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Tesla keeps slashing prices, this time by as much as 20%
Kirsten Korosec
2,023
1
13
Tesla has once again lowered prices of its EVs — this time for U.S. buyers — as the automaker scrambles to shore up demand. This is at least the fourth time the automaker has discounted its vehicles, or offered credits, in the past several months. The price reduction trend kicked off in October when in China up to 9%...
Tesla invests $3.6B in two new Nevada factories to build Semis and cells
Rebecca Bellan
2,023
1
24
Tesla is investing $3.6 billion into expanding its existing gigafactory in Nevada. Confirming White House reports from earlier today, the it will build two new production facilities in the state — a 100-gigawatt-hour battery cell factory and Tesla’s first high-volume Semi truck factory. Taking up a combined 4 million...
Elon Musk admits Twitter has too many ads, says fix is coming
Darrell Etherington
2,023
1
21
Elon Musk continues to change things at a breakneck pace at Twitter, and on Saturday the still-CEO (I guess he hasn’t found anyone willing to take over yet?) seemed to address user complaints that ads are getting worse on the platform. Musk said that the social network would be “taking steps” to address what he acknowl...
Capella Space launches defense-focused subsidiary as demand for satellite imagery soars
Aria Alamalhodaei
2,023
1
31
Satellite imagery startup Capella Space is establishing a subsidiary aimed at serving U.S. government customers, as it seeks to fulfill growing demand from intelligence and defense organizations for its synthetic aperture radar tech. Capella is no stranger to working with the government. The company was founded almost ...
Big factories, big trucks and big Musk: Tesla Q4 earnings expectations
Rebecca Bellan
2,023
1
24
Tesla’s fourth-quarter and full-year 2022 earnings are upon us, and with it expectations from Wall Street for the electric vehicle maker to hit revenue for the quarter of $24.03 billion and adjusted earnings per share to land around $1.13, according to If Tesla hits that revenue estimate, it’ll mark a record for the c...
Google to ban unlicensed loan apps in Kenya as new rules take effect
Annie Njanja
2,023
1
31
Google’s new policy requiring digital lenders in Kenya to submit proof of license to operate in the East African country takes effect today. The policy aims to clamp down on rogue loan apps, which are pervasive in the country. This means that only providers with licenses from the country’s pinnacle bank, the Central Ba...
Quantum sensing startup Q-CTRL raises another $27.4M
Kate Park
2,023
1
31
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Guardz emerges from stealth with $10M for SMB security and cyber insurance to protect against attack-as-a-service breaches
Ingrid Lunden
2,023
1
31
Small and medium businesses have become a growing target for malicious online hackers in recent years, currently accounting for between and of all security breaches and some $7 billion annually in related losses, according to different estimates. Today, a startup called is emerging from stealth with a two-part of...
Southeast Asia farm-to-table startup Secai Marche raises Series A
Catherine Shu
2,023
1
30
, a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 million USD) in Series A funding. The round included participation from venture capital firm The Agribusiness Investment and Consultation Co., Spiral Ventures Asia Fund ...
Finley closes $17M to turn 100-page debt capital agreements into software-managed code
Christine Hall
2,023
1
31
As , some startups turned to private credit, including debt capital, as a way to supplement their operations in the meantime. However, the policies and procedures paperwork that goes with these deals aren’t always easy to understand. CEO Jeremy Tsui told TechCrunch that and accounts for 90% of all corporate debt in...
Labor officials found that Apple execs infringed on workers’ rights
Amanda Silberling
2,023
1
30
The National Labor Relations Board (NLRB) found merit to complaints that high-level executives at Apple violated national labor law. This finding comes after the NLRB also found that Apple illegally interfered with labor organizing at retail stores in and . These charges were filed by , a former senior engineer pro...
AV company Aurora hires president ahead of commercial launch
Kirsten Korosec
2,023
1
30
Aurora Innovation said Monday it has hired Ossa Fisher as president as the autonomous vehicle company prepares to commercially launch its self-driving trucks business next year. The company said Fisher, who was most recently president and chief operating officer of education tech company Istation, will be based in Dall...
Google parent Alphabet cuts 6% of its workforce, impacting 12,000 people
Paul Sawers
2,023
1
20
Alphabet, parent holding company of Google, has announced that it’s cutting around 6% of its global workforce. In an published by Google and Alphabet CEO Sundar Pichai, the narrative followed a similar trajectory to that of other companies that have downsized in recent months, noting that the company had “hired for a...
Backed by Elevation Capital, Profit.co helps companies execute OKRs
Catherine Shu
2,023
1
31
Developed by Andy Grove at Intel in the 1970s, OKR is now one of the most popular management methodologies. OKR, which stands for “objectives and key results,” helps companies achieve goals, including financial and operational targets. At places with a lot of employees, however, it can be hard to make sure everyone is ...
Area 120, Google’s in-house incubator, severely impacted by Alphabet mass layoffs
Kyle Wiggers
2,023
1
20
, the Google in-house incubator responsible for products such as , , and , has been significantly affected by broader layoffs at Google parent company Alphabet. A spokesperson tells TechCrunch via email that the majority of the Area 120 team has been “winded down,” and that only three projects from the division wi...
Burned by layoffs, tech workers are rethinking risk
Natasha Mascarenhas
2,023
1
4
as it used to be. Rocket ships are being unveiled as sputtering messes, mission-driven startups don’t feel so mission oriented when responding to investor pressure, and widespread offer a loud reminder that jobs are breakable contracts not sacrosanct vows. Over the past few months, thousands of employees from , , ...
Sony and Honda reveal Afeela, their joint EV brand, at CES
Rebecca Bellan
2,023
1
4
Nearly a year after Sony and Honda , the two companies revealed a prototype under the brand name Afeela. The four-door sedan was driven onstage at Wednesday as Kenichiro Yoshida, the CEO of Sony, talked through the company’s mobility philosophy, which prioritizes building vehicles that have autonomous capabilities a...
Tech Nation looks for new home as UK gov hands tech ecosystem contract to Barclays
Mike Butcher
2,023
1
31
After more than 10 years in operation, , the U.K.’s government-sanctioned ecosystem builder for U.K. tech startups and growth tech companies, is to cease operations after losing its grant funding to a programme run by . The team behind the nonprofit, which derived the bulk of its funding from the U.K. government, pla...
Tesla slashes Model 3, Model Y prices in China for the second time in three months
Matt Burns
2,023
1
5
Earlier today, Tesla quietly announced new pricing for the China market. The Model 3 and Model Y saw their prices cut drastically, and Tesla finally revealed the pricing for the high-performance Plaid edition of the Model S and Model Y, both of which were not previously sold in market. This is the second pricing cut by...
Twitter officially bans third-party clients after cutting off prominent devs
Kyle Wiggers
2,023
1
19
After prominent app makers like Tweetbot and Twitterific, Twitter today quietly updated its developer terms to ban third-party clients altogether. by Engadget, the “restrictions” section of Twitter’s 5,000-some-word was updated with a clause prohibiting “use or access the Licensed Materials to create or attempt to...
Paris to hold vote on shared scooters
Romain Dillet
2,023
1
16
This weekend, mayor of Paris Anne Hidalgo that Parisians will get to vote whether they want to ban free-floating electric scooters or not. As , Dott, Lime and Tier, the three scooter companies currently operating in the city, have operating licenses that are set to expire on March 23, 2023. And the fate of those ser...
Identity management platform Saviynt secures $205M in debt, appoints new CEO
Kyle Wiggers
2,023
1
31
Showing that there’s real investor enthusiasm for identity management platforms, , which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group. Founder Sachin Nayyar, who returne...
Scooters in Paris are at a crossroads
Romain Dillet
2,023
1
13
to happen to the 15,000 colorful electric scooters that currently spill across the streets of Paris? On March 23rd, their fate could drastically change as the French capital weighs up whether or not to renew licenses for the three scooter companies currently operating in the city. And this isn’t just going to impact D...
Microsoft announces 10,000 job cuts, nearly 5% of its global workforce
Paul Sawers
2,023
1
18
Microsoft today announced details of a much-rumored round of layoffs, confirming in a  with the Securities and Exchange Commission (SEC) that 10,000 employees will be impacted as part of “workforce reduction” measures the company is taking in response to “macroeconomic conditions and changing customer priorities.” The...
Amazon to cut 18,000 jobs as tech layoffs continue
Paul Sawers
2,023
1
5
Amazon has announced that it will be “eliminating” more than 18,000 roles at the company, round of that was set to impact some 10,000 workers. The announcement is significant in terms of the number of people impacted, though it represents just 1.2% of Amazon’s 1.5 million global headcount. In early this morning, ...
Salesforce to cut workforce by 10% after hiring ‘too many people’ during the pandemic
Paul Sawers
2,023
1
4
Salesforce has announced that it’s cutting some 10% of its workforce, impacting more than 7,000 employees, while it will also shutter offices in “certain markets.” In a and a corresponding with the Securities and Exchange Commission (SEC), Salesforce CEO Marc Benioff referenced the “challenging” environment in whic...
Quantum Machines continues to grow in spite of economic uncertainity
Ron Miller
2,023
1
18
Conventional wisdom suggests that a Series B company should be hunkering down right now, cutting costs, weathering the storm, but Israeli startup is defying this approach as it continues to grow in spite of the economic uncertainty swirling around the world. The company announced that it got an additional $20 million...
Alphabet robotics division Intrinsic hit with layoffs
Brian Heater
2,023
1
12
It’s a new year, but the industry’s struggles are showing no signs of abating. Big firms are as susceptible — if not more so. This week, Alphabet joined the growing list of tech giants making staff cuts amid ongoing economic struggles. Following a wave of layoffs from the likes of Amazon, Meta and Salesforce, Alphabet ...
Twitter’s third-party client issue is seemingly a deliberate suspension
Ivan Mehta
2,023
1
16
Last Friday, a ton of popular Twitter clients, including Tweetbot, Twitterrific, and Echofon, were down. Users couldn’t . At first, it looked like a bug in Twitter API, but radio silence from Twitter and new details indicated that the company deliberately limited access to third-party apps. (Update: Twitter the API ...
It’s time to bid on Twitter’s giant neon bird light
Amanda Silberling
2,023
1
17
In a strange attempt to make money, Twitter is surplus office furniture that it doesn’t need anymore, now that thousands of employees have either or been . When you’re rapidly and apparently , why not go for the hail mary? This auction isn’t just some rogue Herman Miller chairs (though of course, you can bid on...
Twitter now offers an annual Blue subscription for hardcore users
Ivan Mehta
2,023
1
18
Twitter announced an annual Blue subscription plan for hardcore users who want to commit for a year. The revamped Twitter Blue subscription was launched last December at a rate of $8 per month (or $11 per month for iOS users). Now, users have a chance to get a discount and be all in for a year for $84 if they get it on...
Twitter is considering selling usernames through online auctions, new report claims
Aisha Malik
2,023
1
11
Twitter is considering selling usernames as a way to boost revenue, according to a new report from The report comes as the social network’s owner, Elon Musk, has been looking for ways to generate revenue for the company. The report says engineers at the company have considered organizing online auctions where people ...
Amazon secures $8B loan, anticipating market headwinds
Kyle Wiggers
2,023
1
3
Amazon has secured an $8 billion loan in anticipation of market headwinds. Provided by DBS Bank, Mizuho Bank and others, the loan — which will mature in 364 days (January 3, 2024), with an option to extend for another 364 days — will be used for “general corporate purposes,” Amazon said in a with the U.S. Securities ...
Twitter is set to reverse the political ad ban to bolster up its revenue
Ivan Mehta
2,023
1
3
Twitter said Monday that it plans to lift the ban on political ads in the “coming weeks.” The company . At that time, it said that “political message reach should be earned, not bought.” Twitter charted a different path from other social networks like Facebook and Instagram, which allowed political ads. The social net...
Twitter launches its Blue subscription service in Japan
Ivan Mehta
2,023
1
10
After launching Elon Musk’s version of , the company has expanded the paid plan to users in Japan. Both the old ( ) and revamped Twitter Blue subscriptions were only available in the U.S., Canada, the U.K., Australia and New Zealand. Twitter noted on its support page that users in Japan will be able to subscribe for ¥...
Daily Crunch: Marqeta acquires fintech infrastructure startup Power Finance for $275M
Christine Hall
2,023
1
30
Kicking off the week, we’ve been thoroughly enjoying ’s story about in our post-Roe-v.-Wade world. The TL;DR is that healthcare in the U.S. is a weird world, and you should use end-to-end encrypted messages if you’re going to DM your friends about things that are potentially illegal.  — and “I can’t explain it. I...
Russia is blocking encrypted email startup Skiff
Lorenzo Franceschi-Bicchierai
2,023
1
30
The Russian government has blocked another encrypted email provider, according to a Russian digital rights organization and the email provider. Last Wednesday, Roskomsvoboda, which describes itself as “the first Russian public organization active in the field of protecting digital rights and expanding digital opportuni...
Report: Impossible Foods planning to lay off 20% of staff
Christine Hall
2,023
1
30
Impossible Foods, which makes plant-based nuggets, burgers and patties, is reportedly laying off 20% of its staff, . According to the story, the 12-year-old company currently employs about 700 workers, which could then affect over 100 employees. This comes as the company made a last October. Impossible Foods did not...
Amid growing competition, Paramount+ and Showtime are combining in the US
Sarah Perez
2,023
1
30
Nearly a year after ViacomCBS announced its  to become Paramount, the company is now making a major change to its portfolio with today’s news that it will be fully integrating Showtime into — the streamer known in previous years as CBS All Access. The integration will include both streaming and linear platforms, the...
Rewind’s new app lets you ‘time travel’ through music from decades past
Sarah Perez
2,023
1
30
A new app called wants to make it easier for music fans to explore the top songs of decades past. Hoping to cater to consumer demand for nostalgic music experiences, Rewind allows users to “time travel” through the music charts from 1960 through 2010 to learn about how older songs have influenced today’s hits. The ap...
If, and only if, McDonald’s had an appetite for acquisitions
Natasha Mascarenhas
2,023
1
30
Welcome back to  , the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. I’m back, I’m drinking an iced Americano maybe because I miss Alex, maybe because I just feel different today, and I’m ready to start our week together. Here’s what I got into on today’s Equity Mo...
Like me, Loona the Petbot is dumb but lovable
Darrell Etherington
2,023
1
30
a robot pet at least since Sony introduced the original Aibo in 1999 — probably earlier, but Aibo made it seem tangible. Since then, there’s been a steady stream of attempts at making robot pets a reality that matches what we often see in futuristic science fiction — including a recent Aibo reboot, Pleo the animatroni...
Netflix’s ‘Kids Mystery Box’ feature now available on Android devices
Lauren Forristal
2,023
1
30
After eight months, Netflix’s feature has officially rolled out to Android devices today. Android users worldwide can now discover new children’s shows and TV characters by clicking on the “Mystery Box” in the “Favorites Row” at the top of the Netflix homepage. The company today updated its from May, stating, “This ...
Deel enters equity management space with acquisition of Capbase
Mary Ann Azevedo
2,023
1
11
Capbase Equity management is clearly a hot area. On January 10, investment giant Fidelity announced that it had , a venture-backed fintech startup, for an undisclosed amount. Shoobx is a provider of automated equity management operations and financing software to private companies “at all growth stages,” up to and in...
Alphabet X graduates robotic agtech firm Mineral
Brian Heater
2,023
1
10
A little over two years after , Mineral is becoming its own Alphabet company. The team, which was formerly known as the “Computational Agriculture Project” (no prizes for guessing why they adopted the new name), just graduated from the X “moonshot” labs. “After five years incubating our technology at X, Alphabet’s moo...
Max Q: A very Virginia affair
Aria Alamalhodaei
2,023
1
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Hello and welcome back to Max Q! In this issue: Rocket Lab — and the United States — got a major win this week with the company’s first Electron rocket launch from Virginia. The mission, aptly titled “Virginia is for Launch Lovers,” provides a major boost for the company as it seeks to increase launch cadence and provi...
Is venture funding already back?
Connie Loizos
2,023
1
30
about a , slumping  and a slowdown in the world of startup investing, the business of funding was positively humming last week. After slowing way down last spring, venture outfits disclosed a stunning $8 billion in new capital commitments in the span of just five days. Consider the following: NEA revealed that it cl...
Haun Ventures leads Sovereign Labs’ $7.4M seed round to help scale blockchains
Jacquelyn Melinek
2,023
1
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Sovereign Labs has raised $7.4 million in seed funding led by Haun Ventures, co-founders Preston Evans and Cem Özer told TechCrunch. The startup is an “open, interconnected rollup ecosystem” with a software development kit (SDK) to provide a framework for secure and interoperable zero-knowledge rollups (ZK-rollups). ...
Three months ago, he was laid off from Twitter. Now, his competing app Spill is funded.
Amanda Silberling
2,023
1
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“I can’t explain it. It’s weird,” Alphonzo “Phonz” Terrell said. After losing his job at Twitter when , the former global head of Social & Editorial didn’t want to rest — he wanted to build. “Coming straight out of it, I was just like, ‘Oh, it’s time. It’s time to build, whether we get support or not.'” Luckily for Te...
EV company Arrival to cut workforce by 50% in third restructuring effort
Kirsten Korosec
2,023
1
30
Arrival is going through another restructuring — this time led by a newly appointed CEO — that will slash its workforce by about 50% as the U.K.-based commercial EV company attempts to reduce operating costs and preserve cash. The company said Monday that Igor Torgov, former executive VP of digital at the company, has ...
Hacker finds bug that allowed anyone to bypass Facebook 2FA
Lorenzo Franceschi-Bicchierai
2,023
1
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A bug in a new centralized system that Meta created for users to for Facebook and Instagram could have allowed malicious hackers to switch off an account’s two-factor protections just by knowing their phone number. Gtm Mänôz, a security researcher from Nepal, realized that Meta did not set up a limit of attempts when...
Meta is killing Move, another experimental social app from its in-house incubator NPE Team
Sarah Perez
2,023
1
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Meta is killing off yet another project from its in-house R&D group, the NPE Team, following the company’s sizable , impacting 13% of its workforce. The latest experiment to be wound down is the social to-do list app called , which allowed users to earn points for completing tasks on either their personal or group t...
‘One Piece’ live-action series set to arrive on Netflix this year
Lauren Forristal
2,023
1
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Netflix today that its “One Piece” live-action series would be available to stream sometime in 2023. The company tweeted the announcement alongside a new poster of the upcoming series. The poster shows the main character, Monkey D. Luffy (played by Iñaki Godoy), with his back turned. Adventure is on the horizon! One...
Ford discounts its all-electric Mustang Mach-E in response to Tesla’s EV price war
Kirsten Korosec
2,023
1
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Ford said Monday it has increased production and cut the price of its all-electric Mustang Mach-E crossover, the latest automaker to join an EV price war started by Tesla. Ford Mustang Mach-E vehicles are now between about 1% to 8.8% lower, depending on the trim level, according to the company, which emphasized that th...
It’s time to cast your votes for TC Early Stage Audience Choice
Lauren Simonds
2,023
1
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A not-so-humble brag here, so brace yourself. The programming at — April 20 in Boston, Massachusetts — is gonna be off the proverbial hook. How do we know? We read hundreds of applications from experienced founders and startup ecosystem experts eager to participate in Audience Choice for a chance to present at the sh...
Jump on our limited two-for-one Disrupt 2023 presale offer
Lauren Simonds
2,023
1
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Nothing wrong with your calendar, folks — it’s the end of January. Although takes place months from now — on September 19–21 in San Francisco — we believe in two things: planning ahead and rewarding those who do. Right now — and for a limited time only — take advantage of our Disrupt 2023 ticket presale offer. Simply...
Instagram’s text update Notes feature is expanding to Europe and Japan
Aisha Malik
2,023
1
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Instagram head Adam Mosseri today that the social network is launching its text update Notes feature across Europe and Japan. Notes are short posts of up to 60 characters that include just text and emojis, and appear above your profile photo. Prior to this expansion, Notes was already accessible everywhere Instagram ...
Addie’s opens first drive-up grocery store in Massachusetts following $10.1M seed
Christine Hall
2,023
1
26
Much of the frenzy from the past three years has mainly catered to urbanites who need a few items delivered in 20 minutes. But what if you are a suburban mom trying to fit a week’s worth of grocery shopping in between shuttling children to various activities? Enter , a drive-up grocery store opening its first locati...
Third-party Twitter apps are facing issues, users say
Ivan Mehta
2,023
1
12
People using third-party Twitter clients are facing a number of issues, including being unable to log in and access Twitter feeds. Tweetbot, Echofon and Twitterrific, three popular third-party Twitter apps, confirmed the issues and noted that they are not sure what has triggered the glitch. Tweetbot and other clients a...
Epic and Match’s antitrust case against Google heads to jury trial on November 6
Sarah Perez
2,023
1
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A date has been set for a trial by jury in a significant antitrust case against Google involving its alleged abuses of power in the Android app market. Fortnite maker Epic Games and dating app giant Match Group, joined by over three dozen state attorneys general, have accused Google of unfairly leveraging its market do...
Spotify cuts 6% of its workforce, impacting 600 people
Romain Dillet
2,023
1
23
Music streaming service has announced that it will be conducting a round of layoffs that will impact around 6% of its global workforce. In its most recent earnings release, the company said that there were 9,808 full-time employees working for Spotify. Today’s move will impact around 600 employees. “Like many other l...
BioNTech acquires Tunisian-born and UK-based AI startup InstaDeep for £562M
Tage Kene-Okafor
2,023
1
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German-based biotech company BioNTech SE is set to acquire InstaDeep, a Tunis-born and U.K.-based artificial intelligence (AI) startup, for up to £562 million (~$680 million) in its largest deal yet. Per , the German vaccine maker intends to use  BioNTech is said to pay £362 million — a mix of cash and an undisclosed ...
Some initial thoughts on Apple’s resurrected HomePod
Brian Heater
2,023
1
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a strange choice. At the time, Apple told us, “ has been a hit since its debut last fall, offering customers amazing sound, an intelligent assistant, and smart home control all for just $99. We are focusing our efforts on HomePod mini.” While the smart home hasn’t panned out precisely the way Apple or its competition...
Apple MacBook Pro 14-inch M2 Max review
Brian Heater
2,023
1
23
is as close as Apple has ever come to the perfect MacBook. It’s a kind of platonic ideal for the category, and the culmination of key updates to the product line, including the arrival (and upgrade) of Apple silicon and the company’s acceptance that some things ( , ) simply weren’t working, no matter how hard it trie...
Apple is reportedly working on MacBooks with touchscreens
Ivan Mehta
2,023
1
11
After years of denials and loathing, Apple may finally be getting around to bringing touchscreens to MacBooks. According to , Apple is actively working on this project and may break away from its long-standing approach of designing a traditional desktop system without a touchscreen. Apple could launch MacBooks with to...
Apple’s mixed-reality headset could arrive this year
Romain Dillet
2,023
1
9
According to a from Bloomberg’s Mark Gurman, Apple is going to spend most of 2023 focusing on a brand new device — a mixed-reality headset that has been a work in progress for several years. The new device could look like a pair of ski goggles, based on an earlier report from . It will feature several cameras so tha...
Why the Matter logo was everywhere at CES 2023
Brian Heater
2,023
1
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stage at . Automotive trends got a lot of love, as well, as did and the metaverse. Heck, even had their moment to shine last week in Vegas. Another trend, however, was ever-present, if decidedly more understanded. The last few years have been a roller coaster for the smart home. After years of hype, the cracks hav...
Twitter makes algorithmic timeline default on iOS
Ivan Mehta
2,023
1
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Twitter is making the algorithmic timeline named “For You” the default feed on iOS. If you are getting a sense of , you are not dreaming. The company has tried to pull , only to give the option to switch back to . So what’s different this time? The Elon Musk-led company is now showing both algorithmic and chronologi...
Anime streaming services to try in 2023
Lauren Forristal
2,023
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as a genre is always expanding, and with the streaming market growing just as quickly, it can be a hassle to find an anime that works for you. Whether you want to watch newer anime titles like “Chainsaw Man,” “Blood of Zeus” and “Bleach” or classics like “One Piece,” “JoJo’s Bizarre Adventure” and “Cowboy Bebop,” he...
CES 2023 debrief
Brian Heater
2,023
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week. Strange and strangely familiar. You stay at the same hotel in a nearly identical room to the one you stayed in for the last 10 years or so. You see friends and colleagues you’ve not seen in a while. Everyone is three years older and a bit worse for wear. A global pandemic will do that to a person. Last year was ...
You must now verify your driver’s license to watch Pornhub in Louisiana
Amanda Silberling
2,023
1
3
At the start of the year, a went into effect in Louisiana that requires online publishers to conduct age verification checks if their site’s content is more than 33.3% pornography. In accordance with this law, Pornhub now requires visitors to verify their age with the , a digital wallet for Louisiana state driver’s ...
NEA now manages over $25 billion in assets — oh, and it’s looking beyond venture
Natasha Mascarenhas
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, known by the acronym NEA, has closed a new pair of early-stage and growth-stage funds, both hovering a little over $3 billion to a total of $6.2 billion. The two-fund structure is a first that begets another first for the 45-year old firm: TechCrunch has learned that NEA has filed to be considered as a registered inv...
Qualcomm partners with Iridium to bring satellite messaging to Android phones
Brian Heater
2,023
1
5
For the past several , Qualcomm’s big announcements have largely revolved around automotive news. There will likely still be a fair bit of that this week, as well, but the company just announced an upcoming mobile feature in this down time between the Snapdragon Summit and MWC. The Southern California chipmaker is par...
Cowboy Ventures goes bigger with $260M across two new funds, including an opportunity fund
Connie Loizos
2,023
1
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, the now-10-year-old, Bay Area-based seed-stage focused fund founded by renowned investor Aileen Lee, has closed on two new funds totaling $260 million in capital commitments. The outfit garnered $140 million in commitments for its fourth flagship fund and another $120 million for its first opportunity-type fund (its ...
Fidelity makes first acquisition in 7 years, snapping up fintech Shoobx
Mary Ann Azevedo
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Investment giant Fidelity announced today that it has acquired Shoobx, a venture-backed fintech startup, for an undisclosed amount. Jason Furtado and founded Boston-based Shoobx in 2013, according to Crunchbase. The pair went on to raise a known $10 million in funding for the company with investors such as Austin-bas...
‘Most active investor’ FJ Labs closes on $260M across two new funds
Connie Loizos
2,023
1
25
Fabrice Grinda says he never intended to run a venture firm. He just really (really) enjoyed angel investing. In fact, by late 2013, when he was on the verge of selling the global classifieds marketplace — his third business — he says he had already written checks to more than 150 startups with his longtime friend, s...
Sequoia, Marc Andreessen back early-stage fund Kearny Jackson
Manish Singh
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Sequoia Capital and Bain Ventures are among the high-profile investors that have backed the venture firm Kearny Jackson’s second fund, the early-stage focused firm said Wednesday as it gears up to invest in more startups. , founded by former Spotify executive , said it has closed $14 million second fund. It has also r...
Chemical giant Denka dives into VC with $100M fund managed by Pegasus Tech Ventures
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, a Silicon Valley-headquartered venture capital firm that helps corporations invest in startups, said it has set up a $100 million fund with Japanese chemical and life science company . Denka, a 107-year-old firm, is the sole limited partner of the newly established corporate venture capital fund and in line with its...
Meta centralizes more user and privacy settings across its apps, announces changes to ads controls
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Facebook parent Meta announced today it’s further centralizing various user settings across its suite of apps — Facebook, Instagram, and Messenger. As a result, several existing settings will be relocated to Meta’s “Accounts Center” feature, first in 2020. Specifically, the changes will see Meta moving settings relat...
Urine luck: These CES startups want to take a closer look at your waste
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You wait for years for a urine analysis company, then all of them hit their flow all at once. One of the notable trends at this year was that the quantified-self movement is going deeper. No longer content with just measuring your heart rate, number of steps and EKG on your wrist, a new generation of startups is inch...
Amazon will soon start charging delivery fees on Fresh grocery orders under $150
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Amazon is going to start charging delivery fees for Fresh grocery orders that are under $150, the company said in an email to Prime members. Prior to this change, Amazon offered Prime members free grocery deliveries on orders above $35. The company says the move will keep prices low on its services. With this new polic...
Board changes could signal Salesforce’s willingness to appease activist investors
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A week ago activist investor Elliott Management announced it had made a investment in Salesforce. By Friday, the company announced it was bringing in , and The Wall Street Journal was reporting that Elliott planned to nominate its own . According to people familiar with the situation, that Wall Street Journal story ...
Consumer Robotics Show
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of TechCrunch’s biggest and most important robotics stories delivered to your inbox every Thursday at 11 a.m. PT, Welcome back to Actuator and happy first day of CES! This will never not feel weird to say – and not just because of the highly objective “happy” bit. One of the dirty little secrets of CES coverage is tha...
Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition
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has agreed to acquire two-year-old fintech infrastructure startup for $223 million in cash, marking the first acquisition in the publicly traded company’s 13-year history. About one-third of the purchase price is payable over a two-year period, subject to certain undisclosed conditions. And, if one undisclosed miles...
Crypto security startup Hypernative raises $9M to help prevent web3 cyber attacks
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, a crypto security-focused startup, has raised $9 million in seed funding as it emerges from stealth, co-founder and CEO Gal Sagie exclusively told TechCrunch. The funding round was led by boldstart ventures and IBI tech fund, with strategic investments from Blockdaemon, Alchemy, Borderless, CMT Digital, Nexo and ange...
Sorare teams up with the Premier League for its NFT fantasy football game
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French startup has signed a four-year licensing partnership with the Premier League. This is an important move for the company as the English football league is one of the most-watched sports leagues in the world. Sorare is a fantasy sports gaming experience based on NFTs, or non-fungible tokens. In particular, Sorar...
Manu Jain, Xiaomi exec who set up and scaled India business, leaves
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Manu Jain, the executive who helped Xiaomi set up and scale business in India, has left the company, he said Monday, joining a long list of high-profile departures at the local unit that is increasingly losing market share to rivals, including Samsung. Jain, who led the India business for seven years and also held the ...
Walmart-backed PhonePe’s nine-month 2022 revenue surged to $234 million
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PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered firm generated in the 12-month financial year period ending in March l...
Apple introduces a brand new HomePod with better sound and smarts
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Apple has resurrected the larger HomePod with a second-generation version that includes better sound, as well as better intelligence and computing smarts. The new HomePod retails for $299 and preorders kick off today, with in-store availability and shipping beginning in the U.S. and other select markets on Friday, Febr...
VC funding to Black web3 founders popped last year, bucking trends
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after froze the sector: , the  and the Sam Bankman-Fried for alleged fraud. Then there was the venture pullback amid an economic downturn. In 2021, raised a record $29.2 billion. By 2022, that number dipped to $21.5 billion — though that’s still much more than the total $4.8 billion and $4.2 billion such compa...
Stripe eyes an exit, Dell bets on the cloud, and Shutterstock embraces generative AI
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Hey, party people, it’s Kyle, continuing to step in for Greg to write as he spends time with his newborn. Dunno about y’all, but it’s been . I’m dead tired and thankful it’s over. But because the news never sleeps, I’m rallying with the help of a fourth cup of coffee. Wish me luck. I’ve talked your ears off about it...
This Week in Apps: Temu’s hot streak, Walmart’s m-commerce & an Apple XR App Store
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Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app economy in 2023 hit a few snags, as consumer spending last year dropped for the first time by 2% to $167 billion, according to the latest “State of Mobile” report by data.ai (previousl...
Raylo raises $136M to build out its gadget lease-and-reuse ‘fintech’ platform
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With the economy , and sales of mobile phones and other consumer electronics globally, a U.K. startup called that’s leaning into both of those themes has picked up £110 million ($136 million) to grow its business, offering consumers access to new gadgets by way of short-term leases. The London-based company curren...
Aptos wants to shake up the blockchain space by creating more economic value, co-founder says
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Welcome back to , a podcast diving deep into stories, backgrounds and the latest news with the biggest names in crypto. For this week’s , I sat down with Mo Shaikh, co-founder and CEO of the layer-1 blockchain . Shaikh is a three-time founder with over a decade of experience in financial services as well as blockcha...
Web3 gaming needs to focus on sustainable economies, Immutable co-founder says
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gaming industry remains below its 2021 peaks, it still pulled in substantial venture funding last year. But looking to the future, the subsector may look outside of to grow and sustain itself for the long haul. “Tokens are a fantastic way to share ownership of economies. I’m very supportive of tokens and think they’...
Stashpad is a notepad for devs with a ‘DM to yourself’ interface
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It’s hard to develop a personal note-taking habit. Many folks just resort to using a default app like Apple’s Notes app or sending something to themselves on Slack. It’s fine if you just need to jot down a note or two, but it becomes hard to organize and search for them later. is working on a solution for that issue ...
Black founders still raised just 1% of all VC funds in 2022
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The latest Crunchbase data shows that Black startup founders in the United States raised around $264 million out of the total $33.6 billion in venture capital allocated in Q4 2022. That’s an uptick from the $178 million — — the group raised in Q3. In total, U.S. Black founders raised an estimated $2.254 billion out o...
China smartphone market slumps to 10-year low in 2022
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After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a 10-year low, according to research firm Counterpoint. It was also the first time that China’s handse...
Eazy Digital helps Southeast Asia’s small insurers digitize their operations
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Founded by two insurance industry veterans, wants to give small insurance companies in Southeast Asia the same advantage as their larger competitors. Its SaaS platform lets insurers digitize many parts of their operations, enabling them to scale up more efficiently. The Bangkok-based startup announced today it has rai...
Plant-based foods investor says her focus is more on teams than taste
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seeing a slew of new alternative meat and animal products popping up in your grocery store, Lisa Feria is at least partially to thank. Feria has spent the last seven years investing in startups in the sector. She and her partners at have invested in over 40 companies, from the well-established to up-and-comers No ...