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Many VC funds, especially recent vintages, have failed to return money to their investors. Swiss VC firm Redalpine is one exception, and this largely explains why its newly announced $200 million seventh early-stage fund was oversubscribed. Redalpine Capital VII, or RAC VII, is already well under way to back 15 to 20 European early-stage companies, […]
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Pavel Durov, the founder of the messaging platform Telegram, has been in the headlines since his arrest at a private airport near Paris on Saturday, reportedly in connection with an investigation into criminal activity on the his app. While many stories since have centered on free speech (i.e, should what happens on Telegram stay on […]
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Elon Musk has come out in support of California’s SB 1047, a bill that requires makers of very large AI models to create and document safeguards against those models causing serious harm. “This is a tough call and will make some people upset, but, all things considered, I think California should probably pass the SB […]
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OpenAI, Adobe, and Microsoft have thrown their support behind a California bill requiring tech companies to label AI-generated content, according to letters from the companies viewed by TechCrunch. The bill is headed for a final vote in August. AB 3211 requires watermarks in the metadata of AI-generated photos, videos and audio clips. Lots of AI […]
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After a nearly three-year interlude, Jared Isaacman is returning to space. The billionaire entrepreneur first went to orbit as part of the Inspiration4 mission, which made history for having a crew composed entirely of private citizens, not professional astronauts. But with this next mission, Polaris Dawn, he and mission partner SpaceX have set their sights […]
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Hello and welcome back to TechCrunch Space. NASA leadership have made their decision: Starliner will be coming back to Earth — empty. More on that below. Want to reach out with a tip? Email Aria at aria.techcrunch@gmail.com or send a message on Signal at 512-937-3988. You also can send a note to the whole TechCrunch […]
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The U.S. Federal Trade Commission (FTC) is requiring Care.com, a platform for gig workers in the elder-care and childcare space, to pay $8.5 million in refunds for deceiving caregivers who were looking for jobs, and making it difficult for families to cancel their paid memberships. The agency said on Monday that the company’s marketing messages […]
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Limited partners selling their investment stakes in venture capital funds to other LPs on the secondary market is nothing new. But traditionally these transactions happen offline through an opaque network of brokers that could charge costly fees and prove prohibitive for certain LPs to participate. Palico is looking to change that. Paris-based Palico quietly got […]
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Shared e-scooter startup Beam Mobility has placed hundreds of extra “phantom” scooters on city streets in Australia and New Zealand to avoid paying vehicle registration fees to local governments, according to a two-part report from The Australian. Cities place caps on the number of vehicles operators can deploy to avoid saturating streets and sidewalks with […]
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While the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams.
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This is a guide on how to check whether someone compromised your online accounts.
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Ride-hailing platform Uber has been fined €290 million — around $324 million at current exchanges rates — by the Netherlands’ privacy watchdog for breaching the European Union’s General Data Protection Regulation (GDPR). The penalty is related to transfers of personal data of drivers out of the European Union to the US, where Uber’s main business […]
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