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r/WallStreetBets really hates the SEC’s proposal to weaken quarterly reporting

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🔥 Explore this must-read post from TechCrunch 📖 📂 **Category**: Government & Policy,SEC,Securities and Exchange Commission,stocks,WallStreetBets 💡 **What You’ll Learn**: The Securities and Exchange Commission formally proposed last week to weaken quarterly reporting standards for publicly traded companies. So far, public comments submitted to the financial regulator on the idea have been mostly negative. But the best objection was made yesterday by the popular Reddit site, WallStreetBets. The community of "nearly 18 million retail investors on Reddit" argued in the unsigned letter that quarterly financial filings — known as 10-Q filings — are "the most important settlement mechanism between individual…

Anduril raises $5 billion, doubles valuation to $61 billion

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🚀 Explore this awesome post from TechCrunch 📖 📂 **Category**: Fundraising,Startups,anduril,defense tech 📌 **What You’ll Learn**: Another year, another massive influx of capital into Anduril: The funding round that was rumored to take place in March has officially closed. Anduril has raised a $5 billion Series H round at a $61 billion valuation, led by returning investors Thrive Capital and Andreessen Horowitz, the company announced Wednesday. That's more than double the valuation it received just under a year ago, when it raised $2.5 billion at a $30.5 billion valuation led by Founders Fund. (The founder's fund received a check for…

Who decides what AI tells you? Campbell Brown, who was head of news at Meta, has ideas

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💥 Discover this trending post from TechCrunch 📖 📂 **Category**: AI,TC,Campbell Brown,Forum AI,Lerer Hippeau ✅ **What You’ll Learn**: Campbell-Brown has spent her career chasing accurate information, first as a popular TV journalist, then as Facebook's first and only head of news. Now, as she watches artificial intelligence reshape how people consume information, she sees history threatening to repeat itself. And this time, she's not waiting for someone else to fix her. Her company Forum AI — which she recently discussed with TechCrunch's Tim Fernholz at a StrictlyVC evening in San Francisco — evaluates how foundational models perform on what it…

Clio’s $500M milestone hits as Anthropic ups the ante

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✨ Discover this insightful post from TechCrunch 📖 📂 **Category**: AI,Startups,Clio,legal tech 📌 **What You’ll Learn**: While AI is now being applied to everything from healthcare to customer support, no single use case has been as popular or lucrative as writing code. Jack Newton, co-founder and CEO of Clio, a Canadian law firm management software company, is convinced that legal technology is poised to be the next big winner in the MBA era. That's a self-interested claim — 18-year-old Clio is a legal technology company — but the numbers are hard to dismiss. Clio saw its revenue growth accelerate sharply…

Ransomware hackers claim a breach at Foxconn, a major electronics manufacturer for Apple, Google and Nvidia.

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💥 Read this trending post from TechCrunch 📖 📂 **Category**: Security,Apple,cybercrime,cybersecurity,Foxconn,Google,hacking,In Brief,nvidia,ransomware 💡 **What You’ll Learn**: Electronics manufacturing giant Foxconn, which makes devices and components for Apple, Google, Nvidia and Sony, among other tech giants, confirmed on Monday that it had been hit by a cyberattack that may have affected some of its factories. Foxconn said in a statement sent to the media that the cyberattack affected facilities in North America, and that "the affected factories are currently resuming their normal production." Ransomware gang Nitrogen claimed responsibility for the Foxconn hack in a statement on its dark web leak site,…

Man is attracting a new type of customer: small business owners

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🚀 Check out this insightful post from TechCrunch 📖 📂 **Category**: AI,Anthropic,Claude,SMBs 💡 **What You’ll Learn**: Anthropic is looking to take small companies to court. To that end, the company on Wednesday announced the launch of Claude for Small Business, a new suite of services designed for customers who look less like Walmart and Starbucks and more like your local hardware store or coffee shop. To date, most AI adoption has been done at the enterprise level. In the recent past, studies have shown that most companies that have scaled AI systems beyond experimental or experimental integration tend to be…

Who trusts Sam Altman? | TechCrunch

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💥 Explore this must-read post from TechCrunch 📖 📂 **Category**: AI,Elon Musk,OpenAI,sam altman ✅ **What You’ll Learn**: In May 2023, Sam Altman, CEO of OpenAI, was sworn in and testified before Congress about regulating AI. Senator John Kennedy of Louisiana heard his thoughts on advanced modeling licensing and asked if Altman was qualified to run a hypothetical AI regulatory agency. “I love my current job,” Altman said with a laugh. “You make a lot of money, don't you?” Kennedy asked him. “No, I get paid enough money for health insurance,” Altman assured him, “and I don’t have any shares in…

Instagram’s new “Instants” feature combines elements from Snapchat and BeReal

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✨ Check out this insightful post from TechCrunch 📖 📂 **Category**: Apps,Social,bereal,Instagram,Meta,Snapchat 📌 **What You’ll Learn**: Instagram announced on Wednesday that it is launching “Instants” globally, a new feature for sharing original and disappearing photos after testing it with select users. This feature allows users to share disappearing photos with their close friends or common followers which can be viewed only once and remain available for 24 hours. The app borrows ideas from social media platforms like Snapchat, Locket, and BeReal, focusing on original and ephemeral content. Unlike Instagram, which is all about curated, polished content, Instants are designed for…

This is what some of the world’s largest malware banks look like stacked up like hard drives

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🚀 Check out this insightful post from TechCrunch 📖 📂 **Category**: Security,cybersecurity,infographic,malware ✅ **What You’ll Learn**: The malware research group vx-underground, which says it has the largest collection of malware source code, said in a post on X that its data archive amounts to about 30 terabytes. Bernardo Quintero, founder of VirusTotal, an online service that scans files for malware across multiple antivirus engines simultaneously, said his service has about 31 Petabyte Of the malware samples contributed by users so far. (A petabyte is about 1,000 times larger than a terabyte.) Either way, that's a lot of data. For context,…

Notion has just transformed its workspace into a hub for AI clients

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🚀 Read this awesome post from TechCrunch 📖 📂 **Category**: AI,Enterprise,AI agents,Notion ✅ **What You’ll Learn**: Notion, the maker of productivity software, is entering the age of agents. In a live-streamed product announcement on Wednesday, the company, known for its collaborative note-taking app, introduced a new platform for developers that extends the capabilities of custom AI agents, communicates with external agents, and allows teams to build multi-step automated workflows that can pull data from any database. By building an orchestration layer — a system that coordinates AI work across multiple tools and data sources — Notion positions itself as more…