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The state of California opened its largest office complex on Wednesday, a $1.03 billion, 1.25 million-square-foot group of buildings on Richards Boulevard in Sacramento.
The May S. Lee State Office Complex will serve as a workplace for more than 5,000 state workers, including employees of the Department of Tax and Fee Administration, the Department of Health Care Access and Information, the Department of Housing and Community Development, the state’s Civil Rights Department, the Department of Financial Protection and Innovation, the Department of Real Estate and the state Commission on Teacher Credentialing.
Built to a high level of sustainability, the complex features 90 EV charging stations and the largest all-electric kitchen in the country, according to California Department of General Services.
The complex is named after May S. Lee, the state’s longest serving worker, who died last year at age 102. She worked for 79 years for the state of California.
EV maker Lucid reported mixed first quarter results as a wider-than-expected loss trumped the company's confirmation that its Gravity SUV is still on track for a 2024 debut.
Many Americans might disagree, but the one-percenters at the Milken Institute's annual financial conference think the US economy is trouncing everybody else's.
OpenAI says that it's developing a tool to let creators better control how their content is used in generative AI. Called Media Manager, the tool -- once it's released -- will allow creators and content owners to identify their works to OpenAI and specify how they want those works to be included or excluded from AI research and training. The goal is to have the tool in place by 2025, OpenAI says, as the company works with creators, content owners and regulators toward a common standard.
Wiz, the buzzy startup building an all-in-one cloud security platform, is on an acquisition march to expand its business quickly en route to an IPO. The Series E -- co-led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive -- values Wiz at $12 billion, making it one of the most highly valued startups in cybersecurity today. It's a notable step up from the last time Wiz raised, in February 2023, when it closed a $300 million round at $10.3 billion post-money.
The latest version of Final Cut Pro introduces a new feature to speed up your shoot: Live Multicam. It's a bold move from Apple, transforming your iPad into a multicam production studio, enabling creatives to connect and preview up to four cameras all at once, al in one place. Final Cut Pro automatically transfers and syncs each Live Multicam angle so you can seamlessly move from production to editing.
Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch exclusively. The additional features puts the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for years been fighting for market share in an increasingly crowded space. The fintech, which has been offering banking services to startups and other businesses since 2019, is first expanding by offering accounting automation and more sophisticated bill pay features with new software that will be integrated with its bank accounts, executives have told TechCrunch exclusively.
In 2017, Vinod Khosla told CNBC that the job "of the radiologist will be obsolete in five years." While the founder of Khosla Ventures later revised that timeline to as long as 15 years, he maintained that AI image recognition could soon diagnose disease on scans better than human doctors. Seven years later, radiologists are still required to interpret most scans (even if AI software helps them); the more immediate challenge is the shortage of these doctors in the United States and around the world.
Thomas Li was working at Point72, the hedge fund founded by notorious investor Steve Cohen, when he realized that the financial industry relies heavily on manual data entry processes that could be prone to errors. "As a buy-side analyst, I felt the pain of manually sourcing and entering data to build and update financial models," Li told TechCrunch. After meeting Jeremy Huang, a former software engineer at Airbnb and Meta, and Daniel Chen, an ex-Microsoft engineer, through New York University connections (all three are all alums), Li decided to try his hand at an automated solution to the data entry challenges.
India's Election Commission has issued an advisory to all political parties, urging them to refrain from using deepfakes and other forms of misinformation in their social media posts during the country's ongoing general elections. The move comes after the constitutional body faced criticism for not doing enough to combat such campaigns in the world's most populous nation. The advisory, released on Monday (PDF), requires political parties to remove any deepfake audio or video within three hours of becoming aware of its existence.
New rules from the Treasury Department will make it harder for vehicles to qualify for the federal EV tax credit, though the automakers were also granted a reprieve.