President Biden vetoes crypto custody bill
President Joe Biden has vetoed H.J.Res. 109, a congressional resolution that would have overturned the Securities and Exchange Commission’s current approach to banks and crypto. Specifically, the resolution targeted the SEC’s Staff Accounting Bulletin 121, which presents guidance around how banks can handle customers’ crypto assets — in effect, they
Read moreIndustries may be ready for humanoid robots, but are the robots ready for them?
How large a role humanoids will play in that ecosystem is, perhaps, the biggest question on everyone’s mind at the moment. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreVCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market
VCs are clamoring to invest in hot AI companies, 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
Read moreYou can no longer use Tumblr’s tipping feature
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
Read moreDeal Dive: How (Re)vive grew 10x last year by helping retailers recycle and sell returned items
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
Read moreDuct tape value creation
Excerpt from from John Carmack’s review of the book Bullshit Jobs. He talks about how software developers bemoan duct taping systems together, and would rather work on core technologies. He thinks it is some tragic failure, that if only wise system design was employed, you wouldn’t be doing all the
Read moreAI training data has a price tag that only Big Tech can afford
Generative AI improvements are increasingly being made through data curation and collection — not architectural — improvements. Big Tech has an advantage. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreThis Week in AI: Can we (and could we ever) trust OpenAI?
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
Read moreLive Nation took 11 days to confirm the massive Ticketmaster data breach
Illustration: Beatrice Sala Someone going by the name “ShinyHunters” has been advertising a 1.3TB cache of data allegedly containing personal data (names, email/home addresses, and phone numbers), credit card details, and other information about 560 million Ticketmaster customers for $500,000 in hacking forums all week. Now, Ticketmaster parent Live Nation
Read moreGeneral Catalyst-backed Jasper Health lays off staff
Jasper Health, a cancer care platform startup, laid off a substantial part of its workforce, TechCrunch has learned. © 2024 TechCrunch. All rights reserved. For personal use only.
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