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The Latest Breaking News from TechCrunch

Bill Gates, Reid Hoffman‑Backed iRocket Will Go Public In $400M SPAC Deal With Wilbur Ross's Firm–Shockwave Rocket Sets 2027 Launch

In a move that feels like science fiction come to life, Innovative Rocket Technologies Inc., the small New York launch startup backed by Bill Gates, Reid Hoffman, and Eric Schmidt through Village Global, announced on June 2 that it is gearing up for a $400 million special purpose acquisition company merger…

Benzinga

'Amazon, It Has A Lot Of Strategic Value For Us' — Lumotive Scores $59M With Backing From Amazon, Oman's ITHCA Group

When Amazon (NASDAQ:AMZN) writes a check to a startup, headlines follow. The excitement rises further when Bill Gates' Gates Frontier investment arm is already on the cap table.

Benzinga

From Meta's $800 Million Offer To LG Deal: How FuriosaAI Became South Korea's AI Chip Disruptor

South Korean AI chip startup FuriosaAI turned down a reported $800 million acquisition offer from Meta (NASDAQ:META) in order to remain independent and build its own AI hardware mission‑driven business, TechCrunch reports.

Benzinga

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Google confirms the UK has not asked it to weaken encryption with a backdoor – unlike Apple

Google has just confirmed that the UK hasn't asked it to weaken its end-to-end encryption by installing a backdoor. Apple wasn't so lucky, though.

TechRadar

Tech CEO Stunned to Learn 'Impressive' Software Engineer Is Working Remotely — From Prison

A tech CEO was stunned to learn his 'impressive' new software engineer, Preston Thorpe, was working remotely from prison.

International Business Times UK

Meet Bee: The $49 AI Wearable Amazon Just Bought That Hears Everything You Say

Amazon (NASDAQ:AMZN) has agreed to acquire Bee, a San Francisco startup behind a $49.99 AI wristband that listens to conversations, transcribes speech, and generates personalized reminders, summaries, and to-do lists, according to media reports.

Benzinga

Microsoft Is Betting Big On A Startup That Injects Human And Animal Waste Into Rocks To Offset 14.9M Tons Of Emissions

Microsoft (NASDAQ:MSFT) is under pressure to deliver on its ambitious climate pledge, and it’s now placing a massive bet on a startup that literally buries waste to fight carbon pollution. Carbon removal startup Vaulted Deep on July 17 announced a 12-year agreement with the tech giant to permanently eliminate 4.9…

Benzinga

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Amazon Buys Into AI Wearables: Meet Bee, The Company That Listens And Records Your Conversations

Ecommerce giant Amazon.com Inc. (NASDAQ:AMZN) is buying an AI-related wearable company in its latest push for growth in the artificial intelligence sector.

Benzinga

Faraday Future's Latest Plan: Sell This China-Style ‘AI EV' Van To Celebrities

The company revealed its most ambitious product just days after the SEC warned its executives about an upcoming enforcement action.

InsideEVs

OpenAI Hires Entire Team From AI Startup Backed By Shopify And Radical Ventures 'To Ensure AGI Benefits All Of Humanity'

After raising more than $13.5 million and spending eight years building personalized AI shopping technology, the entire team behind startup Crossing Minds is now joining OpenAI, TechCrunch reports.

Benzinga

Rivian CEO Joins Bezos & Gates Divorce Club—Voting Power Slashed Before R2 Debut

Rivian Automotive (NASDAQ:RIVN) ownership looks different going forward as the company's founder RJ Scaringe had to transfer part of his stake in the electric vehicle company as part of a divorce settlement.

Benzinga

How 1 Rocket Engineer's Vegetarian Engine Could Capture 99% Of CO2 Emissions

Carbon removal buyer coalition Frontier has committed $41 million to climate tech startup Arbor Energy to scale a rocket-inspired biomass power plant that captures 99% of its carbon emissions. Frontier announced last week that the deal will support Arbor's first commercial facility in southern Louisiana and aims to remove 116,000…

Benzinga

OpenAI Postpones Open Model Release Indefinitely: 'We Need Time,' Says Sam Altman

OpenAI CEO Sam Altman announced on Friday that the company is delaying the release of its open model, which had already been postponed earlier this summer.

Benzinga

'Success Is Not Guaranteed' — Biographer Keach Hagey Says Sam Altman's Future At OpenAI Hangs On A Deal-Maker's Luck And Instability

"Success is not guaranteed," Wall Street Journal reporter Keach Hagey told TechCrunch in an interview last month. Her recently released biography, "The Optimist," tracks Sam Altman from St. Louis coder to OpenAI CEO.

Benzinga

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Benzinga

Forget Big Tech: This VC Is Betting $100M on AI That Serves 30M Neglected Small Businesses

Artificial intelligence is poised to transform labor-heavy industries such as consulting, accounting, and legal services—sectors worth an estimated $5 trillion globally—by enabling software-like margins and reducing dependence on human labor, Mayfield Managing Director Navin Chaddha told TechCrunch.

Digital Camera World

If the Facebook app wants Meta’s AI to access my iPhone's camera roll, I might just delete it in protest

I won’t grant Meta’s AI access to my phone’s image library – I think it's a breach of my privacy and creative autonomy

Benzinga

This $11.5M Startup Backed By Niklas Zennström Wants To Help You Launch A Million-Dollar AI Business From Your Sofa

Henrik Werdelin, co-founder of BarkBox and longtime startup advisor, has launched a new venture named Audos, which recently raised $11.5 million in seed funding led by True Ventures. Other investors include Offline Ventures, Bungalow Capital, and notable angel investors Niklas Zennström and Mario Schlosser, TechCrunch reports.

TechRadar

One of the biggest ransomware gangs around is shutting down - but is it for good?

Hunters International says it's quitting ransomware for good - but not everyone believes them.

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Tom’s Guide

Catwatchful child monitoring app is actually spyware that leaked user data online — how to stay safe

Designed to operate invisibly in the background this stalkerware is a security risk that just became a data breach

Benzinga

'Cheat On Everything': Viral AI Startup Cluely Lands $15M From Andreessen Horowitz After Its CEO Was Suspended From Columbia

Cluely, the controversial AI startup originally built to help users “cheat on everything," has raised $15 million in a new funding round led by venture capital powerhouse Andreessen Horowitz, co-founder Chungin “Roy” Lee announced on X on June 20.

PC Gamer

Getty drops primary claims against Stable Diffusion in AI lawsuit after 'failing to establish a sufficient connection between the infringing acts and the UK jurisdiction for copyright law to bite'

They still have the seocondary infringements against the AI model itself to take to court.

Benzinga

From Shopify To Polar: Birk Jernström Raises $10M To Help Devs Build AI-Driven One-Person Unicorns, Backed By Startup Giants

Birk Jernström, the founder of Polar and former head of product at Shopify's (NASDAQ:SHOP) Shop app, has raised a $10 million seed round to fuel a platform built for solo developers aiming to scale globally. Polar announced the round on Thursday, which was led by Accel and joined by prominent…

International Business Times

Nothing Phone 3 Launches in the US This July

The Nothing Phone 3 will be sold in the US starting July, available only through Amazon and Nothing.com, with no carrier partnerships or financing.

Android Central

Nothing doubles down on Phone 3 availability in the US and Canada

Nothing's next flagship Phone 3 will be generally sold in the U.S. and Canadian markets.

TechRadar

Google has fixed an issue that could have revealed your phone number to anyone - here's what you need to know

Exposing a person's phone number could result in different security and privacy risks, experts warn.

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