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         By
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         Friday, June 16, 2023
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                The Daily Crunch is taking Monday off for Juneteenth, but Christine will be back from vacation Tuesday to bring you the top stories of the day.
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                But today, the Reddit story is alive and well. Ivan writes that
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                 CEO Steve Huffman is defending business decisions made by the company
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                to charge third-party apps.
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                The Cybersecurity and Infrastructure Security Agency
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                 has confirmed
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                that “several” U.S. government agencies have experienced intrusions related to the exploitation of a vulnerability in MOVEit Transfer
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                .
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                And
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                Bill Gates
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               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
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                 met President Xi Jinping
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                on Friday in Beijing, according to China’s state media. An official reason for the meeting has yet to be announced.
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               More top stories
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                 Get your vegan ice cream — in Singapore:
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               <span style="font-weight: 400">
                Natasha writes about
               </span>
               <span style="font-weight: 400">
                Finnish startup Solar Foods’ alternative protein, Solein, that has been blended into a custom (vegan) chocolate gelato at a restaurant in Singapore. It’s not your average scoop, she says.
               </span>
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                <b>
                 Robot green light:
                </b>
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                The U.K.’s antitrust regulator has approved Amazon’s proposed billion-dollar iRobot acquisition, Paul writes, concluding that the deal “would not lead to competition concerns in the U.K.”
               </span>
              </p>
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               <strong>
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                 Layoffs at Tada:
                </a>
               </strong>
               <span style="font-weight: 400">
                Kate writes that Seoul-based, ride-hailing platform Tada plans to let go of a portion of the company’s employees as part of a restructuring as it works to reduce costs.
               </span>
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <b>
                 LockBit cyberattack:
                </b>
               </a>
               <span style="font-weight: 400">
                The Justice Department has arrested and charged a Russian national for his alleged role in multiple LockBit ransomware attacks against victims in the U.S. and around the world. Yesterday, Jagmeet wrote that the Russia-linked ransomware group has
               </span>
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <b>
                 claimed responsibility
                </b>
               </a>
               <span style="font-weight: 400">
                for a cyberattack on Indian pharmaceutical giant Granules India and published portions of the data it allegedly stole.
               </span>
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <b>
                 Musk in Paris:
                </b>
               </a>
               <span style="font-weight: 400">
                Ingrid and Mike were at VivaTech in Paris today listening to Elon Musk talk about … everything, it seems.
               </span>
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <b>
                 Smart security?
                </b>
               </a>
               <span style="font-weight: 400">
                Zack writes that U.S. power and electronics giant Eaton has fixed a security vulnerability that allowed a security researcher to remotely access thousands of smart security alarm systems.
               </span>
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               <span style="font-weight: 400">
                On TC+,
               </span>
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <b>
                 Dom writes
                </b>
               </a>
               <span style="font-weight: 400">
                that Mistral AI’s mega fundraise is a red flag for many concerned about inclusivity.
               </span>
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               <span style="font-weight: 400">
                And in the latest
               </span>
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <b>
                 Pitch Deck Teardown
                </b>
               </a>
               <span style="font-weight: 400">
                on TC+, Haje takes a look at the one Netmaker used to secure its $2.3 million round. Want to submit your own deck?
               </span>
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <b>
                 Here’s how
                </b>
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                .
               </span>
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              <h2 style="text-align: left; font-size: 25px; color: #777; margin: 0;">
               <a style="color: #777; text-decoration: none" target="_blank">
                Ready to pimp your applications with an AI agent?
               </a>
              </h2>
              <h3 style="margin: 0; margin-top: 6px; margin-bottom: 8px; color: #14c435; font-family: Helvetica, Arial; font-size: 20px; font-weight: normal;">
               Sponsored by
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                DataStax
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              </h3>
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               <a style="font-family: Helvetica, Arial; text-align: left; text-decoration: none; color: #333; font-size: 19px; line-height: 27px; margin: 0; margin-bottom: 15px" target="_blank">
                Join Datastax on July 11 for a 2-hour virtual event to learn how to build the AI Agent application experience with an architecture built for generative AI at scale. Dive into the fascinating world of LLMs, plug-ins, AI agents, and so much more.
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              </p>
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               <a style="background: #777; color: white; padding: 12px 18px; text-decoration: none" target="_blank">
                Register Now
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               <a style="color: #14c435; text-decoration: none" target="_blank">
                The smaller VC boom and its impact on diverse investors and founders
               </a>
              </h2>
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                Can emerging managers do a better job of expanding access to capital than established VC firms?
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                Because many funds with less than $50M under management “are led by those from underrepresented backgrounds,” reports Dominic Madori-Davis, there’s “an opportunity for smaller fund managers to step in and back the founders being overlooked and ignored on a higher level.”
               </span>
              </p>
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               <span style="font-weight: 400">
                To learn more, she interviewed:
               </span>
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                <span style="font-weight: 400">
                 B. Pagles Minor, founder, DVRGNT Ventures
                </span>
               </li>
               <li style="font-weight: 400">
                <span style="font-weight: 400">
                 Ramzi Rafih, founder, No Label Ventures
                </span>
               </li>
               <li style="font-weight: 400">
                <span style="font-weight: 400">
                 Madeline Darcy, managing partner, Kaya Ventures
                </span>
               </li>
              </ul>
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                  TechCrunch+
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                 is our membership program that helps founders and startup teams get ahead of the pack.
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                  You can sign up here
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                 . Use code “DC” for a 15% discount on an annual subscription.
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                Read More
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           <img alt="The smaller VC boom and its impact on diverse investors and founders image" class="img-max" src="https://inboxflows.com/_/image/https%253A%252F%252Ftechcrunch.com%252Fwp-content%252Fuploads%252F2023%252F06%252FGettyImages-1250795451.jpg%253Fw%253D680/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0ZWNoY3J1bmNoLiJ9:1qAHVu:pXNx0hhEaM7U7c4PMWKBgHf9JSkeBsqUlNX1jqIIGHQ" style="display: block; font-family: sans-serif; font-size: 16px; color: #fff; height: auto;" width="600"/>
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            Image Credits: Aitor Diago / Getty Images
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