OpenAI and Google lay out their competing AI visions

Welcome back to TechCrunch’s Week in Review. This week had two major events from OpenAI and Google. OpenAI’s spring update event saw the reveal of its new model, GPT-4o, which has voice and vision capabilities that can turn ChatGPT into a virtual assistant seemingly aspiring to be “Her.” Hot off OpenAI’s tail, Google’s I/O conference … Read more

A US Trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’

The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after a United States Trustee filed an emergency motion on Wednesday.  The trustee is asking to convert the company’s debt reorganization Chapter 11 bankruptcy into a liquidation Chapter 7, according to court documents. The trustee wrote that the need for … Read more

Temu accused of breaching EU’s DSA in bundle of consumer complaints

Consumer protection groups around the European Union have filed coordinated complaints against Temu, accusing the Chinese-owned ultra low-cost e-commerce platform of a raft of breaches related to the bloc’s Digital Services Act (DSA). Temu only launched in the region about a year ago but recently reported blasting past 75 million monthly users. Penalties for confirmed … Read more