Author: TechBrunch
What does cryptocurrency smell like? According to Binance's new fragrance “Crypto”, ozone, salt, and moss. Binance is the world's largest cryptocurrency exchange by trading volume, but the company faces serious challenges. The company and co-founder Zhao Changpeng have pleaded guilty to money laundering charges and agreed to pay a $4.3 billion fine to the U.S. Department of Justice. Since then, Binance has laid off two-thirds of its staff and trading revenue has fallen by 75%. Meanwhile, Binance's marketing department is working on a different kind of problem: one with a lower risk of fraud. To celebrate International Women's Day, Binance…
A Korean startup called QuotaLab is trying to follow in the footsteps of Carta, a cap table management company used by many American startups and investors. Carta started life as “eShares” in 2012 as a capital table management service that startups could use to issue stock to investors and employees. Currently, its stable service offering has expanded from valuation and stock management to bookkeeping, risk assessment, and brokerage services. The company also operated a secondary stock market that investors could use to trade shares in startups, but shut down that service earlier this year after a bit of controversy. QuotaLab,…
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies for more wide-ranging needs. And that growth has propelled OpenAI itself into becoming one of the most-hyped companies in recent memory, even if CEO and co-founder Sam Altman’s firing and swift return raised concerns about its direction and opened the door for competitors. What does that mean for OpenAI, ChatGPT and its other ambitions? The fallout is still settling,…
In the world of HR technology startups, there are Davids and Goliaths. Diehl and Rippling are Goliaths, both raising millions of dollars in venture capital. But Remofirst, which just secured $25 million in Series A funding, is proving to be a very valuable asset. Remofirst, an HR technology startup, advertises that it hires its clients' employees and contractors on its clients' behalf in more than 180 countries, without the need for those companies to set up local subsidiaries. According to CEO and co-founder Nurasyl Serik, this will help these companies save both time and money, while also helping to strengthen…
Welcome to Elon Musk’s Twitter (now X), where the rules are made up and the check marks don’t matter. The Tesla and SpaceX CEO announced his bid to buy Twitter in April 2022, zealously driven to rid the platform of spam bots and protect free speech; now, it’s the one-year anniversary since he made his dramatic entrance to the company in October 2022, and the platform has changed so much that even its name is different. “This is just my strong, intuitive sense that having a public platform that is maximally trusted and broadly inclusive is extremely important to the…
Billions of people around the world will vote in elections this year. In 2024, high-stakes races can and will take place in more than 50 countries, from Russia and Taiwan to India and El Salvador. Incendiary candidates and looming geopolitical threats will test even the normally stalwart democracies. But this year is not a normal year. AI-generated disinformation and misinformation is flooding our channels at a rate never seen before. And very little is being done about it. In a new study published by the Center for Countering Digital Hate (CCDH), a British non-profit dedicated to combating online hate speech…
Apple's iOS 17.4 update is primarily aimed at bringing iOS into compliance with EU digital market regulations. However, the company also released a new API called FinanceKit that allows developers to retrieve transaction and balance information from his Apple Card, Apple Cash, and Savings with Apple. At launch, the company partnered with YNAB, Monarch, and Copilot.in Post to X, Copilot said users will be able to track all of their Apple financial accounts in real time. Previously, Copilot users had to upload documents to confirm transactions. The most requested credit card integration is now available with Copilot Money 💳 Starting…
Today, large organizations often use “business intelligence” (BI) tools to understand what's going on within their operations. This has created many lumbering leviathans in the software world. Now, British startup Fluent has launched a $7.5 million investment led by Hoxton Ventures and Tiferes Ventures to apply AI-based large-scale language models (LLMs) to business databases and make research by the public much easier. We have completed a seed investment round of USD. Essentially, BI tools connect to business databases and use SQL to create visualizations and build BI dashboards. This space involves giants like Tableau (owned by Salesforce), Power BI (owned…
Animal-based products have a familiar taste and texture, and recreating that with plant-based alternatives has been a challenge for some companies. Dairy in particular is an area where you need to get a “creamy” texture without using real cream. Cultivate Biosciences, a Swiss biotech food startup, says it has solved this problem by developing a yeast cream that is derived from a specific type of oleaginous yeast and mimics the texture and mouthfeel of traditional cream. There is. The company raised a pre-seed round of $1.5 million in 2022. At the time, the company was developing fat-rich ingredients with the…
Spotify today announced that it has submitted a new version of its App Store that shows pricing and feature information for the audio company's various plans in the EU. The update, which is pending Apple approval, also includes a link for users to purchase a subscription plan from Spotify's website. Earlier this week, the European Commission fined Apple a hefty 1.84 billion euros ($2 billion) for its anti-competitive practices in the music streaming market. EU competition chief Margrethe Vestager told a press conference that Apple should stop its anti-steering behavior. “Going forward, Apple will have to give music streaming developers…