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Struggling fusion power company General Fusion gets $22M lifeline from investors

General Fusion, a Canadian nuclear fusion energy startup, announced today that it had been thrown a lifeline in the form of $22 million in fresh funding. The company had laid off at least 25% of its employees in May in a bid to shore up its stretched finances. At the same time, CEO Greg Twinney wrote an open letter pleading for funding. The additional cash will give General Fusion some breathing room, though not much. A subset of General Fusion’s existing investors ultimately ponied up for wha

YouTube Music celebrates 10 years with new features that help it compete with Spotify

YouTube is celebrating 10 years of its YouTube Music app on Thursday with the launch of new features that bring it closer to rival Spotify and others. The app will now include “Taste Match” playlists, which are playlists that combine multiple users’ overlapping interests, similar to Spotify Blend. The app will also start notifying users of upcoming releases, merch, and concerts, and is partnering with Bandsintown to help fans discover concerts when watching videos and Shorts on YouTube itself.

Nvidia is latest investor to back AV startup Nuro in $203M funding round

Nvidia is among a group of new investors to back Nuro — which develops self-driving software for delivery and ride-hailing services — in a funding round that has reached $203 million. The Silicon Valley startup announced Thursday that several investors, including existing backer Baillie Gifford, added another $97 million to its Series E round. New investors include Icehouse Ventures, Kindred Ventures, Nvidia, and Pledge Ventures. Uber, which last month said it would make a “multi-hundred-millio

Google to pay $30 million to settle class-action suit over children's privacy

Google has reached a settlement over a lawsuit that claimed it illegally collected data from child users without parental consent through its YouTube video platform and then sent them targeted ads. The tech giant will shell out $30 million to settle the proposed class-action suit. According to Reuters , the plaintiffs' lawyers said there could be 35 million to 45 million class members. Children aged 13 or younger who watched YouTube between July 1, 2013 and April 1, 2020 could be covered. The pr

TechCrunch Mobility: Ford’s big bet

Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! Ford made its big EV announcement early this week — a plan to invest $2 billion to transform its Louisville Assembly Plant into a factory capable of making a new generation of affordable EVs, starting with a midsize pickup truck with a base price of $30,000 that is slated to launch in 2027. Amid the prese

Nebraska man gets 1 year in prison for $3.5M cryptojacking scheme

A Nebraska man was sentenced to one year in prison for defrauding cloud computing providers of over $3.5 million to mine cryptocurrency worth nearly $1 million. Charles O. Parks III (also known as "CP3O") was arrested and charged in April with wire fraud, money laundering, and engaging in unlawful monetary transactions. He was facing up to 20 years in prison in December after admitting that he didn't pay a $3.5 million bill after renting cloud computing time from two providers for his cryptojac

Massive Allianz Life data breach impacts 1.1 million people

Hackers have stolen the personal information of 1.1 million individuals in a Salesforce data theft attack, which impacted U.S. insurance giant Allianz Life in July. Allianz Life has nearly 2,000 employees in the United States and is a subsidiary of Allianz SE, which has over 128 million customers worldwide and ranks as the world's 82nd largest company based on revenue. As the company disclosed last month, information belonging to the "majority" of its 1.4 million customers was stolen by attack

Linktree goes dark in India — and the company isn’t sure why

Linktree, the popular link-in-bio service used by millions of creators and businesses, has been inaccessible in India for several days — and its sudden disappearance from the Indian web remains a mystery, even to the Australian startup itself. Over the past week, Linktree has been inaccessible in India, with a few users raising the issue on X. Initially, TechCrunch noticed that the site briefly displayed a message suggesting it had been blocked by the Indian government. Later, this was replaced

Bitcoin sinks to $115,000 after hitting its newest record, as macro concerns spark liquidation wave

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. The crypto market tumbled to begin the week as heightened macro concerns triggered more than $500 million in forced selling of long positions. The price of bitcoin was last lower by 2% at $115,255.70, after touching a new all-time high last week – its fourth one this year – at $124,496. At one point, it fell as low as $114,706. Ether slid 4% to $4,283.15 after

U.S. seizes $2.8 million in crypto from Zeppelin ransomware operator

The U.S. Department of Justice (DoJ) announced the seizure of more than $2.8 million in cryptocurrency from suspected ransomware operator Ianis Aleksandrovich Antropenko. Antropenko, indicted in Texas for computer fraud and money laundering, was linked to Zeppelin ransomware, a now-defunct extortion operation that ran between 2019 and 2022. Apart from the digital asset seizure, the authorities also confiscated $70,000 in cash and a luxury vehicle. “Antropenko used Zeppelin ransomware to targe

ChatGPT’s mobile app has generated $2B to date, earns $2.91 per install

ChatGPT’s mobile app is raking in the revenue. Since launching in May 2023, ChatGPT’s app for iOS and Android devices has reached $2 billion in global consumer spending, according to a new analysis by app intelligence provider Appfigures. That figure is approximately 30-times the combined lifetime spending of ChatGPT’s rivals on mobile, including Claude, Copilot, and Grok, the analysis indicates. So far this year, ChatGPT’s mobile app has made $1.35 billion, up 673 percent year-over-year from

Kodak Says Reports of Its Imminent Demise Are Greatly Exaggerated

Fears have swirled that Kodak, one of the last large film companies in the world, may soon be shutting its doors. Those fears were spurred by a regulatory filing released Monday, in which the company spoke of its debt load and a lack of liquidity to pay it off. However, the company has since emerged to deny that it will be shutting down anytime soon. “Media reports that Kodak is ceasing operations, going out of business, or filing for bankruptcy are inaccurate and reflect a fundamental misunder

Over $300 million in cybercrime crypto seized in anti-fraud effort

More than $300 million worth of cryptocurrency linked to cybercrime and fraud schemes has been frozen due to two separate initiatives involving law enforcement and private companies. One initiative is the T3+ Global Collaborator Program launched by the T3 Financial Crime Unit (T3 FCU), a joint effort deployed almost a year ago by intelligence firm TRM Labs, TRON, and Tether, with Binance joining as the first official member - all major forces in the blockchain space. According to intelligence

Gemma 3 270M: Compact model for hyper-efficient AI

Today, we're adding a new, highly specialized tool to the Gemma 3 toolkit: Gemma 3 270M , a compact, 270-million parameter model designed from the ground up for task-specific fine-tuning with strong instruction-following and text structuring capabilities already trained in. The last few months have been an exciting time for the Gemma family of open models. We introduced Gemma 3 and Gemma 3 QAT , delivering state-of-the-art performance for single cloud and desktop accelerators. Then, we announce

Palantir's astronomical growth in 3 charts

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc. Scott Eelis | Bloomberg | Getty Images Palantir 's astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more

3 charts that show Palantir's astronomical growth over the last five years

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc. Scott Eelis | Bloomberg | Getty Images Palantir 's astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more

Gemma 3 270M: The compact model for hyper-efficient AI

Today, we're adding a new, highly specialized tool to the Gemma 3 toolkit: Gemma 3 270M , a compact, 270-million parameter model designed from the ground up for task-specific fine-tuning with strong instruction-following and text structuring capabilities already trained in. The last few months have been an exciting time for the Gemma family of open models. We introduced Gemma 3 and Gemma 3 QAT , delivering state-of-the-art performance for single cloud and desktop accelerators. Then, we announce

Kodak has no plans to cease, go out of business, or file for bankruptcy

Media reports that Kodak is ceasing operations, going out of business, or filing for bankruptcy are inaccurate and reflect a fundamental misunderstanding of a recent technical disclosure the Company made to the SEC in its recently filed second quarter earnings report. These articles are misleading and missing critical context, and we'd like to set the record straight. The most important things to know are: Kodak has no plans to cease operations, go out of business, or file for bankruptcy prote

Lovable projects $1B in ARR within next 12 months

In Brief Vibe coding startup Lovable aims to hit $1 billion in annual recurring revenue within the next 12 months, according to its CEO, Anton Osika. Speaking on Bloomberg TV on Thursday, Osika said the company grows by at least $8 million in ARR each month. In a blog post written this summer, the company said it passed $100 million in ARR just eight months after making its first $1 million. Osika told Bloomberg Thursday the company is projecting to reach $250 million in ARR by the end of this

Kodak denies it’s shutting down amid media reports of financial struggles

Eastman Kodak is denying reports that it’s shutting down. On Wednesday, media outlets like CNN and CNBC detailed the company’s ongoing financial challenges, including statements made in its earnings report that warned investors it didn’t have “committed financing or available liquidity” to meet debt obligations coming due within 12 months. However, Kodak quickly published a press release to counter these claims, noting it has “no plans to cease operations” or file for bankruptcy protection. Ra

Statement Regarding Misleading Media Reports

Media reports that Kodak is ceasing operations, going out of business, or filing for bankruptcy are inaccurate and reflect a fundamental misunderstanding of a recent technical disclosure the Company made to the SEC in its recently filed second quarter earnings report. These articles are misleading and missing critical context, and we'd like to set the record straight. The most important things to know are: Kodak has no plans to cease operations, go out of business, or file for bankruptcy prote

Loveable projects $1B in ARR within next 12 months

In Brief Vibe coding startup Loveable aims to hit $1 billion in annual recurring revenue within the next 12 months, according to its CEO, Anton Osika. Speaking on Bloomberg TV on Thursday, Osika said the company grows by at least $8 million in ARR each month. In a blog post written this summer, the company said it passed $100 million in ARR just eight months after making its first $1 million. Osika told Bloomberg Thursday the company is projecting to reach $250 million in ARR by the end of thi

Just Half of ‘Wednesday’ Season 2 Has Already Matched Season 1’s Ratings

The numbers are in, and Wednesday season two, part one has hit 50 million views in only five days. Based on a report from Variety, the show, which premiered August 4, has matched season one’s streaming performance. That might crack a sardonic smile from Wednesday (Jenna Ortega) herself and make Grandmama proud. Between this and KPop Demon Hunters, Netflix is killing it by knowing its audience and giving creatives the freedom to push storytelling boundaries. This season brought in more Addamses

Threads crosses 400M monthly active users as it gains on X

Following a recent series of welcome updates as Threads turned two, Meta CEO Mark Zuckerberg announced today that his X competitor crossed 400 million monthly active users (MAUs), a 50 million boost since April. Zuckerberg’s announcement today was short, but significant: The last time Meta detailed its monthly active user number was on April 30, during its Q1 2025 earnings call, up from 320 million in Q4 2024 in late January. If it keeps it stride, this means Meta could see north of 100M MAUs

Claude gets 1M tokens support via API to take on Gemini 2.5 Pro

Claude Sonnet 4 has been upgraded, and it can now remember up to 1 million tokens of context, but only when it's used via API. This could change in the future. This is 5x more than the previous limit. It also means that Claude now supports remembering over 75,000 lines of code, or even hundreds of documents in a single session. Previously, you were required to submit details to Claude in small chunks, but that also meant Claude would forget the context as it hit the limit. With up to a 1 milli

Circle shares fall after stablecoin issuer says it will offer 10 million shares

Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. Circle Internet Group stock tumbled more than 5% in extended trading Tuesday after it said it would offer 10 million Class A shares to the public. Of the total stock being offered, 2 million shares will be offered by Circle. The remaining 8 million shares will be sold by stockholders. The stablecoin issuer's shares have soared more than 450% since it went public on June 5. As pa

Kodak Says It May Have to Close Up Shop

The iconic photography company Kodak could go out of business within a year. The 133-year-old American company warned investors Monday in a regulatory filing that there’s “substantial doubt” it can keep its doors open unless it pays down its debts or renegotiates its terms. In the filing, Kodak warned it has “debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current

Threads is up to 400 million monthly active users

Meta's X competitor, Threads, is continuing to add users at a brisk clip, with the social network now surpassing 400 million monthly active users. The news, reported by Fast Company , follows Threads reaching the 300 million mark in December 2024 and the 200 million mark in August 2024. FC also cited data from Similarweb that showed mobile performance for Threads drawing closer to the figures from X. In June, Threads posted 115.1 million daily active users on mobile and X had 132 million. Those

Pronto’s 10-minute house-help pitch sparked a 3.6x valuation jump in just 90 days

In 2025, the average urban Indian no longer needs to wait very long for much (except at government offices and in traffic): They simply have to order what they need from an app, and it’ll be delivered within minutes. The explosion of quick-commerce in the country has meant that millions of Indians are getting increasingly used to not having to wait for deliveries, or step out of their homes, as startups vie to make almost everything, from food and groceries to smartphones and gaming consoles, av

Threads now has more than 400 million monthly active users

Just two years since its launch as a competitor to Twitter (now X), Meta’s Threads has topped 400 million monthly active users (MAUs), Instagram head Adam Mosseri announced on Tuesday. “As of a few weeks ago we there are more than 400 million people active on Threads every month,” Mosseri wrote in a Threads post. “It’s been quite the ride over the last two years. This started as a zany idea to compete with Twitter, and has evolved into a meaningful platform that fosters the open exchange of per