Industry News
Solar power magnate Gautam Adani and others indicted over alleged $250M bribery scheme
Billionaire Gautam Adani and several executives at his company, the Indian conglomerate Adani Group, have been indicted over an alleged scheme to pay more than $250 million in bribes to Indian officials in exchange for contracts to a 12 gigawatt solar …
‘PDF to Brainrot’ study tools are a strange iteration on a TikTok trend
Several AI-based study tools are capitalizing on a “PDF to Brainrot” trend, which will read the text of a document you upload over “oddly satisfying” videos, like ASMR clips of mixing paint and cutting soap, or gameplay footage …
Fusion startup Tokamak Energy attracts $125M for its egg-like reactor design
Startups pursuing fusion power have benefitted from AI’s insatiable thirst for electricity.
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Another VC-backed fintech, Earnin, faces crackdown over allegedly ‘predatory’ loans
The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges. Earnin allows its users to get loans against paychecks. It advertises t…
Reddit appears to be back after a four-hour-long outage
Social media platform Reddit experienced an outage this afternoon at around 12:20 p.m. PT (or possibly even earlier), resulting in thousands of users being unable to access its website and app. After four hours, it appears to be working again. Reddit c…
FTX CTO Gary Wang avoids prison time
Not every former top FTX executive is heading to prison. Gary Wang, former FTX chief technical officer, was spared prison time by U.S. District Judge Lewis Kaplan today. Judge Kaplan praised Wang’s cooperation with federal authorities. Wang testi…
US charges five accused of multi-year hacking spree targeting tech and crypto giants
The five alleged hackers are accused of stealing millions of dollars in crypto, and corporate data from several victims all over the world.
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May Mobility to test driverless shuttles in Ann Arbor
May Mobility is slowly advancing its driverless capabilities. The startup this week launched a small-scale deployment of autonomous shuttles, which will drive themselves along a fixed route without a human safety driver present. May will initially depl…
Benchmark invests $19M in New Lantern, a smarter way for radiologists to use AI
Shiva Suri gained a unique perspective into how radiologists work when he quarantined and shared a home office with his mom, a well-regarded radiologist. “I watched her work day in and day out, and she was wasting about seven to eight hours on bo…