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Porsche just took a 10% stake in electric hypercar maker Rimac

Porsche AG is taking a 10% stake in Rimac Automobili, the Croatian hypercar and electric vehicle components company behind the world‘s fastest electric car. This isn‘t just a big-storied-automaker-takes-an-interest-in-a-startup kind of story. Rimac has street cred and not just because of its latest electric hypercar, the C Two, which debuted at the Geneva Motor Show []

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Korean crypto exchange Bithumb says it lost over 30M following a hack

Just weeks after Korean crypto exchange Coinrail lost 40 million through an alleged hack, another in the crypto-mad country Bithumb has claimed hackers made off with over 30 million in cryptocurrency. Coinrail may be one of Korea‘s smaller exchanges, but Bithumb is far larger. The exchange is one of the world‘s top ten []

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Instagram‘s ‘IGTV‘ video hub for creators launches tomorrow

TechCrunch has learned that the Instagram longer-form video hubthat‘s launching tomorrow is called IGTV and it will be part of the Explore tab, according to multiple sources. Instagram has spent the week meeting with online content creators to encourage them to prepare videos closer to 10-minute YouTube vlogs than the 1-minute maximum videos the app []

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Bag Week 2018: Chrome‘s BLCKCHRM Bravo 2.0 backpack is a burly, stylish beast

If you needed to pick a bag to have your back in a street fight, you should probably choose Chrome‘s Bravo 2.0. I tested a version of this pack from the company‘s higher-end BLCKCHRM line. The BLCKCHRM version of the Bravo 2.0replaces the normal pack‘s 1050 denier nylon exterior with a slightly rubbery, Navy-grade material []

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Verizon and others call a conditional halt on sharing location with data brokers

Verizon is cutting off access to its mobile customers‘ real-time locations to two third-party data brokers "to prevent misuse of that information going forward." The company announced the decision in a letter sent to Senator Ron Wyden (D-OR), who along with others helped reveal improper usage and poor security at these location brokers. It is not, however, getting out of the location-sharing business altogether.

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Startup Grind founders raise 6.4M for community event platform Bevy

The founders of entrepreneurial community Startup Grind have a startup of their own - Bevy, which announced today that it has raised 6.4 million in Series A funding. The funding comes from Upfront Ventures, author Steve Blank, Qualtrics founders Ryan Smith and Jared Smith, and Pluralsight CEO Aaron Skonnard. CEO Derek Andersen (who founded and []

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PayPal is shelling out 400 million in cash for this 18-year-old company that helps gig workers get paid

PayPal announced today that it‘s paying 400 million in cash for Hyperwallet, an 18-year-old, Bay Area-based company that helps people and small businesses receive payments for products and services that they sell, including through the vacation rental platform HomeAway and Rodan Fields, the multi-level marketing company that specializes in skincare products and employs an []

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PayPal is shelling our 400 million in cash for this 18-year-old company that helps gig workers get paid

PayPal announced today that it‘s paying 400 million in cash for Hyperwallet, an 18-year-old, Bay Area-based company that helps people and small businesses receive payments for products and services that they sell, including through the vacation rental platform HomeAway and Rodan Fields, the multi-level marketing company that specializes in skincare products and employs an []

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Football matches land on your table thanks to augmented reality

It‘s World Cup season, so that means that even articles about machine learning have to have a football angle. Today‘s concession to the beautiful game is a system that takes 2D videos of matches and recreates them in 3D so you can watch them on your coffee table (assuming you have some kind of augmented reality setup, which you almost certainly don‘t). It‘s not as good as being there, but it might be better than watching i

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VW Group and Ford Motor in early talks to develop commercial vehicles together

German automaker Volkswagen AG and Big Three U.S. automaker Ford Motor are considering teaming up on a range of projects, including jointly developing commercial vehicles, that would help them better compete in a global market that‘s demanding better tech and more efficient, lower emission vehicles. The two companies announced Tuesday they had signed an agreement []

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Bag Week 2018: Chrome‘s Vega Transit Brief makes your work vibe less uncool

You‘re either a Chrome bag person or you‘re not. And if you‘re not a Chrome bag person, it might be time to give the newly Portland-based bag maker another look. I‘ve been a fan of Chrome Industries bags for a long time, but over the years I‘ve only owned two: the discontinued Mini Buran, a []

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Bag Week 2018: Chrome‘s Vega Transit Brief makes your work commute a little less uncool

You‘re either a Chrome bag person or you‘re not. And if you‘re not a Chrome bag person, it might be time to give the newly Portland-based bag maker another look. I‘ve been a fan of Chrome Industries bags for a long time, but over the years I‘ve only owned two: the discontinued Mini Buran, a []

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Tech leaders condemn policy leading to family separations at the border

By now you‘ve seen the photos and videos and probably heard the audio tape. The media coming out of the U.S./Mexico border over the past week has been truly heart-wrenching and horrifying, including, most shockingly, images of young children being housed in what amounts to human cages. Many prominent politicians across the world (and in []

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Why startups can‘t afford to ignore customer retention

Venture-backed companies must walk the line between fast growth and efficient growth. Even as VCs value high-quality revenue, companies are still held to a minimum growth rate. To achieve sustainable growth, maximizing customer lifetime value is an important component and one that is often underestimated.

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Keepsafe launches a privacy-focused mobile browser

Keepsafe, the company behind the private photo app of the same name, is expanding its product lineup today with the release of a mobile web browser. Co-founder and CEO Zouhair Belkoura argued that all of Keepsafe‘s products (which also include a VPN app and a private phone number generator) are united not just by a []

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Patriot Boot Camp wants to turn soldiers into entrepreneurs

From the earliest moments of boot camp, budding soldiers learn about entrepreneurship. They learn how to operate in unknown terrain, how to listen to signals, and perhaps most importantly, how to make things happen with extremely limited time and resources. Yet, when soldiers return home following a deployment, the transition to civilian life can be []

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Using tech and 100m, Dr Consulta transforms healthcare for the poorest

Healthcare delivery is an incredibly complex topic, but one that has a simple truth: health security is key to living a good life, and ultimately, for developing a strong economy. Unfortunately, billions worldwide suffer from lack of access to even the most basic of medical diagnostics and treatments, since doctors often aren‘t available and the []

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Pitchbook now offers users suggested companies when they search

This one‘s for all the due diligence fiends and competitive landscape mapping mavens out there. Pitchbook, the data and analytics service for private equity and public markets, is rolling out an automated suggestions feature for premium users when they‘re doing searches on companies for market intelligence. The new service is based on machine learning technology []

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Review: Chrome‘s Vega transit brief makes your work commute a little less uncool

You‘re either a Chrome bag person or you‘re not. And if you‘re not a Chrome bag person, it might be time to give the newly Portland-based bag maker another look. I‘ve been a fan of Chrome Industries bags for a long time, but over the years I‘ve only owned two: the discontinued Mini Buran, a []

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Ford‘s plan to turn Detroit‘s oldest neighborhood into an electric, AV hub

Ford will spend the next four yearstransforming at least 1.2 million square feet of space in Corktown - Detroit‘s oldest neighborhood - into a hub for its electric and autonomous vehicles businesses. But the automaker‘s ultimate aim goes beyond just building a new campus.The goal is to create a mobility corridor, - Ford‘s version of []

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Personal finance startup SmartAsset raises 28M

I first wrote about SmartAsset nearly six years ago, when it launched its first product, a tool allowing prospective homebuyers to analyze the rent vs. buy decision and to see what kind of home they could actually afford. According to co-founder and CEO Michael Carvin, On the consumer side, our strategy has never really changed. []

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Anchor brings podcast creation and editing to the iPad

Following its relaunch earlier this year as a podcast creation platform, Anchor today is bringing its suite of mobile podcasting tools to the iPad. Like its iPhone counterpart, the iPad version of Anchor lets you record, edit, then distribute your podcast anywhere, including iTunes and Google Play Music. The new app is also customized for []

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Feds crack down on Tesla Autopilot safety cheat device

The federal government is stepping in to end the use of an aftermarket product designed to let Tesla owners skirt a safety feature from the electric automaker‘s semi-autonomous Autopilot system. The U.S. Department of Transportation‘s National Highway Traffic Safety Administration issued a cease and desist letter Tuesday toa California company known asDolder, Falco and Reese []

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CityMapper, the urban transportation app, is integrating with bike-sharing company Mobike

Hot on the heels of getting acquired for 2.7 billion by on-demand services startup Meituan-Dianpingen route to its own 60 billion IPO, Chinese bike-sharing startup Mobike is ramping up its international push as companies like Uber, Lyft and other standalone bike-on-demand startups take their own expansion strategies up a gear. The company will this week []

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