Laam, a Lahore-based online marketplace, has received $5.5 million in funding to provide an extensive catalog of South Asian fashion to global markets.

Source: https://techcrunch.com/tag/ai/

OpenAI's ChatGPT, Sora, and API experience outage, cause unknown

Source: https://techcrunch.com/tag/ai/

A California district court judge has granted a preliminary injunction to WP Engine, ordering WordPress co-creator Matt Mullenweg and Automattic to restore WP Engine's access to WordPress.org.

Source: https://techcrunch.com/tag/ai/

SolarSquare, a Mumbai-based solar startup, secured $40 million in funding, the largest venture round in India's solar sector. After five years of profitability serving corporate customers, SolarSquare expanded to residential solar in 2021 and now powers over 20,000 homes and 200 housing societies.

Source: https://techcrunch.com/tag/ai/

Microsoft will take an $800M impairment charge due to GM's decision to shut down its Cruise robotaxi program, affecting its minority investment in Cruise.

Source: https://techcrunch.com/tag/ai/

Some venture capitalists are concerned about Trump administration's proposal to increase tax on university endowments from 1.4% to 35%. This could potentially impact funding as universities are significant limited partners in private equity. However, it's unclear if this tax increase will be implemented, given the number of new administration's appointees and donors who are VCs.

Source: https://techcrunch.com/tag/ai/

Mozilla has removed the 'Do Not Track' feature from Firefox, citing its ineffectiveness and potential for privacy harm. The setting sent a signal to websites that users did not want to be tracked, but websites largely ignored it, leading to potential identification and tracking.

Source: https://techcrunch.com/tag/ai/

Lookout researchers discovered Chinese spyware called 'EagleMsgSpy' used by Chinese law enforcement since at least 2017 to collect sensitive data from Android devices in China. This data includes call logs, contacts, GPS location, bookmarks, and messages from apps like Telegram and WhatsApp.

Source: https://techcrunch.com/tag/ai/

OpenAI's video-generating AI, Sora, appears to have been trained on data from Twitch streams and game walkthroughs, including Minecraft and Super Mario Bros.

Source: https://techcrunch.com/tag/ai/

Hyundai's electric air taxi startup Supernal is relocating its global headquarters from Washington, D.C. to Irvine, California, affecting around 35-40 employees.

Source: https://techcrunch.com/tag/ai/