Author: GT

U.S. President Donald Trump speaks to reporters before boarding Air Force One as he departs from Joint Base Andrews in Maryland, D.C., U.S., March 14, 2025. Kevin Lamarque | ReutersPresident Donald Trump is scheduled to meet with more than a dozen oil industry executives at the White House on Wednesday afternoon to discuss his energy agenda, a senior administration official told CNBC.Interior Secretary Doug Burgum and Energy Secretary Chris Wright will also attend the meeting, the official said. Burgum leads Trump’s National Energy Dominance Council. Wright serves as vice chair of the interagency body.The 15 executives attending the White House meeting…

A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. Evgenia Novozhenina | ReutersEuropean Union regulators are taking steps to rein in Google and Apple on antitrust charges, even as U.S. President Donald Trump threatens to hit the bloc with tariffs for alleged “overseas extortion” of America’s tech giants.The European Commission, which is the executive body of the EU, said Wednesday that it found Google parent company Alphabet in breach of the Digital Markets Act (DMA) — a landmark law…

Arcade, an AI agent infrastructure startup founded by former Okta exec Alex Salazar and former Redis engineer Sam Partee, has raised $12 million from Laude Ventures. Laude is the new fund launched in 2024 by Perplexity co-founder Andy Konwinski, the UC Berkeley computer scientist who also co-founded Databricks. This isn’t the only check Laude has cut. But it is the first publicly announced one, Laude co-founder and general partner Pete Sonsini told TechCrunch. Sonsini is well-known for his years at NEA, where he led early investments in Databricks, Anyscale, and Perplexity. As for Salazar, he’s a repeat founder. He landed at Okta after…

LONDON (AP) — The European Union on Wednesday outlined the steps that Apple must take to open up its iPhone and iPad operating systems to work better with competing technologies.It’s the first time it has moved to compel a technology company to comply with the bloc’s digital rulebook, known as the Digital Markets Act.The 27-nation bloc’s executive Commission had opened two “specification proceedings” last year to lay out the steps Apple needed to comply with the sweeping rulebook, also known as the DMA, which took effect last year.In its decision, the commission detailed the measures that the iPhone maker has…

(Bloomberg) — Ripple said the US Securities and Exchange Commission case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of President Donald Trump’s administration. Most Read from Bloomberg The agency has dropped its appeal of a previous ruling, Chief Executive Officer Brad Garlinghouse said in a post on X on Wednesday. A spokesperson for the firm confirm the comments. A spokesperson for the SEC didn’t immediately respond to a request for comment. The securities regulator has dismissed or paused several other legal cases and investigations targeting crypto companies,…

AI coding assistants are becoming wildly popular, with the vast majority of respondents in GitHub’s latest poll saying that they’ve adopted AI tools in some form. Y Combinator partner Jared Friedman recently claimed that a quarter of YC’s W25 startup batch have 95% of their codebases generated by AI. Sensing an opportunity, VCs are rushing to back startups developing AI-powered assistive programming tools. One of these startups, Graphite, on Tuesday announced that it raised $52 million in a Series B round led by Accel, with participation from Anthropic’s Anthology Fund with Menlo Ventures, Shopify Ventures, Figma Ventures, Andreessen Horowitz and The General Partnership. Tomas…

When it comes to climate-related investments, the lion’s share has gone to companies working in energy and transportation. Most investors overlook actual lions — that is, nature-based solutions like biodiversity tend to get short shrift in the investment world. Just $35 billion was invested in nature-based solutions in 2022, compared with $1.46 trillion for the rest of the climate finance sector. To address the shortfall, Just Climate has raised $175 million from Microsoft’s Climate Innovation Fund and CalSTRS. Just Climate is an offshoot of Al Gore’s Generation Investment Management. Until this year, it had focused on what it calls industrial…

The recent security breach for around $1.5 billion at Bybit, the world’s second-largest cryptocurrency exchange by trading volume, sent ripples through the digital asset community. With $20 billion in customer assets under custody, Bybit faced a significant challenge when an attacker exploited security controls during a routine transfer from an offline “cold” wallet to a “warm” wallet used for daily trading. Initial reports suggest the vulnerability involved a home-grown Web3 implementation using Gnosis Safe — a multi-signature wallet that uses off-chain scaling techniques, contains a centralized upgradable architecture, and a user interface for signing. Malicious code deployed using the upgradable…

The U.S. government’s cybersecurity agency is scrambling to contact more than 130 former employees after a federal court ruled that the Trump administration must reinstate workers it “unlawfully” fired. U.S. District Judge James Bredar last week ordered the Trump administration to reinstate employees laid off across a number of U.S. government agencies, including the Department of Homeland Security, which oversees the Cybersecurity and Infrastructure Security Agency (CISA). The ruling focuses on federal probationary employees, which include workers who were hired or promoted within the past three years. CISA fired 130 probationary employees in February, as part of the Trump administration’s…

An uninspired, fairly directionless cryptocurrency market was draining value from a wide range of altcoins on Tuesday. This wasn’t quite a rout, but still, the general gloom hanging over various types of investments shaved the prices of quite a few of the less popular cryptos. Shiba Inu (CRYPTO: SHIB), whose logo is a jolly dog, wasn’t in a good mood with its nearly 5% decline from 4 p.m. ET. Solana (CRYPTO: SOL) wasn’t faring much better with a more than 4% drop, while Litecoin’s (CRYPTO: LTC) almost 6% loss was feeling heavy for investors. This really isn’t the fault of…