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Discord has become an unlikely center for the generative AI boom

​[[{“value”:” In the video, a crowd is roaring at a packed summer music festival. As a beat starts playing over the speakers, the performer finally walks onstage: It’s the Joker. Clad in his red suit, green hair and signature face paint, the Joker pumps his fist and dances across the stage, hopping down a runway to […] © 2024 TechCrunch….

Germany’s financial regulator ends anti-money laundering cap on N26 signups after $10M fine

​[[{“value”:” After the Wirecard scandal, Germany’s financial regulator BaFin started to look more closely at young fintech startups that wanted to grow at a rapid pace — it’s better to be safe than sorry. In particular, N26, a Berlin-based banking startup that raised hundreds of millions of euros and quickly became a unicorn, has had a […] © 2024 TechCrunch….

Kinnect’s new app aims to help families record and store generational memories

​[[{“value”:” A new startup called Kinnect aims to help people privately save generational memories, traditions, recipes and more. The company’s app, launched this month, lets people create invite-only spaces where they can share images, videos, audio, text and more with their entire family. Kinnect was founded in May 2023 by Omar Alvarez, an entrepreneur who has […] © 2024 TechCrunch….

With the EU AI Act incoming this summer, the bloc lays out its plan for AI governance

​[[{“value”:” The European Union has taken the wraps off the structure of the new AI Office, the ecosystem-building and oversight body that’s being established under the bloc’s AI Act. The risk-based regulatory framework for artificial intelligence is expected to enter into force before the end of July — following the regulation’s final approval by EU lawmakers […] © 2024 TechCrunch….

Relay raises $32.2 million to help smaller businesses manage their cashflow

​[[{“value”:” Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,” […] © 2024 TechCrunch….

Bootstrapped for over a decade, this Dallas company just secured $110M to help people pay bills by text

​[[{“value”:” Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, has secured $110 million in new growth funding. Edison Partners and StepStone Group co-led the equity portion of the raise while Stifel Venture Bank provided a lending facility, which made up less than 15% […] © 2024 TechCrunch….