Author: TechBrunch

Solana Labs co-founder hints at possibility of third mobile device Jacqueline Melinek 2 weeks Last month, Solana Mobile's flagship Web3 smartphone “Saga'' is sold out. Last week, the Solana Labs subsidiary launched his second phone, and in less than a week he had more than 40,000 pre-orders. However, the company's momentum is not slowing down anytime soon. “After Saga sold out, we felt there was an opportunity and we felt the market timing was right,” Anatoly Yakovenko, co-founder of Solana Labs, said on TechCrunch's “Chain Reaction” podcast. “timing [for the new phone] It worked in that moment. ” And if…

Welcome to TechCrunch Crypto, formerly known as Chain Reaction. Get a roundup of TechCrunch's biggest and most important crypto articles delivered to your inbox every Thursday at 12pm PT. Subscribe here. Hello. Welcome to the second edition of the new and improved TechCrunch Crypto newsletter. As mentioned above, we plan to add some fresh regular segments and features in addition to our regularly scheduled news. If you like what you see (or don't like), let us know at jacquelyn@techcrunch.com. Thankfully, that wasn't the case with the cryptocurrency world. too much This week has been chaotic, but let's take a look…

CEO says next version will resemble 'Apple products' Jacqueline Melinek 2 weeks It's been a while More than 180 days after Worldcoin went public, its futuristic-looking Orb device is undergoing upgrades, Tools for Humanity CEO and co-founder Alex Blania exclusively tells TechCrunch. “There's a new orb coming out, and the next iteration will be completely different,” Branier said during a fireside chat at Wednesday's StrictlyVC event. He joined the company about four years ago and said the initial design of the Orb predated his arrival. The next Orb will be released in the first half of this year and will…

Fintech is It's been a while since business has been in decline, and with companies like Brex once again cutting jobs to keep costs down, it's no wonder the market for financial technology products is struggling. . No, it's not. Brex may not have had a great quarter, but there's enough positive news from the fintech world to offset any negativity across the sector. Bilt Rewards’ new large round is a great example of the other side of the coin. The compensation-focused startup just raised nine-figure funding, significantly surpassing its unicorn valuation. Exchange explores startups, markets, and money. Read it…

Maybe As expected, many students who graduate with a PhD in an AI-related field end up joining an AI company, whether it's a startup or a big tech giant. According to Stanford University's 2021 Artificial Intelligence Quotient Report, the number of new AI PhD graduates entering the AI ​​industry in North America increased from 44.4% in 2010 to approximately 48% in 2019. In contrast, the proportion of new AI PhDs entering academia fell from 42.1% in 2010 to 23.7% in 2019. Private industry's willingness to pay top dollar for AI talent may be a factor. Job openings at the biggest…

There is an expectation that Modern AI technologies will become entrenched in every part of our lives due to the pandemic. Fittingly, startups and investors are working overtime to create and fund new technology companies to develop or deploy new AI technologies. Big rounds often make headlines, and startups are building their businesses at breakneck speed to stay ahead of both technological advances and the biggest tech companies with their own AI strategies. But despite all this enthusiasm, there are some minor details worth noting. That said, the economics for AI startups are often worse than for most software startups.…

past couple Years of hardship have been difficult and sometimes fatal for many crypto and web3 startups, but Dan Tapiero, CEO, CIO, and managing partner of 10T Holdings and 1RoundTable Partners, is not worried. yeah. In fact, in the midst of raising his company's fourth fund, he seems positively upbeat about the state of the crypto market, no matter what the situation is. “The deal right now is incredible,” he told TechCrunch+. “Now is the best time to invest in companies…Secondaries prices are at a 50%-80% discount from previous rounds, and this also applies to companies that are performing well.”…

Seems tenacious Like a balloon, no matter how hard cryptocurrencies get smashed, they tend to pop back up again. In every year I've covered decentralized markets and economics since 2013, I've found that to be true. Still, the latest crypto issues are starting to look a little different. Exchange explores startups, markets, and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. After a long recession — cryptocurrencies winterIf you like, blockchain and its component tokens and services appear to be on the rebound. The data paints a picture. Spot trading volumes hit a 12-month…

Singapore-based Terraform Labs (TFL), which operates digital assets TerraUSD (UST) and Luna, has filed for Chapter 11 bankruptcy protection in Delaware following the 2022 cryptocurrency collapse. Terraform Labs, which granted its application under Section 11 of the Bankruptcy Protection Act, said the filing was a “strategic move to continue its business and support pending litigation in Singapore and US litigation involving the Securities and Exchange Commission.” ”. The group also said it will “fulfill all financial obligations to employees and vendors during the Chapter 11 litigation” without the need for additional financing. According to court documents filed today, Terraform Labs'…

I have Ripple, but It has been around since 2012 and is working with the XRP Ledger to advance the global payments journey. At the same time, the company aims to be the go-to enterprise infrastructure provider, company president Monica Long said on TechCrunch's “Chain Reaction” podcast. Unlike the Ripple network and protocol, Long said the XRP ledger is a decentralized public ledger with an open source code base that anyone can contribute to and use. And thousands of developers around the world are doing so, she added. “The original creators of the ledger thought this could become a modern…