Semiconductor giant Intel won’t spin out its venture arm, Intel Capital, after all. During Intel’s Q1 earnings call Thursday, Intel CEO Lip-Bu Tan said the company has reversed its decision to spin out its 34-year-old venture arm. Instead, Intel Capital will remain internal and continue to invest with Intel’s interests in mind. “We have made […]
Intel mandates four days in the office
Intel says that it’ll require employees to work from the office four days a week, a shift from the company’s old policy. CEO Lip-Bu Tan made the announcement during Intel’s Q1 2025 earnings call on Thursday. Previously, Intel allowed staff to work from home two days a week, but Tan said that adherence to the […]
Public comments to White House on AI policy touch on copyright, tariffs
Individuals, industry groups, and local governments submitted over 10,000 comments to the White House about its work-in-progress national AI policy, also known as the AI Action Plan. The White House Office of Science and Technology Policy (OSTP) on Thursday published the text of the submissions in a PDF spanning 18,480 pages. The comments, which touch […]
Astro Teller is joining us at TechCrunch Disrupt 2025 in October
We are thrilled to announce that Astro Teller, the head honcho of Alphabet’s X, the Moonshot Factory, will be joining us as a featured speaker at TechCrunch Disrupt 2025, happening October 27-29 at Moscone West in San Francisco. The whole affair promises to be fun filled and rife with intel and insights that you won’t […]
Evernote founder’s video startup mmhmm becomes Airtime, launches new products
Evernote founder Phil Libin is ready to liven up your video meetings. The entrepreneur’s video startup, mmhmm, launched in 2020 amid the pandemic, on Thursday unveiled its latest product: a video toolkit for online meetings called Airtime. The suite includes two related tools: a virtual camera that helps you appear more polished on video calls, […]
Report: Neumann’s Flow raises $100M+, more than doubles valuation to $2.5B
Former WeWork CEO Adam Neumann has raised over $100 million in capital for his proptech startup, Flow, in a round that values that company at about $2.5 billion, Bloomberg reported on Thursday. Citing anonymous sources familiar with the deal, Bloomberg reported that existing backer Andreessen Horowitz (a16z) participated in the financing. Neumann told Bloomberg that […]
OpenAI wants its ‘open’ AI model to call models in the cloud for help
For the first time in roughly five years, OpenAI is gearing up to release an AI system that’s truly “open,” meaning it’ll be available for download at no cost and not gated behind an API. TechCrunch reported on Wednesday that OpenAI is aiming for an early summer launch, and targeting performance superior to open models […]
OpenAI may be developing its own social platform but who’s it for?
OpenAI is reportedly building its own X-like social network. The project is still in the early stages, but there’s an internal prototype focused on ChatGPT’s image generation that contains a social feed, The Verge reports. A social app would give OpenAI its own unique, real-time data that X and Meta already use to help train […]
You’re invited to a fireside chat with Baiju Bhatt on Sand Hill Road on June 18 at StrictlyVC
We’re thrilled to announce that Baiju Bhatt, co-founder of Robinhood and founder and CEO of Aetherflux, will be joining us for a rare, intimate fireside chat as part of TechCrunch’s StrictlyVC evening series on June 18 on Sand Hill Road in Menlo Park. As with all of our StrictlyVC evenings, the event will feature just […]
Meta conducts layoffs in Oculus Studios, impacting VR exercise app Supernatural
Meta laid off employees on Thursday in its Reality Labs division, which encompasses various virtual and augmented reality projects. The cuts impact employees within Oculus Studios, which develops apps and games for Meta’s Quest headsets. Meta did not specify how many people were impacted by the layoffs but said that the cuts impacted people working […]