S&P 500 Rises with Anticipated Rate Cuts
Introduction The S&P 500 has experienced remarkable gains, rising 10% over the past three weeks. This surge came on the heels of the last Federal Reserve meeting, during which the…
Only 2 exhibitor tables up for grabs at TechCrunch All Stage — Claim by June 29
This is not a drill. If your startup exists to power the growth of other startups or is the kind of innovation tech leaders need to see firsthand, your moment is now. TechCrunch All Stage hits Boston’s SoWa Power Station on July 15 — and just 2 exhibitor tables remain. Yes, only 2, and only […]
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Twelve Below secures $108M across two new funds
Twelve Below aims to lead or co-lead pre-seed and seed financings with the goal of earning a 10% to 15% ownership stake in the core investments from the fund.
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EU widens scope of food delivery cartel concerns probe
European Union antitrust regulators have carried out another series of raids on two online food delivery companies headquartered inside the bloc. The Commission hasn’t named the companies involved but the move follows unannounced EU inspections back in July 2022 — which were reported to have taken place at the offices of Spain’s Glovo and German’s […]
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India’s anti-money laundering agency finds $1 billion violation at Byju’s
India’s Enforcement Directorate, its anti-money laundering agency, has found that Byju’s violated the nation’s foreign exchange law to the tune of $1.08 billion, a person familiar with the matter told TechCrunch. The findings, which ED plans to make public as early as Tuesday, follows the agency searching the premises of Byju’s and its founder Byju […]
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Google admits Spotify pays no Play Store fees because of a secret deal
A Google executive said during a testimony in the Epic vs Google trial that a deal with Spotify allows the audio company to bypass Play Store fees, as reported by The Verge. Don Harrison, Google’s head of partnership, said that Spotify pays no fees when it processes its own payments and pays a measly 4% […]
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Indy raises $44 million to simplify taxes and paperwork for freelancers
French startup Indy has recently closed a new funding round of $44 million (€40 million) with BlackFin Capital Partners leading the round. Indy started as an automated accounting platform for freelancers and other self-employed people. But the company has been slowly iterating on its product to become an all-in-one platform for freelancers, from accounting to […]
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Elon Musk’s ‘thermonuclear’ lawsuit over hate-adjacent ads on X… actually confirms them
Elon Musk’s X, formerly Twitter, has filed a lawsuit alleging defamation by a news organization over claims that major companies had ads appear next to antisemitic content. But the suit appears to confirm the very thing it claims is defamatory. Media Matters last Thursday published an article with screenshots showing ads from IBM, Apple, Oracle […]
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Microsoft CEO Satya Nadella suggests that Sam Altman might return to OpenAI
In interviews on CNBC and Bloomberg TV tonight, Microsoft CEO Satya Nadella made it clear that it’s possible Sam Altman, who was fired from his role as CEO at OpenAI by the AI startup’s board of directors on Friday, could return to OpenAI in some capacity. That’s despite the fact that Altman announced this morning […]
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European investors grab the popcorn for the new ‘series’ of OpenAI, but are fearful of the fallout
With the OpenAI saga playing out across the pond, the European tech community has been waiting for the latest updates as if a new series of Succession was about to drop. Indeed, events have at times resembled some Greek tragedy about the Gods fighting it out, atop Mount Olympus, while us mere mortals watch on. […]
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Chaos at OpenAI adds fuel to the AI talent poaching war
It may be difficult for just any company to court OpenAI employees even if compensation packages are eye-poppingly high because of loyalty to Sam Altman.
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