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VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market

​[[{“value”:” VCs are clamoring to invest in hot AI companies, and willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to get into such deals at all. Yet small, unknown investors, including family offices and high-net-worth individuals, have found their own way to get shares of the […] © 2024 TechCrunch….

Deal Dive: How (Re)vive grew 10x last year by helping retailers recycle and sell returned items

​[[{“value”:” The fashion industry has a huge problem: Despite many returned items being unworn or undamaged, a lot, if not the majority, end up in the trash. An estimated 9.5 billion pounds of returns ended up in landfills in 2022 alone, according to data from return logistics software company Optoro. New York-based (Re)vive wants to help […] © 2024 TechCrunch….

You can no longer use Tumblr’s tipping feature 

​[[{“value”:” Tumblr officially shut down “Tips,” an opt-in feature where creators could receive one-time payments from their followers.  As of today, the tipping icon has automatically disappeared from all posts and blogs with the feature enabled. Creators that use the feature should note that June 15 is the last day they can withdraw money they received […] © 2024 TechCrunch….

This Week in AI: Can we (and could we ever) trust OpenAI?

​[[{“value”:” Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of recent stories in the world of machine learning, along with notable research and experiments we didn’t cover on their own. By the way, TechCrunch plans to launch an AI newsletter […] © 2024 TechCrunch….

Inside EV startup Fisker’s collapse: how the company crumbled under its founders’ whims

​[[{“value”:” An autonomous pod. A solid-state battery-powered sports car. An electric pickup truck. A convertible grand tourer EV with up to 600 miles of range. A “fully connected mobility device” for young urban innovators to be built by Foxconn and priced under $30,000. The next Popemobile. Over the past eight years, famed vehicle designer Henrik Fisker […] © 2024 TechCrunch….