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SBF Convicted, Worldcoin Faces Yet Another Ban, and Web3 Pre-Seed Funding Sees a Revival

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SBF sentenced, Worldcoin hit with another ban order and big web3 pre-seed rounds are backWelcome to TechCrunch Crypto, formerly known as Chain Reaction. This week in web3Crunching numbersThis week the crypto market prices were a bit more chipper, with the top cryptocurrencies being green on the week. The second-largest crypto, ether, increased 2.6% on the week to $3,550, according to CoinMarketCap data. Zero-knowledge proofs are a cryptographic action used to prove something about a piece of data, without revealing the origin data itself. Scott and I discuss Space and Time’s origin story, how data warehouses work in Web 2.0 versus web3 and the importance of data transparency.

“Transforming the Digital Landscape: An Upcoming web3 Network Strives to Break Free from Big Tech’s Data Domination”

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A new web3 network is being built right now that wants to end Big Tech’s control of your dataMany of the people building Web3 feel like the traditional web ecosystem has taken advantage of users and their data. It’s the initial team supporting The Graph, a decentralized network that indexes, queries and organizes data. It has been called the “Google of web3” and aims to organize open blockchain data and make open data a public good. “Web3 is still being built, we’re still working on building this decentralized internet that is censorship resistant. “The one thing that’s really important about AI is that it’s all about data,” Kline said.

“Public Outcry Against AI Sparks Standing Ovation at SXSW 2024 as AI Praise is Mocked as ‘Frightening Nonsense’ by Storytellers”

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The movie later went on to win 7 Oscars, including Best Picture, Best Director, and Best Screenplay. And this is why it’s so hard to find fulfillment in this current system. “Which brings me back to AI,” Kwan continued, to a thunder of applause and cheers. “So imagine what this technology will do within this current system, within this current incentive structure. “I also want to say, we’re not saying ‘don’t use AI.’ I don’t believe in dogmas.

“New Leadership, Same Mission: How Slack’s CEO Plans to Restore Balance Amidst Turmoil”

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Slack’s new CEO looks to bring stability after a turbulent period Three chief executives in one year will do thatIt’s not often you see an established company burn through three CEOs in less than a year. But through circumstances beyond its control, that’s what has happened at Slack, the company Salesforce acquired in 2020 for $28 billion. Jones herself had replaced company co-founder Stewart Butterfield when he announced that he was leaving at the end of 2022. “And then you think about Salesforce having this incredible set of customer data, some of the world’s most valued data. Even though Harris brings a long history of building Salesforce, Slack is losing a person who has a deep understanding of Slack’s technical underpinnings.

“Empowering Entrepreneurs: Artemis Fund Secures $36 Million to Support Diverse Innovators Tackling Complex Challenges”

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The Artemis Fund, which invests in underrepresented founders, closed on its second fund with $36 million in capital commitments. “We really wanted to make sure that our LPs aligned with our long-term goal of backing diverse founders,” Murakhovskaya told TechCrunch. VC investment itself continues to be fairly stagnant in these areas, according to my colleague Dominic-Madori Davis, who crunched the numbers on venture capital funding to these demographics earlier this month. Female founders and co-founders secured more capital overall in 2023 than they did in 2020, according to new Pitchbook research. For Fund II, Artemis intends to continue leading and co-leading investments and will target around 20 new companies.

Zuckerberg’s Persuasive Pitch: Meta’s Push to Elevate AI Chip Presence in Asian Tech Market

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Zuckerberg reportedly met Samsung’s executives, including Samsung executive chairman Jay Y. Lee, Wednesday night to discuss potential collaborations around AI chips, semiconductors, and extended reality. Nvidia continues to dominate the global market for AI chips, leaving a big opportunity for countries that have traditionally been strong in processors or reignite their innovation instincts. To that end, the social media giant has been ramping up its efforts to secure AI chips, and has been working on its own in-house AI chip, Artemis, for its data centers. Big tech companies like Microsoft, OpenAI, Amazon, and Google have equally been scrambling for AI chips to support their AI ambitions. Just yesterday, Zuckerberg met LG Electronics CEO William Cho in Seoul during his tour of Asia.

“Could Reddit be the Next Hot Meme Stock? Seeking Insights from Redditors”

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Reddit users wonder if the next big meme stock is Reddit itself Reddit invites power users in on its IPO, but other Redditors are also considering an investmentJeremiah Johnson says he has “an embarrassing amount” of Reddit karma. They’re also wondering if Reddit could be the next meme stock, which could prove lucrative or disastrous. Though she wasn’t invited to invest early, she plans to buy stock in Reddit once it officially goes public. “Reddit is really dependent on power users who moderate the site, and because they’ve given those power users actual power, power users did for a day or two literally make the site unusable,” Johnson said. Max Spero, a startup founder in his twenties, plans to buy Reddit stock post-IPO because he’s a fan of the platform, which he’s been using for 11 years.

Compatibility for Sony’s PS VR2 Expected by Year End

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PlayStation VR often gets overlooked in conversations about mixed reality. The Japanese electronics giant this week confirmed plans to give the PS VR2 a new lease on life, as it has begun testing PC compatibility. Content has always been an issue for mixed reality, but opening up the headset to Windows titles would suddenly bring in a flood of new experiences overnight. PlayStation exclusivity is likely a big part of the reason PS VR often doesn’t feel like a part of the broader mixed reality conversation. Opening up to PC titles will certainly help PS VR on both of those fronts.

The Plight of Brex: A Wealthy Affliction

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Brex and the curse of having too much moneyListen here or wherever you get your podcasts. From there we turned to fintech (generally) and Brex (more specifically). In short, Brex is a big company today but not one that is having a lot of fun at the moment, it appears. (generally) and Brex (more specifically). In short, Brex is a big company today but not one that is having a lot of fun at the moment, it appears.

“European Mycelium Startup Secures $58M in Funding: A Sign of the Tech’s Promising Future”

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A $58M round for this European Mycelium startup shows the tech is on the cusp of big thingsInfinite Roots (IR), formerly Mushlabs, is a German biotech company which has been plying the furrow of Mycelium, the material coming from fungi which has been hailed as something of an answer to everything from food to building materials. Existing investors, including Clay Capital, FoodLabs, Redalpine, Simon Capital and Happiness Capital also participated. Prior to this round IR had raised a Series A of $10 million. The company said it plans to use the new round to switch into commercial growth, expand its production capacities, and invest in launch activities. For instance, last year Meati Foods moved into full-scale production of its mycelium-based whole-food protein, launching a “Mega Ranch,” in Colorado financed in part by a $150 million Series C round and an extension round of $22 million.