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Cape Town-based Stitch, which enables businesses to build, optimize, and scale financial products using its APIs, raised a $25M Series A extension led by Ribbit (Tage Kene-Okafor/TechCrunch)

Tage Kene-Okafor / TechCrunch: Cape Town-based Stitch, which enables businesses to build, optimize, and scale financial products using its APIs, raised a $25M Series A extension led by Ribbit  —  Open banking, in which traditional banks release their data via application programming interfaces (APIs) …

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Femtosecond Laser Clones Itself In Glass

When researchers at the Galatea laboratory in Switzerland set out to create a femtosecond in glass they weren’t certain it was going to work. To be precise, their goal was to create a femtosecond laser cavity using carefully aligned optics. Rather than using the traditional, discrete method, they used a commercial femtosecond laser to carve

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Email: Chainalysis lays off ~150 employees, or 15%+ of its workforce, and plans to focus on government contracts; the company cut staff by ~5% in February 2023 (Steven Ehrlich/Forbes)

Steven Ehrlich / Forbes: Email: Chainalysis lays off ~150 employees, or 15%+ of its workforce, and plans to focus on government contracts; the company cut staff by ~5% in February 2023  —  Chainalysis is laying off approximately 150 employees, or slightly more than 15% of its staff of 900, CEO Michael Gronager told employees …

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TikTok confirms the company is running a limited-scale test of an ad-free subscription plan, but only says the market is not the US and does not share the price (Todd Spangler/Variety)

Todd Spangler / Variety: TikTok confirms the company is running a limited-scale test of an ad-free subscription plan, but only says the market is not the US and does not share the price  —  TikTok is exploring a new way to make money: The popular video app has kicked off a limited-scale test of a

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Source: Instagram seeks to revive interest in Threads by getting creators to post more, making Threads a place for real-time updates about big events, and more (Sylvia Varnham O’Regan/The Information)

Sylvia Varnham O’Regan / The Information: Source: Instagram seeks to revive interest in Threads by getting creators to post more, making Threads a place for real-time updates about big events, and more  —  Three months ago, Threads, Meta Platforms’ answer to Twitter, was the hottest social media app around.  In just days, 100 million people

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Source: Instagram seeks to revive interest in Threads by getting creators to post more, making Threads a place for real-time updates about big events, and more (Sylvia Varnham O’Regan/The Information)

Sylvia Varnham O’Regan / The Information: Source: Instagram seeks to revive interest in Threads by getting creators to post more, making Threads a place for real-time updates about big events, and more  —  Three months ago, Threads, Meta Platforms’ answer to Twitter, was the hottest social media app around.  In just days, 100 million people

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Sources: ByteDance offers to buy back staff shares at a $223.5B valuation, down nearly 26% YoY, and made $20B+ in 2022 operating profit as revenue growth slowed (Wall Street Journal)

Wall Street Journal: Sources: ByteDance offers to buy back staff shares at a $223.5B valuation, down nearly 26% YoY, and made $20B+ in 2022 operating profit as revenue growth slowed  —  Social-media company reported an operating profit of more than $20 billion as its valuation fell by about 26%

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Filing: Virginia-based cybersecurity company IronNet, which was founded in 2014 by a former NSA director and raised $400M+, has shut down and laid off its staff (Zack Whittaker/TechCrunch)

Zack Whittaker / TechCrunch: Filing: Virginia-based cybersecurity company IronNet, which was founded in 2014 by a former NSA director and raised $400M+, has shut down and laid off its staff  —  IronNet, a once-promising cybersecurity startup founded by a former NSA director and funded by cyber and defense investors …

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Sources: at Foxconn’s Sriperumbudur factory, key to Apple’s pivot to India, issues persist, like disciplinary wage docking and poorer conditions for contractors (Billy Perrigo/TIME)

Billy Perrigo / TIME: Sources: at Foxconn’s Sriperumbudur factory, key to Apple’s pivot to India, issues persist, like disciplinary wage docking and poorer conditions for contractors  —  Set back from a dusty highway in South India, three newly completed factory buildings rise up behind a black spiked iron fence.

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ModuCoil – A Modular Coil for Motor and Generator Projects

While renewable energy offers many opportunities for decentralizing energy production, it can sometimes feel that doing so on a truly local level remains unachievable with increasingly large utility-scale deployments re-centralizing the technology. [AdamEnt] hopes to help others seize the means of energy production with the development of the ModuCoil. This modular coil is intended to

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Amazon Bedrock generative AI service reaches GA

Amazon Bedrock, a serverless managed service that provides foundation models for building generative AI applications, is now generally available from Amazon Web Services. Availability was announced September 28, following the service being unveiled in a private preview in April. Bedrock was also updated in July with new models and tools. To read this article in

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Documents and sources undermine Flexport founder Ryan Petersen’s claims that CEO Dave Clark overspent, overhired, and overpromised before being forced to resign (CNBC)

CNBC: Documents and sources undermine Flexport founder Ryan Petersen’s claims that CEO Dave Clark overspent, overhired, and overpromised before being forced to resign  —  – Immediately following Dave Clark’s abrupt ouster as CEO of Flexport, founder Ryan Petersen said the company was hiring too aggressively and needed to rein in spending.

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