SBF’s defense puts forth a 35-minute last-ditch effort to show his good will

Contrary to the picture prosecutors tried to paint, Bankman-Fried insisted that he was not involved in the day-to-day trading operations of Alameda or its “core operations.”

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Toyota to invest another $8B into North Carolina EV battery factory

Toyota said Tuesday it will invest another $8 billion into its first EV battery factory in North America, as the Japanese automaker tries to ramp up its electrification program and introduce 30 battery electric models globally by the end of the decade. The North Carolina-based factory, which is slated to go into production in 2025, […]

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French soccer players back African mobile video network StarNews Mobile in $3M round

African mobile video network StarNews Mobile has secured $3 million in pre-Series A funding. StarNews offers African content creators a platform for monetizing their work through a subscription model. Currently, the service is available in six African countries, including Cameroon (where it started), Nigeria, Ghana, Congo, Benin and Ivory Coast. Founder and CEO Guy Kamgaing […]

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Privacy will die to deliver us the thinking and knowing computer

We’re getting a a first proper look at much-hyped Humane’s “AI pin” (whatever that is) on November 9, and personalized AI memory startup Rewind is launching a pendant to track not only your digital but also your physical life sometime in the foreseeable future. Buzz abounds about OpenAI’s Sam Altman meeting with Apple’s longtime design […]

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ChatGPT for career growth? Practica introduces AI-based career coaching and mentorship

Can an AI be your mentor? That’s what a startup called Practica believes. The company, which evolved out of a marketplace for one-on-one executive coaching, has now launched an AI system built on top of an existing knowledge base it developed over the years spent with a large group of human coaches. The resulting AI […]

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Cruise hits the brakes on driverless, UAW makes progress and more EV backpedaling

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. […]

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Korean Investment Partners is the latest Korean VC firm to launch a Southeast Asia fund

More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korean Investment Partners Southeast Asia, KIPSEA has a Singapore-based team and just announced its first fund close of $60 million. Limited partners come from South Korea, Hong Kong and […]

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Layoffs at VW’s Cariad further delay software launch in Porsche, Audi models

Volkswagen’s software unit Cariad will delay the launch of its new software architecture yet again as it deals with a large round of layoffs. Just three years after VW created Cariad, and only six months after an executive shakeup, the unit has planned to cut 2,000 jobs, German publication Manager Magazin reported over the weekend. […]

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Posts with misinformation on X become ‘ineligible for revenue share’ says Musk

X posts that are corrected by Community Notes, the platform’s crowd-sourced fact-checking system, will become “ineligible for revenue share,” Elon Musk said Sunday. “The idea is to maximize the incentive for accuracy over sensationalism,” he wrote. The billionaire executive also noted that any attempts to “weaponize Community Notes to demonetize people will be immediately obvious, […]

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A look at how one fintech CEO’s PR decision backfired

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Last week, we chronicled one CEO’s big PR flub, one firm’s new infusion of capital for early-stage fintech startups and […]

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Cruise ceases robotaxi operations, the Apple Watch gets a new feature and Carta tries to head off bad press

Hello, ghouls and goblins, and welcome to this Halloween Weekend edition of Week in Review (WiR), TechCrunch’s weekly tech recap in newsletter form. For our U.S.-based readers (and this reporter), ’tis the time for mid-autumn merrymaking — time-tested traditions like jack-o’-lantern carving, costuming and apple picking. May we all make the most of it. In […]

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MarketForce exits three markets, set to launch a social commerce spinout

Kenyan B2B e-commerce company MarketForce has shut down operations in three of its five markets in Africa and is in the early stages of launching a social commerce spinout. TechCrunch has learned that MarketForce’s super-app dubbed RejaReja, which enables informal retailers (mom-and-pop stores) to order fast moving consumer goods (FMCGs) directly from distributors and manufacturers […]

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Startup browser maker Arc now lets you share Spaces, Folders and Split Views with non-Arc users

Arc, the web browser startup that’s convincing some power users to give up Chrome, is now inviting other non-Arc users to test drive its capabilities with the launch of a trio of new “shareable” features. The company this week introduced the ability to share special views, including Spaces, Folders and Split Views with anyone — […]

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Threads isn’t dead and it now has polls and GIFs too

Meta’s X rival, Instagram Threads, is copying a couple more X features today with the launch of support for polls and GIFs. The update comes in rapid succession to other releases for the new app, which have included support for a web version a (free) edit button, profile switching, likes, full-text search, a chronological feed, […]

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OpenAI forms team to study ‘catastrophic’ AI risks, including nuclear threats

OpenAI today announced that it’s created a new team to assess, evaluate and probe AI models to protect against what it describes as “catastrophic risks.” The team, called Preparedness, will be led by Aleksander Madry, the director of MIT’s Center for Deployable Machine Learning. (Madry joined OpenAI in May as “head of Preparedness,” according to […]

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There could be a simple reason why seed deals are so expensive today

It seems that as long as rapid revenue growth is possible in the earliest stages of startup life, valuations are going to be strong.

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Agora enables brands to host live shopping events and auctions

Agora, the company that develops “real-time engagement” APIs, is making its livestream shopping technology widely available to help more brands build live commerce experiences, including shoppable shows, live auctions, personal shopper livestreams, and more. The solution has been in beta since 2022. With Agora’s live shopping API, any company can embed interactive livestreams into their […]

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Ask Sophie: Is it now easier for founders to get H-1B visas?

I heard that the USCIS released proposed H-1B regulations that make it easier for founders to get H-1Bs. What are the details?

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TikTok partners with Tickets.com to sell tickets for its first live music event

A few months ago, TikTok launched its subscription-only music streaming service to compete with major players Spotify, Apple and Amazon. Now, the company appears to be throwing its hat in the ticketing ring with its latest announcement. TikTok announced today its first live global music event, “In The Mix,” marking the first time the short-form […]

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Adapting to the climate crisis with Jonas Torland from 7Analytics

Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom talk about the seemingly endless slate of rainy Saturdays here on the east coast. Thankfully, this episode’s guest Jonas Torland of 7Analytics is helping us feeling a little less gloomy about the current effects of climate change. Bergen, […]

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California DMV immediately suspends Cruise’s robotaxi permit

The California Department of Motor Vehicles said Tuesday it has immediately suspended Cruise’s deployment and driverless testing permits, ending the GM self-driving car subsidiary’s robotaxi operations in San Francisco just months after receiving the last necessary permit to commercialize its operations. “Public safety remains the California DMV’s top priority, and the department’s autonomous vehicle regulations […]

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Signos raises $20 million to sprinkle AI fairy dust on the weight loss industry

Signos, a metabolic health platform that utilizes a unique AI-engine with a continuous glucose monitor (CGM) to offer real-time data and recommendations for healthy weight management, has announced a successful $20 million Series B funding round. The round was led by Cheyenne Ventures and GV (Google Ventures), with additional investments from Dexcom Ventures and Samsung. […]

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What’s behind the fresh round of tech layoffs?

But let’s not forget as we dig into the reasons why we are seeing a new wave of tech layoffs that this is more than an academic exploration.

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Feds expand Tesla investigation to include vehicle range, personal benefits

Tesla has the attention of the U.S. Department of Justice — again. Tesla has received requests for information, including subpoenas from the DOJ, the automaker disclosed Monday in a U.S. Securities and Exchange Commission filing. The DOJ issued subpoenas related to perks, the advertised range of its EVs and personnel decisions, according to the filing. […]

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TikTok is testing 15-minute uploads with select users

TikTok is testing the ability for users to upload 15 minute videos, the company confirmed to TechCrunch on Monday. The social media giant said the new upload limit is being tested in select regions with a limited group of users, but declined to share specifics. The new option increases the video upload limit on the […]

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It’s too late for nuclear to save the climate

Even with the new designs, nuclear power probably won’t be enough to make a difference because its biggest hurdles aren’t technical at all.

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Peak XV’s latest Surge batch is 77% AI and deeptech startups

AI and other deep technologies are the prevailing themes in the new early-stage cohort from Peak XV Partners, as the largest India and Southeast Asia-focused VC fund intensifies its search for opportunities in a sector garnering international frenzy. Ten out of 13 startups in the latest cohort of Surge, Peak XV’s powerfully influential early-stage program, […]

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Rivian R1T is the first EV to win the longest off-road competition in the US

Motorsports and off-road competition isn’t the typical fodder over here at TechCrunch — unless, of course, there also happens to be a podium-winning team driving an all-electric 2023 Rivian R1T. The Rebelle Rally, the longest off-road map-and-compass rally in the United States, wrapped up Friday evening with a new EV milestone under its belt. This […]

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Tesla ‘digs its own grave with the Cybertruck,’ Convoy collapses and Rivian scores a win at Rebelle

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.

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Why Monday.com decided to build its new database instead of buying one

When Monday.com faced the classic build vs. buy dilemma for a new database, it decided to build one, but with a decided twist.

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Is Plaid’s potential IPO a sign of fintech turning a corner?

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Unfortunately we can’t make it to Money20/20 next week. But we have no doubt that we’re going to […]

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Hackers leak more 23andMe data, X cracks down on porn and Andreessen writes a manifesto

Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter that highlights notable tech industry happenings over the past few days. Life moves pretty fast, as a young Matthew Broderick once said — we empathize. Fortunately, there’s WiR to get you caught up to speed. In this edition of WiR, we cover a hacker leaking […]

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Humanoid robots face a major test with Amazon’s Digit pilots

Announced amid a deluge of news at this week’s Delivering the Future event in Seattle was word that Amazon will begin testing Agility’s Digit in a move that could bring the bipedal robot to its nationwide fulfillment centers. It’s baby steps as these things go, and such early-stage deals don’t necessary mean something bigger down […]

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In insurtech, too, business models aren’t one-size-fits-all

German insurtech company Getsafe is still bullish about direct-to-consumer insurance, but others are moving away from this business model.

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6 tax-related do’s and don’ts for SaaS startups in 2023

Having your contract periodically reviewed by a technology and a tax attorney is important to help minimize your tax liability.

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I did my expenses in VR and I liked it

Meta’s Quest 3 has now been available for over a week, and the reviews have largely praised the updated consumer mixed reality headset. In my own first impressions, I shared how it managed to convince me to give the category a second look – many years after I’d all but given up on VR as […]

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Waymo’s new simulator helps researchers train more realistic agents

Autonomous vehicle companies use simulators to train their self-driving systems and teach them how to react to “agents” — things like pedestrians, cyclists, traffic signals and other cars. To have a truly advanced AV system, those agents need to behave and react realistically to the AV and to each other. Creating and training intelligent agents […]

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Ask Sophie: How does my immigration status affect export control licensing to build in space tech?

In this column, Sophie provides some context on export control, the J-1 educational and cultural exchange visa, and employment authorization.

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Reddit is killing blockchain-based Community Points

Reddit is winding down Community Points — the blockchain-based “internet points” program designed to reward creators and developers — in favor of prioritizing rewards programs that are less difficult to scale. “Though we saw some future opportunities for Community Points, the resourcing needed was unfortunately too high to justify,” Reddit’s director of consumer and product […]

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Trust & Safety Tycoon lets you simulate the most agonizing job in tech

If you think you could’ve deflected Twitter’s blue check impersonation debacle, then boy do we have the game for you! Techdirt has released the very fun and not at all stressful game Trust & Safety Tycoon, in which you get to simulate running a trust & safety team at a Twitter-like social media startup called […]

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One year-post acquisition, X traffic and monthly active users are in decline, report claims

Despite proclamations from X CEO Linda Yaccarino that usage of the social network was at an all-time high this summer, a new report is throwing cold water on those claims, saying that X usage has actually declined on all fronts, across both web and mobile. According to data from market intelligence firm Similarweb, X’s global […]

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PayPal’s app can now track your packages, even if you didn’t checkout with its service

PayPal launched a package tracking feature on its app that allows you to instantly see the status of online orders. Rather than manually entering the order number into a carrier website or searching your email inbox to find the delivery status of a package, PayPal now automatically gathers shipping details and tracks them through Gmail […]

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Netflix’s cloud gaming service begins tests in U.S.

Netflix is beginning to test its cloud gaming service in the U.S. after initially launching limited trials in Canada and the U.K. The service, an expansion on the company’s mobile gaming efforts which began in 2021, has seen the streamer picking up gaming studios and licensing titles from individual developers with the intention to make […]

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Will seed deals ever stop getting more expensive?

Per PitchBook, through Q3 2023, seed-stage startups clocked a median pre-money valuation of $12 million, beating 2022's record of $11.1 million.

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General Catalyst and European early stage fund La Famiglia ‘join forces’ to invest in European startups

In a move that will help cement the incursion of US-based VCs into the European ecosystem, General Catalyst and La Famiglia have announced they are, in their words, “joining forces”. Jeannette zu Fürstenberg, Founding Partner of La Famiglia, is slated to become a Managing Director within General Catalyst’s global partnership, driving a “long-term vision for […]

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Australia fines X for failing to provide information about child abuse content

eSafety, the Australian regulator for online safety, issued a $386,000 fine against X (formerly Twitter) Monday for failing to answer “key questions” about the action the platform is taking against child abuse content. The watchdog issued legal notices to Google, TikTok, Twitch, Discord, and X (which was known as Twitter back then) under the country’s […]

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Asia emerges as a promising haven amid the crypto winter

Walking through Token2049, it was hard to tell that the crypto industry was going through a “winter” phase. The crypto conference held in Singapore in September attracted an unprecedented crowd of 20,000 attendees, filling the island state with an even greater number of blockchain enthusiasts who hopped in and out of the hundreds of side […]

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London’s not calling for Par Equity, as VC firm targets £100M at UK startups in the north

Any conversation centered on the U.K. tech scene often has a strong center of gravity around the south of the country — to many, “the U.K.” and “London” may as well be the same thing. A recent House of Commons Committee report on venture capital allocation pointed to “uneven levels of VC investment” across the […]

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The SBF trial continues, Atlassian acquires Loom, and OpenAI explores making its own chips

Happy Saturday, folks, and welcome to Week in Review (WiR), TechCrunch’s newsletter that covers the major stories in tech over the past several days. I feel inclined to begin this edition with a sobering note about the recent events in Israel and Gaza. It’s obviously impacted the tech ecosystem there, but from a purely humanistic […]

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How roboticists are thinking about generative AI

[A version of this piece first appeared in TechCrunch’s robotics newsletter, Actuator. Subscribe here.] The topic of generative AI comes up frequently in my newsletter, Actuator. I admit that I was a bit hesitant to spend more time on the subject a few months back. Anyone who has been reporting on technology for as long […]

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More funding for defense tech?

It is too early to tell how long the Israel-Hamas war may last, but it is likely to make democracies' need for defense tech even clearer.

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Toyota’s EV strategy hinges on a partnership with a petrochemical company

Toyota’s EV progress remains nascent. And a recent announcement about a manufacturing partner suggests that the company is still feeling its way forward.

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Singularity’s ONI earbuds deliver outstanding audio thanks to MEMS speaker tech

I have long flirted with the idea that I’m an audiophile, though I don’t typically spend thousands of dollars on either headphones or speakers, and I only sporadically indulge in lossless tier audio. True audiophiles would likely balk at my home Sonos system and penchant for AirPods (Pro and Max primarily), but I like to […]
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Ford increases wages at planned EV battery factories amid UAW strike

Ford and its joint venture partner SK On, will increase wages at two planned EV battery factories in Kentucky and Tennessee in an effort to assuage striking autoworkers. That offer might not be enough. The joint venture, known as BlueOval SK, said it’s offering higher wages for maintenance technicians and associate maintenance technicians, ranging from […]
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Cruise opens robotaxi service in Houston

GM’s self-driving car subsidiary Cruise has opened its robotaxi service to users in Houston — an expansion that comes amid increasing criticism of the company’s operations in San Francisco, it’s first launch city. Cruise said it will operate seven days a week from 9 p.m. to 6 a.m. in about 11 square miles of sprawling […]
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How to fundraise when your deep tech startup sounds like sci-fi

Your pitch may well be the first time a VC has even heard of a concept, so how can they possibly work out how to invest in your idea when it sounds like sci-fi?
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Bluesky gets its first third-party mobile app with Graysky, launching later this month

Bluesky, the Jack Dorsey-backed Twitter alternative, is getting its first third-party app for mobile users: a new app called Graysky. Though numerous Bluesky projects built on the company’s API are already in the works or in testing, Graysky will be the first to ship to the App Store, where it’s now available for pre-order with […]
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Google’s Pixel 8 Pro camera is the new mobile photography champ

Let’s not kid ourselves: The most exciting thing about the Google Pixel 8 Pro (and 8, for that matter) is the camera, and because of Google’s commanding position when it comes to computational photography, anyone interested in the state-of-the-art will be paying extra attention to this smartphone’s yearly upgrade. My entire life is essentially a […]
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Google Pixel 8 Pro: The camera’s still the thing

This is a camera upgrade. Full stop. If photos and video aren’t your primary concerns when it comes to buying a new smartphone, there’s virtually no reason to upgrade from the Pixel 7 Pro to the Pixel 8 Pro (check Darrell’s review to see if the same is true for the Pixel 8). The Pixel […]
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Google’s Pixel 8 delivers solid performance and design upgrades, plus a focus on the future

Google’s Pixel 8 smartphone is shipping tomorrow, and while the update this year was leaked far in advance of even the official announcement, knowing what a phone looks like on paper is a very different thing from knowing what it’s like to use and own one. I’ve had both the Pixel 8 and the Pixel […]
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Tesla now sells $8,000 vinyl wraps, hinting at clever Cybertruck solution

Model 3 and Model Y owners can now have a “self-healing urethane-based film” installed by Tesla. It costs $7,500 – $8,000 and are only compatible with 2023+ models. A range of colors are available including blue, green, gold, white, black, red, and, for some reason, grey. Or, for $5,000, Tesla will install a clear wrap, […]
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Instagram head says Threads is “not going to amplify news on the platform”

Instagram’s new Twitter-like app Threads is not prepared to truly challenge Elon Musk’s X, if recent statements by Instagram head Adam Mosseri hold true. In response to a post about Threads’ position on hard news, Mosseri explained the company did not intend to “amplify” news on its platform. His position is not a surprise, though […]
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As misinfo circulates on X amid the Israel-Hamas war, reporters look to other platforms

In the wake of increasing misinformation related to the Israel-Hamas war now circulating on X, the app formerly known as Twitter, a number of journalists are building up their networks on rival platforms. The shift, though potentially small in terms of raw user numbers, could have an outsized impact on X, where power users create […]
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Demos aren’t as important as you think for your VC pitch

Before you start planning how you’ll demonstrate your product, you first need to consider whether you need a demo at all.
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TikTok now supports direct posting from AI-powered Adobe apps, CapCut, Twitch and more

TikTok today is introducing a new feature that will allow its users to post directly to the video platform from a range of popular editing apps, including Adobe’s AI-powered video editing software Premiere Pro, its AI creativity app Adobe Express, as well as others, including Twitch, SocialPilot, and ByteDance’s CapCut. The new offering, Direct Post, […]
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The Q3 venture capital market explained in five charts

The TechCrunch+ team has charted the most important VC data we've seen thus far in Q3 to help you better understand where global startup investing really is today.
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SnapEDA becomes SnapMagic and debuts an AI copilot to help automate circuit board design

SnapEDA, a platform for electrical engineers to easily access electric component data, is rebranding as SnapMagic and introducing a new suite of features that could be a game changer for electronics design. If you’re an electrical engineer, you’ve likely heard of (or use) SnapEDA. The platform has been around for a decade, with a user […]
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Relationship community app Keepler wants to guide you through your dating journey

Keepler, a new app for daters to receive expert advice, officially launched today to give users the skills and guidance to confidently navigate the dating scene or improve their current relationship. Keepler is both a marketplace for coaches to grow their practices and earn revenue as well as a social community app for daters to […]
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Max Q: Castelion comes out of stealth

In this issue: Meet Castelion, news from Amazon and more.
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Buzzy social app Fizz sues rival Sidechat over unfair competition practices

Fizz, the buzzy anonymous social app that’s now being used across over 80 college campuses, has filed suit against rival Sidechat, alleging unfair competition and a range of abuses, including attempts at disrupting Fizz’s launches, spreading rumors about Fizz having hackers, trademark infringements, sending false spam reports to Instagram, and using false pretenses to acquire […]
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ChatGPT’s mobile app hit record $4.58M in revenue last month, but growth is slowing

There’s some good news and bad news for ChatGPT’s mobile efforts. On the positive side, the AI chatbot continues to see the number of app installs and its revenue grow, with September setting a new record on both fronts: 15.6 million downloads and nearly $4.6 million in gross revenue across its iOS and Android apps […]
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Wanda Fish navigates VC waters to catch $7M for production of cultivated bluefin tuna

The company aims to create whole-cut cultivated fish filets, starting with bluefin tuna, using muscle and fat cells.
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Accel leads $21M investment in UK care home marketplace Lottie

The U.K. care home sector was pegged as £7.7 billion market in 2021, according to most recent estimates, yet capacity is shrinking at a time when the average age of the general population continues to grow. Throw into the mix a lack of transparency over pricing and service availability, and it’s clear that families looking […]
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Singapore’s tech subscription service Circular wants to keep devices out of the landfill

Circular, backed by Y Combinator, is a service that offers consumers in Singapore and Australia subscriptions to high-end electronics, like iPhones, Samsung Galaxy, iPad Pros and MacBook Pros. Not only does it want help people get devices at lower prices, but also keep them in circulation for as long as possible and out of the […]
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European Digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers

Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral Group in a transaction that didn’t include its German or Spanish operations. Getsafe is now present in four countries since its expansion into France. Luko’s own […]
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To attend or not to attend: We asked 52 founders whether events are useful or a waste of time

There are many founder-focused events but are they actually helpful or just a distraction? Founders need to strike a balance.
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Zendesk emerges from last year’s turbulence with strong outlook

After some recent turbulence, it would be easy to think that Zendesk's overall financial performance suffered as a result, but that really wasn’t the case.
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Women and underrepresented founders aren’t going to wait for the VC industry to transform itself

You will only have one shot to impress your future financial backers — make sure you are confident and ready.
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Sam Altman backs teens’ startup, Google unveils the Pixel 8 and TikTok tests an ad-free tier

Hiya, folks, and welcome to Week in Review (WiR), TechCrunch’s digest of the past week in tech news. It’s TC’s column that highlights the major stories over the past few days, and — we humbly submit — it’s a darn useful resource for folks on the go. This week, we cover Sam Altman backing a […]
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Crypto is about a lot more than a former golden boy turned villain

"Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall" by investigative reporter Zeke Faux has several chapters on FTX's founder, Sam Bankman-Fried, but it's also about crypto more broadly.
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Pack away your mittens, startup winter is over

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. As I sat down to write this week’s Startups Weekly, I do what I do every week: Read every story on TechCrunch. This week, that meant reading 212 stories on the site, and you know what I’m left with? An […]
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TechCrunch+ Roundup: AI investor survey, calculating TAM, inside the FTX trial

If you haven’t found traction with customers and aren’t generating revenue, you should be in fundraising mode already.
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Humans can’t resist breaking AI with boobs and 9/11 memes

The AI industry is progressing at a terrifying pace, but no amount of training will ever prepare an AI model to stop people from making it generate images of pregnant Sonic the Hedgehog. In the rush to launch the hottest AI tools, companies continue to forget that people will always use new tech for chaos. […]
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Stoke Space raises $100M Series B as it looks to reach orbit by 2025

Stoke Space is flying high. Fresh on the heels of a successful test of its reusable second stage, the four-year-old startup announced today that it closed $100 million in new funding led by Industrious Ventures. This newest round of funding included participation from the University of Michigan, Sparta Group, Long Journey, and other investors. Existing […]
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How to stretch your venture dollars

If you haven’t found traction with customers and aren’t generating revenue, you should be in fundraising mode already.
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Following the SBF trial, 3AC arrest and Q3 web3 funding drops

Welcome back to Chain Reaction. The SDNY is becoming a second home for me because the highly anticipated trial for Sam Bankman-Fried has begun. If you need it, we’ve got a refresher for you.
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Uber still dragging its feet on algorithmic transparency, Dutch court finds

Uber has been found to have failed to comply with European Union algorithmic transparency requirements in a legal challenge brought by two drivers whose accounts were terminated by the ride-hailing giant, including with the use of automated account flags. Uber also failed to convince the court to cap daily fines of €4k being imposed for […]
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Three weeks later, investors still not terribly enthusiastic about the massive Cisco-Splunk deal

Three weeks after the Cisco announced a massive $28B acquisition of Splunk, investors still seem less than enthused about the deal.
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Keep Labs’ smart storage redefines medication management

Keep Labs built a lockable storage container for medicine, and it doesn’t matter if the meds come in bottles, boxes, or dime bags. The Keep is designed to hold them safely and track their use. The company launched in 2019, won – and lost– an innovation award at CES 2020, and this week started shipping its […]
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Lyca Mobile blames cyberattack for network disruption

U.K.-based mobile virtual network provider giant Lyca Mobile has confirmed a cyberattack that caused service disruption for millions of its customers. Lyca Mobile claims to be the world’s largest international mobile virtual network operator, or MVNO, which piggybacks off network operator EE’s infrastructure. Lyca confirmed in a statement this week that the security incident prevented […]
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The global VC market continues to stumble

Venture deal volume has fallen every quarter since Q2 2022 across the world, and the trend shows no signs of reversing.
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Defense startup Mach Industries closes $79M Series A at $335M valuation

Defense tech darling Mach Industries has closed a $79 million Series A led by Bedrock Capital in a deal that catapulted their post-money valuation to $335 million, multiple sources tell TechCrunch. Mach Industries’ head of growth Koko Xu confirmed the numbers in an email, adding that the new investment came “from Bedrock and other top […]
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7 companies to provide NASA with commercial satellite imagery under $476M contract

Umbra, Capella Space and GHGSat are among the seven companies that will provide NASA with commercial satellite imagery, part of an acquisition program that has a maximum potential value of $476 million across all providers. The contract duration is five years, with an option to extend it by six months. Maxar’s intelligence division, PlanetIQ, Spire […]
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US lawmakers ask TikTok about its ByteDance ties after recent exec transfers between the companies

U.S. lawmakers have written a letter to TikTok questioning its independence from its Chinese parent company ByteDance, in the wake of a recent report from The Wall St. Journal that noted that several high-level executives had been transferred from ByteDance to TikTok, where they took on top roles across the organization. The report noted the […]
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Sam Altman backs teens’ AI startup automating browser-native workflows

Sam Altman, Peak XV, and Daniel Gross and Nat Friedman’s AI grant are among backers of an AI startup, founded by two teenagers, that’s aiming to assist businesses in automating numerous workflows in previously unexplored ways. Induced AI, founded this year, enables businesses to input their workflows in plain English, subsequently converting the instructions into […]
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Promova’s new feature helps people with dyslexia learn a new language

Promova, the language learning app with over 11 million users, today launched “Dyslexia Mode,” which uses a specialized typeface called Dysfont so people with dyslexia can learn a new language more easily. In addition, the new mode reduces color brightness and implements multi-sensory teaching techniques. Dysfont was developed by designer Martin Pysny, who was diagnosed […]
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We need to break Big Tech’s data broker industry

It is time for a new technology that will give more power to the consumer, more freedom to developers and more opportunity for innovation.
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Humata AI summarizes and answers questions about your PDFs

Cyrus Khajvandi, a Stanford biology graduate and two-time entrepreneur, often found it challenging to stay on top of scientific research while managing his daily workload . Recognizing that he wasn’t the only one — and that AI technology was becoming more accessible — Khajvandi began developing an AI platform to summarize and answer questions about […]
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Google launches $399 Chromebook Plus category

Google this morning launched a new category of Chromebooks called Chromebooks Plus. The laptps are productivity-focused devices with minimum spec requirements , including a full HD screen, 1080p camera and higher processing power than entry-level devices. The initial set of Chromebook Plus devices — made by Acer, Asus, HP, and Lenovo — start from $399. […]
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Alpaca VC unveils two new investment vehicles, including its real estate roots

The multi-stage venture capital firm uses a research-driven approach and invests at the intersection of the physical and digital worlds.
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India’s national logistics portal exposed sensitive personal data, trade records

India’s state-owned logistics portal has fixed misconfigurations and vulnerabilities that exposed sensitive personal data and various state and private trade records. Called the National Logistics Portal-Marine, the website made the sensitive and private data public due to misconfigured Amazon S3 buckets. It also carried a JavaScript file that included login credentials into the web source […]
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Bird loses its NYSE wings, Uber gets tight with taxis and Tesla gets sued again for racial discrimination

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. […]
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Procurement is painful, so Pivot wants to simplify it

Earlier this year, a big French tech company started requiring an email to the CEO for every purchase above €1,000. That’s because they didn’t have the right tool to manage procurement. Meet Pivot, a new French startup that wants to overhaul spend management solutions. Pivot wants to work with young companies that are growing fast […]
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How to raise a Series A in today’s market

Three investors shared their perspectives on what’s changed, what’s working today, and what advice they’re giving founders at this year’s TechCrunch Disrupt.
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A tale of two research institutes

If you’re lucky, once a year you get to put together a panel built on pure kismet. Pairing Gill Pratt with Marc Raibert was exactly that for me. The two go back several decades, to the salad days of MIT’s Leg Lab. [A version of this story original appeared in TechCrunch’s robotics newsletter, Actuator. Subscribe […]
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