Source: TechCrunch

Solar power magnate Gautam Adani and others indicted over alleged $250M bribery scheme

Billionaire Gautam Adani and several executives at his company, the Indian conglomerate Adani Group, have been indicted over an alleged scheme to pay more than $250 million in bribes to Indian officials in exchange for contracts to a 12 gigawatt solar power project.
Tim De Chant
Nov. 20, 2024, 10:44 p.m.
5 min read
Source: TechCrunch

‘PDF to Brainrot’ study tools are a strange iteration on a TikTok trend

Several AI-based study tools are capitalizing on a “PDF to Brainrot” trend, which will read the text of a document you upload over “oddly satisfying” videos, like ASMR clips of mixing paint and cutting soap, or gameplay footage from Minecraft and Subway Surfers. Then, students can listen to an automated voice read their textbooks to them while they watch these vertical videos, which people on TikTok often refer to as “brainrot” material.
Amanda Silberling
Nov. 20, 2024, 10:14 p.m.
5 min read
Source: TechCrunch

Fusion startup Tokamak Energy attracts $125M for its egg-like reactor design

As the world races to add more power plants to satiate AI’s thirst for electricity, investors have been plowing money into nuclear fusion, the pie-in-the-sky technology that appears to be inching its way toward commercial viability.
Tim De Chant
Nov. 20, 2024, 9:44 p.m.
5 min read
Source: TechCrunch

It’s not just you, Reddit is down

Social media platform Reddit is experiencing an outage this afternoon, resulting in thousands of users being unable to access its website and app. Reddit confirmed that it’s currently investigating the issue, according to its status page.
Lauren Forristal
Nov. 20, 2024, 9:14 p.m.
5 min read
Source: TechCrunch

Another VC-backed fintech, Earnin, faces crackdown over allegedly ‘predatory’ loans

The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges.
Julie Bort
Nov. 20, 2024, 9:14 p.m.
5 min read
Source: TechCrunch

FTX CTO Gary Wang avoids prison time

Not every former top FTX executive is heading to prison.
Rebecca Szkutak
Nov. 20, 2024, 8:14 p.m.
5 min read
Source: TechCrunch

US charges five accused of multi-year hacking spree targeting tech and crypto giants

The U.S. government announced charges against five individuals accused of carrying out a multi-year hacking spree targeting tech giants and cryptocurrency owners, which security researchers dubbed 0ktapus.
Lorenzo Franceschi-Bicchierai
Nov. 20, 2024, 7:44 p.m.
5 min read
Source: TechCrunch

Benchmark invests $19M in New Lantern, a smarter way for radiologists to use AI

Shiva Suri gained a unique perspective into how radiologists work when he quarantined and shared a home office with his mom, a well-regarded radiologist.
Marina Temkin
Nov. 20, 2024, 7:14 p.m.
5 min read
Source: TechCrunch

May Mobility to test driverless shuttles in Ann Arbor

May Mobility is slowly advancing its driverless capabilities. The startup this week launched a small-scale deployment of autonomous shuttles, which will drive themselves along a fixed route without a human safety driver present. May will initially deploy one to two autonomous Toyota Sienna minivans to ferry employees and “invited guests” across a 2-square-mile area of the city.
Rebecca Bellan
Nov. 20, 2024, 7:14 p.m.
5 min read
Source: TechCrunch

Led by Anduril, defense tech funding sets a new record this year

Defense tech funding just reached a new high. Defense tech startups have raised almost $3 billion so far in 2024, according to Crunchbase. This surpassed the previous record from 2022 of $2.6 billion.
Margaux MacColl
Nov. 20, 2024, 6:44 p.m.
5 min read
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