[[{“value”:” When former YouTube product manager Kevin Xu, known as “Sir Jack A Lot” on Reddit, turned $35,000 into $8 million trading stocks between 2020 and 2022, many people thought his fortunes, and his way of investing, had peaked, just like 2021’s memestock craze had. Xu doesn’t agree, though, and he’s now building a startup for […] © 2024 TechCrunch….
What does ‘open source AI’ mean, anyway?
[[{“value”:” The Open Source Initiative is trying to address the debate stirring around the notion of “open-source AI.” © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
The fight over Fisker’s assets is already heating up
[[{“value”:” Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets “outside the court’s supervision.” At issue is the relationship between Fisker and its largest secured lender, Heights Capital Management, an affiliate of financial services company […] © 2024 TechCrunch….
Hacker claims to have 30 million customer records from Australian ticket seller giant TEG
[[{“value”:” A hacker is advertising customer data allegedly stolen from the Australia-based live events and ticketing company TEG on a well-known hacking forum. On Thursday, a hacker put up for sale the alleged stolen data from TEG, claiming to have information of 30 million users, including the full name, gender, date of birth, username, hashed passwords, […] © 2024 TechCrunch….
Tesla makes Musk best-paid CEO of all time and Fisker bites the dust
[[{“value”:” Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Elon Musk just convinced Tesla shareholders to approve his $56 billion pay package, making him the highest-paid CEO in history — assuming he can dodge a […] © 2024 TechCrunch….
Dot’s AI really, really wants to get to know you
[[{“value”:” Dot is a new AI companion and chatbot that thrives on getting to know your innermost thoughts and feelings. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
E-fuels startup Aether Fuels is raising $34.3 million, per filing
[[{“value”:” The e-fuels startup is working on producing fuel for aviation and maritime shipping using carbon dioxide and other waste carbon streams. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Fisker faced financial distress as early as last August
[[{“value”:” Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week. The admission provides a clearer picture of Fisker’s troubles in 2023 as it struggled to ramp up deliveries of its flagship Ocean SUV, despite CEO […] © 2024 TechCrunch….
Cruise clears key hurdle to getting robotaxis back on roads in California
[[{“value”:” Cruise, the self-driving subsidiary of General Motors, has agreed to pay a $112,500 fine for failing to provide full information about an accident involving one of its robotaxis last year. The settlement with the California Public Utilities Commission (CPUC) not only avoids litigation, it puts Cruise in a position to restart operations in the state. […] © 2024 TechCrunch….
Pitch Deck Teardown: Feel Therapeutics’ $3.5M seed deck
[[{“value”:” Feel Therapeutics has a pretty original deck, with some twists we rarely see; the company did a great job telling the overall story. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]