Monday, May 8, 2023

Tesla’s new Texas lithium refinery to support 1M electric vehicles by 2025

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Tesla officially broke ground Monday on a Texas lithium refinery, making it the only U.S. automaker to refine its own lithium. CEO Elon Musk said the refinery will produce enough battery grade lithium for 1 million electric vehicles by 2025, which would make Tesla the largest processor of lithium in North America. Tesla will continue […]

Tesla’s new Texas lithium refinery to support 1M electric vehicles by 2025 by Rebecca Bellan originally published on TechCrunch

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Shopify sells 6 River Systems to new owner

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Shopify last week announced that it would be the latest big tech firm to undergo mass layoffs. The company is cutting 20% of its 11,600-person staff. The news arrived during earnings that beat Wall Street expectations, shooting its stock price up as a result. Also included in the announcement was news that the Canadian e-commerce […]

Shopify sells 6 River Systems to new owner by Brian Heater originally published on TechCrunch

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Elon Musk teases free Tesla FSD trial in North America

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Tesla CEO Elon Musk has laid out a rough plan for expanding access to Full Self-Driving (FSD), the company’s advanced driver assistance system (ADAS), throughout North America and the rest of the world. “Once FSD is super smooth (not just safe), we will roll out a free month trial for all cars in North America,” […]

Elon Musk teases free Tesla FSD trial in North America by Rebecca Bellan originally published on TechCrunch

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Daily Crunch: In its second markdown in 4 months, Invesco slashes Swiggy’s valuation to $5.5B

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Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Daily Crunch: In its second markdown in 4 months, Invesco slashes Swiggy’s valuation to $5.5B by Christine Hall originally published on TechCrunch

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Antimetal is putting AI to work to root out cloud cost inefficiencies

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One constant theme we’ve been hearing from the big cloud infrastructure vendors this year is helping customers increase the efficiency of their cloud spend. Cloud bills have grown enormously as companies move more workloads. Combine that with a high level of economic anxiety, and a pronounced switch from a growth to efficiency mindset, and customers […]

Antimetal is putting AI to work to root out cloud cost inefficiencies by Ron Miller originally published on TechCrunch

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Hear how Sensi.AI is building AI for remote patient monitoring

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Remotely monitoring patients without violating their privacy is a challenging task. But one co-founder believes that he’s cracked the code. I’m excited to announce I’m speaking with Romi Gubes, the CEO of Sensi.AI, a startup developing audio-based algorithmic software to detect abnormalities that could indicate possible maltreatment of an impaired patient. We’ll be joined on […]

Hear how Sensi.AI is building AI for remote patient monitoring by Kyle Wiggers originally published on TechCrunch

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Qualcomm acquires Autotalks to boost Snapdragon’s automotive safety technology, reportedly for $350-400M

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Qualcomm’s longer term bet on the automotive sector as a lucrative customer base for its chips and related communications technology is getting a significant push today: the company announced that it is acquiring Autotalks, a fabless chipmaker out of Israel that builds semiconductor and system-on-a-chip technology to aid in automotive safety; sources tell us Qualcomm […]

Qualcomm acquires Autotalks to boost Snapdragon’s automotive safety technology, reportedly for $350-400M by Ingrid Lunden originally published on TechCrunch

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Sunday, May 7, 2023

Elizabeth Holmes, left to her own devices

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Critics are flaming The New York Times today for posting what they says is an overly empathetic 5,500-word profile of Theranos founder Elizabeth Holmes this morning. Nice to be a pretty white lady working your charm on a nyt reporter. https://t.co/BTPukyMt9A — Soledad O’Brien (@soledadobrien) May 7, 2023 pretty incredible to write a performatively angsty […]

Elizabeth Holmes, left to her own devices by Connie Loizos originally published on TechCrunch

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3one4 Capital, driven by contrarian bets, raises $200 million new fund

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Partners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height of the worsening global economy, they had secured $200 million, they disclosed on Monday. It’s the fourth marquee fund for the Bengaluru-headquartered fund, whose portfolio […]

3one4 Capital, driven by contrarian bets, raises $200 million new fund by Manish Singh originally published on TechCrunch

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Persona and Index Ventures talk identity, and identifying a good deal

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Identity management used to mean making sure you had your driver’s license when you left the house, but these days it’s not so easy: Identity fundamentally underpins how we engage with the digital world, and identity services can take on many forms (and, unfortunately, abuses). I’m excited to host a TechCrunch Live event with Persona […]

Persona and Index Ventures talk identity, and identifying a good deal by Matt Burns originally published on TechCrunch

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NFX’s James Currier: Where unicorn ideas come from and why founders ‘have to keep pivoting’

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“This is really only talking about world-changing, big-ass businesses with a lot of impact that could be a billion dollars or more in value."

NFX’s James Currier: Where unicorn ideas come from and why founders ‘have to keep pivoting’ by Walter Thompson originally published on TechCrunch

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