How many of the companies with recent layoffs are truly adapting their workforces to the efficiencies and challenges of artificial intelligence? And how many of them were just using AI as an excuse to cover other problems? That’s the question posed by a New York Times article on the trend of “AI-washing,” where companies will … Read more
For years, Tether’s CEO avoided the United States, watching from offshore as regulators circled and prosecutors investigated. Those days are over. Source link
Elon Musk’s reported merging of SpaceX, xAI, and Tesla harkens back to the heyday of General Electric — or maybe the robber barons of the Gilded Age. Source link
January was such a long month that it has already brought us five fresh European unicorns: from Belgium to Ukraine, several tech startups raised funding at valuations above the $1 billion threshold. But before we take a closer look at who joined the club, two caveats. First: This count includes startups that may be incorporated … Read more
Waymo has nearly finalized a new $16 billion funding round that will value the robotaxi company at $110 billion, according to the Financial Times. More than three-fourths of that funding will reportedly come from a source close to home — Alphabet, where Waymo is a subsidiary. (The company was incubated as part of Alphabet’s “moonshot … Read more
SpaceX has filed a request with the Federal Communications Commission to launch a constellation of up to 1 million solar-powered satellites that it said will serve as data centers for artificial intelligence. The company’s filing lays out a grandiose vision, not just describing these planned satellites as “the most efficient way to meet the accelerating … Read more
OnlyFans — the massive adult creator network where performers and influencers sell subscription-based content directly to fans — is considering selling a majority stake of its business to investment firm Architect Capital, a source close to the deal told TechCrunch. The deal would value the platform at $5.5 billion. The source said that of that … Read more
From the street, the only indication I’ve found Physical Intelligence’s headquarters in San Francisco is a pi symbol that’s a slightly different color than the rest of the door. When I walk in, I’m immediately confronted with activity. There’s no reception desk, no gleaming logo in fluorescent lights. Inside, the space is a giant concrete … Read more
Kofi Ampadu, the partner at a16z who led the firm’s Talent x Opportunity (TxO) fund and program, has left the firm, according to an email he sent to staff that TechCrunch obtained. This comes months after the firm paused TxO and laid off most of its staff. “During my time at the firm, I was … Read more
Instagram is developing a feature that will allow users to remove themselves from someone’s “Close Friends” list, Meta told TechCrunch on Friday. The company says the feature is still in the early stages and is not being tested publicly yet. The social network’s Close Friends feature lets users share Stories, Reels, and posts with a … Read more
