As TikTok stares down an impending federal ban, Donald Trump’s win in the presidential election could be a lifeline. It’s a plot twist for the embattled, Chinese-owned social media company. During Trump’s last presidency, the president-elect had been the one to initiate the calls to ban TikTok, which only petered out because he didn’t win […]
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Monarch Tractor has laid off around 10% of its workforce as part of a restructuring that will see it prioritize non-agricultural customers, license its autonomous technology, and boost sales of its AI-powered farm management software, TechCrunch has learned. Around 35 employees were cut this week by the Livermore, California-based autonomous electric tractor startup that has […]
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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here! This week probably wasn’t the best one to make any type of big announcement. But when it comes to startups, there are quite a few contrarians, leaving us […]
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Jack Dorsey’s Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on Thursday. Block is also shutting down TBD, a Bitcoin-focused arm of the business that previously set out to build a decentralized internet, dubbed “Web5.” These cuts will free up the company […]
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The CEO of Canadian cryptocurrency firm, WonderFi, was kidnapped and held for ransom on Wednesday, according to CBC. Dean Skurka was reportedly shoved into a vehicle in downtown Toronto during rush hour, only to be released uninjured after electronically sending $1 million (presumably CAD) to his captors. The WonderFi CEO is the latest crypto celebrity […]
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Amazon is considering increasing its investment in OpenAI rival Anthropic. According to The Information, Amazon is in talks to invest multiple billions in Anthropic, its first financial pledge in the company since a $4 billion deal struck last year. The new investment is structured similar to the last one — but with a twist. Amazon […]
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AI wants to help us drive better, write better and diagnose diseases faster. Now imagine AI helping you be a better parent.
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Yelp, which made a name for itself giving restaurant recs, just bought an auto services website. In the company’s earnings report on Thursday, Yelp revealed that it agreed to buy RepairPal, a site for car repair estimates, for $80 million in cash. The acquisition is expected to close by the end of the year, subject […]
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An effort to bring a broader news ecosystem to the open social web, also known as the fediverse, is now in the hands of the social magazine app Flipboard. Press.coop, a service that created mirrored accounts of top news publishers (including Reuters, AP, WSJ, NYT, BBC, CNN, and even yours truly), has transferred its collection […]
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Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts estimates — as the EV startup struggled to resolve a component shortage that disrupted production of its recently overhauled flagship R1S and R1T vehicles. Last month, Rivian lowered its annual production guidance to 47,000 to 49,000 vehicles […]
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Solar energy is booming, which is good news for Glint Solar. The Norwegian software-as-a-service startup has built a platform that’s helping energy giants and large solar developers such as E.ON, Recurrent Energy, and Statkraft cut the time it takes to plan and pre-design solar installations to accelerate the transition to renewables. Glint’s software pulls in data […]
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The co-founders of Swedish caller identification app Truecaller are stepping back from day-to-day operations, marking the end of an era for one of Sweden’s most successful consumer technology companies as it pushes towards a goal of 1 billion users. Alan Mamedi and Nami Zarringhalam, who co-founded Truecaller in 2009, will hand over to Rishit Jhunjhunwala, […]
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Australian Prime Minister Anthony Albanese on Wednesday announced plans in the country to ban social media for children under 16, saying that “social media is doing harm to our kids, and I’m calling time on it.” The proposed legislation will enter parliament this year, taking effect a year after lawmakers ratify it, said Albanese, adding […]
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Following Donald Trump’s election victory, thousands of bettors anticipate a potential $450 million payout from online betting sites, says Reuters. As Trump’s odds surged on so-called prediction markets near the end of the race, platforms like Kalshi and Polymarket gained attention for diverging sharply from traditional polls, which suggested a much closer race. Talking with […]
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SpaceX will conduct the sixth flight test of Starship, the largest rocket ever built, as soon as November 18 following the smooth success of the previous mission less than a month ago. The high flight cadence is thanks, in part, to that success, which included the first-ever return of the Super Heavy booster to the […]
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