X faces additional $1.9M fine to end ban in Brazil

X faces additional .9M fine to end ban in Brazil

X (formerly Twitter) could soon resume service in Brazil — if it’s willing to pay an additional fine. Reuters and other publications have reported on an order from the country’s Supreme Court Judge Alexandre de Moraes stating that the Elon Musk-owned social network could “immediately return to its activities in national territory” if it pays … Read more

Meta rethinks smart glasses with Orion

Meta rethinks smart glasses with Orion

Meta Connect 2024 was this week, showcasing new hardware and software to support two of the company’s big ambitions: AI and the metaverse. CEO Mark Zuckerberg announced new Quest headsets, updates to Meta’s Llama AI model, and real-time video capabilities of Ray-Ban Meta smart glasses. The biggest reveal, though, was Orion, a true AR glasses … Read more

Meta offers a glimpse through its supposed iPhone killer: Orion

Meta offers a glimpse through its supposed iPhone killer: Orion

For years, Silicon Valley and Wall Street have questioned Mark Zuckerberg’s decision to invest tens of billions of dollars into Reality Labs. This week, Meta’s wearables division unveiled a prototype of its Orion smart glasses, a form factor the company believes one day could replace the iPhone. That idea sounds crazy… but maybe a little … Read more

VCs expect a surge in startups offering lower rate mortgages, other loans now that the Feds cut rates

VCs expect a surge in startups offering lower rate mortgages, other loans now that the Feds cut rates

When the U.S. Feds cut interest rates by half a percentage point last week, it was a dash of good news for venture capitalists backing one particularly beleaguered class of startups: fintechs, especially those that rely on loans for cash flow to operate their businesses.  These companies include corporate credit card providers like Ramp or … Read more

Why Index Ventures is bulking up its investment team in NYC

Why Index Ventures is bulking up its investment team in NYC

While online discourse would make it seem that venture has retreated to the Bay Area, with San Francisco being the most important place to build a startup, Index Ventures is looking to bulk up its New York-based investing team. The firm is currently looking to hire another New York-based investor with plans to add three … Read more