US banks scramble to assess data theft after hackers breach financial tech firm: U.S. banking giants including JPMorgan Chase, Citi, and Morgan Stanley are working to identify what data was stolen in a recent cyberattack on a New York financial firm. Read More
Facebook takes on Reddit with launch of nicknames for Facebook Groups: Facebook users can protect their privacy in Groups using a new nicknames feature. Read More
Revolut hits $75B valuation in new capital raise: The deal was led by Coatue, Greenoaks, Dragoneer and Fidelity. Investors including Nvidia's NVentures, Andreessen Horowitz, Franklin Templeton, and other backers advised by T. Rowe Price Associates also participated. Read More
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Momentic raises $15M to automate software testing: AI testing startup Momentic has raised $15 million in a Series A round led by Standard Capital, with participation from Dropbox Ventures. Existing investors at Y Combinator, FCVC, Transpose Platform and Karman Ventures also participated. Read More
ChatGPT told them they were special — their families say it led to tragedy: A wave of lawsuits against OpenAI detail how ChatGPT used manipulative language to isolate users from loved ones and make itself into their sole confidant. Read More
Former MrBeast content strategist is building an AI tool for creator ideation and analytics: Palo is tool for short video creators to gain insights into what is working for them. Read More
Trump administration might not fight state AI regulations after all: A Trump administration order targeting state-level AI regulation is reportedly on hold. Read More
AI is too risky to insure, say people whose job is insuring risk: Major insurers including AIG, Great American, and WR Berkley are asking U.S. regulators for permission to exclude AI-related liabilities from corporate policies. One underwriter describes the AI models’ outputs to the FT as "too much of a black box." Read More
Successful fundraising begins with the right equity strategy. Fidelity’s latest guide will help you learn how to streamline your equity management and avoid common pitfalls. Learn key equity concepts like ownership and dilution and how to optimize your cap table and data room to connect with investors more effectively.
Kindred talks home-swapping platform for travelers, Chef Robotics introduces AI into commercial kitchens, and Character.AI addresses chatbot safety with teens.
This startup wants to build a fusion reactor — on a boat: Startups are still racing to build the world's first commercial fusion power plant on land, but Maritime Fusion thinks the path will be easier out at sea. Read More
