Fisker’s plan to liquidate its assets has been accepted by the bankruptcy court in Delaware. And with it, the issue of who should pay for labor costs associated with a pair of recalls on the bankrupt EV startup’s SUVs is finally settled. Fisker has also reached a deal with American Lease, the buyer of its […]
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Hiya, folks, welcome to TechCrunch’s regular AI newsletter. If you want this in your inbox every Wednesday, sign up here. Last week, AWS lost a top AI exec. Matt Wood, VP of AI, announced that he’d be leaving AWS after 15 years. Wood had long been involved in the Amazon division’s AI initiatives; he was appointed […]
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Africa’s blockchain and crypto space is receiving a much-needed venture boost during a tough time for startups, some of which have retreated from specific markets or completely shut down due to issues like harsh regulatory environment, macros or downright mismanagement. The boost involves Yellow Card, the U.S.-founded crypto platform launched in Nigeria in 2019, which […]
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Soon, it’ll be easier to end recurring subscriptions and memberships — if the FTC has its way. Today, the U.S. Federal Trade Commission announced a final “click-to-cancel” rule that’ll require companies selling subscription-based products to make it “as easy for consumers to cancel their enrollment as it was to sign up.” First put forth for […]
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While most countries’ lawmakers are still discussing how to put guardrails around artificial intelligence the European Union is ahead of the pack, having passed a risk-based framework for regulating AI apps earlier this year. The law came into force in August, although full details of the pan-EU AI governance regime are still being worked out […]
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The United Kingdom’s NHS — the world’s largest public health service — is working on creaking IT infrastructure. In any sector, that’s a ticking time bomb. But when you consider that the NHS holds medical records for nearly 67 million people, a breach of that system could become a meltdown. This article from the Financial […]
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The retail sector needs Inventory planning to maintain margins and meet demand. This is getting harder because there are now many distribution channels, more complex supply chains, and shorter sales cycles. Mid-market retailers and premium brands have less firepower than the retail giants and tend to rely on legacy software. Founded in 2020, Autone aims […]
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As calls for urgent climate action persist, technologies to help remove the heat-trapping greenhouse gases from the atmosphere are also emerging globally. In Africa, Octavia Carbon, a Direct Air Capture (DAC) startup is leading the efforts. Octavia, founded in Kenya two years ago, builds DAC machines that it uses to capture carbon, a greenhouse gas […]
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David Karandish has been busy. Capacity, his support automation company, was planning a $5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additional $21 million for what became Capacity’s $26 million Series D. […]
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From Switzerland’s Founderful to Italians Founders Fund and the Dutch Operator Fund, a new crop of European VC firms claim to operate as “entrepreneurs backing entrepreneurs.” Although it might still be early to call it a trend, Swedish fund Node.vc has now joined this group, with €71 million in funding to deploy into startups across […]
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Sophia Tung set up a livestream this past summer, showing self-driving Waymo cars honking from the San Francisco parking lot near her apartment at all hours of the night. As a kind of apology for the nuisance, Waymo threw an ice cream party in Tung’s building and gave Tung, a former Twitter engineer, some promo […]
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Meet Storio, a French startup that’s focused on providing smart energy storage for commercial and industrial customers. Founded in 2023, the startup raised a €5 million seed round earlier this year (around $5.5 million at current exchange rates) and has signed its first client. Storio believes solar panels have a bright future. But the company […]
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Dane Stuckey, the former CISO of analytics firm Palantir, has joined OpenAI as its newest CISO, serving alongside OpenAI head of security Matt Knight. Stuckey announced the move in a post on X Tuesday evening. “Security is germane to OpenAI’s mission,” he said. “It is critical we meet the highest standards for compliance, trust, and […]
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Pear VC, a prominent seed-focused venture firm, invites about 20 startups per semi-annual sessions to its coveted PearX accelerator.
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In just over two weeks, TechCrunch will gather some of the startup world’s leading companies at Disrupt in San Francisco. But our partners provide more than just financial support. Their presence at Disrupt gives startups at any stage the tools, knowledge, and community they need to be a success. We thank Meta for their support […]
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