Larry “Major Nelson” Hryb helps Midwest Games navigate the industry’s choppy water
Larry Hryb made a name for himself during a long career at Xbox. Players best knew him as Major Nelson, and he would serve as a bridge between the company and its fans via podcasts and videos. Last year, he announced his departure from Xbox. Now he’s been active in new ways to contribute to the industry, including acting as an advisor to Midw…Read More
X is testing NSFW adult communities, according to screenshots
<div><p>Even though X seems to be working on this NSFW Communities feature, that doesn't mean it'll come to fruition.</p>
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Sam Bankman-Fried gets 25 years in prison for fraud and money-laundering at FTX, ordered to pay $11B in forfeiture
<div><p>Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during his trial. “When […]</p>
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Buy-now-pay-later on a Porsche? Zaver now has $30 million to make it a reality
<div><p>We last checked in on Zaver, a Swedish B2C Buy-Now-Pay-Later (BNPL) provider in Europe, when it raised a $5 million funding round in 2021. The company has now closed a $10 million extension to its Series A funding round, bringing its total Series A to $20 million. Total investment to date stands at $30 million. […]</p>
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AI21 Labs juices up gen AI transformers with Jamba
According to AI21 Labs Jamba can outperform traditional transformer-based models on generative reasoning tasks as measured by benchmarks such as HellaSwag.Read More
SBF sentenced, Worldcoin hit with another ban order and big web3 pre-seed rounds are back
<div><p>Welcome to TechCrunch Crypto, formerly known as Chain Reaction. This is the last edition of this newsletter. I want to personally thank each of you for reading this and if you would like to stay in touch, you can follow me on X here for future updates. With that said, the show goes on. This […]</p>
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Meet Kidsy, a kids’ clothing startup that sells what parents need at a discount
<div><p>All parents know that raising kids is expensive. Especially in those early years when they quickly outgrow clothes or toys, leaving parents on a never-ending cycle of buying new stuff when the old stuff is hardly worn or used. Enter Kidsy, a new Chicago-based e-commerce startup that aims to give consumers greater access to discounted […]</p>
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YouTube now lets creators share exclusive Shorts with their paying subscribers
<div><p>YouTube is launching “members only” Shorts, allowing creators to share short-form videos exclusively to their paying viewers.</p>
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Skyflow raises $30M more as AI spikes demand for its privacy business
<div><p>This morning, Skyflow announced that it has raised a $30 million Series B extension led by Khosla Ventures. The deal is interesting on a number of fronts, including the round’s structure and how Skyflow has been impacted by the growth of AI. The new capital comes after Skyflow expanded its data privacy business to support […]</p>
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US offers $10M to help catch Change Healthcare hackers
<div><p>The government's reward for information now extends to ALPHV's affiliates, which claimed responsibility for a massive weekslong healthcare cyberattack.</p>
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Ibotta’s expansion into enterprise should set it up for a successful IPO
<div><p>Ibotta's recent partnerships with brands Exxon, Shell and Walmart helped the company reach profitability.</p>
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King of Crypto SBF jailed for 25 years in New York
This morning we reported that disgraced crypto magnate Sam Bankman-Fried was due to be sentenced in New York this morning, with the Prosecution looking for between a 40-50 year term and SBF’s defense team arguing a five-year term would be more acceptable.
The judge meanwhile had the ability to lock up Bankman-Fried and effectively throw away the key with a 110-year sentence but has just issued a 25-year sentence for his part in the collapse of the FTX cryptocurrency exchange.
Bankman-Fried was f
Amazon to ‘invest $150bn in data centers’ for AI growth
Amazon is reportedly gearing up to invest nearly $150 billion over the next 15 years in data centers. This substantial financial commitment will equip the cloud-computing giant with the necessary resources to manage a projected rise in demand for AI applications and various digital services.
Bloomberg reports that this investment is a strategic display of dominance, to preserve Amazon’s leading position in the cloud services sector. Amazon currently holds about twice the market share of its clos
Story Protocol and Magma will help artists grow with ‘programmable intellectual property’
Story Protocol is teaming up with art platform Magma to help millions of artists monetize their creations through programmable IP.Read More
TechCrunch Minute: You’re likely seeing less news and politics on Instagram. Here’s why
<div><p> As the election cycle heats up, Instagram and Threads will be cooling down the amount of political content entering many users’ feeds. These changes, which limit the reach of political content from accounts users don’t already follow, are enacted by default. If you’re already wondering how to get that kind of content back into […]</p>
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Lightning AI launches next-gen AI compiler ‘Thunder’ to accelerate model training
According to Lightning AI, the compiler Thunder achieves up to a 40% speed-up for training LLMs when compared to unoptimized code in real-world scenarios.Read More
Is AI’s next big leap understanding emotion? $50M for Hume says yes
Hume AI's EVI may have just set a new standard in mind-blowing human-like interactivity, intonation, and speaking qualities..Read More
Omeda Studios launches open beta for free-to-play MOBA Predecessor
Omeda Studios launched its multiplayer online battle arena (MOBA) game Predecessor into open beta today on PC via Steam, Epic Games Store, PlayStation 4/5 and Xbox Series X|S.Read More
Sega announces layoffs and sale of Relic Entertainment
In an effort to cut costs, Sega announced that they will be laying off 240 staff across three subsidiary companies as well as selling Relic Entertainment to an external private investor.
The job losses will be spread across three of Sega’s subsidiaries: Sega HARDLight (responsible for multiple Sonic The Hedgehog franchise games), Sega Europe, and Creative Assembly (developers of the popular Total War series).
Relic Games stated in a post on X that they plan to continue to support Company of Hero
StealthMole secures $7m funding for its AI-powered dark web intelligence firm
StealthMole, a rising dark web data intelligence startup, has announced that it secured $7 million in a Series A funding round.
We’re incredibly excited to announce that StealthMole has just closed a US$7 million Series A funding round!
A huge thank you to all our investors, partners, customers, and our incredible team for their unwavering support that has allowed us to reach this significant milestone.…
— Fusion Intelligence Center @ StealthMole (@stealthmole_int) March 28, 2024
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