Archive: August 2018

Scimplify raises $25M to challenge China’s grip on critical materials with AI

August 23, 2018 | TechCrunch AI
Scimplify raises $25M to challenge China’s grip on critical materials with AI
The all-equity strategic round was led by Hitachi Ventures, with customers Henkel and Teknor Apex joining as new investors. Existing backers Accel India, Bertelsmann India Investments, Omnivore, and 3one4 Capital also participated. The round values the Bengaluru-based startup at $250 million after the investment, according to a person familiar with the transaction, up from $150 million after a $40 million Series B round in March 2025. The latest investment

Replit’s CEO says the future of work is the ‘self-driving company’

August 3, 2018 | TechCrunch AI
Replit’s CEO says the future of work is the ‘self-driving company’
He described his vision of a “self-driving company,” referring not to robotaxi makers, but how agents will come to do much of the grunt work at companies while people become more valued for their judgment and taste. “The reality is, all of our jobs — perhaps everyone in this audience, especially — changed over the past year,” he said, addressing the audience at Disrupt. “But a big part of America and the world, they still don’t know that that change is com

From the front row to the hot seat — what the midterms mean for Big Tech

August 11, 2018 | TechCrunch AI
From the front row to the hot seat — what the midterms mean for Big Tech
For the past two years, many of Silicon Valley’s biggest names have built closer ties with President Donald Trump and his administration. Several attended White House events, some companies scaled back diversity, equity, and inclusion (DEI) programs, and some executives donated millions to super PACs supporting his campaign and allied candidates. Administration policies also benefited the industry, including tax breaks, the pausing of some federal investig

The Verge

August 13, 2018 | The Verge AI
The Verge
The US let Nvidia sell chips to an empty office in ChinaThe government is approving sales of Nvidia’s AI chips to Chinese firms with ties to blacklisted companies.The government is approving sales of Nvidia’s AI chips to Chinese firms with ties to blacklisted companies.Image: Cath Virginia / The VergeConcerns are being raised that neither the Commerce Department nor Nvidia are doing their due diligence when it comes to vetting Chinese firms cleared to hand