Apple becomes debt collector in new developer agreement
Apple on Wednesday announced an updated developer license agreement that gives the company permission to recoup unpaid funds, such as fees and other fees, by deducting them from in-app purchases it processes on behalf of developers. This change affects developers in regions where local law allows linking to external payment systems. In such cases, developers […]
These startups are building innovations that make life (and death) better
Founders Gabriel Sanchez (Enspectra Health) and Tom Harries (Earth Funeral) discuss what it takes to build in a highly regulated industry where “moving fast and breaking things” doesn’t cut it. This episode of Build Mode reveals the reality of navigating the FDA approval process, state-by-state regulations, and cultural taboos while building a product that is […]
Instacart pays $60 million in settlement with FTC for defrauding consumers
Instacart will pay $60 million in restitution to resolve Federal Trade Commission allegations that it deceived consumers with false advertising. Federal authorities alleged that Instacart used illegal tactics to deceive consumers into paying higher fees while refusing to refund them. The Federal Trade Commission (FTC) said Instacart’s “free shipping” claim is misleading because customers still […]
ChatGPT launches app store and lets developers know the app store is open for business
App developers who want to launch programs on ChatGPT can now submit their programs for review and possible publication, OpenAI announced Wednesday. The company has also introduced a new app directory within Chat’s tools menu, soon to be called the “App Store.” In October, the company announced the arrival of an app for chatbots, which […]
Why are British politicians flocking to big American tech companies?
The war for AI talent shows no signs of slowing down, with companies making headlines every week with their latest high-profile hires. This includes the engineers they are poaching from each other and acquiring, but also senior management who can support them as they scale further. Less than 10 days after Slack CEO Dennis Dresser […]
ChatGPT’s mobile app hits new milestone of $3 billion in consumer spending
As of this week, ChatGPT has reached a new milestone of $3 billion in global consumer spending on mobile, according to estimates from app intelligence provider Appfigures. This figure represents total spending on iOS and Android devices since the app was first released in May 2023, and then only on iOS. Image credit: Appfigures Notably, […]
Trump Media to merge with fusion power company TAE Technologies in deal worth more than $6 billion
Trump Media & Technology Group (TMTG), President Donald Trump’s social media company, announced Thursday that it will merge with TAE Technologies, a Southern California-based company that has been chasing the dream of fusion power for nearly 30 years. The all-stock deal, valued at more than $6 billion, expands Trump Media’s presence into the nascent fusion […]
UK NHS technology provider confirms data breach
DXS International, a UK-based company that provides healthcare technology to the UK National Health Service (NHS), disclosed the cyberattack in a statement on Thursday. In a filing to the London Stock Exchange, the company said it had experienced a “security incident impacting its office servers” that was discovered on December 14. The company said it […]
Rivian rolls out new “universal hands-free” driving feature
Rivian’s new second-generation R1 EV receives an update today that introduces new “universal hands-free” driving software. This was announced by the company last week at its first Autonomy & AI Day. The company says this new feature allows drivers to take their hands off the wheel on more than 3.5 million miles of roadways in […]
Vibe coding startup Lovable raises $330 million at $6.6 billion valuation
Swedish vibecoding startup Lovable has more than tripled its valuation in just five months. Stockholm-based Lovable announced Thursday that it has raised $330 million in a Series B funding round led by CapitalG and Menlo Ventures at a valuation of $6.6 billion. Khosla Ventures, Salesforce Ventures, and Databricks Ventures also participated, as well as other […]