Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the world’s most populous nation. Reliance, which will control the joint venture, directly owns 16.34% of the merged entity, which it has valued at $8.5 billion. Disney will own a 36.84% stake in the merged entity, […]
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Once Lai Ching-te is inaugurated as Taiwan’s president in May, his administration will mark an unprecedented three terms of Democratic Progressive Party rule. His victory underscored the desire of voters to maintain the status quo, even as Taiwan continues to deal with the looming specter of China. Soon after he was elected in January, Lai […]
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Elon Musk’s crusade against the extremism research organization the Center for Countering Digital Hate (CCDH) will have its day in court on Thursday. Elon Musk’s X sued the CCDH last year, accusing it of “actively working to assert false and misleading claims about X.” The nonprofit, formed in 2018, conducts research on social media platforms […]
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If it wasn’t clear before that Google’s Gemini chatbot was rushed out the door, it is now. Gemini’s since-removed image generator put people of color in Nazi-era uniforms. The chatbot’s commentary continues to tend toward the absurd besides, like equating Hitler’s record with Elon Musk posting memes. On Android, Gemini also breaks Google Assistant’s song […]
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An internal congressional memo viewed by TechCrunch casts strong doubt on Rocket Lab’s claim that its Neutron rocket will be ready for launch in time to meet a crucial contract deadline from the Space Force. “In light of public reporting and media pressure, Rocket Lab has escalated their campaign to misrepresent their launch readiness in […]
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Apple’s secretive car project died without ever seeing the light of day. It’s a fitting end, considering we’ve collectively spent the last decade aware of it without really knowing too much about what the tech colossus was planning. Neither has Apple, apparently. Dozens of contemporaneous reports over that span clued the public into the vague […]
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Apparently Frank Slootman, the veteran tech executive, was popular with investors, at least judging from their reaction that he will be stepping down as CEO of Snowflake. The company stock price has plunged over 24% in after hours trading on the news. Slootman will retreat into the role of chairman of the board, while Sridhar […]
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Pitches are critical in the quest for funding and first customers. It’s rare, however, for innovators to get truly candid insight on their pitches before stepping in front of VCs. Here’s your chance for something different: We’re excited bring back “So You Think You Can Pitch” at TechCrunch Early Stage 2024, our annual founder summit […]
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Consolidation is afoot in the world of HR services, with larger players snapping up interesting, smaller startups en route to more robust unit economics and providing one-stop shops for customers looking to cut down on suppliers. In the latest development, Deel — the $12 billion HR business out of Paris — is scooping up Zavvy, […]
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Nothing isn’t one to be quiet about new releases. The London-based phone company’s media push largely relies on trickling out information about devices bit by bit. It’s been a solid strategy thus far (if a bit annoying as someone who covers this world), as so many of its announcements have been first-gen products, each generating […]
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Thrasio, the U.S. start-up that raised billions of dollars and popularized the concept of e-commerce aggregation — buying up and restructuring dozens of smaller brands and third parties selling on marketplaces like Amazon in a bid for better economies of scale — has commenced a restructuring of its own. The company has filed for Chapter […]
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Media startup Dailyhunt is in advanced stages of talks to acquire the Bengaluru-headquartered social network Koo, two sources familiar with the matter told me. The potential deal under discussion involves a share-swap agreement and could be finalized within weeks, the sources added, requesting anonymity as the matter is private. The deliberation follows Koo, which has […]
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Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue. While up from the same period a year ago, earnings came in below Wall Street’s expectations and were paired with a disappointing Q1 2024 forecast, […]
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A number of major AI services performed poorly in a test of their ability to address questions and concerns about voting and elections. The study found that no model can be completely trusted, but it was bad enough that some got things wrong more often than not. The work was performed by Proof News, a […]
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