close

Deadline Approaching: Last Chance to Submit Applications for Startup Battlefield 200!

Sub200 General Article Image Header 1920x1080 V1
You’re running out of time to join the Startup Battlefield 200, our curated showcase of top startups from around the world and across multiple industries. This elite cohort — 200 companies strong — absolutely owns (and slays) the exhibition floor at TechCrunch Disrupt. Tomorrow is the last day to apply to Startup Battlefield 200We’re accepting applications from early-stage startups until tomorrow, June 10 at 11:59 p.m. PDT. A shot at $100,000: TechCrunch editors will select 20 startups from the SB 200 to be Startup Battlefield finalists. Apply to the Startup Battlefield 200 right now.

Revised: Turkey’s Meta Implements Thread Closure in Adherence to Injunction Against Sharing Data with Instagram

Gettyimages 1978497338 E1713180431349
Meta said on Monday that it plans to “temporarily” shutter Threads in Turkey from April 29, in response to an interim injunction imposed by the Turkish competition authority last month over the way Meta shares data between Threads and Instagram. In 2022, Turkey imposed a $18.6 million fine on Meta for combining user data across Facebook, Instagram and WhatsApp. Initially, the only way Meta allowed users to delete a Threads profile was by deleting their whole Instagram account, though it later introduced a separate mechanism for those wishing to ditch their Threads profile only. Turkish regulators had announced the investigation on the way Meta linked Threads with Instagram in December, concluding last month that there was a strong case to answer for. The latter of these options means a user’s profile can be resurrected when and if Threads is available in the country again.

Snapchat Disables Controversial ‘Solar System’ Function in Response to Negative Publicity

Evan Spiegel Snapdsc04002
Less than a week after The Wall St. Journal reported on how a Snapchat feature dubbed “solar system” was adding to teens’ anxiety, the company has responded by adjusting how the feature works. The ranking system for paid subscribers today shows you how close you are to your Snapchat friends by displaying your position in their solar system. However, instead of removing the feature, as it did with the dangerous and controversial speed filter, which it was sued over for “negligent design,” Snap is simply turning the Solar System feature off by default. A more relevant stat would be how many Snapchat+ users have used Solar System or viewed the feature. The Solar System feature was only one of Snapchat’s friend ranking systems.

Virtual Spotlight: Discover the Excitement of the AI World at Nvidia’s GTC 2024 Conference

Site Nvidia Version
Chip giant Nvidia is hosting a massive AI conference as part of its GTC event this week, which kicks off Monday. With a keynote planned from Jensen Huang, CEO and co-founder, of the company best known in year’s past for its gaming hardware and today for its massive market share in the burgeoning AI hardware market, expect Nvidia to make some news. Given how many AI startups and giants alike use Nvidia gear, TechCrunch is expecting quite a lot to shake loose over the next few days. To presage the confab, and detail just why we’re paying such close attention to a single company’s industry event, hit play below. Stick close to TechCrunch for coverage throughout the week.

“Share Your Future Location with Loved Ones Using Swayy: The Ultimate Group Curation App at MWC!”

Swayy Map
Swayy is an iPhone app startup that allows you to share not your current location, but your next intended location. I also liked the way the Swayy app allows me to create custom groups. As Westropp pointed out, as a female founder, she’s acutely aware that being able to control precisely who can see her future location is something she hard-wired into the app. Of course, Swayy is likely to struggle against the tech giants already toying with location as feature. It will also be an opportunity for Instagram to appeal to people who were fans of Zenly, a social map app that Snap acquired and then shut down in 2022.

Albedo Secures $35 Million in Funding for Groundbreaking Satellite Orbiting Technology

Albedo
In 2019, then-President Trump tweeted a detailed image of a heavily damaged Iranian launch pad captured by a classified military satellite. The image, which was declassified in 2022, revealed what many in the commercial Earth observation industry suspected: that U.S. defense had the ability to capture images at a staggeringly sharp 10-centimeter resolution. In comparison, the biggest optical imagery providers today collect images at a 30-centimeter resolution, which is algorithmically improved to 15 centimeters.) Now, the company says it has closed $35 million in Series A-1 financing, at an up round valuation. Right now, Albedo is working toward launch of its first commercial satellite in the first half of 2025.

Terran Orbital’s Top Client Nears Funding Deal for Multibillion-Dollar Constellation Venture

Gettyimages 1244859919
Terran Orbital may be close to receiving a major payment from its biggest customer, CEO Marc Bell announced internally at a company-wide meeting earlier this month. While Terran is pursuing other lucrative contracts that could comprise billions in work, its $2.4 billion contract with Rivada is by far the largest it has secured so far. Earlier this quarter, Terran had to adjust its full-year financial outlook after Rivada delayed paying an incremental $180 million toward that total contract award. “I had dinner with [Rivada CEO] Declan Ganley last week in DC,” Bell told staff during the meeting, a recording of which was obtained by TechCrunch. As of November, Terran reported a backlog of future work of $2.6 billion, of which $2.4 billion is from the Rivada contract.

“Xfinity Customers’ Data Stolen in Massive Cyberattack: Comcast Statement”

Corporate Xfinity Store Exterior Resized
Comcast has confirmed that hackers exploiting a critical-rated security vulnerability accessed the sensitive information of almost 36 million Xfinity customers. Hackers have used the CitrixBleed vulnerability to hack into big-name victims, including aerospace giant Boeing, the Industrial and Commercial Bank of China, and international law firm Allen & Overy. The notice doesn’t say how many Xfinity customers have been impacted, and Comcast spokesperson Joel Shadle declined to say when asked by TechCrunch. In a filing with Maine’s attorney general, Comcast confirmed that almost 35.8 million customers are affected by the breach. Comcast’s latest earnings report shows the company has over 32 million broadband customers, suggesting this breach has impacted most, if not all Xfinity customers.