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The Corporation for Public Broadcasting Is Shutting Down

The Corporation for Public Broadcasting will start winding down operations, purging most of its staff by Sept. 30, according to a press release, after nearly 60 years in operation delivering public media in the United States. The news comes after Republicans, led by President Donald Trump, stripped the non-profit company of its funding over claims of bias against conservatives. CPB President and CEO Patricia Harrison says that a small transition team will be in place through Jan. 2026 to make s

Corporation for Public Broadcasting ceasing operations

WASHINGTON, D.C. (August 1, 2025) – The Corporation for Public Broadcasting (CPB) announced today that it will begin an orderly wind-down of its operations following the passage of a federal rescissions package and the release of the Senate Appropriations Committee’s FY 2026 Labor, Health and Human Services, Education, and Related Agencies (Labor-H) appropriations bill, which excludes funding for CPB for the first time in more than five decades. For nearly 60 years, CPB has carried out its Cong

How founders are ditching VC norms and finding capital on their own terms at TechCrunch Disrupt 2025

At TechCrunch Disrupt 2025, happening October 27–29 at Moscone West in San Francisco, a candid conversation is coming to the Builder Stage — one that unpacks what startup funding looks like beyond the venture capital echo chamber. Funding routes that don’t start in the Valley Founders today have more capital paths than ever. But how do you navigate them — and know which one actually supports your growth? In this session, hear from Erik Allebest, the CEO and co-founder of chess.com; Gale Wilkin

$15 billion in NIH funding frozen, then thawed Tuesday in ongoing power war

Amid the Trump administration's ongoing efforts to wrest the power of the purse from Congress, an estimated $15 billion allotted by lawmakers to fund life-saving biomedical research via the National Institutes of Health was temporarily frozen and then said to be released Tuesday. According to reporting by The Wall Street Journal, the initial decision to withhold the funding came from Russell Vought, the director of the Office of Management and Budget for the Trump administration and Project 202

Anthropic in talks to raise fresh capital at $170 billion valuation

Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors' thirst for a piece in the fastest growing AI companies. In March, Anthropic closed a $3.5 billion round at a $61.5 billion, led by Lightspeed Venture Partners. Bloomberg was first to r

We Need a European Sovereign Tech Fund

Open source software is open digital infrastructure that our economies and societies rely on. Nevertheless, open source maintenance continues to be underfunded, especially when compared to physical infrastructure like roads or bridges. So we ask: how can the public sector better support open source maintenance? As part of our efforts to support developers, GitHub’s developer policy team has commissioned a study from Open Forum Europe, Fraunhofer ISI and the European University Institute that ex

Amazon venture fund backs startup developing fix for return fraud

Packages ride on a conveyor belt during Cyber Monday at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. The company has just closed a $12 million seed financing, led by venture firm Felicis, with participation from Amazon's $1 billion Industrial Innovation Fund and other investors. Cambridge Terahertz, a Sunnyvale, California-based startup, has developed a 3D imaging system that can see inside unopened packages, enabling retailers to more easily and quickly spot cases of

Betaworks’ third fund closes at $66M to invest in early-stage AI startups

New York City-based Betaworks has closed its $66 million Fund III, which will focus on investing in early-stage AI companies. Betaworks has been investing in AI since at least 2016 and, through its investment program Camp, has backed companies such as Huggingface and Granola. Jordan Crook, a partner at the firm (and former TechCrunch employee), said the new fund will focus on agents, native AI interfaces, and application-layer AI. “Around these themes, we will continue to do straight seed inve

Indian crypto exchange CoinDCX confirms $44M stolen during hack

India’s largest crypto exchange CoinDCX has confirmed that one of its internal operational accounts was compromised in a recent security breach, allowing the hackers to make off with millions in crypto. On Saturday, CoinDCX co-founder and CEO Sumit Gupta disclosed in a post on X that an internal account “used only for liquidity provisioning on a partner exchange” was compromised during the hack. The executive assured that the incident did not affect customer funds and that all its customer asse

Indian crypto exchange CoinDCX confirms $44 million stolen during hack

India’s largest crypto exchange CoinDCX has confirmed that one of its internal operational accounts was compromised in a recent security breach, allowing the hackers to make off with millions in crypto. On Saturday, CoinDCX co-founder and CEO Sumit Gupta disclosed in a post on X that an internal account “used only for liquidity provisioning on a partner exchange” was compromised during the hack. The executive assured that the incident did not affect customer funds and that all its customer asse

Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel's Founders Fund

Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel's Founders Fund and Lux Capital. The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks to beef up its shipbuilding and naval defense capabilities. "What we really need in this country is this quantum leap above China's manufacturing model," said CE

Senate votes to kill entire public broadcasting budget in blow to NPR and PBS

The US Senate voted to rescind two years' worth of funding from the Corporation for Public Broadcasting (CPB), delivering a blow to public radio and television stations around the country. The CPB is a publicly funded nonprofit corporation that supports NPR and PBS stations. The 51-48 vote today on President Trump's rescissions package would eliminate $1.1 billion that was allocated to public broadcasting for fiscal years 2026 and 2027. All 51 yes votes came from Republicans, while Sens. Susan

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO, and more

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz; Rich Paul, CEO and founder of Klutch Sports Group; and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Crypto theft is booming as criminals increasingly turn to physical attacks

The value of cryptocurrencies stolen by criminals surged in the first six months of 2025 after a high-profile hack and a wave of physical attacks targeting crypto holders and their relatives. So far this year, $2.17 billion has been stolen from crypto services — already eclipsing the $1.87 billion of funds stolen from platforms in 2024 — and this is expected to reach $4 billion by the end of 2025, according to a report published Thursday by blockchain analysis firm Chainalysis. Overall, the co

Mill: A better build tool for Java, Scala, and Kotlin

If you want to contribute to Mill, or are interested in the fundamental ideas behind Mill rather than the user-facing features discussed above, check out the page on Mill Design Principles. In particular, this video is a must-watch to help you understand the fundamental concepts behind Mill and why they are interesting:

Rex Salisbury’s Cambrian Ventures raises new fund, bucking fintech slowdown

Rex Salisbury, the solo GP behind Cambrian Ventures, fondly recalls the time he fell in love with fintech. The year was 2015, he had recently left his job as an investment banker to try his hand on engineering at a mortgage startup in San Francisco. “That’s when you had companies like Stripe, Plaid, Credit Karma, Wealthfront starting to scale,” he told TechCrunch. “Lending Club had just done their IPO, and was trading really well.” Investors’ excitement for fintech grew exponentially in the fo

The Chainsmokers’ Mantis Ventures closes $100M third fund

In Brief Mantis Ventures, the venture capital firm co-founded by Alex Pall and Drew Taggart of the electronic DJ group The Chainsmokers, has raised $100 million in commitments for its third fund. At $100 million, the firm’s newest fund is 25% larger than Mantis’s previous $80 million fund, a notable achievement at a time when many venture firms are struggling to maintain their existing fund sizes or secure new capital. Mantis has invested in B2B companies, such as cybersecurity firm Chainguar

Jeff Bezos taps former Amazon Alexa head to lead $10 billion Earth fund

Jeff Bezos gestures as he leaves Aman Venice hotel, ahead of his expected wedding, in Venice, Italy, on June 25, 2025. Jeff Bezos is bringing in a veteran Amazon executive to oversee his $10 billion climate and biodiversity fund. Tom Taylor, who previously ran Amazon's Alexa voice assistant division, will serve as the new president and CEO of the Bezos Earth Fund, the former tech executive wrote in a LinkedIn post on Tuesday. Taylor announced his retirement from Amazon in 2022 after roughly 23

Brian Singerman is raising over $500M for a new fund with a twist on the VC model

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A portion of GPx’s fund will likely come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting pre-seed and seed-stage startups;

Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A significant portion of GPx’s fund, potentially as much as 50%, will come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting

UK launches £500M package to support diverse, underrepresented investors and founders

The British Business Bank, owned by the UK government, is creating a £500 million (around $674 million) economic package to help support diverse and underrepresented fund managers and founders in the country. Fifty million pounds will be set aside for female-led venture funds, which means the BBB has now committed at least £100 million (around $135 million) to supporting female-led ventures and the government’s Invest in Women Taskforce. Meanwhile, £400 million (around $539 million) will go to

Sarah Smith launches $16M fund, says AI can ‘unlock’ so much for solo GPs like herself

Sarah Smith, founder and managing partner of the eponymous Sarah Smith Fund, announced Thursday the final closing of a $16 million Fund I. Smith launched her eponymous fund in 2022 and is a solo GP. She said she’s “stunned” by what AI can unlock for firms like hers, solo and next-generation. “I can’t imagine doing venture any other way now,” she said. “While I believe company building still requires a team effort, I believe early-stage investing is best done solo.” She appreciates how she can

Topics: ai fund said smith solo

Empowering Disabled Students Through Teaching Tech: The TechAble Training Initiative at KNUST

What Is TechAble? The TechAble training initiative at the Kwame Nkrumah University of Science and Technology (KNUST) in Ghana began in February 2025 and ran for eight weeks. Aimed at supporting students with disabilities, TechAble provided mentorship and high-quality instruction for three courses: web development, graphic design, and digital marketing. The teaching and mentorship demystified commonly used programs and tools in the three course topics, allowing students to complement what they l

Mistral is reportedly in talks to raise $1B

In Brief French AI startup Mistral is in talks to raise up to $1 billion in equity from investors including Abu Dhabi’s MGX fund, reports Bloomberg, citing people familiar with the matter. Mistral is also talking to French lenders like Bpifrance SACA to raise hundreds of millions of euros in debt, per Bloomberg. TechCrunch has reached out to Mistral for comment. Mistral, makers of the Le Chat chatbot, is one of the most significant players in the European AI landscape with a focus on open-wei

Catalio Capital closes over $400M Fund IV

In Brief Venture capital firm Catalio Capital Management announced today the closing of its more than $400 million Fund IV, as first reported by Bloomberg. The fund will continue the firm’s thesis of backing healthcare and biotechnology companies. The firm was founded in 2020 and has made more than 100 investments, according to PitchBook. Catalio’s Fund IV, in particular, has backed 16 companies already, including the diagnostics company PinkDx and the drug discovery company Superluminal Medic