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Iceland-based Treble raises $18 million for its voice simulation platform
Treble's voice simulation platform is used by voice AI model developers, AI wearable, and robotics companies
Anthropic Merges Claude Cowork and Chat Into One Experience, Bringing Research, Files to Every Chat
Anthropic is merging its Claude Cowork and Chat experiences into a single conversation, the company announced on Wednesday. The move eliminates the need for users to choose between Chat and Cowork before starting a task. Instead, the AI chatbot can automatically detect the tools it requires to carry out the designated task based on the request. Anthropic said the unif...
iOS 27 Update for iPhone Adds Impersonation Risk Detection Feature to Protect You Against Scams
Scams involving fake banks, government agencies, delivery services, and even people users know have become increasingly common in recent years. Apple aims to address this with a new security feature in iOS 27. The latest update for iPhone brings Impersonation Risk Detection. The Cupertino-based tech giant says it can identify signs that a user may be in the middle of ...
Your startup’s next teammate might be an AI agent: Gusto, Insight Partners, and Leland explain what that changes at TechCrunch Disrupt 2026
This session will explore how early-stage companies are building teams where humans and AI agents work alongside each other — and how founders can do that without sacrificing speed, accountability, or culture. Learn more at TechCrunch Disrupt 2026. Register before September 25 to save up to $200.
Hang Seng Index retreats in face of rate hike
Shares edged up in Asia on Thursday as investors bet the US Federal Reserve is finally getting the jump on inflation, delivering its first rate hike in more than three years and calming a global bond selloff that had sent long-term yields soaring. In Hong Kong, the benchmark Hang Seng Index opened down 233 points, or 0.94 percent, at 24,480. The tech index fell 44 points, or 1.03 percent, to 4,281 while the China Enterprises Index slipped 79 points, or 0.97 percent, down to 8,127. Up north, the Shanghai Composite Index opened down 14 points, or 0.38 percent, at 3,877. The Shenzhen Component Index was 44 points, or 0.33 percent, lower at 13,409 while the ChiNext Index edged down 14 points, or 0.43 percent, to 3,297. In Tokyo, the Nikkei jumped 720 points, or 1.13 percent, up to 64,643 before giving back most of its gains to be just 64 points higher at one stage before noon. In Seoul, the Kospi, like the Nikkei, was just two points up at one stage before lunch after having opened 61 points, or 0.91 percent, higher at 6,779. The regional market openings came as the US dollar hit a seven-week high against its major peers, underpinned by a jump in short-term Treasury yields as markets ramped up wagers that the Fed may have to lift rates again, with a move by December fully priced in. That proved a headwind for commodities, with oil prices giving back ground. The focus now shifts to the Bank of England, which is widely expected to leave interest rates steady later in the day, but all eyes will be on any hint about if high energy prices could force it to hike in November. The Bank of Japan, by contrast, is all but certain to lift interest rates on Friday. As widely expected, the Fed raised interest rates by a quarter point overnight, but the unanimous decision tilted to the hawkish side, with the board signalling one more rate hike this year. Goldman Sachs now expects the Fed to hike rates again in October. "We think October is the most likely time for the next move because it is most natural to deliver hikes that the Fed's open market committee presented today as supporting 'a timelier return' to the 2 percent target at consecutive meetings," said Goldman analysts in a note. "Additional hikes are possible but not our base case." Commodity markets took a hit. Brent crude futures slipped 0.7 percent to US$105.05 a barrel after falling 2.7 percent overnight as Saudi Arabia was reportedly offering crude cargoes through Oman, easing some concerns about Middle East supply disruption. (Reuters & Xinhua) Edited by Aaron Tam
Snap tries to make the case again for its $2,200 smart glasses
Since Specs' debut earlier this year, Snap has clearly been looking for an opportunity to explain why the smart glasses deserve to exist.
Musk’s long-time backer is giving SpaceX stock to its investors
Valor Equity Partners is handing out stock to its LPs instead of cash returns.
Al Gore says the real AI risk isn’t data centers
In an interview with TechCrunch, Al Gore suggested he isn't losing sleep over AI data center emissions — he's more worried about the AI industry's own warnings about where the technology is headed.
US stocks fall after Fed hikes key interest rate
Wall Street stocks fell while the US dollar advanced on Wednesday after the Federal Reserve lifted interest rates for the first time since 2023. A rate increase had been widely anticipated, but markets judged the central bank's overall message as more hawkish than expected after a majority of Fed policymakers pencilled in at least one more rate hike before the end of 2026. All three major US stock indices finished lower, with the broad-based S&P 500 down 0.5 percent. The US dollar advanced against the euro and other major currencies, while increases in US Treasury yields indicated that the market believes from Fed Chair Kevin Warsh's commentary that "the inflation fight isn't a one-and-done rate-hike kind of thing," said Briefing.com. "The remarks have reinforced the view that today's rate hike may not be an isolated move, with investors focused on the possibility that persistent inflation pressures could require additional tightening in the months ahead." The US central bank's Federal Open Market Committee voted unanimously to raise rates to between 3.75 and 4.00 percent, citing "elevated" inflation and adding that the rate hike would support a "timelier return" to its two-percent target for the metric. Before the Fed's announcement, the three major US stock indexes had been gaining ground, with a chips rebound, giving the tech-heavy Nasdaq the edge. Earlier in the session, robust retail sales data suggested consumers were still spending, despite an affordability squeeze due to rising prices, particularly at the gasoline pump. The war in the Middle East expanded as Saudi warplanes pounded Yemen while Iran-backed Houthi fighters launched drones and missiles at Saudi cities in a signal of Iran's extended reach in the widening conflict. Even so, oil prices dipped after reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about supply disruptions. Front-month WTI settled down 3.2 percent and Brent crude settled down 2.7 percent. The Dow Jones Industrial Average fell 631 points, or 1.2 percent, to 51,461, the S&P 500 lost 33 points, or 0.4 percent, to 7,552 and the Nasdaq Composite lost 3 points, or 0.01 percent, to 25,978. Tech shares were the biggest gainer among the 11 major sectors of the S&P 500, while energy, weighed down by easing crude prices, suffered the largest percentage drop, falling 3.0 percent. Chevron and Exxon Mobil fell 2.9 percent and 3.5 percent, respectively, while Devon Energy and ConocoPhillips lost more than 5 percent each. Tech got a lift as semiconductor shares advanced 0.6 percent in their first decisive gain since a joint call from AI executives seeking a slower rate at which capabilities are advanced and industry-wide safety coordination. Intel jumped 4 percent after a report said South Korea's SK Hynix was in talks with the company about memory chip manufacturing in the United States. US-listed shares of SK Hynix rose 0.6 percent. IBM fell 4.4 percent after the company said Anderon, its chip unit, has signed a funding agreement with the US government. (Agencies) Edited by Cecil Wong
US Fed raises rates by 0.25pc to battle inflation
The US Federal Reserve on Wednesday raised interest rates for the first time since 2023, defying US President Donald Trump's demand for cuts, as central bank chief Kevin Warsh stressed the need to combat inflation that has been "too high" for "too long." The Fed's Federal Open Market Committee voted unanimously to raise rates by 25 basis points to between 3.75 and 4.00 percent. Warsh, appointed by Trump, said the decision was a "serious" one, but needed to be taken. "The plain fact is that inflation is too high, and has been for too long," he told a press conference. Wednesday's rate hike may not be the last – the vast majority of Fed policymakers indicated that at least one more rate hike was likely necessary before the end of the year, according to their Summary of Economic Projections. US households and businesses have been battered by years of higher-than-target inflation, and prices have surged in the wake of Trump's war on Iran, his signature tariff policies and the ongoing AI boom. Trump reacted angrily to the decision, renewing his call for the Fed to lower interest rates "AND FAST" in a social media post. The US president has launched an unprecedented assault on the Fed's independence since taking office, attempting to fire a Fed Governor and launching a criminal probe against Warsh's predecessor in his quest for lower rates to spur economic activity. But asked by reporters on Wednesday whether he had still confidence in Warsh, Trump answered, “Yeah I do.” "I ... talked to Kevin," Trump added. "And I said you might as well vote with the board because it's not going to matter. The board is very hostile. They're very political. They're doing the wrong thing." Trump's Republican Party faces a stern test in upcoming midterm elections, with rival Democrats seeking to wrest control of both houses of Congress and economic issues front-and-centre for voters. The Fed has held rates steady since January, choosing to wait to gauge the effects of the Iran war's energy price shocks and to let the impact of tariffs on prices ripple through the economy. Since July, however, a growing faction of policymakers had indicated a rate hike may be required to tame inflation, as the war grinds on and prices remained elevated. On Friday, August's consumer price index came in at 3.4 percent – unchanged from the month before, but still well above the Fed's long-term two-percent target. Diane Swonk, chief economist at KPMG, said inflation had "forced the Fed's hand." "Price pressures remain too elevated and too persistent for policymakers to look through, while the economy and labour market have held up well enough to absorb tighter policy," she said. In its SEP, the Fed raised its forecast for its preferred gauge of inflation – the Personal Consumption Expenditures (PCE) price index – by 0.1 percentage points to 3.7 percent by year-end. The Fed also raised its projection for GDP growth by year-end to 2.3 percent, up 0.1 percentage points. Warsh reiterated his belief in the "resilience" of the US economy, citing its strength as being a marker of its ability to absorb tighter fiscal conditions. US stock markets largely priced in Wednesday's rate hike, but they were still down on the news – expected with any rate hike as equities become less attractive. Yields on 10-year US Treasury bonds – which have surged in recent days as uncertainty on long-term inflation has spiked – were also up past the five-percent threshold, a sign that uncertainty remains a factor. The Fed has a dual mandate to deliver maximum employment while keeping inflation to its long-term two-percent target. It mainly achieves these goals by setting the key US interest rate – lower rates tend to spur economic activity but fuel inflation, and hiking them cools both activity and prices. (Agencies) Edited by Cecil Wong
US automakers could soon be forced to include AM radio for free
The House of Representatives, in rare bipartisan support, overwhelmingly approved legislation that would require new vehicles to include AM radio.
Noise wants to help everyday people become paid content creators
Marketing platform Noise is on a mission to help anyone with a smart phone make money from their content.
Here are five key takeaways from Wednesday's Fed rate hike
The Fed on Wednesday delivered a much-expected interest rate hike.
Pulley, a Carta rival, is shutting down
Cap table management platform Pulley, backed by General Catalyst, Stripe, and Founders Fund, announced that it's closing shop in December.
What to know about the Fed’s decision.
Fed approves interest rate hike, signals one more to come this year
The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.
Anthropic and OpenAI want to embed safety evaluators. Will they really be independent?
Anthropic and OpenAI want to embed independent safety evaluators inside their AI labs. Researchers welcome the unprecedented access, but warn meaningful oversight requires transparency, independence, and eventually regulation.
After accusations of selling ‘perv glasses,’ Meta prepares to sell a pair without a camera
Can Meta dodge the "pervert glasses" accusations with a new camera-free product?
Microscopic Videos That Show the Invisible Wonders Around Us
The winners of this year’s Nikon Small World in Motion competition showcase the wiggly, feathery, undulating beauty of invisible life.
X will now let US users trade via Cashtags
The move closes the gap between the market discussions taking place on the timeline, and the market itself.
Rising Seas Are Gobbling Up Beaches Around the World. A.I. Might Restore Them.
An experiment with roots at M.I.T. used A.I. and satellite images to grow a coastline in the Maldives. More projects are planned for Boston and Miami.
Automattic’s interim CEO and legal chief signed reciprocal severance deals during Mullenweg’s brief ouster
CFO Mark Davies and legal chief Andy Missan signed each other’s severance agreements while Matt Mullenweg was on leave, providing a year of salary and additional equity vesting if their departures qualify for the benefits.
These Mice Have Partly Human Brains
The animals may help reveal the causes of brain disease in people and point the way to treatments. But researchers already are calling for new ethical guidelines.
Fed Signals Another Rate Increase Could Be Coming
Here’s how to read the Federal Reserve’s economic projections like a pro.
Former Waymo CFO jumps to self-driving startup Wayve
Elisa de Martel, who left her position as chief financial officer at Alphabet's autonomous vehicle company Waymo in January, will be based out of Silicon Valley.
How the Fed’s Interest Rate Increase Affects Your Finances
The Federal Reserve increased its key rate by a quarter of a percentage point, but mortgages and other consumer loans have already trended higher.
Hear why Science Corp CEO Max Hodak says the screen era is ending at TechCrunch Disrupt 2026
At this year's Disrupt, Science Corp CEO Max Hodak will present a vision for screen-free interfaces that can even offer medical help. Register before September 25 to save up to $200 on your pass.
AI labs want in-house auditors — but maybe they should shut the front door first
There may be a simpler and more effective fix for rogue agents, hiding in plain sight.
Here is what changed in the new Fed statement under Warsh
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in July.
Hackers publish thousands of drivers’ data after breaching Florida motor vehicle database
The ShinyHunters gang leaked the files online after saying the Florida state agency did not pay their ransom demand.
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