Friday, June 30, 2023

Goldman may be trying to bail on Apple Card

Four years after partnering with Apple on the launch of the Apple Card, Goldman Sachs may be eyeing the exits. The Wall Street Journal reports that Goldman is “looking for a way out” of its high-profile deal with Apple, which recently expanded to include savings accounts for Apple Card holders.  The investment banking firm is […]

Goldman may be trying to bail on Apple Card by Harri Weber originally published on TechCrunch

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Bird founder Travis VanderZanden officially leaves the nest

Travis VanderZanden’s slow-motion departure from Bird is now complete. The scooter rental company announced in a late-Friday news dump that the executive has stepped down from his role as chairperson of Bird’s board, “effective immediately.” Replacing VanderZanden is John Bitove, who played a role in saving Bird’s bacon this past December via its merger with […]

Bird founder Travis VanderZanden officially leaves the nest by Harri Weber originally published on TechCrunch

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TikTok parent ByteDance launches music creation and audio editing app in closed beta in the US

TikTok’s parent company ByteDance announced today that it’s launching a new, free-to-use music production app in closed beta in the United States. The app, called Ripple, is currently available on an invite-only basis to a small group of testers. Ripple is designed to help musicians and creators create and edit audio in a way that’s […]

TikTok parent ByteDance launches music creation and audio editing app in closed beta in the US by Aisha Malik originally published on TechCrunch

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WhatsApp introduces new QR-code-based local data transfer method

WhatsApp today announced a new and quicker to transfer chat from your old phone to a new phone through a QR-code-based method. The company said that users migrating to another phone with the same operating system will be able to transfer WhatsApp data using a local Wi-Fi connection. To transfer your chat history, make sure […]

WhatsApp introduces new QR-code-based local data transfer method by Ivan Mehta originally published on TechCrunch

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UK readies in-depth investigation into Adobe’s $20B Figma acquisition

The U.K.’s Competition and Markets Authority (CMA) has provisionally concluded that Adobe’s proposed $20 billion bid for digital design rival Figma could result in a “substantial lessening of competition” in the U.K for designers. As a result of its initial findings, the CMA is progressing the case to an in-depth “phase 2” investigation, albeit the […]

UK readies in-depth investigation into Adobe’s $20B Figma acquisition by Paul Sawers originally published on TechCrunch

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Fidelity deepens valuation cut for Reddit and Discord

Fidelity has further slashed the estimated worth of its holding in social platform Reddit and chat app Discord as well as SaaS startup Gupshup, giving a preview into how the asset manager sees the impact of the ongoing slowdown in the public market on privately-held shares. Fidelity Blue Chip Growth Fund valued its holdings in […]

Fidelity deepens valuation cut for Reddit and Discord by Manish Singh originally published on TechCrunch

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Fertifa enables companies to offer fertility and reproductive health benefits

The number of workplaces offering fertility and reproductive healthcare benefits are on the rise. Doing so can help companies become more competitive employers and bolster diversity, equity and inclusion efforts, for example by attracting more women and LGBTQ+ people. Based in London, Fertifa wants to enable more companies in Europe to offer reproductive benefits to […]

Fertifa enables companies to offer fertility and reproductive health benefits by Catherine Shu originally published on TechCrunch

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VW subsidiary Electrify America to add Tesla connectors to EV charging network

Electrify America has become the latest company to align itself with Tesla’s EV charging standard. The company, which was created as part of a settlement of the Volkswagen diesel emission scandal, said Thursday it will add Tesla’s North American Charging Standard (NACS) connector to Electrify America and Electrify Canada’s fast charging networks by 2025.  Electrify […] VW subsidiary Electrify America to add Tesla connectors to EV charging network by Kirsten Korosec originally published on TechCrunch
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Thursday, June 29, 2023

Korea’s Alwayz aims to make online shopping fun again with $46M in funding

Seoul-based e-commerce company Levit, an operator of the shopping app Alwayz, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 million in a Series B round of funding led by DST Global Partners with participation from new investor BOND and existing backers KB Investment, Mirae Asset Capital, […]

Korea’s Alwayz aims to make online shopping fun again with $46M in funding by Kate Park originally published on TechCrunch

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B Garage raises $20M for its warehouse inventory drones 

B Garage, a San Jose-based startup building autonomous drones along with software to track warehouse inventory, said today that it has picked up $20 million in a Series A round of funding.  New investor LB Investment led the Series A funding with participation from Ignite Innovation Fund, Krossroad Partners and existing backer SoftBank Ventures Asia. The […]

B Garage raises $20M for its warehouse inventory drones  by Kate Park originally published on TechCrunch

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Meta expects recommendation models ‘orders of magnitude’ bigger than GPT-4. Why?

Meta made a remarkable claim in an announcement published today intended to give more clarity on its content recommendation algorithms. It’s preparing for behavior analysis systems “orders of magnitude” bigger than the biggest large language models out there, including ChatGPT and GPT-4. Is that really necessary? Every once in a while Meta decides to freshen […]

Meta expects recommendation models ‘orders of magnitude’ bigger than GPT-4. Why? by Devin Coldewey originally published on TechCrunch

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Material Evolution raises $19M to decarbonise the cement industry

In the industrial world, cement is about as omnipresent as materials get. But despite its clear and obvious utility, cement is responsible for some 8% of global CO2 emissions — if it was a country, it would be third biggest emitter globally, by some estimations. While cement’s ubiquity comes largely down to how easy it […]

Material Evolution raises $19M to decarbonise the cement industry by Paul Sawers originally published on TechCrunch

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Typeface, which is building generative AI for brands, raises $100M at a $1B valuation

In 2022, Abhay Parasnis, the former CTO of Adobe, founded Typeface, a generative AI startup focused on enterprise use cases. With it, he hoped to leverage generative AI — which at the time was just beginning to come into vogue — to deliver personalized content for brands at scale. Typeface, thanks in part to the […]

Typeface, which is building generative AI for brands, raises $100M at a $1B valuation by Kyle Wiggers originally published on TechCrunch

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India startup funding slides 68% after Tiger and SoftBank make virtually no deals

Indian startups experienced a significant contraction in funding in the first half of 2023, revealing the knock-on effect of broader public market instability on young ventures in emerging regions. The first six months of 2023 saw Indian startups raise a mere $5.46 billion, a substantial 68% decline from the $17.1 billion during the same timeframe […]

India startup funding slides 68% after Tiger and SoftBank make virtually no deals by Manish Singh originally published on TechCrunch

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House GOP discusses use of robot dogs to patrol US borders

The United States Department of Homeland Security caused a stir last February when it revealed that it was exploring deploying robot dogs on the U.S./Mexico border. “The southern border can be an inhospitable place for man and beast, and that is exactly why a machine may excel there,” the DHS’s Brenda Long said at the […] House GOP discusses use of robot dogs to patrol US borders by Brian Heater originally published on TechCrunch
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Wednesday, June 28, 2023

DoorDash offers delivery workers hourly rate, but there’s a catch

DoorDash will give delivery workers the option to be paid a guaranteed hourly minimum rate instead of being paid per delivery, the company said Wednesday. The new option, a novelty in the gig worker industry, comes as DoorDash and other app-based gig companies like Lyft and Uber will have to provide New York City delivery […]

DoorDash offers delivery workers hourly rate, but there’s a catch by Rebecca Bellan originally published on TechCrunch

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Proton launches its password manager Proton Pass

A couple of months after unveiling Proton Pass, Proton — the company behind end-to-end encrypted email service Proton Mail — is officially launching its password manager to everyone. As a reminder, Proton Pass is an end-to-end encrypted password manager for individuals and (soon) families. Everybody should use a password manager as it helps you use […]

Proton launches its password manager Proton Pass by Romain Dillet originally published on TechCrunch

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Gleamer, which provides AI software for radiologists, raises $29.5M

Gleamer, a five-year-old French startup that has developed AI software to help radiologists diagnose and detect bone trauma lesions in scans among other conditions, has raised €27 million ($29.5 million) in a Series B round of funding. Founded in 2017, Gleamer’s core flagship BoneView software, which it touts as an “AI companion for bone trauma […]

Gleamer, which provides AI software for radiologists, raises $29.5M by Paul Sawers originally published on TechCrunch

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China’s AI firms might further lose chip access in new US ban

The U.S. is weighing additional restrictions on AI chip export to China amid rising concerns over the use of advanced semiconductors for military modernization. The Wall Street Journal reported Tuesday that the U.S. Department of Commerce could prohibit shipments of chips from manufacturers including Nvidia to customers in China as soon as early next month. […]

China’s AI firms might further lose chip access in new US ban by Rita Liao originally published on TechCrunch

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Bluu Seafood reels in $17.5M to bring cultivated fish products to market

Bluu Seafood, a German company creating cultivated (i.e. “lab-grown”) fish products, today announced it has raised €16 million ($17.5 million) in a Series A round of funding. Founded out of Berlin in 2020 originally as Bluu Biosciences, Bluu Seafood starts with a “one-time” fish biopsy — which, it says, doesn’t require killing any fish — […]

Bluu Seafood reels in $17.5M to bring cultivated fish products to market by Paul Sawers originally published on TechCrunch

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Kick lures disenchanted Twitch streamers, for now

In the wake of Twitch’s seemingly unattainable Partner Plus program, which grants a 70/30 subscription revenue split on the first annual $100,000 that qualifying Partners make, jaded streamers are claiming that they’ll move to the streaming rival Kick. The new livestreaming platform offers streamers a 95/5 subscription revenue split — a fraction of Twitch’s standard […] Kick lures disenchanted Twitch streamers, for now by Morgan Sung originally published on TechCrunch
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Tuesday, June 27, 2023

Zoox begins testing robotaxis on public roads in Las Vegas

Amazon subsidiary Zoox has begun testing its purpose-built, electric, autonomous robotaxis on public streets in Las Vegas, the company announced Tuesday. Zoox says this marks the first time that an autonomous vehicle built without pedals or a steering wheel has operated on public roads in Nevada. Zoox is starting small with a one-mile loop around […]

Zoox begins testing robotaxis on public roads in Las Vegas by Rebecca Bellan originally published on TechCrunch

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‘Only human creators’ can win a Grammy, but AI isn’t totally forbidden

We are only scratching the surface of how artificial intelligence might be used in art, and musicians are already experimenting with the technology. But if their AI-assisted composition is to be eligible for a Grammy, they’ll need to make sure that their contribution is “meaningful,” the rules now state. An update to the famous awards’ […]

‘Only human creators’ can win a Grammy, but AI isn’t totally forbidden by Devin Coldewey originally published on TechCrunch

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Mercedes brings F1 technology to the AMG S 63 E Performance

“Win on Sunday, sell on Monday.” That was the popular marketing adage when motorsports and car sales were intricately intertwined. While a podium finish these days doesn’t necessarily translate into a bump in sales — with many consumers being more focused on fuel economy, looks and comfort — there is still a glimmer of truth […]

Mercedes brings F1 technology to the AMG S 63 E Performance by Emme Hall originally published on TechCrunch

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OpenAI’s ChatGPT app can now search the web — but only via Bing

ChatGPT on mobile can now surf the web. But only via Bing. Today, OpenAI announced that subscribers to ChatGPT Plus, the premium version of the company’s AI-powered chatbot, can use a new feature on the ChatGPT app called Browsing to have ChatGPT search Bing for answers to questions. Browsing can be enabled by heading to […]

OpenAI’s ChatGPT app can now search the web — but only via Bing by Kyle Wiggers originally published on TechCrunch

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Dust uses large language models on internal data to improve team productivity

Dust is a new AI startup based in France that is working on improving team productivity by breaking down internal silos, surfacing important knowledge and providing tools to build custom internal apps. At its core, Dust is using large language models (LLMs) on internal company data to give new super powers to team members. Co-founded […]

Dust uses large language models on internal data to improve team productivity by Romain Dillet originally published on TechCrunch

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ShopZetu raises pre-seed funding to fuel growth of its fashion marketplace beyond Kenya

Kenyan fashion e-commerce startup ShopZetu is set to add beauty and home décor categories to its portfolio, in response to the growing needs of the young and style-conscious women in Africa. This is as it currently scales regionally over the next few months while working to attract international fashion brands, and more than triple the […]

ShopZetu raises pre-seed funding to fuel growth of its fashion marketplace beyond Kenya by Annie Njanja originally published on TechCrunch

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Lordstown Motors sues Foxconn, files for bankruptcy

Lordstown Motors has made good on its threat to sue Foxconn, the Taiwanese company best known for manufacturing Apple’s iPhones. The EV company took legal action against Foxconn Tuesday, and simultaneously filed for bankruptcy and put itself up for sale. Lordstown, the EV startup that went public via a merger with a special purpose acquisition […]

Lordstown Motors sues Foxconn, files for bankruptcy by Rebecca Bellan originally published on TechCrunch

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Dexory nabs $19M to bring visibility to warehouses through analytics and autonomous robots

Dexory, a company that serves warehouses with real-time inventory management data using AI software and autonomous robots, has raised $19 million in a Series A round of funding led by European VC Atomico. Founded out of London in 2015, Dexory’s product can be split into two segments. On the hardware side, the company develops robots […]

Dexory nabs $19M to bring visibility to warehouses through analytics and autonomous robots by Paul Sawers originally published on TechCrunch

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TikTok’s Family Pairing tool now gives parents personalized control over the content their teens see

TikTok is bringing its content filtering tool to its Family Pairing offering, which lets parents link their account to their teen’s to enable content and privacy settings, the company announced on Tuesday. Content filtering allows users to filter out videos with words or hashtags they don’t want to see in their For You or Following […]

TikTok’s Family Pairing tool now gives parents personalized control over the content their teens see by Aisha Malik originally published on TechCrunch

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Decentralized social networking app Damus to be removed from App Store, will appeal decision

Damus, a decentralized social networking app backed by Twitter co-founder Jack Dorsey, will be removed from the App Store due to Apple’s strict payment rules. Apple had threatened to remove Damus earlier this month over the app’s tips feature, claiming that it could be used by content creators to sell digital content on the platform. […] Decentralized social networking app Damus to be removed from App Store, will appeal decision by Aisha Malik originally published on TechCrunch
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Monday, June 26, 2023

Supply chain startup Baskit supports Indonesia’s middlemen

Large brand distributors dominate the top of the supply chain, but toward the bottom, there are thousands of middlemen, including wholesalers, who are the ones creating relationships with retailers. Founded last year, Baskit wants to provide them with tools to digitize the management of their inventory and services to help them get better prices. The […]

Supply chain startup Baskit supports Indonesia’s middlemen by Catherine Shu originally published on TechCrunch

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Thomson Reuters buys Casetext, an AI legal tech startup, for $650M in cash

Thomson Reuters has entered into a definitive agreement to acquire Casetext, a Y Combinator-backed legal tech startup. The deal, valued at $650 million in cash, is expected to close in the second half of 2023, subject to regulatory approvals and customary closing conditions. “The acquisition of Casetext is another step in our ‘build, partner and […]

Thomson Reuters buys Casetext, an AI legal tech startup, for $650M in cash by Kyle Wiggers originally published on TechCrunch

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Arkam Ventures targets $180 million to tap ‘middle India’ opportunity with second fund

Arkam Ventures is courting its second fund, aiming for $180 million, nearly doubling the size of its maiden fund, as the Indian venture capital firm gears up to double down on the expanding ‘middle India’ opportunity. The firm’s partners said in an interview that they are hopeful to retain support from high-profile international institutional investors […]

Arkam Ventures targets $180 million to tap ‘middle India’ opportunity with second fund by Manish Singh originally published on TechCrunch

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Kindred Ventures foresees a ‘massive explosion of startups’ courtesy of AI

Last week, we talked with Kindred Ventures, a small, nine-year-old, San Francisco-based early stage venture firm that, despite investing in a lot of nascent startups — more than 100 to date — takes a generalist approach, investing in AI, climate tech, consumer internet companies, crypto deals, fintech startups, health startups, mobility startups and the outfits […]

Kindred Ventures foresees a ‘massive explosion of startups’ courtesy of AI by Connie Loizos originally published on TechCrunch

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Max Q: Welcome to the era of MaaS (microgravity-as-a-service)

In this issue: Atmos Space Cargo's research and manufacturing space capsule; another anomaly hits Launcher's Orbiter space tug; news from NASA, and more.

Max Q: Welcome to the era of MaaS (microgravity-as-a-service) by Aria Alamalhodaei originally published on TechCrunch

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The 2024 Silverado EV WT impresses with a 450-mile range and outstanding towing

I hope you like gray. The 2024 Chevrolet Silverado EV Work Truck is, well, a work truck. Besides the impressive Ultima EV powertrain, there’s nothing spectacular about this truck. The seats have manual adjustments; the LCD control screens are small with huge bezels. Everything is gray, from the dashboard to the seats to the wheel […]

The 2024 Silverado EV WT impresses with a 450-mile range and outstanding towing by Matt Burns originally published on TechCrunch

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SnapCalorie taps AI to estimate the caloric content of food from photos

While working at Google, Wade Norris wanted to create a project that could positively impact people’s lives. He co-founded Google Lens, Google’s computer vision-powered app that brings up information related to the objects it identifies. But it didn’t quite scratch the itch. So several years ago, Norris teamed up with Scott Baron, a systems engineer […]

SnapCalorie taps AI to estimate the caloric content of food from photos by Kyle Wiggers originally published on TechCrunch

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IBM acquires Apptio from Vista for $4.6B in cash to double down on hybrid cloud services

As cloud architecture continues to more ubiquitous among organizations, increasingly what is more apparent is that many organizations are taking a hybrid approach, blending SaaS in private and public clouds with some products that remain on premises. Today, IBM made a big acquisition doubling down on the hybrid concept: it will pay $4.6 billion in […]

IBM acquires Apptio from Vista for $4.6B in cash to double down on hybrid cloud services by Ingrid Lunden originally published on TechCrunch

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Adobe indemnity clause designed to ease enterprise fears about AI-generated art

When it comes to artworks created by generative AI, enterprise users have specific legal concerns around permissions – and Adobe has recognized those worries. That’s why the company has written an indemnity clause that states that Adobe will pay any copyright claims related to works generated in Adobe Firefly, the company’s generative AI art creation […]

Adobe indemnity clause designed to ease enterprise fears about AI-generated art by Ron Miller originally published on TechCrunch

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Aston Martin taps Lucid to help develop electric vehicles

Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, will supply Aston Martin with powertrain components for future electric vehicle models, the companies said Monday. The iconic British luxury automaker aims to launch an EV in 2025. The agreement marks a first for Lucid — a chance to act as supplier and […]

Aston Martin taps Lucid to help develop electric vehicles by Rebecca Bellan originally published on TechCrunch

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Did this one feature entice Robinhood to acquire X1?

Welcome back to The Interchange! If you want this in your inbox, sign up here. We’re back after a brief hiatus, with lots of fintech news, including Robinhood’s latest acquisition, Plaid’s newest product and a ChatGPT-powered AI tool that aims to help you save money on bills. Robinhood’s motives When Robinhood announced on June 22 that it was […] Did this one feature entice Robinhood to acquire X1? by Christine Hall originally published on TechCrunch
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Sunday, June 25, 2023

French VC firm Frst reaches $80 million first close for its new seed fund

Frst, the Paris-based VC firm with no vowel in its name, is in the process of raising its second fund. The firm has already reached a first closing of €72 million (nearly $80 million at today’s exchange rate). And if there’s one thing to say about this new fund is that it’s business as usual […]

French VC firm Frst reaches $80 million first close for its new seed fund by Romain Dillet originally published on TechCrunch

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UTU raises $35M to help travelers get more from tax-free shopping

Utu, a travel tech company that helps flyers get more out of their tax-free shopping, announced today it has raised a $35 million Series B led by SC Ventures. Part of the funding was used to acquire CardsPal, a Singapore-based fintech that offers deals and promotions nearby to users. During the pandemic-induced travel hiatus, utu […]

UTU raises $35M to help travelers get more from tax-free shopping by Catherine Shu originally published on TechCrunch

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TreasurySpring raises $29M to expand its investment platform aimed at businesses with excess cash

Of the many issues highlighted by the collapse of Silicon Valley Bank, one big one was the liability of having too much cash sitting in too few bank accounts. Today a London startup called TreasurySpring — which has built a platform for businesses to put some of their cash reserves to work, in investments — […]

TreasurySpring raises $29M to expand its investment platform aimed at businesses with excess cash by Ingrid Lunden originally published on TechCrunch

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The 2023 Asus Zenbook S 13 OLED is a pint-sized powerhouse with a gorgeous display

Asus is stretching the boundaries of what’s possible with thin and light portable PCs, and the 2023 Asus Zenbook S 13 OLED sets a high bar for what’s possible in an ultraportable. The computer weighs in at just 2.2 lbs, and it’s only 0.39 inches thick — small enough that it’s a negligible addition to […]

The 2023 Asus Zenbook S 13 OLED is a pint-sized powerhouse with a gorgeous display by Darrell Etherington originally published on TechCrunch

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Rivian adopts Tesla charging standard, Cruise adds Android and Ford lands a $9.2B loan

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point […]

Rivian adopts Tesla charging standard, Cruise adds Android and Ford lands a $9.2B loan by Kirsten Korosec originally published on TechCrunch

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Designers hated Figma’s collaborative design tool at first, but grew to love it

Back in 2012 when Dylan Field was a student at Brown University, he came up with the idea of building a browser-based design tool. At the time, design tools were all on the desktop, which meant that designers worked alone, sending files for review to the various stakeholders involved, then making changes based on feedback […]

Designers hated Figma’s collaborative design tool at first, but grew to love it by Ron Miller originally published on TechCrunch

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Did this one feature entice Robinhood to acquire X1?

Welcome back to The Interchange! If you want this in your inbox, sign up here. We’re back after a brief hiatus, with lots of fintech news, including Robinhood’s latest acquisition, Plaid’s newest product and a ChatGPT-powered AI tool that aims to help you save money on bills. Robinhood’s motives When Robinhood announced on June 22 that it was […]

Did this one feature entice Robinhood to acquire X1? by Christine Hall originally published on TechCrunch

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Saturday, June 24, 2023

This week in AI: Big tech bets billions on machine learning tools

Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of the last week’s stories in the world of machine learning, along with notable research and experiments we didn’t cover on their own. If it wasn’t obvious already, the competitive landscape […]

This week in AI: Big tech bets billions on machine learning tools by Kyle Wiggers originally published on TechCrunch

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How one software engineer is turning Silicon Valley Bank’s collapse story into a musical

Mauricio Costa was inspired by stories about the bank's demise and is giving them a gospel and hip-hop treatment in a new musical.

How one software engineer is turning Silicon Valley Bank’s collapse story into a musical by Christine Hall originally published on TechCrunch

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Meta to pull news from Facebook and Instagram in Canada

Meta plans to end access to news on Facebook and Instagram in Canada in response to legislation that would require internet giants to pay news publishers. The legislation, known as the Online News Act, was approved by the country’s Senate on Thursday. The law will force internet giants to negotiate compensation deals with news publishers […] Meta to pull news from Facebook and Instagram in Canada by Aisha Malik originally published on TechCrunch
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EV truck maker Nikola suspects foul play in headquarters fire

Nikola Corp said Friday it suspected “foul play” in a fire outside of its Phoenix headquarters that affected some of its battery electric trucks. The fire, which Nikola tweeted about and has since confirmed with TechCrunch, started early this morning behind its headquarters. A vehicle was seen in the area of the affected trucks just prior […] EV truck maker Nikola suspects foul play in headquarters fire by Kirsten Korosec originally published on TechCrunch
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Friday, June 23, 2023

Amazon plans to invest another $15 billion in India by 2030

Amazon plans to more than double its investment in India in the next seven years, the e-commerce group said, joining a roster of other high-profile American giants ramping up commitment to the South Asian market after meeting with Prime Minister Narendra Modi this week. The e-commerce group has invested about $11 billion in India to […]

Amazon plans to invest another $15 billion in India by 2030 by Manish Singh originally published on TechCrunch

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Apple looks to resume talks for Apple Pay launch in India

Apple plans to engage with NPCI and other authorities in India in the coming weeks for the launch of its payments service Apple Pay in the South Asian market, according to two people familiar with the matter, eyeing an entrance into a crowded space that is dominated by Walmart’s PhonePe, Google’s GPay and Paytm. The […]

Apple looks to resume talks for Apple Pay launch in India by Manish Singh originally published on TechCrunch

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Andreessen Horowitz, Shield Capital back satellite bus manufacturing startup Apex Space

Satellite bus manufacturing startup Apex Space has closed a $16 million Series A round co-led by Andreessen Horowitz and new investor Shield Capital as it prepares for its first demonstration mission early next year. In addition to the new capital, Apex also revealed some of the customers that will be flying payload on that inaugural […] Andreessen Horowitz, Shield Capital back satellite bus manufacturing startup Apex Space by Aria Alamalhodaei originally published on TechCrunch
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Thursday, June 22, 2023

Get a clue, says panel about generative AI: it’s being “deployed as surveillance devices”

Earlier today at a Bloomberg conference in San Francisco, some of the biggest names in AI turned up, including, briefly, Sam Altman of OpenAI, who just ended his two-month world tour, and Stability AI founder Emad Mostaque. Still, one of the most compelling conversations happened later in the afternoon, in a panel discussion about AI […]

Get a clue, says panel about generative AI: it’s being “deployed as surveillance devices” by Connie Loizos originally published on TechCrunch

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Lithuania’s capital Vilnius to get ‘Europe’s largest tech campus,’ costing €100M

Lithuania is vying to become one of the major European tech hubs, bolstered by a growing number of so-called “unicorn” startups and governmental efforts to attract a high-profile accelerator to the country. At the same time, a new €100 million private initiative announced today is setting out to create what would be Europe’s largest tech […]

Lithuania’s capital Vilnius to get ‘Europe’s largest tech campus,’ costing €100M by Paul Sawers originally published on TechCrunch

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Rocket Lab doubles down on marine booster recovery with next Electron launch

Rocket Lab’s next Electron mission will include another marine recovery attempt of the rocket’s booster, the latest step by the company to advance its reusability program. The mission, called “Baby Come Back,” will take off from Rocket Lab’s Launch Complex 1 on New Zealand’s Mahia Peninsula. The launch window opens no earlier than July 14. […]

Rocket Lab doubles down on marine booster recovery with next Electron launch by Aria Alamalhodaei originally published on TechCrunch

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Continuum Space Systems wants to make space mission management easy

Space mission management is a complicated beast, too often characterized by complicated workflows and information siloes that cost organizations time and money. Continuum Space Systems, a two-year old startup based in Pasadena, is looking to change that with its unified platform to support the entire lifecycle of a space mission. To further that goal, Continuum […]

Continuum Space Systems wants to make space mission management easy by Aria Alamalhodaei originally published on TechCrunch

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Why Europe and Israel’s unicorns are producing the next generation of tech founders

Harry Nelis Contributor Share on Twitter Harry Nelis is a partner at Accel, a global venture firm that has partnered with companies from inception through all phases of private company growth for the last 40 years. More posts by this contributor To become a public company, start operating like one early on Talent is the […]

Why Europe and Israel’s unicorns are producing the next generation of tech founders by Walter Thompson originally published on TechCrunch

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TikTok looks to challenge Amazon and Shein with new e-commerce initiative

TikTok has confirmed that it’s testing a new in-app “Trendy Beat” shopping section where it is offering products for sale that are shipped and sold by a subsidiary of its parent company, ByteDance. The feature, which was first reported on by the Financial Times, is currently being tested in the UK. The shopping section offers […]

TikTok looks to challenge Amazon and Shein with new e-commerce initiative by Aisha Malik originally published on TechCrunch

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Plastic upcycling startup Kubik closes $3.34M seed to scale production in Ethiopia

The amount of plastic waste produced globally is on track to triple to over 1,000 million tonnes by 2060. The OECD report predicts that developed countries will continue to produce the most plastic waste per person, although emerging regions like Africa and Asia are expected to experience the fastest growth owing to rapid population growth, and […]

Plastic upcycling startup Kubik closes $3.34M seed to scale production in Ethiopia by Annie Njanja originally published on TechCrunch

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Robin Haak launches Robin Capital, the latest fund to join the Solo GP trend in Europe

If you were a Solo Venture Capitalist — or Solo GP as they have come to be known — during the 2020-2021 boom, you might be in trouble now, especially as valuations from that era have often tanked. However, while the Solo GP model has been around in the US for some years, this model […]

Robin Haak launches Robin Capital, the latest fund to join the Solo GP trend in Europe by Mike Butcher originally published on TechCrunch

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Wednesday, June 21, 2023

Supercritical, a carbon removal marketplace aimed at tech firms, raises $13M Series A led by Lightspeed

Supercritical, the carbon removal marketplace aimed (at the moment) mainly at tech companies that want to hit ‘net zero’, has raised a $13 million Series A funding round, led by Lightspeed Venture Partners. The round includes funding from RTP Global, Greencode Ventures, MMC Ventures and others. We covered Supercritical’s launch back in August 2021, when it pointed out that the […]

Supercritical, a carbon removal marketplace aimed at tech firms, raises $13M Series A led by Lightspeed by Mike Butcher originally published on TechCrunch

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Apple’s Vision Pro SDK is now available, in-person developer labs launch next month

Time to get a jump on all of that spatial computing. Apple today announced that its visionOS software development kit is now available, allowing 3D parties to begin building content for the Vision Pro. The SDK is available at least half a year before the headset officially goes on sale in the U.S., priced at […]

Apple’s Vision Pro SDK is now available, in-person developer labs launch next month by Brian Heater originally published on TechCrunch

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Downey’s Dream Cars: Robert Downey Jr. targets EV skeptics in new series

Marvel retiree Robert Downey Jr. has a new show: Downey’s Dream Cars. It follows the millionaire as he seeks to reconcile two of his hobbies, classic car collecting and climate change mitigation. The Iron Man actor has led with this sort of juxtaposition before; when he kicked off his climate-focused venture firm Footprint Coalition in […]

Downey’s Dream Cars: Robert Downey Jr. targets EV skeptics in new series by Harri Weber originally published on TechCrunch

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Twitch will require new labels for streams with sexual themes, gambling and M-rated games

Twitch is rethinking the way it flags mature content, swapping its existing toggle for a more granular set of topic-specific labels. The company announced Tuesday that it would introduce a new set of content labels that require streamers to signal when their channels will contain sexual themes, graphic violence, “drugs, intoxication, or excessive tobacco use,” […] Twitch will require new labels for streams with sexual themes, gambling and M-rated games by Taylor Hatmaker originally published on TechCrunch
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Tuesday, June 20, 2023

How Amazon beat Walmart — and who might beat Amazon: talking with reporter Jason Del Rey

Jason Del Rey has spent the last 15 years reporting on e-commerce businesses, including Walmart and Amazon. Now, in a new book that hit shelves today called Winner Sells All, he tells the broader story of Walmart — which long focused on preserving what it had built — and its epic battle with Amazon, whose […]

How Amazon beat Walmart — and who might beat Amazon: talking with reporter Jason Del Rey by Connie Loizos originally published on TechCrunch

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Instagram now finally allows users to download public Reels

Instagram is finally letting users download Reels posted by others so they can share them outside the app. Rival short video app TikTok has had this feature for years and gained popularity by people watching short videos with the app’s watermark outside the platform. On Tuesday, the company’s head Adam Mosseri said on his Instagram […]

Instagram now finally allows users to download public Reels by Ivan Mehta originally published on TechCrunch

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Musk says looking to bring Tesla and Starlink to India after meeting with PM Modi

Tesla chief executive Elon Musk says the firm is looking to invest in India and bring the electric carmaker to the country “as soon as humanly possible.” Musk said he had a “very good” conversation with Indian Prime Minister Narendra Modi on Tuesday and is hopeful that they will be able to “announce something in […]

Musk says looking to bring Tesla and Starlink to India after meeting with PM Modi by Manish Singh originally published on TechCrunch

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Texas says state-funded EV chargers must include Tesla plugs

Texas will require electric vehicle charging companies to include Tesla’s North American Charging Standard (NACS) and the Combined Charging System (CCS) standard in order to qualify for a state program to electrify highways through federal funds, Reuters reports. “The decision by Ford, GM, and now Rivian to adopt NACS changed requirements for Phase 1. Each […]

Texas says state-funded EV chargers must include Tesla plugs by Rebecca Bellan originally published on TechCrunch

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Cruise rolls out Android app for robotaxi service

Android phone users finally have access to Cruise’s robotaxi service, which is predominately in San Francisco as well as in Austin and Phoenix. The self-driving unit under GM said Tuesday that it has developed an Android app to support its robotaxi service. The company tweeted that it has started onboarding Android users from its waitlist. Cruise […]

Cruise rolls out Android app for robotaxi service by Kirsten Korosec originally published on TechCrunch

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Voice-generating platform ElevenLabs raises $19M, launches detection tool

ElevenLabs, the viral AI-powered platform for creating synthetic voices, has raised a new round of cash. Today, the startup announced the closure of a $19 million Series A round co-led by entrepreneurs Nat Friedman and Daniel Gross alongside Andreessen Horowitz. Other participants included heavyweights Creator Ventures, SV Angel, Instagram co-founder Mike Krieger, Oculus co-founder Brendan […]

Voice-generating platform ElevenLabs raises $19M, launches detection tool by Kyle Wiggers originally published on TechCrunch

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Philippines startup Shoppable Business smooths bumps in the business procurement process

Shoppable Business wants to make it easier for businesses in the Philippines to source and procure branded products and other inventory, with an emphasis on making sure products are authentic. The B2B e-commerce marketplace announced it has closed what it says was an oversubscribed pre-seed funding round of $1.15 million. The round was co-led by […] Philippines startup Shoppable Business smooths bumps in the business procurement process by Catherine Shu originally published on TechCrunch
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Monday, June 19, 2023

Alibaba CEO Daniel Zhang to pass the torch and focus on cloud

Hours after rumors started circling in China about a possible stepdown of Alibaba’s chairman and CEO Daniel Zhang, the ecommerce behemoth confirmed midday on Tuesday that the executive will hand over the torch. Zhang will be replaced by Joe Tsai, Alibaba’s current executive vice chairman, as chairman, and Eddie Wu, current chairman of Alibaba’s marketplaces […]

Alibaba CEO Daniel Zhang to pass the torch and focus on cloud by Rita Liao originally published on TechCrunch

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Vimeo intros a trio of AI-powered editing features

Vimeo, the video hosting and sharing platform, is embracing AI in a major way. This week, Vimeo announced a suite of AI-powered tools designed to help users create scripts, record footage using a built-in teleprompter and remove long pauses and unwanted disfluencies like “ahs” and “ums” from the recordings. They’ll be available starting July 17 […]

Vimeo intros a trio of AI-powered editing features by Kyle Wiggers originally published on TechCrunch

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TuSimple tests removing human driver from self-driving truck in China

Autonomous trucking company TuSimple last week successfully completed a fully autonomous semi-truck run on public roads in China without a human present in the vehicle and without human intervention. The company claims to have completed China’s first so-called “driver-out” run. This is the second time TuSimple has pulled the driver out of operations on public […]

TuSimple tests removing human driver from self-driving truck in China by Rebecca Bellan originally published on TechCrunch

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Philippines startup Shoppable Business smooths bumps in the business procurement process

Shoppable Business wants to make it easier for businesses in the Philippines to source and procure branded products and other inventory, with an emphasis on making sure products are authentic. The B2B e-commerce marketplace announced it has closed what it says was an oversubscribed pre-seed funding round of $1.15 million. The round was co-led by […]

Philippines startup Shoppable Business smooths bumps in the business procurement process by Catherine Shu originally published on TechCrunch

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Polestar and Xingji Meizu join forces to create tailored OS for Chinese EVs

Swedish electric vehicle maker Polestar has formed a joint venture with Xingji Meizu, a mobile phone and consumer electronics company, to build an operating system for Polestar cars sold in China. In the rest of the world, Polestar has integrated Google’s Android Automotive OS into vehicles to power its infotainment systems. Google has very little […]

Polestar and Xingji Meizu join forces to create tailored OS for Chinese EVs by Rebecca Bellan originally published on TechCrunch

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Fisker to enter China’s hotly contested EV market with local production plans

Fisker, the electric carmaker founded by the Danish auto designer Henrik Fisker, is gearing up to enter the Chinese market where competition is increasingly cut-throat, following in the footsteps of another brave American player Lucid. Fisker plans to open a delivery center in China this year and commence deliveries of the Fisker Ocean SUV, its […]

Fisker to enter China’s hotly contested EV market with local production plans by Rita Liao originally published on TechCrunch

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Hackers threaten to leak 80GB of confidential data stolen from Reddit

Hackers are threatening to release confidential data stolen from Reddit unless the company pays a ransom demand – and reverses its controversial API price hikes.  In a post on its dark web leak site, the BlackCat ransomware gang, also known as ALPHV, claims to have stolen 80 gigabytes of compressed data from Reddit during a […]

Hackers threaten to leak 80GB of confidential data stolen from Reddit by Carly Page originally published on TechCrunch

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Y Combinator-backed Rever aims to modernize refunds and returns

Màrius Montmany and Oriol Hernandez i Fajula, former employees at large logistics companies, several years ago found themselves frustrated with the problem of “reverse logistics”  — how to get product returns through the mail system in an efficient and cost-effective way. Dissatisfied with the existing solutions out there, the pair founded Rever — now backed […]

Y Combinator-backed Rever aims to modernize refunds and returns by Kyle Wiggers originally published on TechCrunch

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Investors say they have uncovered financial irregularities at Mojocare

Mojocare investors have found “financial irregularities” at the Indian health and wellness startup and are moving to scale down its operations, they said in a statement Sunday. The move follows the Bengaluru-headquartered startup, backed by Peak XV, B Capital and Chiratae Ventures, laying off some 150 employees, a majority of the workforce, earlier this week. […] Investors say they have uncovered financial irregularities at Mojocare by Manish Singh originally published on TechCrunch
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Sunday, June 18, 2023

Seedstars, Fondation Botnar launch new fund to back African startups focused on youth wellbeing

Seedstars Capital and Swiss philanthropic foundation Fondation Botnar have launched Seedstars Youth Wellbeing Ventures, a $20 million investment mandate targeting early-stage startups in Africa that are focused on improving the wellbeing of people below 30 years in low-and-middle-income countries. The evergreen fund will back pre-seed to Series A startups including those that advance health services, […]

Seedstars, Fondation Botnar launch new fund to back African startups focused on youth wellbeing by Annie Njanja originally published on TechCrunch

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Mercedes jumps into the ChatGPT fray and Toyota plays catch-up

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point […]

Mercedes jumps into the ChatGPT fray and Toyota plays catch-up by Kirsten Korosec originally published on TechCrunch

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Mojocare investors uncover financial irregularities, unsustainable business model

Mojocare investors have found “financial irregularities” at the health and wellness startup and are pushing to scale down the operations, they said in a statement Sunday. The move follows the Bengaluru-headquartered Mojocare, backed by Peak XV, B Capital and Chiratae Ventures, laying off some 150 employees earlier this week. In a joint statement, the investors […]

Mojocare investors uncover financial irregularities, unsustainable business model by Manish Singh originally published on TechCrunch

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Saturday, June 17, 2023

Reddit’s CEO lashes out, Twitter gets evicted, and NYC delivery workers get a pay raise

Hi, lovely people, and welcome to Week in Review (WiR), TechCrunch’s regular newsletter that highlights the top news in tech over the past week (or so). If you haven’t already, sign up here to get WiR in your inbox every Saturday. Most read Reddit’s CEO lashes out: Reddit CEO Steve Huffman is not backing down amid […]

Reddit’s CEO lashes out, Twitter gets evicted, and NYC delivery workers get a pay raise by Kyle Wiggers originally published on TechCrunch

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Ticketmaster, SeatGeek, Live Nation agree to disclose fees upfront (thanks, Biden)

Ticketmaster, SeatGeek, Live Nation and other companies have agreed to disclose ticket prices upfront, putting an end to the extra fees that consumers can’t see until the end of the billing process. President Joe Biden held a meeting on Thursday to announce the good news. Biden said that the solution to what he calls “junk […] Ticketmaster, SeatGeek, Live Nation agree to disclose fees upfront (thanks, Biden) by Lauren Forristal originally published on TechCrunch
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Friday, June 16, 2023

Meta says it’s totally fine for 10-year-olds to wear its VR headset, probably

Meta will soon officially permit users as young as 10 to use its Meta Quest 2 and 3 VR headsets — if their parents say it’s okay, anyway. In a blog post, the tech giant says that there’s “a vast array of engaging and educational apps, games, and more” for the kiddos, even if the […]

Meta says it’s totally fine for 10-year-olds to wear its VR headset, probably by Devin Coldewey originally published on TechCrunch

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A simple bug exposed access to thousands of smart security alarm systems

U.S. power and electronics giant Eaton has fixed a security vulnerability that allowed a security researcher to remotely access thousands of smart security alarm systems. Security researcher Vangelis Stykas said he found the vulnerability in Eaton’s SecureConnect, a cloud-based system that allows customers to remotely access, manage, and arm and disarm their security alarm systems […]

A simple bug exposed access to thousands of smart security alarm systems by Zack Whittaker originally published on TechCrunch

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Musk woos ad giants in Paris to fix Twitter’s woes

In a steaming-hot, packed, VivaTech hall in Paris today, Twitter owner Elon Musk waxed lyrical on his various accomplishments, but demured over some of the bigger questions hanging over his various companies. After walking on stage and joking that he might be a “hologram or an android”, Musk also quipped that Twitter was “expensive” and […]

Musk woos ad giants in Paris to fix Twitter’s woes by Ingrid Lunden originally published on TechCrunch

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US confirms federal agencies hit by MOVEit breach, as hackers list more victims

The U.S. government has confirmed that multiple federal agencies have fallen victim to cyberattacks exploiting a security vulnerability in a popular file transfer tool. In a statement shared with TechCrunch, CISA confirmed that “several” U.S. government agencies have experienced intrusions related to the exploitation of a vulnerability in MOVEit Transfer, an enterprise file transfer tool […]

US confirms federal agencies hit by MOVEit breach, as hackers list more victims by Carly Page originally published on TechCrunch

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Smaller VCs are having an impact on diverse investors and founders

Smaller funds raising less institutional capital gives them more leverage to take risks, which is what investing in diversity is seen as.

Smaller VCs are having an impact on diverse investors and founders by Dominic-Madori Davis originally published on TechCrunch

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Feds catch another LockBit hacker, Justice Department announces

The Justice Department has arrested and charged a Russian national for his alleged role in multiple LockBit ransomware attacks against victims in the U.S. and around the world. According to a criminal complaint unsealed on Thursday, 20-year-old Ruslan Magomedovich Astamirov is accused of carrying out five cyberattacks between August 2020 and March 2023, four of […]

Feds catch another LockBit hacker, Justice Department announces by Carly Page originally published on TechCrunch

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Amazon’s $1.7B iRobot acquisition greenlighted by UK antitrust regulator

The U.K.’s antitrust regulator has given the go-ahead to Amazon’s proposed billion-dollar iRobot acquisition, concluding that the deal “would not lead to competition concerns in the U.K.” Amazon first revealed plans to buy robot vacuum maker iRobot for $1.7 billion last August, though the megabucks deal was always likely to draw scrutiny from regulators. The […]

Amazon’s $1.7B iRobot acquisition greenlighted by UK antitrust regulator by Paul Sawers originally published on TechCrunch

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Reddit CEO lashes out on protests, moderators and third-party apps

Reddit CEO Steve Huffman is not backing down amid protests against API changes made by the platform. In interviews with The Verge, NBCNews, and NPR, Huffman defended business decisions made by the company to charge third-party apps saying API wasn’t designed to support these clients. The Reddit co-founder also talked about protesting moderators, changing site […]

Reddit CEO lashes out on protests, moderators and third-party apps by Ivan Mehta originally published on TechCrunch

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It’s a bird, it’s a plane, no, it’s a crypto whale

Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. Earlier this week, I took a look at what some major crypto whales’ wallets were doing, where they parked their funds and how their activity signals movement in the broader market. I examined six wallets, which were provided […] It’s a bird, it’s a plane, no, it’s a crypto whale by Jacquelyn Melinek originally published on TechCrunch
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Thursday, June 15, 2023

LockBit claims ransomware attack on pharma giant Granules India

The Russia-linked ransomware group LockBit has claimed responsibility for a cyberattack on Indian pharmaceutical giant Granules India, and published portions of the data it allegedly stole. LockBit’s dark web leak site listed Granules India as one of its latest victims on Wednesday, according to a listing seen by TechCrunch. Granules India has yet to confirm […]

LockBit claims ransomware attack on pharma giant Granules India by Jagmeet Singh originally published on TechCrunch

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Lyft co-founder Logan Green retains board seat despite shareholder opposition

Logan Green, the co-founder and former CEO of ride-hailing platform Lyft, will remain on the company’s board despite opposition from some shareholders, according to preliminary results from the company’s annual shareholder meeting Thursday. The SOC Investment Group, an organization that says it holds corporations and leadership accountable for irresponsible and unethical corporate behavior, sent a […]

Lyft co-founder Logan Green retains board seat despite shareholder opposition by Rebecca Bellan originally published on TechCrunch

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