Indonesian VC firm Intudo raises $125M across two funds

Intudo, the Indonesia-only venture capital firm, said it has raised $125 million across two investment funds — $75 million for Intudo Ventures IV, and $50 million for another fund that will invest in downstream natural resources and renewable energy. Intudo said Fund IV will invest in I…Read More

Amazon confirms employee data stolen after hacker claims MOVEit breach

Amazon has confirmed that employee data was compromised after a “security event” at a third-party vendor. In a statement given to TechCrunch on Monday, Amazon spokesperson Adam Montgomery confirmed that employee information had been involved in a data breach. “Amazon and AWS s…Read More

Amazon confirms employee data stolen after hacker claims MOVEit breach

Amazon has confirmed that employee data was compromised after a “security event” at a third-party vendor. In a statement given to TechCrunch on Monday, Amazon spokesperson Adam Montgomery confirmed that employee information had been involved in a data breach. “Amazon and AWS s…Read More

Intuitive Machines CEO: ‘We now have the platform for a lunar economy’

Steve Altemus is optimistic. And as CEO of Intuitive Machines, which made history with the first ever successful moon landing performed by a private company, he has good reason. But that was just the opening act of his company’s plans to build “a full stack: all the pieces you…Read More

From self-driving cars to AI that writes enterprise software: Cogna founder raises $15M

A founder who was an early mover in the race to build autonomous vehicles has raised $15 million for his next act: a startup that claims its AI can write enterprise software on its own. Cogna — as the U.K.-based startup is called — is led by Ben Peters, the…Read More

Brazilian fintech Tako emerges from stealth with sizable seed round led by a16z and Ribbit Capital

Running payroll is hard in any country, but perhaps especially so in Brazil thanks to consistently changing laws and extremely influential unions that make it significantly harder to get it right. Fernando Gadotti struggled with this as the…Read More

X is testing a free version of AI chatbot Grok

Social network X has so far limited its AI chatbot Grok (built by Elon Musk’s other company xAI) to its premium, paying users. However, the platform is seemingly preparing to open up the chatbot to free users. Over the weekend, several app researchers and users posted about a free version of Grok…Read More

Elon Musk’s X is moving its legal disputes to Northern Texas

Lawsuits against X (formerly Twitter) will soon be heard in the US District Court for the Northern District of Texas. The shift was first announced last month as part of a broader set of changes to X’s terms of service and privacy policy. Now, with the changes set to take effect on Nov…Read More

Elon Musk’s X is moving its legal disputes to Northern Texas

Lawsuits against X (formerly Twitter) will soon be heard in the US District Court for the Northern District of Texas. The shift was first announced last month as part of a broader set of changes to X’s terms of service and privacy policy. Now, with the changes set to take effect on Nov…Read More

It’s the Senate’s last chance to pass the PRESS Act

The PRESS Act would protect a journalist’s sources, and gained unanimous bipartisan support when passed by the House in January.
© 2024 TechCrunch. All rights reserved. For personal use only.

Read more: http…Read More

TSMC reportedly halts advanced chip shipments to Chinese companies

After a chip manufactured by Taiwan Semiconductor Manufacturing Company was found inside a Huawei processor, the US Department of Commerce has ordered the company to halt shipments of advanced chips to Chinese customers, according to a report in Reuters. Huawei faces significant…Read More

Encore is an AI-powered search engine for your thrifting needs

Former Apple engineer Alex Ruber and former Twitter and Asana engineer Parth Chopra first met on Y Combinator’s founder match platform, then met in person at a thrift store for shopping. They later went on a thrift store shopping trip where they talked about solving problems with…Read More

Open source projects draw equity-free funding from corporates, startups, and even VCs

A dearth of funding for vital open source technologies is leading to a swath of support from startups, unicorns, corporations, and even venture capital firms. Last year, Bloomberg launched its FOSS (free and open source software) fund, committing up to $90,000…Read More

FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others

Bankrupt cryptocurrency company FTX filed 23 lawsuits Friday against Anthony Scaramucci (pictured above), his hedge fund SkyBridge Capital, and other organizations including Crypto.com and the Mark Zuckerberg-backed lobbying group Fwd.us. These lawsuits are an attempt to claw back…Read More