Why AI will eat McKinsey’s lunch — but not today

Navin Chaddha, managing director of the 55-year-old Silicon Valley venture firm Mayfield, is betting big on AI’s ability to transform people-heavy industries like consulting, law, and accounting. The veteran investor, whose wins include Lyft, Poshmark, and HashiCorp, recently discussed at TechCrunch’s StrictlyVC evening in Menlo Park why he believes “AI teammates” can create software-like margins … Read more

Trump says he’s found a buyer for TikTok

A group of “very wealthy people” is set to buy short-form video app TikTok, according to President Donald Trump. “We have a buyer for TikTok, by the way,” Trump said in a Fox News interview on Sunday morning. “I think I’ll need probably China’s approval. I think President Xi [Jinping] will probably do it.” Trump … Read more

Vitalik Buterin has reservations about Sam Altman’s World project

Ethereum co-founder Vitalik Buterin is arguing that the digital identification approach being promoted by Sam Altman’s World project has real privacy risks. Previously known as Worldcoin, World was created under Altman and Alex Blania’s Tools for Humanity. The organization says it can help distinguish between AI agents and human beings by scanning users’ eyeballs and … Read more

Week in Review:  Meta’s AI recruiting blitz

Welcome back to Week in Review! Lots of news for you this week — Travis Kalanick is possibly returning to the world of self-driving vehicles, CoreWeave’s CEO is now worth $10 billion, Apple users aren’t happy with how the company is promoting its new “F1” movie, and much more.  Quick note that we will be … Read more

Meta reportedly hires four more researchers from OpenAI

Looks like Meta isn’t done poaching talent from OpenAI. Earlier this week, TechCrunch reported that Meta had hired influential OpenAI researcher Trapit Bansal, and according to The Wall Street Journal, it also hired three other researchers from the company. Now The Information is reporting four more Meta hires from OpenAI: Researchers Shengjia Zhao, Jiahui Yu, … Read more

Authors call on publishers to limit their use of AI

An open letter from authors including Lauren Groff, Lev Grossman, R.F. Kuang, Dennis Lehane, and Geoffrey Maguire calls on book publishers to pledge to limit their use of AI tools, for example by committing to only hire human audiobook narrators. The letter argues that authors’ work has been “stolen” by AI companies: “Rather than paying … Read more

FBI, cybersecurity firms say a prolific hacking crew is now targeting airlines and the transportation sector

The FBI and cybersecurity firms are warning that the prolific hacking group known as Scattered Spider is now targeting airlines and the transportation sector. In a brief statement on Friday shared with TechCrunch, the FBI said it had “recently observed” cyberattacks resembling Scattered Spider to include the airline sector. Executives from Google’s cybersecurity unit Mandiant … Read more