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Neocloud Lambda secures $1B in debt to buy more chips

Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It's the latest in a string of loans, underscoring the high cost of the AI boom.

Open-weight AI companies are the Valley’s hottest acquisition targets

There's a lot of capital pouring into the business of giving models away.

Barret Zoph, the Thinking Machines co-founder ousted before joining OpenAI, is now at Google

Zoph, who co-founded Thinking Machines Lab alongside Mira Murati and also served as the startup's CTO, led a brief stint at OpenAI and is now at Google.

Medical device maker Boston Scientific says a cyberattack is causing a ‘global disruption’ to its operations

The company won't say if medical devices are affected or if any customer data was exfiltrated.

Instagram’s ‘First Draft’ feature aims to make editing Reels less tedious

Instagram is making one of the most tedious parts of creating Reels easier. The company announced Tuesday in a Threads post that it’s rolling out “First Draft,” a new editing feature that automatically trims selected video clips and removes pauses, pulling together the best moments into an initial cut.  Instagram says the process can produce […]

Your vote matters! Decide which Audience Choice sessions will make it to TechCrunch Founder Summit 

Each year, we get a huge influx of applicants to speak at TechCrunch’s events, and this year’s Founder Summit in Boston on November 4 will be no different!