Byte Federal, one of the largest Bitcoin ATM operators in the U.S., said the personal data of thousands of customers may have been compromised during a recent breach. In a filing with Maine’s attorney general, Florida-based Byte Federal said hackers tried to access the data of 58,000 customers, including names, addresses, phone numbers, government-issued IDs, […]
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Anybotics has closed its Series B round at $110 million, some 18 months after announcing it had raised a $50 million Series B.
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Upvest might not be a familiar name if you don’t pay close attention to the fintech industry, but chances are you’ve already interacted with the company’s products. Founded by Martin Kassing (pictured above), the Berlin-based startup builds a white-label investment platform that is used by some of the biggest fintech companies in Europe. Upvest clients […]
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Laam, a curated online fashion marketplace based in Pakistan, has raised $5.5 million in a seed round to take South Asian fashion to the world.
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OpenAI says ChatGPT, Sora, and its developer-facing API are experiencing a major outage, according to the company’s status page. The company says it’s identified a pathway to recovery and is working on a fix as of 4:55pm PT Wednesday evening, but the service is still down as of the time of writing. The services have […]
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SolarSquare has raised $40 million in what is the largest venture round in India’s solar sector. The Mumbai-based startup bootstrapped and was profitable selling to corporate customers for five years before switching to residential solar in 2021. Now it has scaled to powering over 20,000 homes and 200 housing societies across India, and is India’s […]
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GM’s decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company’s minority investors. Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GM’s actions, according to a regulatory filing. Microsoft said the charge will be […]
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University endowments could be taxed much higher under Trump. That may harm VCs, an investor warns.
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Hyundai’s electric vertical takeoff and landing startup Supernal is shifting its global headquarters from Washington, D.C. to Irvine, California and asking around three dozen of workers to relocate, TechCrunch has learned. The company told TechCrunch about 5% of its total workforce — roughly 35 to 40 people — are being asked to relocate to California. […]
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OpenAI has never revealed exactly which data it used to train Sora, its video-generating AI. But from the looks of it, at least some of the data might’ve come from Twitch streams and walkthroughs of games. Sora launched on Monday, and I’ve been playing around with it for a bit (to the extent the capacity […]
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Apple is working with semiconductor company Broadcom on its first server chip designed to handle AI applications, according to The Information, which cited three people with knowledge of the project. Apple is known for designing its own chips – called Apple Silicon and primarily manufactured by TSMC – for its devices. But those chips weren’t […]
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Linux Foundation has launched its India entity to boost open-source contributions from the South Asian nation, the second largest developer base after the U.S.
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Lumen Orbit, a startup looking to build data centers in space, was able to close its recent seed round in mere days amid intense investor interest. The Redmond, Washington-based company closed on a $11 million seed round at a $40 million valuation, confirming prior TechCrunch reporting that the company had raised a competitive double-digit round […]
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Peak XV and HongShan, the Indian and Chinese investment firms that split from powerhouse Sequoia last year, have co-led a $10 million seed investment in KAST, a dollar-denominated neobank-like platform that lets customers hold and spend stablecoins through traditional payment avenues. Kast also issues credit cards that work with standard merchant networks, enabling users to […]
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Andrew Ferguson, one of two Republican FTC commissioners appointed by U.S. President Joe Biden, will be the country’s next FTC chair, incoming president Donald Trump Tuesday on social media. The news is being met with relief in some circles. Current FTC Chair Lina Khan was blamed by many in Silicon Valley for a dearth of […]
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