• Get Free Skins in the Call of Duty Squid Game Crossover Live Now
    www.cnet.com
    Initially released in September 2021, the first season of the dystopian Netflix show Squid Game took the world by storm with a narrative featuring marginalized people fighting tooth and nail for survival for the entertainment of the rich and powerful.Naturally, this means the hit show is now featured in a crossover event with Call of Duty to celebrate the release of its second season.The Call of Duty Squid Game event kicks off on Jan. 3, 2025. While the update introduces new game modes for Black Ops 6 and Warzone, it also emphasizes monetizing content more than ever, featuring a new premium event rewards track, according to the official blog post.Here's everything you need to know about the Call of Duty Squid Game update, including when it comes out, what extras you can earn for free and which ones you'll need to pay for.When is Call of Duty Squid Game's release date and time in Black Ops 6? The new update includes skins for Squid Game guards and players alike. ActivisionThe Call of Duty Squid Game crossover islive now across all platforms. Players who have downloaded the new patch can jump into the new limited time modes and start progressing the event pass right away.The brand new Squid Game content drop launched simultaneously across Black Ops 6 and Warzone on Friday, Jan. 3. Here's when you're able to jump into the new limited-time modes (LTMs) in your time zone:Eastern Standard Time: Jan. 3, 2025 at 12 p.m.Central Standard Time: Jan. 3, 2025 at 11 a.m.Mountain Time: Jan. 3, 2025 at 10 a.m.Pacific Time: Jan. 3, 2025 at 9 a.m.PC players are able to preload new Black Ops 6 and Warzone updates ahead of time, while console players only have access to the newest patch several hours before it hits the live servers. This is the norm for Call of Duty HQ launcher's updates.Free Squid Game operator skin for everyoneThe new Squid Game crossover includes new operator skins, emblems, calling cards and more for players to earn -- and every single Black Ops 6 and Warzone player will be able to get a new operator skin without lifting a finger (or opening their wallet).The first time you open Black Ops 6 during the Squid Game crossover, you'll earn the Player 006 operator skin for Niran, which can be used in multiplayer, zombies or Warzone modes.Free rewards -- and a premium event pass This update brings a new mini battle pass to the Squid Game event. ActivisionThe new event launches with unlockable rewards -- mostly calling cards, emblems and a smattering ofdouble XP tokens-- culminating in anew weapon unlock. In this way, it is not unlike previous Black Ops 6 events.Ironically enough though, it's the Squid Game event that introduces a new way to siphon cash out of your wallet with a new premium event pass.If you want to earn the new weapon blueprints and the Front Man operator skin, you'll have to buy the new event pass -- think of it as an additional, smaller battle pass to complete that doesn't encompass an entire season.If we're unlucky enough thatextra battle passesbecome the norm, any player that cares about collecting the items from every event will need to cough up more cash for battle passes (and probably need to enter the Squid Game themselves to afford it).Squid Game LTMs bring the games to lifeNew limited-time modes for multiplayer, zombies and Warzone aim to bring the Squid Game thrill to Call of Duty, capturing the mixed feeling of childlike fun with imminent doom. These game modes are based around some of the most iconic in-show games from the Netflix series.Multiplayer There's some element of "red light, green light" in most of the LTMs. ActivisionThere are three Squid Game playlists coming to Black Ops 6 multiplayer: red light, green light, pentathlon and Squid Game moshpit.Red light, green light takes place in the Red Card stadium (finally, that wide open space is good for something) where players will play three rounds of the popular children's game.Each round is two minutes long. In the first round, no weapons are on the field -- but in rounds two and three, players will fight with melee weapons and finishing moves when Young-hee calls out "green light," drastically raising the stakes in this free-for-all.Pentathlon is an homage to a game from the newest season of Squid Game, but it's a fairly straightforward multiplayer playlist. It includes Domination, Kill Confirmed and Hardpoint game modes, as well as two new Squid Game-inspired modes.Piggy Bank Team Deathmatch is a mode that adds extra points to a piggy bank for every kill made during a match. At a certain point during the fight, the piggy bank will become accessible to all players, and the teams will have to fight to claim the extra points.Roulette is a new game mode that emulates One in the Chamber -- with a twist. As you eliminate enemies with your "one shot, one kill" pistol, there's a chance that it blows up in your hands, eliminating you as well.The final LTM is the Squid Game moshpit, which adds the piggy bank and the Roulette handgun into normal Team Deathmatch, Domination and Hardpoint modes. An additional feature unique to the moshpit playlist is the red light, green light scorestreak, which forces the enemy team to stop moving or face elimination.Zombies Dead Light, Green Light will force players to spend their points as soon as possible, rather than save them up for massive purchases later. ActivisionThe new Dead Light, Green Light LTM is available on Liberty Falls and Citadelle des Morts. The good news is that moving around during a red light won't get you shot by an armed guard. The bad news is that it'll completely ruin your points economy.That's because the entire premise of the zombies LTM hinges on giving and taking away your ability to buy armor, weapons and perks if you violate the principle of the game. During Young-hee's "green light" phase, players will earn double points, helping them run around the map and make necessary purchases much more efficiently.The "red light" phase threatens to punish players for not spending enough, as movement during this time gradually depletes accumulated points. Frankly, if you're not moving, you're probably getting nibbled on by the undead -- so it's important to spend points while you have the green light.The final twist is the special "dead light" call out, which signals that you're about to get jumped by a really nasty, ravenous horde. This is where the bigger, meaner enemies like the Abominations and the Amalgams come out, so you'll want to adequately prepare for a tough fight.Warzone Squid Game actually makes a lot of sense for a game like Call of Duty Warzone. ActivisionSquid Game is perfectly positioned for a battle royale, and Warzone is taking full advantage of that by transforming Urzikstan into an arena for a rotating set of themed challenges. As each round concludes, the worst performing squads will be eliminated, taking you a little bit closer to victory.The Warzone mode can also be interrupted by red light, green light -- meaning players can get stuck in a precarious position on the map at just about any time if they don't play strategically.New Squid Game tracer packs in the shop ActivisionIn addition to the premium event pass, three new Squid Game-themed microtransactions are being added to the Call of Duty store.The Pink Guards Tracer Pack includes the Masked Manager, Masked Soldier and Masked Worker operator skins, the Game Guard SMG blueprint, the Rule Master assault rifle blueprint and an assortment of emblems, reticles, weapon charms and calling cards. ActivisionThe VIPs Tracer Pack includes the Panther Mask VIP and Lion Mask VIP operator skins, the Choicest launcher blueprint, the Lacquered sniper rifle blueprint, the Satin Slayer SMG blueprint, the Death Plated frag grenade skin and an assortment of goodies including a finishing move, emblem, calling card and loading screen. This is by far the goofiest tracer pack in the content drop, but I'm sure it'll stop some people dead in their tracks. ActivisionFinally, there's the Young-hee Tracer Pack -- yes, you can play as the creepy "red light, green light" girl herself. In addition to the new operator skin, the bundle includes the Don't Move assault rifle blueprint, The Curator marksman rifle blueprint and a host of other odds and ends including a new finishing move, emblem, decal, spray, calling card and emote. Watch this: Everything We Expect in Gaming in 2025 05:01
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  • Pokmon Go's monthly Community Day ticket doubles in price
    www.eurogamer.net
    Pokmon Go's monthly Community Day ticket doubles in priceRaid your coffers.Image credit: Niantic News by Tom Phillips Editor-in-Chief Published on Jan. 3, 2025 Pokmon Go begins 2025 with a January Community Day for grass cat creature Sprigatito, and a price hike for the monthly event's regular optional ticket. Previously priced at 99p, $0.99 or 0.99, the ticket will now cost 1.99, $1.99 or 2.19.Off-setting the ticket now doubling in price is the addition of a single Premium Battle Pass to its included rewards. Individually these in-game items do cost 1, making up the difference, but Battle Passes are also always available at better prices, discounted in bundles, and two passes are being offered for free each day anyway during the game's current season.The full list of other rewards available in the revamped ticket is yet to be determined, and will only be discovered after the first players buy the ticket and find out for themselves when the January Community Day event begins in Australia Pacific timezones.Pokmon Go's Community Day is a monthly event where one creature is spotlighted, and made widely available to catch - typically for the first time - in its coveted Shiny form. It's a hugely popular recurring in-game event, and is seen by players as the regular day each month to meet up with others who play.But recent months have also seen an end to the Community Day ticket's usual mini stories, where Pokmon Go's hunky Professor Willow previously popped up to tell players about each featured Pokmon. Fans have lamented the removal of these stories as a further loss of value to the ticket price overall.Lastly, it's worth noting that the monthly ticket is no longer granted free to players who check-in at local events via a Niantic-approved community ambassador.Other changes to Community Day gameplay have also taken place. Monthly events no longer feature raids after the event's three-hour window expires to extend the event for longer - a compromise added after Community Day's lockdown-era six-hour extended duration reverted back to its original three-hour length, something that sparked something of a backlash among fans. One new Community Day feature has been added, though - a timed research that rewards a week of further encounters with the Community Day Pokmon with a seasonal background, if you continue to log in and play each day over the following week.Community Day events first began back in January 2018, and have run every month (except for March 2020) ever since. Eurogamer's Community Day guide has the full list if you're ever looking to see what you missed.
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  • Atari's striking new Gamestation Go handheld features some really unusual hardware features
    www.eurogamer.net
    Atari's striking new Gamestation Go handheld features some really unusual hardware featuresRetro station.Image credit: Atari News by Vikki Blake Contributor Published on Jan. 3, 2025 Atari has shared a sneak peek at its upcoming "iconic" handheld console, Gamestation Go.Whilst the company has given very little in terms of detail, it does reveal the handheld's final look with the accompanying text: "An icon, reimagined".Atari 50: Expanded Edition Out Now!Watch on YouTubeThe teaser shows off the console's button layout, and it all looks very much what you'd expect from a handheld console released in 2025. But it also confirms the system will come with both a paddle and a Trak-Ball, plus a number keypad on the right-hand side.Check out the video below for more: To see this content please enable targeting cookies.That's it, though - we don't get a release date or anything else concrete, but with CES 2025 just around the corner commencing 7th January, hopefully we'll discover some of the finer details next week.On the plus side, we also had a cheeky glimpse of My Arcade, which will hopefully include some Intellivision goodies after Atari purchased the brand last year, ending what Atari claims to be the "longest-running console war in history".Atari's home consoles went head-to-head with Mattel's Intellivision in the late 1970s and 1980s, long before Nintendo and Sega competed in the 1990s. Intellivision even enlisted actor George Plimpton for an infamous series of adverts comparing the two consoles.
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  • Fortnite player shocks entire community with Squid Game level debt
    www.videogamer.com
    You can trust VideoGamer. Our team of gaming experts spend hours testing and reviewing the latest games, to ensure you're reading the most comprehensive guide possible. Rest assured, all imagery and advice is unique and original. Check out how we test and review games hereFortnite players have consistently discovered a plethora of exploits, cheats, and bugs, all in pursuit of that elusive competitive advantage. The gaming community has uncovered everything from hidden glitches that provide substantial XP gains to inventive methods for snagging free skins.These exploits frequently make waves in the gaming community, quickly circulating as players rush to capitalize on them before Epic Games rolls out a fix. While certain tricks can be seen as harmless fun, others venture into ethically questionable territory, igniting discussions about fairness and integrity within the gaming community. Yet, not every exploit ends in a win.A jaw-dropping moment rocked the Fortnite community as a player stumbled upon a bug that spiraled out of control, leading them into a staggering amount of virtual debt that could easily compete with the participants seen in Squid Game.Fortnite player shocks everyone with staggering XP debt in Chapter 6A Fortnite player named NicoManSVK shared three images on Reddit where they showed the XP and level progression bar visible on the top-right of their profile. But what was shocking to see was that the XP value written right next to their next level was in negative numbers.A Fortnite player ended up with negative XP values on their account. Image by NicoManSVK.The first image showed -500 XP to Level 2, the second image showed -44,000 to Level 2 and the final image showed -101,000 XP to Level 2. This resulted in the player sharing this instance under a Bug tag on the FortniteBR subreddit where others exclaimed that Epic really doesnt want the user to level up.Others shared that they are in a debt as high as Gi-Hun from the hit TV show Squid Game. A player wrote, Seems hell be stuck on that creative map octo game', implying that the user would have to play the Squid Game within Fortnite to earn enough XP to reclaim their debt.Similarly, other users who are already Level 200 and higher offered to lend some of the XP to make the users debt go away so they can level up to Level 2 and progress further in the game.However, one user who faced a similar issue commented, For anyone wondering, I was getting battle pass rewards, the XP bar and level was bugged. After every match, the XP bar was showing zero again. I had this bug for a few matches.After this was shared, many other users also shared reports of similar bugs faced by them during their Chapter 6 gameplay. While Epic is currently on Winter Break, the next Fortnite update will arrive on January 14, so players are hoping this bug receives a potential fix. FortnitePlatform(s):Android, iOS, macOS, Nintendo Switch, PC, PlayStation 4, PlayStation 5, Xbox One, Xbox Series S/XGenre(s):Action, Massively Multiplayer, Shooter9VideoGamerRelated TopicsFortnite Subscribe to our newsletters!By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.Share
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  • Future Fortnite collab could bring back a forgotten stealth gaming icon
    www.videogamer.com
    You can trust VideoGamer. Our team of gaming experts spend hours testing and reviewing the latest games, to ensure you're reading the most comprehensive guide possible. Rest assured, all imagery and advice is unique and original. Check out how we test and review games hereFortnite has established itself as more than simply a battle royale game; its a dynamic platform that connects gaming, comics, movies, and pop culture. Over the years, Fortnite has welcomed some of the worlds most beloved figures to its dynamic ecosystem, allowing players to compete as celebrities from other media. Whether its donning a Marvel superhero cape, wielding a video game protagonists renowned blades, or stepping into the footsteps of movie legends, these collaborations have transformed the battlefield into a pop culture battleground.Now in a round of new leaks and rumors, Fortnite is ready to welcome a forgotten stealth gaming icon soon who may be getting his very own cosmetic outfit.Fortnite leak reveals upcoming collab with Tom Clancys Splinter Cell seriesAccording to popular data miner ShiinaBR, a rumored collab with iconic stealth video game franchise Tom Clancys Splinter Cell is in the works and may arrive very soon in the game. The collab is rumored to bring the legendary protagonist Sam Fisher.A rumored collaboration with Fortnite and Tom Clancys Splinter Cell is going viral online. Image by ShiinaBR.He is known for his tactical prowess, night vision goggles, and incredible stealth, and may soon be added as a Fortnite skin, marking a watershed moment for franchise lovers. This collaboration promises to add a bit of espionage and tactical skill to Fortnites ever-changing universe, and players cant wait to embrace the shadows alongside Fisher.One such player wrote, This will be HUGE. Cant wait for this collab. Another chimed in, Sam Fisher dropping into Fortnite? Stealth mode just got a whole new meaningbetter watch your six in the bushes!A similar stealth collab floored fans when Raiden and Solid Snake from the Metal Gear Solid series arrived in Fortnite in Chapter 5. However, its been almost 10 years since the release of the last Splinter Cell game so itll definitely be exciting to see how Epic introduces it in its ongoing Chapter 6 gameplay.FortnitePlatform(s):Android, iOS, macOS, Nintendo Switch, PC, PlayStation 4, PlayStation 5, Xbox One, Xbox Series S/XGenre(s):Action, Massively Multiplayer, Shooter9VideoGamerRelated TopicsFortnite Subscribe to our newsletters!By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.Share
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  • Floyd Mayweather Jr. Signs a Lofty Manhattan Lease, a Billionaires Row Penthouse Hits the Market, and More Real Estate News
    www.architecturaldigest.com
    Welcome to AD PROs biweekly real estate roundup, covering the biggest deals, most important announcements, and notable listings.This week, Floyd Mayweather Jr. rents a lavish New York City apartment, the abode of a 40s film star asks $3.495 million, and a Sonoma County penthouse by an AD100 designer lists. In this roundup, AD PRO has everything you need to know.On the MarketFor $4.398 million, a midcentury home with an airstream, cantina, and standalone studio in CalabasasCalabasas is perhaps most notorious for being a celebrity hot spota town where numerous Kardashian sisters reside.Photo: Josh BustosSpread across four acres, this property in the San Fernando Valleys most talked-about town takes advantage of this spatial abundance with a number of amenities. A shipping container studio, for one, is outfitted with wood-paneled walls and floors that vanquish any preconceptions one might have about hanging out in a shipping container. Theres an airstream, custom painted in purple and featuring rabbit and mushroom motifs, that provides a wacky backdrop for a patio and a convenient spot for overnight guests. Other slightly more ordinary amenities include an ADU with a full bar and an outdoor fitness space.The four-bedroom, three-bathroom main home was built in 1956 and maintains certain elements of its midcentury origins, including a sunken fireplace in the living room, clerestory windows, and wood-paneled ceilings. Otherwise, the 3,000 square feet has been updated for contemporary tastes.The listing is held by Tracy Bunetta of Sothebys International Realty.A Billionaires Row penthouse decorated by an AD PRO Directory firm asks $22 millionThis supertall is also known as the Steinway Tower, since it was technically constructed as a residential addition to Steinway Hall, which opened in 1916.Photo: Interior Marketing Group
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  • Sonic 3 star Jim Carrey says he's "open to the idea" of returning for Sonic 4, after casually pulling another of the top 10 faces of all-time
    www.vg247.com
    If They Golden RingSonic 3 star Jim Carrey says he's "open to the idea" of returning for Sonic 4, after casually pulling another of the top 10 faces of all-timeHe power-rests between projects, and it would seem could still do with some cash, if it's attached to something fun.Image credit: Paramount Pictures News by Mark Warren Senior Staff Writer Published on Jan. 3, 2025 Jim Carrey is fresh off of reprising the role of moustachioed and bald baddie Dr Robotnik in Sonic 3, and he's already suggested that he'd at aleast consider the idea of returning for furture Sonic movies - for example, a Sonic 4, provided he thinks the idea of whatever's pitched "sounds fun".This comes after Carrey basically came out of retirement to do Sonic 3, saying on the red carpet that he'd returned - after previously joking that "if the angels bring some sort of script thats written in gold ink that says to me that its going to be really important for people to see" is what it'd take to lure him in - because he'd "bought a lot of stuff and I need the money, frankly".To see this content please enable targeting cookies. Speaking to Japanese YouTube channel Cinema Today, Carrey said the following when asked about the possibility of him starring in more Sonic movies in the future: "Im definitely open. Im open to the idea, and generally, they come to me with the next idea, and if I go, that sounds fun, then Ill do it. I dont feel locked to anything in life, unless its something that interests me."I certainly love this crew, I love this gang that makes these movies, and I love the fans. Theres a lot of really great energy around it, great responses, and the fans jump in and say, how about if you do this? Theyve been super helpful. I think were all making this movie together." To see this content please enable targeting cookies.Towards the start of the video, Carrey also says that he "power-rests between projects" and proceeds to pull a pretty good face. I'd not say it's quite on the level of his Grinch face in terms of my very official good face rankings, but it's a solid effort, and it comes with a fun little noise too. 8/10.Look, if nothing else, it's a distraction that means you don't have to re-read the bits of Carrey's Wikipedia page about his views on vaccines from a few years ago and that time he did NFTs.Anyway, in other recent Sonic the Hedgehog 3 related news, its writers Pat Casey and Josh Miller discussed late last year which other games they'd hypothetically be interested in adapting.
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  • Random: Helldivers Studio Once Pitched A High-Flying Rail Shooter Inspired By Star Fox
    www.nintendolife.com
    Image: Nintendo LifeHelldivers 2 was one of Sony's bigger hits of 2024, catapulting its developer, Arrowhead Studio, to an unexpected level of fame. Why are we talking about this on a Nintendo site? Well, while the group shooter might not share all that much DNA with the House of Mario, one of the studio's old game concepts does: an arcade rail shooter inspired by... wait for it... Star Fox.That is according to Arrowhead CCO and Helldivers 2 creative director Johan Pilestedt, who, in a New Year's post on Twitter, asked fans what they're hoping to see from the studio in the future, while highlighting some of the team's previous prototypes (thanks for the heads up, Eurogamer).Subscribe to Nintendo Life on YouTube790kWatch on YouTube Replying to one fan's suggestion for a "Star Fox-style game", Pilestedt revealed that Arrowhead had once pitched a concept for exactly that. Tentatively titled "Eagles of Democracy", the studio CCO stated that the game would "basically try to capture Star Fox" in its mix of arcade and grounded gameplay, and it even went as far as building a prototype in Unreal to showcase it.Pilestedt shared the following images of the high-flying project which, ironically, never made it off the ground:We consider it very unlikely that anything from the Sony-published Helldivers team will make its way over to a Nintendo console any time soon, but the mere mention of Star Fox has us once again pining for a series reboot come on, Nintendo, the Wii U entries were released almost 10 years ago!Arrowhead recently came under fire for the release of the Helldivers 2 X Killzone crossover, considered by many to be drastically overpriced. The studio later took the blame for the pricing, releasing the second wave of the crossover for free. Push SquareFor Super Earth30 years and countingWhat would you like to see from a future Star Fox game? Let us know in the comments.[source x.com, via eurogamer.net]Related GamesSee AlsoShare:03 Jim came to Nintendo Life in 2022 and, despite his insistence that The Minish Cap is the best Zelda game and his unwavering love for the Star Wars prequels (yes, really), he has continued to write news and features on the site ever since. Hold on there, you need to login to post a comment...Related ArticlesRandom: Zelda Echoes Of Wisdom Was Suda51's Video Game Highlight Of 2024"I got to experience Zelda all over again"Random: Mario Galaxy Returns Next Year In "The Biggest Super Mario Odyssey Mod Yet"Mario's Wii adventure is backStar Fox 64 Finally Barrel Rolls Onto PC Thanks To An Unofficial PortBring on the mods!
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  • Bench saved by the bell, and other last-minute deals that closed 2024
    techcrunch.com
    Welcome to Startups Weekly your weekly recap of everything you cant miss from the world of startups. Want it in your inbox every Friday? Sign up here.Welcome to 2025! The first half of the week was relatively quiet in terms of startup announcements, but activity is already starting to pick up. Were also gearing up for CES; if your hardware startup is attending, make sure to let us know.Most interesting startup stories from the weekImage Credits:BenchUnlike other dealmaking, M&A activity didnt stop at least not on purpose.Last-minute save: Bench, the Canadian accounting startup that suddenly shut down a few days ago, will be acquired by HR tech company Employer.com for an undisclosed sum in a last-minute deal.2024s last mega-deal: World Wide Technology (WWT), a tech services company based in St. Louis, agreed to acquire Canadian IT provider Softchoice in an all-cash mega-deal at a valuation of approximately $1.25 billion.2024s last curtain close: French food delivery startup Epicery ceased operations after nine years. Since 2021, it belonged to Geopost/DPDgroup, which recently sold last-mile delivery service Stuart at a significant loss.2025s first mega-deal: Thomson Reuters acquired tax automation company SafeSend for $600 million in an all-cash transaction.No done deal: The U.K.s Competition and Markets Authority (CMA) opened an investigation into IBMs planned acquisition of cloud software vendor HashiCorp, which the Federal Trade Commission is already investigating.Competition ahead: In an interview with TechCrunch, Robinhood CEO Vlad Tenev talked about his companys plans to increasingly compete with still-private prediction markets startups like Kalshi and Polymarket.Most interesting fundraises this weekImage Credits:CaloThe new year slump had exceptions, and startups outside the U.S. announced fresh funding rounds this week.Dinner is served: Riyadh-based meal delivery startup Calo raised $25 million to expand beyond the Middle East, with ambitions to go global and cater to more personalized food customization needs.AI care: Brazilian startup Carecode, which builds AI agents for the healthcare sector, raised a $4.3 million pre-seed round led by a16z and QED, with participation from Endeavor Catalyst, KDX Ventures, K50 Ventures, and Latitud Ventures.Federated computing: Apheris, a German startup that leverages federated computing for AI life sciences use cases, secured $8.25 million in a Series A round led by deep tech VC firms eCAPITAL and OTB Ventures.Most interesting VC and fund news this weekImage Credits:AccelKeeping on: Accel raised $650 million for its eighth India fund. The firm, which recently deepened its focus on rural India, will see several of its Indian portfolio companies go public this year.Prediction time: Twenty VCs shared with TechCrunch their predictions on enterprise tech in 2025, from AI agents to enterprise budgets. For instance, Index Ventures partner Nina Achadjian said she anticipates more liquidity in 2025, both for M&As and the public markets.More predictions: According to TechCrunchs Tim De Chant, 2025 will be the year climate tech learns to love AI, due to skyrocketing computing needs that drive demand for all sorts of innovations to reduce environmental impact.
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  • Hydrogen tax credit rules give startups clarity while boosting nuclear and carbon capture
    techcrunch.com
    Hydrogen startups are widely seen as a promising way to eliminate fossil fuels from heavy industry and long-haul transportation. But they have been stuck in limbo for the last couple years, waiting for official guidance from the U.S. Treasury on lucrative tax credits.The wait ended today, with the Treasury announcing final rules for hydrogen producers to qualify for tax credits under the section 45V of the Inflation Reduction Act.Were grateful to have a final rule, Beth Deane, chief legal officer at Electric Hydrogen, told TechCrunch. Without that, the industry is just kind of dead in the track.The rules, which have been over two years in the making, relax some parts of the draft proposal, giving existing nuclear and fossil fuel power plants a bit of a reprieve.Because hydrogen can be made in so many different ways, the resulting rules are a complex maze of regulations designed to ensure that hydrogen producers receiving the credit arent inadvertently causing more pollution.There are two main sources of hydrogen: that which is produced by electrolyzers, which use electricity to split water molecules into hydrogen and oxygen, and that which is generated by steam reformation, which uses steam and heat to break methane molecules, producing hydrogen and carbon dioxide.But both of those have myriad variations. Steam reformation can dump carbon dioxide pollution to the atmosphere (producing so-called grey hydrogen in the process) or it can capture and store it (blue hydrogen). Electrolyzers can be powered by renewable energy (green hydrogen) or nuclear power (pink hydrogen). If you really want to dig deep, there are so many flavors of hydrogen that people often refer to them all as the hydrogen rainbow.At its core, the 45V rules seek to ensure that new hydrogen production doesnt result in additional greenhouse gas emissions on the grid. To do so, the Treasury Department requires producers to track the emissions generated by each kilogram of hydrogen throughout its lifecycle. That means, for example, blue hydrogen producers must account for the planet-warming effects of methane leaks from natural gas pipelines.Hydrogen producers will have to buy renewable or clean power from the region theyre in. By 2030, theyll also have to show that power was used to make hydrogen within the hour.Generally, hydrogen production that generates fewer greenhouse gases throughout its lifecycle gets bigger tax credits, up to $3 per kilogram. Green hydrogen generally costs around $4.50 to $12 per kilogram, according to BloombergNEF, so the maximum credit could make the process competitive with fossil-derived hydrogen in some regions.Nuclear and fossil fuel power plants also benefit under the revised guidance. Previously, hydrogen producers would have been required to source power from new nuclear plants to qualify. Now, existing nuclear plants can supply up to 200 megawatt-hours of electricity. Also, certain fossil fuel power plants that have recently installed carbon capture equipment will now qualify.The rules, while welcome, still arent perfect. Given the number of interested parties, thats not surprising. From Electric Hydrogens point of view, Deane would like to see some more flexibility around where producers are allowed to buy electricity and how much additional clean or renewable power theyre required to procure.But, Deane said, what the industry wants most is certainty. We want one that stays in place and then can possibly be tweaked, she said. We really encourage the incoming administration to let this rule stand.
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