google-site-verification=cXrcMGa94PjI5BEhkIFIyc9eZiIwZzNJc4mTXSXtGRM Fisker loses customers’ money, Robinhood releases a credit card, and Google generates travel plans - 360WISE MEDIA
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Fisker loses customers’ money, Robinhood releases a credit card, and Google generates travel plans



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.

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.


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.

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.


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.


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


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.

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.


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Establishment of the first Black-owned private rocket company




Mateus Chipa, Black-Owned, Rocket Company

In a groundbreaking move geared toward fostering greater diversity and inclusion in space exploration, Mateus Chipa has emerged as the visionary founder of Theby Space Services (TSS), an area exploration company. first privately owned Black-owned rocket company, According to . Chipa’s daring initiative goals to handle the glaring lack of Black representation in space exploration, a disparity underscored by recent data revealing that only 18 of NASA’s 360 astronauts are Black.

The basis for Chipa’s founding of TSS was a deep-seated desire for the Black community to play a more outstanding role in space exploration. Frustrated by the lack of significant Black leadership on this field, Chipa launched into a mission to interrupt down barriers and create opportunities for empowerment. “For the last 10 years, I have been frustrated because I have not seen any black nation or person talking about going to space,” Chipa shared in a video posted on YouTube. “I asked myself: why? Why doesn’t anyone think about it?”

Motivated by a way of responsibility, Chipa took matters into his own hands and founded TSS with a transparent vision of its mission. At the core of TSS’s goals is the democratization of space exploration by offering universal space transportation to all humanity. In addition to providing cost-effective access to space, TSS is committed to expanding its services to African countries, facilitating satellite deployment, cargo transportation and manned missions to the Moon and beyond.

Chipa’s ambitions go even further, with plans to assemble an all-Black astronaut crew for missions to the Moon and eventually Mars. This aspirational goal reflects Chipa’s commitment to promoting diversity, inclusion and empowerment in space exploration.

To support his mission, Chipa did this fired a GoFundMe campaign for his Black-owned rocket company to lift funds to develop two rockets: the Big Hussle 33 and the Nipsey Sky, named after the late Nipsey Hussle. These rockets could revolutionize space transportation, enabling each cargo and passengers to be carried into space.

“TSS is more than just a space exploration company; “It’s a call to action for the Black community and a statement to the world that we are ready to take our rightful place among the stars,” Chipa said on his company’s website. “It is a commitment to diversity, inclusion and empowerment, ensuring that future space missions reflect the true diversity of humanity.”

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Fintech CRED generally secures consent to a payment aggregator license




CRED has received general approval for a payments aggregator license, a boost that might help the Indian fintech startup higher serve customers and produce recent products and concepts to market faster.

The Bengaluru-based startup, valued at $6.4 billion, received approval in principle from the Reserve Bank of India for a payments aggregator license this week, according to two sources acquainted with the matter.

CRED didn’t immediately respond to a request for comment.

Last yr, the RBI gave in-principle approval for payment aggregator licenses to several firms, including Reliance Payment and Pine Labs. Typically, it takes the central bank nine months to a yr to give full approval after approval in principle.

Payment aggregators play a key role in facilitating online transactions by acting as intermediaries between merchants and customers. The RBI approval enables fintech firms to expand their offerings and compete more effectively available in the market.

Without a license, fintech startups must depend on third-party payment processors to process transactions, and these players may not prioritize such requests. Obtaining a license allows fintech firms to directly process payments, reduce costs, gain greater control over payment flow and directly onboard merchants. Additionally, licensed payment aggregators can settle funds directly with sellers.

The license could also allow CRED to make it available to more retailers and “be everywhere their customers shop,” an industry executive said.

In principle, the approval of the license for CRED comes as India’s central bank has been cracking down on many business practices within the fintech industry in recent quarters and generally increasing caution in granting any form of licenses to firms. In a stunning move, the Reserve Bank of India earlier this yr ordered Paytm Payments Bank to halt most of its operations.

CRED, which incorporates Tiger Global, Coatue, Peak XV, Sofina, Ribbit Capital and Dragoneer, serves a large section of high-net-worth clients in India. It originally launched six years ago with a feature to help members repay their bank card bills on time, but has since expanded to include loans and several other other products. In February, it announced it had reached an agreement to buy mutual fund and investment platform Kuvera.

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Internet users are getting younger; now the UK is considering whether artificial intelligence can help protect them




Artificial intelligence appeared in sights governments concerned about their potential for misuse for fraud, disinformation and other malicious activities on the Internet; currently in the UK, the regulator is preparing to analyze how artificial intelligence is getting used to combat a few of these, particularly in relation to content that is harmful to children.

Ofcomthe regulatory body accountable for enforcing UK regulations Internet Security Actannounced that it plans to launch a consultation on how artificial intelligence and other automated tools are currently used and the way they can be utilized in the future to proactively detect and take away illegal content online, specifically to protect children from harmful content and detect child abuse in sexual purposes, material previously difficult to detect.

These tools could be a part of a wider set of Ofcom proposals that concentrate on keeping children protected online. Ofcom said consultation on the comprehensive proposals would begin in the coming weeks, with a consultation on artificial intelligence happening later this yr.

Mark Bunting, director of Ofcom’s online safety group, says interest in artificial intelligence starts with taking a look at how well it is currently used as a control tool.

“Some services are already using these tools to identify and protect children from such content,” he told TechCrunch. “But there is not much details about the accuracy and effectiveness of those tools. We want to take a look at ways we can be sure that the industry assesses when it uses them, ensuring that risks to free speech and privacy are managed.

One likely consequence will likely be Ofcom recommending how and what platforms should assess, which could potentially lead not only to platforms adopting more sophisticated tools, but in addition to potential fines in the event that they fail to make improvements to blocking content or creating higher ways to stopping younger users from seeing this.

“As with many internet safety regulations, companies have a responsibility to ensure they take the appropriate steps and use the appropriate tools to protect users,” he said.

There will likely be each critics and supporters of those moves. Artificial intelligence researchers are finding increasingly sophisticated ways to make use of artificial intelligence detect deepfakes, for instance, in addition to for online user verification. And yet there are just as a lot of them skeptics who note that AI detection is not foolproof.

Ofcom announced the consultation on artificial intelligence tools at the same time because it published its latest study into kid’s online interactions in the UK, which found that overall, more younger children are connected to the web than ever before, to the extent that that Ofcom is currently ceasing activity amongst increasingly younger age groups.

Nearly 1 / 4, 24%, of all children ages 5 to 7 now have their very own smartphones, and when tablets are included, that number increases to 76%, in response to a survey of U.S. parents. The same age group is far more prone to eat media on these devices: 65% have made voice and video calls (in comparison with 59% only a yr ago), and half of kids (in comparison with 39% a yr ago) watch streaming media.

Age restrictions are getting lighter on some popular social media apps, but whatever the restrictions, they aren’t enforced in the UK anyway. Ofcom found that around 38% of kids aged 5 to 7 use social media. The hottest application amongst them is Meta’s WhatsApp (37%). We were probably relieved for the first time when flagship image app Meta became less popular than viral sensation ByteDance. It turned out that 30% of kids aged 5 to 7 use TikTok, and “only” 22% use Instagram. Discord accomplished the list, but is much less popular at just 4%.

About one third, 32% of kids of this age use the Internet on their very own, and 30% of fogeys said that they weren’t bothered by their minor children having social media profiles. YouTube Kids stays the hottest network amongst younger users (48%).

Games which were the hottest amongst children for years are currently utilized by 41% of kids aged 5 to 7, and 15% of kids at this age play shooting games.

Although 76% of fogeys surveyed said they’d talked to their young children about web safety, Ofcom points out that there are query marks between what a baby sees and what they can report. When examining older children aged 8-17, Ofcom interviewed them face-to-face. It found that 32% of kids said they’d seen disturbing content online, but only 20% of their parents said they’d reported anything.

Even considering some inconsistencies in reporting, “the research suggests a link between older children’s exposure to potentially harmful content online and what they share with their parents about their online experiences,” Ofcom writes. Disturbing content is just considered one of the challenges: deepfakes are also an issue. Ofcom reported that amongst 16-17-year-olds, 25% said they were unsure they may tell fake content from real content online.

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