Tuesday, January 21, 2025

Trump pardons Silk Road creator Ross Ulbricht

President Trump on Tuesday pardoned Ross Ulbricht, the creator of the infamous dark web exchange Silk Road, which was best known as a once-thriving online marketplace for illegal drugs. Trump announced the news in a Truth Social post, saying the pardon was in honor of Ulbricht’s mother and the Libertarian movement. In 2015, a federal […]

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Meta COO Sheryl Sandberg sanctioned by judge for allegedly deleting emails

A Delaware judge has sanctioned Sheryl Sandberg, Meta’s former COO and board member, for allegedly deleting emails related to the Cambridge Analytica privacy scandal. The decision arises from a case Meta shareholders brought against Sandberg and another former Meta board member, Jeff Zients, late last year. The plaintiffs alleged that Sandberg and Zients used personal […]

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Microsoft is no longer OpenAI’s exclusive cloud provider

Microsoft was once the exclusive provider of data center infrastructure for OpenAI to train and run its AI models. No longer. As part of Stargate, the company’s massive new infrastructure deal with SoftBank, Oracle, and others, Microsoft says that it has signed a new agreement with OpenAI that gives it “first right of refusal” on […]

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OpenAI teams up with SoftBank and Oracle on $500B data center project

OpenAI says that it will team up with Japanese conglomerate SoftBank and with Oracle, along with others, to build multiple data centers for AI in the U.S. The joint venture, called The Stargate Project, will begin with a large data center project in Texas and eventually expand to other states. The companies expect to commit $100 […]

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Funding to fintechs continues to decline, but at a slower pace

Welcome to TechCrunch Fintech!  This week, we’re looking at just how much fintech startups raised in 2024, a slew of fundraising deals, Plaid’s reported revenue growth last year, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The […]

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Stripe is laying off 300 people, but says it still plans to hire in 2025

Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at […]

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Forum software NodeBB joins the fediverse

Before there was social media, there were internet forums. Millions of forum sites continue to operate, which is why it’s notable that one top forum software provider, NodeBB, is now joining the fediverse, also known as the open social web. The fediverse today includes apps like decentralized X rival Mastodon, Instagram alternative Pixelfed, an open […]

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Samsung Unpacked 2025: Here’s how to watch and what we expect

The biggest reveal from last week’s Samsung CES press conference may well have been another press conference. The hardware giant closed out the main event by teasing the company’s upcoming show. The next Samsung Unpacked event is set for Wednesday at 10 a.m. PT. As with all recent Unpacked events, next week’s big show will […]

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Meta will soon let you link your WhatsApp account with Instagram and Facebook

Meta announced on Tuesday that users will soon be able to add their WhatsApp account to their Accounts Center, a hub where users can manage connected experiences across their Facebook, Instagram, and Meta Quest accounts. With this integration, users will be able to cross-post their WhatsApp Status as Stories on Instagram and Facebook, getting rid […]

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IMDb founder steps down as CEO after 35 years

IMDb, the Amazon-owned online database that provides information on movies, TV shows, and celebrities, announced on Tuesday that its founder, Col Needham, is stepping down as CEO. Nikki Santoro, who has served as the Chief Operating Officer since 2021, has been appointed as his successor. Santoro’s appointment is significant, as she is the first woman […]

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Monday, January 20, 2025

Karmen secures $9.4 million for its revenue-based financing products

French startup Karmen has secured a small funding round so that it can improve its instant financing products. The company offers short-term loans to small companies facing a working capital crunch. It’s a €9 million equity-and-debt round ($9.4 million at today’s exchange rates) with Seventure Partners buying a stake in the small startup. Financière Arbevel […]

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