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Hugging Face settles suit with AI startup FriendliAI, which had accused it of patent infringement
Hugging Face, the AI developer platform, has settled a lawsuit against Korean AI startup FriendliAI, which had accused Hugging Face of infringing on one of its patents. Per a filing on Friday in the U.S. District Court for the Northern District of Delaware, FriendliAI reached a “confidential agreement” with Hugging Face on January 8 and…
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Shein is still looking to IPO
Shein is still looking to IPO, Reuters reports. The company is looking to list on the London Stock Exchange (LSE) and could complete its IPO as early as April. The push for London comes after the company stopped trying to list in the U.S. as lawmakers raised concerns over the company’s connections to China and…
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Meta eliminates DEI programs
Axios reports that Meta is eliminating its biggest DEI efforts, effective immediately, including ones that focused on hiring a diverse workforce, training, and sourcing supplies from diverse-owned companies. Its DEI department will also be eliminated. In a memo leaked to the outlet, Meta said it was making these changes because the “legal and policy landscape…
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January almost had its first pentacorn, and other startup news
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. The second week of the year is usually a busy one for startup news, and 2025 is no exception. From CES product launches to M&As and funding…
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EU approves $35B Synopsys and Ansys merger, subject to divestment conditions
The European Commission (EC) has given the greenlight for Synopsys to acquire Ansys, though the companies must sell-off various software products as part of the proposed remedies. Chip design software maker Synopsys revealed last January its plans to acquire Ansys, a simulation software developer that helps engineers model and analyze the physical behavior of products, such as chips,…
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Overhaul raises another $55M to help companies like Dyson and Microsoft fight supply chain theft
Businesses dependent on the physical supply chain — the network of facilities and transportation systems used to move materials from one location to another — face a number of challenges, from staff shortages to increasing customer expectations. The pressures aren’t easing up. According to a survey from Prologis, a real estate investment trust, two-thirds of…
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The new Atari handheld knows its market
CES isn’t much of a gaming show. Every year, however, a few notable products slip through the news deluge. Created in collaboration with My Arcade, Gamestation Go fits the bill. The handheld sports a 7-inch display and comes preloaded with north of 200 titles from various Atari generations. Of course, simply being a portable game…
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TikTok pleads its case against sell-or-ban law before Supreme Court
A lawyer for TikTok argued before the Supreme Court on Friday that a ban on the social network would violate TikTok’s and Americans’ First Amendment rights. The Supreme Court this morning heard arguments on whether to overturn or delay a law that could effectively ban TikTok in the U.S. The bill, officially titled the Protecting…
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US government charges operators of crypto mixing service used by North Korea and ransomware gangs
Three Russian citizens were charged with money laundering for their role in operating Blender.io and Sinbad.io crypto mixing services. © 2024 TechCrunch. All rights reserved. For personal use only.
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China hacked US Treasury’s CFIUS, which reviews foreign investments for national security risks
The hackers targeting the Treasury are dubbed Silk Typhoon, and previously mass-hacked thousands of corporate email servers. © 2024 TechCrunch. All rights reserved. For personal use only.