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Former Caribou founder launches Further, a fintech that’s focused on helping people buy homes

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Further, startups, venture capital, fintech

Buying a home has always been complicated. You have to figure out how much money to put down and how that down payment will affect a monthly mortgage bill. Then there are the closing costs and fees. Kevin Bennett launched Further to try to help make the financial process easier to navigate — especially for first-time buyers.

Further is a fintech platform that walks users through the financial side of home buying. The company’s first product, which goes live Friday, is a calculator that shows what people can afford and what their monthly mortgage payments and closing costs could look like, among other metrics based on real-time interest rates.

Unlike other mortgage calculators that you can find on Zillow and LendingTree, Further looks to give users more than the numbers. It tells users how easy it will be for them to find a loan based on their financial status, whether they should wait to buy, or if they should pursue specific types of loans based on their financial profile, among others.

The platform is currently free to use. The company plans to monetize once it releases more product developments but declined to share details.

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“A generation ago, our parents bought a $200,000 home with a 20% mortgage, and it was very straightforward,” Bennett said. “There was one kind of mortgage, and that’s what you did and it’s just more complicated. There are lots of kinds of mortgages. There are lots of implications. Homes are much more expensive now, so there’s just a lot more complexity, and it’s a much bigger financial decision.”

Last year Bennett found himself looking for something new to work on after stepping back from Caribou, the auto loan refinancing startup he co-founded in 2016 and where he served as CEO. He knew he wanted to do something else mission-oriented but wasn’t sure where.

He started looking into real estate, a category he said he’s always been fascinated with. The fact that his whole family works in real estate helped, too. He started talking to folks who had purchased their home within the last two years and found a lot of common pain points: People didn’t understand the process and were relying on homemade spreadsheets to try to figure out what they could afford.

Bennett also had a personal experience: He bought and sold a townhouse in his 20s and was surprised to find out he endured a $30,000 loss, despite selling the home for the original purchase price. That’s because he missed out on certain home improvements that could’ve increased the house’s value.

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“You can’t hit the undo button once you buy that house,” Bennett said. “It felt like there was a gap in the market. It felt like it was a lot more complicated than it was a generation ago.”

He reached out to his friend Chris Baker, a real estate expert, and former head of product at EasyKnock, about his idea last year. The pair got to work fast. Their first conversation was November 3, 2023. They decided to work together in January, launched the product in April, and raised an undisclosed pre-seed round in June. Now, they are coming out of stealth.

“Our goal is to take care of the complicated jargon and stuff and really help you understand as easily as possible what it is you need to know, with transparency, obviously, but also putting you in the driver’s seat and in control,” he said.

The company’s previously undisclosed pre-seed round raised $4.1 million from investors including Link Ventures, Vesta Ventures, and Fidi Ventures, among others. Bennett said that fundraising wasn’t too challenging, as half of the capital the company raised was from investors who backed him while he was at Caribou. Bennett thinks his track record as a founder made a big difference. The company built its cap table intentionally to include angel investors who have experience in the real estate market, he said.

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This kind of financial information and guidance seems like something a Zillow or Redfin would be ripe to copy especially considering Zillow already offers a mortgage calculator and some advice of its own. But Bennett said he wasn’t super concerned about the competition. He said he thinks that many companies either fall on the proptech side or the fintech side and rarely in the middle, as Further does, which gives it more of a moat.

But Further is definitely not the only company that sits between proptech and fintech that is aimed at consumers. Online mortgage startup Better.com, which allows consumers to browse for mortgage options or refinance an existing one, is a good example.

It will likely depend on what Further unveils in its planned Q1 product release that will include more features and capabilities, but Bennett didn’t share too many details just yet. For now, users can use Further to get an idea of what they can afford and what they can expect to pay when buying a house.

“My hope is that we can enable people with the right insights and information to make good decisions and plan for this really big part of their life in a way that gives them confidence, puts them at ease and and lets them focus on, you know, what they really want to focus on, which is kind of that that dream of being a homeowner,” Bennett said.

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Meta’s new OS update for Quest includes a redesign and train mode

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Meta’s new OS update for Quest includes a redesign and train mode

Meta is introducing some big changes with its Quest v71 update, including a redesign of Meta Horizon OS, a calendar app, and the ability to use Travel Mode on a train. The update will start rolling out gradually next week.

Let’s start with the redesign. Meta says that it’s “tweaking the look and feel of Horizon OS” and that new headsets will use an “improved” light theme by default. (Dark mode fans, fear not: the dark theme is still present, and if you’re already using it, Meta won’t switch you over automatically.) Meta has “also made assorted changes to the way panels look and behave, where the control bar resides, the colors of various UI elements, and so on,” according to a blog post. And the Settings menu has “a new look and layout” and improved search.

An image of the updated settings menu.
Image: Meta

The calendar app looks like, well, a calendar app, and based on a brief video, it appears you’ll be able to look through different days while you’re in VR. Meta says the app can integrate with Google and Outlook calendars and will also include Meta Horizon Worlds events you subscribe to and meetings you’re invited to that take place in Meta Horizon Workrooms.

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With the update to Travel Mode, you’ll be able to use the feature when on trains. Meta first introduced the feature in May, but at the time, it was only available to use on airplanes. Note that when in Travel Mode, you can’t use the Quest Pro or Touch Plus controllers, so some games might be difficult to play. Instead, Travel Mode is probably better suited for watching a movie or TV show while in transit. (Meta also explicitly says that you should not use travel mode in a car.)

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Between Perplexity’s new macOS app and ChatGPT’s search launch, conversational search just got a lot more fun

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Perplexity AI

The AI-powered search game is heating up, with OpenAI adding search capabilities to ChatGPT just yesterday, and Perplexity launching a macOS desktop app a week ago. Perplexity could be considered a leader in AI-powered search right now, and now Mac users can quickly use Perplexity’s advanced search engine right from their desktop without having to access it through a web browser.

If you’re not familiar with Perplexity, it’s a conversational search engine that launched the same year as ChatGPT. It allows you to ask questions and make queries using natural language (like how we communicate with each other in real life). Similar to ChatGPT, there are two tiers for users – a free ‘Standard’ tier which allows you to make unlimited ‘Quick’ searches, ideal for those seeking quick, basic answers produced by the Standard Perplexity AI Model (plus five free Pro tier searches a day), and the ‘Pro’ tier which includes Quick searches as well as 600 Pro searches a day.

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Dominion is discussing small nuclear reactors with other tech companies

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Dominion is discussing small nuclear reactors with other tech companies


The Dominion coal burning power plant is seen in Saint Paul, Virginia on Tuesday, February 7, 2023. Community leaders in Southwestern Virginia are giving serious consideration to the idea of utilizing formerly mined coal sites to house small modular nuclear reactors.

Mike Belleme | The Washington Post | Getty Images

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Dominion Energy is talking with other tech companies about developing small modular nuclear reactors, after the Virginia utility entered into an agreement with Amazon last month to look at advancing the next generation technology .

“It’s very encouraging to see large power users, including technology companies, express a willingness to invest, partner and collaborate to bring this exciting base load carbon free technology into fruition,” Dominion CEO Robert Blue told investors on the company’s third-quarter earnings call Friday.

Dominion and Amazon have signed a memorandum of understanding to explore developing a small modular reactor near the utility’s North Anna nuclear station in Louisa County, Virginia. The small reactor would bring 300 megawatts of power to Virginia.

Virginia is one of the most nuclear friendly states in the nation with strong bipartisan support for next-generation nuclear initiatives, Blue said.

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“It’s not surprising that our large customers would be interested as they think about us as a good operator of nuclear, to work together on maybe advancing those kinds of technologies,” the CEO told investors.

“So we’ve been talking with Amazon obviously and others,” the CEO said.

Tech companies are investing in nuclear power as they hunt for carbon-free, reliable electricity to support the growing energy needs of artificial intelligence data centers. Dominion serves the largest data center market in the world, northern Virginia.

Earlier this year, Amazon bought a data center campus from Talen Energy that will be powered by the Susquehanna nuclear plant in Pennsylvania. Microsoft has signed an agreement to purchase power from Three Mile Island as Constellation Energy aims to restart the plant in 2028. And Alphabet‘s Google agreed last month to purchase power from the startup Kairos Power, a developer of small modular reactors.

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Small modular reactors promise to reduce capital costs and speed the deployment of nuclear plants. They have a smaller footprint than large reactors, making them easier to site in principle, and promise a simpler manufacturing process.

But the technology has struggled to reach the commercial stage. There is no operating small modular reactor in the U.S. right now.



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Play this underrated Marvel game for free with Prime Gaming

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Play this underrated Marvel game for free with Prime Gaming
Gamora, Groot, Starlord, Rocket Raccoon, and Drax standing ready to fight. Groot is holding a blue llama.
Eidos-Montreal

Amazon Prime Gaming has 24 games up for grabs for members during November, and many are worth your time. But you’ll want to check out the first game on the list, which is now available for free.

Marvel’s Guardians of the Galaxy, developed by Eidos-Montreal, was vastly underrated when it came out in 2021. While it was critically acclaimed, with one of the best superhero narratives we’ve seen outside of the PlayStation Spider-Man games and an excellent 1980s-inspired soundtrack, then parent company Square Enix said it “undershot” expectations. Whether it was due to poor marketing, comparisons to the poorly received live-service game Marvel’s Avengers (also published by Square Enix) from the previous year, or something else entirely, it flew under the radar.

It did manage to eventually surpass 8 million players, according to Crystal Dynamics, thanks to it entering PlayStation Plus and Xbox Game Pass catalogs. Now, you have the chance to get it with another deal through Prime Gaming. At the very least, you should check it out because it has Cosmo, who is the fan-favorite talking dog, and also a llama for some reason.

There are other great games you can grab as well, including Dishonored: Definitive Edition on November 7,  Tomb Raider: Anniversary on November 14, ridiculous couch co-op game Overcooked: Gourmet Edition on November 21, and the space MMO Elite Dangerous on November 27.

You can check out the full list of games below. Be sure to double-check the platform, as some are for GOG, while others are for the Epic Games Store or the Amazon Games App. And as a reminder, you’re automatically a Prime Gaming member if you subscribe to Amazon Prime.

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November 1

  • Marvel’s Guardians of the Galaxy (Epic Games Store)
  • Mafia: Definitive Edition (GOG)

November 7

  • Dishonored: Definitive Edition (GOG)
  • Duck Paradox (GOG)
  • Close To The Sun (GOG)
  • Disney Pixar Cars (Amazon Games App)
  • Bang Bang Racing (Amazon Games App)
  • Snakebird Complete (Epic Games Store)

November 14

  • Ms. Holmes: The Case of the Dancing Men (Amazon Games App)
  • Chasm: The Rift (GOG)
  • House of Golf 2 (Epic Games Store)
  • Tomb Raider: Anniversary (GOG)
  • Blade of Darkness (GOG)

November 21

  • Max: The Curse of Brotherhood (Amazon Games App)
  • Overcooked: Gourmet Edition (GOG)
  • Gloomy Tales: One-Way Ticket (Legacy game code)
  • Super Meat Boy (Epic Games Store)
  • Moonscars (GOG)
  • Riot: Civil Unrest (GOG)

November 27

  • Elite Dangerous (Epic Games Store)
  • Sir Whoopa**: Immortal Death (GOG)
  • Jurassic World Evolution (Epic Games Store)
  • Mystery Case Files: The Dalimar Legacy (Amazon Games App)
  • Shogun Showdown (GOG)






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TIDAL could lay off a quarter of its current staff

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TIDAL could lay off a quarter of its current staff

TIDAL, the high-definition music streaming platform, is not having the best of times. The company has already made layoffs, and its management has been mulling a potential restructuring to get back on track to profitability. Now, a report claims that an upcoming round of layoffs will affect around a quarter of the current TIDAL staff.

Competition in the music streaming service segment has become quite fierce. Other platforms have been getting more and more features and a growing catalog of songs. TIDAL’s main selling point over the others has always been Hi-Fi audio. While rival services were betting on formats with quality compression, TIDAL offered premium plans with lossless music.

TIDAL could get rid of a quarter of its staff in new round of layoffs

However, the arrival of high-quality audio plans at rival services probably led a percentage of TIDAL users to consider switching. While the latter’s Hi-Fi quality typically offers a higher bit rate than its rivals, only a specific niche of users truly value this feature. It even requires using earbuds or headphones of a certain range to enjoy it.

In December 2023, the company shed around 10% of its workforce. Now, according to Fortune, an upcoming round of layoffs will impact around a quarter of TIDAL’s workforce. The source says they gained access to a memo from Jack Dorsey, the CEO of Block Block Head (Tidal’s parent company). “We’re reducing the size of our design team and foundational roles supporting TIDAL, and we will consider reducing engineering over the next few weeks as we have more clarity around leadership going forward,” the memo said, according to Fortune.

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In this round of layoffs, around 100 employees could leave the company. In July of this year, Dorsey was reportedly considering restructuring TIDAL. The staff reduction could align with this plan. TIDAL is not the only tech company to have made massive layoffs recently. Others, like DropBox and even Meta, have had to do the same.

Recent moves to make TIDAL more attractive

Earlier this year, in a move to become more competitive in the market, TIDAL bundled its Hi-Fi plans. Priced at $10.99, the new premium subscription undercuts the previous, more expensive one. The company has also made moves to solidify its position as a streaming service focused on Hi-Fi audio. The list includes setting FLAC as the default format and adding Dolby Atmos support.

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Polestar delivers the first US-made Polestar 3 EVs

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Polestar delivers the first US-made Polestar 3 EVs

The first American-made Polestar EVs are now on the road. The Swedish automaker said on Friday it delivered the first Polestar 3 SUVs to US and Canadian customers. The Inflation Reduction Act, signed by President Biden in 2022, incentivizes automakers to manufacture EVs in the US, offering tax credits for companies and buyers.

Polestar began stateside Polestar 3 production in August at its Ridgeville, South Carolina plant. Those vehicles will serve North American and European markets, complementing the company’s more established production in Chengdu, China.

The Polestar 3 electric SUV sitting by a lake.

Tim Stevens for Engadget

The automaker says American and Canadian Polestar 3 deliveries will pick up steam in the coming weeks. You can take one for a spin if you live near one of the automaker’s Polestar Spaces, essentially brand-building fancy showrooms in or near major US cities.

The Polestar 3 is billed as the company’s coming-out party, expanding the niche reach of the first two models to a more mainstream audience. Engadget’s Tim Stevens tested the EV last month and found that, apart from a few early software glitches, the $73,400 and up SUV is “great.”

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