The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme — one that lured investors […]
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Dawn Aerospace Mk-II is essentially "an aircraft with the performance of a rocket, not a rocket with wings."
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There’s a fascinating look by John Herrman over at NYMag today at one of the big proposed uses of AI: summarizing content. We all need things summarized, right? Everybody’s too busy and overloaded with information. At least that’s what every tech company doing AI seems to be settling on. The problem is the summaries that […]
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Waymo plans to start testing its fully autonomous vehicles with no human safety driver on freeways in the San Francisco Bay Area this week. Its employees will be the first guinea pigs. For those who didn’t already know, Waymo got the approval from California regulators to charge for autonomous rides on the freeway back in […]
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Google Pixel 8 devices made in India start rolling off the production lines just ahead of the Pixel 9 launch.
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If you’re looking to buy or sell a used Peloton bike, a startup called Trade My Spin could be the solution. In theory, you don’t need a whole separate marketplace to do this. And yes, you can definitely buy or sell a bike on Facebook or Craigslist already. But Trade My Spin’s CEO Ari Kimmelfeld […]
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Apple has threatened to remove crowdfunding app Patreon from the App Store if creators continue to use unsupported third-party billing options or disable transactions on iOS, instead of using Apple’s own in-app purchasing system. In a blog post and email to Patreon creators about upcoming changes to membership in the iOS app, the company says […]
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Here is a look back at the top security research from the annual hacker conferences, Black Hat and Def Con 2024.
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Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually. A report by Airwallex forecasts that the value of cross-border payments will grow by 60%, reaching $250 trillion by 2027. Between 2018 and 2022, the value […]
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BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel among other assets, said it would purchase a 24.5% stake currently owned by Altice. Based on […]
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X, the social media platform owned by Elon Musk, has been targeted with a series of privacy complaints after it helped itself to the data of users in the European Union for training AI models without asking people’s consent. Late last month an eagle-eyed social media user spotted a setting indicating that X had quietly […]
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Kazam, an Indian EV charging solution provider, has raised $8 million to expand its footprint in the country and enter Southeast Asian markets.
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Autonomy founder Scott Painter is spinning out a new company called Autonomy Data Services, or ADS, he tells TechCrunch in an exclusive interview.
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Heavy equipment manufacturer CNH Industrial has a long history of mergers and acquisitions, at times supervising legendary brands like Ferrari. But five years ago, as agtech was booming, the global giant was struggling to tap into the startup scene. The conglomerate turned to one of its longest-tenured executives, a swashbuckling Italian businessman named Michele Lombardi. […]
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