Expense management startup Ramp is being considered for a charge card pilot program by the U.S. government’s General Services Administration, the company confirmed to TechCrunch on Thursday. The government’s internal expense card program, dubbed SmartPay, is a $700 billion program. It is estimated that the charge card pilot program contract for which Ramp is being […]
Tech Crunch
OpenAI launches Flex processing for cheaper, slower AI tasks
In a bid to more aggressively compete with rival AI companies like Google, OpenAI is launching Flex processing, an API option that provides lower AI model usage prices in exchange for slower response times and “occasional resource unavailability.” Flex processing, which is available in beta for OpenAI’s recently released o3 and o4-mini reasoning models, is […]
Carbon removal startup Holocene bought by oil and gas giant Occidental
The deal was executed through Oxy Low Carbon Ventures for an undisclosed amount.
As the trade war escalates, Hence launches an AI ‘advisor’ to help companies manage risk
President Donald Trump’s tariffs have underscored the increasing geopolitical risk that almost all businesses now face. As the situation continues to shift with Trump’s unpredictable deal-making, it’s also becoming clear how challenging it is for companies, nonprofits, consultants, and lawyers to keep up with the rapid day-to-day changes. “We are drowning in trade updates every […]
Former Y Combinator president Geoff Ralston launches new AI ‘safety’ fund
Geoff Ralston, known for his years at Y Combinator, has a new AI VC fund called SAIF. It is seeking AI startups focused on safety.
Google’s latest AI model report lacks key safety details, experts say
On Thursday, weeks after launching its most powerful AI model yet, Gemini 2.5 Pro, Google published a technical report showing the results of its internal safety evaluations. However, the report is light on the details, experts say, making it difficult to determine which risks the model might pose. Technical reports provide useful — and unflattering, […]
AI benchmarking platform Chatbot Arena forms a new company
Chatbot Arena, the crowdsourced benchmarking project major AI labs rely on to test and market their AI models, is forming a company called Arena Intelligence Inc., reports Bloomberg. In a blog post published Thursday, Chatbot Arena said that the company will “give [it] the resources to improve [its platform] significantly over what it is today.” […]
Florida draft law mandating encryption backdoors for social media accounts billed ‘dangerous and dumb’
A digital rights group blasted the Florida bill, but lawmakers voted to advanced the draft law.
Instagram’s new Blend feature creates a custom reels feed for you and your friends
Instagram on Thursday announced that it’s rolling out Blend, a new feature that lets you create a custom, personalized reels feed for you and your friends. Blends are invite-only and can be created with a singular friend or with a group chat. The custom feeds are refreshed with new content each day. The launch doesn’t […]
OpenAI’s Stargate project sets its sights on international expansion
Stargate, a $500 billion project headed up by OpenAI, Oracle, and SoftBank to build AI data centers and other AI infrastructure in the U.S., is considering investments in the U.K. and elsewhere overseas, according to a Financial Times report. While Stargate was initially launched as a way to boost U.S. AI infrastructure, the project is […]