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Blue Water Autonomy Unveils Plans for Captain-less Naval Ships

Blue Water Autonomy Unveils Plans for Captain-less Naval Ships

Blue Water Autonomy, a new ship-building startup from Boston, has emerged from stealth mode, revealing its ambitious goal of creating autonomous naval vessels. The company has secured $14 million in seed funding from investors including Eclipse VC and Riot. Founded in 2024 by ex-U.S. Navy members and leaders from Amazon Robotics, Blue Water Autonomy is capitalizing on the surge in defense tech investment. With a full-stack autonomy suite and ongoing salt-water testing of a 100-ton test vessel, the startup aims to revolutionize maritime operations. The funding will facilitate team expansion and accelerate testing efforts.

Created at: April 11, 2025 7:00pm

Ireland Investigates X for Misuse of European User Data in AI Training

Ireland Investigates X for Misuse of European User Data in AI Training

Ireland's Data Protection Commission has launched an investigation into Elon Musk's X regarding the use of personal data from European users to train its AI chatbot, Grok. The inquiry focuses on how X processes publicly accessible posts for AI model training. Previously, X had opted in users to share their data with xAI, Musk's AI company. The DPC has a history of imposing significant fines, including nearly 3 billion euros on Meta. The investigation follows a court order last year to restrict X from processing such data under GDPR regulations.

Created at: April 11, 2025 5:00pm

Last Chance to Exhibit at TechCrunch Sessions: AI Before Tables Sell Out!

Last Chance to Exhibit at TechCrunch Sessions: AI Before Tables Sell Out!

TechCrunch Sessions: AI is set for June 5 at UC Berkeley, bringing together over 1,200 leaders, investors, and innovators in the AI sector. Exhibit tables are nearly sold out, offering a prime opportunity for brands to showcase their groundbreaking products to key decision-makers. Exhibitors will gain visibility, establish authority, and connect with potential partners and clients. The deadline to secure a table is May 9 or until sold out. Don't miss this chance to elevate your brand in the booming AI community.

Created at: April 11, 2025 2:30pm

Dropbox's CCO Eric Cox to Step Down Amid Company Restructuring

Dropbox's CCO Eric Cox to Step Down Amid Company Restructuring

Dropbox's Chief Customer Officer, Eric Cox, will resign according to a recent SEC filing. Cox, who joined Dropbox in November 2023 from Vimeo, will assist during the transition before continuing as a non-executive employee until mid-August. The company has been struggling with slowing revenue growth and recently announced a 20% workforce reduction. Despite these challenges, Dropbox is focusing on AI advancements, especially with its updated Dropbox Dash tool designed for enterprises. The company aims to enhance its product offerings as it navigates this transition.

Created at: April 11, 2025 1:30pm

Startups Weekly: Funding Trends Reflecting Societal Health

Startups Weekly: Funding Trends Reflecting Societal Health

In this week's Startups Weekly, funding news diverged from the broader news cycle, giving startups a moment to strategize on investments in planetary health. Notable developments include former OpenAI CTO Mira Murati's new AI venture, Thinking Machines Lab, and OpenAI's potential $500 million acquisition of io Products. Meanwhile, Deel faces controversy with its head of communications departure, and Colossal Biosciences' claims about the dire wolf are disputed. In funding, Nuro raised $106 million, while Base Power secured $200 million, indicating a robust startup ecosystem despite market fluctuations.

Created at: April 11, 2025 11:30am

Microsoft Secures Major Carbon Removal Deal with CO280

Microsoft Secures Major Carbon Removal Deal with CO280

Microsoft has signed a deal to acquire 3.7 million metric tons of carbon removal credits from CO280, focusing on emissions from a Gulf Coast pulp and paper mill. This initiative aims to support Microsoft's goal of becoming carbon-negative by 2030, as the company currently emits 17.1 million metric tons of greenhouse gases. The carbon capture project, set to begin in 2028, is projected to remove about 40% of the mill's biogenic CO2. CO280 plans further expansions, and the deal is expected to enhance the financial viability of participating paper mills.

Created at: April 11, 2025 11:00am

StrictlyVC London Set to Ignite Venture Capital Conversations

StrictlyVC London Set to Ignite Venture Capital Conversations

StrictlyVC London is scheduled for May 13, promising an exclusive event for founders, entrepreneurs, and investors. Confirmed speakers include Nazo Moosa from Paladin Capital Group and Sonali De Rycker of Accel, both renowned for their expertise in venture capital. The event aims to foster high-value connections and deep insights into the VC landscape. Attendees can expect meaningful discussions and networking opportunities with industry leaders. Seats are limited, emphasizing the event's exclusivity and potential impact on attendees' ventures.

Created at: April 11, 2025 7:00am

Lucid Motors Surprises with Win in Nikola Bankruptcy Auction

Lucid Motors Surprises with Win in Nikola Bankruptcy Auction

Lucid Motors has unexpectedly secured the Arizona factory and assets of bankrupt electric trucking company Nikola, committing around $30 million. This acquisition includes Nikola's headquarters lease, machinery, and inventory. Lucid plans to offer positions to approximately 300 former Nikola employees. The move is surprising as Lucid primarily focuses on passenger EVs, while Nikola specializes in hydrogen-powered vehicles. Nikola’s founder, Trevor Milton, attempted to bid on the assets but was blocked by the court. Objections to the sale can be filed until noon ET on April 11, with a hearing scheduled for later that day.

Created at: April 11, 2025 3:30am

Stripe CEO Promotes Customer Engagement Strategy in Management Meetings

Stripe CEO Promotes Customer Engagement Strategy in Management Meetings

Stripe co-founder Patrick Collison revealed that the fintech company invites customers to participate in management meetings bi-weekly for candid feedback. This initiative aims to generate fresh insights among Stripe's leaders, despite already existing feedback mechanisms. The company's valuation has reached $91.5 billion, showcasing its significant growth and influence in the fintech space. Collison's recent letter highlighted a 38% increase in payment volume to $1.4 trillion in 2024. While some smaller businesses feel overlooked, others praised the strategy, with Elon Musk endorsing the approach on social media.

Created at: April 10, 2025 11:00pm

Yahoo Removes DEI Pages Amid Policy Changes

Yahoo Removes DEI Pages Amid Policy Changes

Yahoo has taken down several sections related to diversity, equity, and inclusion (DEI) from its corporate website, redirecting users to its executive leadership page. The changes occurred between December 2024 and January 2025, coinciding with a redesign aimed at simplifying navigation. This move aligns with a broader trend among U.S. companies as the Trump administration pressures businesses to scale back DEI initiatives. Other tech giants like Google and Meta have also removed DEI references recently. Yahoo's spokesperson stated the revamp reduced website content by nearly 60%.

Created at: April 10, 2025 9:30pm

Amazon's CEO Advocates for Aggressive AI Investments to Secure Future Returns

Amazon's CEO Advocates for Aggressive AI Investments to Secure Future Returns

In his annual letter to shareholders, Amazon CEO Andy Jassy urged companies to invest significantly in AI to capitalize on future financial gains. Jassy emphasized that substantial capital is necessary to keep pace with AI innovation and meet customer demand. He revealed that Amazon plans to allocate over $100 billion towards capital expenditures in 2025, with a primary focus on AWS AI capabilities. Jassy also discussed the cost dynamics of AI infrastructure, predicting that prices for AI chips will decrease over time. Currently, Amazon is developing over 1,000 generative AI applications, with revenue growth accelerating at triple-digit rates.

Created at: April 10, 2025 4:30pm

Polestar EV Sales Surge 76% in Q1 Amid Discounts Targeting Tesla Owners

Polestar EV Sales Surge 76% in Q1 Amid Discounts Targeting Tesla Owners

Polestar, the Swedish electric vehicle manufacturer, reported a remarkable 76% increase in first-quarter sales, moving 12,304 cars compared to 6,975 in Q1 2024. This surge is attributed to strategic discounts aimed at attracting Tesla drivers, including a $5,000 offer for leasing the Polestar 3. CEO Michael Lohscheller expressed confidence in the company's adaptive sales strategies amid a competitive market. Additionally, Polestar announced the termination of its joint venture in China to refocus its strategy while remaining committed to the Chinese market. The impacts of these changes on profitability remain to be seen.

Created at: April 10, 2025 2:30pm

Inventex Founder Daniel Ruskin Aims to Transform Patent Applications with AI

Inventex Founder Daniel Ruskin Aims to Transform Patent Applications with AI

Daniel Ruskin, a former Coinbase engineer, has launched Inventex, a startup that seeks to streamline the patent application process using AI and licensed attorneys. Founded in December 2024, the Salt Lake City-based company promises to expedite patent filings significantly, reportedly achieving results in days instead of months. After raising $2.4 million in pre-seed funding, Inventex is gaining traction with its innovative approach, which combines technical expertise and legal oversight. Ruskin believes this model can revolutionize patent law, making it more accessible for innovators and startups.

Created at: April 10, 2025 2:30pm

Waymo Launches Driverless Car Tests in Japan Next Week

Waymo Launches Driverless Car Tests in Japan Next Week

Waymo, Alphabet's autonomous vehicle division, is set to begin testing its driverless cars on public roads in Japan next week. This marks the company's first foray outside the U.S., aimed at adapting its technology to Tokyo's unique urban challenges. Collaborating with local taxi operator Nihon Kotsu, Waymo plans to gather crucial mapping data in high-density areas like Shibuya and Shinjuku. Although there are no immediate plans for a commercial robotaxi service, the trials are a significant move toward global expansion. Waymo emphasizes safety and community engagement in this new market.

Created at: April 10, 2025 7:00am

Solid, the 'AWS of Fintech', Files for Chapter 11 Bankruptcy

Solid, the 'AWS of Fintech', Files for Chapter 11 Bankruptcy

Solid, a banking-as-a-service startup, has filed for Chapter 11 bankruptcy after raising nearly $81 million since its founding in 2018. Once valued at $330 million, the company struggled to secure additional capital and faced costly litigation, including a lawsuit from its Series B investor, FTV Capital. Co-founder Arjun Thyagarajan expressed optimism about a court-supervised sale process. Solid's financial woes have left it with approximately $7 million in cash and only three employees. The company aims to restructure while continuing operations during this process.

Created at: April 9, 2025 11:30pm

Google Joins Anthropic's AI Standard for Enhanced Model Connectivity

Google Joins Anthropic's AI Standard for Enhanced Model Connectivity

In a significant move for the AI industry, Google announced its support for Anthropic’s Model Context Protocol (MCP) to enhance connectivity between AI models and data systems. This decision follows OpenAI's recent endorsement of the same standard. Google DeepMind CEO Demis Hassabis highlighted MCP's potential as an emerging open standard for AI development. The protocol facilitates two-way data connections, enabling developers to create dynamic applications, such as chatbots. Several companies, including Block and Apollo, have already integrated MCP into their platforms, signaling a growing trend in AI interoperability.

Created at: April 9, 2025 11:30pm

Teen Founder Turns Setback into Triumph with Sequoia's Support

Teen Founder Turns Setback into Triumph with Sequoia's Support

Ethan Thornton, a 21-year-old founder of Mach Industries, has secured over $80 million as Sequoia Capital's first defense tech investment. After a hydrogen gun prototype explosion injured a team member, Thornton emphasized the lack of safety resources. Following this incident, Mach paused operations until securing funding from Sequoia. The startup has since pivoted from hydrogen to developing advanced weapons, including a cruise missile and a bomb named 'Glide.' With a U.S. Army contract in hand, Mach is also planning a decentralized factory network, showcasing its strong relationship with the federal government.

Created at: April 9, 2025 11:30pm

Meta Whistleblower Reveals Targeting of Teens Based on Emotional State

Meta Whistleblower Reveals Targeting of Teens Based on Emotional State

In a recent testimony, former Meta Director Sarah Wynn-Williams accused the company of targeting advertisements at teenagers based on their emotional conditions. During the Senate hearing, she highlighted that Meta exploited vulnerable emotions to enhance ad effectiveness, particularly aiming ads at teens feeling down or insecure. Wynn-Williams noted that even internal discussions showed awareness of the ethical implications, as executives often restricted their own children from using the platform. Meta has denied these allegations, claiming they are unfounded and misleading. The hearing also touched on Meta's broader interactions with China.

Created at: April 9, 2025 10:00pm

Canoo CEO Cleared to Acquire Bankrupt EV Startup's Assets

Canoo CEO Cleared to Acquire Bankrupt EV Startup's Assets

A judge has approved Canoo CEO Anthony Aquila's acquisition of the bankrupt EV startup's assets for approximately $4 million. Despite objections regarding the fairness of the sale process, Judge Brendan Shannon ruled that no other bids were made. Aquila aims to continue offering services to former clients like NASA and the Department of Defense. The case highlights ongoing challenges in the EV sector, with several startups facing bankruptcy. Canoo's situation is further complicated by legal disputes over trade secrets with rival Harbinger, which objects to the sale's terms.

Created at: April 9, 2025 7:00pm

Ilya Sutskever's AI Startup Partners with Google Cloud for Revolutionary Research

Ilya Sutskever's AI Startup Partners with Google Cloud for Revolutionary Research

Ilya Sutskever, co-founder of OpenAI, has launched his AI startup, Safe Superintelligence (SSI), in partnership with Google Cloud. SSI will utilize Google Cloud’s TPU chips to enhance its AI research aimed at developing safe superintelligent systems. This collaboration positions SSI as a significant player in the AI sector, with backing from high-profile investors like Andreessen Horowitz and Sequoia Capital. Despite limited public updates since its stealth launch in June 2024, SSI's mission remains clear: to innovate in the field of safe AI technology.

Created at: April 9, 2025 7:00pm

Court Document Exposes Global Targeting of WhatsApp Users by NSO Spyware

Court Document Exposes Global Targeting of WhatsApp Users by NSO Spyware

A recent court document reveals that NSO Group's Pegasus spyware targeted 1,223 WhatsApp users across 51 countries during a 2019 hacking campaign. This information comes from a lawsuit filed by WhatsApp against NSO Group, highlighting the scale of the surveillance, which included over 100 human rights activists and journalists. Mexico had the highest number of victims, followed by India and Bahrain. The document also sheds light on the financial aspects of NSO Group's operations, with Mexico reportedly spending over $60 million on their spyware. The upcoming hearing will determine the damages NSO Group must pay to WhatsApp.

Created at: April 9, 2025 6:30pm

Kalshi CEO Defends Sports Betting Operations Against State Lawsuits

Kalshi CEO Defends Sports Betting Operations Against State Lawsuits

Kalshi, a prediction market startup, has filed lawsuits against New Jersey and Nevada, arguing that state gaming laws do not apply to its federally regulated platform. CEO Tarek Mansour emphasized their federal licensing during a StrictlyVC event, stating that state regulators are motivated by a casino lobby's dissatisfaction. Recently, Kalshi won a legal victory in Nevada, allowing it to continue operations there. The startup, valued at $787 million, aims to establish itself in the sports betting market, leveraging its unique prediction markets that offer insights into events like political outcomes and sports results.

Created at: April 9, 2025 5:00pm

Anthropic Launches $200/Month Claude Subscription to Compete with ChatGPT Pro

Anthropic Launches $200/Month Claude Subscription to Compete with ChatGPT Pro

Anthropic has introduced a new subscription plan for its AI chatbot, Claude, named Max, with options priced at $100 and $200 per month. This offering provides users with significantly higher usage limits compared to its previous $20 Claude Pro plan. The launch aims to enhance revenue streams amidst rising competition in the AI sector, particularly against OpenAI’s ChatGPT Pro. Anthropic's product lead indicated potential for even pricier subscription tiers in the future. The company is also developing Claude for Education targeting universities. User feedback will shape future product directions.

Created at: April 9, 2025 5:00pm

TechCrunch Sessions: AI to Gather 1,200 Innovators in Berkeley

TechCrunch Sessions: AI to Gather 1,200 Innovators in Berkeley

TechCrunch Sessions: AI is set for June 5, 2025, at UC Berkeley, bringing together 1,200 leaders from the AI sector. The event promises insightful discussions led by notable figures like Jared Kaplan and Ion Stoica, focusing on AI advancements and ethical considerations. Attendees will also witness startup pitches, breakout sessions, and networking opportunities designed for founders and investors alike. Early Bird tickets are available, offering discounts for teams. This event marks a significant return to topic-focused gatherings in the rapidly evolving AI landscape.

Created at: April 9, 2025 2:30pm

Tessell Secures $60M to Transform Data Management with AI

Tessell Secures $60M to Transform Data Management with AI

Tessell, a startup specializing in multi-cloud database management, has raised $60 million in funding led by WestBridge Capital. The company aims to revolutionize operational data management by launching an AI-powered conversational database service. With a focus on flexibility and cost-efficiency, Tessell claims to deliver up to 10x performance improvements compared to traditional database services. The four-year-old startup is expanding its market reach, including plans to enter Europe and Asia-Pacific. Tessell currently supports major cloud providers and database engines, with 40 customers, primarily in India.

Created at: April 9, 2025 2:30pm

Google Workspace Introduces AI Automation Flows and New Features

Google Workspace Introduces AI Automation Flows and New Features

Google has unveiled significant updates to its Workspace productivity suite, including the launch of Workspace Flows, which automates multi-step processes using AI. This feature allows users to create complex workflows with simple commands and integrates with third-party tools. Additional enhancements include podcast-style summaries in Google Docs, new analytical features in Google Sheets, and automated note-taking in Google Meet. These updates aim to enhance user experience and make Workspace a more competitive, AI-driven platform, in light of its rivalry with Microsoft 365.

Created at: April 9, 2025 12:30pm

Google Unveils Ironwood: The Next Generation AI Accelerator Chip

Google Unveils Ironwood: The Next Generation AI Accelerator Chip

At the Cloud Next conference, Google introduced Ironwood, its latest TPU AI accelerator chip optimized for inference. This seventh-generation chip will launch later this year in two configurations, significantly boosting AI model performance. Google Cloud VP Amin Vahdat highlighted Ironwood's energy efficiency and enhanced processing capabilities, delivering 4,614 TFLOPs of computing power. The chip features specialized cores for advanced data processing, and Google plans to integrate it with its AI Hypercomputer. As competition intensifies, Ironwood positions Google against rivals like Nvidia, Amazon, and Microsoft in the AI accelerator market.

Created at: April 9, 2025 12:30pm

Lyst Acquired by Japan's Zozo for $154M Amid E-Commerce Challenges

Lyst Acquired by Japan's Zozo for $154M Amid E-Commerce Challenges

Lyst, the high-end fashion marketplace once valued at $700 million, has been acquired by Japan's Zozo for $154 million in cash. The acquisition allows Zozo to expand its international portfolio while Lyst will operate as a standalone business with its CEO, Emma McFerran, remaining at the helm. The deal comes as Lyst faces challenges from U.S. tariff hikes, fierce competition from giants like Amazon, and shifting investor interest towards AI. Despite a significant reduction in value, Lyst aims to leverage Zozo's resources to enhance its operations in the competitive fashion e-commerce landscape.

Created at: April 9, 2025 10:30am

Amazon Haul Shifts Focus Amid Trump Tariffs: A New Era for E-Commerce

Amazon Haul Shifts Focus Amid Trump Tariffs: A New Era for E-Commerce

Amazon is set to change its e-commerce strategy for the Amazon Haul app due to new tariffs imposed by President Trump on imported goods, particularly from China. The platform, originally aimed at providing low-cost products from Chinese warehouses, will now prioritize items available from US warehouses, including brands like Gap and Adidas. This shift comes as Amazon seeks to remain competitive against rivals like Temu and Shein. The impact of these tariffs is significant, particularly for the tech industry, which heavily relies on foreign manufacturing. Amazon's adjustments reflect broader trends in US-China trade tensions.

Created at: April 9, 2025 3:00am

Meta's Instagram to Launch Native iPad App After 15 Years

Meta's Instagram to Launch Native iPad App After 15 Years

Meta is reportedly developing a native Instagram app for iPad, marking the first dedicated version in 15 years. Previously, users relied on a retrofitted iPhone app that failed to utilize the iPad's full screen capabilities. The move comes as Meta aims to expand its user base, especially amidst the ongoing TikTok ban discussions in the US. An Instagram employee revealed that the current experience is subpar, prompting the need for a tailored solution. The new app is expected to enhance user engagement and address long-standing complaints from iPad users.

Created at: April 9, 2025 2:00am

Amazon Launches Nova Sonic: A Game-Changing AI Voice Model

Amazon Launches Nova Sonic: A Game-Changing AI Voice Model

Amazon has introduced Nova Sonic, a new generative AI voice model that processes voice and generates natural speech. This model competes with offerings from OpenAI and Google, boasting superior performance in speed and conversational quality. Nova Sonic is integrated with Amazon's Bedrock platform and is touted as the most cost-effective AI voice model available. It enhances Alexa's capabilities with advanced speech recognition, achieving a low word error rate across multiple languages. Nova Sonic aims to contribute to Amazon's broader goal of developing artificial general intelligence.

Created at: April 8, 2025 1:00pm

Blackbird Secures $50M for Blockchain Payment-Loyalty App Revolutionizing Restaurants

Blackbird Secures $50M for Blockchain Payment-Loyalty App Revolutionizing Restaurants

Blackbird Labs has successfully raised $50 million for its innovative blockchain-based payment and loyalty app aimed at enhancing customer engagement for restaurants. With 1,000 establishments already signed up, CEO Ben Leventhal plans to launch the Blackbird Club, a cross-restaurant points system, and expand beyond New York, San Francisco, and Charleston. Led by Spark Capital, the funding round also included Coinbase Ventures and Amex Ventures. Blackbird's Flynet service simplifies transactions while saving restaurants 3-4% on processing fees, addressing the industry's profitability challenges amidst rising costs.

Created at: April 8, 2025 12:30pm

Apple Plans to Import iPhones from India to Avoid Tariffs

Apple Plans to Import iPhones from India to Avoid Tariffs

In light of new tariffs imposed by the U.S. on Chinese imports, Apple is exploring the option to import more iPhones from India, as reported by the Wall Street Journal. This strategy aims to mitigate the impact of the 54% tariffs on Chinese goods while negotiating for exemptions from the Trump administration. Currently, the U.S. proposes a 26% tariff on Indian imports, making it a more viable option. Apple is projected to produce 25 million iPhones in India this year, potentially fulfilling 50% of U.S. demand if all units are imported.

Created at: April 8, 2025 9:30am

IBM Unveils z17 Mainframe to Accelerate AI Adoption

IBM Unveils z17 Mainframe to Accelerate AI Adoption

IBM has launched its latest mainframe, the z17, designed to enhance AI capabilities across various industries. Powered by the IBM Telum II processor, it supports over 250 AI use cases and can handle 450 billion inference operations daily, marking a 50% improvement over its predecessor. The mainframe, which has been under development for five years, incorporates customer feedback to align with market needs. Notably, it is energy-efficient, achieving significant AI acceleration with lower energy consumption. The z17 will be available starting June 8, 2025.

Created at: April 8, 2025 4:30am

Google Expands AI Mode with Lens Image Search and Multimodal Input

Google Expands AI Mode with Lens Image Search and Multimodal Input

Google has announced an expansion of its AI Mode, integrating Lens image search capabilities that allow users to interact using multimodal inputs. This feature enables users to analyze images through AI, enhancing search accuracy by allowing photo uploads alongside text queries. The upgrade is now available to more testers, including free users, who can explore this cutting-edge technology. The aim is to transform the search experience by providing AI-generated responses rather than traditional links. This move follows the initial rollout to premium users, indicating a broader accessibility strategy.

Created at: April 8, 2025 3:00am

Google's DeepMind Pays AI Staff to Stay Idle for a Year Amid Rivalry

Google's DeepMind Pays AI Staff to Stay Idle for a Year Amid Rivalry

Amid fierce competition in the AI sector, Google’s DeepMind is reportedly paying some employees to refrain from joining rival companies for a year. This practice involves 'aggressive' noncompete agreements that prevent staff from working with competitors while still receiving pay, effectively offering extended paid time off. However, this has led to feelings of isolation among researchers as they miss out on rapid advancements in the field. Unlike the U.S., where the FTC has banned most noncompete clauses, these restrictions are still applicable in the U.K. DeepMind claims to use them selectively.

Created at: April 7, 2025 10:30pm

Microsoft Fires Engineers Over Protest at Copilot Event

Microsoft Fires Engineers Over Protest at Copilot Event

Microsoft has reportedly let go of two software engineers, Ibtihal Aboussad and Vaniya Agrawal, following their disruptive protests during the company's Copilot event. The engineers voiced concerns over Microsoft’s ties with the Israeli military, with Aboussad interrupting CEO Mustafa Suleyman's keynote and Agrawal shouting during a panel featuring Satya Nadella and Bill Gates. In an internal message, Microsoft criticized Aboussad for not raising concerns through proper channels. The protests are linked to a broader movement among employees advocating against the company's dealings with Israel.

Created at: April 7, 2025 10:00pm

False Tweet on Trump Tariffs Causes Stock Market Turmoil

False Tweet on Trump Tariffs Causes Stock Market Turmoil

A false tweet from the Walter Bloomberg account on X incorrectly claimed that President Trump was considering a 90-day pause on tariffs, sparking chaos on Wall Street. Despite the account's reputation for reliable news, the tweet led to significant volatility in index funds like the Dow Jones. The White House quickly denied the report, clarifying that no such statements were made. The erroneous information originated from miscommunication between CNBC and Reuters, which both retracted their reports. Walter Bloomberg has not yet responded to inquiries regarding this incident.

Created at: April 7, 2025 9:30pm

Amazon's Nova Reel 1.1: AI Video Generation Now Supports 2-Minute Clips

Amazon's Nova Reel 1.1: AI Video Generation Now Supports 2-Minute Clips

Amazon has unveiled an upgrade to its AI video model, Nova Reel, allowing users to generate videos up to two minutes long. Launched in December 2024, Nova Reel 1.1 features a new mode called ‘Multishot Manual,’ enabling users to reference an image alongside a prompt for enhanced video composition. The model can create ‘multi-shot’ videos maintaining consistent style across shots. Although Nova Reel is only accessible via AWS, concerns arise over the ethical sourcing of training data. Amazon has pledged to protect customers against copyright claims related to generated media.

Created at: April 7, 2025 9:30pm

Flexport CEO Ryan Petersen Navigates Tariff Turmoil with Customers

Flexport CEO Ryan Petersen Navigates Tariff Turmoil with Customers

In the wake of President Trump's new tariffs, Flexport CEO Ryan Petersen addressed over 2,300 customers, explaining the profound impact on U.S. importers. Tariffs as high as 79% on Chinese goods and a 46% tariff on Vietnam's products are causing chaos in global trade. Petersen emphasized the importance of calm leadership during crises, stating that Flexport is committed to providing stability and guidance. With impending port fees for Chinese-built ships, the logistics landscape remains in flux. Despite the turmoil, Petersen believes these changes could lead to a restructured global supply chain.

Created at: April 7, 2025 9:00pm