Chinese VCs are hounding failed founders to claw back their investments

Posted on January 7, 2025 by Techme101

In the U.S., it’s accepted that most startups fail — and when that happens, VCs (generally) accept their losses and move on. But that’s not the case in China, where VCs are trying to claw back their investments in failed startups by pursuing the personal assets of their founders in court, The Financial Times reports. […]
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Dell Phases Out XPS Branding for New Pro and Pro Max Laptop Tiers

Posted on January 7, 2025 by Techme101

Named brands like XPS and Inspiron will now fall under size categories. Plus, Dell expanded its partnership with AMD.

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Anthropic reportedly in talks to raise $2B at $60B valuation, led by Lightspeed

Posted on January 7, 2025 by Techme101

OpenAI rival Anthropic is in talks to raise $2 billion in new capital in a funding round led by Lightspeed Venture Partners, according to The Wall Street Journal. The round, which The Journal reports would value Anthropic at $60 billion, would bring Anthropic’s total raised to $15.7 billion, going by Crunchbase’s data. It would also […]
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Xpeng Aero HT unveils ‘flying car’ that’s part-van, part-eVTOL at CES 2025

Posted on January 7, 2025 by Techme101

Xpeng Aero HT, the aerospace company under Chinese EV startup Xpeng, unveiled at CES 2025 its “modular flying car,” the so-called Land Aircraft Carrie. It’s ssentially an electric minivan with a small folding eVTOL (vertical takeoff and landing vehicle) tucked in the back, which can be rolled out and launched into flight.  The company says […]
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Meta Now Lets Users Say Gay and Trans People Have ‘Mental Illness’

Posted on January 7, 2025 by Techme101

Meta rolled out a number of changes to its “Hateful Conduct” policy Tuesday as part of a sweeping overhaul of its approach toward content moderation.

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Meta’s Fact-Checking Partners Say They Were ‘Blindsided’ by Decision to Axe Them

Posted on January 7, 2025 by Techme101

Fact-checkers claim they had no idea the company was going to end their partnerships and are scrambling to figure out the financial implications of the move.

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CES 2025: NVIDIA Unveils GeForce RTX 50-Series Chips, AI Research Supercomputers, and More

Posted on January 7, 2025 by Techme101

Jensen Huang, NVIDIA’s CEO, unveiled the company’s first flagship desktop GPU series in over two years during his keynote speech.

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Panasonic unveils an AI-powered wellness coach, powered by Anthropic’s Claude, at CES 2025

Posted on January 7, 2025 by Techme101

At CES 2025 in Las Vegas, Panasonic unveiled its upcoming digital assistant, Umi, which offers families a personalized, AI-powered wellness coach. Created in partnership with Anthropic, Umi uses the Claude AI model to help families “care, coordinate, and connect” with each other, the company said. More specifically, this involves an AI assistant that focuses on […]
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HR software startup OnPay was inspired by the founder’s family payroll business

Posted on January 7, 2025 by Techme101

In 2007, Jesse Burgess joined his family’s payroll business. He quickly noticed that the business’ six payroll clerks were getting bogged down by repetitive, monotonous tasks. So he sought to streamline those tasks by creating workflow automation tools. Several years later, Burgess sensed an opportunity to bring the tools he developed for his family’s business […]
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Bitcoin drops below $98,000 as Treasury yields pressure risk assets

Posted on January 7, 2025 by Techme101

Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly.

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