Welcome to the new venture normal
The U.S. venture capital market has seemingly found a new normal: Trends around the number of deals and amount of dollars invested in startups so far this year appear to be stabilizing. The Exchange explores
Federal court rules Ripple’s XRP token can be treated as a security… sometimes
The saga of Ripple Labs, the XRP token, and whether the sale of its crypto token constituted a securities law violation in the U.S. advanced today. In a ruling from the U.S. District Court of the Southern District
Amit Serper locks up IoT security flaws at TechCrunch Disrupt 2023
What do doorbells, smart plugs and pet feeders have in common? They’re just some of the billions of Internet of Things (IoT) devices vulnerable to hacks. These popular, often minimally protected, devices expose
Amazon boasts record sales for Prime Day as US shoppers spent $12.7 billion during the sales event
Amazon announced today that the first 24 hours of its Prime Day event marked the “single largest sales day in company history” and that the two-day event was the “biggest Prime Day ever.” Across both days, consumers
Grammarly to shut down the Text Editor SDK in January
Yesterday, in a blog post, Grammarly announced that it would be discontinuing the Text Editor SDK, the developer tool that puts the company’s automated editing functionality into any app. The tool will be shut down
Crypto lending firm Celsius Network and its former CEO sued by SEC, CFTC, FTC
The now-bankrupt crypto lending firm Celsius Network and its former CEO and co-founder Alex Mashinsky faced several lawsuits on Thursday morning from three separate American entities: The U.S. Securities and
QED leads $7M round into startup that offers financing to SaaS businesses across US-South Asia corridor
There are a number of companies in the U.S. that offer revenue-based financing to SaaS companies including Capchase, Pipe, Founderpath and Arc. But the options for South Asian companies are far more limited. A new
China unveils provisional rules for generative AI, including a licensing regime
As the use cases of generative AI see explosive adaption, China has taken a leading role in defining how the rapidly changing technology should be used, including a licensing regime for service providers. On
Apple’s password manager is compatible with third-party browsers in latest macOS beta
Yesterday, Apple released the first public beta of macOS Sonoma — the next major update for macOS that will be available to everyone this fall. Following this update, Mac users will be able to use Apple’s password
Causaly, an AI platform for drug discovery and biomedical research, raises $60M
Artificial intelligence has been a big theme in the world of health and medical research, and specifically in the area of drug discovery. Today, another hopeful in the space is announcing a funding round to expand