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Legally beleaguered AI music startup Suno raises valuation at $2.45 billion on revenue of $200 million

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✨ Explore this must-read post from TechCrunch 📖 📂 Category: Media & Entertainment,Startups,TC,Venture,AI,ai music,gen ai,Music,streaming,suno 📌 Here’s what you’ll learn: If you want insight into how venture capital firms (and Silicon Valley in general) are concerned about the legal challenges of training AI on copyrighted material, look no further than AI music site Suno. Suno, which lets anyone create AI-generated songs through prompts, announced Wednesday that it has raised a $250 million Series C round at a post-money valuation of $2.45 billion. The round was led by Menlo Ventures, with participation from Nvidia's investment arm, NVitures, as well as Hallwood…

Subletting Kiki paid more than $152,000 to settle fees after violating New York City’s short-term rental laws.

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🔥 Read this awesome post from TechCrunch 📖 📂 Category: Startups,Apps,Government & Policy,New York,rentals,apartment rentals,kiki club ✅ Here’s what you’ll learn: Kiki Club, founded in Oakland, launched its peer-to-peer subleasing startup in New York City in 2023 with the goal of helping renters sublease their apartments while traveling for long periods. However, Kiki's model violated local short-term rental laws, leading to its closure last June. The New York Sheriff's Office of Special Enforcement (OSE) announced Wednesday that Kiki has agreed to pay more than $152,000 to settle the charges. Backed by Blackbird, the Airbnb competitor was aiming to simplify the…

With the upcoming ban, Meta begins notifying Australian teens that their accounts will be closed

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✨ Check out this must-read post from TechCrunch 📖 📂 Category: Apps,Government & Policy,Social,age verification,government,Meta ✅ Main takeaway: With Australia's social media ban on teens under 16 looming, Meta has begun notifying teenage Facebook and Instagram users of the fate of their accounts. When the ban goes into effect on December 10, Meta will revoke teens' access to their existing accounts, and starting December 4, will prevent users under 16 from starting new accounts. Once they turn 16, they will be able to access their old account as they left it. However, it would be difficult for Meta to identify…

The Epstein Files claimed OpenAI’s first victim: board member Larry Summers

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🔥 Explore this trending post from TechCrunch 📖 📂 Category: AI,Government & Policy,jeffrey epstein,Larry Summers,OpenAI,openai board 📌 Key idea: Former Treasury Secretary Larry Summers resigned from OpenAI's board of directors days after Congress released a trove of emails with convicted sex offender Jeffrey Epstein, which included details of intimate affairs. Summers is also a former president of Harvard University and a current professor. The university will open its own investigation into Summers' contacts with Epstein, according to the Harvard Crimson, a student newspaper. The university newspaper also reported that Summers would step back from his public commitments. His departure comes…

Credit risk automation platform Kaaj raises $3.8 million from Kindred Ventures

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💥 Read this awesome post from TechCrunch 📖 📂 Category: Startups,Fintech,Venture ✅ Key idea: Shivi Sharma spent a decade working in credit risk at places like American Express and Faro Bank. At some point, they realized that teams were spending equal time analyzing all types of loans — regardless of whether they were worth $100,000 or $5 million — which meant that evaluating smaller loans was ultimately an unprofitable and time-consuming process for lenders. She and her husband, Utsav Shah, realized there was an opportunity here. “I watched as the vast majority of small business owners couldn't access the capital…

With Lovable reaching $200 million, its CEO attributes its success to remaining in Europe

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✨ Read this awesome post from TechCrunch 📖 📂 Category: AI,Enterprise,Accel,cursor,vibe coding,Lovable 📌 Here’s what you’ll learn: Swedish programming unicorn Lovable has doubled its annual recurring revenue (ARR) to $200 million in just four months, co-founder and CEO Anton Osika said on stage at the Slush technology conference 2025 in Helsinki, Finland. The milestone comes just four months after the year-old company surpassed $100 million in ARR in July. Osika credited the AI-assisted coding software maker's decision not to move to Silicon Valley as the main reason for his success so far. Lovable decided to stay in Europe despite receiving…

Cloudflare blames massive internet outage on ‘latent glitch’

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🔥 Discover this awesome post from TechCrunch 📖 📂 Category: Enterprise,ChatGPT,Claude,cloudflare,Outage,Spotify,X,x.com ✅ Here’s what you’ll learn: On Tuesday morning, much of the internet was down or not working properly, including ChatGPT, Cloud, Spotify, X, and more due to an outage at internet infrastructure giant Cloudflare. Cloudflare said on its status page at around 8 a.m. ET that it had identified the issues and was implementing a fix. Less than two hours later, Cloudflare said: "The fix has been implemented and we believe the incident is now resolved. We continue to monitor errors to ensure all services are back to normal."…

Physics Wallah has rosy day for IPO, weathering broader slowdown in Indian edtech

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💥 Discover this insightful post from TechCrunch 📖 📂 Category: Startups,EdTech,India IPO,IPO,Physics Wallah 💡 Here’s what you’ll learn: Indian edtech startup Physics Wallah ended its first day as a public company on a high note, with its shares closing 44% higher than where they listed, suggesting the country's edtech sector may still be recovering after years of gloom. At ₹109, the company's shares rose to ₹161.99 before closing at ₹156.49, valuing it at ₹448 billion (about $5 billion). This is significantly higher than its listing valuation of $315 billion (about $3.6 billion), and approximately 79% higher than the last private…

Snapchat is rolling out “Topic Conversations” for public conversations

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🚀 Read this insightful post from TechCrunch 📖 📂 Category: Apps,Social,Snapchat 💡 Here’s what you’ll learn: After focusing primarily on private conversations since its founding, Snapchat is embracing public conversations with its new Topic Conversations feature. The social network says the feature allows users to chat about what's happening in the world and across different communities, from Formula 1 to the reality TV show Below Deck. Snapchat says profiles will remain private to anyone who's not friends with you, which helps prevent unwanted friend requests or direct messages. While a user's display name will be visible next to their message,…

TikTok now lets you choose how much AI-generated content you want to see

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🚀 Discover this trending post from TechCrunch 📖 📂 Category: AI,Apps,Social,social media,TikTok 📌 Here’s what you’ll learn: TikTok, the app that was once just a place for user-generated content, is launching a new setting that lets users choose how much AI-generated content they want to see in their “For You” feed. The company also offers the most advanced tagging technologies for AI-generated content. The new Artificial Intelligence Generated Content (AIGC) control is rolling out within the app's "Manage Topics" tool, which allows users to choose what they see on TikTok. “Managing topics already enables people to adjust how often they…