Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in 2015, a South Korean Court ruled on Monday. In the November hearing, prosecutors had called for Lee to be in jail for five years and a […]
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Felicis, the 16-year-old Bay Area-based early-stage venture firm, has a reputation for investing globally. Indeed, firm founder Aydin Senkut — who spent a handful of years at Google as a product manager in its earlier days — was born in Turkey and talks often of the hustle he sees in founders around the world. Felicis […]
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Naboo, a French company that was created just a couple of years ago, is trying to create a modern online experience for company seminar planning. The startup recently raised an $8 million funding round (€7.5 million) and already processes more than $1.5 million in transaction volume per month. On paper, Naboo is quite simple. It’s […]
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Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last week looks to have had a more extensive impact than previously anticipated. The trading was halted after Paytm’s shares fell 10%, the artificial limit put on its […]
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TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility – your central hub for news and insights on the future of transportation. This week, read about autonomous vehicle company […]
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A survey of TechCrunch readers reveals that while the spot ETFs may boost bitcoin's price, they may not be attracting many people who don't own bitcoin.
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Last week, at a StrictlyVC event in San Francisco, we sat down with Mamoon Hamid and Ilya Fushman, two longtime VCs whose paths first crossed as children in Frankfurt, Germany, and who were brought in to reboot the storied venture firm Kleiner Perkins roughly six years ago. They’ve seemingly accomplished their mission to burnish the […]
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Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular newsletter that recaps the week in tech that was. And, boy, was it a week. Lots happened — let’s dig in. As layoffs in tech picked up, the Vision Pro, Apple’s attempt at an AR headset, launched with hundreds of apps right out the gate. […]
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The makers of two phone surveillance services appear to have shuttered after the owner agreed to settle state accusations of illegally promoting spyware that his companies developed. PhoneSpector and Highster were consumer-grade phone monitoring apps that facilitated the covert surveillance of a person’s smartphone. Commonly dubbed stalkerware (or spouseware), these apps are typically planted on […]
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Electric motorcycle startup Cake filed for bankruptcy February 1, CEO Stefan Ytterborn has confirmed to TechCrunch. The Swedish company was in the middle of a funding round, just prior to the filing, but apparently the withdrawal of an investor was what tipped the company over the edge, according to Swedish media reports. Ytterborn declined to […]
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SpaceX will become the co-owner of valuable data, biological samples, and possibly even patents and intellectual property related to human spaceflight, according to the terms and conditions of a new program inviting research on crewed Dragon missions. The company started quietly inviting proposals “for exceptional science and research ideas that will enable life in space and […]
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Apple releases its ambitious Vision Pro headset to consumers today, February 2. There are over 600 apps and games currently available on the visionOS store, with more to come. Although Netflix and YouTube aren’t launching dedicated apps, there are still a lot of apps that could be great to start the Vision Pro journey with — […]
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Controversies and PR headaches weren’t enough to dissuade Spotify from re-upping its agreement with podcaster Joe Rogan, whose show over the past couple of years drove divisions among music fans and artists alike and even prompted some big names, like Neil Young, to pull their catalogs from the streaming service. Regardless, the show remained popular […]
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"I’m not anti-speculation, but I think it’s a question of priorities... It’s putting the cart before the horse."
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The European Union’s AI Act, a risk-based plan for regulating applications of artificial intelligence, has passed what looked to be the final big hurdle standing in the way of adoption after Member State representatives today voted to confirm the final text of the draft law. The development follows the political agreement reached in December — […]
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