New and expanded data centers are expected to double the sector’s power demand by 2029 as tech companies rush to capitalize on AI.
Sam Altman firing drama detailed in new book excerpt
An excerpt from the upcoming book “The Optimist: Sam Altman, OpenAI, and the Race to Invent the Future” offers new details about why OpenAI’s board briefly fired CEO Sam Altman back in 2023. Written by Wall Street Journal reporter Keach Hagey, the book claims the nonprofit’s board members became increasingly concerned after learning about issues […]
Amazon shakes up streaming leadership team
Amazon announced this week that Jennifer Salke is stepping down as the head of Amazon MGM Studios — a move that could indicate high-level dissatisfaction with the company’s streaming strategy over the past few years. To be clear, Salke’s boss Mike Hopkins (the head of Amazon MGM Studios and Prime Video) praised her work in […]
Elon Musk’s xAI buys X
Welcome back to Week in Review! Elon Musk says that xAI bought X in an all-stock deal; a16z-backed 11x faked some customers; the Lumon Terminal Pro pops up on Apple’s website; and much more. Let’s dig in! xAI buys X: X owner Elon Musk announced on X on Friday that xAI acquired X in an […]
A look at Intel Capital before the 34-year-old firm strikes out on its own
When Intel Capital announced its plans to spin out from semiconductor giant Intel in January, it came as a bit of a shock considering the firm has been operating as Intel’s venture investment arm since 1991. In many ways this decision marks the end of an era for what’s considered by some to be the […]
Only 3 days left to save $300+ on investor and founder tickets for TechCrunch All Stage
The final countdown is here! This is your last weekend to lock in Early Bird pricing for TechCrunch All Stage founder and investor tickets. Save up to $320 before the clock strikes 11:59 p.m. PT on March 31. Founders, charge ahead. Investors, power the mission! On July 15 at SoWa Power Station in Boston, 1,200 […]
Here are Africa’s biggest startups based on valuation
Last year, funding into African startups edged past $2 billion, returning to pre-pandemic levels and presenting a mixed bag as expected. Signs suggest 2025 will follow the cautious trends of the past two years. A sharp decline in mega-deals, mirroring global venture capital tightening since the boom of 2020-2021, pushed local and international investors to […]
Javice found guilty of defrauding JPMorgan in $175M startup purchase
Charlie Javice, the founder of student loan application startup Frank that was purchased by JP Morgan for $175 million, was found guilty on Friday of defrauding the bank by greatly inflating the customer count. After a five-week trial, the jury found Javice guilty, agreeing with prosecutors’ claims that she fabricated the vast majority of Frank’s […]