Category: Tech Crunch

Circle, the issuer of USDC, a stablecoin pegged to the U.S. dollar, filed to go public on Tuesday. The company, which makes money from interest earned on its reserve assets, reported that its 2024 revenue and reserve income was $1.68 billion, up from $1.45 billion the year prior. Circle’s 2024 net income was $156 million,...

Starting Wednesday, Meta says it will begin combining the Instagram accounts of the Second Lady of the United States, Usha Vance, and the former Second Gentleman of the United States, Doug Emhoff. As a result, the 1.2 million people who were previously following the Instagram account of Kamala Harris’s husband, @secondgentleman46archive (recently archived by the...

Aetherflux, the space solar startup founded by Baiju Bhatt, the billionaire co-founder of Robinhood, has raised $50 million in a Series A round as it works to launch its first low Earth orbit demonstration in 2026.  The San Carlos, California-based startup, which came out of stealth last October, aims to eventually launch a constellation of...

Epic Games CEO Tim Sweeney, whose company makes Fortnite and tools for other developers, including Unreal Engine, called out Apple and Google as “gangster-style businesses” engaged in illegal practices while speaking at a Y Combinator event on Wednesday. The executive also emphasized how the big tech companies’ practices directly affected his own business by scaring...

When OpenAI unveiled its o3 “reasoning” AI model in December, the company partnered with the creators of ARC-AGI, a benchmark designed to test highly capable AI, to showcase o3’s capabilities. Months later, the results have been revised, and they now look slightly less impressive than they did initially. Last week, the Arc Prize Foundation, which...

Rather than divide people into demographic buckets, Northwind Climate analyzes survey responses for behavioral clues.

Accounting software company Open Ledger has launched a new product in time for tax day.  Meet PokéTax, a game that helps make tax filing quite fun. Instead of tax forms, users take on Tax Trainers — gym leaders — representing different parts of a tax form, such as income, deductions, and credits. Each leader asks...

The venture capital firm is reportedly in talks to invest in TikTok as part of a bid led by Oracle and other American investors looking to buy out TikTok from ByteDance, according to the Financial Times.  TikTok is once again slated to be banned in the U.S. on April 5 unless its Chinese-based owner sells...

CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and later became an inventory monetization platform for clothing retailers, is facing financial difficulties, the company confirmed to TechCrunch following a report by Axios. Citing a letter from the board, Axios reported that the company is almost out of money, CEO Christine...

OpenAI has been accused by many parties of training its AI on copyrighted content sans permission. Now a new paper by an AI watchdog organization makes the serious accusation that the company increasingly relied on non-public books it didn’t license to train more sophisticated AI models. AI models are essentially complex prediction engines. Trained on...