Tensions between Iran and the United States may be easing as Iranian President Masoud Pezeshkian instructed Foreign Minister Abbas Araghchi to pursue negotiations with the U.S., signaling a potential shift in Tehran's approach, according to Euronews. The move comes after weeks of heightened tensions and threats between the two nations.
Meanwhile, in the tech world, several developments unfolded. Intel CEO Lip-Bu Tan announced at the Cisco AI Summit on Tuesday that the company will begin producing graphics processing units (GPUs), entering a market dominated by Nvidia, TechCrunch reported. Kevork Kechichian, executive vice president and general manager of Intel's data center group, will oversee the project.
In India, climate tech startup Varaha secured $20 million in funding to scale carbon removal projects in the Global South, positioning itself as a lower-cost supplier for verified emissions reductions, according to TechCrunch. The investment is part of a planned $45 million Series B round led by WestBridge Capital, with participation from RTP Global and Omnivore. Founded in 2022, Varaha has raised approximately $33 million in equity to date, alongside $35 million in project financing and $500,000 in grants.
YC startups will now have the option to receive their seed checks via stablecoins, according to Nemil Dalal, a crypto YC partner, as reported by TechCrunch. This change, starting with the upcoming spring batch, applies to the standard YC deal of $500,000 for 7% of the company. Dalal stated that stablecoin transfers are often more effective, especially for founders in emerging markets. YC partnered with Base and Coinbase Ventures last fall to encourage founders to build more blockchain-related companies.
In Minneapolis, the tech community is grappling with the impact of escalated immigration enforcement, TechCrunch reported. Eight Minneapolis-based founders and investors stated they have paused much of their work to focus on community support, volunteering, and providing assistance to those affected. Scott Burns, an investor in the area, told TechCrunch that people are "very fatigued" and are coming together across different backgrounds to offer support.
Discussion
AI Experts & Community
Be the first to comment