Ascend raises $25 million for pre-seed AI startups in the Pacific Northwest

Investing in artificial intelligence (AI) startups is the latest bandwagon VCs are piling onto. But as last year’s crypto experts quickly work to rebrand as AI experts, they’ll have to compete with the VCs who have been investing in the category all along. Seattle-based Ascend is one of them. Firm founder and solo GP Kirby […]

Ascend raises $25 million for pre-seed AI startups in the Pacific Northwest by Rebecca Szkutak originally published on TechCrunch

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We’re close to peak pessimism around fintech

Given what's happening, it's hard to summon the courage to argue that we are close to seeing fintech valuations bottoming out or even rebound.

We’re close to peak pessimism around fintech by Alex Wilhelm originally published on TechCrunch

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Liquidity Group, a debt financier for growth stages, raises another $40M and aims for Europe

Last year we covered how late-stage tech backer Liquidity Group had raised $775M for its fintech platform from Apollo (private equity) and MUFG (a Japanese bank). Liquidity is part tech platform and part lender, using its technology to make decisions on deploying debt facilities and other financial solutions from $5M to 100M relatively quickly compared […]

Liquidity Group, a debt financier for growth stages, raises another $40M and aims for Europe by Mike Butcher originally published on TechCrunch

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Former FTX CEO Sam Bankman-Fried seeks to dismiss most US charges against him

Former FTX CEO and founder Sam Bankman-Fried has filed a pretrial motion to dismiss 10 out of 13 charges against him, according to court documents. Bankman-Fried is under house arrest at his parent’s house in Palo Alto, California, ahead of his expected trial in October for charges including wire fraud, conspiracy to commit money laundering, […]

Former FTX CEO Sam Bankman-Fried seeks to dismiss most US charges against him by Jacquelyn Melinek originally published on TechCrunch

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Meta reworks its Ads on Reels monetization program with a new performance-based payout model

Meta is testing a new payout model for its Ads on Reels monetization program that pays creators based on the performance of their public Reels, not the earnings of ads on their Reels, the company announced on Tuesday. The tech giant also announced that it’s expanding the Ads on Reels monetization program on Facebook to […]

Meta reworks its Ads on Reels monetization program with a new performance-based payout model by Aisha Malik originally published on TechCrunch

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US authorities seize more domains linked to prolific DDoS-for-hire websites

U.S. authorities have seized 13 more domains linked to some of the world’s most popular DDoS-for-hire websites. These websites, also described as “booter” or “stressor” services, are marketed as legitimate security testing tools that allow admins to stress-test websites. In reality, the services are used for launching denial-of-service (DDoS) attacks designed to overwhelm websites and […]

US authorities seize more domains linked to prolific DDoS-for-hire websites by Carly Page originally published on TechCrunch

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Terraform Industries wants to solve climate change by making more hydrocarbons

Casey Handmer is not intimidated by very large quantities. Billions of acres. Thousands of gigawatts of solar power. A billion metric tons of carbon. His startup, Terraform Industries, aims to operate at these ambitious scales. The company wants to turn hydrogen and atmospheric carbon into synthetic natural gas at scale. It’s more than a little […] Terraform Industries wants to solve climate change by making more hydrocarbons by Aria Alamalhodaei originally published on TechCrunch
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Tesla’s new Texas lithium refinery to support 1M electric vehicles by 2025

Tesla officially broke ground Monday on a Texas lithium refinery, making it the only U.S. automaker to refine its own lithium. CEO Elon Musk said the refinery will produce enough battery grade lithium for 1 million electric vehicles by 2025, which would make Tesla the largest processor of lithium in North America. Tesla will continue […]

Tesla’s new Texas lithium refinery to support 1M electric vehicles by 2025 by Rebecca Bellan originally published on TechCrunch

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Shopify sells 6 River Systems to new owner

Shopify last week announced that it would be the latest big tech firm to undergo mass layoffs. The company is cutting 20% of its 11,600-person staff. The news arrived during earnings that beat Wall Street expectations, shooting its stock price up as a result. Also included in the announcement was news that the Canadian e-commerce […]

Shopify sells 6 River Systems to new owner by Brian Heater originally published on TechCrunch

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Max Q: A lawsuit? Over Starship? I’m shocked

In this issue: Environmentalists sue over Starship; Nuview's plan to make a 3D map of the world; News from Maxar, and more

Max Q: A lawsuit? Over Starship? I’m shocked by Aria Alamalhodaei originally published on TechCrunch

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Elon Musk teases free Tesla FSD trial in North America

Tesla CEO Elon Musk has laid out a rough plan for expanding access to Full Self-Driving (FSD), the company’s advanced driver assistance system (ADAS), throughout North America and the rest of the world. “Once FSD is super smooth (not just safe), we will roll out a free month trial for all cars in North America,” […]

Elon Musk teases free Tesla FSD trial in North America by Rebecca Bellan originally published on TechCrunch

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Daily Crunch: In its second markdown in 4 months, Invesco slashes Swiggy’s valuation to $5.5B

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: In its second markdown in 4 months, Invesco slashes Swiggy’s valuation to $5.5B by Christine Hall originally published on TechCrunch

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Antimetal is putting AI to work to root out cloud cost inefficiencies

One constant theme we’ve been hearing from the big cloud infrastructure vendors this year is helping customers increase the efficiency of their cloud spend. Cloud bills have grown enormously as companies move more workloads. Combine that with a high level of economic anxiety, and a pronounced switch from a growth to efficiency mindset, and customers […]

Antimetal is putting AI to work to root out cloud cost inefficiencies by Ron Miller originally published on TechCrunch

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Are you spending too much on paid acquisition?

Let's examine when to start measuring diminishing returns and how to use a simple regression analysis to find optimal spending leve

Are you spending too much on paid acquisition? by Walter Thompson originally published on TechCrunch

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How to find the right investors for your startup

This first part of a three-part series explores understanding the investment thesis you fit into and identifying the right investors for your startup.

How to find the right investors for your startup by Haje Jan Kamps originally published on TechCrunch

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