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Guo’s Conviction Partners adds Mike Vernal as GP, raises $230M fund

​[[{“value”:” When in mid-2022 Sarah Guo left Greylock to launch her own AI-focused fund, Conviction Partners, she indicated that she was tagging the word “Partners” to the firm’s name because she would eventually bring on other GPs. Now, more than two years later, Guo is being joined by Mike Vernal, who was a partner at Sequoia […] © 2024 TechCrunch….

Anthropic CEO Dario Amodei is trying to duck a deposition in an OpenAI copyright lawsuit

​[[{“value”:” Anthropic CEO Dario Amodei is trying to avoid being deposed in a copyright lawsuit against OpenAI, according to new court filings. In response, lawyers for the plaintiff — the Authors Guild — have filed a motion to compel testimony from Amodei and his Anthropic co-founder, Benjamin Mann. Authors Guild’s lawyers claim that Amodei and Mann, […] © 2024 TechCrunch….

CFPB fines fintech Wise, alleging it charged deceptive fees

​[[{“value”:” The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company […] © 2024 TechCrunch….

Stablecoins are finding product market fit in emerging markets

Stablecoins are finding product market fit in emerging markets

​[[{“value”:” Five years ago, SpaceX launched Starlink, which has since grown into its biggest revenue driver, expanding to over 100 countries. But as Starlink scaled, it faced a major hurdle: accepting payments in developing markets, where traditional banking infrastructure is unreliable, slow, and prone to blocking transactions. Many local banks across Africa, Latin America and Asia […] © 2024 TechCrunch….

This investor wants you to sign an NDA to build Legos together

This investor wants you to sign an NDA to build Legos together

​[[{“value”:” Investor, former GitHub CEO, and all around Tech Guy™ Nat Friedman has posted a strangely enticing offer on X. His post reads, “Need volunteers to come to my office in Palo Alto today to construct a 5000 piece Lego set. Will provide pizza. Have to sign NDA. Please DM.” Thanks to the investigative reporting of […] © 2024 TechCrunch….

Sam Altman’s ousting from OpenAI has entered the cultural zeitgeist

​[[{“value”:” The lights dimmed as five actors took their places around a table on a makeshift stage in a New York City art gallery turned theater for the night. Wine and water flowed through the intimate space as the house — packed with media — sat to witness the premiere of “Doomers,” Matthew Gasda’s latest play […] © 2024 TechCrunch….