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Senator warns of national security risks after Elon Musk’s DOGE granted ‘full access’ to sensitive Treasury systems

Senator warns of national security risks after Elon Musk’s DOGE granted ‘full access’ to sensitive Treasury systems

A senior U.S. lawmaker says representatives of Elon Musk were granted “full access” to a U.S. Treasury payments system used to disperse trillions of dollars to Americans each year, and warned that Musk’s access to the system poses a “national security risk.” Sen. Ron Wyden, a Democratic senator from Oregon and ranking member of the…

AI agents could birth the first one-person unicorn — but at what societal cost?

AI agents could birth the first one-person unicorn — but at what societal cost?

Thanks to the advent of cloud computing and distributed digital infrastructure, the one-person micro-enterprise is far from a novel concept. Cheap on-demand compute, remote collaboration, payment processing APIs, social media, and e-commerce marketplaces have all made it easier to “go it alone” as an entrepreneur. But what about scaling that one-person business into something meatier…

Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say

Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say

When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1…

AI startup Perplexity sued for alleged trademark infringement

AI startup Perplexity sued for alleged trademark infringement

Perplexity, the venture-backed startup building AI-powered search products, has been sued in federal court for allegedly violating another company’s trademark. In a complaint filed Thursday in the U.S. District Court for the Northern District of California, attorneys representing a company called Perplexity Solved Solutions accuse Perplexity of infringing on its trademark rights by using the…

Custom feed builder Graze is building a business on Bluesky, and investors are paying attention

Custom feed builder Graze is building a business on Bluesky, and investors are paying attention

A startup called Graze, which lets you build your own feeds for the Bluesky social network, has caught investors’ attention. In addition to offering tools to easily build, customize, publish, and manage Bluesky feeds, Graze will soon allow feed creators to monetize their efforts with advertising, sponsored posts, and subscriptions. In other words, Graze has…