Decentralized social network Mastodon says it can’t comply with Mississippi’s age verification law — the same law that saw rival Bluesky pull out of the state — because it doesn’t have the means to do so.
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users.
Nvidia reported another massive quarter this week with $46.7 billion in revenue, a 56% year-over-year increase driven almost entirely by AI demand. But despite CEO Jensen Huang’s bold prediction of $3 to 4 trillion in global AI infrastructure spending in the next five years, the stock slid as investors questioned how long this kind of growth can last.
Today on Equity, Kirsten Korosec, Max Zeff, and Anthony Ha dive into Nvidia’s earnings and what the market’s response reveals about investor confidence in the AI boom’s longevity.
Khalid Ashmawy remembers the first time he wired money home while studying in Europe.
He had just received his monthly stipend as a master’s student in Stuttgart and wanted to send part of it back to his family in Cairo. It was usually a slow and expensive process, he recalled. A $400 wire transfer, for instance, could cost $40 in fees and take three business days to arrive.
Years later, while working at Microsoft and Uber in the U.S., and even after founding a startup, that experience hadn’t improved much.
The persistent pain point…
TechCrunch Disrupt 2025 is where over 10,000 founders, VCs, and tech innovators collide on October 27-29 at San Francisco’s Moscone West. But the conversations don’t end when the venue doors close. They spill across San Francisco — throughout the week — into the rooms, rooftops, and lounges where the real connections happen.
Mukesh Ambani, India’s richest man and chairman of Reliance Industries, has unveiled an ambitious plan to build the country’s AI backbone through a new subsidiary — starting with strategic partnerships with Google Cloud and Meta.
With 4 million app downloads, Estonia-based startup Vocal Image aims to help people improve their voice and communication skills with AI-powered coaching. But out of its 160,000 active users, it may be its CEO, Nick Lakhoika, who best embodies its mission.
The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit.
Anthropic is making some big changes to how it handles user data, requiring all Claude users to decide by September 28 whether they want their conversations used to train AI models. While the company directed us to its blog post on the policy changes when asked about what prompted the move, we’ve formed some theories of our own.
Fusion power startup Commonwealth Fusion Systems has raised $863 million from a long list of investors that includes Nvidia, Google, Breakthrough Energy Ventures, and more.
“We’re continuing our trend here of looking into the world and saying, ‘How do we advance fusion as fast as possible?’” co-founder and CEO Bob Mumgaard told reporters in a call this week. “This round of capital isn’t just about fusion just generally as a concept, but it’s about how do we go to make fusion into a commercial industrial endeavor.”
The…
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