Sunday, June 2, 2024

Unity co-founder David Helgason’s next act: Gaming the climate crisis

In an interview at his home near Reykjavík, the entrepreneur-turned-VC shared thoughts on his ventures and the journey that led him from Unity to climate tech, a homecoming of sorts.

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Saturday, June 1, 2024

President Biden vetoes crypto custody bill

President Joe Biden has vetoed H.J.Res. 109, a congressional resolution that would have overturned the Securities and Exchange Commission’s current approach to banks and crypto. Specifically, the resolution targeted the SEC’s Staff Accounting Bulletin 121, which presents rules around how banks can handle customers’ crypto assets — in effect, they must treat those assets as […]

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VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market

VCs are clamoring to invest in hot AI companies, willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to get into such deals at all. Yet, small, unknown investors, including family offices and high-net-worth individuals, have found their own way to get shares of the hottest […]

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Deal Dive: How (Re)vive grew 10x last year by helping retailers recycle and sell returned items

The fashion industry has a huge problem: Despite many returned items being unworn or undamaged, a lot, if not the majority, end up in the trash. An estimated 9.5 billion pounds of returns ended up in landfills in 2022 alone, according to data from return logistics software company Optoro. New York-based (Re)vive wants to help […]

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This Week in AI: Can we (and could we ever) trust OpenAI?

Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of recent stories in the world of machine learning, along with notable research and experiments we didn’t cover on their own. By the way, TechCrunch plans to launch an AI newsletter […]

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Friday, May 31, 2024

Hackers steal $305 million from DMM Bitcoin crypto exchange

Japanese crypto exchange DMM Bitcoin confirmed on Friday that it had been victim of a hack resulting in the theft of 4,502.9 bitcoin, or about $305 million.  According to crypto security firm Elliptic, this is the eighth largest crypto theft in history.  DMM Bitcoin said it detected “an unauthorized leak of Bitcoin (BTC) from our […]

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Disrupt 2024 early-bird prices end at midnight

This is not a drill! Today marks the final day to secure your early-bird tickets for TechCrunch Disrupt 2024 at a significantly reduced rate. At midnight tonight, May 31, ticket prices will increase, so act now to save up to $800 on admission to one of the most anticipated technology conferences of the year. Disrupt […]

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Feds tell Zoox to send more info about autonomous vehicles suddenly braking

U.S. federal regulators have requested more information from Zoox, Amazon’s self-driving unit, as part of an investigation into rear-end crash risks posed by unexpected braking. The National Highway Traffic Safety Administration (NHTSA) opened a preliminary investigation into Zoox on May 10 after it received two reports of Zoox vehicles unexpectedly braking, leading to rear-end collisions […]

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Canva’s rap battle is part of a long legacy of Silicon Valley cringe

You thought the hottest rap battle of the summer was between Kendrick Lamar and Drake. You were wrong. It’s between Canva and an enterprise CIO. At its Canva Create event last week, Canva unveiled its new enterprise offerings. But few people would be talking about that if not for an unexpected rap battle that took […]

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