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Elon Musk announced that xAI has acquired X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion. Meanwhile, Block is laying off 931 employees as part of a restructuring, and 23andMe has filed for bankruptcy, with co-founder Anne Wojcicki planning to bid for the company. Additionally, a leaked database reveals China's advanced AI censorship capabilities, and Rivian's skunkworks project has spun out as a new company called Also, securing $105 million in funding.
TechCrunch celebrates its 20th anniversary in 2025 with an ambitious events calendar, featuring the flagship Disrupt conference from October 27-29 in San Francisco, showcasing industry leaders and innovators. Other key events include TechCrunch Sessions: AI on June 5 in Berkeley, focusing on actionable insights in AI, and TC All Stage on July 15 in Boston, catering to founders at all growth phases. Additionally, the StrictlyVC event series will host intimate gatherings for candid discussions among top industry players throughout the year.
Silicon Valley's elite are increasingly obsessed with achieving immortality, employing radical biohacking methods to extend their lives. This trend is exemplified by figures like Bryan Johnson, who promotes extreme health practices and community-focused initiatives like "Don't Die" dinners. The conversation explores the implications of these pursuits for society at large.
23andMe reported a revenue decline to $44.1 million for the fiscal second quarter, down from $50 million last year, alongside a net loss of $59.1 million. The company plans to cut 40% of its workforce, discontinue its therapeutics business, and is exploring strategic options to maximize value. CEO Anne Wojcicki aims to refocus on the core consumer business while considering taking the company private.
23andMe faces potential bankruptcy, raising concerns over the fate of customer DNA data, particularly for Swiss users, where genetic data is generally well protected. Despite claims of data security, the company’s policies allow for data sale during acquisitions, and past breaches have compromised sensitive information. With a significant drop in value and management turmoil, the future of 23andMe and its handling of genetic data remains uncertain.
23andMe has appointed three new independent directors—Andre Fernandez, Jim Frankola, and Mark Jensen—following the abrupt resignation of all seven previous directors due to disagreements over the company's strategic direction. The new board members will serve on the audit and compensation committees, with Jensen as the lead independent director. The company has faced challenges since going public in 2021, including a significant drop in stock value, prompting discussions about taking the company private.
23andMe, once valued at $6 billion, has seen its worth plummet by 98% and is at risk of being delisted from Nasdaq after the resignation of all independent board members. The company, which aimed to innovate genetic testing and drug discovery, reported a $312 million net loss in 2023, compounded by privacy concerns following a data breach affecting nearly 7 million customers. CEO Anne Wojcicki's proposal to take the company private was rejected, and with a looming deadline to maintain its share price above $1, 23andMe faces significant challenges ahead.
Anne Wojcicki
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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