Tech
EV startup Faraday Future paid $7.5M to company tied to founder Jia Yueting
Faraday Future paid around $7.5 million to a company controlled by its founder Jia Yueting in 2025, according to a new regulatory filing.
The long-struggling electric vehicle startup made the payments in a year when it delivered only four vehicles and lost nearly $400 million. The company has pivoted to selling cheaper vans and robots imported from China.
The payments happened while Faraday Future was still under investigation by the Securities and Exchange Commission (SEC), which was probing what are known as “related party transactions” between the company and entities related to or controlled by Jia, Faraday’s own filings have shown. The SEC was also investigating whether Faraday Future properly represented the level of control Jia had over the company when it went public in 2021, and whether it lied about early sales of its EVs in 2023.
The SEC dropped its four-year-long investigation in March, as TechCrunch first reported, despite having sent notices to Faraday Future, Jia, and other executives last year stating that investigators were recommending an enforcement action. The closure of the investigation comes amid a historic drop in white-collar crime enforcement during the second Trump administration.
The new transactions were revealed in Faraday Future’s annual proxy filing published on Thursday. It shows Faraday Future paid a mix of monthly $100,000 “consulting” fees, a $2 million “bonus payment,” and $1.7 million to repay loans from the company, which is called FF Global Partners LLC. The company did not explain the remaining $2.6 million in the filing.
Faraday Future it did not respond to a request for comment.
Faraday Future describes FF Global as an “affiliate” of Jia in the proxy filing, and in previous filings has said he exerts “significant influence” over the LLC. FF Global has five “voting managers,” one of whom is Jia, while the others include business associates and a family member — his nephew Jerry Wang.
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Wang, who is a president at Faraday Future, draws a six-figure salary from FF Global, according to the filing. So does his wife, who is the head of FF Global’s legal department. FF Global also has a similar “consulting agreement” with a crypto holding company run by Wang (and advised by Jia) called AIXC. (Wang’s wife’s law firm also consults for AIXC.)
FF Global is also a major shareholder of Faraday Future and — with Jia — controls almost every aspect of the EV company, to the point that Faraday labels this as a risk factor in its most recent annual filing.
“Jia and FF Global, over which Mr. Jia exercises significant influence, have control over our management, business and operations, and may use this control in ways that are not aligned with our business or financial objectives or strategies or that are otherwise inconsistent with our interests,” the company wrote earlier this year.
FF Global also helped bring Jia back to power after the company went public in 2021. Shortly after Faraday Future merged with a special purpose acquisition company, the new public company board of directors opened an investigation into Jia’s movement of money in and out of the company, and into the disclosures made during the merger process.
In early 2022, the board sidelined Jia, who has been blacklisted by China for financial fraud, after finding Faraday Future had misrepresented the level of control he had over the company. They then referred their findings to the SEC, which opened its investigation shortly after.
FF Global, meanwhile, spent all of 2022 agitating to replace certain board members with ones friendly to Jia. This campaign became so intense that multiple board members received death threats. Those board members ultimately resigned in part because they feared for their lives. Jia was re-installed as co-CEO last year, and is now Faraday Future’s sole CEO.
FF Global is not the only Jia-related company that Faraday Future has paid, or plans to pay, money to. The company stated in its proxy filing that it paid $700,000 to a loan company associated with him last year. It also owes $8.5 million to Leshi Information Technology Co. Ltd., one of the companies related to his failed Chinese tech conglomerate LeEco, for “advertising services.”
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Tech
With Dazzle, Marissa Mayer bets your camera roll has more info on your life than your inbox
When former Yahoo CEO Marissa Mayer earlier this month told me she was finally ready to unveil Dazzle, the personal AI assistant that raised an $8 million seed round last December, I couldn’t help but wonder if she’s playing copycat to Meta’s Muse, Instinct, and the flood of similar tools that have flooded the market over the past month.
But when Mayer finally gave me a demo, Dazzle proved it’s taking a different approach. Instead of building context about you from text-heavy apps like email, calendars and shopping histories, Dazzle’s AI assistant gets all its context from a single source: your camera roll.
“I think that photos are an underappreciated source of information,” Mayer said. “You’ll be surprised what we can learn about you and how good a job we can do with your photos.”
Mayer argues that if a photo is worth a thousand words, your camera roll is worth millions. By analyzing all the photos stored on your phone, Dazzle claims to understand your hobbies, interests, food and style preferences, how you like to spend their time, and with whom.
“We understand whether or not you like to ski, where your most recent trip was, what types of things your kids are into,” Mayer said.
It’s no surprise that Mayer has built an assistant centered around photos. Her previous startup, Sunshine, launched an AI-powered photo-sharing tool called Shine in 2024. While that product was widely criticized for its outdated design, failed to attract widespread usage, and eventually shut down, Mayer says it nevertheless built “interesting IP.”
I was eager to try Dazzle, which users can use through its app or via text. Dazzle splits its functionality into two core experiences. For immediate tasks, it can scan recent photos to pull details — like populating your calendar from an event flyer, or finding a repair-person after spotting a broken garage door in your camera roll.
Second, it mines your photo library to come up with personalized ideas for everything from holiday vacations to birthday gifts.

Given that plenty of tools can parse pictures — like looking up where to buy a product, or searching information on an interesting art piece — I was far more curious to test what Dazzle could learn from my photo history.
For instance, Mayer uses Dazzle to brainstorm family outings. By scanning her photos, she says, the assistant deduced that her family loves escape rooms, and subsequently suggested multiple SF Bay Area locations she’d never heard of.
When I tested Dazzle with a request for vacation recommendations, it suggested several Mediterranean spots, likely picking up on my past trips to Spain and Greece. But it also threw in Sicily, which surprised me since I was there four years ago. After some more tinkering, I noticed it has blind spots — it failed to remember my daughter already knows how to roller skate when I asked if I should buy her a pair for her next birthday.
Despite the hiccups, though, I appreciated Dazzle’s ideas for activities, like suggesting a local pottery studio down the street, or a bioluminescent kayak tour in Tomales Bay.
I’m sure the product will improve with time, and while I’m undecided on whether I’ll keep using it, I like that its suggestions feel more personal than what you’d get from a generic AI assistant that only knows your calendar.
In the meantime, Mayer contends that given security concerns with products like Instinct and Muse, users may feel more comfortable handing over their photo libraries to an AI instead of granting it access to sensitive data like emails and messages.
She emphasized that Dazzle prioritizes privacy, and discards any personal information the AI flags as sensitive.
This flurry of new AI assistants is an exciting time for consumers. And while Dazzle isn’t as broadly useful as other offerings quite yet, it offers a glimpse of a future in which AI can do more than just execute tasks; it actually knows who you are.
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Tech
Meta is expanding its AI agent Muse to small businesses
Meta announced on Tuesday that it’s expanding its AI agent Muse to small businesses and adding new integrations including Shopify, Dropbox, Slack, and more. The tech giant says the agent can help owners run their business and find new customers.
By plugging Muse into the software that small business owners are already using to manage sales, operations, and marketing, Meta is betting that an AI agent with context of a company’s whole operation will be more useful than a standalone chatbot, as it continues to compete against rivals like OpenAI and Google.
Muse can also link to Instagram professional account analytics, Facebook Pages, and Meta ad accounts. Meta says the AI agent also knows what a business sells, how a brand sounds, and what customers ask about most.
Additional integrations include Asana, Box, Canva, Figma, Granola, HighLevel, Intuit QuickBooks, Klaviyo, Lovable, Notion, Stripe, and Zoom.
Muse for Small Business is available for free with usage limits. Businesses that want more usage can purchase a subscription plan.

“Small businesses have been growing on our apps for nearly two decades,” Meta wrote in a blog post. “They told us they’re short on hours, not ideas. So we built Muse for Small Business to help get work done with the tools they already use.”
Meta has been focused on expanding its AI tools beyond the consumer and into the enterprise market. The launch of Muse for Small Business comes a day after Meta introduced “Meta Enterprise Platform,” a new initiative aimed at expanding the company’s AI offerings to businesses and corporate customers. The move could help Meta see a return on all the money it’s pouring into AI.
The tech giant hired Chirantan “CJ” Desai, the CEO of database software giant MongoDB, to lead the new initiative.
Meta says it will focus on bringing its full technology stack, including Muse, Meta Business Agent, Muse API, Muse Code, and more, to businesses and developers.
The rollout of Meta Enterprise Platform is built on the momentum of Muse, which launched earlier this month and topped the U.S. and Canada app charts ahead of ChatGPT.
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Tech
Still running iOS 26? Update your iPhones, iPads and Macs for this urgent security fix
Apple has fixed a security vulnerability in its iOS 26, iPadOS 26 and macOS 26 operating systems that the company says “may have been exploited” by hackers. The tech giant said the now-fixed bug could be used to launch “an extremely sophisticated attack against specific targeted individuals on versions of iOS before iOS 27.”
According to a listing on Apple’s security pages, the bug was found in the main graphics engine that powers the user interface and visuals on iPhones, iPads and Macs.
Meta’s product security team was credited with the discovery.
Details of the bug, officially classed as CVE-2026-86950, were not released, but a device’s graphics engine typically has broad access to the rest of the device’s operating system. A successful exploit could potentially allow a hacker to steal a broad range of personal data from an affected device.
When reached by TechCrunch, spokespeople for Apple and Meta did not provide comment about how the bug was discovered, or how many people had their devices hacked due to this vulnerability, if any. It’s also unclear who may be exploiting the bug, such as government spyware makers or cybercriminals.
While the bug affects Apple’s previous generation of operating systems, it remains in wide usage. Almost four-in-five of Apple’s iPhone owners are still running iOS 26, according to the company’s own statistics. Devices running the latest version, iOS 27, iPadOS 27, and macOS 27, released earlier this month, also received a software update on Tuesday, but are unaffected by the bug under attack.
A separate ‘zero-click’ bug now fixed
News of the security patch comes soon after Apple fixed another critical security bug, known as CVE-2026-86869, which could have allowed hackers to silently steal data from affected iPhones, iPads, or Macs.
Belgian cybersecurity research firm ironPeak published a detailed writeup last week explaining that the bug was a “zero-click” vulnerability that could be invisibly triggered via a maliciously crafted iMessage, without the user’s knowledge. Such bugs require no interaction from the victim, such as clicking a link, and are highly sought-after by surveillance vendors and spyware makers.
Per ironPeak’s post, the bug is capable of bypassing BlastDoor, a security feature that Apple implemented to prevent malicious code, like spyware, from escaping iMessage’s sandbox and hacking the user’s device.
Apple fixed the bug in September with the release of iOS 27, iPadOS 27, and macOS 27, and credited ironPeak’s Niels Hofmans with the discovery, alongside security researchers at Meta who confirmed their findings in a post on X.
It’s not yet known if this bug had been used in cyberattacks before it was fixed.
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