Sunday, December 31, 2023

What a long, strange year it’s been in enterprise tech news

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Looking back at the top enterprise news stories of the year, it's clear that generative AI dominated, but it wasn't the only news.

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I guess I’m a projector person now?

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I’ve been one of the those “I don’t own a TV” people for a long time. Really my entire adult life, excepting those times when I shared my living space with someone who brought their own to the party. My exact motivation is a bit hazy all these years later, but at a certain point, […]

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Amazon Echo Frames review, MrBeast jumps the shark and the Apple Watch gets un-banned

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Hey, folks, and welcome to Week in Review (WiR), TechCrunch’s regular newsletter recapping the week that was in tech. Typically, the stretch between Christmas and New Year’s tends to be on the sleepier side — but that wasn’t the case in 2023. Fortunately, the TC crew was around to document all that happened. This edition […]

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Remembering the startups we lost in 2023

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Not every startup collapse is an FTX or Theranos. They don’t all burn so brightly and explode so spectacularly. More often than not, there won’t be some high-profile court case and prison time. Amanda Seyfried isn’t going to play you in the made for Hulu movie. The story of most startup failures is far less […]

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No, spiders don’t want to mate with your viral body butter

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Skincare girlies, fear not — your moisturizer probably does not attract spiders. Sol de Janeiro’s Delícia Drench Body Butter, which launched earlier this month, is quickly becoming a holy grail product among skincare enthusiasts. In addition to hyaluronic acid, the lotion is packed with flashy ingredients like copaiba resin, passionflower seed oil and prebiotic hibiscus […]

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How India will navigate EVs in 2024

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India, a major player in the global automotive industry, has started focusing on transitioning to alternative fuels to curb pollution after expanding its consumer and vehicle bases and adding local manufacturing facilities over the past two decades. On this journey, 2024 will be a crucial year, as the country — the third-largest automotive market — […]

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Goodbye mysterious military space plane, and good luck – wherever you’re going

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SpaceX’s Falcon Heavy rocket launched a secretive military spaceplane to orbit last night after weeks of delays, though scant details about the mission have been released to the public. The Falcon Heavy lifted off on the clandestine mission at 8:07 PM Eastern from NASA’s Kennedy Space Plane. The U.S. Space Force’s X-37B space plane, a […]

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Facing roadblocks, China’s robotaxi darlings apply the brakes

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A few years ago, robotaxis were the darlings of venture capitalists in China. A cadre of audacious startups, including Deeproute.ai, WeRide.ai, Pony.ai and Momenta reeled in hundreds of millions of dollars to fuel their costly ambitions. With pockets overflowing, they spent generously on building self-driving vehicle fleets. Their geeky executives, swapping T-shirts for sharp suits, […]

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Should auld acquaintance be robot

on 9:36 AM in features, Tech News with No comments

This is always a strange week for us. Save for the occasional disastrous patent dispute, things are (thankfully) almost uncannily quiet in the week separating Christmas and New Year’s. You see a lot of reflective posts go up during this time, not only because the calendar year is coming to a close, but also because it’s […]

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GitHub makes Copilot Chat generally available, letting devs ask questions about code

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Earlier this year, GitHub rolled out Copilot Chat, a ChatGPT-like programming-centric chatbot, for organizations subscribed to Copilot for Business. Copilot Chat more recently came to individual Copilot customers — those paying $10 per month — in beta. And now, GitHub’s launching Chat in general availability for all users. As of today, Copilot Chat is available in […]

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The TechCrunch+ surveys you need to read ahead of 2024

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There was a lot to talk about this year, and investors and founders sure did share their thoughts freely with us in our surveys.

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More than 40 investors share their top predictions for 2024

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From when the exit market reopens to what happens with AI investing, more than 40 VCs share their predictions and expectations for 2024.

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India to block crypto exchange Binance, Kraken websites

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Financial Intelligence Unit, an Indian government agency which scrutinizes financial transactions, said Thursday nine global crypto exchanges — including Binance, Kraken, Kucoin and Mexc — are operating “illegally” in the country without complying with the local anti-money laundering act and requested the IT Ministry to block their websites. FIU said it has issued show cause […]

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Why Australia is ripe for VC

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The addition of new technology sectors into Australia’s landscape could also help attract the necessary capital and business acumen, while creating a more inclusive environment.

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Xiaomi’s first EV is the freshest take on a ‘smartphone on wheels’

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Chinese smartphone giant Xiaomi has revealed its first electric car, a sharp-looking sedan called the SU7. Slated to roll out in China next year, it’s another entry into an increasingly-crowded market for EVs. It’s also another attempt in this software-obsessed world to match up the technology people find in their phones to what goes on […]

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3 years after BLM, here’s who stuck to their diversity commitments

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A look back at some of the promises made by companies and investors following the Black Lives Matter protests of 2020.

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India pressed Apple on state-sponsored warnings, report says

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Apple’s warnings in late October that Indian journalists and opposition figures may have been targeted by state-sponsored attacks prompted a forceful counterattack from Prime Minister Narendra Modi’s government. Officials publicly doubted Apple’s findings and announced a probe into device security. Behind closed doors, senior officials from Modi’s administration went further, demanding Apple soften the political […]

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Terran Orbital’s biggest customer is close to securing funding for multi-billion-dollar constellation

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Terran Orbital may be close to receiving a major payment from its biggest customer, CEO Marc Bell has announced internally at a company wide meeting earlier this month. Rivada Space Networks is in the final stages of closing funding to help fund a mega-constellation to be built by Terran at a cost of $2.4 billion, […]

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Ask Sophie: Whatever happened to International Entrepreneur Parole?

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In this Ask Sophie article, I describe how the IEP program works and will dive into how to qualify for IEP and offer alternatives.

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The New York Times wants OpenAI and Microsoft to pay for training data

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The New York Times is suing OpenAI and its close collaborator (and investor), Microsoft, for allegedly violating copyright law by training generative AI models on Times’ content. In the lawsuit, filed in the Federal District Court in Manhattan, The Times contends that millions of its articles were used to train AI models, including those underpinning […]

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Love ’em or hate ’em, NFTs can survive thanks to the communities that drive them

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NFTs get a lot of heat, but there’s a widespread belief in the industry that there’s ample value underlying the concept and the various use cases it brings.

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BotBuilt wants to lower the cost of homebuilding with robots

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Homes aren’t getting cheaper — or necessarily easier to secure. This year, the median household income for home buyers jumped to $107,000 from $88,000 last year, according to the National Association of Realtors. The volume of homes for sale in the U.S. reached record a low, meanwhile — and shows no sign of recovery. Now, […]

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MOVEit, Capita, CitrixBleed and more: The biggest data breaches of 2023

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This year, 2023, was a hell of a year for data breaches, much like the year before it (and the year before that, etc.). Over the past 12 months, we’ve seen hackers ramp up their exploitation of bugs in popular file-transfer tools to compromise thousands of organizations; ransomware gangs adopt aggressive new tactics aimed at […]

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Apple Vision Pro tipped for late Jan/early Feb release

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We’ve known about the Vision Pro for more than half-a-year now (not to mention the years of rumors), but Apple’s first “spatial computing” device is one of consumer electronics’ biggest question marks heading into the new year. The $3,499 headset was given an “early-2024” release time frame when it was unveiled at WWDC in June, […]

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Bluesky rolls out an in-app video and music player and a new ‘hide post’ feature

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Decentralized social network Bluesky is rolling out a new in-app video and music player for links, along with a new “hide post” feature. The new additions bring Bluesky’s user experience closer to X (Twitter). The new video and music player works with YouTube, SoundCloud, Spotify and Twitch embeds. Unlike on X, where autoplay on videos […]

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The internet moments that defined 2023

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Can you believe that it was only this summer when Baby Gronk rizzed up Livvy Dunne? Sometimes, the internet’s most viral memes may seem entirely incomprehensible (like when Baby Gronk rizzed up Livvy Dunne), but the things that captivate our attention online matter. We saw a submarine of billionaires disappear before our very eyes, refreshed […]

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VCs are entering 2024 with ‘healthy paranoia’

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Today on Equity, we're joined by Deepka Rana, a London-based Principal at Northzone focused on early-stage companies across consumer internet and B2B SaaS.

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What VCs are looking for in the next wave of cybersecurity startups

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The next wave of successful startups will help companies harness GenAI to improve organizational productivity while preventing attacks.

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Hackers stole $2 billion in crypto in 2023, data shows

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For yet another year, hackers stole billions of dollars in crypto. But for the first time since 2020, the trend is downwards, according to crypto security firms. This year, hackers stole around $2 billion dollars in crypto across dozens of cyberattacks and thefts, according to De.FI, the web3 security firm that runs the Rekt leaderboard. […]

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The eternal struggle between open source and proprietary software

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Whenever chaos engulfs a proprietary technology relied on by millions, the default knee-jerk reaction from many seems to be: “Hey, let’s see what the open source world has to offer.” Case in point: X’s (Twitter) steady demise since Elon Musk took over last year led many to search for more “open” alternatives, be it Mastodon […]

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Nonprofit Code.org sues Byju’s unit WhiteHat Jr over payment dues

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Code.org, the US educational non-profit, has filed a lawsuit in a California district court alleging that Byju’s subsidiary WhiteHat Jr breached a licensing contract by failing to pay fees while continuing to use Code.org’s platform. WhiteHat Jr, which sold to Byju’s for $300 million in 2020, partnered with Code.org last year and agreed to pay […]

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In a slow year for enterprise tech M&A, there were few standout deals

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It was a slow year in enterprise technology M&A, and the total was the second lowest since we started compiling the data in 2018.

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Salesforce escaped from the jaws of activists to find stability in 2023

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Salesforce started the year with an unusual level of turbulence, but after escaping activist investors, it ended up having a good year.

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Salesforce escaped from the jaws of activists to find stability in 2023

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Salesforce started the year with an unusual level of turbulence, but after escaping activist investors, it ended up having a good year.

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Amazon’s new Echo Frames can’t touch the Ray-Ban Meta

on 11:33 AM in features, Tech News with No comments

This April marked the 10th anniversary since Google released the first generation of Glass. It may be difficult to believe with a decade of hindsight, but the limited release “Explorer’s Edition” were coveted objects. For a little while, at least, they felt like the future. The last 10 years of smartglasses has, however, been an […]

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GM stops Chevy Blazer EV sales after early software problems

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General Motors has temporarily halted sales of the brand new Chevy Blazer EV after some of the first vehicles shipped encountered a number of software problems. The automaker says it is “working quickly to roll out a fix, and owners will be contacted with further information on how to schedule their update.” It didn’t offer […]

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Deal Dive: Thank god a startup is solving the bed bug problem

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Spotta's devices can identify bugs before they become infestations, both indoors and outdoors.

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This week in AI: AI ethics keeps falling by the wayside

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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 recent stories in the world of machine learning, along with notable research and experiments we didn’t cover on their own. This week in AI, the news cycle finally (finally!) quieted […]

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Defy the odds, create a unique niche, and succeed beyond the hype

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When faced with seemingly insurmountable odds or a potential windfall investment, what is most important is that you stay true to your company's mission.

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GM stops Chevy Blazer EV sales after early software problems

on 6:33 AM in features, Tech News with No comments

General Motors has temporarily halted sales of the brand new Chevy Blazer EV after some of the first vehicles shipped have encountered a number of software problems. The automaker says it is “working quickly to roll out a fix, and owners will be contacted with further information on how to schedule their update.” It didn’t […]

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Top robotics names discuss humanoids, generative AI and more

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Last month, I took an extended break. In a bid to keep my robotics newsletter Actuator (subscribe here) up and running, however, I reached out to some of the biggest names in the industry. I asked people from CMU, UC Berkeley, Meta, Nvidis, Boston Dynamics and the Toyota Research Institute the same six questions, covering […]

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A first look at nine new IndieBio NY companies that will present to VCs next month

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It was pure coincidence, but months before the pandemic took hold around the world, IndieBio — a startup accelerator devoted to startups using biology to solve large problems — expanded its remit, adding a New York arm to the operations it was already running out of San Francisco. Of course, it’s because of what the […]

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How simplifying the production of customized merchandise led this Lisbon startup to raise $19M

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The advent of the Internet combined with the ability to customise items such as clothing long ago created a revolution in marketing, especially for merchandise purposes. I think we’re all familiar with the ‘merch’ phenomena by now, no? Benefitting from that long-term trend is SME-focused, customized merchandise startup Bizay, which has been able to raise […]

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Dog-themed memecoins are pawing their way back into investors’ hearts

on 12:20 AM with No comments

Welcome back to Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Editor’s note: There won’t be a newsletter on 12/28; hope you all have a happy holidays and talk to you in the new year! It seems […]

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Even without Adobe, things don’t look too bad for Figma

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Now that Adobe is no longer part of the picture, how Figma sailed through this period of uncertainty suggests it will come out of this saga relatively unscathed.

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Intuitive Machines, SpaceX push lunar lander launch date to February

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Intuitive Machines is pushing back the mission of its first lunar lander to mid-February in coordination with launch provider SpaceX, the company said earlier this week. The Houston, Texas-based company said that the new launch window “comes after unfavorable weather conditions resulted in shifts in the SpaceX launch manifest.” The new launch target date, which […]

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Quick! Get these last-minute gifts for the gamer in your life

on 12:11 AM with No comments

2023 was an absolute unit of a year for gaming. No one could possibly have played all the awesome titles that came out across platforms. I certainly didn’t. But that also means that you have options for grabbing a last-minute gift for that gamer in your life! I’ve gathered a few of the best titles […]

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FTC proposes to strengthen COPPA, closing loopholes that allowed tech to surveil kids

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The FTC has proposed tightening up the rules protecting kids from the surveillance economy. The updated rules would require companies to get the OK from parents before sharing data with advertisers and prohibit holding onto data for nebulous “internal operations,” among other things. “The proposed changes to COPPA are much-needed, especially in an era where […]

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Podimo raises €44M to turn up the volume on its Netflix-style podcasting platform

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We are fast approaching half a billion people listening to podcasts, and today one of the independent players hoping to cash in on that activity has announced some funding to grow. Podimo, the Copenhagen-based podcasting startup that’s built around a Netflix-style monthly subscription fee, has raised another €44 million ($48 million at today’s rates) in […]

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India passes telecom law paving the way for Musk’s Starlink amid privacy concerns

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India’s parliament has passed a telecommunications bill that replaces its century-old rules as the country, with over 1.17 billion telephone connections and 881 million internet subscribers, aims to modernize connectivity and embrace new services including satellite broadband, just months before general elections. On Thursday, the upper house of the Indian parliament approved the Telecommunications Bill, […]

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Ask Sophie: Is it easier yet for AI founders to get green cards?

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Sophie Alcorn Contributor Share on X Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Ask Sophie: How […]

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Consumer Reports says Tesla’s Autopilot recall fix is ‘insufficient’

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Tesla’s fix for its Autopilot recall of more than 2 million vehicles is being called “insufficient” by Consumer Reports, following preliminary tests. Kelly Funkhouser, the nonprofit organization’s associate director of vehicle technology, tells TechCrunch she discovered it’s still possible to cover the cabin camera while using Autopilot, meaning drivers can neutralize one of the two […]

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Crypto valuations ‘came back to earth’ in 2023, but VCs expect them to rise again in 2024

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A recent spike of interest in crypto is rebuilding momentum, and many think that next year could be promising for crypto startups’ valuations.

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Tech gifts you shouldn’t buy your family and friends for the holidays

on 12:10 AM with No comments

It’s the season to go a little overboard on gift giving. But this year, give the gift of good security (and privacy) and eschew tech that can have untoward risks or repercussions. We’re not talking about things that go boom in the night or abruptly break, but rather the gifts that can have irreversible or […]

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Fulfillment is still hot, as GreyOrange raises $135M

on 12:07 AM with No comments

Over the last few years, I’ve asked countless people in the robotics space “what comes next after warehouse/fulfillment?” The already popular category got red hot during the pandemic, as online shopping turned from convenience to necessity. Amazon has been leading the space for more than a decade with in-house systems, while companies like Locus, 6 […]

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The first annual VTuber Awards was a win for VR

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On stream, Filian took the stage at the center of a colossal arena, lit with violet spotlights and surrounded by crowds of fans holding lightsticks. The streamer opened the show dressed in a vivd purple skirt, magenta bow tie, and high white boots that matched her jacket — a ritzy version of her avatar’s usual […]

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Al Mada Ventures, the $110M fund for Africans by Africans

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Al Mada Holding Group is one of Africa’s largest private investment funds. The Casablanca-headquartered private holding operates in different fields, such as banking, telecommunications, renewable energy and the food industry. Over the years, Al Mada’s approach has centered on acquiring majority shareholdings in some of Morocco’s largest private companies, with its portfolio spanning 27 markets […]

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Electric scooter company Bird files for bankruptcy

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Bird has filed for Chapter 11 bankruptcy, capping off a turbulent year for the electric scooter company. In a press release today, Bird confirmed that it had entered into a “financial restructuring process aimed at strengthening its balance sheet,” with the company continuing to operate as normal in pursuit of “long-term, sustainable growth.” Founded in […]

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Astrobotic ready to launch Peregrine lunar lander in early January

on 12:16 AM with No comments

Astrobotic’s first lunar lander is ready for lift-off. The company announced Tuesday that the lander, called Peregrine, has completed final checkouts and fueling after it was mated with United Launch Alliance’s Vulcan Centaur rocket last month. All that’s left now is launch on January 8 — followed, of course, by a historic lunar landing. “If […]

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Beeper’s upcoming fix requires users to have access to a Mac

on 12:13 AM with No comments

Beeper, the app that brings iMessage to Android users, is implementing a fix that it says will allow users to once again access the service after Apple blocked it. However, the fix requires you to have access to a Mac computer or have a friend on Beeper with a Mac. In a Reddit post, the […]

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EthSign brings DocuSign-like features to Line, Telegram with a web3 twist

on 12:11 AM with No comments

Despite the ongoing regulatory crackdown on the crypto industry and the collapse of some of its poster children, the underlying decentralized technology continues to drive internet incumbents into the web3 space. Telegram and Line, two of the world’s most popular messengers with hundreds of millions of monthly users, have both been integrating crypto features in […]

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Blue Origin’s New Shepard makes triumphant return flight

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Blue Origin’s New Shepard is officially back in action, with the company today successfully launching the suborbital rocket for the first time in more than 15 months. The rocket lifted off from Blue Origin’s launch site in West Texas at around 10:42 a.m. local time. The mission, dubbed NS-24 to mark the 24th launch of […]

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The outlook for startups in 2024 is hazy

on 12:06 AM with No comments

Even though the economy is signaling a bit of a bounce-back, 2024 might not be much better than 2023 when it comes to startups sharing a piece of the budget pie.

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ShareChat faces large valuation cut in new funding

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ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced stages of talks to invest in the new round, the sources […]

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Micromobility.com gets delisted from the Nasdaq

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Micromobility.com, formerly Helbiz, was delisted from the Nasdaq on Monday as a result of the company’s noncompliance with the stock exchange’s listing rules, according to a regulatory filing. Competitor Bird — the only other shared micromobility company to brave the public markets — was also delisted from the stock exchange in September. The company’s common stock […]

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Tesla requests pause in federal racial bias lawsuit as it wraps up other cases

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Tesla wants to pause a federal agency’s lawsuit against the automaker for racial bias against its Black workers at its Fremont assembly plant. The electric vehicle maker, in a filing in San Francisco federal court Monday, accused the U.S. Equal Employment Opportunity Commission (EEOC) of rushing to file a lawsuit in September against Tesla as […]

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Authorities claim seizure of notorious ALPHV ransomware gang’s dark web leak site

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An international group of law enforcement agencies have seized the dark web leak site of the notorious ransomware gang known as ALPHV, or BlackCat. “The Federal Bureau of Investigation seized this site as part of a coordinated law enforcement action taken against ALPHV Blackcat Ransomware,” a message on the gang’s dark web leak site now […]

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Comcast says hackers stole data of close to 36 million Xfinity customers

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Comcast has confirmed that hackers exploiting a critical-rated security vulnerability accessed the sensitive information of almost 36 million Xfinity customers. This vulnerability, known as “CitrixBleed,” is found in Citrix networking devices often used by big corporations and has been under mass-exploitation by hackers since late August. Citrix made patches available in early October, but many […]

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Salesforce acquires automated commission management platform Spiff

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Salesforce has announced plans to acquire Spiff, a platform that automates commission management for sales teams. Terms of the deal were not disclosed. Founded in 2017, Spiff serves up a low-code interface designed to make it easy for businesses to create a sales compensation plan that automatically updates based on personnel meeting their pre-agreed targets. […]

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Google Maps pushes updates to enhance user experience in India

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Google Tuesday introduced a range of new features and updates for its mapping service in India as it wraps up for the year and sets the base for the coming year. One of the latest in the series of new additions is Lens in Maps, which will be launching in 15 cities across India by […]

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WazirX volumes fall off a cliff amid India’s crypto scrutiny

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The trading volume at top Indian crypto exchange WazirX fell to $1 billion in 2023 as the platform faced intensifying regulatory pressure in its home market alongside a broader slump for digital asset prices — and equities — globally. The total volume of cryptocurrencies traded on WazirX’s platform this year was down 90% compared to […]

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Google says it will pay $700M as a part of Play Store dispute settlement

on 9:31 PM in features, Tech News with No comments

Google said today it will pay $700 million — $630 million to U.S. consumers and $70 to a fund used by U.S. states — in a settlement over Play Store reached in September. In September, the company reached a tentative settlement in a class action lawsuit filed by U.S. states and consumers originally filed in […]

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Why Gogoro picked India as its new go-to market

on 8:31 PM in features, Tech News with No comments

Gogoro co-founder and CEO Horace Luke wants to “go big” in India even as the Taiwanese company faces challenges in its home country. The potential of India, it seems, is simply to ripe to ignore and not just because it’s the world’s biggest two-wheeler market, where 15–20 million new two-wheelers hit roads every year. Luke […]

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Clearlake and Insight reach $4.4B deal to take software maker Alteryx private

on 4:01 PM in features, Tech News with No comments

Alteryx, an Irvine, California-based software company developing data science and analytics products, today announced that it’s agreed to be acquired by private equity firms Clearlake Capital Group and Insight Partners in a deal worth $4.4 billion. Clearlake and Insight reportedly beat out Symphony Technology Group, another private equity firm, which Reuters reported several days ago […]

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Max Q: See you next year

on 3:01 PM in features, Tech News with No comments

In this issue: AstroForge reviews setbacks (and successes) during first mission; Terran Orbital CEO says company is not looking for a buyer; and news from the FCC, Terran Orbital and more.

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Lingrove’s carbon-negative wood alternative branches out with $10M round

on 2:31 PM in features, Tech News with No comments

These days even niche industries have concerned souls looking for more eco-friendly options for materials and processes, from washing machine waste to artificial wool. Lingrove is taking on laminates — thin layers of wood and other materials — with a carbon-negative option that they claim performs better while looking as good. Laminates or veneers are […]

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Adobe and Figma end $20B acquisition plans after regulatory headwinds in Europe

on 9:01 AM with No comments

Adobe’s $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans. “Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and Figma mutually agreed to terminate […]

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Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says

on 5:01 AM in features, Tech News with No comments

Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. According to the company, its food delivery business didn’t align with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast. As a result, Jumia Food will […]

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May Mobility’s driverless microtransit might beat robotaxis to profitability

on 3:05 AM with No comments

Autonomous vehicle company May Mobility has launched its first driverless on-demand microtransit service on public roads in Sun City, Arizona in partnership with transit tech company Via. The milestone is in line with May Mobility’s goal of launching rider-only operations by 2023. It also signals that the gentle onramp approach to commercializing autonomy could be […]

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Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding

on 3:02 AM with No comments

Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly-owned company by Saudi’s sovereign wealth fund Public Investment Fund (PIF), […]

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IBM to acquire StreamSets and WebMethods from Software AG for $2.3B

on 3:01 AM in features, Tech News with No comments

IBM is doling out €2.13 billion ($2.3 billion) to acquire a duo of data integration assets from Germany-based enterprise software company Software AG. The all-cash deal will see IBM take ownership of StreamSets, a data integration platform that Software AG had acquired just last year, and WebMethods, which Software AG bought for more than $500 […]

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May Mobility’s driverless microtransit might beat robotaxis to profitability

on 2:31 AM in features, Tech News with No comments

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Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding

on 12:31 AM in features, Tech News with No comments

Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly-owned company by Saudi’s sovereign wealth fund Public Investment Fund […]

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Cruise cuts a quarter of its self-driving workforce, another e-scooter startup folds and a special year-end message

on 12:05 AM with No comments

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive 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 A to Point B. […]

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Cruise cuts a quarter of its self-driving workforce, another e-scooter startup folds and a special year-end message

on 6:00 PM in features, Tech News with No comments

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Fintech’s wild ride in 2023

on 9:03 AM with No comments

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! What a year This is the last edition of The Interchange for 2023 — it’s hard to believe that the […]

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IT budgets should increase in 2024, but it still could be tough going for startups

on 9:00 AM in features, Tech News with No comments

What does it all mean for startups entering 2024? It means they have to prove their worth more than ever.

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The Rule of X and how cloud leaders should think about growth versus profit

on 9:00 AM with No comments

Assigning equal weight to growth and profitability for late-stage businesses is flawed and has caused misguided business decisions.

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Fintech’s wild ride in 2023

on 7:30 AM in features, Tech News with No comments

Posted from: this blog via Microsoft Power Automate.

The Rule of X and how cloud leaders should think about growth versus profit

on 7:00 AM in features, Tech News with No comments

Assigning equal weight to growth and profitability for late-stage businesses is flawed and has caused misguided business decisions.

Posted from: this blog via Microsoft Power Automate.

Google’s Gemini comes to more apps, Cruise slashes its workforce and Tesla issues a recall

on 12:10 AM with No comments

Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular newsletter covering the major happenings in the tech-o-sphere — or most of them, anyway. As the world’s largest AI conference, NeurIPS, got underway in sunny New Orleans, Google shared more on Gemini, its flagship AI model family — and lots happened elsewhere. In this edition […]

© 2023 TechCrunch. All rights reserved. For personal use only.

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Democracies are fragile, and hardware is hard

on 12:08 AM with No comments

Sometimes it's important to state the obvious. That democracies are fragile but that technology can help. And also that crowdfunding isn't always the best way to launch an innovative product.

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Robotics Q&A with Nvidia’s Deepu Talla

on 6:01 AM with No comments

A version of this q&a first appeared in TechCrunch’s free robotics newsletter, Actuator. Subscribe here. We’re wrapping up our end-of-year robotics Q&A series with this entry from Deepu Talla. We when I paid a visit to NVIDIA’s Bay Area headquarters, back in October. For more than a decade, Talla has been the chip giant’s Vice […]

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Robotics Q&A with Nvidia’s Deepu Talla

on 6:00 AM in features, Tech News with No comments

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Scooter startup Superpedestrian shutting down US operations, exploring sale of Europe business

on 12:14 AM with No comments

Superpedestrian, the e-scooter startup known for its self-diagnostic software, is shutting down its U.S.-based shared scooter operation on December 31 and exploring a sale of its European business, TechCrunch has exclusively learned. The company’s director of U.S. operations, Alexander Berg, confirmed the news to his team Friday afternoon on a Zoom call. Berg said the […]

© 2023 TechCrunch. All rights reserved. For personal use only.

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The best funding options for late-stage startups

on 12:12 AM with No comments

“Entrepreneurs navigating the later stages of a startup face a mine field of funding options, and not all of them are suitable for their business,” writes David Spreng, founder and CEO of Runway Growth Capital. Full TechCrunch+ articles are only available to members. Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year […]

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When it comes to generative AI in the enterprise, CIOs are taking it slow

on 12:09 AM with No comments

To hear the hype from vendors, you would think that enterprise buyers are all in when it comes to generative AI. But like any newer technology, large companies tend to move cautiously. Throughout this year, as vendors feverishly announced new generative AI-fueled products, CIOs took note. Some companies have actually been looking to cut back […]

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News publisher files class action antitrust suit against Google, citing AI’s harms to their bottom line

on 12:07 AM with No comments

A new class action lawsuit filed this week in the U.S. District Court in D.C. accuses Google and parent company Alphabet of anticompetitive behavior in violation of U.S. antitrust law, the Sherman Act, and others, on behalf of news publishers. The case, filed by Arkansas-based publisher Helena World Chronicle, argues that Google “siphons off” news […]

© 2023 TechCrunch. All rights reserved. For personal use only.

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AI plushie Grok, voiced by Grimes, was trademarked before Elon Musk’s Grok

on 3:30 PM in features, Tech News with No comments

Grimes is stepping into the toy business with “Grok,” a character that she voiced for Curio’s new line of screen-free AI plushies. The toy is not affiliated with the AI chatbot backed by Grimes’ ex, Elon Musk, which is also named Grok. Musk described xAI’s Grok as having a “rebellious streak” and a willingness to answer […]

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In the fight against Methane, a key GHG, Valley investors have hit upon an unusual target: Cow burps

on 5:29 AM in features, Tech News with No comments

What do iconic Valley investors Zachary Bogue and Chris Sacca have in common? They are both trying to stop cows from burping methane. No, really. And a Sacca investment just raised $20 million to do just that. What gives? With the conclusion of COP28, the global talks on the climate crisis, Methane is going up […]

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Waymo launches curbside robotaxi pickup at Phoenix airport

on 12:17 AM with No comments

Select Waymo One riders can now get picked up or dropped off by the company’s robotaxis curbside at Phoenix Sky Harbor International Airport. Waymo became the first autonomous vehicle operator in the U.S. to launch a paid robotaxi service to and from the airport in November 2022. The service went to an airport shuttle stop […]

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7 stellar photography gifts that won’t break the bank in 2023

on 12:14 AM with No comments

Shopping for someone whose love of taking pictures is bumping up against the creative constraints of their iPhone’s camera roll? There’s a whole world of photography gifts and gear out there, but you don’t need to spring for an expensive new camera body to get a gift that counts. If you’d like to stay well, […]

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Crypto hacks and chaos aren’t halting this holiday season

on 12:11 AM with No comments

Welcome back to Chain Reaction. Even though it’s the season to feel jolly, that’s not stopping hackers from acting out.

© 2023 TechCrunch. All rights reserved. For personal use only.

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a16z will give literally any politician money if they help deregulate tech

on 12:08 AM with No comments

Venture capital giant Andreessen Horowitz has announced its intent to begin lobbying the U.S. government, and their plan is as tone-deaf and obtuse as this summer’s dreadful “Techno-Optimist Manifesto.” Essentially, they will give to anyone — literally anyone — who “supports an optimistic technology-enabled future.” This is what’s called being a single-issue voter, and while […]

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Agility is using large language models to communicate with its humanoid robots

on 12:06 AM with No comments

I’ve spent much of the past year discussing generative AI and large language models with robotics experts. It’s become increasingly clear that these sorts of technologies are primed to revolutionize the way robots communicate, learn, look and are programmed. Accordingly, a number of top universities, research labs and companies are exploring the best methods for […]

© 2023 TechCrunch. All rights reserved. For personal use only.

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What is happening with all these new venture funds?

on 3:59 PM in features, Tech News with No comments

Against a backdrop of layoffs and continuing economic uncertainty, the announcements — particularly in such quick succession — point to a few underlying truths about the market right now.

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One-click checkout company Bolt confirms another round of layoffs

on 3:29 PM in features, Tech News with No comments

This latest round of layoffs, which the spokesperson said happened last week, follow a handful of other layoffs made by the company since 2022.

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Getaround’s Q3 earnings delight investors, but the company isn’t out of the woods yet

on 2:29 PM in features, Tech News with No comments

Peer-to-peer carsharing company Getaround has filed its first earnings report since going public a year ago via a SPAC combination. The company’s third-quarter earnings report details a company seeing quick revenue growth, but not enough top line yet to cover its expenses. Getaround reported gross bookings of $69 million in the third-quarter, resulting in $23.8 […]

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Credit Karma co-founder Nichole Mustard stepping down after more than 16 years

on 2:29 PM in features, Tech News with No comments

Credit Karma co-founder and Chief Revenue Officer Nichole Mustard is leaving the company after 16-and-a-half years, TechCrunch has exclusively learned today. A spokesperson of the consumer fintech, now a subsidiary of Intuit, confirmed Mustard’s departure via email, writing only: “I can confirm she decided to leave the company, her contributions have been significant and we […]

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Ask Sophie: How do we transfer H-1Bs? Can we transfer green cards too?

on 12:05 AM with No comments

Sophie Alcorn Contributor Share on X Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Ask Sophie: Does […]

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Privacy complaint takes aim at Musk’s X over EU ads targeted on sensitive data

on 10:29 PM in features, Tech News with No comments

Elon Musk’s X, the social media platform formerly known as Twitter, is facing a new privacy complaint in Europe related to its ad targeting tools. The complaint, which is being lodged with the Dutch data protection authority by privacy rights not-for-profit noyb, accuses X of failing to enforce its own its advertising guidelines. While X’s T&Cs […]

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Berlin climate startup ecoworks is using a high tech blend to decarbonize buildings

on 9:29 PM in features, Tech News with No comments

Berlin-based climate startup ecoworks is using digital technologies, AI and industrial robots to tackle a huge and critical problem: Energy inefficient buildings. Around three-quarters of buildings in Europe are deemed energy inefficient, per the startup, while around half of the 315 million residential units in the region have energy performance ratings of E or worse. […]

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LineNext secures $140M funding for its web3 service

on 9:29 PM in features, Tech News with No comments

LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its web3 platform. The new funding comes nearly a year after LineNext released its browser-only beta service — consumer-to-consumer(C2C) marketplace launched on its […]

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Twitch’s new nudity policy allows illustrated nipples, but not human underboob

on 5:59 PM in features, Tech News with No comments

Twitch announced sweeping updates to its sexual content policy and content classification system, which now allows previously prohibited content like illustrated nipples and “erotic dances,” in addition to clarifying what nudity is and isn’t allowed on the platform. The update follows the widespread “topless meta” backlash, after streamer and OnlyFans model Morgpie went viral for […]

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The 2024 Chevy Blazer EV RS first drive: A worthy but pricey all-electric SUV

on 3:59 PM in features, Tech News with No comments

GM has introduced a smattering of EVs in the past two years: the GMC Hummer SUV and its companion pickup truck, the Cadillac Lyriq and the Silverado EV pickup truck. But so far, none of them have had the success of the cheaper, smaller Chevy Bolt, the wedge-like all-electric hatchback that debuted nearly eight years […]

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Cruise leaders booted following initial safety probe

on 3:29 PM in features, Tech News with No comments

Nine Cruise managers and executives who worked in commercial operations, legal and policy department have left GM’s self-driving vehicle subsidiary following an initial internal analysis of the October 2 incident that left a pedestrian stuck under and then dragged by one of its robotaxis. The departures were shared with employees via an internal Slack message. […]

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True Anomaly raises $100M to scale space security tech

on 12:09 AM with No comments

True Anomaly has closed $100 million in new funding, a strong signal that the appetite for startups operating at the intersection of space and defense is far from abating. The new round was led by Riot Ventures, with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures and FiveNine Ventures. […]

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How to set up and use a CRM to run your VC fundraising process

on 12:07 AM with No comments

Customer Relationship Management (CRM) software isn’t just for managing customer relationships anymore. Here's a detailed guide to setting up your own system for pitching investors.

© 2023 TechCrunch. All rights reserved. For personal use only.

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Procurement software startup Pivot raises $21.6 million just a few months after its creation

on 11:28 PM in features, Tech News with No comments

French startup Pivot is an interesting startup story as it is scaling at a rapid pace even though startup investments are down in Europe. After raising a $5.3 million pre-seed round in April (€5 million), the company worked on the first iteration of its procurement tool over the summer. In September, Pivot started selling its […]

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Meta aims to brings its fact-checking program to Threads next year

on 10:58 PM in features, Tech News with No comments

With two large-scale elections in the U.S. in India next year, Threads aims to introduce a fact-checking checking program to the social network. Instagram head Adam Mosseri said that the social platform currently matches ratings from Facebook or Instagram to similar content. But next year fact-checkers will have tools to review posts. “We currently match […]

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Startup studio Hexa wants to partner with startups growing too slowly

on 9:28 PM in features, Tech News with No comments

Just a couple of weeks after announcing $22 million in fundraising, Paris-based startup studio Hexa is expanding beyond its studio model to partner with later stage companies that have already found product-market fit. Called Hexa Scale, with this program, the startup studio is looking for B2B companies that already generate some significant recurring revenue (ideally […]

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British International Investment backs India’s Aye Finance in $37M funding

on 8:58 PM in features, Tech News with No comments

Aye Finance, an Indian startup that offers its digital lending platform to small firms, has raised $37.18 million in a fresh funding round led by British International Investment, as it looks to continue to help micro enterprises grow their businesses and employees expand their incomes. The Series F round, which takes Aye’s total fundraising to […]

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FCC issues final denial of $885M Starlink subsidy

on 3:58 PM in features, Tech News with No comments

The FCC has made a final denial of Starlink’s application for $885 million in public funds to expand its orbital communications infrastructure to cover parts of rural America, saying the company “failed to demonstrate that it could deliver the promised service.” As previously reported, the money in question was part of the Rural Digital Opportunity […]

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Feds want anti drunk-driving tech in cars. Here’s what stands in the way.

on 2:58 PM in features, Tech News with No comments

The in-car tech used by the likes of Ford and GM to make sure drivers pay attention to the road has come a long way. But it’s just not ready to help prevent or mitigate the damage done by drunk driving, according to the National Highway Traffic Safety Administration. That assessment is threaded throughout a […]

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Terran Orbital CEO tells staff it is not looking for a buyer

on 12:18 AM with No comments

Terran Orbital CEO Marc Bell told employees Monday the company is not looking for a buyer in an effort to quash a report that it was seeking bids by the end of the month, according to sources who spoke to TechCrunch. Bell’s comments came during an all-hands meeting with staff, following a Wall Street Journal article […]

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Hasbro to cut 1,100 jobs despite Dungeons & Dragons thriving

on 12:15 AM with No comments

Hasbro is laying off 1,100 employees, according to an SEC filing. The company behind franchises like Dungeons & Dragons and Transformers, Hasbro already laid off 800 employees in January. While some employees will find out about the fate of their jobs on Tuesday, others will be cut in the coming year. By 2025, Hasbro told […]

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Ford slashes production target for all-electric F-150 Lightning to match demand

on 12:12 AM with No comments

Ford will cut production of its all-electric pickup truck in 2024 in an effort to match consumer demand. Ford executives signaled in October during its third-quarter earnings call plans to “adjust” production of its all-electric vehicles and delay about $12 billion in investments due to softening demand for higher-priced premium electric vehicles. The automaker didn’t […]

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Max Q: Our sky

on 12:09 AM with No comments

Helicity Space raises $5M to unlock fusion propulsion – and fast travel in deep space

on 12:06 AM with No comments

Helicity Space has closed a $5 million seed funding to accelerate development of a technology that could finally unlock fast, efficient travel in deep space. That technology is fusion propulsion, which has long been the domain of science fiction. The startup says that they have discovered a way to use plasma jets for fusion reaction. […]

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Fortnite maker Epic Games wins its antitrust fight against Google

on 6:58 PM in features, Tech News with No comments

On Monday, a jury sided with Epic Games over Google in an antitrust case that could reshape how app marketplaces like Google Play are allowed to operate. The unanimous verdict wraps up a three-year-long legal battle between the companies. Epic, creator of the popular online multiplayer game Fortnite, first filed its lawsuit against Google in […]

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Terran Orbital CEO tells staff it is not looking for a buyer

on 5:28 PM in features, Tech News with No comments

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Hasbro to cut 1,100 jobs despite Dungeons & Dragons thriving

on 3:58 PM in features, Tech News with No comments

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Ford slashes production target for all-electric F-150 Lightning to match demand

on 3:28 PM in features, Tech News with No comments

Ford will cut production of its all-electric pickup truck in 2024 in an effort to match consumer demand, the automaker confirmed to TechCrunch. Ford executives signaled in October during its third-quarter earnings call plans to”adjust” production of its all-electric vehicles and delay about $12 billion in investments due to softening demand for higher priced premium […]

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Max Q: Our sky

on 3:28 PM in features, Tech News with No comments

In this issue: OurSky's new funding, news from DARPA, the FAA and more

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Relevance AI’s low-code platform enables businesses to build AI teams

on 2:58 PM in features, Tech News with No comments

Many companies already use generative AI tools, like OpenAI’s ChatGPT, which can help improve workers’ performance by as much as 40% compared with workers who don’t use it. However, only businesses with large engineering teams can build their own AI workforces. An Australia-based startup, Relevance AI, wants to help companies of all sizes build custom AI […]

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Helicity Space raises $5M to unlock fusion propulsion – and fast travel in deep space

on 2:58 PM in features, Tech News with No comments

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23andMe changes to terms of service are ‘cynical’ and ‘self-serving,’ lawyers say

on 2:28 PM in features, Tech News with No comments

Two days before 23andMe disclosed that hackers had accessed the personal and genetic data of almost 7 million customers, the genetic testing giant updated its terms of service. The changes are an effort to make it more difficult for the victims of the breach to band together in filing a legal claim against the company, […]

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Lucid CFO bounces after Gravity SUV debut

on 2:28 PM in features, Tech News with No comments

Lucid’s chief financial officer Sherry House is leaving the company to “pursue other opportunities,” the automaker told investors on Monday. The news comes less than a month after Lucid debuted its luxury Gravity SUV, and mere days after Nasdaq bumped the firm from the Nasdaq-100 index (alongside eBay and Zoom). Lucid’s stock ended regular trading […]

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Cruise faces fines, TuSimple exits the U.S. and a new reporter joins the TC transpo team

on 12:09 AM with No comments

Senator Warren calls out Apple for shutting down Beeper’s ‘iMessage to Android’ solution

on 12:06 AM with No comments

U.S. Senator Elizabeth Warren (D-Mass.) is throwing her weight behind Beeper, the app that allowed Android users to message iPhone users via iMessage, until Apple shut it down. Warren, an advocate for stricter antitrust enforcement, posted her support for Beeper on X (formerly Twitter) and questioned why Apple would restrict a competitor. The post indicates […]

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Amazon loses second AWS India and South Asia top exec in less than a year

on 11:58 PM in features, Tech News with No comments

Vaishali Kasture, the executive Amazon appointed as the interim head of AWS India and South Asia, has quit the firm, a source familiar with the matter told TechCrunch, merely seven months into the top role. Amazon didn’t immediately respond to a request for comment by email and phone. Amazon counts India as one of its […]

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US-China tech war escalates over EV battery dominance

on 11:28 PM in features, Tech News with No comments

Semiconductors have in recent years become a focal point in the U.S.’s efforts to impede China’s technological advancement. Now Washington has its eye on yet another red-hot tech sector where China is making great strides: batteries for electric vehicles. Earlier this month, the Departments of Treasury and Energy proposed rules that would limit electric vehicle […]

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Elon Musk brings Alex Jones and Infowars back on X after user poll

on 9:28 PM in features, Tech News with No comments

Elon Musk has restored the X accounts of conspiracy theorist Alex Jones and his media site Infowars. The X accounts of Jones and Infowars were “permanently banned” from Twitter by the previous management in 2018 for posting abusive content and violating the platform’s rules. Musk ran a user poll on X on December 9 asking whether […]

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SumUp taps €285M more in growth funding to weather the fintech storm

on 5:58 PM in features, Tech News with No comments

SumUp — the fintech that provides payments and related services to some 4 million small businesses in Europe, the Americas and Australia — has picked up some growth funding to navigate the choppy waters of the current fintech market, waters that have tipped and swayed SumUp itself. The startup, which has roots in Germany but […]

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Cruise faces fines, TuSimple exits the U.S. and a new reporter joins the TC transpo team

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Senator Warren calls out Apple for shutting down Beeper’s ‘iMessage to Android’ solution

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How to push PaaS usage beyond 12-factor apps

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Companies embracing the PaaS paradigm must recognize that there won't be a one-size-fits-all workload solution.

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Do you believe in job after job?

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People moving on to new jobs is not a bad thing — and not only when they have been laid off. That's why it's uplifting to see employers encourage this process.

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Robotics Q&A with Boston Dynamics’ Aaron Saunders

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For the next few weeks, TechCrunch’s robotics newsletter Actuator will be running Q&As with some of the top minds in robotics. Subscribe here for future updates. Part 1: CMU’s Matthew Johnson-Roberson Part 2: Toyota Research Institute’s Max Bajracharya and Russ Tedrake Part 3: Meta’s Dhruv Batra This time it’s Boston Dynamics CTO, Aaron Saunders. He […]

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System of intelligence — generative AI at the app layer

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This week in AI: Mistral and the EU’s fight for AI sovereignty

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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 recent stories in the world of machine learning, along with notable research and experiments we didn’t cover on their own. This week, Google flooded the channels with announcements around Gemini, […]

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Google fakes an AI demo, Grand Theft Auto VI goes viral and Spotify cuts jobs

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Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular newsletter that recaps the past few days in tech. AI stole the headlines once again, with tech giants from Google to X (formerly Twitter) heading off against OpenAI for chatbot supremacy. But plenty happened besides. In this edition of WiR, we cover Google faking a […]

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Do you believe in job after job?

on 12:27 PM in features, Tech News with No comments

People moving on to new jobs is not a bad thing — and not only when they have been laid off. That's why it's uplifting to see employers encourage this process.

Posted from: this blog via Microsoft Power Automate.

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