Initialized Capital is restructuring its team to “meet the moment” in the venture market, according to a blog post from the firm’s managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by Alexis Ohanian, Garry Tan, and Harjeet Taggar, announced yesterday that it let multiple people go and specifically named...

The U.S. Department of Justice Thursday announced that it has sentenced a pair of Chinese citizens residing in Maryland following a massive bid to defraud Apple. According to the officials, the scheme involved sending more than 6,000 knockoff iPhones from Hong Kong to the company for repair. With the help of spoofed IMEI and serial […] © 2024 TechCrunch....

OpenAI introduced a new way to interact with ChatGPT on Thursday: an interface it calls “canvas.” The product opens a separate window, beside the normal chat window, with a workspace for writing and coding projects. Users can generate writing or code directly in the canvas, then highlight sections of the work to have the model […] © 2024 TechCrunch....

To some degree, every business that has a presence on the web is in the content business — whether that’s for informing customers, finding new clients, or for SEO. That means managing the production of those texts and images, updating them, and potentially optimizing them for a search engine to index and rank. Since large […] © 2024 TechCrunch. All...

In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $10 billion in liquidity, which gives us the flexibility to invest in new […] © 2024 TechCrunch. All rights...

Google is rolling out a redesigned AI Overviews experience — with ads — and expanding its test of AI-organized results pages. © 2024 TechCrunch. All rights reserved. For personal use only.