AI

After raising $100M, AI fintech LoanSnap is being sued, fined, evicted

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AI mortgage startup LoanSnap is facing an avalanche of lawsuits from creditors and has been evicted from its headquarters in Southern California, leaving employees worried about the company’s future, TechCrunch has learned. LoanSnap, founded by serial entrepreneurs Karl Jacob and Allan Carroll, has raised around $100 million in funding since its 2017 seed round, $90 […]

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Swiss startup Neural Concept raises $27M to cut EV design time to 18 months

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As pressure from Chinese competitors intensifies and the EV market stalls, major U.S. and European auto manufacturers are racing to cut the cost of producing electric vehicles so they can get to the price tags and profit margins of ICE cars. But to do that, they must find ways to make the design process faster

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VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market

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VCs are clamoring to invest in hot AI companies, willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to get into such deals at all. Yet, small, unknown investors, including family offices and high-net-worth individuals, have found their own way to get shares of the hottest

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Hugging Face says it detected ‘unauthorized access’ to its AI model hosting platform

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Late Friday afternoon, a time window companies usually reserve for unflattering disclosures, AI startup Hugging Face said that its security team earlier this week detected “unauthorized access” to Spaces, Hugging Face’s platform for creating, sharing and hosting AI models and resources. In a blog post, Hugging Face said that the intrusion related to Spaces secrets,

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Google admits its AI Overviews need work, but we’re all helping it beta test

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Google is embarrassed about its AI Overviews, too. After a deluge of dunks and memes over the past week, which cracked on the poor quality and outright misinformation that arose from the tech giant’s underbaked new AI-powered search feature, the company on Thursday issued a mea culpa of sorts. Google — a company whose name

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ElevenLabs debuts AI-powered tool to generate sound effects

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Voice cloning startup ElevenLabs introduced a new tool for users to generate sound effects through prompts today. The company first announced the project back in February. The tool, available to all users starting today, allows users to type in prompts like “waves crashing,” “metal clanging,” “birds chirping” and “racing car engine” to generate snippets of

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