TechCrunch Top 3

Plex urges users to change passwords after data breach: Customers are urged to take action after a database containing scrambled passwords and authentication information was compromised. Read More

Nepal reverses social media ban as protests turn deadly: Nepal has reversed its social media ban following nationwide "Gen Z" protests and public backlash. Read More

OpenAI denies that it's weighing a 'last-ditch' California exit amid regulatory pressure over its restructuring: OpenAI executives are discussing a potential relocation out of California as increasing political resistance threatens the company's efforts to convert from nonprofit to for-profit status, according to The WSJ, but the company says it has no plans to leave. Read More

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Morning Must-Reads

Sam Altman says that bots are making social media feel 'fake' : After watching Reddit's OpenAI and Anthropic communities, Sam Altman thinks social media cannot be trusted. And bots are to blame. Read More

Intel's chief executive of products departs among other leadership changes: Intel also announced the creation of a central engineering group that will build custom chips for outside customers. Read More

ReOrbit lands record funding to take on Musk's Starlink from Europe: Finnish startup ReOrbit, has raised a record €45 million Series A for the country to offer "sovereign" satellites. Read More

Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed: The 13-year-old company could be valued up to $6.5, with Lightspeed's stake worth $1.1 billion. Read More

Nuclearn gets $10.5M to help the nuclear industry embrace AI: Nuclearn has developed AI tools to help reactor operators automate routine paperwork. "Think of it as the junior employee," the company tells customers. Read More

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Last but Not Least

Snap breaks into 'startup squads' as ad revenue stalls: CEO Evan Spiegel just announced the company is restructuring around small "startup squads" of 10 to 15 people to regain agility against larger competitors. Read More