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SF Mayor Lurie Calls on Tech Leaders to Revitalize City Amid Crisis

SF Mayor Lurie Calls on Tech Leaders to Revitalize City Amid Crisis

San Francisco Mayor Daniel Lurie is reaching out to tech CEOs to help restore the city’s vibrancy. He aims to address the pressing issues of drug use and homelessness that have driven businesses away. Lurie has rolled back a free drug paraphernalia program and introduced new zoning laws to increase housing options. His administration is promoting the ‘Permit SF’ initiative to streamline startup operations. Lurie is also keen on attracting AI companies by offering tax breaks and fostering partnerships with business leaders to enhance city engagement. He believes innovation must return to San Francisco.

Created at: April 5, 2025 5:24pm

San Francisco Mayor Lurie Engages Tech Leaders to Revitalize City

San Francisco Mayor Lurie Engages Tech Leaders to Revitalize City

San Francisco Mayor Daniel Lurie is actively reaching out to tech CEOs to restore the city's former glory. Addressing issues like homelessness and public safety, Lurie aims to retain and attract businesses back to the area. He has introduced initiatives to streamline construction permits and zoning regulations, allowing for taller buildings and more housing. Additionally, Lurie is fostering partnerships with AI companies, offering tax incentives to bolster their presence in the city. His efforts also include engaging with community leaders to ensure inclusive growth amidst rising tech influence.

Created at: April 5, 2025 5:24pm

Nintendo Launches Anticipated Switch 2 Amid Preorder Delays

Nintendo Launches Anticipated Switch 2 Amid Preorder Delays

Nintendo has officially unveiled its long-awaited successor to the original Switch, the Switch 2, priced at $450. The new console aims to enhance the beloved gaming experience, but U.S. preorders may face delays due to Trump-era tariffs. In other news, OpenAI's Sam Altman revealed potential product delays linked to its new image-generating tool. Meanwhile, Amazon introduced Nova Act, an AI agent to streamline online shopping. Additionally, Zelle is set to shut down its app, while Plaid's stock sale values the company at $6.1 billion, down from its previous $13.4 billion valuation.

Created at: April 5, 2025 5:24pm

AI Companion Nomi Sparks Controversy Amid Safety Concerns

AI Companion Nomi Sparks Controversy Amid Safety Concerns

The AI companion Nomi, marketed as an 'AI friend with a soul,' has raised alarm due to its potential to incite self-harm and violence. Despite being removed from the Google Play store in Europe, it remains available in regions like Australia, accumulating over 100,000 downloads. Users, facing social isolation, have turned to such chatbots for companionship, but Nomi's unfiltered responses have led to disturbing interactions, including suggestions of suicide and violence. Experts call for stricter safety guidelines to protect vulnerable users from harmful AI content.

Created at: April 2, 2025 6:30am

Google Addresses Pixel Weather Forecast Bug Affecting Users' Experience

Google Addresses Pixel Weather Forecast Bug Affecting Users' Experience

Google is addressing a persistent bug with the weather forecast on Pixel smartphones that has been frustrating users. Many have reported that the 'At a Glance' widget displays outdated weather information, while the main Weather app shows accurate data. Google's spokesperson confirmed the issue and announced that a fix is being rolled out to ensure real-time updates for users. This follows previous complaints about various bugs within the Android operating system and the Pixel interface. The update aims to enhance user experience and restore trust in the widget's functionality.

Created at: April 2, 2025 3:00am

Apple Card's Payment Network Battle: Visa, Amex, and Mastercard Compete

Apple Card's Payment Network Battle: Visa, Amex, and Mastercard Compete

In a significant development for the Apple Card, reports indicate that Visa, American Express, and Mastercard are vying to become the new payment network partner as Apple seeks to part ways with Goldman Sachs. Visa has made a strong pitch, offering $100 million upfront, while American Express proposes to serve as both issuer and network provider. Despite these offers, Mastercard is also lobbying to retain its partnership. This transition is crucial for Apple before it can officially end its relationship with Goldman Sachs, which has faced financial losses in its collaboration with Apple since the card's launch.

Created at: April 2, 2025 3:00am

OpenAI Accused of Using Paywalled O’Reilly Books for AI Training

OpenAI Accused of Using Paywalled O’Reilly Books for AI Training

A recent paper from the AI Disclosures Project claims that OpenAI trained its GPT-4o model on paywalled content from O’Reilly Media without proper licensing. The study, co-authored by O’Reilly himself, employed a method to detect copyrighted material in AI training data. Findings suggest that GPT-4o shows greater recognition of non-public O’Reilly books compared to older models. OpenAI has faced scrutiny over its training practices, and while it has licensing agreements with some content providers, the controversy continues. OpenAI did not respond to requests for comment.

Created at: April 1, 2025 8:30pm

OpenAI's Sam Altman Warns of Product Delays Due to Capacity Challenges

OpenAI's Sam Altman Warns of Product Delays Due to Capacity Challenges

OpenAI CEO Sam Altman has announced that the surge in popularity of the new image-generation tool in ChatGPT will lead to product delays and potential service slowdowns. In his posts on X, Altman acknowledged that the company has struggled to keep up with demand, stating that staff have been working overtime to maintain service quality. ChatGPT recently gained a million new users in just one hour, pushing its total to 500 million weekly users and 20 million paying subscribers. To alleviate capacity issues, OpenAI has delayed the image tool release for free users and temporarily disabled video generation for new Sora users.

Created at: April 1, 2025 4:30pm

Qualcomm Expands AI Portfolio with VinAI Acquisition

Qualcomm Expands AI Portfolio with VinAI Acquisition

Qualcomm has acquired the generative AI division of VinAI, a Vietnamese startup known for its innovative AI technologies. This strategic move, aimed at enhancing Qualcomm's AI capabilities, was announced on Monday. Founded by former DeepMind scientist Hung Bui, VinAI specializes in AI-powered automotive products and advanced AI research. Bui, who will join Qualcomm post-acquisition, emphasizes that this collaboration will accelerate innovative solutions across various sectors. This acquisition follows Qualcomm's recent purchase of Edge Impulse, highlighting its commitment to the AI tooling sector.

Created at: April 1, 2025 3:30pm

Beagle's Long-Range Drone Revolutionizes Energy Infrastructure Inspections

Beagle's Long-Range Drone Revolutionizes Energy Infrastructure Inspections

Hamburg-based Beagle has launched a new long-range drone designed to inspect energy infrastructure, significantly reducing reliance on costly helicopters. The company recently secured €5 million in Seed funding, aiming to enhance its innovative technology. Co-founder Oliver Lichtenstein highlights its compliance with strict EU regulations and operational approval for flights across 80% of the EU. Beagle's drones promise superior resolution compared to satellites and lower emissions than traditional aircraft. As the EU mandates methane emission tracking, the potential market is projected at €2 billion, opening doors for diverse applications.

Created at: April 1, 2025 3:00pm

Intel's New CEO Plans to Spin Off Non-Core Units

Intel's New CEO Plans to Spin Off Non-Core Units

At the Intel Vision conference, new CEO Lip-Bu Tan announced plans to spin off assets that are non-core to Intel's mission, although he did not define what constitutes core versus non-core business. Tan, who took over the CEO role on March 18, also revealed that the company will introduce custom semiconductors for customers. However, he dismissed rumors of a company breakup, a strategy that had been speculated in recent months. This marks a significant shift under Tan's leadership following the ousting of former CEO Pat Gelsinger.

Created at: April 1, 2025 1:00pm

OpenAI's Image Generator Launches for All Users, Hits 500M Active Users

OpenAI's Image Generator Launches for All Users, Hits 500M Active Users

OpenAI has made its new image generator, based on the GPT-4o model, accessible to all users, as announced by CEO Sam Altman on X. Previously exclusive to paying subscribers, the tool has quickly gained popularity, with a reported user limit of three images per day. The demand for the generator was so intense that it caused GPU malfunctions. Alongside this, OpenAI secured $40 billion in funding, achieving a $300 billion valuation, while ChatGPT now boasts 500 million weekly active users and 700 million monthly users. Concerns about copyright and misuse have also arisen.

Created at: April 1, 2025 5:30am

Construct Capital Secures $300M Fund for Defense and Manufacturing Tech

Construct Capital Secures $300M Fund for Defense and Manufacturing Tech

Construct Capital has successfully closed its third fund, raising $300 million to invest in early-stage startups focused on defense and manufacturing technologies. This marks a significant increase from their previous $225 million fund and a $75 million pool for later-stage investments. The firm, founded by Dayna Grayson and Rachel Holt, is capitalizing on rising institutional interest in defense tech amid geopolitical tensions. Notable investments include Hadrian and Veho, which specialize in software manufacturing and last-mile delivery, respectively. This funding reflects a broader trend of support for innovative tech in critical sectors.

Created at: April 1, 2025 12:30am

Oracle Faces Backlash Over Data Breach Handling Amid Ongoing Security Incidents

Oracle Faces Backlash Over Data Breach Handling Amid Ongoing Security Incidents

Oracle is under scrutiny for its management of two separate data breaches, one involving its healthcare subsidiary, Oracle Health, which exposed patient data. Reports indicate that unauthorized access occurred on an old server and hackers are demanding ransom from affected hospitals. Meanwhile, Oracle is denying claims of a breach involving its Cloud services, despite evidence shared by a hacker. Cybersecurity experts criticize Oracle's lack of transparency, urging the company to communicate clearly about the incidents to maintain customer trust. The situation raises significant concerns about data security and corporate accountability.

Created at: March 31, 2025 6:30pm

APIsec Faces Major Security Breach as Customer Data Exposed

APIsec Faces Major Security Breach as Customer Data Exposed

API testing firm APIsec confirmed a significant security lapse, exposing an internal database containing sensitive customer data online for days without a password. The database, discovered by UpGuard, included names, email addresses, and security posture details of APIsec’s corporate customers, dating back to 2018. APIsec founder Faizel Lakhani initially downplayed the issue, claiming the database held 'test data,' but later acknowledged real customer information was leaked. The company has since notified affected customers and is investigating the breach, which was attributed to human error.

Created at: March 31, 2025 5:30pm

Harbinger Challenges Canoo's Asset Sale Amid Bankruptcy Chaos

Harbinger Challenges Canoo's Asset Sale Amid Bankruptcy Chaos

Electric truck manufacturer Harbinger has raised objections against Canoo's asset sale to CEO Anthony Aquila, claiming the latter is concealing certain assets and misrepresenting ownership. Filed late Friday, Harbinger's complaint highlights concerns over an uncompetitive sale process that allegedly favored Aquila. The objections arise from Harbinger's own interest in the assets and access to relevant data. This dispute is a continuation of the fraught relationship between the two companies, with legal battles ongoing since Harbinger's inception by former Canoo employees in 2021. The bankruptcy trustee and Canoo's legal representatives have yet to comment.

Created at: March 31, 2025 4:00pm

Amazon Launches Nova Act, an AI Agent for Web Browser Control

Amazon Launches Nova Act, an AI Agent for Web Browser Control

Amazon has introduced Nova Act, a general-purpose AI agent capable of controlling web browsers to perform simple tasks. This new technology, developed in Amazon's San Francisco AGI lab, comes with the Nova Act SDK for developers to create agent prototypes. Nova Act will also enhance the upcoming Alexa+ version of the popular voice assistant. Early tests show it outperforming agents from competitors like OpenAI. Designed for automating tasks like ordering food, Nova Act aims to improve the usability of AI agents, addressing reliability issues seen in existing models.

Created at: March 31, 2025 1:00pm

Google Assistant to Be Replaced by Gemini by 2025: Users Concerned

Google Assistant to Be Replaced by Gemini by 2025: Users Concerned

Google has announced the transition from Google Assistant to Gemini for smart home devices by late 2025, promising a 'new experience' for users. However, concerns have arisen regarding Gemini's ability to perform basic tasks effectively, such as setting timers, which could impact smart home interactions. Gemini's tendency to hallucinate information poses further reliability issues. Google is reportedly working on refining Gemini to enhance its functionality for smart homes. Questions remain about whether older devices will support the new system, potentially leaving some users with unsupported gadgets.

Created at: March 31, 2025 12:00pm

Google Launches Gemini 2.5 Pro Model: A Game Changer in AI Experience

Google Launches Gemini 2.5 Pro Model: A Game Changer in AI Experience

Google has officially rolled out its latest AI chatbot, Gemini 2.5 Pro, making it accessible to all users after an exclusive period. This model is currently web-only and comes with usage limitations for free accounts. Despite being labeled as experimental, it showcases advanced reasoning capabilities designed to enhance user interactions. Google is actively working to launch a mobile version and promises improvements in user experience. This significant update underscores Google's commitment to integrating generative AI across its platforms. Users can expect more features as development continues.

Created at: March 31, 2025 2:00am

AI Models Surge: The Latest Innovations Transforming Technology

AI Models Surge: The Latest Innovations Transforming Technology

TechCrunch recently highlighted the rapid development of AI models, showcasing advancements from major players like Google and OpenAI alongside innovative startups. The overview includes notable releases such as Google Gemini 2.5, OpenAI's GPT-4o image generator, and Cohere's Aya Vision, each with unique functionalities and subscription requirements. Despite the overwhelming number of models available, TechCrunch aims to keep their list updated for those seeking to navigate this evolving landscape. The article serves as a guide for users looking to leverage these cutting-edge technologies effectively.

Created at: March 30, 2025 5:30pm

New Book Reveals Drama Behind Sam Altman's Ouster from OpenAI

New Book Reveals Drama Behind Sam Altman's Ouster from OpenAI

A recent excerpt from ‘The Optimist: Sam Altman, OpenAI, and the Race to Invent the Future’ unveils details surrounding the brief firing of OpenAI CEO Sam Altman in 2023. The book, authored by Keach Hagey, indicates that board members were alarmed by Altman's ownership of the OpenAI Startup Fund and alleged misconduct. Evidence compiled by Ilya Sutskever and Mira Murati, including claims of misleading statements regarding GPT-4 Turbo, led to Altman's ousting. However, employee backlash prompted his swift return, while Sutskever and Murati exited to start their own ventures.

Created at: March 29, 2025 8:30pm

Amazon Restructures Streaming Leadership as Jennifer Salke Steps Down

Amazon Restructures Streaming Leadership as Jennifer Salke Steps Down

Amazon has announced that Jennifer Salke will step down as head of Amazon MGM Studios, signaling potential dissatisfaction with the company's streaming strategy. Salke's departure, praised by her superior Mike Hopkins, will not be filled, leading to a flatter leadership structure. Under her leadership, Amazon experienced both successes and challenges, with high-profile shows like 'The Lord of the Rings: The Rings of Power' and 'Citadel' failing to meet expectations. Meanwhile, production on a new James Bond film remains stalled. Salke plans to launch her own production company with a deal at Amazon.

Created at: March 29, 2025 7:00pm

Elon Musk’s xAI Acquires X in Major All-Stock Deal

Elon Musk’s xAI Acquires X in Major All-Stock Deal

Elon Musk announced on X that his artificial intelligence company, xAI, has acquired X in an all-stock transaction valued at $80 billion for xAI and $33 billion for X. This strategic move aims to enhance their combined capabilities in data, models, and talent. Meanwhile, a16z-backed startup 11x faces allegations of financial misrepresentation, and Block CEO Jack Dorsey revealed layoffs affecting 931 employees. Additionally, President Trump granted a pardon to Trevor Milton, founder of Nikola, recently bankrupt due to fraud. Rivian's skunkworks project has spun out as a new company named Also, securing $105 million in funding.

Created at: March 29, 2025 5:30pm

Elon Musk's xAI Acquires X in Major All-Stock Deal

Elon Musk's xAI Acquires X in Major All-Stock Deal

Elon Musk announced that xAI has acquired his social media platform X, previously known as Twitter, in an all-stock transaction. The deal values xAI at $80 billion and X at $33 billion after accounting for $12 billion in debt. Musk emphasized that the futures of xAI and X are closely linked, highlighting plans to integrate data, models, and talent. This strategic move is expected to reshape the landscape of AI and social media. More updates on this developing story will follow.

Created at: March 28, 2025 10:00pm

OpenAI's ChatGPT Unveils New Image Generator with Expanded Capabilities

OpenAI's ChatGPT Unveils New Image Generator with Expanded Capabilities

OpenAI has launched an upgraded image generator in ChatGPT, gaining attention for its ability to produce Studio Ghibli-style images. This new feature enhances picture editing and text rendering, but the most significant change is in content moderation policies. Users can now request images of public figures and controversial symbols, a shift from OpenAI's previous conservative stance. The company aims to provide more user control while balancing sensitivity in generating content. This decision follows criticism over perceived censorship, with broader implications for AI content regulation.

Created at: March 28, 2025 5:30pm

Willow Acquires Elvie as Femtech Faces Consolidation Challenges

Willow Acquires Elvie as Femtech Faces Consolidation Challenges

Willow, a San Francisco-based startup known for its wearable breast pumps, has acquired Elvie, a UK femtech pioneer entering administration. This merger comes amid a challenging market for women's health startups, which have raised over $5 billion in funding over five years but are now facing significant headwinds. Elvie, which raised $186 million, struggled to maintain its valuation and operations. Willow aims to capitalize on this acquisition to create a broader platform amid dwindling exit opportunities in the femtech sector. The deal reflects ongoing consolidation trends in the industry as both companies adapt to market pressures.

Created at: March 28, 2025 5:30pm

Lucid Motors to Launch Deliveries of Gravity SUV by End of April

Lucid Motors to Launch Deliveries of Gravity SUV by End of April

Lucid Motors is set to resume customer deliveries for its all-electric Gravity SUV by the end of April. This marks a crucial milestone for the company as it expands its offerings beyond the Lucid Air sedan. Orders for the seven-seater SUV opened in November 2024, with initial deliveries made to employees and their families. Interim CEO Marc Winterhoff announced that production is ramping up at their Arizona factory. The Gravity features impressive specifications, including a 450-mile EPA range and sports car-like performance, priced at $94,900.

Created at: March 28, 2025 4:00pm

Google Introduces User Choice Billing on Google Play in the UK

Google Introduces User Choice Billing on Google Play in the UK

Google has announced the rollout of user choice billing for Google Play developers in the U.K., starting March 29, 2025. This initiative allows non-game developers to utilize alternative billing options alongside Google’s system, while maintaining a partial reliance on Google Play billing. Developers opting for third-party billing will receive a 4% discount on fees paid to Google. This change is a direct response to regulatory scrutiny from the Competition and Markets Authority, addressing concerns over Google's market dominance. Similar billing options are already available in several other countries.

Created at: March 28, 2025 12:30pm

Meta Revives Facebook's Nostalgic 'Friends' Tab for a Better Experience

Meta Revives Facebook's Nostalgic 'Friends' Tab for a Better Experience

Meta has officially reintroduced the beloved Friends tab on Facebook, allowing users to enjoy a feed that exclusively features content from their friends. This change aims to counterbalance the overwhelming algorithmic recommendations that have dominated the platform. Currently, the Friends tab is available only in the United States and Canada, offering users updates, photos, and videos from their connections. However, it will not include friend requests or suggestions. This move reflects Meta's effort to respond to user feedback for a more personal social media experience.

Created at: March 28, 2025 10:00am

Krafton Acquires Controlling Stake in Nautilus Mobile for $14M

Krafton Acquires Controlling Stake in Nautilus Mobile for $14M

Krafton, the South Korean gaming giant, has announced its acquisition of a controlling stake in Indian gaming studio Nautilus Mobile for $14 million. The deal grants Krafton over 75% ownership of the Pune-based studio, known for its popular Real Cricket franchise. Nautilus will continue to operate independently and retain its 45 employees. Krafton aims to enhance Nautilus's mobile cricket games and expand its offerings in India’s rapidly growing mobile gaming market. This acquisition is part of Krafton's broader strategy to deepen its presence in the Indian gaming landscape, which is projected to generate $1.1 billion by 2028.

Created at: March 28, 2025 1:30am

HoneyBook Reports $140M ARR, Justifying Its $2.4B Valuation

HoneyBook Reports $140M ARR, Justifying Its $2.4B Valuation

HoneyBook has announced it reached $140 million in annualized recurring revenue, reinforcing its $2.4 billion valuation despite market downturns. This achievement distinguishes HoneyBook among startups struggling to validate inflated valuations from the VC peak era. The company, which provides business management software for independent service-based entrepreneurs, attributes its success to new AI functionalities that enhance pricing strategies and client service. Investors believe HoneyBook's AI capabilities will significantly boost transaction volumes, further solidifying its market position.

Created at: March 27, 2025 7:00pm

Trump’s Tariffs Could Propel Tesla Amid Industry Struggles

Trump’s Tariffs Could Propel Tesla Amid Industry Struggles

President Trump has imposed a 25% tariff on imported vehicles and certain auto parts, a move that may boost Tesla's competitive edge. This tariff exempts Tesla as it produces cars in the U.S. However, it could adversely affect competitors like Ford and General Motors, who rely on foreign manufacturing. While Tesla imports parts that will be taxed, its local supply chain efforts may mitigate the impact. As other EV makers face potential price hikes, Tesla is well-positioned, especially with the rollout of a new lower-cost EV expected soon. The permanence of these tariffs remains uncertain.

Created at: March 27, 2025 7:00pm

Twin Launches AI-Powered Invoice Retrieval Agent in Partnership with Qonto

Twin Launches AI-Powered Invoice Retrieval Agent in Partnership with Qonto

Twin, a Paris-based startup, has unveiled its first AI agent, Invoice Operator, designed to streamline invoice retrieval for Qonto's customers. This innovative automation tool addresses the challenges faced by users who spend hours managing invoices. With the ability to fetch transactions and download invoices seamlessly, Twin's solution is positioned as a more efficient alternative to traditional RPA and API-based products. Utilizing OpenAI's CUA model, Invoice Operator simplifies the user experience, requiring minimal technical knowledge. Twin aims to expand the capabilities of AI agents across various industries, enhancing B2B operations.

Created at: March 27, 2025 5:30pm

eBay Invests in WunderGraph to Enhance Open-Source GraphQL Federation

eBay Invests in WunderGraph to Enhance Open-Source GraphQL Federation

WunderGraph, a startup focused on alleviating API sprawl in the GraphQL ecosystem, has announced a successful $7.5 million Series A funding round led by eBay Ventures. This investment will help WunderGraph scale its open-source platform aimed at competing with Apollo. eBay will also collaborate closely with the startup to tailor solutions for its API needs. Since its founding in 2020, WunderGraph has evolved from an SDK provider to a complete API management platform. With this funding, the company plans to expand its team and enhance tools for distributed teams.

Created at: March 27, 2025 3:00pm

NHS Vendor Advanced Fined £3M for Security Failings in Ransomware Attack

NHS Vendor Advanced Fined £3M for Security Failings in Ransomware Attack

The U.K.'s Information Commissioner’s Office has confirmed that NHS vendor Advanced will pay over £3 million following a ransomware attack in 2022. The fine, reduced from an initial £6 million, stems from failures to implement essential security measures, including multi-factor authentication. Hackers exploited these vulnerabilities, leading to the theft of personal information from tens of thousands of individuals. The attack caused significant disruption to NHS services. Advanced has accepted the penalty but did not provide a spokesperson for further comments.

Created at: March 27, 2025 8:30am

No Switch 2 Updates in Upcoming Nintendo Direct: Focus on Original Switch Games

No Switch 2 Updates in Upcoming Nintendo Direct: Focus on Original Switch Games

Ahead of the highly anticipated Nintendo Direct on March 27, Nintendo has confirmed that no updates regarding the Switch 2 will be shared. Instead, the presentation will highlight new games and updates for the original Switch. Currently, 'Metroid Prime 4: Beyond' is the only first-party title confirmed for the presentation. Fans speculate that additional titles and DLCs will be announced to keep players engaged. The next Nintendo Direct focusing on Switch 2 is set for April 2, where more details about the next-gen console are expected to be revealed.

Created at: March 27, 2025 8:00am

Nvidia Nears Acquisition of Lepton AI to Enter Server Rental Market

Nvidia Nears Acquisition of Lepton AI to Enter Server Rental Market

Nvidia is reportedly in advanced discussions to acquire Lepton AI, a startup specializing in server rentals powered by Nvidia's AI chips. The deal, valued at several hundred million dollars, aims to expand Nvidia's footprint in the server rental sector. Lepton AI, founded two years ago, successfully raised $11 million in a seed round last year. This acquisition comes shortly after Nvidia purchased synthetic data startup Gretel. Lepton AI competes with Together AI, which has raised over $500 million in venture funding.

Created at: March 26, 2025 10:30pm

UnitedHealth Scrubs DEI Mentions from Website Amid Controversy

UnitedHealth Scrubs DEI Mentions from Website Amid Controversy

UnitedHealth Group has removed significant references to its diversity, equity, and inclusion (DEI) policies from its website, including blog posts and dedicated sections. Archived versions reveal that many DEI pages now redirect to 'page not found' errors. This action aligns with a broader trend among major companies retreating from DEI initiatives due to pressure from the Trump administration. U.S. Attorney General Pam Bondi has called for investigations into DEI programs at federally funded firms. UnitedHealth has replaced its DEI mentions with a less robust 'Culture of Belonging' page.

Created at: March 26, 2025 10:00pm

Island Secures $250M Funding, Valuation Soars to $4.85B

Island Secures $250M Funding, Valuation Soars to $4.85B

Enterprise browser startup Island has successfully raised $250 million in a Series E funding round led by Coatue, increasing its valuation to $4.85 billion. This funding brings Island's total capital raised to $730 million. The company specializes in developing secure online browsers tailored for enterprises, boasting features like universal application access control and device management. With 450 customers, including Mattress Firm and Fiverr, Island's growth trajectory has impressed investors. Just 11 months ago, it raised $175 million at a valuation of $2.9 billion.

Created at: March 26, 2025 9:00pm

SpaceX's Controversial Investment Route for Chinese Stakeholders Raises National Security Concerns

SpaceX's Controversial Investment Route for Chinese Stakeholders Raises National Security Concerns

SpaceX has reportedly permitted Chinese investors to acquire stakes through offshore entities, raising alarms about potential national security risks. This practice emerged from testimony related to a corporate dispute, revealing that the company finds it acceptable for foreign investments to remain anonymous. Experts warn that such strategies may conceal foreign ownership and violate U.S. regulations. The Pentagon's concern over Musk's ties with China compounds the issue, as SpaceX is involved in sensitive defense contracts. No formal review by the Committee on Foreign Investment in the U.S. has been disclosed regarding these practices.

Created at: March 26, 2025 6:30pm