Tech News

A day after the SEC filed 13 charges against Binance and CEO Changpeng Zhao, as well as BAM Trading and BAM Management, it has requested a temporary restraining order to freeze assets for all of the parties involved, according to a filing on Tuesday. The filing shows that the motion was granted. The order is

Ceci Kurzman has spent much of her career building and investing in brands and serving as one of the few Black female board members for companies, including Lanvin, Revlon and Warner Music+. While investing on behalf of some clients interested in beauty and personal care, Kurzman saw a gap in what kinds of products were

Apple didn’t announce any significant AI updates during its Worldwide Developers Conference keynote today, but it did quietly roll out some minor computer vision upgrades with its latest iPhone software, iOS 17. In addition to now letting users turn their own photos into stickers by cutting out the subject of their photos, another new feature

Tomorrow’s the big day, and we’re expecting big things – well, one really big thing for sure. Apple will kick of WWDC 2023 at 10AM PT Monday June 5 with its customary keynote. As ever, the event will focus on the latest versions of the company’s operating systems, namely: iOS/iPadOS 17, macOS 14 and watchOS

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. Rebecca Bellan here, and yup, I’m still steering the ship. The biggest news this week has been Elon Musk’s visit to China, a move that has the potential to

YouTube was the slowest major platform to disallow misinformation during the 2020 U.S. election and almost three years later, the company will toss that policy out altogether. The company announced Friday that it would reverse its rules around election denialism, allowing some previously prohibited false claims, effective immediately. Axios first reported the changes. “In the

Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. This week, I explore how one VC is feeling about a big chunk of her portfolio pivot into AI. And I have some updates

All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla’s website. The EV tax credits were mandated by Congress last August as part of the Inflation Reduction Act, with the goal of ending U.S. reliance on China for batteries. The full $7,500 tax

On Monday, Apple is more than likely going to reveal its long-awaited augmented or mixed reality ‘Reality Pro’ headset during the keynote of its annual WWDC developer conference in California. It’s an announcement that has been tipped or teased for years now, and reporting on the topic has suggested that at various times, the project

PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors. Eight-year-old NestAway raised $115 million over the years and was valued at $227 million in a funding round in

Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. Although there are a lot of builders in the crypto space, the total money being invested into the crypto market has hit 32-month lows in May. Cryptocurrency monthly exchange volume, which calculates spot market volume across all crypto

Here comes yet more money for AI startups. Today, the Chinese search giant Baidu announced that it plans to establish a venture fund with 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications. Reuters, which reported the news earlier, said the company will also launch a competition for

By the time Howard Rheingold’s “Virtual Reality” was published in 1991, the Sensorama was already a “slowly deteriorating” relic stashed away in a cabana next the pool at its inventor’s West Los Angeles home. Rheingold describes awe — even surprise — that the system was still operable almost 30 years after its introduction. “I was

During Computex today, Dutch semiconductor giant NXP announced its i.MX 91, the latest processor from its i.MX 9 series of applications processors for industrial, medical, consumer and IoT use cases. During his keynote, NXP Secure Connected Edge executive vice president and general manager Rafael Sotomayor gave some details about the new processor. Features include an

Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by Stacy Blain, the co-founder and chief science officer at Concarlo Therapeutics. Blain talked about how she had been researching how to cure drug-resistant cancers before she accidently found her way into entrepreneurship after her academic

A cybersecurity firm says a popular Android screen recording app that racked up tens of thousands of downloads on Google’s app store subsequently began spying on its users, including by stealing microphone recordings and other documents from the user’s phone. Research by ESET found that the Android app, “iRecorder — Screen Recorder,” introduced the malicious

India’s JioCinema broke the global record for the most concurrent views to a live streamed event on Monday, eclipsing a long-standing milestone set by Disney’s Hotstar, as the Asian tycoon Mukesh Ambani spares no expense in expanding his digital empire. The Indian streaming app, whose partner includes James Murdoch’s Bodhi Tree-backed Viacom18, surpassed the record

Jensen Huang wants to bring generative AI to every data center, the Nvidia co-founder and CEO said during Computex in Taipei today. During the speech, Huang’s first public speech in almost four years he said, he made a slew of announcements, including chip release dates, its DGX GH200 super computer  and partnerships with major companies.

Techstars’ Kerty Levy knows a thing or two about where seed funding is, and where it might be going, in the Northeast. During a presentation at TechCrunch’s Early Stage in Boston last month, Levy took a brief look at deal counts and valuations before exploring in more depth what the obstacles to funding are right

Welcome, folks, to Week in Review (WiR), TechCrunch’s regular column that rounds up the week in tech news. Dunno about y’all, but it’s felt like a long one — and I’m thankful for the extended weekend. For those observing Memorial Day, do enjoy. Those not, take the time off where you’re able. We all need

Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. From cybersecurity to SaaS for restaurants, the key to running a successful business is selling a product that solves your clients’ real problems. —

This week, Worldcoin, an outfit that aims to serve as proof of personhood in a world where it’s harder by the day to distinguish a human from a bot, raised $115 million in Series C funding. Led by the 10-year-old venture firm Blockchain Capital, whose bets have included Coinbase, Kraken and OpenSea, the investment brings

After sales software startup TigerEye closed its Series A and established a board of directors, its co-founders put them on notice: One thing we’d like to never do is the three-hour, too-in-the-weeds, non-strategic board meeting. “Every board deck I’ve made and seen is more than 80 pages long,” says Tracy Young, co-founder and CEO of

OpenAI has expanded the availability of its ChatGPT app for iOS users in India and 32 other countries — just a week after its launching it in the U.S. The list of new countries include Algeria, Argentina, Azerbaijan, Bolivia, Brazil, Canada, Chile, Costa Rica, Ecuador, Estonia, Ghana, India, Iraq, Israel, Japan, Jordan, Kazakhstan, Kuwait, Lebanon,

South Korea’s economic model has for decades leaned on export-led manufacturing operated by family-owned corporate giants. A 2015 report from McKinsey outlined how the country would need small companies to drive an innovative model in preparation for the next phase of economic growth. “The key to fostering such innovation is a vibrant startup community. …

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. It’s able to write essays, code and more given short text prompts, hyper-charging productivity. But it also has a more…nefarious side. In any case, AI tools are not going away — and indeed has expanded dramatically since its launch just a few months ago.

Q1 2023 marks the first quarter Jumia’s new management implemented its strategy after riding out the blueprint of previous management in Q4 2022. The result? Jumia saw its losses decrease significantly: adjusted EBITDA loss dropped 51% year-over-year to $27 million, on track to meet the company’s end-of-year target of $100-120 million in adjusted losses. Similarly,

It was back in the Pandemic era of 2021 that we reported on the launch of Moonfire, at the time a $60 million “Fund I” seed-stage “data-driven” VC geared around the new world of remote working and remote pitching. It’s new $115 million fund-raise (“Fund II”) plans to continue what it calls its “data-driven” approach.

Peloton is revamping its workout app to offer users three different tiers, including a new free tier and an upscaled one that costs $24 per month. The company announced on Tuesday that it’s looking to rebrand as a fitness company for all, as opposed to being known as an in-home bike company. The first tier

JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as 9,900 more roles over the coming weeks, according to a report, as the Indian retail giant looks to improve its margins. The shakeup, reported by the Indian daily Economic Times, comes in the wake of JioMart’s