Monday, March 24, 2025

A Chinese tech giant says it slashed AI costs using only Chinese chips

Earlier this year, DeepSeek briefly crashed Nvidia’s stock because of speculation that its models require far fewer chips. Now, Chinese fintech giant Ant Group, which is backed by Alibaba founder Jack Ma, is claiming a major AI breakthrough. Ant was able to use Chinese chips made by Alibaba and Huawei to create methods that cut […]

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a16z and Benchmark-backed 11x has been claiming customers it doesn’t have

Last year, AI-powered sales automation startup 11x appeared to be on an explosive growth trajectory. However, nearly two dozen sources – including investors, current and former employees – tell TechCrunch that the company has experienced financial struggles, largely of its own making.  Numerous people in the U.S. and U.K. told TechCrunch that the situation has […]

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Vertical farming company Plenty files for bankruptcy after raising nearly $1B

Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science […]

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The Trump administration planned Yemen strikes in an unauthorized Signal chat

The Trump administration’s national security leaders accidentally included the editor-in-chief of the Atlantic, Jeffrey Goldberg, in a chat on Signal discussing confidential plans to attack Yemen’s Houthis. “I could not believe that the national-security leadership of the United States would communicate on Signal about imminent war plans,” Goldberg wrote of the March 15 messages, which […]

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Fair-code pioneer n8n raises $60M for AI-powered workflow automation

Developer tooling is changing rapidly with AI. So companies that are making it easier to adopt AI in their workflows are seeing a boom of attention. After a startup called n8n (pronounced “enay-ten”) pivoted its workflow automation platform to become more AI-friendly in 2022, it said it saw its revenues increase 5X, doubling in the […]

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Revel opens first EV fast-charging hub in San Francisco

Brooklyn-based electric vehicle charging infrastructure startup Revel on Monday launched its first fast-charging station in San Francisco, kicking off its plans to expand across the Bay Area over the next year.  “For years, Revel has operated the largest, fastest, and most reliable fast-charging network in New York City,” Frank Reig, co-founder and CEO of Revel, […]

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Step into the spotlight: Apply to speak at TechCrunch Disrupt 2025

Calling all tech innovators, startup fanatics, marketing gurus, and emerging VCs — this is your moment! You’ve waited long enough, and now the time has come to step into the spotlight at TechCrunch Disrupt 2025, taking place October 27–29 in San Francisco. Share your expertise with over 10,000 eager attendees and make an impact by […]

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Ex-Network International execs raise $6M for Enza, an African fintech serving banks

Over the past decade, Dubai-based Network International has become one of the dominant payment processors across the Middle East and Africa, thanks in part to a pair of acquisitions. However, many large incumbents can fall prey to slower innovation, opening the door for smaller, faster-moving startups. The latest development is Enza, a fintech founded in […]

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Sunday, March 23, 2025

DNA testing company 23andMe files for bankruptcy protection, CEO resigns

Genetics testing company 23andMe has filed for Chapter 11 bankruptcy protection in the U.S. to initiate the sale of its assets. Alongside, the company’s co-founder and CEO Anne Wojcicki said she is leaving the company to become an independent bidder for the company. “After a thorough evaluation of strategic alternatives, we have determined that a […]

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Former Cruise CEO Kyle Vogt’s new robotics startup reportedly raises another $150M

The Bot Company, the robotics startup founded by former Cruise co-founder and CEO Kyle Vogt, has raised $150 million in a round led by Greenoaks, according to Reuters, citing unnamed sources. Vogt founded the startup with Paril Jain, who led the AI tech team at Tesla, and former Cruise software engineer Luke Holoubek. Vogt did […]

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Buy now, pay later . . . for a burrito?

In 2010, a programmer who was mining bitcoin famously made the comically expensive mistake of spending 10,000 bitcoin on two pizzas. As of this writing, those coins would be worth $850 million dollars. While there are few comparisons to that kind of miscalculation, the prospect of adding interest payments to fast-food orders is raising concerns […]

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