ByteDance’s Oculus rival Pico has laid off hundreds of people and halted aggressive expansion TechCrunch

ByteDance's Oculus rival Pico has laid off hundreds of people and halted aggressive expansion  TechCrunch

Image credit: Pico 4 When Pico launched its Oculus Quest competitor in China last year, it did so with great optimism. Released by the ByteDance-owned manufacturer, the lightweight (295g) and affordable ($420) VR headset was expected to tap into a market inaccessible to Meta. Chance was against Pico. Sales have been slow, and this week …

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ByteDance’s Oculus rival Pico has laid off hundreds of people and halted aggressive expansion TechCrunch

ByteDance's Oculus rival Pico has laid off hundreds of people and halted aggressive expansion  TechCrunch

When Pico launched its Oculus Quest competitor in China last year, it did so with great optimism. The lightweight (295g) and affordable ($420) virtual reality headset released by the ByteDance-owned manufacturer was expected to tap into a market inaccessible to Meta. Chance was against Pico. Sales have been slow, and this week Pico, which was …

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OpenAI forms team to study ‘catastrophic’ AI risks, including nuclear threats | TechCrunch

OpenAI forms team to study 'catastrophic' AI risks, including nuclear threats |  TechCrunch

Image credit: Bryce Durbin/TechCrunch OpenAI announced today that it has created a new team to assess, evaluate and review AI models to protect against what it describes as catastrophic risks. The team, called Prep, will be led by Alexander Madry, director of MIT’s Center for Deployable Machine Learning. (Madi joined OpenAI in May as head …

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GGV Capital US backs Arteria AI digital transformation to create financial documents | TechCrunch

GGV Capital US backs Arteria AI digital transformation to create financial documents |  TechCrunch

Image credit: Caley Taylor / Arteria AI, from left, Jonathan Wang, Shelby Austin and Abrar Haque Data makes the world go round, but only if you can get what you need and know how to use it well. Since about 90% of enterprise data is unstructured, and organizations use less than 1% of this data …

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AMD and Korean telco KT back AI software developer Moreh in $22M Series B TechCrunch

AMD and Korean telco KT back AI software developer Moreh in $22M Series B TechCrunch

Image credit: Jonathan’s Kitchen/Getty Images Advanced Micro Devices (AMD) and Korean telecom company KT are among the investors in More, which makes an artificial intelligence software tool that optimizes and builds artificial intelligence models. The Santa Clara and Seoul-based startup announced that it has raised a $22 million Series B round, bringing its total revenue …

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Google launched AR beauty ads for lip and eye products TechCrunch

Google launched AR beauty ads for lip and eye products  TechCrunch

Image credit: Arthur Vidak/Noor Photo/Getty Images Google sees augmented reality (AR) as a new and potentially quite effective advertising medium. Today, the search giant announced the launch of AR Beauty Ads, a new type of smartphone ad that lets brands promote lip and eye products (and soon foundation) through virtual try-on experiences. Instead of a …

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Tinder app by letting friends in Matchmaker | TechCrunch gets more social

Tinder app by letting friends in Matchmaker |  TechCrunch gets more social

Image credit: Tinder Dating app users often sit with their friends and finger their matches to get feedback, or even hand over their phones and let their friends swipe for them. Now, that real-life experience is becoming part of Tinders product, as the company today introduces a new feature called Tinder Matchmaker, where users can …

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Stealth is emerging as an API platform to provide multimodal search to developers TechCrunch

Stealth is emerging as an API platform to provide multimodal search to developers  TechCrunch

Objective (formerly Kailua Labs), a multifaceted search platform built by machine learning experts from Apple, Google, Meta, Amazon, and Twilio, came out of hiding today with a $13 million venture capital round. Objective is a low-code platform that allows developers to build multi-query applications that handle input and output in various text, image, video, and …

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