Cohere, the Canada-based enterprise AI unicorn, announced Friday that it would merge with the Germany-based enterprise AI company Aleph Alpha. The deal, which has yet to close, will value the newly formed company at $20 billion, the FT reported. Schwarz Group, one of Aleph Alpha’s top backers, will also invest …

Palantir has helped the Internal Revenue Service’s Criminal Investigations office probe a variety of financial crimes in the U. for much of the last decade, The Intercept reported. The IRS has paid the firm $130 million since 2018 to use its data analysis software to pore over financial records for …

Silicon Valley tends to tolerate a certain amount of founder exaggeration when pitching investors, often dismissing it as part of selling a vision. But some choices cross the line and can lead to jail time for founders and scandal for their investors. A case in point is Joseph Sanberg, whose …

Pronto, an Indian instant house-help startup, is finalizing a funding round led by tech investor Lachy Groom that would value the fast-growing company at about $200 million after investment, TechCrunch has learned. The deal is expected to bring in about $20 million in fresh capital and would mark a sharp …

StrictlyVC’s first San Francisco event of the year is nearly here, and with just a week to go, now’s the time to grab yourself a ticket. The venture and founder communities will be gathering at the Sentro Filipino Cultural Center on April 30 for an evening packed with what StrictlyVC …

App and website hosting giant Vercel on Thursday said hackers had accessed some of its customers’ data before the company discovered its recent data breach, suggesting that this incident may have broader security implications than initially known. In an update on its security incident page, Vercel said it had identified …

The Philippines has millions of unbanked adults, and its consumer lending market is starting to catch up. Salmon, a Manila-based consumer finance app, just raised $60 million in equity and $40 million in debt to bring digital banking to Filipinos. Salmon was founded by Pavel Fedorov, George Chesakov, and Raffy …

Launched in 2021, when the company was still known as Twitter, Communities were meant to provide the social network’s users with a place to connect with each other around shared interests. Now, X is shutting down the feature for good, saying it was overrun with spam and a headache to …

Meta announced on Thursday an improved Meta Account system designed to make it easier for users to sign in and manage their Meta accounts and devices. Today, the Meta ecosystem has become so expansive that it almost feels unwieldy — users might have various different accounts and log-ins for Facebook, …

Earlier in April, the startup Era held a gathering in New York for artists who had received its developer kit. The artists showed off the various mini gadgets they had built, like a souvenir that tells you facts and jokes about France, a phone-like device that looks at your stocks …