Startup

Balaji Srinivasan, the founder of Network School and former chief technology officer of Coinbase, is seeking a formal agreement with Malaysia after authorities investigated his tech community in Johor over allegations of hosting Israeli citizens.

Citadel Securities, a leading global market maker, has invested $400 million in cryptocurrency exchange Crypto.com, valuing the company at $20 billion.

Lululemon has invested in the $30 million Series A round of Syntetica, a French startup that developed a novel approach to recycling nylon.

The broader crypto market has been mixed, with Bitcoin trading near $64,600, down 0.3% on the day but up 4.2% weekly.

Thinking Machines, the AI startup founded by former OpenAI CTO Mira Murati, today released its first major language model, Inkling, under an Apache 2.0 open-source license.