6 posts tagged ‘In Brief’
Sam Altman has choice words for the OpenAI board members who fired him
TechCrunch,
OpenAI CEO Sam Altman has strong words for the former board members who abruptly fired him late last November. “[A]ll those people that I feel, like, really f—ed me and f—ed the company were gone, and now I had to clean up their mess,” he told Bloomberg in a wide-ranging interview. Just over a year […] © 2024 TechCrunch. All rights reserved. For personal use only.
Chinese government hackers reportedly targeted US Treasury’s sanctions office during December cyberattack
Chinese government hackers targeted the U.S. Treasury’s highly sensitive sanctions office during a December cyberattack, according to reports. According to The Washington Post, the state-sponsored hackers targeted the Office of Foreign Assets Control (OFAC), a government department that imposes economic and trade sanctions against countries and individuals, to potentially access information on Chinese organizations that […] © 2024 TechCrunch. All rights reserved. For personal use only.
Sequoia marks up its 2020 fund by 25%
Sequoia says no exits, no problem. The Silicon Valley titan of venture marked up the value of its 2020 Sequoia Capital U.S. Venture XVII fund by 24.6% in June, at the end of a 12-month period, according to PitchBook, which ran analysis on data from the Regents of the University of California’s endowment. Sequoia’s markup […] © 2024 TechCrunch. All rights reserved. For personal use only.
Gilroy, former Coatue fintech head, and angel investor Rajaram launch VC firm
Michael Gilroy, a former head of fintech investments at Coatue, and Gokul Rajaram, a longtime tech executive and prolific angel investor, are forming a yet-to-be-named venture firm and plan to begin fundraising toward a $400 million to $500 million debut fund early next year, Bloomberg reported. The firm will invest in U.S.-based early-stage fintech and […] © 2024 TechCrunch. All rights reserved. For personal use only.
Italian food delivery app Foodinho eats another privacy fine
Not for the first time, food delivery firm Foodinho has been spanked by Italy’s privacy watchdog. Per Reuters, the Glovo-owned on-demand delivery app has been fined €5 million ($5.20 million) after it was found to have unlawfully processed the data of more than 35,000 riders registered on the platform. Issues identified included riders’ geolocation data […] © 2024 TechCrunch. All rights reserved. For personal use only.
EU closes antitrust probe into Apple’s e-book and audiobook rules after complaint withdrawn
The European Commission (EC) has quietly closed a longstanding antitrust investigation into Apple over rules it enforces against third-party e-book and audiobook app developers. The EC opened the probe back in 2020 after receiving complaints over how Apple forced competing e-book and audiobook app developers to use Apple’s own in-app payment system, while also preventing […] © 2024 TechCrunch. All rights reserved. For personal use only.