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Stephen Wolfram thinks we need philosophers working on big questions around AI
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Monday, August 26, 2024
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Sunday, August 25, 2024
Loft Orbital forms joint venture with UAE-based firm to scale satellite production in the Middle East
A holding company affiliated with an Emirati royal family is injecting a new joint venture between Abu Dhabi-based Marlan Space and startup Loft Orbital with over $100 million to grow the region’s domestic satellite manufacturing capabilities. The joint venture, called Orbitworks, will be the first commercial firm in the United Arab Emirates to mass manufacture […]
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In 2024, it really is better to run a startup in San Francisco, according to data and founders who’ve relocated
San Francisco’s AI startup boom is so big, even international founders who don’t run AI startups are relocating there to help their companies grow, according to several founders who recently moved. This is largely because the tech talent and investor money is still overwhelmingly concentrated there, according to new data that VC firm SignalFire exclusively […]
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Y Combinator backs its first defense startup, Ares Industries
Y Combinator’s first defense startup, Ares Industries, launched earlier this week. In a post on the YC website, the startup outlined a vision to build low-cost cruise missiles that will be compatible with existing launch platforms, saying it will “deliver the capabilities that the [Department of Defense] wants in a form factor that’s 10x smaller […]
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Telegram founder Pavel Durov arrested in France
Pavel Durov, founder and CEO of messaging app Telegram, was arrested on Saturday evening while leaving his private jet at France’s Le Bourget airport, as initially reported by French television network TF1. Durov’s arrest sparked widespread discussion and speculation on social media, including on Telegram itself, though news reports have been largely based on unnamed […]
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The Port of Seattle and Sea-Tac Airport say they’ve been hit by ‘possible cyberattack’
The Port of Seattle, which also operates the Seattle-Tacoma International Airport, said it was hit with a “possible cyberattack” that appeared to affect websites and phone systems. The port first noted the outages via social media on Saturday morning, with the airport then posting that it had “experienced certain system outages indicating a possible cyberattack.” […]
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The top AI deals in Europe this year
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Saturday, August 24, 2024
TPG nears $150M funding in India’s Eruditus at $2.3B valuation
Eruditus, an Indian edtech startup, is in advanced stages of talks to secure about $150 million in new funding, two sources familiar with the matter told TechCrunch, in what would be the largest fundraise by an Indian education firm in years. TPG, a major private equity player, is discussing to lead the investment round, the […]
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Telegram founder Pavel Durov reportedly arrested in France
Pavel Durov, founder and CEO of messaging app Telegram, was arrested on Saturday evening while leaving his private jet at France’s Bourget airport, according to French television network TF1. Neither Telegram nor a spokesperson for France’s national anti-fraud office ONAF immediately responded to a request for comment. According to TF1, Durov faced a warrant in […]
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Apple reportedly announcing iPhone 16 lineup and more on Sept. 10
Apple will be unveiling new products on September 10, with the announced phones going on sale on September 20, according to a report from Bloomberg’s Mark Gurman. That lineup will reportedly include the iPhone 16, with larger screens on the Pro models and a new button just for taking pictures. The phones should also support […]
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The fallout after Bolt’s aggressive fundraising attempt has been wild
After fintech Bolt surprised the industry with a leaked term sheet that revealed it is trying to raise at a $14 billion valuation, things got weird.
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Starliner will return to Earth uncrewed, astronauts staying on ISS until February
Boeing’s Starliner mission is coming back to Earth — empty. After months of data analysis and internal deliberation, NASA leadership announced today that Starliner will be coming back to Earth in September, without a crew. Meanwhile, astronauts Butch Wilmore and Sunita Williams will remain on-board the International Space Station until February, when they will return […]
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Google just made a $250M deal with California to support journalism — here’s what it means
This week, Google joined a $250 million deal with the state of California to support California newsrooms. While the deal offers a much-needed cash infusion for an industry that’s seen crippling layoffs this year, the deal’s been criticized by some as a half-measure — and a cop-out. By agreeing to this deal, Google averts bills […]
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X shareholders as of June 2023 included funds tied to Bill Ackman, Binance, and Sean ‘Diddy’ Combs
A court order recently forced Elon Musk’s X to reveal its full list of shareholders, as of June 2023, to the public. Many of the recognizable tech industry names had already been reported as backers of Musk’s effort to buy the social media company then known as Twitter and take it private, inculding VC firms […]
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VCs are so eager for AI startups, they’re buying into each others’ SPVs at high prices
VCs are increasingly buying shares of late-stage startups on the secondary market as they try to get pieces of the hottest ones — especially AI companies. But they are also increasingly doing so through financial instruments called special purpose vehicles (SVPs). Some of those SPVs are becoming such hot commodities that they are commanding premium […]
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