More startups shut down in 2024 than the year prior and a high volume of startup failures will continue, data from multiple sources.
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Sunday, January 26, 2025
Saturday, January 25, 2025
As demand for data centers soars, real estate companies look to become energy developers
Brendan Wallace has a lot on his mind lately. Wallace is the co-founder of Fifth Wall Ventures, a nine-year-old proptech venture firm with $3.2 billion in assets under management. He’s also a homeowner in L.A., which continues to battle raging wildfires. While his place remains intact, many of his friends haven’t been so lucky. Wallace […]
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Trump administration reportedly negotiating an Oracle takeover of TikTok
The Trump administration is negotiating a deal that would see Oracle take over TikTok alongside new U.S. investors, according to a report in NPR. Lawmakers passed a bill last year forcing Chinese parent company ByteDance to either sell TikTok or see it banned in the U.S. The app briefly went dark before the law took […]
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Will states lead the way on AI regulation?
2024 was a busy year for lawmakers (and lobbyists) concerned about AI — most notably in California, where Gavin Newsom signed 18 new AI laws while also vetoing high-profile AI legislation. And 2025 could see just as much activity, especially on the state level, according to Mark Weatherford. Weatherford has, in his words, seen the […]
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OpenAI wants to take over your browser
Welcome back to Week in Review. This week we’re diving into OpenAI’s newly released AI agent, called Operator. We also look at where TikTok stands after being resuscitated, whether it’s time to go back to Tumblr, and more! Let’s get into it. OpenAI launched a research preview of Operator, a general-purpose AI agent that can […]
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Paul McCartney calls on UK government to protect artists from AI
Legendary musician Paul McCartney is warning against proposed changes to UK copyright law that would allow tech companies to freely train their models on online content unless the copyright holders actively opt out. In excerpts of an interview with the BBC, McCartney said the government needs to do more to protect musicians and other artists. […]
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Friday, January 24, 2025
Wall Street banks plan sale of X debt at a discount
Bankers are reportedly gearing up to offload debt used to fund Elon Musk’s social network, for which he paid $44 million in 2022 including $13 billion in financing. Morgan Stanley is leading the charge, hoping to sell senior debt at between 90 and 95 cents on the dollar, reports the WSJ. As notes the outlet, […]
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UnitedHealth confirms 190 million Americans affected by Change Healthcare data breach
The number of individuals confirmed to be affected by the data breach is almost double the company's previous estimate.
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In motion to dismiss, chatbot platform Character AI claims it is protected by the First Amendment
Character AI, a platform that lets users engage in roleplay with AI chatbots, has filed a motion to dismiss a case brought against it by the parent of a teen who committed suicide, allegedly after becoming hooked on the company’s technology. In October, Megan Garcia filed a lawsuit against Character AI in the U.S. District […]
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Retro Biosciences, backed by Sam Altman, is raising $1 billion to extend human lifespan
Sam Altman-backed Retro Biosciences is raising $1 billion to develop drugs that extend human lifespan by 10 years, the FT reports.
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US users dumped RedNote after Trump paused the TikTok ban
In the days leading up to the TikTok ban in the U.S. on Sunday, U.S. users flooded the Chinese app RedNote, which offered a similar experience to their favorite short-form video app. The app, which is listed in the U.S. App Store under its Chinese name Xiaohongshu, quickly became the No. 1 free app in […]
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French e-bike startup Angell nears bankruptcy
Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark […]
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Threads is testing ads in the U.S. and Japan
Meta’s X rival Threads said Friday that it is now testing ads with select brands in the U.S. and Japan. Instagram head Adam Mosseri said that the company will listen to feedback before expanding this experiment in other markets. “We know there will be plenty of feedback about how we should approach ads, and we […]
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Mark Zuckerberg says Meta will have 1.3M GPUs for AI by year-end
Meta CEO Mark Zuckerberg said that the company plans to significantly up its capital expenditures this year as it aims to keep pace with rivals in the cutthroat AI space. In a Facebook post Friday, Zuckerberg said that Meta expects to spend $60 billion-$80 billion on capex in 2025, primarily on data centers and growing […]
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Flip, the TikTok Shop rival, launches a creator fund that grants up to $100M of equity
Flip is a social commerce app that lets shoppers become creators. They can share honest reviews and earn cash based on engagement on the platform. As Flip competes with TikTok Shop and other platforms in a highly competitive market, it has introduced a new creator fund that offers a unique opportunity to help it stand […]
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