TechCrunch Top 3

Plex urges users to change passwords after data breach: Customers are urged to take action after a database containing scrambled passwords and authentication information was compromised. Read More

Nepal reverses social media ban as protests turn deadly: Nepal has reversed its social media ban following nationwide "Gen Z" protests and public backlash. Read More

OpenAI denies that it's weighing a 'last-ditch' California exit amid regulatory pressure over its restructuring: OpenAI executives are discussing a potential relocation out of California as increasing political resistance threatens the company's efforts to convert from nonprofit to for-profit status, according to The WSJ, but the company says it has no plans to leave. Read More

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Morning Must-Reads

Sam Altman says that bots are making social media feel 'fake' : After watching Reddit's OpenAI and Anthropic communities, Sam Altman thinks social media cannot be trusted. And bots are to blame. Read More

Geothermal is too expensive, but Dig Energy's impossibly small drill rig might fix that: Dig Energy's water-jet drilling right promises to cut drilling costs by up to 80%, helping geothermal heating hit price parity with fossil fuel furnaces. Read More

Blackrock-backed Minute Media acquires Indian AI startup that extracts sports highlights: VideoVerse is an Indian AI startup that lets broadcasters extract highlights and create content from sports footage. Read More

ReOrbit lands record funding to take on Musk's Starlink from Europe: Finnish startup ReOrbit, has raised a record €45 million Series A for the country to offer "sovereign" satellites. Read More

Nuclear startup Deep Fission goes public in a curious SPAC: Deep Fission had been seeking to raise $15 million in a seed round as recently as April. The reverse merger will raise twice that amount. Read More

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Last but Not Least

Snap breaks into 'startup squads' as ad revenue stalls: CEO Evan Spiegel just announced the company is restructuring around small "startup squads" of 10 to 15 people to regain agility against larger competitors. Read More