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<p style="margin-bottom: 1em; margin: 0;">
Welcome to
<strong>
TechCrunch AM!
</strong>
This morning, we’re looking at a new smartphone going up against Samsung and Apple; Cursor’s messy pricing change; and the LA VC firm backing Slate Auto. We’ve also got notes on fresh funds for clean energy and real estate tech; Bluesky’s updates; OpenAI’s paranoia; Marco Rubio’s AI imposter, and more. Let’s dive in!
</p>
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TechCrunch Top 3
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<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Ftechcrunch.com%252Fwp-content%252Fuploads%252F2025%252F07%252FNothing-Phone-3-feat.jpg%253Fresize%253D1200%252C782/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0ZWNoY3J1bmNoLiIsInRpbWUiOjE3NTE5ODcxODAuOTU4NTczOH0:1uZ9tk:yDDfBaeWPEEvLIaqvctfpg4X7rGlNGj1RuKYBG8Rj2M" style="display: block; height: auto; border: 0; width: 100%;" title="" width="598"/>
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<p style="margin-bottom: 1em; margin: 0;">
<strong>
Image Credits:
</strong>
Ivan Mehta / TechCrunch
</p>
</div>
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<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
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<p aria-level="1" style="margin: 0; margin-bottom: 16px;">
<strong>
1. Oh this phone? It’s Nothing:
</strong>
VC-backed hardware startup Nothing’s $799 Phone (3) hopes to compete with Samsung and Apple’s flagships. While its design has been controversial, its AI search features give the phone a functional feel, Ivan Mehta writes in his review of the Phone (3).
<a data-hs-link-id="1" data-hs-link-id-v2="SE7xG/Ub" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
<p aria-level="1" style="margin: 0; margin-bottom: 16px;">
<strong>
2. Mistakes happen:
</strong>
Cursor had to apologize for a poorly communicated change to its $20-per-month Pro AI-powered coding pricing plan. The changes resulted in users running out of requests quickly and facing unexpected additional costs.
<a data-hs-link-id="0" data-hs-link-id-v2="Udi/Z6c+" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
<p style="margin-bottom: 1em; margin: 0;">
<strong>
3. Back it up:
</strong>
Jeff Bezos isn’t the only one to invest in Slate Auto, the venture-backed startup promising a sub-$20,000 electric pickup. TechCrunch spoke to LA VC firm Slauson & Co. about why they invested in Slate, and why they still have faith in the company’s mission despite Trump-related headwinds.
<a data-hs-link-id="0" data-hs-link-id-v2="TLgrCsXl" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
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<strong>
A Message from Fidelity
</strong>
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It's not 2021 anymore. Understanding the 2025 VC landscape.
</span>
</a>
</h1>
</td>
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<a data-hs-link-id="2" data-hs-link-id-v2="3u9GQrXV" rel="noopener" style="text-decoration: none; color: #101112;" target="_blank">
The latest report from Fidelity Private Shares, Navigating the VC Playbook in 2025, breaks down where capital is flowing, why AI is skewing the data, and how M&A is becoming the top exit path. Whether you’re fundraising or planning ahead, this is a must read for growing companies.
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<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Ftechcrunch.com%252Fwp-content%252Fuploads%252F2023%252F12%252FArbor_OxiCombustion.jpg%253Fresize%253D1097%252C617/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0ZWNoY3J1bmNoLiIsInRpbWUiOjE3NTE5ODcxODAuOTU4NzY4MX0:1uZ9tk:nTBMsHYDEXyonk6mDsus3OTBHyd91b3VH1277_vzoJ8" style="display: block; height: auto; border: 0; width: 100%;" title="" width="598"/>
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<p style="margin-bottom: 1em; margin: 0;">
<strong>
Image Credits:
</strong>
Arbor Energy
</p>
</div>
</td>
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<p style="margin: 0; margin-bottom: 16px;">
<strong>
🚀 Rocket power!
</strong>
Frontier, backed by Stripe, Google and Meta, is paying Arbor Energy $41 million to build its first commercial-scale power plant that will burn waste biomass to generate electricity for a data center. The plan also involves removing 116,000 tons of carbon dioxide by the end of the decade.
<a data-hs-link-id="1" data-hs-link-id-v2="iTloDcAa" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🔥 Remember that time we split methane?
</strong>
In the early 2000s, engineers at Technit Group inadvertently managed to split methane into pure hydrogen and pure carbon – in essence, burning stuff without oxygen. Then they forgot about it. Twenty years later, that idea turned into hydrogen production startup Tulum, which just closed a $27 million seed round.
<a data-hs-link-id="0" data-hs-link-id-v2="oltEi1e0" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
💙 Custom blue:
</strong>
Bluesky has released three updates to make it easier for users to personalize notifications and reduce unnecessary alerts. You can now get activity notifications for certain accounts, and can even control which alerts you receive.
<a data-hs-link-id="0" data-hs-link-id-v2="JSsnyyWS" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🏠 Nm, just buying a house:
</strong>
UAE-based Huspy wants to change how people buy homes online. One of the largest proptechs in its home country, the startup has now expanded to Spain and closed a $59 million Series B led by Balderton Capital.
<strong>
</strong>
<a data-hs-link-id="0" data-hs-link-id-v2="4O6ojy8k" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
<p style="margin-bottom: 1em; margin: 0;">
<strong>
🔐 Gotta protect corporate secrets:
</strong>
After DeepSeek allegedly "improperly copied" OpenAI’s models, the ChatGPT maker has reportedly overhauled its security operations to protect against corporate espionage. Now, for example, only verified team members can access sensitive algorithms and new information.
<a data-hs-link-id="0" data-hs-link-id-v2="y8/tjBTJ" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
</div>
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</td>
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</td>
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<div class="spacer_block block-1" style="height:15px;line-height:15px;font-size:1px;">
</div>
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<a data-hs-link-id="0" data-hs-link-id-v2="smMvkIK/" rel="noopener" style="text-decoration: none; color: #0aa43e;" target="_blank">
<strong>
A Message from HSBC
</strong>
</a>
</p>
</div>
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-3" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
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<h1 style="margin: 0; color: #101112; direction: ltr; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 24px; font-weight: 700; letter-spacing: normal; line-height: 1.2; text-align: left; margin-top: 0; margin-bottom: 0; mso-line-height-alt: 29px;">
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The HSBC 2025 Fintech report is here
</span>
</a>
</h1>
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
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<div style="color:#101112;direction:ltr;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:16px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left;mso-line-height-alt:24px;">
<p style="margin-bottom: 1em; margin: 0;">
<a data-hs-link-id="2" data-hs-link-id-v2="43qa4RJ/" rel="noopener" style="text-decoration: none; color: #101112;" target="_blank">
Discover where Fintech is headed. Unpack key industry shifts and how they're shaping the global financial ecosystem.
</a>
</p>
</div>
</td>
</tr>
</tbody>
</table>
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<div align="left" class="alignment">
<a data-hs-link-id="3" data-hs-link-id-v2="QgoIhIVM" style="color:#ffffff;text-decoration:none;" target="_blank">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://www.hsbcinnovationbanking.com/us/en/resources/fintech-2025-horizons-report?cid=B:DISD:9138624175:9138552227&utm_medium=newsletter&utm_source=tc&utm_campaign=tc_daily_am" style="height:42px;width:215px;v-text-anchor:middle;" arcsize="0%" fillcolor="#0aa43e">
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<center dir="false" style="color:#ffffff;font-family:sans-serif;font-size:16px">
<![endif]-->
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<span style="word-break: break-word; line-height: 32px;">
Download the report
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</a>
</div>
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Around the Web
<br/>
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; background-color: #fafafa; border-bottom: 1px solid #0aa43e; border-left: 1px solid #0aa43e; border-radius: 0; border-right: 1px solid #0aa43e; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
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<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
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<div style="color:#000000;direction:ltr;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:16px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left;mso-line-height-alt:24px;">
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🥸 This is why we can’t have nice things:
</strong>
Reuters reports that a Russia-backed imposter used an AI-generated voice to impersonate Secretary of State Marco Rubio in exchanges with three foreign ministers and two U.S. politicians.
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<strong>
Read More
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</a>
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🛰️ Monopoly in the skies:
</strong>
The Musk Watch blog reports that leakage from SpaceX’s Starlink satellites is blocking astronomers’ radio signals from the telescopes they use to do their work. It’s a symptom of a larger problem — the impact commercial satellites can have on science.
<a data-hs-link-id="0" data-hs-link-id-v2="NxSwq8M0" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
<p style="margin-bottom: 1em; margin: 0;">
<strong>
🫧 Viral soap:
</strong>
The Wall Street Journal takes a good look at how Unilever is combining AI with influencer marketing to make products like Dove soap go viral on social media. The company is essentially using AI to deploy thousands of creative “assets” across brands to influencers.
<a data-hs-link-id="0" data-hs-link-id-v2="FHgG8VhA" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
Read More
</strong>
</a>
</p>
</div>
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</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; border-radius: 0; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
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<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; vertical-align: top;" width="100%">
<div class="spacer_block block-1" style="height:20px;line-height:20px;font-size:1px;">
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<td class="pad" style="padding-bottom:15px;padding-left:30px;padding-right:10px;padding-top:15px;text-align:center;width:100%;">
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<span class="tinyMce-placeholder" style="word-break: break-word;">
Before You Go
</span>
</h1>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-15" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; background-color: #fafafa; border-bottom: 1px solid #02BD6F; border-left: 1px solid #02BD6F; border-radius: 0; border-right: 1px solid #02BD6F; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; padding-bottom: 5px; vertical-align: top;" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
<tbody>
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<td class="pad" style="padding-bottom:10px;padding-left:30px;padding-right:20px;padding-top:10px;">
<div style="color:#101112;direction:ltr;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:16px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left;mso-line-height-alt:24px;">
<p style="margin-bottom: 1em; margin: 0;">
<strong>
📚 Study party:
</strong>
Some ChatGPT subscribers are seeing a new drop-down feature called “Study Together.” Apparently, rather than providing answers, the feature makes ChatGPT ask more questions and requires the user to answer.
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<strong>
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Software Engineer, Revive Health (Boston, MA)
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IT Finance Assistant, Pennsylvania Turnpike Commission (Middletown, PA)
</a>
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<p style="margin: 0; margin-bottom: 16px;">
<a data-hs-link-id="0" data-hs-link-id-v2="Bstw5dTv" rel="noopener" style="text-decoration: none; color: #101112;" target="_blank">
Technical Business Systems Analyst, Air Line Pilots Association (Tysons, VA)
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Partnerships Manager, Clearscope (Remote)
</a>
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Sr. IT Security Engineer - Computing Services, Carnegie Mellon University (Pittsburgh, PA)
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<p style="margin: 0; margin-bottom: 16px;">
<a data-hs-link-id="0" data-hs-link-id-v2="lf14SeG2" rel="noopener" style="text-decoration: underline; color: #0aa43e;" target="_blank">
<strong>
See more jobs on CrunchBoard
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<strong>
<a data-hs-link-id="1" data-hs-link-id-v2="R7Jbebju" rel="noopener" style="text-decoration: underline; color: #0aa43e;" target="_blank">
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and reach millions of TechCrunch readers for only $349 per month.
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