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Canoo hit with two supplier lawsuits as last remaining co-founder leaves Sep 30, 2024

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EV startup Canoo has been hit with two new lawsuits from suppliers linked to the drivetrains that power its electric vehicles, just weeks after the company kicked off a major reorganization that included the departure of its chief technology officer

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Meta offers a glimpse through its supposed iPhone killer: Orion Sep 30, 2024

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For years, Silicon Valley and Wall Street have questioned Mark Zuckerberg’s decision to invest tens of billions of dollars into Reality Labs. This week, Meta’s wearables division unveiled a prototype of its Orion smart glasses, a form factor the company believes one day could replace the iPhone.

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As war rages in Ukraine, investment in European defense and dual-use tech skyrockets Sep 27, 2024

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A new Dealroom report shows that VC investment in defense-related tech is outpacing any other type of investment across NATO member states and allies.

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After is a new dating app that tries to tackle ghosting Sep 27, 2024

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A new female-founded dating app called After is launching in Austin, Texas on Thursday with the mission of tackling ghosting and holding people accountable.

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Tomasz Tunguz’s Theory Ventures bets $12M on Initia, the ‘iOS for web3’ Sep 26, 2024

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The promise of blockchain to change the world hasn’t materialized. For the most part, the technology has instead enabled people to speculate on a new asset class. A big hurdle to realizing blockchain’s full potential, web3 proponents argue, is that decentralized services are incredibly hard to build.

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Legal ping-pong in the WordPress world continues as Automattic sends WP Engine a cease-and-desist letter alleging trademark infringement Sep 26, 2024

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The brouhaha in the WordPress community looks likely to escalate into a legal battle around trademarks.

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Rivian reveals first $10M in grants for long-promised Rivian Foundation Sep 25, 2024

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Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, just three years after promising to make the “natural world” a “stakeholder in our success.” The company launched a website for the foundation on Monday that details 41 grantees who will collectively receive just north of $10 million in funding.

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How Big Tech embraced nuclear power Sep 25, 2024

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Companies are eyeing nuclear power as a way to reconcile their breakneck data center growth with their commitments to hit net zero carbon emissions.

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Electric outboard startup Pure Watercraft is selling itself for parts Sep 24, 2024

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A tough market seems to have put an end to Pure's ambitions.

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Ibotta’s CEO explains why startups shouldn’t try to time the IPO market Sep 24, 2024

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The IPO market has not roared back in 2024 as many investors hoped it would — not yet, at least. Elevated interest rates (this week’s 50 bps rate cut notwithstanding) and uncertainty related to the U.S. election have prompted many companies to stay private and wait for better market conditions.

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