On Thursday, House Judiciary Chair Jim Jordan (R-OH) sent letters to 16 American technology firms, including Google and OpenAI, asking for past communications with the Biden Administration that might suggest the former President “coerced or colluded” with companies to “censor lawful speech” in AI products. The Trump Administration’s top technology advisers previously signaled it would pick […]
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This past year has been hectic for the crypto lending platform BlockFi and today is no different as the company shared an announcement that it filed for voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey. On November 10 the crypto platform shared in a tweet that it paused […]
BlockFi files for Chapter 11 bankruptcy by Jacquelyn Melinek originally published on TechCrunch
Artificial intelligence promises to help, and maybe even replace, humans to carry out everyday tasks and solve problems that humans have been unable to tackle, yet ironically, building that AI faces a major scaling problem. It’s only as good as the models and data used to train it, so there is a need for sourcing […]
V7 snaps up $33M to automate training data for computer vision AI models by Ingrid Lunden originally published on TechCrunch
While there’s no one right way to go about fundraising, there are a few wrong ways — and failure is a wonderful teacher.
3 mistakes to avoid as an emerging manager by Ram Iyer originally published on TechCrunch
Yahoo is taking a nearly 25% stake in advertising network Taboola. In exchange for this move, Taboola is becoming Yahoo’s native advertising partner through a 30-year commercial agreement. If you’re not familiar with Taboola, you may have seen its content recommendation widgets on popular news websites, such as USA Today, Insider and The Weather Channel. […]
Yahoo gets 25% stake in Taboola as part of long-term advertising deal by Romain Dillet originally published on TechCrunch
Cairo-born and Dubai-based mass transit and shared mobility services provider SWVL has carried out its second round of layoffs affecting 50% of its remaining headcount, according to a statement shared by the company. The news is coming six months after SWVL laid off 32% of its workforce in a “portfolio optimization program” effort geared towards […]
SWVL reduces its headcount by 50% six months after axing 400+ staff by Tage Kene-Okafor originally published on TechCrunch
Denmark-based venture fund BackingMinds, founded in 2016, likes to think it takes a different approach to venture in Europe. Its new €50 million fund will aim to take a road less travelled by most VCs, looking “for the blind spots” traditional venture capital can often miss because of typical VC herd behaviour (such as investing […]
BackingMinds raises new €50 million fund to fund normally overlooked entrepreneurs by Mike Butcher originally published on TechCrunch
Facebook’s parent, Meta, has been hit with another hefty penalty for breaching European data protection law. The €265 million (~$275M) fine was announced today by the Irish Data Protection Commission (DPC), the tech giant’s lead regulator for the European Union’s General Data Protection Regulation (GDPR). The DPC confirmed that the decision, which was adopted on […]
Meta hit with ~$275M GDPR penalty for Facebook data-scraping breach by Natasha Lomas originally published on TechCrunch
Oceanic+, developed by Huish Outdoors, made a splash at this year’s Apple Fall Event in September, when Apple pulled a surprise new watch out of its proverbial hat, the Apple Watch Ultra. One of the surprises was that the $800 watch is rated for recreational scuba diving, enabling owners to take it underwater to 40 […]
Apple and Huish devise clever pricing model for divers with Oceanic+ app by Haje Jan Kamps originally published on TechCrunch
“Raise as much as you can as fast as you can” isn’t bad advice, but given the funding climate today, it may not be the most realistic.
Lessons for raising $10M without giving up a board seat by Ram Iyer originally published on TechCrunch