In Brief

Y Combinator backs its first defense startup, Ares Industries

The first defense startup to receive backing from Y Combinator, Ares Industries, launched earlier this week. In a post on the YC website, the startup outlined a vision to build low-cost cruise missiles that will be compatible with existing launch platforms, saying it will “deliver the capabilities that the [Department of Defense] wants in a […]

Y Combinator backs its first defense startup, Ares Industries Read More »

Apple reportedly announcing iPhone 16 lineup and more on Sept. 10

Apple will be unveiling new products on September 10, with the announced phones going on sale on September 20, according to a report from Bloomberg’s Mark Gurman. That lineup will reportedly include the iPhone 16, with larger screens on the Pro models and a new button just for taking pictures. The phones should also support

Apple reportedly announcing iPhone 16 lineup and more on Sept. 10 Read More »

Justice Department sues RealPage over allegedly helping landlords collude to drive up rents

RealPage, which makes property management software, was sued Friday by the U.S. Justice Department and eight attorneys general for allegedly helping apartment and building managers around the country collude to drive up unit prices. The Richardson, Texas-based outfit is accused of contracting with rival landlords to absorb info about their rates and lease terms to

Justice Department sues RealPage over allegedly helping landlords collude to drive up rents Read More »

‘Disappointed but not surprised’: former employees speak on OpenAI’s opposition to SB 1047

Two former OpenAI researchers who resigned this year over safety concerns say they are disappointed but not surprised by OpenAI’s decision to oppose California’s bill to prevent AI disasters, SB 1047. Daniel Kokotajlo and William Saunders previously warned that OpenAI is in a “reckless” race for dominance. “Sam Altman, our former boss, has repeatedly called

‘Disappointed but not surprised’: former employees speak on OpenAI’s opposition to SB 1047 Read More »

Peloton adds $95 activation fee for used equipment

In a shareholder letter released Thursday, Peloton outlined its ongoing strategy to regain its financial footing. It highlights the implementation of a new one-time “used equipment fee” of $95 USD / $126 CAD. The move is an effort to squeeze additional revenue from second-hand products, over concerns that cheaper, slightly used bikes, treadmills and rowers

Peloton adds $95 activation fee for used equipment Read More »

Former Alphabet X spinout Mineral sells technology to John Deere

Earlier this year, reports surfaced that Alphabet had closed the book on its ag-tech robotics spinout, Mineral. The news arrived amid larger money crunches at Google’s parent. Citing a crowded market and profit concerns, Mineral ceased operation and pivoted to technology licensing. This month, Mineral CEO Elliott Grant reprinted the leaked memo, while confirming that

Former Alphabet X spinout Mineral sells technology to John Deere Read More »