t…
Key Takeaways Tether has acquired a minority stake in the Spanish crypto platform Bit2Me. The crypto exchange serves over 1.2 million users and 7,000 companies. Share this article Tether said Thursday the firm had taken a minority stake in Bit2Me, a Spanish-speaking crypto platform. The stablecoin issuer is spearheading a €30 million funding round as part of the deal, which is expected to wrap up in the next few weeks.Commenting on the latest investment, Tether CEO Paolo Ardoino praised Bit2Me’s commitment to building a compliant, secure, and intuitive ecosystem for digital assets. “Their focus on education, transparency, and user empowerment…
AI startup Perplexity is powering a new AI-powered search engine on Truth Social, President Donald Trump’s social media platform. The search engine, dubbed Truth Search AI, is already available on the web version of Truth Social, with public Beta testing on its iOS and Android apps planned for “the near future.” Trump Media said in a press release that Perplexity’s tech provides “direct, contextually accurate answers with transparent citations” which will help Truth Social “exponentially increase the amount of information available” to users. Nonetheless, the social media platform maintains control over which sources of information the AI search engine draws…
Elad Gil isn’t just ahead of the curve — he practically lives there. Before most of the world had even asked ChatGPT its first question, Gil was writing early checks into companies like Perplexity, Character.AI, and Harvey. And that’s just a slice of the story. His track record includes seed or Series A investments in more than 30 unicorns and involvement with some of the most iconic names in tech — Stripe, Airbnb, Coinbase, Instacart, Notion, Figma, Flexport, Gitlab, and many more. This October, Gil takes the Disrupt Stage at TechCrunch Disrupt 2025 in San Francisco for a fireside chat…
Key Takeaways Ripple is acquiring Rail for $200M to strengthen its stablecoin payments platform. The acquisition will enhance RLUSD’s utility and Ripple’s position in the stablecoin market. Share this article Ripple, the established blockchain company behind the XRP Ledger (XRPL), is set to acquire stablecoin payments platform Rail in a deal valued at $200 million, the company told Reuters on Thursday. The firm expects to complete the transaction in Q4 2025, pending regulatory approval.The announcement comes just weeks after President Donald Trump signed federal stablecoin legislation, the GENIUS Act, into law. Legal clarity gives companies like Ripple the green light…