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Turbine Finance, which allows LPs to borrow funds secured against their positions in venture funds, emerges from stealth with a $13M Series A and an $8.75M seed (Marina Temkin/TechCrunch) 05-04-2025

Marina Temkin / TechCrunch: Turbine Finance, which allows LPs to borrow funds secured against their positions in venture funds, emerges from stealth with a $13M Series A and an $8.75M seed  —  Since IPOs slowed to trickle a few years ago, limited partners who invest in venture capital funds have had one giant problem: a dearth of liquidity. Lees verder op Tech Meme

A US federal judge decides Elon Musk's OpenAI lawsuit will go to a jury trial on March 16, 2026; in February, Musk and OpenAI agreed to fast-track the trial (Anna Tong/Reuters) 05-04-2025

Anna Tong / Reuters: A US federal judge decides Elon Musk’s OpenAI lawsuit will go to a jury trial on March 16, 2026; in February, Musk and OpenAI agreed to fast-track the trial  —  – Billionaire Elon Musk’s lawsuit against OpenAI will go to a jury trial in spring 2026, the federal judge presiding over the case decided on Friday. Lees verder op Tech Meme

New Jersey's governor signs a law criminalizing creating and sharing “deceptive and dangerous deepfakes”, like fake AI nudes of minors, with up to a $30K fine (Ashley Belanger/Ars Technica) 05-04-2025

Ashley Belanger / Ars Technica: New Jersey’s governor signs a law criminalizing creating and sharing “deceptive and dangerous deepfakes”, like fake AI nudes of minors, with up to a $30K fine  —  When Francesca Mani was 14 years old, boys at her New Jersey high school used nudify apps to target her and other girls. Lees verder op Tech Meme

Crunchbase: global startup funding reached $113B in Q1 2025, up 54% YoY, buoyed by OpenAI's $40B deal; PitchBook says 77% of US deal value in Q1 2025 went to AI (Duncan Riley/SiliconANGLE) 05-04-2025

Duncan Riley / SiliconANGLE: Crunchbase: global startup funding reached $113B in Q1 2025, up 54% YoY, buoyed by OpenAI’s $40B deal; PitchBook says 77% of US deal value in Q1 2025 went to AI  —  New reports out today from Crunchbase Inc. and PitchBook-NVCA Venture Monitor reveal that global venture capital rebounded sharply … Lees verder op Tech Meme

Analysis: President Trump has claimed credit for tech companies pledging $1.4T+ in US spending so far, but many of the plans aren't new and not all will happen (Bloomberg) 05-04-2025

Bloomberg: Analysis: President Trump has claimed credit for tech companies pledging $1.4T+ in US spending so far, but many of the plans aren’t new and not all will happen  —  Business leaders have pledged at least $1.6 trillion in US spending since Trump was elected to a second term as president. Lees verder op Tech Meme

Miami-based remittance startup Felix Pago, which uses stablecoins and handled $1B+ in money transfers via WhatsApp in 2024, raised a $75M Series B led by QED (Bloomberg) 05-04-2025

Bloomberg: Miami-based remittance startup Felix Pago, which uses stablecoins and handled $1B+ in money transfers via WhatsApp in 2024, raised a $75M Series B led by QED  —  Remittance startup Felix Pago raised $75 million in a Series B round led by QED Investors as it looks to expand operations … Lees verder op Tech Meme

In backing Trump, effective accelerationists like Musk and Andreessen got a “Decel-in-Chief”, who instigated a brain drain and tariffs that hurt tech companies (Emanuel Maiberg/404 Media) 05-04-2025

Emanuel Maiberg / 404 Media: In backing Trump, effective accelerationists like Musk and Andreessen got a “Decel-in-Chief”, who instigated a brain drain and tariffs that hurt tech companies  —  In October of 2023, Marc Andreessen, founder of the Silicon Valley venture capital firm Andreessen Horowitz (a16z) … Lees verder op Tech Meme

Joel Kaplan says Meta's US fact-checking program will be over by Monday, and Community Notes will start appearing on Facebook, Threads, and Instagram (Amanda Silberling/TechCrunch) 05-04-2025

Amanda Silberling / TechCrunch: Joel Kaplan says Meta’s US fact-checking program will be over by Monday, and Community Notes will start appearing on Facebook, Threads, and Instagram  —  Meta will no longer have any fact-checkers in the U.S. come Monday, according to chief global affairs officer Joel Kaplan. Lees verder op Tech Meme