AWS is adding caching and prompt routing to its Bedrock LLM service to help businesses reduce costs associated with using large language models. Caching stores responses to frequently asked questions, while prompt routing directs simpler queries to smaller, more efficient models.

Source: https://techcrunch.com/category/fintech/

The European Union is considering a crackdown on ultra low-cost e-tailers like AliExpress, Shein, and Temu due to safety and counterfeiting concerns, and is exploring options such as a per-package fee or tax on e-commerce platforms' revenue.

Source: https://techcrunch.com/category/fintech/

Meta is updating Instagram's Broadcast Channels feature to allow creators to enable replies from followers, enabling two-way communication and conversation starters.

Source: https://techcrunch.com/category/fintech/

Spotify's Wrapped inspires other platforms to release their own year-in-review features, offering users personalized summaries of their listening habits and preferences.

Source: https://techcrunch.com/category/fintech/

HuggingFace CEO, Clement Delangue, expresses concern over Western companies building on open source Chinese AI models that censor sensitive topics, such as Tiananmen Square. Delangue warns that chatbots based on these models may not respond accurately to questions about such topics.

Source: https://techcrunch.com/category/fintech/

The Browser Company's new AI browser, Dia, replaces their popular browser, Arc, sparking controversy. The CEO showcases the AI's ability to interact with users by having it email his wife on his behalf.

Source: https://techcrunch.com/category/fintech/

Eugenio Marongiu, a photographer, used OpenAI's unreleased text-to-video model Sora to create a piece called 'Surreal Elderhood.' Marongiu found Sora accelerated his creative process, allowing him to generate video directly from text.

Source: https://techcrunch.com/category/fintech/

AWS announced Amazon Aurora DSQL, a serverless, distributed SQL database with high availability, strong consistency, and PostgreSQL compatibility, promising 4x faster reads and writes compared to other popular distributed SQL databases.

Source: https://techcrunch.com/category/fintech/

Amazon Web Services (AWS) launched Nova, a new family of generative AI models. The family includes four text-based models (Micro, Lite, Pro, and Premier) and two multimodal models (Nova Canas for image generation and Nova Reel for video generation). Micro, Lite, and Pro are available now, while Premier launches in Q1 2025.

Source: https://techcrunch.com/category/fintech/

Tech companies are developing AI agents to automate online shopping, with Perplexity releasing its AI shopping agent for US customers, and others like OpenAI and Google reportedly working on similar projects.

Source: https://techcrunch.com/category/fintech/