Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, cofounded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors […]
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One of the tech industry’s biggest hype men, Salesforce CEO Marc Benioff, is psyched about AI, but points out that it hasn't cured cancer.
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Google CEO Sundar Pichai announced on Thursday that Prabhakar Raghavan, the executive in charge of the company’s search engine and ads products, is leaving his role. Longtime Google executive Nick Fox will replace Raghavan, who will now take on the role of chief technologist. “Prabhakar has decided it’s time to make a big leap in […]
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Eric Council Jr. and unnamed co-conspirators were allegedly behind the hack of the official @SECGov account on X.
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A roundup of the year's billion-dollar take-private deals in the technology sector.
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Time is ticking! We’re less than two weeks until the doors to TechCrunch Disrupt 2024 open. To ensure no one misses this highly anticipated event, we’re offering Expo+ 2-for-1 passes for the final days leading up to Disrupt 2024. Bring a friend, colleague, or family member to Moscone West in San Francisco from October 28-30. […]
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Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick commerce startup looks to rope in more domestic investors, sources familiar with the talks told TechCrunch. The Mumbai-headquartered startup, which allows customers in multiple Indian cities order grocery, office […]
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According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently centered on a proposed valuation […]
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Multiple teams at Meta were hit by layoffs on Wednesday, the company confirmed in a statement to TechCrunch, noting these changes were made to reallocate resources within the company. “Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy,” said a Meta spokesperson […]
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Are today’s AI models truly remembering, thinking, planning, and reasoning, just like a human brain would? Some AI labs would have you believe they are, but according to Meta’s chief AI scientist Yann LeCun, the answer is no. He thinks we could get there in a decade or so, however, by pursuing a new method […]
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Multiple teams at Meta were hit by layoffs on Wednesday, the company confirmed in a statement to TechCrunch, noting these changes were made to reallocate resources within the company. The layoffs appear to have hit employees working on Threads, recruiting, legal operations, and design, among other teams, according to social media posts announcing the layoffs […]
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Back in 2011, the world held its breath after the Fukushima Daiichi nuclear plant in Japan suffered a failure of its cooling systems, in the wake of the country getting hit by a 9.0 magnitude earthquake and tsunami. The worry was not unfounded: the resulting meltdown — which spread highly radioactive material in multiple directions […]
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Apple worked with a Chinese automaker for years to design a battery system for its now-canceled car project. That’s according to Bloomberg, which reports that Apple was collaborating with BYD Co., a Shenzhen-based car company, to develop batteries using lithium iron phosphate (LFP) cells. Apple contributed engineering expertise, specifically in areas like heat management and […]
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Who among us (and by “us” I mean elder millennials) does not remember the glory days of Goldeneye deathmatches after school? It’s one experience that has been difficult to reproduce despite the march of technology — but retro gaming hardware outfit Analogue’s latest, a ground-up recreation of the N64 called the 3D, will likely be […]
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Wildfires aren’t going away, but our ability to detect and track them — and maybe catch them early enough to prevent serious damage — is getting better. OroraTech is taking a space-based approach to “wildfire intelligence,” and just raised $25 million to grow its market and cover more of the Earth. The German startup currently […]
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