Brooklyn-based electric vehicle charging infrastructure startup Revel on Monday launched its first fast-charging station in San Francisco, kicking off its plans to expand across the Bay Area over the next year. “For years, Revel has operated the largest, fastest, and most reliable fast-charging network in New York City,” Frank Reig, …
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Quick Take: Binance Suspends Employee Amid Insider Trading Allegations
Binance has suspended an employee following an internal investigation into allegations of insider trading. The staff member, formerly part of the BNB Chain’s business development team and recently transitioned to the Binance Wallet team, was found to have misused confidential information about an upcoming token generation event (TGE) for personal …
Read More »Daphni secures $215M for its third fund
French VC firm Daphni is announcing the first closing of its new fund, Daphni Blue. The firm has raised €200 million (around $215 million at current exchange rates). It expects to raise as much as €250 million ($270 million) by the end of the year. Some of Daphni’s most remarkable …
Read More »The Trump administration planned Yemen strikes in an unauthorized Signal chat
The Trump administration’s national security leaders accidentally included the editor-in-chief of the Atlantic, Jeffrey Goldberg, in a chat on Signal discussing confidential plans to attack Yemen’s Houthis. “I could not believe that the national-security leadership of the United States would communicate on Signal about imminent war plans,” Goldberg wrote of …
Read More »a16z- and Benchmark-backed 11x has been claiming customers it doesn’t have
Last year, AI-powered sales automation startup 11x appeared to be on an explosive growth trajectory. However, nearly two dozen sources — including investors and current and former employees — told TechCrunch that the company has experienced financial struggles, largely of its own making. Numerous people in the U.S. and U.K. …
Read More »OpenAI says its AI voice assistant is now better to chat with
OpenAI released updates Monday for Advanced Voice Mode, its AI voice feature that enables real-time conversations in ChatGPT, to make the AI assistant more personable and interrupt users less frequently. Manuka Stratta, an OpenAI post-training researcher, announced the changes in a video posted Monday to the company’s official social media …
Read More »A new, challenging AGI test stumps most AI models
The Arc Prize Foundation, a nonprofit co-founded by prominent AI researcher François Chollet, announced in a blog post on Monday that it has created a new, challenging test to measure the general intelligence of leading AI models. So far, the new test, called ARC-AGI-2, has stumped most models. “Reasoning” AI …
Read More »A Chinese tech giant says it slashed AI costs using only Chinese chips
Earlier this year, DeepSeek briefly crashed Nvidia’s stock because of speculation that its models require far fewer chips. Now, Chinese fintech giant Ant Group, which is backed by Alibaba founder Jack Ma, is claiming a major AI breakthrough. Ant was able to use Chinese chips made by Alibaba and Huawei …
Read More »Vertical farming company Plenty files for bankruptcy after raising nearly $1B
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in …
Read More »French VC firm Founders Future plans US expansion
Founders Future, a Paris-based VC firm with €300 million in assets under management (around $324 million at current exchange rates), is opening up the capital of the holding company that manages Founders Future’s funds and Sowefund. The company has sold a 25% stake in the holding company to MACSF, the …
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