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Fisker loses customers’ money, Robinhood releases a credit card, and Google generates travel plans

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Hey, welcome to Week in Review (WiR), on 360Wise Media with TechCrunches most recent newsletter summarizing the large events in tech over the past few days.

This week, TC automotive reporter Sean O’Kane revealed how electric vehicle startup Fisker temporarily lost track of multimillion-dollar customer payments because it ramped up deliveries, resulting in an internal audit that began in December and lasted months.

Elsewhere, Lorenzo reported how Facebook was spying on users’ Snapchat traffic as a part of a secret project known internally at Meta as “Project Ghostbusters.” Court documents show that the goal was to intercept and decrypt network traffic between people using the Snapchat app and its servers.

Late last week, Manish wrote in regards to the resignation of Stability AI founder and CEO Emad Mostaque. Mostaque’s departure from Stability AI – a startup known for its popular Stable Diffusion image generation tool – comes amid an ongoing struggle for stability (pun intended) at a company that was reportedly spending ~$8 million per thirty days as of October 2023 with little revenue on thing show it.

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Many other things happened. We sum all of it up on this issue of WiR – but first, let’s remind you to enroll in the WiR newsletter every Saturday.

News

Fisker suspended: Fisker’s bad week continued with the startup’s stock trading halting. The New York Stock Exchange decided to delist Fisker, citing “abnormally low” inventory levels.

AI-based routes: As a part of an update to its search generation feature, Google has added the flexibility to ask users to plan a travel route in Google Search. Using artificial intelligence, the search engine will pull ideas from web sites together with reviews, photos and other details.

New Robinhood card: Nine months after acquiring credit card startup X1 for $95 million, Robinhood on Wednesday announced the launch of its recent Gold Card, powered by X1 technology, with a list of features that would make Apple Card users envious.

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At AT&T, the word mom is most vital: This week, the private information of roughly 73 million AT&T customers was leaked online. However, AT&T won’t say how – despite the fact that the hack accountable for this occurred greater than three years ago.

Financing

Boom Co-pilot: Budgeting app Copilot raised $6 million in a Series A round led by Adjacent Nico Wittenborn. The app is partly benefiting from the death of Mint, Intuit’s financial management product.

Liquid assets: In an article taking a look at the broader VC-backed beverage industry, Rebecca and Christine note the recent $67 million fundraising of canned water startup Liquid Death, bringing the corporate’s total to over $267 million. Talk about liquidity.

HVAC project: Dan Laufer, a former Nextdoor executive, raised $25 million from Canvas Ventures and others for PipeDreams, a startup that takes popular HVAC and plumbing corporations and scales them with software that helps with planning and marketing.

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Analysis

Is Nvidia the subsequent AWS?: Ron writes about many similarities in the event trajectories of Nvidia and AWS.

Podcasts

This week continues Right, the crew delved into Robinhood’s recent credit card, Fisker’s latest misadventures, and even Databricks’ recent artificial intelligence model, which it spent $10 million developing. They also highlighted two corporations creating startups focused on children and concluded with a have a look at a recent $100 million fund geared toward supporting progressive climate technologies.

Meanwhile, proceed FoundAllison Wolff, co-founder and CEO of Vibrant Planet, a cloud-based planning and monitoring tool for adaptive land management, discussed why the wildfires we see today are hotter and spreading faster than we are able to contain, and ensure proper land management management will help spark smaller and slower-burning fires.

And next Chain response, Jacquelyn interviewed Scott Dykstra, CTO and co-founder of Space and Time. Space and Time goals to be a verifiable computation layer for Web3 that scales zero-knowledge proofs, a cryptographic motion used to prove something about a piece of information without revealing the provenance data itself.

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Bonus round

Spotify is testing online learning: As a part of its ongoing effort to get its greater than 600 million users to spend more time and money on its platform, Spotify is introducing a recent line of content: e-learning. The streaming (traditionally audio) platform is starting out with a UK launch and is testing the waters for its online education offering with freemium video courses.

 

This article was originally published on : techcrunch.com

Technology

Apple supposedly considered the construction of the iPhone 17 air without ports

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A Apple Lightning port charging cable is seen with with an iPhone in this illustration photo in Warsaw, Poland on 05 October, 2022.

After reporting in (*17*) that Apple adds “air” to its iPhone offer, Mark Gurman Bloomberg is offering more details About the upcoming slim iPhone.

Gurman says that the iPhone 17 Air shall be launched this fall-like the MacBook Air, shall be thinner than standard models, while combining high-class and low functions. Apparently, this required “Hercule effort” of apple engineers to create a slimmer phone with thinner batteries without devoting batteries.

Gurman also informs that Apple considered making the first “completely free from the iPhone port”, and all charging is made wirelessly, and all data synchronization was made through the cloud.

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However, Apple decided to not follow this route, a minimum of for now, partly as a result of the concerns about how the European regulatory authorities-who have committed smartphone manufacturers to support USB-C-Mog connectors to react.

(Tagstotransate) Apple

This article was originally published on : techcrunch.com
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Dad and 16-year-old son are introducing a new financial coaching tool with AI-

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coach kai, Eric mcloyd

This revolutionary artificial intelligence is the results of the exceptional cooperation of Eric Mcloyd, Sr., an experienced advisor and financial trainer and his 16-year-old son Eric Jr., whose fascination with technology caused the thought of ​​this progressive tool.


Father’s determination to remodel the moment that could be taught into a breakthrough project led to creation KAI coachAI powered financial tool, which goals to supply financial coaching to all. This revolutionary artificial intelligence is the results of the exceptional cooperation of Eric Mcloyd, Sr., an experienced advisor and financial trainer and his 16-year-old son Eric Jr., whose fascination with technology caused the thought of ​​this progressive tool.

History began when Eric Jr. He got into trouble in school for using chatgpt to perform his tasks. Initially, his dad was frustrated, but he quickly saw the potential of his son’s ingenuity. Eric Sr. He decided to convey the instinct of his son’s technology to a constructive project: Building the AI ​​powered tool that might solve a universal problem-August problem for individuals who want financial coaching.

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“I met thousands of people who want and need financial coaching, but they were limited by access. Here is my son, who uses the latest technology with curiosity and ingenuity, “said Eric Mcloyd, senior.” He just needed a constructive way to direct him. “

The result’s Kai coach, a free financial tool, which connects over 10,000 hours of financial knowledge of Eric McLoyda Sr. with technological passion. Built on a proven approach to financial coaching, Eric Sr., Kai coach provides interactions based on goals geared toward directing users step-by-step towards financial freedom. It also provides direct access to supporting financial lessons and other educational content.

“Our vision is to provide financial coaching for everyone,” explained Eric Mcloyd, jr. “And although it is exciting to launch this tool, the best part works with my dad. This really taught me the power to transform challenges into possibilities. “

For his father, coach Kai is greater than just a financial tool – it’s a history of perseverance, innovation and family. “So here we are, father and son, ready to share Kai with the world,” he added. “Who knows? Maybe this is the beginning of my son’s journey as a financial professional. “

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Father’s determination to remodel the moment that could be taught into a breakthrough project led to creation KAI coach. This financial tool powered by artificial intelligence goals to supply financial coaching to everyone. This revolutionary artificial intelligence is the results of the exceptional cooperation of Eric Mcloyd, Sr., an experienced advisor and financial trainer and his 16-year-old son Eric Jr., whose fascination with technology caused the thought of ​​this progressive tool.

History began when Eric Jr. He got into trouble in school for using chatgpt to perform his tasks. Initially, his dad was frustrated, but he quickly saw the potential of his son’s ingenuity. Eric Sr. He decided to convey the instinct of his son’s technology to a constructive project: Building the AI ​​powered tool that might solve a universal problem-August problem for individuals who want financial coaching.

“I met thousands of people who want and need financial coaching, but they were limited by access. Here is my son, who uses the latest technology with curiosity and ingenuity, “said Eric Mcloyd, senior.” He just needed a constructive way to direct him. “

The result’s Kai coach, a free financial tool, which connects over 10,000 hours of financial knowledge of Eric McLoyda Sr. with technological passion. Built on a proven approach to financial coaching, Eric Sr., Kai coach provides interactions based on goals geared toward directing users step-by-step towards financial freedom. It also provides direct access to supporting financial lessons and other educational content.

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“Our vision is to provide financial coaching for everyone,” explained Eric Mcloyd, jr. “And although it is exciting to launch this tool, the best part works with my dad. This really taught me the power to transform challenges into possibilities. “

For his father, coach Kai is greater than just a financial tool – it’s a history of perseverance, innovation and family. “So here we are, father and son, ready to share Kai with the world,” he added. “Who knows? Maybe this is the beginning of my son’s journey as a financial professional. “

Learn more in regards to the Kai coach Here.

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This article was originally published on : www.blackenterprise.com
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VC Aileen Lee emphasizes how a wider investor Exodus worsens unhappiness for unicorn companies

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In the episode this week Download Strictlyvc Podcast, VC VC Aileen Lee, was directly with a significant consequence of the recent Boom and Bustu series: many companies got stuck within the abyss, not only fought for recovery of position after collecting an excessive amount of money on unbalanced valuations; They also lost the masters who once supported them.

Lee talked about how the partners of the limited partners hesitate to criticize the powerful managers of the fund, fearing that they might be cut off from investing in these companies again. But she imagined one thing they might say if they might speak freely:

“Everyone wants to get to the X brand fund, so they never criticize them (for fear of repercussions). . They probably speak about us behind our backs (laughs) … But what they would say is (that) all people who were employed in these companies in the Venture in the Era of ZIRP. . . They made several shit investments, “and now they’re elbows – except that it is just too late, Lee noticed. “All money (LPS) was basically simply thrown on drainage, because people from work of the undertaking did not remain long enough to see if the companies were successful.”

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Lee isn’t the fault of those newer investors. “Only a lot of people have not been trained and did not receive any mentoring or internship, as well as many investments and. As a result, there are many orphaned companies. ”

But there’s another excuse why the startups are left on their very own devices “and I think it is crazy,” said Lee; In many cases, the companies were orphaned by the senior general partner “who ran the investment – which is still there (in the company), but simply stopped appearing at the meetings of the board.”

This has been happening for some companies for years. Nobody had major care throughout the financing era with Covid, and the corner cut never stopped relating to the identical investments. But this can be a key reason why the growing variety of companies tries to search out external assist in exit strategies and why LPS can be justified in expressing greater frustration.

As one other a few years of VC, Jason Lemkin, told this editor at the tip of 2022, when VC for the primary time ceased to seem at startup meetings that lose their shoot: “(s) should not be controls and balances? Millions and millions are invested by pension funds, universities, widows and orphans, and when you do not perform any diligence on the way, and you do not perform constant diligence at a meeting of the board, in a sense you discourage your trust duties against LPS, right? “

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(Tagstranslate) aileen lee

This article was originally published on : techcrunch.com
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