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CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal

Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Thursday issued a finalized version […]

European tech funding declines for third consecutive year — but the sector is finally stabilizing

On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images Venture capital investment in European technology startups is projected to decline for a third straight year, according […]

DC houses many industries — and a ton of tech jobs

There’s no shortage of technology and innovation in and around the nation’s capital.  The DC metro region, home to more than 6 million people, is a hub for several sectors — cyber and IT dominate in the district, biotechnology and quantum are popular in the Maryland suburbs, and defense technology and data infrastructure influence the […]

Silicon Valley venture firm launches ‘Rising America’ fund to back diverse founders

In the face of ongoing legal and political threats toward programs addressing inequality, a global VC firm opened a new fund to support underresourced entrepreneurs — and chose DC as the place to do so.  Portfolia, a San Mateo, California-headquartered firm, on Tuesday launched its 14th fund that specifically caters to founders investors typically overlook, […]

‘Many dark times’: How this startup founder overcame self-doubt and started a $100-million-a-year business

Jeffrey Tiong, founder and CEO of PatSnap. Courtesy of Jeffrey Tiong. Many entrepreneurs will say that building a successful startup is costly — both financially and emotionally. Just ask Jeffrey Tiong. The 40-year-old is the founder and CEO of intellectual property and research and development startup Patsnap, a Singapore-based unicorn company that has surpassed an […]

Silicon Valley is officially grieving over Trump but quietly gleeful over a coming tech deal resurgence

Kamala Harris had friends in high-tech places, but it wasn’t nearly enough to secure the presidency. Silicon Valley’s progressive leaders, like Reid Hoffman, Laurene Powell, and Vinod Khosla, raised millions for the Harris campaign, hoping for a Democrat in the White House for the next term. In the aftermath of Donald Trump’s clear win, some of tech’s […]