Construct Capital, an early-stage venture capital firm that invests in startups applying technology to sectors like manufacturing, transportation, and defense, has closed its third fund with $300 million in capital commitments. The Washington D.C.-based firm previously raised a $225 million second fund and a $75 million capital pool for later-stage companies in 2022. While many […]
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OpenAI on Monday announced that it closed one of the largest private funding rounds in history. According to a blog post on the company’s website, OpenAI raised $40 billion in a round that values the company at $300 billion post-money. SoftBank led the financing, CNBC reported. Other participants included Microsoft, Coatue, Altimeter, and Thrive, all […]
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CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailers, is facing financial difficulties, reports Axios. The company is almost out of money, CEO Christine Hunsicker has resigned, and law enforcement is investigating alleged financial misconduct, Axios reported, citing a leaked […]
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Encrypted messaging app Signal continues to see spiking downloads in the wake of the messaging scandal, which saw The Atlantic’s editor in chief Jeffrey Goldberg added to a group chat where high-ranking officials in the Trump administration were discussing an attack on Houthi rebels in Yemen. The resulting press coverage around the leak of these […]
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The API testing firm took down a database exposed to the internet without a password.
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Substack continues to double down on video amid TikTok’s uncertain future in the U.S. The company announced on Monday that it’s rolling out a scrollable video feed in its app, making it the latest platform to introduce a TikTok-like feed. Given the timing of the launch, Substack is likely aiming to capitalize on the potential […]
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Electric trucking company Harbinger has filed an objection to the sale of Canoo’s assets to its CEO, potentially throwing a wrench into the two-month-old bankruptcy case. Harbinger’s objection, filed late Friday, accuses Canoo of hiding certain assets from the sale process, including what the startup purchased from another bankrupt EV company, Arrival. It also accuses […]
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AI startup Runway on Monday released what it claims is one of the highest-fidelity AI-powered video generators yet. Called Gen-4, the tool is rolling out to the company’s individual and enterprise customers. Runway claims that it can generate consistent characters, locations, and objects across scenes, maintain “coherent world environments,” and regenerate elements from different perspectives […]
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President Donald Trump has said that a deal with TikTok’s parent company ByteDance to sell the app will be finalized before the April 5 deadline, Reuters reports. “We have a lot of potential buyers,” Trump told reporters. “There’s tremendous interest in TikTok. He added, “I’d like to see TikTok remain alive.” Trump extended the deadline […]
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Amazon on Monday unveiled Nova Act, a general-purpose AI agent that can take control of a web browser and independently perform some simple actions. Alongside the new agentic AI model, Amazon is releasing the Nova Act SDK, a toolkit that allows developers to build agent prototypes with Nova Act. Nova Act, developed by Amazon’s recently […]
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As it gears up to go public, Chime is going all in on new features in an effort to attract more customers. The digital bank is offering customers who agree to have their paychecks directly deposited into a Chime savings or checking account an APY of 3.75%, it tells TechCrunch exclusively. For those who don’t […]
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Last weekend, Jeffrey Goldberg, editor-in-chief of The Atlantic, found himself at the center of a digital fiasco when he was unexpectedly added to a Signal group chat with 17 U.S. government officials who were discussing imminent airstrikes in Yemen. For some, the incident has raised questions about how phone numbers end up in contact lists […]
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Apple is developing a new version of its Health app that includes an AI coach that can advise users on how to get healthier, according to Bloomberg’s Mark Gurman. Gurman first reported that something like this was in the works back in 2023, but now he says development is moving ahead, with the new features […]
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Perplexity CEO Aravind Srinivas recently took to Reddit to address users’ product complaints and reassure them that the company is not under serious financial pressure. Srinivas seemed to be responding, in part, to a user theory that the company is “doing horribly financially” and “making lots of changes to cut costs.” As an example, the […]
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It’s been 25 years since China Miéville stepped into the literary spotlight with his novel “Perdido Street Station.” Combining elements of science fiction, fantasy, and horror, the novel introduced readers to the fantastically complex city of New Crobuzon, filled with insect-headed khepri, cactus-shaped cactacae, and terrifying slake moths that feed on their victims’ dreams. It […]
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