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Is OpenAI worth $100 billion?

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Is OpenAI worth $100B?

OpenAI could reportedly increase its valuation to $100 billion. Nvidia and Apple are apparently in talks to contribute to the corporate’s next round of funding, with Thrive Capital leading the deal if it goes through, based on The New York Times. OpenAI’s annual revenue reportedly topped $3.4 billion earlier this 12 months, but the corporate is alleged to be heading in the right direction to lose $5 billion by the top of the 12 months because it expands its AI training and hiring efforts.

X means Some links to NPR’s website have been deemed “unsafe.” When users click to read the most recent story a few spat between a Trump campaign official and an Arlington National Cemetery worker, they get a warning that sometimes applies to malicious links. It’s unclear why the NPR site would trigger that warning, though it does raise questions on whether X is actively attempting to stop the news from spreading.

Lyft’s recent pilot program goals to to assist drivers confirm the identity of passengers in a brand new effort to enhance safety measures. Riders will now see a verification badge next to their profile, indicating that Lyft has confirmed they’re using their legal name. The recent program is rolling out in markets in Atlanta, Chicago, Denver, Detroit, Houston, Jacksonville, Miami, Phoenix and Seattle.


This is TechCrunch’s Week in Review, where we round up the most important stories of the week. Want them delivered to your inbox as a newsletter every Saturday? Sign up here.


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Image sources: Daniel Grizelj / Getty Images

ChatGPT won’t be winning a spelling bee anytime soon: Users have noticed that when asked how persistently the letter “r” appears within the word “strawberry,” ChatGPT answers twice. The reason? The LLMs that power AI chatbots don’t actually read the knowledge they’re absorbing. Read more

More layoffs at Apple: Apple is reportedly planning to put off around 100 employees in its digital services division, particularly the teams working on the Apple Books app and Apple News. Read more

Just added a brand new AI pin: Plaud’s AI-powered NotePin focuses on only one task—taking notes. Users can wear it as a necklace or wristband, allowing them to record meetings and dictate notes, after which transcribe those recordings using OpenAI’s GPT-4o. Read more

Spotify accuses Apple: Spotify says Apple may again be in breach of the Digital Markets Act after the corporate withdrew technology that allowed Spotify users to regulate the quantity of connected devices using physical buttons on an iPhone. Read more

Tesla goes digital detox: Tesla deleted all of its blog posts from before 2019, effectively erasing the corporate’s digital history. While archive.org still has the record, neither the corporate nor Musk have explained why the posts were removed. Read more

Watch the iPhone 16 presentation with us: It could have been a spoiled summer, but Apple says it’s “shining time” for its iPhone 16 event. The company will hold an event to unveil the brand new devices on September 9 at 10 a.m. Pacific Time. Here’s watch it live. Read more

Tumblr officially moves to WordPress: Following its 2019 acquisition by WordPress parent company Automattic, the brand new owner can be moving Tumblr’s backend to WordPress. But don’t worry, bloggers, Tumblr won’t be turning into WordPress; it’ll just run on WordPress. Read more

AI Doctor is in: Google has trained its Gemini AI model using 300 million sound snippets, including the sounds of coughing, sneezing and labored respiration, to discover health issues and predict early signs of disease, sources said. Read more

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Image sources: Devin Coldewey/TechCrunch

What it’s prefer to fly through hacked Seattle airport: Days after the Port of Seattle announced a “possible” cyberattack on its systems, Seattle-Tacoma Airport remains to be largely offline, causing chaos for travelers and acting as a continuing warning against neglecting cybersecurity. TechCrunch’s Devin Coldewey knows this because he’s experienced it himself. As he writes, the response to the cyberattack is a lesson in why we now have rules about where we lay our eggs. Read more

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Wiz acquires Dazz for $450 million to expand cybersecurity platform

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Wizardone of the talked about names within the cybersecurity world, is making a major acquisition to expand its reach of cloud security products, especially amongst developers. This is buying Dazzlespecialist in solving security problems and risk management. Sources say the deal is valued at $450 million, which incorporates money and stock.

This is a leap within the startup’s latest round of funding. In July, we reported that Dazz had raised $50 million at a post-money valuation of just below $400 million.

Remediation and posture management – two areas of focus for Dazz – are key services within the cybersecurity market that Wiz hasn’t sorted in addition to it wanted.

“Dazz is a leader in this market, with the best talent and the best customers, which fits perfectly into the company culture,” Assaf Rappaport, CEO of Wiz, said in an interview.

Remediation, which refers to helping you understand and resolve vulnerabilities, shapes how an enterprise actually handles the various vulnerability alerts it could receive from the network. Posture management is a more preventive product: it allows a company to higher understand the scale, shape and performance of its network from a perspective, allowing it to construct higher security services around it.

Dazz will proceed to operate as a separate entity while it’s integrated into the larger Wiz stack. Wiz has made a reputation for itself as a “one-stop shop,” and Rappaport said the integrated offering will proceed to be a core a part of it.

He believes this contrasts with what number of other SaaS corporations are built. In the safety industry, there are, Rappaport said, “a lot of Frankenstein mashups where companies prioritize revenue over building a single technology stack that actually works as a platform.” It could be assumed that integration is much more necessary in cybersecurity than in other areas of enterprise IT.

Wiz and Dazz already had an in depth relationship before this deal. Merat Bahat — the CEO who co-founded Dazz with Tomer Schwartz and Yuval Ofir (CTO and VP of R&D, respectively) — worked closely with Assaf Rappaport at Microsoft, which acquired his previous startup Adallom.

After Rappaport left to found Wiz together with his former Adallom co-founders, CTO Ami Luttwak, VP of Product Yinon Costica and VP of R&D Roy Reznik, Bahat was one in all the primary investors. Similarly, when Bahat founded Dazz, Assaf was a small investor in it.

The connection goes deeper than work colleagues. Bahat and Rappaport are also close friends, and she or he was the second family of Mickey, Rappaport’s beloved dog, referred to as Chief Dog Officer Wiz (together with LinkedIn profile). Once the deal was done, the 2 faced two very sad events: each Bahat and Mika’s mother died.

“We hope for a new chapter of positivity,” Bahat said. The cycle of life does indeed proceed.

Rumors of this takeover began to appear earlier this month; Rappaport confirmed that they then began talking seriously.

But that is not the one M&A conversation Wiz has gotten involved in. Earlier this 12 months, Google tried to buy Wiz itself for $23 billion to construct a major cybersecurity business. Wiz walked away from the deal, which might have been the biggest in Google’s history, partly because Rappaport believed Wiz could turn into a fair larger company by itself terms. And that is what this agreement goals to do.

This acquisition is a test for Wiz, which earlier this 12 months filled its coffers with $1 billion solely for M&A purposes (it has raised almost $2 billion in total, and we hear the subsequent round will close in just a few weeks). . Other offers included purchasing Gem security for $350 million, but Dazz is its largest acquisition ever.

More mergers and acquisitions could also be coming. “We believe next year will be an acquisition year for us,” Rappaport said.

In an interview with TC, Luttwak said that one in all Wiz’s priorities now’s to create more tools for developers that have in mind what they need to do their jobs.

Enterprises have made significant investments in cloud services to speed up operations and make their IT more agile, but this shift has include a significantly modified security profile for these organizations: network and data architectures are more complex and attack surfaces are larger, creating opportunities for malicious hackers to find ways to to hack into these systems. Artificial intelligence makes all of this far more difficult when it comes to malicious attackers. (It’s also a chance: the brand new generation of tools for our defense relies on artificial intelligence.)

Wiz’s unique selling point is its all-in-one approach. Drawing data from AWS, Azure, Google Cloud and other cloud environments, Wiz scans applications, data and network processes for security risk aspects and provides its users with a series of detailed views to understand where these threats occur, offering over a dozen products covering the areas, corresponding to code security, container environment security, and provide chain security, in addition to quite a few partner integrations for those working with other vendors (or to enable features that Wiz doesn’t offer directly).

Indeed, Wiz offered some extent of repair to help prioritize and fix problems, but as Luttwak said, the Dazz product is solely higher.

“We now have a platform that actually provides a 360-degree view of risk across infrastructure and applications,” he said. “Dazz is a leader in attack surface management, the ability to collect vulnerability signals from the application layer across the entire stack and build the most incredible context that allows you to trace the situation back to engineers to help with remediation.”

For Dazz’s part, once I interviewed Bahat in July 2024, when Dazz raised $50 million at a $350 million valuation, she extolled the virtues of constructing strong solutions and this week said the third quarter was “amazing.”

“But market dynamics are what trigger these types of transactions,” she said. She confirmed that Dazz had also received takeover offers from other corporations. “If you think about the customers and joint customers that we have with Wiz, it makes sense for them to have it on one platform.”

And a few of Dazz’s competitors are still going it alone: ​​Cyera, like Dazz, an authority in attack surface management, just yesterday announced a rise of $300 million at a valuation of $5 billion (which confirms our information). But what’s going to he do with this money? Make acquisitions, after all.

Wiz says it currently has annual recurring revenue of $500 million (it has a goal of $1 billion ARR next 12 months) and has greater than 45% of its Fortune 100 customers. Dazz said ARR is within the tens of hundreds of thousands of dollars and currently growing 500% on a customer base of roughly 100 organizations.

This article was originally published on : techcrunch.com
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Department of Justice: Google must sell Chrome to end its monopoly

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Google corporate logo hangs outside the Google Germany offices

The U.S. Department of Justice argued Wednesday that Google should sell its Chrome browser as part of a countermeasure to break the corporate’s illegal monopoly on online search, according to a filing with the Justice Department. United States District Court for the District of Columbia. If the answer proposed by the Department of Justice is approved, Google won’t have the option to re-enter the search marketplace for five years.

Ultimately, it’ll be District Court Judge Amit Mehta who will determine what the ultimate punishment for Google might be. This decision could fundamentally change one of the most important firms on the planet and alter the structure of the Internet as we understand it. This phase of the method is anticipated to begin sometime in 2025.

In August, Judge Mehta ruled that Google constituted an illegal monopoly since it abused its power within the search industry. The judge also questioned Google’s control over various web gateways and the corporate’s payments to third parties to maintain its status because the default search engine.

The Department of Justice’s latest filing says Google’s ownership of Android and Chrome, that are key distribution channels for its search business, poses a “significant challenge” to remediation to ensure a competitive search market.

The Justice Department has proposed other remedies to address the search engine giant’s monopoly, including Google spinning off its Android mobile operating system. The filing indicated that Google and other partners may oppose the spin-off and suggested stringent countermeasures, including ending the use of Android to the detriment of search engine competitors. The Department of Justice has suggested that if Google doesn’t impose restrictions on Android, it must be forced to sell it.

Prosecutors also argued that the corporate must be barred from stepping into exclusionary third-party agreements with browser or phone firms, resembling Google’s agreement with Apple to be the default search engine on all Apple products.

The Justice Department also argued that Google should license its search data, together with ad click data, to competitors.

Additionally, the Department of Justice also set conditions prohibiting Google from re-entering the browser market five years after the spin-off of Chrome. Additionally, it also proposed that after the sale of Chrome, Google mustn’t acquire or own any competing ad text search engine, query-based AI product, or ad technology. Moreover, the document identifies provisions that allow publishers to opt out of Google using their data to train artificial intelligence models.

If the court accepts these measures, Google will face a serious setback as a competitor to OpenAI, Microsoft and Anthropic in AI technology.

Google’s answer

In response, Google said the Department of Justice’s latest filing constitutes a “radical interventionist program” that may harm U.S. residents and the country’s technological prowess on the planet.

“The Department of Justice’s wildly overblown proposal goes far beyond the Court’s decision. “It would destroy the entire range of Google products – even beyond search – that people love and find useful in their everyday lives,” said Google’s president of global affairs and chief legal officer Kent Walker. blog post.

Walker made additional arguments that the proposal would threaten user security and privacy, degrade the standard of the Chrome and Android browsers, and harm services resembling Mozilla Firefox, which depends upon Google’s search engine.

He added that if the proposal is adopted, it could make it tougher for people to access Google search. Moreover, it could hurt the corporate’s prospects within the AI ​​race.

“The Justice Department’s approach would lead to unprecedented government overreach that would harm American consumers, developers and small businesses and threaten America’s global economic and technological leadership at precisely the moment when it is needed most,” he said.

The company is to submit a response to the above request next month.

Wednesday’s filing confirms earlier reports that prosecutors were considering getting Google to spin off Chrome, which controls about 61% of the U.S. browser market. According to to the StatCounter web traffic service.

This article was originally published on : techcrunch.com
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Snowflake acquires data management company Datavolo

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The Snowflake Inc logo, which represents the American cloud computing-based data company that offers cloud-based storage and analytics services, is being displayed on their pavilion at the Mobile World Congress 2024 in Barcelona, Spain, on February 28, 2024.

Cloud giant Snowflake has agreed to take over Datavoloa company managing the data pipeline, for an undisclosed amount.

Snowflake announced the deal on Wednesday after the market bell closed, while reporting its third-quarter 2025 earnings. The purchase has not yet closed and is subject to customary closing conditions, Snowflake noted wa release.

Joseph Witt and Luke Roquet, who met while working together at Hortonworks, founded Datavolo in 2023. Witt was previously a vp at Cloudera, and Roquet was Cloudera’s chief marketing officer and, before that, director of business development at AWS.

Datavolo uses Apache NiFi, an open source data processing project developed by the NSA, to power a platform to automate data flow between disparate enterprise data sources. Data “processors” extract, cleanse, transform and enrich data, including for generative use of artificial intelligence.

With Datavolo having raised $21 million in enterprise capital from investors including Citi Ventures and General Catalyst prior to the acquisition, Snowflake CEO Sridhar Ramaswamy envisions creating more comprehensive data pipelines for Snowflake customers. For example, he says Datavolo can enable users to interchange single-use data connectors with flexible pipelines that allow them to maneuver data from cloud and on-premises sources to Snowflake’s data cloud.

“By bringing Datavolo to Snowflake, we are increasing the amount of data captured by Snowflake over the lifecycle, providing our customers with both simplicity and cost savings, without sacrificing data extensibility,” Ramaswamy said in a press release. “We are thrilled to have the Datavolo team join Snowflake as we accelerate the best platform for enterprise data – unstructured and structured, batch and streaming – and committed to the success of the open source community.”

Witt says Snowflake will support and help manage the Apache NiFi project after the acquisition closes. “Data engineering at scale can be extremely expensive and complex, and our goal has always been to simplify our customers’ experiences so they can realize value faster,” he added within the press release. “By joining forces with Snowflake, we can deliver the massive scale and radical simplicity of the Snowflake platform to our customers, ultimately unlocking data engineering for more users.”

Thanks partly to artificial intelligence, demand for data management technologies has increased. Fortune’s business insights estimates that the worldwide enterprise data management market could possibly be price $224.87 billion by 2032.

However, data management has been a challenge for enterprises long before the substitute intelligence boom. According to in a 2022 survey by Great Hopetions, a data quality platform, 91% of organizations said data quality issues impact their performance.

Against this backdrop, it isn’t surprising that firms like Datavolo are gaining prominence.

Today was a giant day for Snowflake who reported better-than-expected earnings sent the company’s shares up 19%. In addition to the acquisition of Snowflake, the company announced a multi-year partnership with Anthropic to integrate the startup’s AI models into Snowflake’s Cortex AI, Snowflake Intelligence and Cortex Analyst products.

This article was originally published on : techcrunch.com
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