Rivian's new 'treehouse' rooftop tent comes with a movie projector

Rivian has a little cinematic surprise tucked in its new “treehouse” rooftop tent, one of the many accessories the automaker plans to sell alongside its next-generation R2 SUV and future R3 EVs.

The treehouse, as Rivian has branded it, is different from the white-labeled Yakima tent designed for its flagship R1T truck.

This new treehouse product is contained in a hardshell, which then opens up into a large rooftop tent. Opposite the opening is a large window, where the roll-down screen is located, Gase said. The projector can be connected to a power source from the vehicle, he added. The treehouse also comes with an interior fan and lighting.

Gase said the treehouse design will largely remain the same once it goes on sale. Right now, he said, the focus is about keeping the quality high without making it too expensive.

The treehouse-that-turns-into-a-movie-theater is just one of several adventure-minded accessories revealed Thursday alongside Rivian’s next-generation of smaller more affordable EVs. Rivian plans to sell a cargo box that mounts to a hitch on the back of the vehicle and that can be paired with a new travel kitchen. The kitchen includes a water tank, cooler and cookware set.

On Thursday, Rivian revealed the R2, a five-seat, all-electric midsized SUV that will have more than 300 miles of range and a base price of $45,000. In a surprise twist, Scaringe also unveiled the smaller R3 and the R3x performance, a compact hatchback-style EV with sporty vibes. Rivian hasn’t given a production timeline for the R3 vehicles.

The R2, which will now be made at the company’s Normal, Illinois factory, is expected to go into production in the first half of 2024. The company said it will save about $2.25 billion by moving production of the R2 from its planned Georgia factory to its existing factory in Normal.

The company, which had raised a total of $95 million, developed a teleoperation platform that allowed a remote driver, sometimes located thousands of miles away, to operate a vehicle if needed. The company attracted a mix of backers, including angel investors and early-stage VCs such as Bessemer Venture Partners and Maniv Mobility, private equity firm InfraBridge and strategic investors such as ArcBest and ConGlobal. The startup’s last raise was $25 million<\/a> in 2023.<\/p>\n The startup had come close to securing another round of funding, but it fell through unexpectedly, according to a source who spoke on condition of anonymity. At its height, the startup employed about 120 people. Phantom Auto, which had cut staff last year, employed a little more than 100 people as of this week. It was based in South San Francisco.<\/p>\n Phantom Auto’s demise is the latest in a long line of startups that popped up as the autonomous vehicle technology industry gained attention and investment from investors. That buzz, which led to billion-dollar acquisitions and valuations in the industry, faded as optimistic timelines to deploy robotaxis and self-driving vehicles slipped. A wave of consolidation, shutdowns and pivots followed. The difficult fundraising environment in the past 18 months caused another wave of closures.<\/p>\n Phantom Auto founder and CEO Shai Magzimof posted<\/a> Tuesday on LinkedIn that the company was ceasing operations.<\/p>\n “After seven years of efforts to reshape the future of physical labor at Phantom Auto, we’ve made the tough decision to close operations. there are various factors contributing to this, including market conditions and insufficient funding,” he wrote. “I express gratitude to our employees, investors, customers, partners, and all who’ve joined us on this journey. these times are challenging, but my primary concern is our team. We possess exceptional talent now seeking opportunities in the job market. I’m committed to providing references for our employees. personally, I’ll be taking a pause to unwind and think about the next steps.”<\/p>\n Sources told TechCrunch that the company had traction on the customer deployment side. However, it was still reliant on external funding to keep operations going and eventually to scale.<\/p><\/div>\n Phantom Auto was founded in 2017 and initially focused on applying its teleops technology to autonomous vehicles on public roadways such as robotaxis and self-driving trucks. The company’s executive team soon realized that even with its technology, large-scale commercial deployments of driverless vehicles on public roads was decades away.<\/p>\n Phantom Auto pivoted in 2019<\/a> and started shopping its remote driving system to logistics, specifically forklifts and yard trucks that have no autonomy as well as autonomous sidewalk delivery robots<\/a>. All of these vehicles operate at low speed and, with the exception of delivery bots, are in confined environments. The company had customer agreements with Maersk, CJ Logistics, ArcBest and autonomous sidewalk bot startup Serve Robotics.<\/p>\n","protected":false},"excerpt":{"rendered":" Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned. The company, which had raised a total of $95 million, developed a teleoperation platform that allowed a remote driver, sometimes located thousands of miles away, […]<\/p>\n","protected":false},"author":133574188,"featured_media":1814320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"7cae1c4f-5cd0-3172-b4c3-dbf1ab02bcaa","footnotes":"","apple_news_api_created_at":"2024-03-12T18:08:42Z","apple_news_api_id":"1684d9f4-123e-4783-8935-047560c81c2c","apple_news_api_modified_at":"2024-03-12T18:47:23Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AFoTZ9BI-R4OJNQR1YMgcLA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[22376,26402,576605835,228697],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRemote driving startup Phantom Auto is shutting down | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

The startup had come close to securing another round of funding, but it fell through unexpectedly, according to a source who spoke on condition of anonymity. At its height, the startup employed about 120 people. Phantom Auto, which had cut staff last year, employed a little more than 100 people as of this week. It was based in South San Francisco.<\/p>\n

Phantom Auto’s demise is the latest in a long line of startups that popped up as the autonomous vehicle technology industry gained attention and investment from investors. That buzz, which led to billion-dollar acquisitions and valuations in the industry, faded as optimistic timelines to deploy robotaxis and self-driving vehicles slipped. A wave of consolidation, shutdowns and pivots followed. The difficult fundraising environment in the past 18 months caused another wave of closures.<\/p>\n

Phantom Auto founder and CEO Shai Magzimof posted<\/a> Tuesday on LinkedIn that the company was ceasing operations.<\/p>\n “After seven years of efforts to reshape the future of physical labor at Phantom Auto, we’ve made the tough decision to close operations. there are various factors contributing to this, including market conditions and insufficient funding,” he wrote. “I express gratitude to our employees, investors, customers, partners, and all who’ve joined us on this journey. these times are challenging, but my primary concern is our team. We possess exceptional talent now seeking opportunities in the job market. I’m committed to providing references for our employees. personally, I’ll be taking a pause to unwind and think about the next steps.”<\/p>\n Sources told TechCrunch that the company had traction on the customer deployment side. However, it was still reliant on external funding to keep operations going and eventually to scale.<\/p><\/div>\n Phantom Auto was founded in 2017 and initially focused on applying its teleops technology to autonomous vehicles on public roadways such as robotaxis and self-driving trucks. The company’s executive team soon realized that even with its technology, large-scale commercial deployments of driverless vehicles on public roads was decades away.<\/p>\n Phantom Auto pivoted in 2019<\/a> and started shopping its remote driving system to logistics, specifically forklifts and yard trucks that have no autonomy as well as autonomous sidewalk delivery robots<\/a>. All of these vehicles operate at low speed and, with the exception of delivery bots, are in confined environments. The company had customer agreements with Maersk, CJ Logistics, ArcBest and autonomous sidewalk bot startup Serve Robotics.<\/p>\n","protected":false},"excerpt":{"rendered":" Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned. The company, which had raised a total of $95 million, developed a teleoperation platform that allowed a remote driver, sometimes located thousands of miles away, […]<\/p>\n","protected":false},"author":133574188,"featured_media":1814320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"7cae1c4f-5cd0-3172-b4c3-dbf1ab02bcaa","footnotes":"","apple_news_api_created_at":"2024-03-12T18:08:42Z","apple_news_api_id":"1684d9f4-123e-4783-8935-047560c81c2c","apple_news_api_modified_at":"2024-03-12T18:47:23Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AFoTZ9BI-R4OJNQR1YMgcLA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[22376,26402,576605835,228697],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRemote driving startup Phantom Auto is shutting down | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

“After seven years of efforts to reshape the future of physical labor at Phantom Auto, we’ve made the tough decision to close operations. there are various factors contributing to this, including market conditions and insufficient funding,” he wrote. “I express gratitude to our employees, investors, customers, partners, and all who’ve joined us on this journey. these times are challenging, but my primary concern is our team. We possess exceptional talent now seeking opportunities in the job market. I’m committed to providing references for our employees. personally, I’ll be taking a pause to unwind and think about the next steps.”<\/p>\n

Sources told TechCrunch that the company had traction on the customer deployment side. However, it was still reliant on external funding to keep operations going and eventually to scale.<\/p><\/div>\n Phantom Auto was founded in 2017 and initially focused on applying its teleops technology to autonomous vehicles on public roadways such as robotaxis and self-driving trucks. The company’s executive team soon realized that even with its technology, large-scale commercial deployments of driverless vehicles on public roads was decades away.<\/p>\n Phantom Auto pivoted in 2019<\/a> and started shopping its remote driving system to logistics, specifically forklifts and yard trucks that have no autonomy as well as autonomous sidewalk delivery robots<\/a>. All of these vehicles operate at low speed and, with the exception of delivery bots, are in confined environments. The company had customer agreements with Maersk, CJ Logistics, ArcBest and autonomous sidewalk bot startup Serve Robotics.<\/p>\n","protected":false},"excerpt":{"rendered":" Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned. The company, which had raised a total of $95 million, developed a teleoperation platform that allowed a remote driver, sometimes located thousands of miles away, […]<\/p>\n","protected":false},"author":133574188,"featured_media":1814320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"7cae1c4f-5cd0-3172-b4c3-dbf1ab02bcaa","footnotes":"","apple_news_api_created_at":"2024-03-12T18:08:42Z","apple_news_api_id":"1684d9f4-123e-4783-8935-047560c81c2c","apple_news_api_modified_at":"2024-03-12T18:47:23Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AFoTZ9BI-R4OJNQR1YMgcLA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[22376,26402,576605835,228697],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRemote driving startup Phantom Auto is shutting down | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Phantom Auto was founded in 2017 and initially focused on applying its teleops technology to autonomous vehicles on public roadways such as robotaxis and self-driving trucks. The company’s executive team soon realized that even with its technology, large-scale commercial deployments of driverless vehicles on public roads was decades away.<\/p>\n

Phantom Auto pivoted in 2019<\/a> and started shopping its remote driving system to logistics, specifically forklifts and yard trucks that have no autonomy as well as autonomous sidewalk delivery robots<\/a>. All of these vehicles operate at low speed and, with the exception of delivery bots, are in confined environments. The company had customer agreements with Maersk, CJ Logistics, ArcBest and autonomous sidewalk bot startup Serve Robotics.<\/p>\n","protected":false},"excerpt":{"rendered":" Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned. The company, which had raised a total of $95 million, developed a teleoperation platform that allowed a remote driver, sometimes located thousands of miles away, […]<\/p>\n","protected":false},"author":133574188,"featured_media":1814320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"7cae1c4f-5cd0-3172-b4c3-dbf1ab02bcaa","footnotes":"","apple_news_api_created_at":"2024-03-12T18:08:42Z","apple_news_api_id":"1684d9f4-123e-4783-8935-047560c81c2c","apple_news_api_modified_at":"2024-03-12T18:47:23Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AFoTZ9BI-R4OJNQR1YMgcLA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[22376,26402,576605835,228697],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRemote driving startup Phantom Auto is shutting down | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned. The company, which had raised a total of $95 million, developed a teleoperation platform that allowed a remote driver, sometimes located thousands of miles away, […]<\/p>\n","protected":false},"author":133574188,"featured_media":1814320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"7cae1c4f-5cd0-3172-b4c3-dbf1ab02bcaa","footnotes":"","apple_news_api_created_at":"2024-03-12T18:08:42Z","apple_news_api_id":"1684d9f4-123e-4783-8935-047560c81c2c","apple_news_api_modified_at":"2024-03-12T18:47:23Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AFoTZ9BI-R4OJNQR1YMgcLA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[22376,26402,576605835,228697],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRemote driving startup Phantom Auto is shutting down | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

A remote operator uses Phantom Auto’s teleoperation platform.<\/p>\n"},"alt_text":"","media_type":"image","mime_type":"image\/jpeg","media_details":{"width":3970,"height":2830,"file":"2019\/04\/Phantom-Remote-Operator_12April2019.jpg","sizes":{"thumbnail":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=150,107","width":150,"height":107,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=150"},"medium":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=300,214","width":300,"height":214,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=300"},"medium_large":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=768,547","width":768,"height":547,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=1024"},"large":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=680,485","width":680,"height":485,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=680"},"1536x1536":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=1536,1095","width":1536,"height":1095,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=1536"},"2048x2048":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=2048,1460","width":2048,"height":1460,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=2048"},"tc-social-image":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=1200,855","width":1200,"height":855,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=1200"},"guest-author-32":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=32,32","width":32,"height":32,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=50,50","width":50,"height":50,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=64,64","width":64,"height":64,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=96,96","width":96,"height":96,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=128,128","width":128,"height":128,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"Phantom-Remote-Operator_12April2019.jpg?resize=50,36","width":50,"height":36,"filesize":11865220,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg?w=50"},"full":{"file":"Phantom-Remote-Operator_12April2019.jpg","width":1024,"height":730,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"1554951129","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]},"filesize":11865220},"source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2019\/04\/Phantom-Remote-Operator_12April2019.jpg","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media\/1814320"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media"}],"about":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/types\/attachment"}],"replies":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/comments?post=1814320"}],"author":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/133574188"}]}}],"wp:term":[[{"id":2401,"description":"Transportation news includes all the present and future ways people and packages get from Point A to Point B. Coverage includes scooters and e-bikes to autonomous vehicles, EVs, transit, and evTOLs. We cover auto tech players big and small, from Tesla, GM, Uber, and Lyft, to small startups entering the automotive tech space.","link":"https:\/\/techcrunch.com\/category\/transportation\/","name":"Transportation","slug":"transportation","taxonomy":"category","parent":0,"yoast_head":"\nTransportation & Auto News | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n

As Kwan first explained, modern capitalism only worked because we compelled people to work, rather than forced them to do so.<\/p>\n

“We had to change the story we told ourselves and say that ‘your value is your job,” he told the audience. “You are only worth what you can do, and we are no longer beings with an inherent worth. And this is why it’s so hard to find fulfillment in this current system. The system works best when you’re not fulfilled,” he said, then paused. “Which brings me back to AI,” Kwan continued to a thunder of applause and cheers.<\/p>\n

Remarking that the crowd must love AI, given the hoots and hollering that was being heard, Kwan admitted that many people will call the technology amazing and he agreed.<\/p>\n

“It’s magic,” he said. “It’s probably going to solve cancer. It’s probably going to give us a lot of climate solutions. This is a powerful thing,” Kwan continued. “But I’m really terrified of what this new story we’re going to have to tell ourselves in order to accept this new convenience, this new progress. It’s terrifying,” he added as a single solitary voice cheered in the now otherwise quiet crowd.<\/p>\n

“So imagine what this technology will do within this current system, within this current incentive structure. This is the same system that brought us climate change, income inequality, and the general lack of gratitude and understanding of our worth and the worth of those around us,” Kwan said.<\/p>\n

Plus, he noted, if you are feeling anxious about AI, it’s probably because, deep down, you know you’re next. “Even if the jobs aren’t going to be lost, the value of the job will go down, right? \u2026 It will slowly be compounded and normalized until we don’t even realize it,” he said.<\/p><\/div>\n Kwan pointed to how social media had already altered our story. A technology meant to connect us ended up making us lonelier than we have ever been. But, with AI, we still have the opportunity to “rewrite the stories and rewrite the systems for tomorrow,” he explained.<\/p>\n Still, he cautioned that didn’t mean we could choose to ignore AI’s progress or even its usefulness.<\/p>\n “I also want to say, we’re not saying ‘don’t use AI.’ I don’t believe in dogmas. I don’t believe in that kind of puritanical lifestyle — it doesn’t work. AI is here. It is going to be rapidly deployed in every aspect of our life,” Kwan said.<\/p>\n Scheinert agreed, adding that, instead, people should think about why they’re using AI.<\/p>\n “Are you trying to use it to create the world you want to live in? Are you trying to use it to increase value in your life and focus on the things that you really care about? Or are you just trying to, like, make some money for the billionaires, you know?”\u00a0 Scheinert asked the audience. “And if someone tells you, there’s no side effect. It’s totally great, ‘get on board’ — I just want to go on the record and say that’s terrifying bullshit. That’s not true. And we should be talking really deeply about how to carefully, carefully deploy this stuff,” he said.<\/p>\n The crowd then erupted into sustained applause.<\/p>\n They, too, had their reservations about AI, it seemed.<\/p>\n Kwan jumped back in to add that people need to look at why it “feels so wrong to use AI,” while also surviving this current environment where AI will basically be everywhere. He also reminded the audience why we create art.<\/p>\n “Why did we write ‘Everything Everywhere All at Once’ the way we did? And the answer is, we did it to save ourselves. Every story \u2026 that we make is an act of saving ourselves and our value from a system that wants to devalue us and the people that we care about,” Kwan said.<\/p>\n","protected":false},"excerpt":{"rendered":" A whiff of anti-AI sentiment got big applause at the SXSW conference in Austin on Tuesday afternoon. Award-winning writers and directors Daniel Kwan and Daniel Scheinert, collectively known as “DANIELS,” originally premiered their film “Everything Everywhere All at Once” at SXSW in 2022. The movie later went on to win seven Oscars, including Best Picture, […]<\/p>\n","protected":false},"author":2414667,"featured_media":2678402,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"326a041c-1a9a-3592-9f5a-2759c582611a","footnotes":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[577047203],"tags":[14067,12374,17979,1400,577236413,349],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nAnti-AI sentiment gets big applause at SXSW 2024 as moviemaker dubs AI cheerleading as 'terrifying bullsh**' | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Kwan pointed to how social media had already altered our story. A technology meant to connect us ended up making us lonelier than we have ever been. But, with AI, we still have the opportunity to “rewrite the stories and rewrite the systems for tomorrow,” he explained.<\/p>\n

Still, he cautioned that didn’t mean we could choose to ignore AI’s progress or even its usefulness.<\/p>\n

“I also want to say, we’re not saying ‘don’t use AI.’ I don’t believe in dogmas. I don’t believe in that kind of puritanical lifestyle — it doesn’t work. AI is here. It is going to be rapidly deployed in every aspect of our life,” Kwan said.<\/p>\n

Scheinert agreed, adding that, instead, people should think about why they’re using AI.<\/p>\n

“Are you trying to use it to create the world you want to live in? Are you trying to use it to increase value in your life and focus on the things that you really care about? Or are you just trying to, like, make some money for the billionaires, you know?”\u00a0 Scheinert asked the audience. “And if someone tells you, there’s no side effect. It’s totally great, ‘get on board’ — I just want to go on the record and say that’s terrifying bullshit. That’s not true. And we should be talking really deeply about how to carefully, carefully deploy this stuff,” he said.<\/p>\n

The crowd then erupted into sustained applause.<\/p>\n

They, too, had their reservations about AI, it seemed.<\/p>\n

Kwan jumped back in to add that people need to look at why it “feels so wrong to use AI,” while also surviving this current environment where AI will basically be everywhere. He also reminded the audience why we create art.<\/p>\n

“Why did we write ‘Everything Everywhere All at Once’ the way we did? And the answer is, we did it to save ourselves. Every story \u2026 that we make is an act of saving ourselves and our value from a system that wants to devalue us and the people that we care about,” Kwan said.<\/p>\n","protected":false},"excerpt":{"rendered":"

A whiff of anti-AI sentiment got big applause at the SXSW conference in Austin on Tuesday afternoon. Award-winning writers and directors Daniel Kwan and Daniel Scheinert, collectively known as “DANIELS,” originally premiered their film “Everything Everywhere All at Once” at SXSW in 2022. The movie later went on to win seven Oscars, including Best Picture, […]<\/p>\n","protected":false},"author":2414667,"featured_media":2678402,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"326a041c-1a9a-3592-9f5a-2759c582611a","footnotes":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[577047203],"tags":[14067,12374,17979,1400,577236413,349],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nAnti-AI sentiment gets big applause at SXSW 2024 as moviemaker dubs AI cheerleading as 'terrifying bullsh**' | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.<\/p>","cbAvatar":"https:\/\/techcrunch.com\/wp-content\/uploads\/2021\/01\/lwzxxnshgj71bonwbik3.jpg.jpg","twitter":"sarahpereztc","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/2414667"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users"}]}}],"wp:featuredmedia":[{"id":2678402,"date":"2024-03-12T12:49:42","slug":"screenshot-2024-03-12-at-3-49-22-pm","type":"attachment","link":"https:\/\/techcrunch.com\/2024\/03\/12\/anti-ai-sentiment-gets-big-applause-at-sxsw-2024-as-storytellers-dub-ai-cheerleading-as-terrifying-bullsh\/screenshot-2024-03-12-at-3-49-22-pm\/","title":{"rendered":"Daniels at SXSW 2024"},"author":2414667,"jetpack_sharing_enabled":true,"license":{"person":"SXSW"},"authors":[2414667],"caption":{"rendered":""},"alt_text":"","media_type":"image","mime_type":"image\/jpeg","media_details":{"width":1744,"height":918,"file":"2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg","filesize":209837,"sizes":{"thumbnail":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=150,79","width":150,"height":79,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=150"},"medium":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=300,158","width":300,"height":158,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=300"},"medium_large":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=768,404","width":768,"height":404,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=1024"},"large":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=680,358","width":680,"height":358,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=680"},"1536x1536":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=1536,809","width":1536,"height":809,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=1536"},"tc-social-image":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=1200,632","width":1200,"height":632,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=1200"},"guest-author-32":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=32,32","width":32,"height":32,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=50,50","width":50,"height":50,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=64,64","width":64,"height":64,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=96,96","width":96,"height":96,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=128,128","width":128,"height":128,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?resize=50,26","width":50,"height":26,"filesize":209837,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg?w=50"},"full":{"file":"Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg","width":1024,"height":539,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-12-at-3.49.22\u202fPM.jpg","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media\/2678402"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media"}],"about":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/types\/attachment"}],"replies":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/comments?post=2678402"}],"author":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/2414667"}]}}],"wp:term":[[{"id":577047203,"description":"News coverage on artificial intelligence and machine learning tech, the companies building them, and the ethical issues AI raises today. This encompasses generative AI, including large language models, text-to-image and text-to-video models; speech recognition and generation; and predictive analytics.","link":"https:\/\/techcrunch.com\/category\/artificial-intelligence\/","name":"AI","slug":"artificial-intelligence","taxonomy":"category","parent":0,"yoast_head":"\nAI News & Artificial Intelligence | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n

Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report<\/a>.<\/p>\n This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, Binance\u2019s head of investigations, and Nadeem Anjarwalla, the crypto platform\u2019s regional manager for Africa, the Wired reported<\/a> Tuesday.<\/p>\n Last month, Gambaryan, who was a former crypto-focused U.S. federal agent, and Anjarwalla had their passports confiscated and have been held in confinement at a government facility in Abuja, Nigeria\u2019s capital. Their detainment is part of Nigeria\u2019s broader crackdown on cryptocurrency exchanges, coinciding with questionable efforts by the government to revive the naira, the country\u2019s national currency.<\/p>\n Before their detention, Gambaryan, a U.S. citizen, and Anjarwalla, a dual citizen of the U.K. and Kenya, responded to an invitation from the Nigerian government to discuss Binance operations and the restrictions imposed<\/a> on the cryptocurrency exchange.<\/p>\n\n Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n Nigeria’s central bank had expressed concerns about the loss of tax revenue from unregistered crypto exchanges. Additionally, it accused Binance of operating illegally and facilitating “illicit flows from sources and users who we cannot adequately identify,” amounting to $26 billion. As a result, the detained executives may face charges related to currency manipulation, tax evasion and illegal operations, per a Bloomberg report<\/a>.<\/p>\n However, according to their families, none of the executives have been formally charged with any criminal offenses as of Tuesday. The Financial Times reports that Nigeria\u2019s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.<\/p><\/div>\n In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued<\/a> its naira (NGN) services last week.<\/p>\n Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, Binance\u2019s head of investigations, and Nadeem Anjarwalla, the crypto platform\u2019s regional manager for Africa, the Wired reported<\/a> Tuesday.<\/p>\n Last month, Gambaryan, who was a former crypto-focused U.S. federal agent, and Anjarwalla had their passports confiscated and have been held in confinement at a government facility in Abuja, Nigeria\u2019s capital. Their detainment is part of Nigeria\u2019s broader crackdown on cryptocurrency exchanges, coinciding with questionable efforts by the government to revive the naira, the country\u2019s national currency.<\/p>\n Before their detention, Gambaryan, a U.S. citizen, and Anjarwalla, a dual citizen of the U.K. and Kenya, responded to an invitation from the Nigerian government to discuss Binance operations and the restrictions imposed<\/a> on the cryptocurrency exchange.<\/p>\n\n Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n Nigeria’s central bank had expressed concerns about the loss of tax revenue from unregistered crypto exchanges. Additionally, it accused Binance of operating illegally and facilitating “illicit flows from sources and users who we cannot adequately identify,” amounting to $26 billion. As a result, the detained executives may face charges related to currency manipulation, tax evasion and illegal operations, per a Bloomberg report<\/a>.<\/p>\n However, according to their families, none of the executives have been formally charged with any criminal offenses as of Tuesday. The Financial Times reports that Nigeria\u2019s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.<\/p><\/div>\n In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued<\/a> its naira (NGN) services last week.<\/p>\n Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Last month, Gambaryan, who was a former crypto-focused U.S. federal agent, and Anjarwalla had their passports confiscated and have been held in confinement at a government facility in Abuja, Nigeria\u2019s capital. Their detainment is part of Nigeria\u2019s broader crackdown on cryptocurrency exchanges, coinciding with questionable efforts by the government to revive the naira, the country\u2019s national currency.<\/p>\n

Before their detention, Gambaryan, a U.S. citizen, and Anjarwalla, a dual citizen of the U.K. and Kenya, responded to an invitation from the Nigerian government to discuss Binance operations and the restrictions imposed<\/a> on the cryptocurrency exchange.<\/p>\n\n Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n Nigeria’s central bank had expressed concerns about the loss of tax revenue from unregistered crypto exchanges. Additionally, it accused Binance of operating illegally and facilitating “illicit flows from sources and users who we cannot adequately identify,” amounting to $26 billion. As a result, the detained executives may face charges related to currency manipulation, tax evasion and illegal operations, per a Bloomberg report<\/a>.<\/p>\n However, according to their families, none of the executives have been formally charged with any criminal offenses as of Tuesday. The Financial Times reports that Nigeria\u2019s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.<\/p><\/div>\n In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued<\/a> its naira (NGN) services last week.<\/p>\n Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n Nigeria’s central bank had expressed concerns about the loss of tax revenue from unregistered crypto exchanges. Additionally, it accused Binance of operating illegally and facilitating “illicit flows from sources and users who we cannot adequately identify,” amounting to $26 billion. As a result, the detained executives may face charges related to currency manipulation, tax evasion and illegal operations, per a Bloomberg report<\/a>.<\/p>\n However, according to their families, none of the executives have been formally charged with any criminal offenses as of Tuesday. The Financial Times reports that Nigeria\u2019s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.<\/p><\/div>\n In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued<\/a> its naira (NGN) services last week.<\/p>\n Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

<\/iframe><\/div>\n Nigeria’s central bank had expressed concerns about the loss of tax revenue from unregistered crypto exchanges. Additionally, it accused Binance of operating illegally and facilitating “illicit flows from sources and users who we cannot adequately identify,” amounting to $26 billion. As a result, the detained executives may face charges related to currency manipulation, tax evasion and illegal operations, per a Bloomberg report<\/a>.<\/p>\n However, according to their families, none of the executives have been formally charged with any criminal offenses as of Tuesday. The Financial Times reports that Nigeria\u2019s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.<\/p><\/div>\n In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued<\/a> its naira (NGN) services last week.<\/p>\n Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Nigeria’s central bank had expressed concerns about the loss of tax revenue from unregistered crypto exchanges. Additionally, it accused Binance of operating illegally and facilitating “illicit flows from sources and users who we cannot adequately identify,” amounting to $26 billion. As a result, the detained executives may face charges related to currency manipulation, tax evasion and illegal operations, per a Bloomberg report<\/a>.<\/p>\n However, according to their families, none of the executives have been formally charged with any criminal offenses as of Tuesday. The Financial Times reports that Nigeria\u2019s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.<\/p><\/div>\n In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued<\/a> its naira (NGN) services last week.<\/p>\n Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

However, according to their families, none of the executives have been formally charged with any criminal offenses as of Tuesday. The Financial Times reports that Nigeria\u2019s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.<\/p><\/div>\n In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued<\/a> its naira (NGN) services last week.<\/p>\n Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued<\/a> its naira (NGN) services last week.<\/p>\n Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Nigeria\u2019s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports<\/a> claimed that Nigeria\u2019s parliament threatened to issue a warrant of arrest for the company\u2019s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.<\/p>\n Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.<\/p>\n\n Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Binance to halt naira services amid ongoing regulatory probe in Nigeria<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

<\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]<\/p>\n","protected":false},"author":133574425,"featured_media":2678378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"b36bbd0c-8463-3446-b84c-fe1c5873d37a","footnotes":"","apple_news_api_created_at":"2024-03-12T19:39:22Z","apple_news_api_id":"3e119754-f3a6-481e-bba6-43558b0679fe","apple_news_api_modified_at":"2024-03-12T21:48:54Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/APhGXVPOmSB67pkNViwZ5_g","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[576601119,577065682],"tags":[2214,576603367],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[577037496],"yoast_head":"\nNigeria demands Binance disclose top users, executives remain detained | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

binance<\/p>\n"},"alt_text":"Binance logo on smartphone screen","media_type":"image","mime_type":"image\/jpeg","media_details":{"width":1080,"height":718,"file":"2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg","filesize":55121,"sizes":{"thumbnail":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=150,100","width":150,"height":100,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=150"},"medium":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=300,199","width":300,"height":199,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=300"},"medium_large":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=768,511","width":768,"height":511,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=1024"},"large":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=680,452","width":680,"height":452,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=680"},"guest-author-32":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=32,32","width":32,"height":32,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=32&h=32&crop=1"},"guest-author-50":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=50,50","width":50,"height":50,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=50&h=50&crop=1"},"guest-author-64":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=64,64","width":64,"height":64,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=64&h=64&crop=1"},"guest-author-96":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=96,96","width":96,"height":96,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=96&h=96&crop=1"},"guest-author-128":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=128,128","width":128,"height":128,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?resize=50,33","width":50,"height":33,"filesize":55121,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg?w=50"},"full":{"file":"449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg","width":1024,"height":681,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/449980FB-6D06-4E69-9737-73BE5B865DFC.jpeg","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media\/2678378"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media"}],"about":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/types\/attachment"}],"replies":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/comments?post=2678378"}],"author":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/133574425"}]}}],"wp:term":[[{"id":576601119,"description":"Cryptocurrency coverage and news on major investments, tokens like Bitcoin and Ethereum, as well as blockchain and web3 startups that aim to build a more decentralized, community-owned future.","link":"https:\/\/techcrunch.com\/category\/cryptocurrency\/","name":"Crypto","slug":"cryptocurrency","taxonomy":"category","parent":0,"yoast_head":"\nCrypto News | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n

While I\u2019ve written about a number of these companies over the years, my actual first-hand experience is limited. Naturally, I jumped at the opportunity to take Verve Motion<\/a>\u2019s SafeLift Exosuit for a spin. The form factor most closely resembles a backpack that houses the battery and electronics.<\/p>\n You put it on over your shoulders and then snap yourself in with a pair of chest straps. Next, another pair of soft straps are stretched around your thighs and Velcro-ed in place. It\u2019s a bit awkward, though most use cases don\u2019t involve wearing the system atop business casual dress in the middle of a crowded convention center (I assume). The system weighs 6.5 pounds in total and is designed to accommodate wearers standing 5\u20190\u201d to 6\u20196\u201d. It’s reasonably comfortable.<\/p>\n Image Credits:<\/strong> Verve Motion<\/p><\/div><\/p>\n The Modex demo is a simple one. First you lift a big, orange Pelican-style case weighing 30 pounds. Then you do it again with the assistance cranked up. As someone in the throes of degenerative disc disease, I clearly deserve some kind of journalistic award for this morning\u2019s demo.<\/p>\n The thigh straps are connected to a pair of soft fabric cables that retract into the backpack with a bit of a yank. This assistive tug reduces the strain on your arms. Similarly, the system offers resistance as you bend over, slowing you as you lower down the payload.<\/p>\n Verve Motion sells SafeLift as part of a larger system featuring a wall of lockers\/cubby holes used to store and charge the exosuits. You can also charge the batteries separately and swap them out throughout the day.<\/p>\n When we spoke with<\/a> the Cambridge, Massachusetts startup last year on the occasion of a $20 million raise, co-founder and CEO Ignacio Galiana told TechCrunch that Verve had sold more than 1,000 suits to date.<\/p>\n\n Verve Motion raises $20M to grow its exosuit business<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Wander the Modex floor long enough and you\u2019ll stumble upon some wearable robotics. The category has nowhere near the presence of AMRs (autonomous mobile robots) or storage and retrieval systems, but exosuits are increasing in acceptance for their ability to eliminate the repetitive stress that comes with lifting and moving heavy loads all day. While […]<\/p>\n","protected":false},"author":699688,"featured_media":2678306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"bf358f1b-6dbb-3503-9410-78a5a616ef65","footnotes":"","apple_news_api_created_at":"2024-03-12T18:40:08Z","apple_news_api_id":"8c7209a7-e6e3-49a7-a90f-04c944c1bdb3","apple_news_api_modified_at":"2024-03-12T19:48:28Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/AjHIJp-bjSaepDwTJRMG9sw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[577052803,449223024,577123751],"tags":[577183061,577236619,577236807,576900517],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nVerve Motion's robot backpack helps workers lighten their load | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

You put it on over your shoulders and then snap yourself in with a pair of chest straps. Next, another pair of soft straps are stretched around your thighs and Velcro-ed in place. It\u2019s a bit awkward, though most use cases don\u2019t involve wearing the system atop business casual dress in the middle of a crowded convention center (I assume). The system weighs 6.5 pounds in total and is designed to accommodate wearers standing 5\u20190\u201d to 6\u20196\u201d. It’s reasonably comfortable.<\/p>\n

Image Credits:<\/strong> Verve Motion<\/p><\/div><\/p>\n The Modex demo is a simple one. First you lift a big, orange Pelican-style case weighing 30 pounds. Then you do it again with the assistance cranked up. As someone in the throes of degenerative disc disease, I clearly deserve some kind of journalistic award for this morning\u2019s demo.<\/p>\n The thigh straps are connected to a pair of soft fabric cables that retract into the backpack with a bit of a yank. This assistive tug reduces the strain on your arms. Similarly, the system offers resistance as you bend over, slowing you as you lower down the payload.<\/p>\n Verve Motion sells SafeLift as part of a larger system featuring a wall of lockers\/cubby holes used to store and charge the exosuits. You can also charge the batteries separately and swap them out throughout the day.<\/p>\n When we spoke with<\/a> the Cambridge, Massachusetts startup last year on the occasion of a $20 million raise, co-founder and CEO Ignacio Galiana told TechCrunch that Verve had sold more than 1,000 suits to date.<\/p>\n\n Verve Motion raises $20M to grow its exosuit business<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Wander the Modex floor long enough and you\u2019ll stumble upon some wearable robotics. The category has nowhere near the presence of AMRs (autonomous mobile robots) or storage and retrieval systems, but exosuits are increasing in acceptance for their ability to eliminate the repetitive stress that comes with lifting and moving heavy loads all day. While […]<\/p>\n","protected":false},"author":699688,"featured_media":2678306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"bf358f1b-6dbb-3503-9410-78a5a616ef65","footnotes":"","apple_news_api_created_at":"2024-03-12T18:40:08Z","apple_news_api_id":"8c7209a7-e6e3-49a7-a90f-04c944c1bdb3","apple_news_api_modified_at":"2024-03-12T19:48:28Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/AjHIJp-bjSaepDwTJRMG9sw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[577052803,449223024,577123751],"tags":[577183061,577236619,577236807,576900517],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nVerve Motion's robot backpack helps workers lighten their load | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

The Modex demo is a simple one. First you lift a big, orange Pelican-style case weighing 30 pounds. Then you do it again with the assistance cranked up. As someone in the throes of degenerative disc disease, I clearly deserve some kind of journalistic award for this morning\u2019s demo.<\/p>\n

The thigh straps are connected to a pair of soft fabric cables that retract into the backpack with a bit of a yank. This assistive tug reduces the strain on your arms. Similarly, the system offers resistance as you bend over, slowing you as you lower down the payload.<\/p>\n

Verve Motion sells SafeLift as part of a larger system featuring a wall of lockers\/cubby holes used to store and charge the exosuits. You can also charge the batteries separately and swap them out throughout the day.<\/p>\n

When we spoke with<\/a> the Cambridge, Massachusetts startup last year on the occasion of a $20 million raise, co-founder and CEO Ignacio Galiana told TechCrunch that Verve had sold more than 1,000 suits to date.<\/p>\n\n Verve Motion raises $20M to grow its exosuit business<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Wander the Modex floor long enough and you\u2019ll stumble upon some wearable robotics. The category has nowhere near the presence of AMRs (autonomous mobile robots) or storage and retrieval systems, but exosuits are increasing in acceptance for their ability to eliminate the repetitive stress that comes with lifting and moving heavy loads all day. While […]<\/p>\n","protected":false},"author":699688,"featured_media":2678306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"bf358f1b-6dbb-3503-9410-78a5a616ef65","footnotes":"","apple_news_api_created_at":"2024-03-12T18:40:08Z","apple_news_api_id":"8c7209a7-e6e3-49a7-a90f-04c944c1bdb3","apple_news_api_modified_at":"2024-03-12T19:48:28Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/AjHIJp-bjSaepDwTJRMG9sw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[577052803,449223024,577123751],"tags":[577183061,577236619,577236807,576900517],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nVerve Motion's robot backpack helps workers lighten their load | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Verve Motion raises $20M to grow its exosuit business<\/a><\/p><\/blockquote>\n <\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Wander the Modex floor long enough and you\u2019ll stumble upon some wearable robotics. The category has nowhere near the presence of AMRs (autonomous mobile robots) or storage and retrieval systems, but exosuits are increasing in acceptance for their ability to eliminate the repetitive stress that comes with lifting and moving heavy loads all day. While […]<\/p>\n","protected":false},"author":699688,"featured_media":2678306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"bf358f1b-6dbb-3503-9410-78a5a616ef65","footnotes":"","apple_news_api_created_at":"2024-03-12T18:40:08Z","apple_news_api_id":"8c7209a7-e6e3-49a7-a90f-04c944c1bdb3","apple_news_api_modified_at":"2024-03-12T19:48:28Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/AjHIJp-bjSaepDwTJRMG9sw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[577052803,449223024,577123751],"tags":[577183061,577236619,577236807,576900517],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nVerve Motion's robot backpack helps workers lighten their load | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

<\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":" Wander the Modex floor long enough and you\u2019ll stumble upon some wearable robotics. The category has nowhere near the presence of AMRs (autonomous mobile robots) or storage and retrieval systems, but exosuits are increasing in acceptance for their ability to eliminate the repetitive stress that comes with lifting and moving heavy loads all day. While […]<\/p>\n","protected":false},"author":699688,"featured_media":2678306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"bf358f1b-6dbb-3503-9410-78a5a616ef65","footnotes":"","apple_news_api_created_at":"2024-03-12T18:40:08Z","apple_news_api_id":"8c7209a7-e6e3-49a7-a90f-04c944c1bdb3","apple_news_api_modified_at":"2024-03-12T19:48:28Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/AjHIJp-bjSaepDwTJRMG9sw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[577052803,449223024,577123751],"tags":[577183061,577236619,577236807,576900517],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nVerve Motion's robot backpack helps workers lighten their load | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Wander the Modex floor long enough and you\u2019ll stumble upon some wearable robotics. The category has nowhere near the presence of AMRs (autonomous mobile robots) or storage and retrieval systems, but exosuits are increasing in acceptance for their ability to eliminate the repetitive stress that comes with lifting and moving heavy loads all day. While […]<\/p>\n","protected":false},"author":699688,"featured_media":2678306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"bf358f1b-6dbb-3503-9410-78a5a616ef65","footnotes":"","apple_news_api_created_at":"2024-03-12T18:40:08Z","apple_news_api_id":"8c7209a7-e6e3-49a7-a90f-04c944c1bdb3","apple_news_api_modified_at":"2024-03-12T19:48:28Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/AjHIJp-bjSaepDwTJRMG9sw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[577052803,449223024,577123751],"tags":[577183061,577236619,577236807,576900517],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nVerve Motion's robot backpack helps workers lighten their load | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Brian Heater is the Hardware Editor at TechCrunch. He worked for a number of leading tech publications, including Engadget, PCMag, Laptop, and Tech Times, where he served as the Managing Editor. His writing has appeared in Spin, Wired, Playboy, Entertainment Weekly, The Onion, Boing Boing, Publishers Weekly, The Daily Beast and various other publications. He hosts the weekly Boing Boing interview podcast RiYL, has appeared as a regular NPR contributor and shares his Queens apartment with a rabbit named Juniper.<\/p>","cbAvatar":"https:\/\/techcrunch.com\/wp-content\/uploads\/2021\/01\/xynitsmpgmmobpekzxkg.jpg.jpg","twitter":"bheater","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/699688"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users"}]}}],"author":[{"id":699688,"name":"Brian Heater","url":"http:\/\/bheater","description":"","link":"https:\/\/techcrunch.com\/author\/brian-heater\/","slug":"brian-heater","avatar_urls":{"24":"https:\/\/secure.gravatar.com\/avatar\/eb77d830ad404e16ee7a4c7000b5f49d?s=24&d=identicon&r=g","48":"https:\/\/secure.gravatar.com\/avatar\/eb77d830ad404e16ee7a4c7000b5f49d?s=48&d=identicon&r=g","96":"https:\/\/secure.gravatar.com\/avatar\/eb77d830ad404e16ee7a4c7000b5f49d?s=96&d=identicon&r=g"},"yoast_head":"\nBrian Heater, Author at TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n

Brian Heater is the Hardware Editor at TechCrunch. He worked for a number of leading tech publications, including Engadget, PCMag, Laptop, and Tech Times, where he served as the Managing Editor. His writing has appeared in Spin, Wired, Playboy, Entertainment Weekly, The Onion, Boing Boing, Publishers Weekly, The Daily Beast and various other publications. He hosts the weekly Boing Boing interview podcast RiYL, has appeared as a regular NPR contributor and shares his Queens apartment with a rabbit named Juniper.<\/p>","cbAvatar":"https:\/\/techcrunch.com\/wp-content\/uploads\/2021\/01\/xynitsmpgmmobpekzxkg.jpg.jpg","twitter":"bheater","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/699688"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users"}]}}],"wp:featuredmedia":[{"id":2678306,"date":"2024-03-12T10:44:23","slug":"img_0754","type":"attachment","link":"https:\/\/techcrunch.com\/2024\/03\/12\/verve-motions-robot-backpack-helps-workers-lighten-their-load\/img_0754\/","title":{"rendered":"IMG_0754"},"author":699688,"jetpack_sharing_enabled":true,"license":{"person":"Brian Heater"},"authors":[699688],"caption":{"rendered":"

Verve Motion’s robot backpack<\/p>\n"},"alt_text":"Verve Motion's robot backpack","media_type":"image","mime_type":"image\/jpeg","media_details":{"width":5712,"height":4284,"file":"2024\/03\/IMG_0754.jpg","filesize":3289985,"sizes":{"thumbnail":{"file":"IMG_0754.jpg?resize=150,113","width":150,"height":113,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=150"},"medium":{"file":"IMG_0754.jpg?resize=300,225","width":300,"height":225,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=300"},"medium_large":{"file":"IMG_0754.jpg?resize=768,576","width":768,"height":576,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=1024"},"large":{"file":"IMG_0754.jpg?resize=680,510","width":680,"height":510,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=680"},"1536x1536":{"file":"IMG_0754.jpg?resize=1536,1152","width":1536,"height":1152,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=1536"},"2048x2048":{"file":"IMG_0754.jpg?resize=2048,1536","width":2048,"height":1536,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=2048"},"tc-social-image":{"file":"IMG_0754.jpg?resize=1200,900","width":1200,"height":900,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=1200"},"guest-author-32":{"file":"IMG_0754.jpg?resize=32,32","width":32,"height":32,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"IMG_0754.jpg?resize=50,50","width":50,"height":50,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"IMG_0754.jpg?resize=64,64","width":64,"height":64,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"IMG_0754.jpg?resize=96,96","width":96,"height":96,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"IMG_0754.jpg?resize=128,128","width":128,"height":128,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"IMG_0754.jpg?resize=50,38","width":50,"height":38,"filesize":3289985,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg?w=50"},"full":{"file":"IMG_0754.jpg","width":1024,"height":768,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"iPhone 15 Pro Max","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1","keywords":[]}},"source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/IMG_0754.jpg","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media\/2678306"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media"}],"about":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/types\/attachment"}],"replies":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/comments?post=2678306"}],"author":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/699688"}]}}],"wp:term":[[{"id":577052803,"description":"News, updates and reviews on the latest gadgets in tech. Coverage includes smartphones, wearables, laptops, drones and all of your consumer electronics needs.","link":"https:\/\/techcrunch.com\/category\/gadgets\/","name":"Gadgets","slug":"gadgets","taxonomy":"category","parent":0,"yoast_head":"\nGadgets | Latest gadget news, updates & reviews on TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n

His latest project, DBOS<\/a>, puts the database at the center of the software stack, reducing the operating system to a small kernel of low-level functions. He believes that in the modern data-centric world, Linux hasn\u2019t kept up with the scale and speed required to process copious amounts of data in the cloud, so as he\u2019s done throughout his illustrious career, he did the research and developed updated technology for modern data requirements, and of course, also launched a company.<\/p>\n Today, DBOS officially launched with an $8.5 million seed investment.<\/p>\n Stonebraker, who is co-founder and CTO at the company, says the startup is the culmination of a three-year joint research project between Stanford and MIT (just a little bit of brain power there). \u201cThe genesis of the project was OLTP (online transaction processing), database systems have gotten a lot faster in the last 15 years. And so the thesis was that they would be competitive as a new operating system stack,\u201d he told TechCrunch.<\/p>\n He became interested in trying to put a database system at the bottom of the technology stack as close to bare metal as possible where the operating system usually sits. Bare metal is a term used to describe the pure hardware layer where no software exists. Flipping the OS and the database is a bold and revolutionary idea.<\/p>\n He says the company vision really came together after he saw a talk by Databricks CTO Matei Zaharia, who would become a DBOS co-founder and advisor. Zaharia realized at Databricks that as the amount of data scaled to previously unseen heights, it required a new way of thinking about the software stack. \u201cOne thing we had discovered is, as we kept building services to support the database cloud at Databricks, and scale to millions of workloads running at the same time, was that actually it was much easier to make things very database-centric,\u201d Zaharia explained.<\/p>\n That reinforced the idea that had been forming in Stonebraker\u2019s mind, and he began looking at how to take tasks that had been traditionally run in the OS with the C++ programming language, and run them in the database instead, using SQL queries. While operating systems folks were understandably threatened by this notion, so far he has been able to build file, scheduling and messaging systems in DBOS by running SQL queries. What’s more, he’s tested it at a major bank and a consumer food company. These are operations that are traditionally handled at the operating system level.<\/p><\/div>\n \u201cWe proved it’s performance competitive with whatever you’re currently doing. So that gave us the courage to keep going,\u201d Stonebraker said. One of the cool things about this approach is the ability to take advantage of database logging capabilities to keep a record of all the operating system events for as long as you like.<\/p>\n \u201cSo if a ransomware attack began 12 minutes ago, you just back up everything 13 minutes, a single step around the problem, and you’re back up and running almost instantaneously.\u201d The experimental project became the company DBOS last year. The current product set includes three main pieces: an open source SDK where developers generate and test code locally, before deploying to an auto-scaling serverless cloud. The time travel debugger — the ability to move the OS back and forth in time — also runs in the cloud service.<\/p>\n Stonebraker acknowledges that companies aren\u2019t going to completely change the way they run applications, so the startup is targeting more green field opportunities where companies being built today could take advantage of this new approach to organizing software. More established companies could look at moving specific pieces or newer projects to DBOS, he said.<\/p>\n While Stonebraker and Zaharia have substantial day jobs, making it more challenging to run a company, it\u2019s certainly something that Stonebraker in particular has deep experience managing. He has hired a CEO to run the daily operations, and the company currently has a team of eight engineers building the products.<\/p>\n The $8.5 million seed investment was was led by Engine Ventures with participation from Construct Capital, Sinewave and Gutbrain Ventures.<\/p>\n","protected":false},"excerpt":{"rendered":" MIT professor Mike Stonebraker has been at the forefront of database technology for more than 50 years. The former Turing Award winner invented the Ingres and Postgres databases and helped launch a number of companies, including Streambase Systems (acquired by Tibco in 2013), VoltDB, Tamr and SciDB. Now 80, he knows a thing or two […]<\/p>\n","protected":false},"author":521068,"featured_media":2677865,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"2334c671-8763-39f7-a1c9-30819dad7a4d","footnotes":"","apple_news_api_created_at":"2024-03-12T12:01:43Z","apple_news_api_id":"4ec9335e-64a0-411f-b011-eacb51ce86c0","apple_news_api_modified_at":"2024-03-12T19:44:50Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/ATskzXmSgQR-wEerLUc6GwA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[20429],"tags":[10286,577236804,577236806,43886,25],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nNew startup from Postgres creator puts the database at heart of software stack | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Today, DBOS officially launched with an $8.5 million seed investment.<\/p>\n

Stonebraker, who is co-founder and CTO at the company, says the startup is the culmination of a three-year joint research project between Stanford and MIT (just a little bit of brain power there). \u201cThe genesis of the project was OLTP (online transaction processing), database systems have gotten a lot faster in the last 15 years. And so the thesis was that they would be competitive as a new operating system stack,\u201d he told TechCrunch.<\/p>\n

He became interested in trying to put a database system at the bottom of the technology stack as close to bare metal as possible where the operating system usually sits. Bare metal is a term used to describe the pure hardware layer where no software exists. Flipping the OS and the database is a bold and revolutionary idea.<\/p>\n

He says the company vision really came together after he saw a talk by Databricks CTO Matei Zaharia, who would become a DBOS co-founder and advisor. Zaharia realized at Databricks that as the amount of data scaled to previously unseen heights, it required a new way of thinking about the software stack. \u201cOne thing we had discovered is, as we kept building services to support the database cloud at Databricks, and scale to millions of workloads running at the same time, was that actually it was much easier to make things very database-centric,\u201d Zaharia explained.<\/p>\n

That reinforced the idea that had been forming in Stonebraker\u2019s mind, and he began looking at how to take tasks that had been traditionally run in the OS with the C++ programming language, and run them in the database instead, using SQL queries. While operating systems folks were understandably threatened by this notion, so far he has been able to build file, scheduling and messaging systems in DBOS by running SQL queries. What’s more, he’s tested it at a major bank and a consumer food company. These are operations that are traditionally handled at the operating system level.<\/p><\/div>\n \u201cWe proved it’s performance competitive with whatever you’re currently doing. So that gave us the courage to keep going,\u201d Stonebraker said. One of the cool things about this approach is the ability to take advantage of database logging capabilities to keep a record of all the operating system events for as long as you like.<\/p>\n \u201cSo if a ransomware attack began 12 minutes ago, you just back up everything 13 minutes, a single step around the problem, and you’re back up and running almost instantaneously.\u201d The experimental project became the company DBOS last year. The current product set includes three main pieces: an open source SDK where developers generate and test code locally, before deploying to an auto-scaling serverless cloud. The time travel debugger — the ability to move the OS back and forth in time — also runs in the cloud service.<\/p>\n Stonebraker acknowledges that companies aren\u2019t going to completely change the way they run applications, so the startup is targeting more green field opportunities where companies being built today could take advantage of this new approach to organizing software. More established companies could look at moving specific pieces or newer projects to DBOS, he said.<\/p>\n While Stonebraker and Zaharia have substantial day jobs, making it more challenging to run a company, it\u2019s certainly something that Stonebraker in particular has deep experience managing. He has hired a CEO to run the daily operations, and the company currently has a team of eight engineers building the products.<\/p>\n The $8.5 million seed investment was was led by Engine Ventures with participation from Construct Capital, Sinewave and Gutbrain Ventures.<\/p>\n","protected":false},"excerpt":{"rendered":" MIT professor Mike Stonebraker has been at the forefront of database technology for more than 50 years. The former Turing Award winner invented the Ingres and Postgres databases and helped launch a number of companies, including Streambase Systems (acquired by Tibco in 2013), VoltDB, Tamr and SciDB. Now 80, he knows a thing or two […]<\/p>\n","protected":false},"author":521068,"featured_media":2677865,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"2334c671-8763-39f7-a1c9-30819dad7a4d","footnotes":"","apple_news_api_created_at":"2024-03-12T12:01:43Z","apple_news_api_id":"4ec9335e-64a0-411f-b011-eacb51ce86c0","apple_news_api_modified_at":"2024-03-12T19:44:50Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/ATskzXmSgQR-wEerLUc6GwA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[20429],"tags":[10286,577236804,577236806,43886,25],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nNew startup from Postgres creator puts the database at heart of software stack | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

\u201cWe proved it’s performance competitive with whatever you’re currently doing. So that gave us the courage to keep going,\u201d Stonebraker said. One of the cool things about this approach is the ability to take advantage of database logging capabilities to keep a record of all the operating system events for as long as you like.<\/p>\n

\u201cSo if a ransomware attack began 12 minutes ago, you just back up everything 13 minutes, a single step around the problem, and you’re back up and running almost instantaneously.\u201d The experimental project became the company DBOS last year. The current product set includes three main pieces: an open source SDK where developers generate and test code locally, before deploying to an auto-scaling serverless cloud. The time travel debugger — the ability to move the OS back and forth in time — also runs in the cloud service.<\/p>\n

Stonebraker acknowledges that companies aren\u2019t going to completely change the way they run applications, so the startup is targeting more green field opportunities where companies being built today could take advantage of this new approach to organizing software. More established companies could look at moving specific pieces or newer projects to DBOS, he said.<\/p>\n

While Stonebraker and Zaharia have substantial day jobs, making it more challenging to run a company, it\u2019s certainly something that Stonebraker in particular has deep experience managing. He has hired a CEO to run the daily operations, and the company currently has a team of eight engineers building the products.<\/p>\n

The $8.5 million seed investment was was led by Engine Ventures with participation from Construct Capital, Sinewave and Gutbrain Ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"

MIT professor Mike Stonebraker has been at the forefront of database technology for more than 50 years. The former Turing Award winner invented the Ingres and Postgres databases and helped launch a number of companies, including Streambase Systems (acquired by Tibco in 2013), VoltDB, Tamr and SciDB. Now 80, he knows a thing or two […]<\/p>\n","protected":false},"author":521068,"featured_media":2677865,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"2334c671-8763-39f7-a1c9-30819dad7a4d","footnotes":"","apple_news_api_created_at":"2024-03-12T12:01:43Z","apple_news_api_id":"4ec9335e-64a0-411f-b011-eacb51ce86c0","apple_news_api_modified_at":"2024-03-12T19:44:50Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/ATskzXmSgQR-wEerLUc6GwA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[20429],"tags":[10286,577236804,577236806,43886,25],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nNew startup from Postgres creator puts the database at heart of software stack | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Ron Miller has been writing about the enterprise at TechCrunch since 2014.<\/p>\r\n\r\n

Previously, he was a long-time Contributing Editor at EContent Magazine. Past regular gigs included CITEworld, DaniWeb, TechTarget, Internet Evolution and FierceContentManagement.<\/p>\r\n\r\n

Disclosures:<\/p>\r\n\r\n

Ron was formerly corporate blogger for Intronis where he wrote once weekly on IT issues. He has contributed to various corporate blogs in the past including Ness, Novell and the IBM Mid-market Blogger Program.<\/p>","cbAvatar":"https:\/\/techcrunch.com\/wp-content\/uploads\/2021\/01\/diuuw7dfbczpdwmcpldm.png","twitter":"ron_miller"}],"author":[{"id":521068,"name":"Ron Miller","url":"","description":"Ron Miller has been covering the enterprise at TechCrunch since 2014.","link":"https:\/\/techcrunch.com\/author\/ron-miller\/","slug":"ron-miller","avatar_urls":{"24":"https:\/\/secure.gravatar.com\/avatar\/0b82cfe9f0e15c08c5816481c9f383d9?s=24&d=identicon&r=g","48":"https:\/\/secure.gravatar.com\/avatar\/0b82cfe9f0e15c08c5816481c9f383d9?s=48&d=identicon&r=g","96":"https:\/\/secure.gravatar.com\/avatar\/0b82cfe9f0e15c08c5816481c9f383d9?s=96&d=identicon&r=g"},"yoast_head":"\nRon Miller, Author at TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n

Ron Miller has been writing about the enterprise at TechCrunch since 2014.<\/p>\r\n\r\n

Previously, he was a long-time Contributing Editor at EContent Magazine. Past regular gigs included CITEworld, DaniWeb, TechTarget, Internet Evolution and FierceContentManagement.<\/p>\r\n\r\n

Disclosures:<\/p>\r\n\r\n

Ron was formerly corporate blogger for Intronis where he wrote once weekly on IT issues. He has contributed to various corporate blogs in the past including Ness, Novell and the IBM Mid-market Blogger Program.<\/p>","cbAvatar":"https:\/\/techcrunch.com\/wp-content\/uploads\/2021\/01\/diuuw7dfbczpdwmcpldm.png","twitter":"ron_miller","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/521068"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users"}]}}],"wp:featuredmedia":[{"id":2677865,"date":"2024-03-11T14:40:03","slug":"cloud-isometric-background","type":"attachment","link":"https:\/\/techcrunch.com\/2024\/03\/12\/new-startup-from-postgres-creator-puts-the-database-at-heart-of-software-stack\/cloud-isometric-background\/","title":{"rendered":"Cloud isometric background"},"author":521068,"jetpack_sharing_enabled":true,"license":{"source_key":"getty images","person":"traffic_analyzer"},"authors":[521068],"caption":{"rendered":"

Cloud isometric background<\/p>\n"},"alt_text":"Cloud at the center of a bunch of connected databases on blue background.","media_type":"image","mime_type":"image\/jpeg","media_details":{"width":3000,"height":1998,"file":"2024\/03\/GettyImages-1358993442.jpg","filesize":1151534,"sizes":{"thumbnail":{"file":"GettyImages-1358993442.jpg?resize=150,100","width":150,"height":100,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=150"},"medium":{"file":"GettyImages-1358993442.jpg?resize=300,200","width":300,"height":200,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=300"},"medium_large":{"file":"GettyImages-1358993442.jpg?resize=768,511","width":768,"height":511,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=1024"},"large":{"file":"GettyImages-1358993442.jpg?resize=680,453","width":680,"height":453,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=680"},"1536x1536":{"file":"GettyImages-1358993442.jpg?resize=1536,1023","width":1536,"height":1023,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=1536"},"2048x2048":{"file":"GettyImages-1358993442.jpg?resize=2048,1364","width":2048,"height":1364,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=2048"},"tc-social-image":{"file":"GettyImages-1358993442.jpg?resize=1200,799","width":1200,"height":799,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=1200"},"guest-author-32":{"file":"GettyImages-1358993442.jpg?resize=32,32","width":32,"height":32,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"GettyImages-1358993442.jpg?resize=50,50","width":50,"height":50,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"GettyImages-1358993442.jpg?resize=64,64","width":64,"height":64,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"GettyImages-1358993442.jpg?resize=96,96","width":96,"height":96,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"GettyImages-1358993442.jpg?resize=128,128","width":128,"height":128,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"GettyImages-1358993442.jpg?resize=50,33","width":50,"height":33,"filesize":1151534,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg?w=50"},"full":{"file":"GettyImages-1358993442.jpg","width":1024,"height":682,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg"}},"image_meta":{"aperture":"0","credit":"Getty Images","camera":"","caption":"Cloud isometric background","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"Cloud isometric background","orientation":"1","keywords":["sql"]}},"source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/GettyImages-1358993442.jpg","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media\/2677865"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media"}],"about":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/types\/attachment"}],"replies":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/comments?post=2677865"}],"author":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/521068"}]}}],"wp:term":[[{"id":20429,"description":"Tech startup news that breaks down the funding, growth, and long-term trajectory of companies across every stage and industry. Startup coverage includes climate, crypto, fintech, SaaS, transportation, and consumer tech.","link":"https:\/\/techcrunch.com\/category\/startups\/","name":"Startups","slug":"startups","taxonomy":"category","parent":0,"yoast_head":"\nStartups | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n

The rooftop tent, which Rivian calls the treehouse, is equipped with a movie projector, which is run using power from the Rivian, Brian Gase, Rivian’s senior director of prototype and special projects, told TechCrunch during a customer event in Laguna Beach, California. The customer event was held Thursday evening, several hours after Rivian founder and CEO RJ Scaringe unveiled the all-electric R2 SUV<\/a> and the sporty R3 and R3x hatchback vehicles<\/a>.<\/p>\n The treehouse, as Rivian has branded it, is different from the white-labeled Yakima tent designed for its flagship R1T truck.<\/p>\n <\/a> Image Credits:<\/strong> Rivian<\/p><\/div><\/p>\n This new treehouse product is contained in a hardshell, which then opens up into a large rooftop tent. Opposite the opening is a large window, where the roll-down screen is located, Gase said. The projector can be connected to a power source from the vehicle, he added. The treehouse also comes with an interior fan and lighting.<\/p>\n Gase said the treehouse design will largely remain the same once it goes on sale. Right now, he said, the focus is about keeping the quality high without making it too expensive.<\/p>\n “It’s about the cost because you can look at it and say ‘that’s awesome,’ but then you’re putting an expensive tent on a product that you’re trying to get to an introductory level price,” Gase said, referring to the R2, which is expected to have a starting price of $45,000.<\/p><\/div>\n <\/a> Image Credits:<\/strong> Kirsten Korosec<\/p><\/div><\/p>\n The treehouse-that-turns-into-a-movie-theater is just one of several adventure-minded accessories revealed Thursday alongside Rivian’s next-generation of smaller more affordable EVs. Rivian plans to sell a cargo box that mounts to a hitch on the back of the vehicle and that can be paired with a new travel kitchen. The kitchen includes a water tank, cooler and cookware set.<\/p>\n On Thursday, Rivian revealed the R2, a five-seat, all-electric midsized SUV that will have more than 300 miles of range and a base price of $45,000. In a surprise twist, Scaringe also unveiled the smaller R3 and the R3x performance, a compact hatchback-style EV with sporty vibes. Rivian hasn’t given a production timeline for the R3 vehicles.<\/p>\n The R2, which will now be made at the company’s Normal, Illinois factory, is expected to go into production in the first half of 2024. The company said it will save about $2.25 billion by moving production of the R2 from its planned Georgia factory to its existing factory in Normal.<\/p>\n","protected":false},"excerpt":{"rendered":" Rivian has a little cinematic surprise tucked in its new “treehouse” rooftop tent, one of the many accessories the automaker plans to sell alongside its next-generation R2 SUV and future R3 EVs. The rooftop tent, which Rivian calls the treehouse, is equipped with a movie projector, which is run using power from the Rivian, Brian […]<\/p>\n","protected":false},"author":133574188,"featured_media":2677061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"dbc07e92-a5f9-3619-9287-35218b610c2f","footnotes":"","apple_news_api_created_at":"2024-03-08T20:02:57Z","apple_news_api_id":"4051d1cc-8118-45e3-a351-306d7de5a97f","apple_news_api_modified_at":"2024-03-08T20:22:27Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AQFHRzIEYReOjUTBtfeWpfw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[197443,76801,576617966],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRivian's new 'treehouse' rooftop tent comes with a movie projector | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

The treehouse, as Rivian has branded it, is different from the white-labeled Yakima tent designed for its flagship R1T truck.<\/p>\n

<\/a> Image Credits:<\/strong> Rivian<\/p><\/div><\/p>\n This new treehouse product is contained in a hardshell, which then opens up into a large rooftop tent. Opposite the opening is a large window, where the roll-down screen is located, Gase said. The projector can be connected to a power source from the vehicle, he added. The treehouse also comes with an interior fan and lighting.<\/p>\n Gase said the treehouse design will largely remain the same once it goes on sale. Right now, he said, the focus is about keeping the quality high without making it too expensive.<\/p>\n “It’s about the cost because you can look at it and say ‘that’s awesome,’ but then you’re putting an expensive tent on a product that you’re trying to get to an introductory level price,” Gase said, referring to the R2, which is expected to have a starting price of $45,000.<\/p><\/div>\n <\/a> Image Credits:<\/strong> Kirsten Korosec<\/p><\/div><\/p>\n The treehouse-that-turns-into-a-movie-theater is just one of several adventure-minded accessories revealed Thursday alongside Rivian’s next-generation of smaller more affordable EVs. Rivian plans to sell a cargo box that mounts to a hitch on the back of the vehicle and that can be paired with a new travel kitchen. The kitchen includes a water tank, cooler and cookware set.<\/p>\n On Thursday, Rivian revealed the R2, a five-seat, all-electric midsized SUV that will have more than 300 miles of range and a base price of $45,000. In a surprise twist, Scaringe also unveiled the smaller R3 and the R3x performance, a compact hatchback-style EV with sporty vibes. Rivian hasn’t given a production timeline for the R3 vehicles.<\/p>\n The R2, which will now be made at the company’s Normal, Illinois factory, is expected to go into production in the first half of 2024. The company said it will save about $2.25 billion by moving production of the R2 from its planned Georgia factory to its existing factory in Normal.<\/p>\n","protected":false},"excerpt":{"rendered":" Rivian has a little cinematic surprise tucked in its new “treehouse” rooftop tent, one of the many accessories the automaker plans to sell alongside its next-generation R2 SUV and future R3 EVs. The rooftop tent, which Rivian calls the treehouse, is equipped with a movie projector, which is run using power from the Rivian, Brian […]<\/p>\n","protected":false},"author":133574188,"featured_media":2677061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"dbc07e92-a5f9-3619-9287-35218b610c2f","footnotes":"","apple_news_api_created_at":"2024-03-08T20:02:57Z","apple_news_api_id":"4051d1cc-8118-45e3-a351-306d7de5a97f","apple_news_api_modified_at":"2024-03-08T20:22:27Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AQFHRzIEYReOjUTBtfeWpfw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[197443,76801,576617966],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRivian's new 'treehouse' rooftop tent comes with a movie projector | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Image Credits:<\/strong> Rivian<\/p><\/div><\/p>\n This new treehouse product is contained in a hardshell, which then opens up into a large rooftop tent. Opposite the opening is a large window, where the roll-down screen is located, Gase said. The projector can be connected to a power source from the vehicle, he added. The treehouse also comes with an interior fan and lighting.<\/p>\n Gase said the treehouse design will largely remain the same once it goes on sale. Right now, he said, the focus is about keeping the quality high without making it too expensive.<\/p>\n “It’s about the cost because you can look at it and say ‘that’s awesome,’ but then you’re putting an expensive tent on a product that you’re trying to get to an introductory level price,” Gase said, referring to the R2, which is expected to have a starting price of $45,000.<\/p><\/div>\n <\/a> Image Credits:<\/strong> Kirsten Korosec<\/p><\/div><\/p>\n The treehouse-that-turns-into-a-movie-theater is just one of several adventure-minded accessories revealed Thursday alongside Rivian’s next-generation of smaller more affordable EVs. Rivian plans to sell a cargo box that mounts to a hitch on the back of the vehicle and that can be paired with a new travel kitchen. The kitchen includes a water tank, cooler and cookware set.<\/p>\n On Thursday, Rivian revealed the R2, a five-seat, all-electric midsized SUV that will have more than 300 miles of range and a base price of $45,000. In a surprise twist, Scaringe also unveiled the smaller R3 and the R3x performance, a compact hatchback-style EV with sporty vibes. Rivian hasn’t given a production timeline for the R3 vehicles.<\/p>\n The R2, which will now be made at the company’s Normal, Illinois factory, is expected to go into production in the first half of 2024. The company said it will save about $2.25 billion by moving production of the R2 from its planned Georgia factory to its existing factory in Normal.<\/p>\n","protected":false},"excerpt":{"rendered":" Rivian has a little cinematic surprise tucked in its new “treehouse” rooftop tent, one of the many accessories the automaker plans to sell alongside its next-generation R2 SUV and future R3 EVs. The rooftop tent, which Rivian calls the treehouse, is equipped with a movie projector, which is run using power from the Rivian, Brian […]<\/p>\n","protected":false},"author":133574188,"featured_media":2677061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"dbc07e92-a5f9-3619-9287-35218b610c2f","footnotes":"","apple_news_api_created_at":"2024-03-08T20:02:57Z","apple_news_api_id":"4051d1cc-8118-45e3-a351-306d7de5a97f","apple_news_api_modified_at":"2024-03-08T20:22:27Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AQFHRzIEYReOjUTBtfeWpfw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[197443,76801,576617966],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRivian's new 'treehouse' rooftop tent comes with a movie projector | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Gase said the treehouse design will largely remain the same once it goes on sale. Right now, he said, the focus is about keeping the quality high without making it too expensive.<\/p>\n

“It’s about the cost because you can look at it and say ‘that’s awesome,’ but then you’re putting an expensive tent on a product that you’re trying to get to an introductory level price,” Gase said, referring to the R2, which is expected to have a starting price of $45,000.<\/p><\/div>\n <\/a> Image Credits:<\/strong> Kirsten Korosec<\/p><\/div><\/p>\n The treehouse-that-turns-into-a-movie-theater is just one of several adventure-minded accessories revealed Thursday alongside Rivian’s next-generation of smaller more affordable EVs. Rivian plans to sell a cargo box that mounts to a hitch on the back of the vehicle and that can be paired with a new travel kitchen. The kitchen includes a water tank, cooler and cookware set.<\/p>\n On Thursday, Rivian revealed the R2, a five-seat, all-electric midsized SUV that will have more than 300 miles of range and a base price of $45,000. In a surprise twist, Scaringe also unveiled the smaller R3 and the R3x performance, a compact hatchback-style EV with sporty vibes. Rivian hasn’t given a production timeline for the R3 vehicles.<\/p>\n The R2, which will now be made at the company’s Normal, Illinois factory, is expected to go into production in the first half of 2024. The company said it will save about $2.25 billion by moving production of the R2 from its planned Georgia factory to its existing factory in Normal.<\/p>\n","protected":false},"excerpt":{"rendered":" Rivian has a little cinematic surprise tucked in its new “treehouse” rooftop tent, one of the many accessories the automaker plans to sell alongside its next-generation R2 SUV and future R3 EVs. The rooftop tent, which Rivian calls the treehouse, is equipped with a movie projector, which is run using power from the Rivian, Brian […]<\/p>\n","protected":false},"author":133574188,"featured_media":2677061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"dbc07e92-a5f9-3619-9287-35218b610c2f","footnotes":"","apple_news_api_created_at":"2024-03-08T20:02:57Z","apple_news_api_id":"4051d1cc-8118-45e3-a351-306d7de5a97f","apple_news_api_modified_at":"2024-03-08T20:22:27Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AQFHRzIEYReOjUTBtfeWpfw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[197443,76801,576617966],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRivian's new 'treehouse' rooftop tent comes with a movie projector | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

<\/a> Image Credits:<\/strong> Kirsten Korosec<\/p><\/div><\/p>\n The treehouse-that-turns-into-a-movie-theater is just one of several adventure-minded accessories revealed Thursday alongside Rivian’s next-generation of smaller more affordable EVs. Rivian plans to sell a cargo box that mounts to a hitch on the back of the vehicle and that can be paired with a new travel kitchen. The kitchen includes a water tank, cooler and cookware set.<\/p>\n On Thursday, Rivian revealed the R2, a five-seat, all-electric midsized SUV that will have more than 300 miles of range and a base price of $45,000. In a surprise twist, Scaringe also unveiled the smaller R3 and the R3x performance, a compact hatchback-style EV with sporty vibes. Rivian hasn’t given a production timeline for the R3 vehicles.<\/p>\n The R2, which will now be made at the company’s Normal, Illinois factory, is expected to go into production in the first half of 2024. The company said it will save about $2.25 billion by moving production of the R2 from its planned Georgia factory to its existing factory in Normal.<\/p>\n","protected":false},"excerpt":{"rendered":" Rivian has a little cinematic surprise tucked in its new “treehouse” rooftop tent, one of the many accessories the automaker plans to sell alongside its next-generation R2 SUV and future R3 EVs. The rooftop tent, which Rivian calls the treehouse, is equipped with a movie projector, which is run using power from the Rivian, Brian […]<\/p>\n","protected":false},"author":133574188,"featured_media":2677061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"dbc07e92-a5f9-3619-9287-35218b610c2f","footnotes":"","apple_news_api_created_at":"2024-03-08T20:02:57Z","apple_news_api_id":"4051d1cc-8118-45e3-a351-306d7de5a97f","apple_news_api_modified_at":"2024-03-08T20:22:27Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AQFHRzIEYReOjUTBtfeWpfw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[197443,76801,576617966],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRivian's new 'treehouse' rooftop tent comes with a movie projector | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Image Credits:<\/strong> Kirsten Korosec<\/p><\/div><\/p>\n The treehouse-that-turns-into-a-movie-theater is just one of several adventure-minded accessories revealed Thursday alongside Rivian’s next-generation of smaller more affordable EVs. Rivian plans to sell a cargo box that mounts to a hitch on the back of the vehicle and that can be paired with a new travel kitchen. The kitchen includes a water tank, cooler and cookware set.<\/p>\n On Thursday, Rivian revealed the R2, a five-seat, all-electric midsized SUV that will have more than 300 miles of range and a base price of $45,000. In a surprise twist, Scaringe also unveiled the smaller R3 and the R3x performance, a compact hatchback-style EV with sporty vibes. Rivian hasn’t given a production timeline for the R3 vehicles.<\/p>\n The R2, which will now be made at the company’s Normal, Illinois factory, is expected to go into production in the first half of 2024. The company said it will save about $2.25 billion by moving production of the R2 from its planned Georgia factory to its existing factory in Normal.<\/p>\n","protected":false},"excerpt":{"rendered":" Rivian has a little cinematic surprise tucked in its new “treehouse” rooftop tent, one of the many accessories the automaker plans to sell alongside its next-generation R2 SUV and future R3 EVs. The rooftop tent, which Rivian calls the treehouse, is equipped with a movie projector, which is run using power from the Rivian, Brian […]<\/p>\n","protected":false},"author":133574188,"featured_media":2677061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"dbc07e92-a5f9-3619-9287-35218b610c2f","footnotes":"","apple_news_api_created_at":"2024-03-08T20:02:57Z","apple_news_api_id":"4051d1cc-8118-45e3-a351-306d7de5a97f","apple_news_api_modified_at":"2024-03-08T20:22:27Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AQFHRzIEYReOjUTBtfeWpfw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[197443,76801,576617966],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRivian's new 'treehouse' rooftop tent comes with a movie projector | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

Rivian has a little cinematic surprise tucked in its new “treehouse” rooftop tent, one of the many accessories the automaker plans to sell alongside its next-generation R2 SUV and future R3 EVs. The rooftop tent, which Rivian calls the treehouse, is equipped with a movie projector, which is run using power from the Rivian, Brian […]<\/p>\n","protected":false},"author":133574188,"featured_media":2677061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"carmot_uuid":"dbc07e92-a5f9-3619-9287-35218b610c2f","footnotes":"","apple_news_api_created_at":"2024-03-08T20:02:57Z","apple_news_api_id":"4051d1cc-8118-45e3-a351-306d7de5a97f","apple_news_api_modified_at":"2024-03-08T20:22:27Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/AQFHRzIEYReOjUTBtfeWpfw","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false},"categories":[2401],"tags":[197443,76801,576617966],"crunchbase_tag":[],"tc_stories_tax":[],"tc_ec_category":[],"tc_event":[],"tc_regions_tax":[],"yoast_head":"\nRivian's new 'treehouse' rooftop tent comes with a movie projector | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n

camping set up The Rivian R3X hatchback EV.<\/p>\n"},"alt_text":"The Rivian R3X hatchback EV. With roof tent.","media_type":"image","mime_type":"image\/jpeg","media_details":{"width":1935,"height":1451,"file":"2024\/03\/rivian-r3x-hatchback.jpg","filesize":1201295,"sizes":{"thumbnail":{"file":"rivian-r3x-hatchback.jpg?resize=150,112","width":150,"height":112,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=150"},"medium":{"file":"rivian-r3x-hatchback.jpg?resize=300,225","width":300,"height":225,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=300"},"medium_large":{"file":"rivian-r3x-hatchback.jpg?resize=768,576","width":768,"height":576,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=1024"},"large":{"file":"rivian-r3x-hatchback.jpg?resize=680,510","width":680,"height":510,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=680"},"1536x1536":{"file":"rivian-r3x-hatchback.jpg?resize=1536,1152","width":1536,"height":1152,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=1536"},"tc-social-image":{"file":"rivian-r3x-hatchback.jpg?resize=1200,900","width":1200,"height":900,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=1200"},"guest-author-32":{"file":"rivian-r3x-hatchback.jpg?resize=32,32","width":32,"height":32,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"rivian-r3x-hatchback.jpg?resize=50,50","width":50,"height":50,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"rivian-r3x-hatchback.jpg?resize=64,64","width":64,"height":64,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"rivian-r3x-hatchback.jpg?resize=96,96","width":96,"height":96,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"rivian-r3x-hatchback.jpg?resize=128,128","width":128,"height":128,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"rivian-r3x-hatchback.jpg?resize=50,37","width":50,"height":37,"filesize":1201295,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg?w=50"},"full":{"file":"rivian-r3x-hatchback.jpg","width":1024,"height":768,"mime_type":"image\/jpeg","source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"source_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/03\/rivian-r3x-hatchback.jpg","_links":{"self":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media\/2677061"}],"collection":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/media"}],"about":[{"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/types\/attachment"}],"replies":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/wp\/v2\/comments?post=2677061"}],"author":[{"embeddable":true,"href":"https:\/\/techcrunch.com\/wp-json\/tc\/v1\/users\/133574628"}]}}],"wp:term":[[{"id":2401,"description":"Transportation news includes all the present and future ways people and packages get from Point A to Point B. Coverage includes scooters and e-bikes to autonomous vehicles, EVs, transit, and evTOLs. We cover auto tech players big and small, from Tesla, GM, Uber, and Lyft, to small startups entering the automotive tech space.","link":"https:\/\/techcrunch.com\/category\/transportation\/","name":"Transportation","slug":"transportation","taxonomy":"category","parent":0,"yoast_head":"\nTransportation & Auto News | TechCrunch<\/title>\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n

Rivian&#039;s new &#039;treehouse&#039; rooftop tent comes with a movie projector | TechCrunch

Rivian's new 'treehouse' rooftop tent comes with a movie projector | TechCrunch