Binance founder ‘CZ’ released from custody after four-month sentence

Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal act…Read More

AI dominated both YC Demo Day and startup news

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was a busy one for the startup and VC world, with its fair share of funding news and, of course, the latest edition of YC’s […]
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Meta fined $101.5M for 2019 breach that exposed hundreds of millions of Facebook passwords

Reset your clocks: Meta has been hit with yet another privacy penalty in Europe. On Friday, Ireland’s Data Protection Commission (DPC) announced a reprimand and a €91 million fine — around $101.5M at current exchange rates — after concluding a multi-year i…Read More

9 startups that stood out on YC Demo Day 2

Here are the startups from YC Demo Day 2 that we thought stood out from the flock.
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Starlink hits 4 million subscribers

SpaceX’s Starlink satellite internet network is expected to hit a new customer milestone this week, company President Gwynne Shotwell told Texas legislators on Tuesday.  “This week, by the way, we will pass 4 million customers for Starlink, which is quite exciting,” she said while testifying before a state…Read More

Starlink hits 4 million subscribers

SpaceX’s Starlink satellite internet network is expected to hit a new customer milestone this week, company President Gwynne Shotwell told Texas legislators on Tuesday.  “This week, by the way, we will pass 4 million customers for Starlink, which is quite exciting,” she said while testifying before a state…Read More

Runway earmarks $5M to fund up to 100 films using AI-generated video

AI video generators need to believe that filmmakers will use their models in the production process. Otherwise why exist? To jump start the new AI film ecosystem, Runway has set aside $5 million in cash and more in service credits to fund up to 100 original films. If you’re an…Read More

Nomi AI wants to make the most emotionally intelligent chatbots on the market

As OpenAI boasts about its o1 model’s increased thoughtfulness, a small, self-funded startup Nomi AI is building the same kind of technology. Unlike the broad generalist ChatGPT, which slows down to think through anything from math problems or historical research, N…Read More

The WordPress vs WP Engine drama, explained

The world of WordPress, one of the most popular technologies for creating and hosting websites, is going through a very heated controversy. The core issue is the fight between WordPress founder and Automattic CEO Matt Mullenweg and WP Engine, which hosts web sites built on WordPress. WordPress…Read More