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The Boring Co. tops 30,000 hats sold

The Boring Co. tops 30,000 hats sold That didn’t toque too long! The Boring Company has now sold 30,000 hats to fund its hole-some mission, founder Elon Musk tweeted today. That’s double the sales Musk announced just three weeks ago. Production will be capped at 50,000 hats, so if the current momentum doesn’t fez out, trilby all gone soon. Over 30,000 hats sold! — Elon Musk (@elonmusk) December 11, 2017 The Boring Company’s Initial Hat Offering launched on Oct. 18. The black baseball caps cost $20 and all cash raised…

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Syte.ai’s new API makes visual search accessible to more online fashion retailers

Syte.ai’s new API makes visual search accessible to more online fashion retailers Earlier this year, Syte.ai, which develops visual search technology for fashion brands, raised $8 million from investors including top Asian tech firms NHN, Line Corp. and Naver. Now it’s unveiling a new API that makes adding visual search accessible to more e-commerce sites. Called Visual Search for All, the white-label feature can be integrated into retail websites or apps within 24 hours and lets shoppers upload photos saved on their phones, like screenshots from Instagram, to find similar…

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Patreon’s new service fee spurs concern that creators will lose patrons

Patreon’s new service fee spurs concern that creators will lose patrons Patreon announced a new service fee policy that it says will help creators keep more money, but many are worried because they believe it will instead discourage their patrons from pledging. The crowdfunding platform for artists currently takes a fee of 5% (creators also pay fees charged by payment processors like Stripe or PayPal) from each pledge. That changes on December 18, when patrons will start paying 2.9% plus 35 cents for each individual pledge, according to Patreon’s product…

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Spotify’s Wrapped feature is now live to break down your 2017 listening habits

Spotify’s Wrapped feature is now live to break down your 2017 listening habits Spotify’s annual Wrapped feature is now up to give users insights into what they streamed over the past twelve months. While obviously a promotion for the music service, Wrapped is a quick and amusing diversion from an increasingly hellish news cycle. Spotify acknowledges the fact that 2017 has been an ordeal for lots of people on Wrapped’s landing page, which says “in a year that many wanted to tune out, music gave us a reason to keep…

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Steve Case’s $150M Rise of the Rest seed fund launches with an impressive roster of investors

Steve Case’s 0M Rise of the Rest seed fund launches with an impressive roster of investors A long list of prominent American businesspeople have joined AOL co-founder Steve Case’s new Rise of the Rest seed fund for startups in the Midwest and other areas that are often overlooked by investors. Case told the New York Times that the fund has secured $150 million from backers including Amazon founder Jeff Bezos and Eric Schmidt, the chairman of Alphabet. As The New York Times puts it, the complete list of investors in…

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Two Democratic senators donate funds from Shervin Pishevar to charities for women

Two Democratic senators donate funds from Shervin Pishevar to charities for women Two Senate Democrats will donate funds they received from Shervin Pishevar to charitable organizations after the venture capitalist was accused of sexual harassment and assault by multiple women. According to Bloomberg, which first reported on the allegations against Pishevar last week, U.S. Senators Kamala Harris of California and Cory Booker of New Jersey will give the money to advocacy groups, including organizations that support victims of sexual assault and domestic violence. Pishevar is known for his Democratic fundraising in…

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WeWork reportedly plans to buy Meetup

WeWork reportedly plans to buy Meetup Co-working space giant WeWork will acquire Meetup, according to Crunchbase News. The report says Meetup chief executive officer and co-founder Scott Heiferman shared the news with employees at a company-wide meeting on Monday. WeWork declined to comment on the report. TechCrunch has also contacted Meetup. Reportedly now valued at $20 billion, WeWork raised a massive $4.4 billion round from SoftBank Group and SoftBank Vision Fund this summer. The funding is fueling a shopping spree: over the past six months, WeWork has acquired Fieldlens, a…

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Flitto’s language data helps machine translation systems get more accurate

Flitto’s language data helps machine translation systems get more accurate Simon Lee, founder and CEO of Flitto Artificial intelligence-powered translation is becoming an increasingly crowded category, with Google, Microsoft, Amazon and Facebook all working on their own services. But tech still isn’t a match for professional human translations and machine-generated results are often hit-and-miss. One online translation service, Flitto, is now focused on providing other companies with the language data they need to train their machine translation programs. Headquartered in Seoul, Flitto launched in 2012 as a translation crowdsourcing platform….

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Meredith to buy Time with help from the Koch brothers, but says they won’t have any influence

Meredith to buy Time with help from the Koch brothers, but says they won’t have any influence It’s official—Meredith Corporation will buy Time Inc. in an all-cash transaction valued at $2.8 billion. Meredith said today it agreed to pay $18.50 per share for all outstanding shares of Time Inc. As reported earlier this month by the New York Times, the deal, which is slated to close in the first quarter of next year, includes equity financing from the billionaire Koch brothers, who are known for supporting conservative policy. Meredith said…

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Indian home healthcare platform Portea Medical raises $26M Series C

Indian home healthcare platform Portea Medical raises M Series C Portea Medical founder and CEO Meena Ganesh Portea Medical, one of India’s biggest platforms for home healthcare visits, has raised $26 million in Series C funding to expand its service range. The round was led by Sabre Partners and MEMG CDC, with participation from returning investors Accel (which led Portea’s Series B two years ago), the World Bank Group’s International Finance Corporation and Qualcomm Ventures. Portea has now raised a total of about $72.5 million. In a press statement, Sabre…

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