VCs 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 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 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 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.
Read MoreLive Nation confirms Ticketmaster was hacked, says personal information stolen in data breach
Live Nation says its Ticketmaster subsidiary was hacked. A hacker claims to be selling 560 million customer records. © 2024 TechCrunch. All rights reserved. For personal use only.
Read MoreMassive Ticketmaster, Santander data breaches linked to Snowflake cloud storage
Photo by Amelia Holowaty Krales / The Verge A data breach potentially affecting as many as 560 million Ticketmaster accounts and a confirmed one for Santander Bank may have stemmed from attacks on the cloud storage accounts with a company called Snowflake. As spotted by Bleeping Computer, an investigation from
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