Source: TechCrunch

a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash

Tally, a nine-year-old fintech that helped consumers manage and pay off their credit card debt, has shut down, according to the company. In a LinkedIn post that was shared earlier…
Mary Ann Azevedo
Aug. 12, 2024, 10:33 p.m.
5 min read
Source: TechCrunch

SEC charges crypto firm NovaTech with fraud

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community.…
Kyle Wiggers
Aug. 12, 2024, 10:03 p.m.
5 min read
Source: TechCrunch

TechCrunch Space: It’s a bird, it’s a plane — it’s a rocket-powered aircraft!

Dawn Aerospace Mk-II is essentially “an aircraft with the performance of a rocket, not a rocket with wings.”
Aria Alamalhodaei
Aug. 12, 2024, 10:03 p.m.
5 min read
Source: TechCrunch

FBI takes down ransomware gang that hacked dozens of companies

The FBI’s takedown of the Radar/Dispossessor ransomware and extortion gang is a rare win in the fight against ransomware.
Zack Whittaker
Aug. 12, 2024, 9:03 p.m.
5 min read
Source: TechCrunch

The biggest data breaches in 2024: 1 billion stolen records and rising

Some of the largest, most damaging breaches of 2024 already account for over a billion stolen records. Plus, some special shoutouts.
Zack Whittaker
Aug. 12, 2024, 8:03 p.m.
5 min read
Source: TechCrunch

Euro VCs welcome Balderton’s fresh $1.3B but grumble about Europe’s AI misses

In the last 12 months, Balderton has announced 12 new investments.
Mike Butcher
Aug. 12, 2024, 6:33 p.m.
5 min read
Source: TechCrunch

What is AI good for anyway? Maybe not summarizing

There’s a fascinating look by John Herrman over at NYMag today at one of the big proposed uses of AI: summarizing content. We all need things summarized, right? Everybody’s too…
Matt Rosoff
Aug. 12, 2024, 6:03 p.m.
5 min read
Source: TechCrunch

TikTok comes for messaging apps with the addition of group chats

TikTok looks to be taking on popular messaging services like Meta’s WhatsApp and Apple’s Messages, as the company announced on Monday that it’s adding group chats to its platform. You…
Aisha Malik
Aug. 12, 2024, 6:03 p.m.
5 min read
Source: TechCrunch

What is AI good for, anyway? Maybe not summarizing

There’s a fascinating look by John Herrman over at NYMag today at one of the big proposed uses of AI: summarizing content. We all need things summarized, right? Everybody’s too…
Matt Rosoff
Aug. 12, 2024, 5:33 p.m.
5 min read
Source: TechCrunch

Google begins shipping locally made Pixel 8 in India ahead of Pixel 9 launch

Google Pixel 8 devices made in India start rolling off the production lines just ahead of the Pixel 9 launch.
Jagmeet Singh
Aug. 12, 2024, 5:03 p.m.
5 min read
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