MrBeast Acquired an App to ‘Gamify’ Finance for Teens. Some Are Worried.
The YouTube star bought Step, a financial app with 7 million teen users, and plans to introduce crypto trading.
Robinhood’s startup fund stumbles in NYSE debut
The fund currently offers retail investors exposure to eight startups, including Mercor, Ramp, and Stripe, with plans to expand its portfolio.
Others
City Detect, which uses AI to help cities stay safe and clean, raises $13M Series A
City Detect, a company that helps local governments prevent urban decay, is in at least 17 cities so far, including Dallas and Miami.
Quantum scale-up Pasqal plans $2B SPAC listing, promises to ‘remain French’
A SPAC deal that is set to take French quantum company Pasqal public on the Nasdaq values the company at $2 billion pre-money.
India’s Karnataka signals intent to ban social media for under-16s
Karnataka’s proposal highlights a growing global debate over children’s rights and online policy.
After Europe, WhatsApp will let rival AI companies offer chatbots in Brazil
Meta is now allowing rival AI companies to provide their chatbots on WhatsApp to Brazilian users for a fee, a day after the company confirmed a similar decision for users in Europe.
Anthropic to challenge DOD’s supply chain label in court
Anthropic CEO Dario Amodei said he plans to challenge the Department of Defense’s designation of the AI firm as a supply chain risk. He claims most Anthropic customers are unaffected by the label.
DiligenceSquared uses AI, voice agents to make M&A research affordable
The startup, which just raised $5 million, is founded by an ex-Blackstone principal and a former BCG consultant.
Cluely CEO Roy Lee admits to publicly lying about revenue numbers last year
The $7 million in annual recurring revenue that Cluely CEO Roy Lee shared last summer was a lie, its founder and CEO Roy Lee admitted on Thursday on X.
AWS launches a new AI agent platform specifically for health care
AWS is launching Amazon Connect Health, an AI agent platform that will help with patient scheduling, documentation and patient verification.
FBI investigating hack on its wiretap and surveillance systems: report
Hackers allegedly broke into the FBI’s networks, according to a report by CNN.