Rental car startup Kyte, which bills itself as the “best alternative to Hertz,” is pulling out of almost all of its major markets in the United States and has cut its workforce roughly in half in a bid to survive after exploring a sale earlier this year. The company is …
Read More »Not all startups mourn IPOs, but liquidity still must flow
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. Several startups announced new rounds this week without disclosing their valuation. This doesn’t mean that these were down rounds, but rather it …
Read More »What is Apple Intelligence, when is it coming and who will get it?
After months of speculation, Apple Intelligence took center stage at WWDC 2024 in June. The platform was announced in the wake of a torrent of generative AI news from companies like Google and Open AI, causing concern that the famously tight-lipped tech giant had missed the boat on the latest …
Read More »FTC hits Lyft with $2.1M penalty for luring drivers with false earnings claims
Lyft has agreed to a $2.1 million settlement proposed by the FTC over the car-hailing company’s “deceptive earnings claims about how much money drivers could expect to make.” As documented in the FTC’s complaint document, Lyft systematically inflated the incomes it advertised to drivers it was attempting to recruit in …
Read More »‘Yikes’: While gaming, Musk inadvertently broadcasts ‘scary’ near-abort of Starship booster landing
Elon Musk occasionally posts clips of his video game plays to his social media platform X — but a recent clip includes background audio of a SpaceX engineer telling Musk how the most recent Starship flight test was “one second away” from an abort. The clip, posted on Friday, was caught …
Read More »McDonald’s broken ice cream machines could get fixed faster thanks to new federal rule
McDonald’s ice cream machines have developed a lousy reputation for being broken when you visit the restaurant, largely due to strict copyright laws that only permit specially licensed technicians to legally repair them. The manufacturers have to license each technician, and they put locks on the McFlurry machines to prevent …
Read More »NAACP launches $200 million fund of funds
The NAACP announced today NAACP Capital, a $200 million fund of funds to back fund managers focused on issues that impact people of color. The fund was conceived in partnership with Kapor Capital and Kapor Center, along with nine other venture fund managers. Last year, Crunchbase found that Black founders …
Read More »The 30 Best Horror Movies on Netflix, Max, and Beyond (2024)
In just a few short weeks, it’ll be nothing but Hallmark movies and Lindsay Lohan rom-coms, but right now it’s spooky season and if you’re looking to relax with a chainsaw-wielding serial killer, a telekinetic teen hellbent on revenge, or a homicidal merman, we’ve got you covered. Just in time …
Read More »Chinese Hackers Target Trump Campaign via Verizon Breach
The Chinese spy operation adds to the growing sense of a melee of foreign digital interference in the election, which has already included Iranian hackers’ attempt to hack and leak emails from the Trump campaign—with limited success—and Russia-linked disinformation efforts across social media. Ahead of the full launch next week …
Read More »San Francisco Will Pay $212 Million for Its Train System to Ditch Floppy Disks
The San Francisco Municipal Transportation Agency (SFMTA) board has agreed to spend $212 million to get its Muni Metro light rail off floppy disks. The Muni Metro’s Automatic Train Control System (ATCS) has required 5¼-inch floppy disks since 1998, when it was installed at San Francisco’s Market Street subway station. …
Read More »