A dearth of funding for vital open source technologies is leading to a swath of support from startups, unicorns, corporations, and even venture capital firms. Last year, Bloomberg launched its FOSS (free and open source software) fund, committing up to $90,000 per year to various projects. And in October, Indian financial services company Zerodha launched […]
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Bankrupt cryptocurrency company FTX filed 23 lawsuits Friday against Anthony Scaramucci (pictured above), his hedge fund SkyBridge Capital, and other organizations including Crypto.com and the Mark Zuckerberg-backed lobbying group Fwd.us. These lawsuits are an attempt to claw back money for FTX’s creditors following the company’s collapse. FTX claims that the money targeted in these suits […]
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OpenAI’s next flagship model might not represent as big a leap forward as its predecessors, according to a new report in The Information. Employees who tested the new model, code-named Orion, reportedly found that even though its performance exceeds OpenAI’s existing models, there was less improvement than they’d seen in the jump from GPT-3 to […]
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Welcome back to Week in Review. This week, we’re unpacking the latest layoffs at Mozilla, Perplexity offering to cross a picket line, and Apple warning investors that it might never top the iPhone. Let’s get into it. The Mozilla Foundation laid off 30% of its employees in the second round of layoffs for the Firefox […]
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Roughly 19 months after the fatal stabbing of tech exec Bob Lee in San Francisco attracted the nation’s attention, the trial of the man accused of killing him, tech entrepreneur and consultant Nima Momeni, will soon enter its next phrase. It should be riveting, if the prosecution’s newly wrapped case against Momeni is any indication. […]
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Another one of OpenAI’s lead safety researchers, Lilian Weng, announced on Friday she is departing the startup. Weng served as VP of research and safety since August, and before that, was the head of the OpenAI’s safety systems team. In a post on X, Weng said that “after 7 years at OpenAI, I feel ready […]
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Cybersecurity continues to command a lot of attention from enterprises looking for better protection from malicious hackers, and VCs want in on the action. In the latest example, TechCrunch has learned and confirmed that Upwind — a specialist in assessing and securing cloud infrastructure — is closing in on a $100 million round at a […]
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Now that the election is over, the dissection can begin. As this is the first election in which AI chatbots played a significant part of voters’ information diets, even approximate numbers are interesting to think about. For instance, OpenAI has stated that it told around 2 million users of ChatGPT to go look somewhere else. […]
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When Skydio, a young maker of drones in San Mateo, California, sent a customer proposal in 2023 to the Las Vegas Metropolitan Police Department, its chief of staff, Mike Gennaro, forwarded the email to VC Ben Horowitz. “Which deployment are you looking to do?” Horowitz wrote back. “Whatever you want, Ben,” Gennaro replied, according to […]
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There isn’t a shortage of AI-powered coding assistance startups. They include Augment, Codeium, Magic, and Poolside. However, Cursor has become one of the most popular. Its developer, Anysphere, has seen its revenue grow from $4 million annualized recurring revenue (ARR) in April to $4 million a month as of last month, according to a person […]
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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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