CaaStle founder charged with fraud, turns herself in

Christine Hunsicker, founder of the fashion startup CaaStle, turned herself in to authorities Friday to face fraud charges, authorities confirmed to Bloomberg.  The US Attorney for the Southern District of New York unsealed an indictment against her, charging her with wire fraud, securities fraud, money laundering, aggravated identity theft, and lying to financial institutions. She … Read more

Netflix starts using GenAI in its shows and films

Companies developing video AI models and tools often talk about working with Hollywood studios to make certain workflows possible. On Thursday, Netflix said that it has started using AI in movies and shows it produces. Speaking at the company’s post-results conference call, the company’s co-CEO, Ted Sarandos, said that the platform had “the very first … Read more

Perplexity sees India as a shortcut in its race against OpenAI

While OpenAI has cemented its lead in the U.S., Perplexity is taking a different route — quietly expanding into India to compete in the next phase of AI adoption. The search-focused AI startup is rapidly adding millions of users in the world’s second-largest internet and smartphone market, positioning itself for mass-market scale. This week, Perplexity … Read more

‘Utopian’ city California Forever announces huge tech manufacturing park 

California Forever announced on Thursday plans to build a massive manufacturing park called Solano Foundry, the newest addition to its master-planned “utopian” city backed by a group of Silicon Valley billionaires. Solano Foundry is 2,100 acres that can host 40 million square feet of advanced tech manufacturing space. The manufacturing park will be built as … Read more

Hadrian raises $260M to build out automated factories for space and defense parts

Investors are continuing to rally behind the call to reindustrialize American industry, this time by building out a $260 million war chest for automated manufacturing startup Hadrian to scale its factory footprint and make even more machine parts. Hadrian’s aim is to modernize American manufacturing by leveraging advance automation to deliver mass-produced parts for aerospace … Read more

Jack Dorsey pumps $10 million into a nonprofit focused on open-source social media

Twitter co-founder and Block CEO Jack Dorsey isn’t just vibe-coding new social apps, like Bitchat and Sun Day, he has invested $10 million in an effort to fund experimental open source projects and other tools that could ultimately transform the social media landscape. These efforts are funneled through an online collective called “and Other Stuff,” … Read more

Chinese authorities are using a new tool to hack seized phones and extract data

Security researchers say Chinese authorities are using a new type of malware to extract data from seized phones, allowing them to obtain text messages — including from chat apps such as Signal — images, location histories, audio recordings, contacts, and more. On Wednesday, mobile cybersecurity company Lookout published a new report — shared exclusively with … Read more