Saturday, August 17, 2024

TechCrunch Minute: Lockheed Martin rescues satellite manufacturer Terran Orbital

Lockheed Martin is acquiring satellite manufacturer Terran Orbital, taking the smaller company private and potentially rescuing it from running out of cash while facing serious debt. Although Terran Orbital itself wasn’t founded until 2013, its history goes back to the late ’90s, to the development of the CubeSat, which became the flagship in a new […]


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African e-commerce company Jumia completes sale of secondary shares at $99.6M

Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American depositary shares (ADSs) and raise more than $100 million, given its share price of around $5.70 at the time. The e-tailer has now completed the at-the-market transaction offering of 20,227,736 ADSs. Jumia sold the shares at an […]


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Friday, August 16, 2024

Apple reportedly has ‘several hundred’ working on a robot arm with attached iPad

Apple is reportedly shifting into the world of home robots after the wheels came off its electric car. According to a new report from Bloomberg, a team of several hundred is working on its potential first product: a robotic arm with an “iPad-like” display attached. The home product would take a page out of Amazon’s […]

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Rimac squeezes more power into its new all-electric hypercar Nevera R. And it only starts at $2.5 million

Rimac revealed Friday during The Quail, a Motorsports Gathering at Monterey Car Week the Nevera R, an all-electric hypercar that’s meant to push the performance bounds of its predecessor.

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A hellish new AI threat: ‘Undressing’ sites targeted by SF authorities

While the ethics of AI-generated porn are still under debate, using the technology to create nonconsensual sexual imagery of people is, I think we can all agree, reprehensible. One such method is “undressing” sites, which take a normal, clothed photo of a person and generate a fake nude version from it. As you might imagine, […]

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TechCrunch Minute: Lockheed Martin rescues satellite manufacturer Terran Orbital

Lockheed Martin is acquiring satellite manufacturer Terran Orbital, taking the smaller company private and potentially rescuing it from running out of cash while facing of serious debt. Although Terran Orbital itself wasn’t founded until 2013, its history goes back to the late ’90s, to the development of the CubeSat, which became the flagship in a […]

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Meta draws fresh questions from EU over its CrowdTangle shut-down

The Commission is seeking more information from Meta following its decision to deprecate its CrowdTangle transparency tool. The latest EU request for information (RFI) on Meta has been made under the bloc’s Digital Services Act (DSA) — an online governance framework which empowers enforcers to punish non-compliance with fines of up to 6% of global […]

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What is Instagram’s Threads app? All your questions answered

In the last few months, Twitter alternatives — new and old — have found an audience willing to try out a new text-based social network. Mastodon, Bluesky, Spill and T2 are some of the social media platforms people are trying out. Now, Meta has stepped into the game with a big launch tied to Instagram. […]

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UK neobank Revolut valued at $45B after secondary market sale

Revolut has confirmed a new valuation of $45 billion via a secondary market share sale, shortly after the U.K.-based neobank secured its own banking license in the U.K. and in Mexico. The news positions Revolut as one of Europe’s most valuable private tech companies. Founded out of London in 2015, Revolut is one of numerous […]

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Thursday, August 15, 2024

Ben Horowitz Declares War on Michael Moritz

A social media spat between billionaire tech investors is raising questions about the journalistic independence of three-year-old news outfit SF Standard, after a reporter representing the outlet reached out to sources for a story about VC Ben Horowitz and his wife Felicia. The Standard’s sole backer is another longtime VC, Michael Moritz, and on Thursday […]

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