Morning must-reads Synctera cuts staff: Banking-as-a-service startup Synctera has cut staff, reportedly bringing its total personnel to under 100. TechCrunchâs Mary Ann Azevedo writes that the companyâs service connects fintech companies and sponsor banks. Thatâs no small task, but in a fintech market replete with more limited capital inflows, seeing some financial technology companies tighten their belts is not a shock. Read More Meta snooped usersâ Snapchat traffic: Back in 2016, Facebook worked to âintercept and decrypt the network traffic between people using Snapchatâs app and its serversâ to better figure out how to compete with the smaller social network. Sure, thatâs a long time ago, but itâs also a reminder that Meta didnât reach its present perch by playing kindly in its core market of social networking. Read More Rabbit teams up with ElevenLabs: The Rabbit R1 hardware device that took the internet by storm earlier this year and is expected to start shipping next month is teaming up with ElevenLabs for voice command support on its handset. Read More Wastewater sludge could be gold: Thatâs the pitch that Wase is making to companies that produce wastewater, such as breweries and food-processing plants. Using electro-active microbes, the startupâs tech can harvest methane from organic waste to make power from a smaller unit that can also yank more methane from inputs. Read More Databricks spent $10 million on its new AI model: Called DBRX, the new generative AI model competes with the GPT line from OpenAI and Googleâs own Gemini models. Given the open source roots of Databricks, itâs no surprise that the model is âon GitHub and the AI dev platform Hugging Face for research as well as for commercial use,â Kyle reports. Read More Vibrant Planet wants to use AI to help fight fires: Thereâs lots of talk about how AI will replace white-collar workers or make the creative process a bit more open than it has historically been. Then there are the startups that want to use AI for something more physical, like Vibrant Planet. Sure, it’s a software company that digitizes land mapping and uses AI so that its customers can better manage land in their care and prepare for âclimate incidents like wildfires,â but you have to admit that itâs a very cool pitch. Read More |