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Bill Gates-backed wind startup AirLoom is raising $12M, filings reveal

It started with a drawing on a napkin. Now AirLoom Energy is raising $12.7 million in fresh funding, TechCrunch has learned. The funding came from 21 investors, according to a regulatory filing that does not list the names of the backers. The company did not immediately respond to a request for comment. The Wyoming-based startup […]

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VinFast crash that killed family of four now under federal investigation

The top vehicle safety regulator in the U.S. has launched a formal probe into an April crash involving the all-electric VinFast VF8 SUV that claimed the lives of a family of four, TechCrunch has learned. The crash happened in Pleasanton, California at about 9 p.m. on April 24. Police told local news outlets at the

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SeekOut, a recruiting startup last valued at $1.2 billion, lays off 30% of its workforce

SeekOut, an 8-year-old recruiting startup that uses AI to find candidates, has cut about 30% of its workforce on Thursday, TechCrunch has learned. “Lately, we have been spending roughly $2 to earn $1, and this last fiscal year, we incurred significant cash burn,” SeekOut’s CEO Anoop Gupta and CTO Aravind Bala wrote in a letter

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Two students uncover security bug that could let millions do their laundry for free

A pair of university students say they found and reported earlier this year a security flaw allowing anyone to avoid paying for laundry provided by over a million internet-connected laundry machines in residences and college campuses around the world. Months later, the vulnerability remains open after the vendor, CSC ServiceWorks, repeatedly ignored requests to fix

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Microsoft’s custom Cobalt chips will come to Azure next week

Microsoft will launch its custom Cobalt 100 chips to customers as a public preview at its Build conference next week, TechCrunch has learned. In an analyst briefing ahead of Build, Scott Guthrie, Microsoft’s executive VP of the Microsoft Cloud and AI group, directly compared Cobalt to AWS’s Graviton chips, which have been available to developers

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GrubMarket buys Butter to give its food distribution tech an AI boost

Much of how people buy food has moved online — restaurants often replace menus with QR codes that let you order with your smartphones, and grocery shopping has been revolutionized with delivery services like Instacart. But until recently, the other side of the food supply chain — how small restaurants and neighborhood groceries procured food

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Hacker claims theft of India’s Samco account data

A hacker claims to be selling user records associated with Indian online brokerage firm Samco Securities, one of the widely-used platforms offering discount broking trading accounts for the country’s stock exchanges. The pseudonymous hacker listed the data allegedly breached from Samco on a known cybercrime forum, which they are selling for an undisclosed amount. TechCrunch

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Ireland privacy watchdog confirms Dell data breach investigation

A top European privacy watchdog is investigating following the recent breaches of Dell customers’ personal information, TechCrunch has learned.  Ireland’s Data Protection Commission (DPC) deputy commissioner Graham Doyle confirmed to TechCrunch that the DPC has received “a breach notification on this matter” — referring to Dell — which is “currently under assessment.” Asked to elaborate,

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‘Got that boomer!’: How cyber-criminals steal one-time passcodes for SIM swap attacks and raiding bank accounts

The incoming phone call flashes on a victim’s phone. It may only last a few seconds, but can end with the victim handing over codes that give cybercriminals the ability to hijack their online accounts or drain their crypto and digital wallets. “This is the PayPal security team here. We’ve detected some unusual activity on

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Scammers found planting online betting ads on Indian government websites

Some Indian government websites have allowed scammers to plant advertisements capable of redirecting visitors to online betting platforms. TechCrunch discovered around four dozen “gov.in” website links associated with Indian states, including Bihar, Goa, Karnataka, Kerala, Mizoram and Telangana that were redirecting to online betting platforms. Some of those websites belong to state police and property

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