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Prince Harry and Meghan Markle are slamming Meta over its fact-checking policy
Prince Harry and Meghan Markle have joined the ranks of those displeased with Meta’s changes to fact-checking and have released a statement saying that the changes “directly underminds free speech.” “Meta’s changes to its ‘Hateful Content Policies’ do not protect free expression but instead foster an environment where abuse and hate speech silence and threaten…
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Top New York VC Ben Lerer says more mid-sized VC firms are heading for failure
Ben Lerer, managing partner of one of New York’s most prestigious seed-stage venture firms, Lerer Hippeau, shared some predictions with Fortune’s Leo Schwartz. He believes venture firms will continue to see a bifurcation as money pours mostly into top funds like Thrive and a16z, as well as into smaller more bespoke funds. “Where you go…
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The first AI chip startup to go public in 2025 will be Blaize
Blaize, an AI chip manufacturer founded by former Intel engineers, is set to IPO on the NASDAQ on January 14. © 2024 TechCrunch. All rights reserved. For personal use only.
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A new campaign aims to safeguard social media from billionaires using Bluesky’s underlying tech
As Elon Musk and Mark Zuckerberg continue to reshape the social media space, a group of international tech entrepreneurs and advocates has launched a campaign to protect social media from the control and influence of billionaires. The initiative, Free Our Feeds, aims to protect Bluesky’s underlying technology, the AT Protocol, and leverage it to create…
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Raspberry AI raises $24M from a16z to accelerate fashion design
The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M and Zara update their collections continuously. To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to accelerate their design process. Raspberry…
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A 24-year-old who exited his first company to Coinbase, raises $3M for his next venture
At 24 years old, Pryce Yebesi already has one exit: selling his crypto invoicing company Utopia Labs to Coinbase for an undisclosed amount. Some founders don’t just have one company in them. On Monday, Yebesi announced the launch of his new company, Open Ledger, which embeds automated accounting software into products enterprises and small businesses…
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Clearwater agrees to buy investment management platform Enfusion for $1.5B
Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of…
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Biden administration proposes sweeping new restrictions on exporting AI chips
With a week left in office, President Joe Biden introduced a new set of guidelines and restrictions for exporting U.S.-made AI chips. On Monday the administration announced its Interim Final Rule on AI diffusion. This ruling is meant to “provide clarity to allied and partner nations about how they can benefit from AI” and streamline…
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Biden admin snubs Tesla’s $100 million big-rig charging funding request — again
The Department of Transportation announced Friday another $636 million in funding that will be awarded to 49 applicants for electric vehicle charging infrastructure — and Tesla’s application for nearly $100 million to fund a big rig charging corridor was once again passed over. Tesla’s name was not among the list of recipients released, and its partner…
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Xiaohongshu, China’s answer to Instagram, hits no. 1 on the App Store as TikTok faces US shutdown
On the heels of TikTok’s looming shut down on January 19 over its ownership in the U.S. (unless the Supreme Court intervenes), it looks like another Chinese app is catching some attention. American users are flocking Chinese short-form video app Xiaohongshu (known as RedNote in English). The app today surged to the number-one spot for…