Author: GT

Witthaya Prasongsin | Moment | Getty ImagesSenate Republicans are threatening to hike taxes on clean energy projects and abruptly phase out credits that have supported the industry’s expansion in the latest version of President Donald Trump’s big spending bill.The measures, if enacted, would jeopardize hundreds of thousands of construction jobs, hurt the electric grid, and potentially raise electricity prices for consumers, trade groups warn.The Senate GOP released a draft of the massive domestic spending bill over the weekend that imposes a new tax on renewable energy projects if they source components from foreign entities of concern, which basically means China.…

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024.Bloomberg | Bloomberg | Getty ImagesMeta shares hit a record high on Monday, underscoring investor interest in the company’s new AI superintelligence group.The company’s shares reached $747.90 during midday trading, topping Meta’s previous stock market record in February when it began laying off the 5% of its workforce that it deemed “low performers.”Meta joins Microsoft and Nvidia among tech megacaps that have reached new highs of late, all closing at records Monday. Apple, Amazon, Alphabet and Tesla remain below their all-time highs…

AI marks the most significant revolution in startup development since the advent of cloud computing. This isn’t just an incremental change; AI is fundamentally reshaping every facet of company building, from the initial spark of idea validation and the intricate process of product development to the critical areas of team structuring and go-to-market strategies. Jennifer Neundorfer, co-founder and managing partner at January Ventures, unpacks the new rules of engagement for the AI era, offering essential insights for the next generation of founders at every stage. Catch her at TechCrunch All Stage on July 15 at Boston’s SoWa Power Station. Lean…

WASHINGTON (AP) — A ceasefire between Iran and Israel has not ended the threat of cyberattacks from hacking groups supportive of Tehran, the FBI and federal cybersecurity officials warned Monday.In a public bulletin, the authorities warned that hacking groups affiliated with or supportive of Tehran may still seek to disrupt or disable critical infrastructure systems in the U.S. such as utilities, transportation and economic hubs. Hackers may also target defense contractors or other American companies with ties to Israel, the agencies said.“Despite a declared ceasefire and ongoing negotiations towards a permanent solution, Iranian-affiliated cyber actors and hacktivist groups may still…

Join Tiffany Luck, partner from NEA, at TechCrunch All Stage as she unveils the art of pitching to venture capitalists. Luck will share insider tips on what VCs truly value, empowering you to tell your story with clarity and impact without falling prey to common pitfalls that derail pitches.  The goal of this session: Deliver actionable strategies for you to captivate investors and secure the funding you need to propel your startup forward. Your pitch is your power — sharpen it with insights from Luck and other scaling heavyweights at TC All Stage. Register now and save up to $425…

CANNES — Robinhood stock climbed 10% to an all-time high Monday after the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout.It is the company’s first move to make private equity accessible via blockchain.The announcement, which came Monday during the company’s product showcase in Cannes, is part of a broader push to expand Robinhood’s crypto footprint globally. The tokenized assets will be available exclusively through Robinhood’s EU crypto app, where more than 200 tokenized stocks and ETFs are now tradable 24 hours a day, five days a week with no…

Mark Zuckerberg said on Monday that he’s creating Meta Superintelligence Labs, which will be led by some of his company’s most recent hires, including Scale AI ex-CEO Alexandr Wang and former GitHub CEO Nat Friedman.Zuckerberg said the new AI superintelligence unit, MSL, will house the company’s various teams working on foundation models, like the open-source Llama software, products and Fundamental Artificial Intelligence Research (FAIR) projects, according to an internal memo obtained by CNBC.Bloomberg first reported about the new unit.Meta’s co-founder and CEO has been on an AI hiring blitz as he faces fierce competition from rivals like OpenAI and Google.…

The company behind Cursor, the viral AI coding editor, launched a web app on Monday that allows users to manage a network of coding agents directly from their browser. The launch marks Cursor’s next big step beyond its integrated development environment (IDE), the core product developers use to access its tools. While Anysphere, the company behind Cursor, initially offered only this AI-powered IDE, the company has made a concerted effort to put its products in more places and develop more agent-powered experiences for users. In May, Cursor launched background agents — AI systems that solve coding tasks autonomously without user…

AI-powered accounting startup Campfire announced Monday that it has raised a $35 million Series A led by Accel, with participation from Foundation Capital, Y Combinator, Capital49, and angel investors including Mercury’s CFO Dan Kang. “Within nine months of formation, we had customers [with] north of 100 employees ripping out NetSuite and putting in Campfire,” founder CEO John Glasgow said. Some of Campfire’s customers that have migrated from NetSuite include wealth management platform Advisor360, construction software startup Rhumbix, and customer experience company Fooji, Campfire says. This was, in part, because Glasgow attended YC in the summer of 2023, despite being decidedly…

CARTERSVILLE, Ga. (AP) — When two South Korean companies announced a multibillion-dollar investment to build solar panel and electric battery factories in northwest Georgia, federal subsidies helped close a deal to diversify the local economy. The factories promised thousands of new jobs, transforming the manufacturing base in Cartersville, once a cotton mill town before an Anheuser-Busch brewery arrived in the 1990s and a tire plant in 2006.But now Republicans in Congress want to gut the subsidies for projects across the country in a tax cut bill likely days from final passage. President Donald Trump’s signature legislation could harm Cartersville despite…