Technology

The United States credit system as it exists today has been around for decades and many would argue it’s long been in need of an overhaul. In the meantime, a number of startups have emerged in recent years to offer consumers more options when obtaining credit. Petal is one such company. The New York-based startup, […]

Petal raises $35M, spins off data unit ‘to bring credit scores into the 21st century’ by Mary Ann Azevedo originally published on TechCrunch

Clearview AI, the US startup that’s attracted notoriety in recent years for a massive privacy violation after it scraped selfies off the Internet and used people’s data to build a facial recognition tool it pitched to law enforcement and others, has been hit with another fine in France over non-cooperation with the data protection regulator. […]

Clearview fined again in France for failing to comply with privacy orders by Natasha Lomas originally published on TechCrunch

Sound Ventures, the eight-year-old, Beverly Hills, Ca.,-based venture firm led by general partners Ashton Kutcher, Guy Oseary, and Effie Epstein, announced a new $240 million AI fund just last week. Turns out half of it is already invested in the three companies that it announced at the time that it rolled out the fund: OpenAI, […]

Sound Ventures has already plugged half its new $240 million AI fund into three companies by Connie Loizos originally published on TechCrunch

Investing in artificial intelligence (AI) startups is the latest bandwagon VCs are piling onto. But as last year’s crypto experts quickly work to rebrand as AI experts, they’ll have to compete with the VCs who have been investing in the category all along. Seattle-based Ascend is one of them. Firm founder and solo GP Kirby […]

Ascend raises $25 million for pre-seed AI startups in the Pacific Northwest by Rebecca Szkutak originally published on TechCrunch

Rivian may still be burning through cash, but its managed to narrow losses and generate more revenue as the automaker sells more of its EVs while paring down costs. Rivian reported Tuesday $661 million in revenue in the first quarter, a nearly seven-fold increase from the same period last year when it was plagued by […]

EV maker Rivian narrows losses in Q1, beats on revenue by Kirsten Korosec originally published on TechCrunch

As the impacts of climate change like desertification, biodiversity loss, pollution, and severe weather persist, the United Arab Emirates (UAE) is approaching the green transition and decarbonization with a great sense of urgency. Between its ratification of the 2015 Paris Agreement, its $160 billion investment in renewables over the next 30 years, and its green…