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On Thursday, President Trump asked Republican lawmakers to end tax breaks on carried interest. The tax break allows private equity and venture fund managers to treat their earnings from investments at a lower capital gains rate, rather than as ordinary income. The removal of the tax break would be a big hit to the VC…
Andreessen Horowitz is defending its decision to hire Daniel Penny, according to an investor memo seen by The New York Times. The venture capital firm caused a stir earlier this week after it announced it would hire Penny, who was acquitted last year of choking a homeless man to death in the New York City…
Adam Candeub, a known critic of Big Tech, looks poised to join the Federal Communications Commission (FCC). Candeub will be general counsel of the FCC, reports Semafor, which cites direct confirmation from FCC chairman Brendan Carr. TechCrunch has reached out to the FCC for more information. Candeub has long been a vocal critic of Section…
DeepSeek, the Chinese AI company, is raising the ire of regulators around the world. DeepSeek’s viral AI models and chatbot apps have been banned by a growing number of countries and government bodies, which have expressed concerns over DeepSeek’s ethics, privacy, and security practices. Corporations have banned DeepSeek, too — by the hundreds. The biggest…
Doug Ford, the premier of Ontario, one of Canada’s most populous provinces, announced on X that the province’s government would be “ripping up” its $100 million contract with Elon Musk’s Starlink satellite internet service. The news comes soon after President Donald Trump announced this weekend a 25% tariff on nearly all Canadian imported goods, causing…
As of Sunday in the European Union, the bloc’s regulators can ban the use of AI systems they deem to pose “unacceptable risk” or harm. February 2 is the first compliance deadline for the EU’s AI Act, the comprehensive AI regulatory framework that the European Parliament finally approved last March after years of development. The…
India has eased restrictions on its Aadhaar authentication service, a digital identity verification framework linked to the biometrics of over 1.4 billion people, to let businesses including those offering services such as e-commerce, travel, hospitality, and healthcare use the verification system to authenticate their customers. The update has raised privacy concerns as New Delhi has…
A senior U.S. lawmaker says representatives of Elon Musk were granted “full access” to a U.S. Treasury payments system used to disperse trillions of dollars to Americans each year, and warned that Musk’s access to the system poses a “national security risk.” Sen. Ron Wyden, a Democratic senator from Oregon and ranking member of the…
People working for, or with, Elon Musk are reportedly taking over the inner workings of multiple government agencies, including the Office of Personnel Management, the Treasury Department, and the General Services Administration. The Washington Post reported Friday that the highest-ranking career official at Treasury is leaving the department after “a clash” with people working for…
DeepSeek’s terms of service explicitly states it stores user data on Chinese servers and that it governs that data under Chinese law — which mandates cooperation with the country’s intelligence agencies. But that didn’t stop U.S. Department of Defense workers from getting caught up in the DeepSeek hype this week and connecting their work computers…