Tesla management told employees Monday that the recent round of layoffs — which gutted some departments by 20% and even hit high performers– were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter […]
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iGBA was an ad-supported copy of the open-source project GBA4iOS that offered a Game Boy game emulator for iOS.
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A few months after its launch, how is Apple’s Vision Pro faring? The company’s ambitious bet on computers that nestle on your face instead of sit on your desk made a huge splash when it was announced and later release. However, the hype has since seemingly come back down to Earth. I am a long-term […]
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A new report from Stanford's Institute for Human-Centered Artificial Intelligence (HAI) found that global investment in AI fell for the second year in a row in 2023.
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Two high-profile executives have departed Tesla as the electric automaker lays off thousands of workers, TechCrunch has confirmed. Drew Baglino, Tesla’s SVP of Powertrain and Energy, and Rohan Patel, VP of Public Policy and Business Development have left the company, Patel told TechCrunch. Patel said he decided to leave because of “[b]ig overall changes” at […]
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Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and stock broking business in India, the two firms said Monday. The announcement follows the BlackRock and Jio Financial launching a joint venture last year to offer asset management services […]
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Social media startup ShareChat’s valuation has cratered below $2 billion from nearly $5 billion in a new funding round, a source familiar with the situation told TechCrunch, marking a steep decline for the nine-year-old Indian startup that boasts over 400 million users in the South Asian market. The Bengaluru-based startup, which operates a popular social […]
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Pula, an insurtech based in Kenya, has since 2015 been keen on enhancing the access to agricultural insurance by small-holder farmers across emerging markets, shielding them against losses from pests, diseases and/or extreme weather events like floods and droughts. So far, the insurtech has supported 15.4 million farmers in Africa, Asia and Latin America to […]
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Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. It was another wild week in the world of transportation, particularly in the EV startup and automated driving industries. […]
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It’s a long way from pedal bikes to Formula 1. But that’s precisely the quantum leap that AI-based startup Neural Concept and its co-founder and CEO, Pierre Baqué, made in just six years. In 2018, the company’s fledgling software helped develop the world’s most aerodynamic bicycle. Today, four out of 10 Formula 1 teams use […]
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Welcome to TechCrunch Fintech! This week, we’re looking at how two fintech companies serving the underserved are faring, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here. The big story PayJoy is an example of a company with […]
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