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Saronic raises $600 million for its autonomous ship factory, Port Alpha, and plans to start operations within five years.
The EU's Digital Services Act (DSA) regulation has failed to deliver quick results on algorithmic risks, with concerns about bias in mainstream social media remaining unresolved. Let’s dive deeper…
In today's ContentBuffer update:
Saronic raises $600 million for Port Alpha, an autonomous ship factory.
EU's DSA Regulation Fails to Deliver Quick Results on Algorithmic Risks
Swizzle Ventures closes fund i with focus on women's health and wealth
Chan Zuckerberg Initiative ends diversity efforts
Mollitiam Industries removes fake accounts network
Future Family's IVF insurance product offers financial protection
5 new AI tools & 5 new AI jobs
More tech news
Latest Development
Shipbuilding Technology
Image source: TechCrunch
Summary: Saronic raises $600 million to build an autonomous ship factory called 'Port Alpha', which will start operations within five years. The factory will build large unmanned ships and bolster U.S. shipbuilding capacity.
Key Points:
Saronic has already developed three models of autonomous surface vessels (ASVs) that are up to 24 feet long.
The factory, called 'Port Alpha', will start operations within five years.
Saronic plans to build large unmanned ships and bolster U.S. shipbuilding capacity compared to China.
Why it matters: This investment shows the growth potential of defense tech startups in Silicon Valley, driven by similar monster rounds.
Tech-regulation
Image source: TechCrunch
Summary: The EU's DSA regulation has failed to deliver quick results on algorithmic risks, with concerns about bias in mainstream social media remaining unresolved. The lack of better access to platform data hinders public interest researchers' ability to determine whether there is baked-in bias in mainstream social media platforms. The Commission has open investigations into all three social media firms implicated by the Global Witness research.
Key Points:
The EU's DSA regulation aims to enable vetted researchers to gain access to non-public platform data
The lack of better access to platform data hinders public interest researchers' ability to determine whether there is baked-in bias in mainstream social media platforms
The Commission has open investigations into all three social media firms implicated by the Global Witness research
Why it matters: The EU's DSA regulation aims to address concerns about algorithmic bias in mainstream social media, but its failure to deliver quick results highlights the need for better access to platform data and more comprehensive reporting.
Feminist Venture Capital
Image source: TechCrunch
Summary: swizzle ventures has closed its inaugural fund at $6.6 million, exceeding its initial target of $3 million. the firm focuses on women's health and wealth, addressing issues like caregiving and finances. it will invest in companies ranging from pre-seed to seed level.
Key Points:
swizzle ventures' first fund has already backed 11 companies and aims to invest in 30 total from fund i.
the firm's founder, jessica kamada, has a background in marketing and startup advising.
Why it matters: this news is significant as it highlights the growing importance of women-led venture capital firms addressing issues like caregiving and finances in the context of the crisis in caregiving and the historic wealth transfer.
Philanthropy News
Image source: TechCrunch
Summary: The Chan Zuckerberg Initiative has ended its internal DEI programs, canceled grants for 'biology and AI', and discontinued the Science Diversity Leadership Awards and Diverse Slate Practice. This move marks a significant change in the organization's approach to diversity and inclusion.
Key Points:
CZI will no longer provide grants for racial equity and immigration reforms
The organization has ended its internal DEI programs
Grants for 'biology and AI' will replace social advocacy funding
Why it matters: This change in approach may have significant implications for the organization's values and commitment to diversity, equity, and inclusion.
Cybersecurity
Image source: TechCrunch
Summary: Mollitiam Industries, a Spanish spyware company, removed a network of fake accounts on Facebook and Instagram. The company's customers used these fake accounts for testing malicious capabilities and scraping public information.
Key Points:
The company's customers used the fake accounts to test their own malicious capabilities among their own accounts and scrape public information.
Mollitiam Industries also engaged in phishing and social engineering targeted at people in Spain, Colombia, and Peru.
The company's activities were tracked by Amnesty International.
Why it matters: This removal highlights the importance of monitoring and tracking the activities of spyware companies to ensure public safety and security.
Healthcare Technology
Image source: TechCrunch
Summary: Future Family's new IVF insurance product, Orange Shield, offers a money-back guarantee to couples undergoing IVF treatment. The product is designed to provide financial protection and reduce the emotional burden of IVF treatment. Couples can pay for the insurance upfront or through monthly installments.
Key Points:
The average cost of protection is $3,000 down and $999/month for five months.
If treatment doesn't succeed after two rounds, families can get a refund under their IVF insurance policy.
Orange Shield covers all IVF-related expenses up to the selected coverage limit, with a maximum of $50,000.
Why it matters: This new product offers financial protection and reduces the emotional burden of IVF treatment for couples.
New Tools & Job
AI Writer 💻 - Generate top-notch content with AI-powered writing assistance.
NBA Stats 🏀 - Analyze NBA statistics using advanced artificial intelligence tools.
Etsy AI 🛍️ - Use AI to generate titles, descriptions, and tags for Etsy listings efficiently.
PDF Assistant 📄 - Simplify document workflow with AI-powered chat, extraction, and summary tools.
AI Empower 💪 - Empower your work with AI-driven tools for improved productivity and efficiency.
Hygraph - Backend Engineer (f/m/d) - Remote EMEA
Float - Senior Back-End Engineer
Filestage - Revenue Data Engineer
Volatus Health - Senior Backend Engineer
Semaphore - Senior Software Engineer
QUICK HITS
🚀 Karman+, a startup, aims to extract resources from asteroids with its $10 million spacecraft, but faces significant challenges. .
🤖 OpenAI has launched its latest reasoning model, O3 Mini, which can reason and generate text. .
💼 Google's new Career Dreamer tool helps people find patterns between their experiences and interests to connect them with suitable careers. .
💻 Google moves Gemini AI assistant to standalone app for iOS devices. .
💡 ElectronX's blockchain-based exchange aims to reduce volatility risks in renewable energy trading. .
THAT’S A WRAP
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