TechCrunch Top 3

Hackers are sending extortion emails to executives after claiming Oracle apps' data breach: Google says hackers associated with the Clop ransomware gang are emailing executives at multiple organizations claiming to have stolen their personal information from a suite of Oracle E-Business apps. Read More

OpenAI is the world's most valuable private company after private stock sale: OpenAI employees sold $6.6B in shares, leading company's valuation to jump to $500B. Read More

Apple shelves Vision Pro overhaul to focus on AI glasses: Bloomberg reports that the tech giant is developing at least two types of smart glasses. Read More

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Morning Must-Reads

Tesla has its best sales quarter ever as EV tax credit expires: The tax credit's expiration on September 30 motivated buyers to take advantage of the $7,500 incentive, giving Tesla a shot to return to sales growth in 2025. Read More

Spacecoin beams blockchain transaction through space in bid for decentralized internet: Spacecoin envisions a decentralized rival to SpaceX's Starlink. Read More

OpenAI staff grapples with the company's social media push: Current and former OpenAI researchers seem torn over how the company's Sora app fits in with its broader mission. Read More

Perplexity acquires the team behind Sequioa-backed AI design startup Visual Electric: Perplexity has acquired Visual Electric, an AI Design tool. Its team is going to lead a new agents experience group at Perplexity Read More

Oneleet raises $33M to shake up the world of security compliance: Founder Bryan Onel says too many companies are doing the bare minimum to meet their security compliance obligations, and raised $33 million to help his customers get both compliant and secure. Read More

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Last but Not Least

Instagram head says company is not using your microphone to listen to you (with AI data, it won't need to): The idea that Meta would secretly turn on the microphones on users' phones to record their conversations is an age-old conspiracy theory -- and one that the company has disputed before. Read More