Generative AI funding reached new heights in 2024

If there was any doubt, the generative AI bubble didn’t burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for …...Read More

Turo CEO: Attackers had clean records, so background checks wouldn't have stopped them

Two individuals rented cars from Turo, a peer-to-peer car-sharing platform, and used them to perform acts of violence earlier this week. First, a military veteran driving a Ford F-150 Lightning drove into a crowd of people, killing at least 15. Then, an active-duty Green Beret rented a Tesla Cybertruck, parked …...Read More

FTC orders AI accessibility startup accessiBe to pay $1M for misleading advertising

The U.S. Federal Trade Commission has fined accessiBe, a startup that claims to make websites more compatible with the screen readers blind people rely on to access the internet, for false advertising and compensating reviewers without disclosing that it sponsored the reviews. In a proposed order, the FTC would require …...Read More

Bench saved by the bell, and other last-minute deals that closed 2024

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Welcome to 2025! The first half of the week was relatively quiet in terms of startup announcements, but activity is already starting …...Read More

Hydrogen tax credit rules give startups clarity while boosting nuclear and carbon capture

Hydrogen startups are widely seen as a promising way to eliminate fossil fuels from heavy industry and long-haul transportation. But they have been stuck in limbo for the last couple years, waiting for official guidance from the U.S. Treasury on lucrative tax credits. The wait ended today, with the Treasury …...Read More

Venture fund founder sues PayPal alleging racial discrimination

PayPal is being sued by the founder of venture firm Andav Capital, who claims she was excluded from the payment giant’s diversity and equity program because she is Asian, according to a suit filed this week. In 2020, PayPal made a $530 million commitment to support more Black and minority-led …...Read More

US sanctions Chinese cyber firm linked to Flax Typhoon hacks

The U.S. government has sanctioned a Beijing-based cybersecurity company over its alleged links to a China government-backed hacking group, tracked as Flax Typhoon. The Treasury Department’s Office of Foreign Assets Control (OFAC) on Friday announced the sanctions against the Integrity Technology Group for its role in “multiple computer intrusion incidents …...Read More

Apple TV+ is free to stream this weekend

Apple is allowing anyone to access its Apple TV+ streaming service for free from Friday through Sunday. The company announced the weekend of free streaming earlier this week alongside a short video featuring its most popular TV shows, including “Severance,” “Slow Horses,” “Shrinking,” and more. It’s worth noting that this …...Read More

These MagSafe earbuds snap on to the back of an iPhone

We’ve seen a handful of AirPod-charging iPhone battery cases come and go over the years. Artronic’s new earbuds take a different approach, with a slim charging case that snaps directly to the back of MagSafe-compatible phones. The Komutr buds were announced on Friday, a few days ahead of their CES …...Read More

Electra found a cheap, clean way to purify iron, and it’s raising $257M to make it happen

Electra has raised $76.3 million to clean up the dirty ironmaking industry, TechCrunch has learned. The startup has developed a novel method of using electricity to coax pure iron out of low-grade ores, opening the door to cleaner steel. The new funding round, which was disclosed in a regulatory filing, …...Read More