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A US trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’
The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after the United States Trustee filed an emergency motion on Wednesday. The trustee is asking to convert the company’s debt reorganization Chapter 11 bankruptcy Synapse into a liquidation Chapter 7, according to court documents. The trustee wrote that the need […]
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Seraphim’s latest space accelerator welcomes nine companies
U.K.-based Seraphim Space is spinning up its 13th accelerator program, with nine participating companies working on a range of tech from propulsion to in-space manufacturing and space situational awareness. The intense 12-week program is designed to get seed and Series A companies “investment ready,” the firm says, by providing specialist mentorship, networking opportunities and intensive […]
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These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report
OpenAI inks deal to train AI on Reddit data
OpenAI has reached a deal with Reddit to use the social news site’s data for training AI models. In a blog post on OpenAI’s press relations site, the company said that the Reddit partnership will provide it access to “real-time, structured and unique content” — e.g. posts and replies — from Reddit, allowing its tools […]
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An Iconic Las Vegas Casino Is Shuttering This Summer After 34 Years
X pushes more users to Communities
X is rolling out a revamped version of its Communities feature, which lets users network around topics of interest, each with its own dedicated space and timeline. The company on Thursday announced a number of changes to Communities, including improved discovery tools, recommendations, search, and sorting options, with other updates on the way. The broader […]
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Samsung’s New Ad Pokes Fun at Apple’s Controversial ‘Crush’ Ad
Roundtables: Why Thermal Batteries are So Hot Right Now
Mark Zuckerberg’s makeover: midlife crisis or carefully crafted rebrand?
For Mark Zuckerberg’s fortieth birthday, his wife got him a photoshoot. Zuckerberg gives the camera a sly smile as he sits amid a carefully crafted recreation of his childhood bedroom. It’s appropriately childish – a lava lamp, a participation trophy, a white stuffed dog – yet the surroundings foreshadow the culture-shifting, technological force Zuckerberg would […]
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