Twelve Below aims to lead or co-lead pre-seed and seed financings with the goal of earning a 10% to 15% ownership stake in the core investments from the fund. © 2023 TechCrunch. All rights reserved. For personal use only.

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India’s Enforcement Directorate, its anti-money laundering agency, has found that Byju’s violated the nation’s foreign exchange law to the tune of $1.08 billion, a person familiar with the matter told TechCrunch.

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A Google executive said during a testimony in the Epic vs Google trial that a deal with Spotify allows the audio company to bypass Play Store fees, as reported by The Verge. Don Harrison, Google’s head of

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French startup Indy has recently closed a new funding round of $44 million (€40 million) with BlackFin Capital Partners leading the round. Indy started as an automated accounting platform for freelancers and other

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In interviews on CNBC and Bloomberg TV tonight, Microsoft CEO Satya Nadella made it clear that it’s possible Sam Altman, who was fired from his role as CEO at OpenAI by the AI startup’s board of directors on Friday,

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Elon Musk’s X, formerly Twitter, has filed a lawsuit alleging defamation by a news organization over claims that major companies had ads appear next to antisemitic content. But the suit appears to confirm the very

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Former New York Stock Exchange President Tom Farley said earlier today that his company, Bullish, had purchased 100% of crypto-focused media company CoinDesk for an undisclosed amount. CoinDesk was set to be

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With the OpenAI saga playing out across the pond, the European tech community has been waiting for the latest updates as if a new series of Succession was about to drop. Indeed, events have at times resembled some

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In this issue: More on Starship’s second launch, news from Blackshark.ai and more © 2023 TechCrunch. All rights reserved. For personal use only.

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It may be difficult for just any company to court OpenAI employees even if compensation packages are eye-poppingly high because of loyalty to Sam Altman.  © 2023 TechCrunch. All rights reserved. For personal use only.

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