Welcome to TechCrunch Fintech! This week, we’re looking at Revolut’s reported valuation hike, fintech unicorns, the Disrupt Fintech Stage, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. The big story Revolut reportedly told staff last week of […]
OpenAI tempers expectations with less bombastic, GPT-5-less DevDay this fall
Last year, OpenAI held a splashy press event in San Francisco during which the company announced a bevy of new products and tools, including the ill-fated App Store-like GPT Store. This year will be a quieter affair, however. On Monday, OpenAI said it’s changing the format of its DevDay conference from a tentpole event into […]
Paul Finebaum makes bold prediction about Michigan this fall
The Michigan football program is at the top of the college football world right now. Despite all of the mud being slung at Jim Harbaugh, Connor Stalions, and many others surrounding some alleged improprieties, the Wolverines had the last laugh after taking home their third-straight Big Ten title and doubling down by winning the national […]
Cloud infrastructure revenue approached $80 billion this quarter
The cloud infrastructure market has put the doldrums of 2023 firmly behind it with another big quarter. Revenue continues to grow at a brisk pace, fueled by interest in AI. Synergy Research reports revenue totaled $ 79 billion for the quarter, up $ 14.1 billion or 22% from last year. This marked the third consecutive […]
This Week in AI: Companies are growing skeptical of AI’s ROI
Hiya, folks, welcome to TechCrunch’s regular AI newsletter. This week in AI, Gartner released a report suggesting that around a third of generative AI projects in the enterprise will be abandoned after the proof-of-concept phase by year-end 2025. The reasons are many — poor data quality, inadequate risk controls, escalating infrastructure costs and so on. […]