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Economics at techcrunch.com

Sunday, Jul 21

00

What Kamala Harris has said about AI, tech regulation, and more

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With President Joe Biden dropping out of the race, Vice President Kamala Harris may become the Democrats’ new nominee. In announcing his plans, Biden offered his “full support and endorsement for Kamala to be the nominee of our party this…

19

WazirX halts trading after $230 million ‘force majeure’ loss

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WazirX, one of India’s largest cryptocurrency exchanges, has suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach. The Mumbai-based exchange said in a…

Saturday, Jul 20

21

Unpacking how Alphabet’s rumored Wiz acquisition could affect VC

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Alphabet, the parent company of Google, is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, the Wall Street Journal reported on Sunday. TechCrunch’s sources heard similar and added that deal discussions could last…

18

Strava’s next chapter: New CEO talks AI, inclusivity, and why ‘dark mode’ took so long

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TechCrunch sat down with Strava's new CEO in London for a wide-ranging interview, delving into what the company is prioritizing, and what we can expect in the future as the company embarks on its "next chapter."

17

Lavish parties and moral dilemmas: 4 days with Silicon Valley’s MAGA elite at the RNC

techcrunch.com

All week at the RNC, I saw an event defined by Silicon Valley. But I also saw the tech elite experience flashes of discordance.

16

Tracking the EV battery factory construction boom across North America

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A wave of automakers and battery makers — foreign and domestic — have pledged to produce North American–made batteries before 2030.

02

US cyber agency CISA says malicious hackers are ‘taking advantage’ of CrowdStrike outage

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CISA confirmed the CrowdStrike outage was not caused by a cyberattack, but urged caution as malicious hackers exploit the situation.

Friday, Jul 19

23

Twitch reinstates Trump’s account ahead of the 2024 presidential election

techcrunch.com

Prior to the ban, Trump's team used his channel to broadcast some of his campaigns. With the ban now lifted, his channel can resume doing so.

18

Last chance today: Secure major savings for TechCrunch Disrupt 2024!

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Today is the final chance to save up to $800 on TechCrunch Disrupt 2024 tickets. Disrupt Deal Days event will end tonight at 11:59 p.m. PT. Don’t miss out on this opportunity to save big on the tech conference of the year. Book your last…

10

Faulty CrowdStrike update causes major global IT outage, taking out banks, airlines and businesses globally

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Security giant CrowdStrike said the outage was not caused by a cyberattack, as businesses anticipate widespread disruption.

09

Paytm loss widens and revenue shrinks as it grapples with regulatory clampdown

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Indian fintech Paytm’s struggles won’t seem to end. The company on Friday reported that its revenue declined by 36% and its loss more than doubled in the first quarter as it continues to grapple with a regulatory clampdown that has…

Thursday, Jul 18

23

Elon Musk is now a villain in Joe Biden’s presidential campaign

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Biden centering Musk in his campaign is a notable escalation, considering he spent most of his presidency seemingly pretending the billionaire didn't exist.

22

PE firm PartnerOne paid $28M for HeadSpin, a fraction of its $1.1B valuation set by ICONIQ and Dell Technologies Capital

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Canadian private equity firm PartnerOne paid $28.2 million for HeadSpin, a mobile app testing startup whose founder has been sentenced for fraud earlier this year, according to documents viewed by TechCrunch. The fire sale was reported by…

20

WazirX halts withdrawals after losing $230 million, nearly half its reserves

techcrunch.com

The Mumbai-based firm said one of its multisig wallets had suffered a security breach, and it was temporarily pausing all withdrawals from the platform.

Fisker scores a win, an AV startup reboots in Texas, and why Elon pushed the Tesla robotaxi reveal

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This week's TechCrunch Mobility looks at Fisker scoring a win, an AV startup rebooting in Texas, why Elon is pushing the Tesla robotaxi reveal and more.

ChatGPT: Everything you need to know about the AI-powered chatbot

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ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a…

19

Communia bets social media can be good for you

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Olivia DeRamus is flipping the script: What if scrolling through social media didn’t make us miserable? What if, especially for women, social media could actually make us feel more supported? “It’s certainly not what mainstream social…

TikTok fast-tracks artist account creation for DistroKid members

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TikTok is partnering with the music distribution service DistroKit to fast-track the creation of artist accounts for members. The ByteDance-owned short video platform introduced an Artist Account feature last year to let musicians showcase…

18

OpenAI unveils GPT-4o mini, a smaller and cheaper AI model

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OpenAI introduced GPT-4o mini on Thursday, its latest small AI model. The company says GPT-4o mini, which is cheaper and faster than OpenAI’s current cutting edge AI models, is being released for developers, as well as through the ChatGPT…

USPS shared customer postal addresses with Meta, LinkedIn and Snap

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The U.S. Postal Service confirmed it took action to "remediate" the data sharing following a TechCrunch investigation.

GM CEO Mary Barra is coming to TechCrunch Disrupt 2024

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The automotive industry is in the midst of dramatic technological change as companies seek out new ways to make money beyond building and selling gas-powered cars. And GM CEO and chair Mary Barra, who has held the top spot for a decade, is…

17

Amazon Prime Day 2024 sales hit record $14.2 billion

techcrunch.com

Amazon’s Prime Day event clocked record sales this year, as U.S. consumers spent $14.2 billion across July 16 and 17, according to Adobe Analytics. This marks an 11% jump from last year’s $12.7 billion total. Buyers spent $7.2 billion on…

Without this company’s technology, future fusion power plants might never light up

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Marathon Fusion emerges from stealth with a plan to help fusion power plants extract tritium, a necessary fuel.

16

Fintech startup Coast lands $40M just 4 months after its last $25M raise

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Coast, a startup that describes itself as “a financial services platform for the future of transportation,” has raised $40 million in Series B funding — just four months after announcing a $25 million round, the startup has told TechCrunch…

12

Samsung to acquire UK-based knowledge graph startup Oxford Semantic Technologies

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The Korean tech giant is acquiring Oxford Semantic Technologies, a U.K.-based knowledge graph startup that has built an AI reasoning engine.

02

Bill Weber out as CEO of Firefly Aerospace

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Bill Weber is out as chief executive at Firefly Aerospace, following a nearly two-year stint in the role, the company announced late Wednesday. While the board initiates a search for a new CEO, board member Peter Schumacher will serve as…

Wednesday, Jul 17

23

Ethereum co-founder’s warning against ‘pro-crypto’ candidates: ‘Are they in it for the right reasons?’

techcrunch.com

Vitalik Buterin, the co-founder of Ethereum, issued a warning on Wednesday against choosing a candidate purely based on whether they claim to be “pro-crypto.” In a blog post, Buterin said it’s more important to scrutinize a candidate’s…

22

InMobi eyes $10 billion valuation in 2025 India IPO

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Adtech startup InMobi is eyeing a valuation of about $10 billion in an initial public offering it is planning for next year.

19

A comprehensive list of 2024 tech layoffs

techcrunch.com

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi.…

18

US buyers spent $7.2B on the first day of Amazon’s Prime Day sales event

techcrunch.com

Adobe's report noted that consumers spent $7.2 billion on the first day as compared to $6.4 billion on the first day in 2023.