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For more than a decade, State Street operated joint ventures that allowed the financial-services firm to offload some IT and back-office tasks to outsourcing partners like Atos and HCLTech in India. But in 2023, State Street pivoted, and over the course of several months, the company brought those operations in house. “It was a big … Read more
In this photo illustration, the logo of Xiaomi’s XRing O1 chipset is seen on May 19, 2025 in Beijing, China. Xiaomi CEO Lei Jun announced on the evening of May 15 that the company’s self-developed smartphone SoC, XRING 01, will be officially launched in late May. Vcg | Visual China Group | Getty Images Chinese … Read more
On Thursday, Windsurf, a startup that develops popular AI tools for software engineers, announced the launch of its first family of AI software engineering models, or SWE-1 for short. The startup says it trained its new family of AI models — SWE-1, SWE-1-lite, and SWE-1-mini — to be optimized for the “entire software engineering process,” … Read more
Snapchat is introducing its first-ever video generative AI Lenses, the company told TechCrunch exclusively. The Lenses are powered by Snap’s in-house-built generative video model. The three new AI Video Lenses are available to users on the app’s premium subscription tier, Snapchat Platinum, which costs $15.99 per month. The launch comes as Snap unveiled an AI video-generation … Read more
Meta is reportedly testing an in-house chip for training AI systems, a part of a strategy to reduce its reliance on hardware makers like Nvidia. According to Reuters, Meta’s chip, which is designed to handle AI-specific workloads, was manufactured in partnership with Taiwan-based firm TSMC. The company is piloting a “small deployment” of the chip … Read more
Microsoft Chief Executicve (CEO) Satya Nadella takes part in the Partnership for Global Infrastructure and Investment Event during the G7 Summit at the Borgo Egnazia resort in Savelletri, Italy, on June 13, 2024. Photo by MANDEL NGAN/AFP via Getty Images
Figure AI, a robotics company working to bring a general-purpose humanoid robot into commercial and residential use, announced Tuesday on X that it is exiting a deal with OpenAI. The Bay Area-based outfit has instead opted to focus on in-house AI owing to a “major breakthrough.” In conversation with TechCrunch afterward, founder and CEO Brett Adcock … Read more
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