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Quick thinking and a stroke of luck averted a moon lander disaster for Intuitive Machines

Intuitive Machines’ spacecraft touched down yesterday on the lunar surface . . . sideways. CEO Steve Altemus confirmed during a press conference Friday that, while it wasn’t a perfect landing, it’s nothing short of a miracle the spacecraft landed intact at all. Using a small model of the lander, Altemus demonstrated how engineers believe the spacecraft, called Odysseus, made its … Read more

As Techstars retools, some former staffers say it lost focus on what made it successful

Well-known accelerator group Techstars announced a slew of changes to its operations this week, including the shuttering of some of its city-based programs.  Criticism from former members of its decisions lit social media channels who argued that the famed startup accelerator has lost focus on the very thing that historically made it so successful. © … Read more

Techstars CEO defends changes, says physical presence in a city is not necessary for investment

Earlier this week, accelerator group Techstars announced changes to its operations. But what was planned internally to be an exciting new chapter for the organization ended up being somewhat of a PR nightmare.  Techstars found itself facing criticism for some of its decisions and execution after announcing it would shut down its Boulder and Seattle … Read more

‘Embarrassing and wrong’: Google admits it lost control of image-generating AI

Google has apologized (or come very close to apologizing) for another embarrassing AI blunder this week, an image-generating model that injected diversity into pictures with a farcical disregard for historical context. While the underlying issue is perfectly understandable, Google blames the model for “becoming” oversensitive. But the model didn’t make itself, guys. The AI system … Read more

A bumpy road for EV manufacturers

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Rivian launched with a promise to revolutionize the way we think about trucks and SUVs but has now hit a bit of a speed bump. In … Read more

Reddit cites r/WallStreetBets as a risk factor in its IPO filing

As Reddit finally files to go public, the company wrote in its S-1 filing that “meme stock” schemes on r/WallStreetBets could pose a risk to investors. The subreddit r/WallStreetBets, a community of retail traders with 15 million members, describes itself as being “like 4chan found a Bloomberg Terminal.” It’s most well known for coordinating a … Read more

Spyware leak offers ‘first-of-its-kind’ look inside Chinese government hacking efforts

Over the weekend, someone posted a cache of files and documents apparently stolen from the Chinese government hacking contractor, I-Soon. This leak gives cybersecurity researchers and rival governments an unprecedented chance to look behind the curtain of Chinese government hacking operations facilitated by private contractors. Like the hack-and-leak operation that targeted the Italian spyware maker … Read more

Winning wireless with American strengths

Eric Schmidt Contributor Eric Schmidt was the CEO of Google from 2001 to 2011 and executive chairman of Google and its successor company, Alphabet, from 2011 to 2017. America’s infrastructure needs a serious upgrade. That includes the nation’s digital infrastructure — the critical networks underpinning commerce, defense, transport, and public safety.  It sustains innovation power … Read more

Byju’s founder removed by investors in EGM vote

A group of Byju’s investors on Friday voted to remove the edtech group’s founder and chief executive Byju Raveendran and separately filed an oppression and management suit against the leadership at the firm to block the recently launched rights issue in a surreal moment for the startup, once the most valuable in India. At an … Read more