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In Seoul summit, heads of states and companies commit to AI safety

May 21, 2024

Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the inaugural global summit on AI safety at Bletchley Park in England, Britain and South Korea are hosting the AI safety summit this week in Seoul. The […]

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VCs wanted FarmboxRx to become a meal kit, the company bootstrapped instead

May 21, 2024

Some startups choose to bootstrap from the beginning while others find themselves forced into self funding by a lack of investor interest or a business model that doesn’t fit traditional VC. FarmboxRx decided to bootstrap because founder Ashley Tyrner didn’t like the advice she was getting from potential backers. Tyrner told TechCrunch’s Found podcast that […]

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Uber and Lyft’s ride-hailing deal with Minnesota comes with a cost

May 21, 2024

Uber and Lyft drivers in Minnesota will see higher pay thanks to a deal between the state and the country’s two largest ride-hailing companies. The upshot: a new law that gives some protections to drivers while placing limits on state government. The bill, which Gov. Tim Walz has supported publicly and is expected to sign, […]

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a16z’s American Dynamism team launches program to introduce technical minds to VC

May 21, 2024

Andreessen Horowitz’s American Dynamism fund has established a new fellowship program aimed at introducing top engineers and technologists to venture investing, a move that could help the firm less obvious sources for VC talent.  The American Dynamism fund launched in 2023 with the broad aim of supporting companies building in the nation’s interest across hard […]

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Teen fintech Copper had to emergency discontinue its banking, debit products

May 21, 2024

Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on May 12 that it would be discontinuing bank deposit accounts and debit cards on May 13. In a letter to customers, CEO and co-founder Eddie […]

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