Thursday, October 19, 2023

Elon Musk warns Cybertruck won’t be profitable until 2025

Tesla CEO Elon Musk issued a warning Wednesday about the soon-to-be delivered Cybertruck that might sound familiar to those who closely followed the company’s Model 3 “production hell” era. The gist? Scaling production of a vehicle like the Cybertruck is hard and it’s going to take awhile before it’s profitable. Musk estimated that it will […]

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Trans healthcare startup Plume lays off dozens of workers

on 12:06 AM with No comments

Plume, a startup founded to offer essential online healthcare services to trans people across the U.S., laid off more than two dozen workers in October, several sources close to the company told TechCrunch. Transphobia is rife within the healthcare industry; it’s one reason why transgender patients struggle to access basic care. Legal barriers are also […]

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Zero to Employment Hero: HR unicorn nabs $167M to be Australia’s ‘biggest export since Atlassian’

on 12:05 AM with No comments

In a startup world where down rounds prevail and much beyond low-million Series A raises are practically (but not totally) unheard of, those rare megabuck funding rounds stand out just that little bit more today than they did even a year ago. With that in mind, Employment Hero, an Australia-based recruitment, HR and payroll platform, today […]

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Made Renovation, which intrigued, then infuriated, its customers, is shutting down

on 12:05 AM with No comments

In August, we reported that a four-year-old, venture-backed remodeling startup called Made Renovation was failing its customers, by their own telling. Though it marketed itself as a one-stop shop to beautify bathrooms — it offered potential customers a variety of templates, then promised to pair them with in-house project managers, help with required permits, assign […]

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French VC firm Founders Future just acquired an equity crowdfunding platform, Sowefund

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

Here’s an interesting move. Founders Future, a well-known VC firm in the French tech ecosystem, acquired an equity crowdfunding marketplace called Sowefund. While terms of the deal remain undisclosed, Sowefund has been profitable since 2022 with around 20 employees. Following this move, Founders Future now has two separate yet complementary businesses. With its VC funds, […]

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GM, Cruise and Honda to launch robotaxi service in Japan

on 7:28 PM in features, Tech News with No comments

General Motors, self-driving car subsidiary Cruise and Honda plan to launch a robotaxi service in Japan under a new joint venture, the three companies announced today. The companies intend to launch the service with the custom-built Cruise Origin vehicles in central Tokyo in early 2026. The service will start with dozens of Cruise Origins. The […]

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Elon Musk warns Cybertruck won’t be profitable until 2025

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

Posted from: this blog via Microsoft Power Automate.

Zero to Employment Hero: HR unicorn nabs $167M to be Australia’s ‘biggest export since Atlassian’

on 4:28 PM in features, Tech News with No comments

Posted from: this blog via Microsoft Power Automate.

Trans healthcare startup Plume lays off dozens of workers

on 4:28 PM in features, Tech News with No comments

Posted from: this blog via Microsoft Power Automate.

Made Renovation, which intrigued, then infuriated, its customers, is shutting down

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

In August, we reported that a four-year-old, venture-backed remodeling startup called Made Renovation was failing its customers, by their own telling. Though it marketing itself as a one-stop shop to beautify bathrooms — it offered potential customers a variety of templates, then promised to pair them with in-house project managers, help with required permits, assign […]

Posted from: this blog via Microsoft Power Automate.

Biden further chokes off China’s AI chip supply with Nvidia bans

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

In August last year, a ban on Nvidia’s chip export to China sent the country’s budding artificial intelligence startups scrambling for alternatives. A momentary sense of relief came when Nvidia unveiled chips with reduced performance to bypass export restrictions. But this respite was short-lived. On Tuesday, the Biden administration announced a slew of measures to […]

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Peak XV invests $35 million in wealth and asset management startup Neo

on 4:58 AM in features, Tech News with No comments

Peak XV Partners has invested $35 million in Neo, a fintech startup founded by industry veterans, as the largest India-focused VC broadens its bets on wealth and asset management. Neo operates a suite of wealth and asset management services, serving businesses, sovereign and pension funds and large family offices and individuals with ultra-high net-worths. The […]

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Meta consolidates options to manage your Meta data

on 4:28 AM in features, Tech News with No comments

Meta is rolling out new options to better manage your data related to its own platforms such as Instagram and Facebook. The company now has a single place in the Accounts Center for you to request a download of your information on Instagram and Facebook at the same time. Users can also choose to download […]

Posted from: this blog via Microsoft Power Automate.

OpenAI formally brings web search to ChatGPT as DALL-E 3 integration arrives in beta

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

OpenAI has formally launched its internet-browsing feature to ChatGPT, some three weeks after re-introducing the feature in beta after several months in hiatus. ChatGPT, the generative AI chatbot that has taken the world by storm these past 12 months, has historically been limited to data up to September, 2021 — rendering it useless as a […]

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WeWork fires back at competitor Codi with cease and desist following ‘WeWont’ campaign

on 12:06 AM with No comments

WeWork has sent a cease and desist letter to rival Codi in response to the startup’s recent marketing campaign it dubs “WeWont,” TechCrunch has exclusively learned. In the letter dated October 13, viewed by TechCrunch, WeWork’s Chief Legal Officer Pam Swidler cited “unauthorized use and misappropriation of WeWork’s intellectual property, false advertising and Tortious interference […]

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Thursday, October 19, 2023

Wednesday, October 18, 2023