SEC fines four companies $7 million for ‘misleading cyber disclosures’ regarding SolarWinds hack

The SEC concluded that four tech companies misled investors and minimized the damage they suffered from the SolarWinds supply chain hack.
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Marc Andreessen says AI model makers are in ‘race to the bottom’ and it’s not good for business

Marc Andreessen, general partner at VC firm Andreessen Horowitz, was on stage at the Ray Summit conference earlier this month, talking about AI. CFO.com has pulled out the best quotes so you don’t have to watch the full interview. “Maybe all of these…Read More

India’s Zomato to raise $1B ahead of rival Swiggy IPO

Zomato announced Tuesday that its board has approved plans to raise $1 billion through a so-called qualified institutions placement, marking the company’s first major fundraising initiative since its 2021 IPO, as competition in India’s quick commerce sector heats up. The timing is notable, c…Read More

Tim Cook’s other job

In May, while unveiling the newest iPad at an Apple event, CEO Tim Cook wore a custom-made, one-of-a-kind pair of Nike sneakers whose decorative stitching included the words “Made on iPad.”  It wasn’t just a collab between Apple and Nike. As Bloomberg reminds readers, Cook has been on Nike’s board since 2005, when Cook was…Read More

Meta suspends accounts tracking private jets of Elon Musk, Mark Zuckerberg, and other celebrities

Instagram and Threads accounts that track the private jets of celebrities – including Mark Zuckerberg, Elon Musk, Kim Kardashian, Bill Gates, Jeff Bezos, and Kylie Jenner – were suspended on Monday, according to the owner of many such accounts, Flo…Read More

India’s Neysa bags $30M to compete with global AI hyperscalers

India’s Neysa has raised $30 million in a Series A round to bolster its AI infrastructure offering.
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TechCrunch Space: Inverted

Hello, and welcome back to TechCrunch Space. We are insanely close to TechCrunch Disrupt — have you checked out the final agenda for the Space Stage yet!? Come hear the latest and greatest insights from top space entrepreneurs and investors. NB: If you’re wondering why last week’s TechCrunch Space didn’t include a…Read More

What is Bluesky? Everything to know about the X competitor.

Is the grass greener on the other side? We’re not sure, but the sky is most certainly bluer. It’s been almost two years since Elon Musk purchased Twitter, now X, leading people to set up shop on alternative platforms. Mastodon, Post, Pebble (which has already shuttered operations) and…Read More

Daze, a creative, AI-powered messaging app for Gen Z, is blowing up prelaunch

On TikTok, Daze’s most popular video has been viewed 8 million times. Across TikTok and Instagram, the startup behind a new messaging app aimed at Gen Z, has seen around 48 million combined views. Pre-launch, the app’s waitlist is already bursting with roughly 156…Read More

A closer look at the AirPods Pro’s new hearing aid features

In November 2022, the FDA passed a resolution allowing Americans to purchase hearing aids over-the-counter. The move launched a mini-industry, with companies rushing to make available technology that was previously mired in healthcare restrictions. Consumer electronics firms saw o…Read More

Groww pays $160M tax as it returns to India amid a startup relocation wave

Indian stock trading and mutual fund startup Groww paid $159.4 million in taxes as it shifted its domicile from the U.S. back to India, the company said in a statement on Monday. Nearly a dozen Indian startups are in the process of relocating their headquarters to India…Read More

The WordPress vs. WP Engine drama, explained

This story has been updated throughout with more details as the story has developed. We will continue to do so as the case and dispute are ongoing. 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…Read More

Perplexity is reportedly looking to fundraise at an $8B valuation

AI search engine Perplexity is in fundraising talks and hopes to raise around $500 million at an $8 billion valuation, according to the Wall Street Journal. If a deal happens with those terms, it would more than double Perplexity’s valuation from its $3 billion valuation when it…Read More

Perplexity is reportedly looking to fundraise at an $8B valuation

AI search engine Perplexity is in fundraising talks and hopes to raise around $500 million at an $8 billion valuation, according to the Wall Street Journal. If a deal happens with those terms, it would more than double Perplexity’s valuation from its $3 billion valuation when it…Read More

Perplexity is reportedly looking to fundraise at an $8B valuation

AI search engine Perplexity is in fundraising talks and hopes to raise around $500 million at an $8 billion valuation, according to the Wall Street Journal. If a deal happens with those terms, it would more than double Perplexity’s valuation from its $3 billion valuation when it…Read More