TechCrunch Top 3

US banks scramble to assess data theft after hackers breach financial tech firm: U.S. banking giants including JPMorgan Chase, Citi, and Morgan Stanley are working to identify what data was stolen in a recent cyberattack on a New York financial firm. Read More

Facebook takes on Reddit with launch of nicknames for Facebook Groups: Facebook users can protect their privacy in Groups using a new nicknames feature. Read More

Revolut hits $75B valuation in new capital raise: The deal was led by Coatue, Greenoaks, Dragoneer and Fidelity. Investors including Nvidia's NVentures, Andreessen Horowitz, Franklin Templeton, and other backers advised by T. Rowe Price Associates also participated. Read More

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Morning Must-Reads

X's new About This Account feature is going great: A new feature seemingly revealed many right-wing "America First" accounts are actually based outside the United States. But the data seems questionable. Read More

Former MrBeast content strategist is building an AI tool for creator ideation and analytics: Palo is tool for short video creators to gain insights into what is working for them. Read More

Momentic raises $15M to automate software testing: AI testing startup Momentic has raised $15 million in a Series A round led by Standard Capital, with participation from Dropbox Ventures. Existing investors at Y Combinator, FCVC, Transpose Platform and Karman Ventures also participated. Read More

ChatGPT told them they were special — their families say it led to tragedy: A wave of lawsuits against OpenAI detail how ChatGPT used manipulative language to isolate users from loved ones and make itself into their sole confidant. Read More

Trump administration might not fight state AI regulations after all: A Trump administration order targeting state-level AI regulation is reportedly on hold. Read More

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You missed these chats from Disrupt:

Kindred talks home-swapping platform for travelers, Chef Robotics introduces AI into commercial kitchens, and Character.AI addresses chatbot safety with teens.

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Last but Not Least

This startup wants to build a fusion reactor — on a boat: Startups are still racing to build the world's first commercial fusion power plant on land, but Maritime Fusion thinks the path will be easier out at sea. Read More