Katie Haun raises $1B for new venture funds

Katie Haun announced on Monday that $1 billion has been raised across new funds to continue the firm’s thesis of backing crypto and blockchain startups.

OpenAI’s cozy partner Cerebras is on track for a blockbuster IPO

AI chip maker Cerebras is heading for a blockbuster IPO that could value it at $26.6 billion or more. Its relationship with OpenAI is deep and rich.

Geothermal startup Fervo Energy to raise up to $1.3B in IPO

Enhanced geothermal startup Fervo Energy’s IPO could value the company at up to $6.5 billion.

US government warns of severe CopyFail bug affecting major versions of Linux

U.S. cybersecurity agency CISA says the CopyFail bug is being actively used in hacking campaigns, and poses a major risk to servers and data centers that rely on Linux.

As workers worry about AI, Nvidia’s Jensen Huang says AI is ‘creating an enormous number of jobs’

The Nvidia CEO seems to feel that claims of AI’s job-killing potential have been greatly exaggerated.

Coinbase to lay off 14% of staff as part of broader restructuring

The restructuring is aimed at addressing market volatility and increasing the use of AI tools to improve efficiency.

Moment Energy raises $40M to meet ‘infinite demand for power’ with EV batteries

The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.

Amazon bets Nobel Prize-based dehumidification can cut its energy use

Amazon will buy a new type of HVAC system for its commercial buildings to slash energy use.

India’s first GenAI unicorn shifts to cloud services as AI model ambitions face reality

Krutrim’s pivot to cloud after layoffs and limited product updates reflects the economic challenges of building AI models in India.

US healthcare marketplaces shared citizenship and race data with ad tech giants

Virginia and Washington, D.C. paused the data collection and sharing, after Bloomberg’s investigation found their health insurance marketplaces were sharing users’ information with advertisers.