Startups Weekly: Mercury more than doubled its valuation, and other news

Welcome to Startups Weekly — your weekly recap of everything you can't miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week reminded us that creative accounting doesn’t only happen in Hollywood. Some hopes were dashed, but startups are delivering

Again and again, NSO Group's customers keep getting their spyware operations caught

On Thursday, Amnesty International published a new report detailing attempted hacks against two Serbian journalists, allegedly carried out with NSO Group's spyware Pegasus.  The two journalists, who work for the Serbia-based Balkan Investigative Reporting Network (BIRN), received suspicio

OpenAI peels back ChatGPT’s safeguards around image creation

This week, OpenAI launched a new image generator in ChatGPT, which quickly went viral for its ability to create Studio Ghibli-style images. Beyond the pastel illustrations, GPT-4o’s native image generator significantly upgrades ChatGPT’s capabilities, improving picture editing, text ren

‘It was weird, man’: Zuckerberg took Facebook employees to see ‘The Social Network’ when it came out

Mark Zuckerberg may not be the most likable figure in Silicon Valley, but we can empathize with him on this: It would feel really weird if someone made a movie about your life. On the YouTube podcast Colin and Samir, Zuckerberg spoke about the one and only time he saw “The Social Network.

WhatsApp users can now add songs to their Status updates

WhatsApp launched a new feature on Friday, where users can include brief music clips in their Status updates, reminiscent of the Myspace era. Status resembles Instagram Stories and allows users to share photos, videos, and text that disappear after 24 hours. When creating a new Status, users can t

YC-backed Taxo raises $5M to slash healthcare admin with its AI ‘reasoning engine’

When British doctor Ahmed Kerwan began working as a physician, the paperwork burden shocked him. On some days, he would spend only three hours actually caring for patients, with the rest of his workday spent on things like dealing with insurance claims. There are already dozens, perhaps hundreds,

Nikola founder Trevor Milton pardoned by Trump

Trevor Milton, the founder of bankrupt hydrogen trucking startup Nikola who was convicted of fraud, has been pardoned by President Trump, the White House confirmed to technewss. Milton was convicted in October 2022 of one count of securities fraud and two counts of wire fraud related to

Google rolls out user choice billing on Google Play in the UK

Google said today that it will start offering user choice billing in the U.K., giving Google Play developers the ability to use other billing options instead of Google’s own system. The change kicks in on March 29, initially only to non-game developers. If developers opt for it, they cannot

Krafton acquires controlling stake in Indian gaming studio Nautilus Mobile for $14M

Krafton, South Korea’s gaming giant known for titles including PUBG: Battlegrounds and Battlegrounds Mobile India (BGMI), has acquired a controlling stake in 12-year-old Indian gaming studio Nautilus Mobile for $14 million in an all-cash deal. On Friday, the South Korean gaming company confi

Trump's auto tariffs are a gift to Tesla 

President Trump is slapping 25% tariffs on all cars imported to the United States, including from our immediate North American neighbors. He's also placed a 25% tariff on certain parts used to build cars. It's a decision that will likely supercharge the cost of new and used cars, but it'

Why HoneyBook's $140M in ARR may finally justify its $2.4B ZIRP-era valuation

HoneyBook, a startup last valued in late 2021 at $2.4 billion, told technewss that it hit $140 million in annualized recurring revenue (ARR). This makes HoneyBook one of the few startups with peak-VC-era valuations to report their financials after the market cooled.  Many st

Instagram now lets you speed up reels just like on TikTok

Meta-owned Instagram is copying yet another feature from TikTok. This time, it’s the ability for users to play a reel at 2x speed by long pressing on the right or left side of their screen. When TikTok first launched, videos could only be 15 seconds long. As the years passed and TikTok rose

Facebook debuts a revamped Friends tab as part of its return to ‘OG’ Facebook

After teasing a return to “OG Facebook” earlier this year, the social network on Thursday announced an update that will give users a simple way to connect with friends. The company is introducing a new Facebook Friends tab that will only showcase updates from friends, without any other

Twin's first AI agent is an invoice-retrieval agent for Qonto customers

When Twin came out of stealth in January 2024, AI agents were more of a theoretical concept than a reality. Today, the Paris-based company is releasing an automation agent in partnership with Qonto, the fintech startup that offers business bank accounts to more than 500,000 customers across Europe.