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Tech May 29, 2026

Groq Seeks $650M in Funding to Boost AI Chip Business

Groq, an AI chip startup, is reportedly raising $650 million in new funding from existing investors…
Groq's New Funding Round Groq is looking to raise $650 million in new funding from existing investors, sources tell Axios, as it leans into its inference neocloud business that relies on its homegrown AI chip and systems. The Nvidia Deal and Its Impact In December, Groq struck one of those not-an-acquisition agreements with Nvidia for a reported $20 billion, which involved the departure of some top-level senior Groq employees to the chip giant and the licensing of Groq’s hardware technology to Nvidia. The Focus on Inference Cloud Business The new direction is led right now by Groq’s interim CEO and CFO, Adam Winter and Matt Eng, respectively. The company's inference cloud business lets developers and enterprises host their inference-hungry apps. Inference is the processing that happens after an AI prompt and is currently a much bigger need in the AI world than model training. The Funding Commitment Groq's backers Disruptive and Infinitium have agreed to fill the round should other existing investors not want their pro-rata shares. The $650 million in funding is essentially guaranteed.
#Groq #Nvidia #AI Chips
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Tech May 29, 2026

Groq Seeks $650M in Funding to Boost AI Chip Business

AI chip startup Groq is reportedly raising $650 million in new funding from existing investors to g…
Groq's Ambitious Funding Round Groq, an AI chip startup, is looking to raise $650 million in new funding from existing investors, sources tell Axios, as it leans into its inference neocloud business that relies on its homegrown AI chip and systems. The Nvidia Deal and Its Implications In December, Groq struck a not-an-acquisition agreement with Nvidia for a reported $20 billion, which involved the departure of some top-level senior Groq employees to the chip giant and the licensing of Groq's hardware technology to Nvidia. The Focus on Inference Cloud Business The new direction is led by Groq's interim CEO and CFO, Adam Winter and Matt Eng, respectively. The company's inference cloud business lets developers and enterprises host their inference-hungry apps. Inference is the processing that happens after an AI prompt and is currently a much bigger need in the AI world than model training. The Funding Dynamics Groq's backers Disruptive and Infinitium have agreed to fill the round should other existing investors not want their pro-rata shares. The $650 million in funding is essentially guaranteed. The funding round highlights the ongoing investments in AI chip startups and the growing demand for inference capabilities in the AI ecosystem.
#Groq #Nvidia #AI Chips
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Tech May 29, 2026

Cognition CEO Scott Wu: AI Coding Agents Should Augment, Not Replace Humans

Cognition CEO Scott Wu discusses the role of AI coding agents like Devin, emphasizing that they sho…
The Vision for AI Coding Agents Cognition CEO Scott Wu made headlines again this week when his two-year-old AI coding agent startup raised $1 billion at a $26 billion valuation. Cognition is the maker of Devin, one of the first and, arguably, most successful AI coding agents. Devin, the CEO says, “naturally owns tasks end to end.” The Future of Software Development In fact, in the blog post announcing that raise, Cognition laid out a vision where “we are shifting to a world of self-driving software development.” So, could Devin replace, say, a mid-level L4 programmer? Yes, and no, Wu told TechCrunch. “We’ve never thought about it as replacing humans. I know it’s like a scenario, folks have said these things. It has never been our view.” Preserving the Joy of Programming Wu emphasizes that the goal is not to make human programmers obsolete. “We are all programmers ourselves,” he explained. “I started coding when I was nine.” He views agents as another layer of abstraction between envisioning a software product and producing it, similar to how visual development environments abstracted software creation away from machine instructions. The Role of Devin in Cognition Cognition says that Devin’s role in its own company is to ship nearly all the software. The company says that 89% of code committed by its engineers was committed by Devin, and the rest by local agents. Wu explains that his agent’s role is largely to do the kinds of long-tail maintenance tasks that many programmers don’t like to do anyway: bringing old software up to date; moving applications off one platform and onto another. The Future of AI Agents Wu predicts that agents will enter other fields where they will learn tasks, from customer service to medicine, but hopes the goal will be to augment human workers in those areas, too. “Code and software has been the first to move, but we’ll see this happen in all these other industries,” he predicts. “One thing that’s been clear to us since the beginning is, it should always be up to the human what to do … you really see this in software engineering, but I think it’s true in all these other professions too.”
#Cognition #Scott Wu #AI Coding Agents
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Tech May 29, 2026

The AI Psychosis Epidemic: Are CEOs Losing Touch with Reality?

Box founder Aaron Levie warns that many CEOs suffer from 'AI psychosis,' believing AI can replace h…
The AI Psychosis Phenomenon Box founder Aaron Levie has coined the term 'AI psychosis' to describe a growing trend among CEOs: the belief that AI can seamlessly replace human jobs without understanding the intricacies of those roles. This phenomenon highlights a disconnect between the decision-makers and the realities of the workforce. The Disconnect Between AI Hype and Job Realities Recent layoffs: ClickUp cut 22% of its workforce for AI agents, and tech layoffs in 2026 are nearly matching all of 2025. Growing concerns: DuckDuckGo installs are climbing as users seek alternatives to Google's AI-driven search. The Impact on the Tech Industry The situation raises questions about the future of work and the role of AI. As the AI-pilled and AI-skeptical perspectives collide, the industry is left to ponder the implications. Key Takeaways and Future Outlook The discussion on TechCrunch's Equity podcast, featuring Kirsten Korosec, Anthony Ha, and Sean O'Kane, delves into the complexities of AI's impact on the workforce. With Waymo's new robotaxi hitting the road and significant deals on the horizon, the future of tech and AI is more uncertain than ever.
#AI #Box #Aaron Levie
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Tech May 29, 2026

Final 24 Hours to Save Up to $410 on TechCrunch Disrupt 2026 Tickets

TechCrunch Disrupt 2026 Early Bird pricing ends tonight at 11:59 p.m. PT, offering up to $410 in sa…
The Final Countdown for TechCrunch Disrupt 2026 Savings This is it. The countdown is almost over. You now have until tonight at 11:59 p.m. PT to lock in Early Bird savings of up to $410 for TechCrunch Disrupt 2026 before prices increase. Event Overview: A Gathering of Tech's Elite If Disrupt has been on your must-attend list, this is your final chance to secure the lowest available rates before the next price jump hits. Once the deadline passes, so do the savings. Join 10,000+ founders, investors, operators, and innovators at Moscone West in San Francisco from October 13–15 for three days packed with networking, startup discovery, and conversations shaping the future of tech. Group Benefits: Bring Your Team at Reduced Rates Bring a plus-one at 50%, or bring a group to get an up to 30% discount. These options make it more affordable to attend with colleagues or team members. Why TechCrunch Disrupt Matters for the Industry TechCrunch Disrupt is where startup momentum accelerates. The event brings together the people actively building, funding, and scaling what's next across AI, fintech, SaaS, climate, cybersecurity, consumer tech, and beyond. What to Expect at the Conference With 300+ exhibiting startups, Startup Battlefield 200, curated networking experiences, and multiple stages of programming, Disrupt is built to help attendees make meaningful connections and real business progress. Who Should Attend Disrupt 2026 Disrupt is designed for founders raising capital, investors sourcing opportunities, operators scaling companies, and innovators looking for an edge. Whether you're launching your next startup, growing your network, or tracking the future of technology, Disrupt puts you in the room with the people driving the industry forward. High-Caliber Speakers and Sessions Every year, Disrupt brings together hundreds of influential voices across startups and venture capital. Past speakers have included leaders from the companies and firms shaping the future of AI, enterprise software, fintech, consumer tech, and more. This year will deliver the same high-caliber experience, with 200+ sessions across six industry-focused stages, plus roundtables and breakouts covering scaling, AI, fintech, infrastructure, robotics, and emerging technologies. Don't Miss the Early Bird Deadline Early Bird savings of up to $410 end tonight at 11:59 p.m. PT. After that, ticket prices increase. Register now to secure your TechCrunch Disrupt 2026 pass at a low rate before the deadline expires. Bringing more than just you? Save 50% on a second ticket, or up to 30% on community passes.
#TechCrunch #Disrupt 2026 #Startup Conference
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Tech May 29, 2026

Kiwibit's AI Bird Feeder Transforms Backyard Bird Watching into an Interactive Experience

The Kiwibit Bird Feeder Pro 4K AI Camera transforms traditional bird feeding into an interactive ex…
The LeadThe Kiwibit Bird Feeder Pro 4K AI Camera has emerged as a revolutionary backyard accessory that combines traditional bird feeding with cutting-edge artificial intelligence. This smart device not only attracts birds but also identifies and tracks their visits, creating an engaging experience for nature enthusiasts.The Event DetailsSetting up the Kiwibit Bird Feeder Pro is straightforward with multiple mounting options for poles, window ledges, or trees. The device features dual seed compartments for easy refills and cleaning, and a solar panel to eliminate battery concerns. Key specifications include 2.4 GHz Wi-Fi support, cloud storage, built-in two-way audio, and a 130-degree wide-angle lens.Once installed, the feeder connects to the Kiwibit app, which notifies users when birds visit, allows them to watch recordings, and tracks all visits. The app uses Kiwibit's proprietary bird-identification algorithm to recognize over 10,000 bird species, providing detailed information about each species through integration with Wikipedia.The Data AnalysisPriced between $179.99 and $249.99 depending on the model, the Kiwibit Bird Feeder Pro offers significant value for wildlife enthusiasts. During testing, the device successfully recorded visits from six different bird species, with users receiving notifications for each visitor. The Activity tab tracks metrics such as visit count, videos recorded, and species observed, providing quantifiable data about backyard biodiversity.However, the system has a notable limitation in accurately counting visits. When a bird remains in front of the camera for extended periods, the AI may register multiple visits even if the bird hasn't moved significantly, affecting the accuracy of the visitation data.The Impact AnalysisThe Kiwibit Bird Feeder represents a significant advancement in smart wildlife observation, merging technology with nature appreciation. This device democratizes ornithology by making bird identification accessible to casual observers without requiring specialized knowledge. The integration of AI technology transforms passive bird feeding into an interactive, educational experience that encourages users to learn about local wildlife.Additionally, the device's ability to capture and share moments creates new opportunities for community engagement among nature enthusiasts, similar to how Pokémon GO transformed casual exploration into a social gaming experience.The PredictionAs AI technology continues to advance, we can expect future iterations of smart bird feeders to improve in accuracy and functionality. The current limitations in visit counting will likely be addressed through enhanced computer vision algorithms. Furthermore, we anticipate the integration of additional features such as automated food dispensing based on species recognition, weather-adaptive feeding schedules, and expanded social sharing capabilities.The success of devices like the Kiwibit Bird Feeder suggests a growing market for smart wildlife observation technology, potentially leading to more sophisticated backyard ecosystems that monitor and interact with various species beyond birds, creating comprehensive backyard biodiversity monitoring systems.
#Kiwibit #AI Bird Feeder #Smart Technology
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Tech May 29, 2026

UN Urges Global Action to Protect Children in Digital Spaces

The United Nations High Commissioner for Human Rights has called for urgent global action to protec…
The UN's Call for Digital Child ProtectionThe United Nations High Commissioner for Human Rights has called for urgent action to protect children online, demanding it be made a "priority."In a statement released on Friday, Volker Turk called for stronger action by governments and tech companies to make online platforms safer."Enhancing protection of children online is an urgent priority," he insisted.New Guidelines for Safer Digital EnvironmentsThe call comes amid a global push for greater accountability and oversight of social media platforms, with countries testing age-based bans and stricter regulations, and pressure growing on technology companies.Alongside the statement, the UN human rights office released a set of guidelines aimed at improving children's safety online and protecting their rights through stronger regulation.The measures include safeguards around age verification processes, mandatory child rights impact assessments, and involving children in shaping regulatory responses.Balancing Safety and Privacy Concerns"We need much wider action – by governments and companies – to ensure that the platforms themselves are made safer by design, that data is protected, that those responsible for harm can be held to account, and that children's rights and needs are fully respected throughout," Turk said."Whatever regulations are adopted, it is essential to avoid inadvertently causing further harms. For example, age verification done wrong can both fail at its goal and endanger the privacy of both kids and adults," he added.Turk added that regulations focused only on the age of users risk leaving unchanged the design choices and algorithmic practices that make platforms unsafe in the first place.Global Response: Age-Based RestrictionsRestrictions on children's access to social media have proliferated globally following Australia's adoption of legislation restricting access for children under 16 in December 2025.Indonesia and Malaysia have also introduced age-based restrictions, while across Europe, many countries are also considering limiting children's access to social media.Austria said in late March that it plans to ban social media for children under the age of 14, with draft legislation expected to be finalised by June. Denmark and France are also set to ban social media platforms for children under 15.Spain's prime minister announced in early February that the country plans to ban social media for children under 16, while the United Kingdom is weighing similar restrictions.Beyond Bans: The Need for Comprehensive RegulationHowever, some child safety experts say bans alone do not go far enough, calling instead for tighter regulation requiring technology companies to better moderate harmful content and platform design.Chris Sherwood, chief executive of Britain's National Society for the Prevention of Cruelty to Children, has previously called on governments to "ensure harmful content is blocked at the source" and for "platforms no longer using design tricks that keep teens hooked".
#United Nations #Volker Turk #Social Media
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Tech May 29, 2026

Chip Startup XCENA Raises $135M to Tackle AI's Memory Bottleneck

XCENA, a chip startup, has raised $135 million in a Series B round to develop a chip that brings co…
The Lead XCENA, a four-year-old chip startup with offices in South Korea and the U.S., has raised $135 million in a Series B round at a valuation of $570 million. The company aims to solve the structural bottleneck in AI infrastructure by designing a chip that places compute capabilities closer to DRAM. Revolutionizing AI Infrastructure with Memory-Centric Architecture Every time you ask ChatGPT a question, your request triggers a data relay race. Information leaves memory, passes through a CPU for preprocessing, travels to a GPU for heavy computation, and then makes its way back — and that entire journey repeats for every single word the AI generates. XCENA's chip, the MX1, connects to the CPU through CXL (Compute Express Link), processing data before it ever needs to leave the memory module. The Data Analysis XCENA's successful funding round reflects investor enthusiasm around the company's potential to significantly reduce AI infrastructure costs. The startup has designed a chip that brings compute capabilities much closer to DRAM, allowing routine data operations to be handled near memory, without the costly round trips between CPUs, GPUs, and memory. This approach could lead to substantial savings for hyperscalers spending tens of billions a year on AI infrastructure. The Impact Analysis The recent rise in memory prices and related stocks points to a broader shift in AI infrastructure toward memory-centric architectures. XCENA's thesis is that "inference isn't just a compute problem; it's increasingly a memory scaling problem." The company's chip aims to handle tasks directly within the memory module itself, reducing the need for multiple servers and cutting costs. The Prediction With mass production chips scheduled to roll off Samsung's foundry lines by the end of 2026, XCENA expects to generate revenue starting in 2027. The company's ideal customers are hyperscalers, and it is in early-stage conversations with several global memory vendors. XCENA's innovative approach and vertical integration could give it a competitive edge in the market.
#XCENA #AI #Chip Startup
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Tech May 29, 2026

Blue Origin's New Glenn Rocket Explodes During Florida Test

Blue Origin's New Glenn rocket exploded during a test in Florida, calling it an 'anomaly' while con…
The LeadBlue Origin's New Glenn rocket exploded during a test in Florida on Thursday, an incident which the aerospace company called an "anomaly." All personnel have been accounted for, and the company has promised to provide updates as they learn more about what caused the explosion.The Explosion DetailsA livestream posted by NSF, an aerospace news organization, captured the fiery plume of the explosion. Homes shook in nearby Cape Canaveral and Cocoa Beach around 9pm, with residents turning to social media to ask what happened. Cape Canaveral Space Force Station's Launch Complex 36 is visible from the beach, and the internet quickly filled with photos of the orange fireball. Emergency officials confirmed there was no threat due to fumes or other potential hazards.Recent Setbacks for Blue OriginThis explosion marks another setback for Blue Origin, which is owned by Amazon founder Jeff Bezos. The New Glenn rocket was already grounded in April, as the Federal Aviation Administration required Blue Origin to investigate an engine mishap. The FAA has not yet commented on whether Thursday's explosion will trigger another investigation.Industry Competition ImplicationsThe incident comes at a critical time for Blue Origin's space ambitions. Earlier this week, NASA announced it had chosen Blue Origin over Elon Musk's SpaceX to conduct the first of three uncrewed lunar missions this year to kickstart construction of a $20 billion moon base. Both companies are competing to provide crew landers for upcoming Artemis missions, including the planned 2028 return of humans to the moon on Artemis IV. Both companies have built large new facilities in or close to Cape Canaveral's Kennedy Space Center to support crewed and cargo missions in partnership with NASA.Future Outlook for Blue OriginDespite the explosion, Blue Origin's space ambitions remain significant. The company has a vested interest in space tourism, having sent an all-female, star-studded crew including Gayle King and Katy Perry into space last April. Elon Musk, whose SpaceX lost the NASA contract to Blue Origin, commented on the incident, writing "Most unfortunate. Rockets are hard." This latest explosion may delay Blue Origin's timeline but is unlikely to derail their long-term space exploration goals, though it may create opportunities for competitors like SpaceX to gain ground in the increasingly competitive private space race.
#Blue Origin #Jeff Bezos #New Glenn
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