Robinhood agrees to pay $45M in SEC settlement
Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation
Read MoreMicrosoft forms new internal dev-focused AI org
Microsoft has created a new engineering org aimed at accelerating AI infrastructure and software development within the company. According to Bloomberg, Jay Parikh, previously VP and global head of engineering at Meta, will lead the new division. He’ll report to Microsoft CEO Satya Nadella, and oversee groups including the company’s
Read MoreThe CIA’s first CTO, Nand Mulchandani, prepares for the Trump administration
In April 2022, the CIA decided to swipe right on Nand Mulchandani, appointing him as its first-ever Chief Technology Officer. It was a good look for the CIA. Mulchandani, who previously served as the CTO and acting director of the Defense Department’s Joint Artificial Intelligence Center, is something of a
Read MoreOpenAI presents its preferred version of AI regulation in a new ‘blueprint’
OpenAI on Monday published what it’s calling an “economic blueprint” for AI: a living document that lays out policies the company thinks it can build on with the U.S. government and its allies. The blueprint, which includes a forward from Chris Lehane, OpenAI’s VP of global affairs, asserts that the
Read MorePrince Harry and Meghan Markle are slamming Meta over its fact-checking policy
Prince Harry and Meghan Markle have joined the ranks of those displeased with Meta’s changes to fact-checking and have released a statement saying that the changes “directly underminds free speech.” “Meta’s changes to its ‘Hateful Content Policies’ do not protect free expression but instead foster an environment where abuse and
Read MoreTop New York VC Ben Lerer says more mid-sized VC firms are heading for failure
Ben Lerer, managing partner of one of New York’s most prestigious seed-stage venture firms, Lerer Hippeau, shared some predictions with Fortune’s Leo Schwartz. He believes venture firms will continue to see a bifurcation as money pours mostly into top funds like Thrive and a16z, as well as into smaller more
Read MoreThe first AI chip startup to go public in 2025 will be Blaize
Blaize, an AI chip manufacturer founded by former Intel engineers, is set to IPO on the NASDAQ on January 14. © 2024 TechCrunch. All rights reserved. For personal use only.
Read More‘Free Our Feeds’ campaign aims to billionaire-proof Bluesky’s tech
As Elon Musk and Mark Zuckerberg continue to reshape the social media space, a group of international tech entrepreneurs and advocates has launched a campaign to protect social media from the control and influence of billionaires. The initiative, Free Our Feeds, aims to protect Bluesky’s underlying technology, the AT Protocol,
Read MoreRaspberry AI raises $24M from a16z to accelerate fashion design
The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M and Zara update their collections continuously. To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to
Read MoreA 24-year-old who exited his first company to Coinbase, raises $3M for his next venture
At 24 years old, Pryce Yebesi already has one exit: selling his crypto invoicing company Utopia Labs to Coinbase for an undisclosed amount. Some founders don’t just have one company in them. On Monday, Yebesi announced the launch of his new company, OpenLedger, which embeds automated accounting software into products
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