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As global regulators increase their scrutiny on Visa and Mastercard over merchant fees, India has chosen a different path: creating rival payment networks that are increasingly sidelining international card networks. The strategy builds on India’s Unified Payments Interface, known as UPI, a nine-year-old system that now processes more than 13 billion real-time transactions monthly, or…
On October 16 and November 20, Elon Musk tweeted videos of himself clearing the highest level of the Diablo IV video game in about 2 minutes. While Diablo IV has been out since mid-2023, the latest “season,” called The Pit, launched on October 7. Many asked: How did he find the time to do it…
On the first night of CES 2025, Kirin Holdings, a Japanese company known for its beer and beverages, showed off its new electronic spoon that makes your food taste saltier. The company says its spoon uses a weak electric current to concentrate sodium ion molecules in your food, adding a stronger umami and salt flavor…
SpaceX is significantly upping the ante of its Starship test flight program, with the next rocket launch expected to demonstrate payload deployment for the first time. The payload in question will be 10 Starlink “simulators” that will be similar in size and weight to the next-gen satellites SpaceX plans to use Starship to deploy in…
The president of Meta’s Global Affairs team, Nick Clegg, is stepping down from his position at the company, the executive announced in a tweet on Thursday. Clegg, Meta’s politically centrist policy chief since 2018, will be replaced by one of the company’s most prominent Republican executives, Joel Kaplan. Clegg noted on X that Kaplan is…
Once a startup has raised its seed round, the perennial question becomes how much should the founders pay themselves and their first few employees? Kruze Consulting, a CPA firm that specializes in venture-backed startups, recently analyzed average salary ranges for over 450 seed-stage startups and shared that data with TechCrunch. The following averages are based…
X is raising prices for its top-tier subscription service by 37.5%, marking the largest price increase since the platform’s acquisition by Elon Musk in 2022. The Premium+ service costs $22 monthly in the U.S., up from $16, effective December 21, according to a company statement. Annual subscription cost has increased to $229 from $168. X…
OpenAI announced a new family of AI reasoning models on Friday, o3, which the startup claims to be more advanced than o1 or anything else it’s released. These improvements appear to have come from scaling test-time compute, something we wrote about last month, but OpenAI also says it used a new safety paradigm to train…
OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in OpenAI, something he’s said many times, claiming he just runs the company because he loves it. However, Altman recently said he actually did have some equity…
The global app economy continued to recover in 2024, after an earlier slowdown in 2022 — at least in terms of consumer spending. In 2024, global consumer spending in mobile apps and games reached $127 billion across the App Store and Google Play, up 15.7% from the prior year. However, those increases were driven by…