[[{“value”:” Humane, the company behind the hyped Ai Pin that launched to less-than-glowing reviews last month, is reportedly on the hunt for a buyer. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Oyo, once valued at $10 billion, shelves IPO plans for second time
[[{“value”:” India’s Oyo, once valued at $10 billion, has withdrawn its IPO application from the market regulator for the second time. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
Ore Energy emerges from stealth to build utility-scale batteries that last days, not hours
[[{“value”:” Where Aytac Yilmaz lives in the Netherlands, the sun might not appear for days on end, which can really crimp the output of the country’s solar panels. Wind turbines might make up some of the shortfall, but what if the wind disappears at the same time? Enter long-duration energy storage, or massive batteries tailored to […] © 2024 TechCrunch….
Paytm warns of job cuts as losses swell after RBI clampdown
[[{“value”:” Paytm, a leading financial services firm in India, said its net loss widened in the fourth quarter as it grappled with a regulatory clampdown. © 2024 TechCrunch. All rights reserved. For personal use only. “}]]
In Seoul summit, heads of states and companies commit to AI safety
[[{“value”:” Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the inaugural global summit on AI safety at Bletchley Park in England, Britain and South Korea are hosting the AI safety summit this week in Seoul. The […] © 2024 TechCrunch….
VCs wanted FarmboxRx to become a meal kit, the company bootstrapped instead
[[{“value”:” Some startups choose to bootstrap from the beginning while others find themselves forced into self funding by a lack of investor interest or a business model that doesn’t fit traditional VC. FarmboxRx decided to bootstrap because founder Ashley Tyrner didn’t like the advice she was getting from potential backers. Tyrner told TechCrunch’s Found podcast that […] © 2024 TechCrunch….
Uber’s and Lyft’s ride-hailing deal with Minnesota comes at a cost
[[{“value”:” Uber and Lyft drivers in Minnesota will see higher pay thanks to a deal between the state and the country’s two largest ride-hailing companies. The upshot: a new law that gives some protections to drivers while placing limits on state government. The bill, which Governor Tim Walz has supported publicly and is expected to sign, […] © 2024 TechCrunch….
a16z’s American Dynamism team launches program to introduce technical minds to VC
[[{“value”:” Andreessen Horowitz’s American Dynamism fund has established a new fellowship program aimed at introducing top engineers and technologists to venture investing, a move that could help the firm identify less obvious sources for VC talent. The American Dynamism fund launched in 2023 with the broad aim of supporting companies building in the nation’s interest across […] © 2024 TechCrunch….
Teen fintech Copper had to abruptly discontinue its banking, debit products
[[{“value”:” Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on May 12 that it would be discontinuing bank deposit accounts and debit cards on May 13. In a letter to customers, CEO and co-founder Eddie […] © 2024 TechCrunch….
Autodesk acquires AI-powered VFX startup Wonder Dynamics
[[{“value”:” Autodesk — the 3D tools behemoth — has acquired Wonder Dynamics, a startup that lets creators quickly and easily make complex characters and visual effects using AI-powered image analysis. The two companies have worked closely together for years but are making it official today. Wonder Dynamics, founded by VFX artist Nikola Todorovic and actor Tye […] © 2024 TechCrunch….