Tech

Revolut aims to take on Indian banks and their ‘criminal’ forex fees | TechCrunch

Revolut aims to take on Indian banks and their ‘criminal’ forex fees | TechCrunch

British fintech Revolut — now launching in India — says cross-border payments remain one of India’s most underserved financial services. By its estimate, Indians spend about $30 billion overseas every year and lose around $600 million in bank charges — fees its India head calls “criminal.” “It has been the preserve of banks,” Paroma Chatterjee, Revolut India CEO, told TechCrunch. …

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Exclusive: Trump’s DOE proposes cutting billions in grants for GM, Ford, and lots of startups | TechCrunch

Exclusive: Trump’s DOE proposes cutting billions in grants for GM, Ford, and lots of startups | TechCrunch

The Department of Energy is looking to cut billions more in federal funding, and many promising startups as well as automakers Ford, General Motors, and Stellantis could be affected by the Trump administration’s decision. The proposed cuts would cancel more than $500 million of contracts awarded to more than a dozen startups, according to a TechCrunch analysis of a internal …

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Wall Street analysts explain how AMD’s own stock will pay for OpenAI’s billions in chip purchases  | TechCrunch

Wall Street analysts explain how AMD’s own stock will pay for OpenAI’s billions in chip purchases  | TechCrunch

After AMD and OpenAI announced an expanded partnership on Monday, the chatter immediately turned to the unusual way OpenAI would pay for its AMD purchases. It will use AMD’s own stock to do so.  To recap: OpenAI has agreed to help AMD refine its line of Nvidia competitor chips, the Instinct GPUs, as well as to purchase and deploy 6 gigawatts of …

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Google launches its AI vibe-coding app Opal in 15 more countries | TechCrunch

Google launches its AI vibe-coding app Opal in 15 more countries | TechCrunch

Google is expanding access to Opal, its AI vibe-coding app, to 15 more countries. The app, which lets you create mini web apps using text prompts, is now available in Canada, India, Japan, South Korea, Vietnam, Indonesia, Brazil, Singapore, Colombia, El Salvador, Costa Rica, Panamá, Honduras, Argentina, and Pakistan. “When we opened up Opal to users in the U.S. we anticipated …

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How Otter.ai’s CEO is pushing the company to be more than just a meeting scribe | TechCrunch

How Otter.ai’s CEO is pushing the company to be more than just a meeting scribe | TechCrunch

Otter.ai CEO Sam Liang isn’t satisfied with the company being viewed, and used, as just a meeting notetaker. Liang wants Otter.ai to become a go-to source for enterprises and a new batch of products released Tuesday is the first step in that evolution. The Silicon Valley-based AI meeting assistant startup released Tuesday a new suite of tools for enterprises designed to better …

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X splits Verified Organizations into ‘Premium Business’ and ‘Premium Organizations’ | TechCrunch

X splits Verified Organizations into ‘Premium Business’ and ‘Premium Organizations’ | TechCrunch

X announced on Tuesday that Verified Organizations, its premium subscription offering for businesses and governments, is being rebranded and will now be split into two offerings: Premium Business and Premium Organizations. While the Premium Organizations tier comes with a grey checkmark and is intended for governments and multilateral organizations, Premium Business will feature a gold checkmark and is designed to …

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Facebook updates its algorithm to give users more control over which videos they see | TechCrunch

Facebook updates its algorithm to give users more control over which videos they see | TechCrunch

Meta announced on Tuesday a new Facebook algorithm update that will showcase more Reels videos tailored to users’ preferences. The update includes features that offer users greater control over the videos they see, AI-powered search suggestions, and new friend bubbles.  Facebook will make it easier for users to express their disinterest in these types of videos. They can now select …

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ICE bought vehicles equipped with fake cell towers to spy on phones  | TechCrunch

ICE bought vehicles equipped with fake cell towers to spy on phones  | TechCrunch

U.S. Immigration and Customs Enforcement (ICE) paid $825,000 earlier this year to a company that manufactures vehicles equipped with various technologies for law enforcement, including fake cellphone towers known as “cell-site simulators,” which can be used to spy on nearby phones.   According to public records, the award dated May 8 “provides Cell Site Simulator (CSS) Vehicles to support the Homeland …

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