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Acrew Capital has raised $700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under mana

Elon Musk’s X is planning to make a change to how the block function works, breaking from the established standards of other social media apps. When the policies around blocking change, people who have been blocked by someone will still be able to see that person’s posts, so long as the

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 brought us some exciting fundraising news from around the world, and even some exits. But if you are looking for tech IPOs, you

Web hosting provider WP Engine has filed an injunction in a court in Northern California, asking it to intervene and restore its access to the WordPress.org open source repository. After WP Engine filed a lawsuit against WordPress co-creator Matt Mullenweg and Automattic last month, Mullenweg —

Social networking startup Bluesky, which just reported a gain of half a million users over the past day, has now soared into the top five apps on the U.S. App Store and has become the No. 2 app in the Social Networking category, up from No. 181 a week ago, according to data from app intelligence fi

The top U.S. automotive safety regulator has opened a new investigation into Tesla’s so-called “Full Self-Driving (Supervised)” software after four reported crashes in low-visibility situations — including one where a pedestrian was killed. The National Highway Traffic Safe

Nebius, the company formerly known as Yandex that’s now focused on cloud infrastructure for AI uses (aka “AI compute”), is to begin trading on the public markets once again — more than two years after the Nasdaq halted trading due to economic sanctions imposed in the wake of

Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential, and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to a group

Philipp Man was burned out. He had founded a watch trading company with his flatmate, Ludwig Wurlitzer, but the grind was wearing him down. “We did that for ten years,” Man said. “It's very difficult to keep yourself motivated when you know the whole reason for your operation is to sell

On Wednesday, social network X (formerly Twitter) updated its Privacy Policy to indicate that it would allow third-party “collaborators” to train their AI models on X data, unless users opt out. While X owner Elon Musk trained xAI’s Grok AI chatbot on X user data, leading to an in

Worldcoin, the Sam Altman co-founded “proof of personhood” crypto project that scans people’s eyeballs, announced on Thursday that it dropped the “coin” from its name and is now just “World.” The startup behind the World project, Tools for Humanity, also un

Microsoft has notified customers that it’s missing more than two weeks of security logs for some of its cloud products, leaving network defenders without critical data for detecting possible intrusions. According to a notification sent to affected customers, Microsoft said that “a bug

This week, OpenAI quietly published a statement on its website pledging not to use its patents offensively. Asserting its commitment to the principles of “broad access” and “collaboration,” OpenAI said that it would only use its patents in a way that supports innovation. &

One of the tech industry's biggest hype men, Salesforce CEO Marc Benioff, wants you to know that he is psyched about generative AI, but even he doesn't think it can do what its biggest proponents say it will do. And he (not surprisingly) blames Microsoft. A month after Salesforce's eno