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Netflix’s ad-supported plan could cost as low as $7
Ivan Mehta
2,022
8
28
Netflix’s upcoming ad-supported plan could cost anywhere from $7 to $9 per month according to a report published over the weekend. For comparison, the streaming service offers a basic single-screen plan in the U.S. for $9.99 per month, while its most popular plan, which offers full HD streaming on two screens, costs ...
Can battery recycling help end US reliance on China?
Rebecca Bellan
2,022
8
28
Act, , puts the U.S. on the path toward realizing its carbon reduction goals, in part by spurring its EV market. It has also plunged that same market into short-term chaos by requiring entire supply chains to be restructured in just a few years. The catalyst is the IRA’s steep requirements around where automakers can ...
Crappy chargers and sky-high prices are huge roadblocks to EV adoption
Harri Weber
2,022
8
17
In the U.S., most electric vehicle owners say that public chargers are easy to use. That is, when they actually work. A new that, while public charging stations are a to come by these days, faulty chargers are souring the experience and hampering EV adoption. That’s no good, because the planet is only getting hotte...
India’s Akasa Air exposed sensitive records of thousands of customers
Jagmeet Singh
2,022
8
28
, India’s newly launched airline that began operations earlier this month, exposed the personal data of thousands of its customers because of a technical glitch that affected its login and sign-up service. The exposed data, discovered by cybersecurity researcher , included full names, gender, email addresses and phone...
Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet
Rita Liao
2,022
8
17
Some parts of China are suffering from record high temperatures in the past few weeks, prompting local governments to halt industrial power use, including those of battery plants. When news reaches the West, it generates fear-mongering headlines like “China heat wave shuts Tesla suppliers” which have likely rattled inv...
Dodge unveils Charger EV concept that is faster and louder than a Hellcat
Kirsten Korosec
2,022
8
17
Dodge revealed Wednesday an EV concept that looks — and even sounds — like the gas-powered Charger muscle car that will be discontinued next year. The two-door Dodge Charger Daytona SRT Concept — the Daytona name a nod to its gas-powered ancestor’s 200 mph NASCAR track milestone — is not just a design exercise, accordi...
Black Girls Code founder Kimberly Bryant has been fired by her board
Natasha Mascarenhas
2,022
8
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out from , from the organization that she founded. In a statement provided to TechCrunch, a Black Girls Code spokesperson writes that it “believes the decision to remove Ms. Bryant as CEO and as a board member is in the best interests of the organization, the girls it serves, its employees, and its donors. BGC has ...
Skyrora completes second stage static fire test of its flagship rocket
Aria Alamalhodaei
2,022
8
17
U.K.-based launch company hit a new milestone in the development of its Skyrora XL rocket with the completion of a static fire test of the second stage. The single engine, designed and manufactured by Skyrora, completed a nominal 20-second burn, bringing the company one step closer to its first orbital launch in late...
How Amazon’s continued expansion into healthcare could buoy the sector
Andrew Mendez
2,022
8
17
Following Amazon’s $3.9 billion , Business Insider reported the company would mental health services to its portfolio. Although there are skeptics who fear Amazon’s privacy track record in the context of healthcare, some say the company’s moves could be positive for the industry. The tech behemoth originally entered...
Growing and acquiring with Benchling and Benchmark on TechCrunch Live
Matt Burns
2,022
8
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Sajith Wickramasekara co-founded Benchling to improve laboratory data collection and collaboration. Since its 2012 founding, the company has grown to a valuation of $6.1 billion. Wickramasekara will join , along with Benchmark general partner Miles Grimshaw, to discuss its recent acquisition and growth. This TechCrunc...
Netflix’s ad-supported plan may block offline viewing, code suggests
Lauren Forristal
2,022
8
17
Netflix’s could have a big drawback — besides the fact that your programming will be interrupted by commercials, that is. One of the streaming service’s more useful features, offline viewing, may not be available to members on this low-end tier of the service. This discovery came about when developer found code wit...
Motion capture becomes more accessible as Rokoko raises at $80M valuation
Haje Jan Kamps
2,022
8
17
South Korean company Naver Z is the brain behind the popular . Today, the company announced it made a strategic investment in the Danish animation and motion capture company . The mocap (motion capture) company has more than 50,000 users all over the world, including some of the biggest names in the biz, but the majo...
Do we really need a $340, Wi-Fi enabled toaster?
Haje Jan Kamps
2,022
8
17
If you’ve heard of , it’s probably because the 24-year-old company has been making vacuums and hair dryers for a hot minute. The company’s next product is a $339 toaster that connects to your Wi-Fi network and can toast your toast with science and precision, and makes me wonder if there’s any device in our house that’...
Daily Crunch: Google will unplug its IoT Core service in August 2023
Christine Hall
2,022
8
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Hellooo, ! (What we’re calling the readers of the Daily Crunch is still a work in progress.) Super psyched to share something double-plus-awesome with you: The culmination of months of work by is finally live — we’ve launched , where you can see if your phone has been compromised in various spyware hacks. Dust off ...
There’s a reason why US Midwest startups had fewer layoffs, Chicago VC says
Anna Heim
2,022
8
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the U.S. Midwest, it’s not just Chicago they are missing out on. Over time, many cities across the Midwest have been building out bona fide startup ecosystems, as makes clear. Each year, the Chicago-based VC firm puts together a list of the Midwest’s most active tech scenes, using a wide range of criteria. And each ...
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Lauren Forristal
2,022
8
16
null
Apple releases iOS, iPadOS and macOS security fixes for two zero-days under active attack
Zack Whittaker
2,022
8
17
Apple released surprise software updates for iPhones, iPads and Macs on Wednesday that fix two security vulnerabilities known by Apple to be actively exploited by attackers. The two vulnerabilities were found in WebKit, the browser engine that powers Safari and other apps, and the kernel, essentially the core of the op...
Polygon’s head of investments remains ‘highly bullish on web3’
Jacquelyn Melinek
2,022
8
17
may be in limbo between a deep bear market and recovery, but that hasn’t stopped investors from deploying capital into the space. “In a sense, bear markets are arguably good for the industry,” Shreyansh Singh, head of investments at Polygon, said to TechCrunch. “They allow platforms with a clear long-term vision and a...
Amazon is internally testing a TikTok-like feed in its app
Amanda Silberling
2,022
8
17
Amazon is the next company in line to try to generate engagement from a TikTok-like social feed. The e-commerce giant joins the a laundry list of companies that have had the same idea: Facebook, Instagram, , Snapchat, Pinterest, , YouTube, , … what’s next, a vertical video feed on the IRS app that tracks your tax ...
A new TikTok feature lets creators share TikTok Stories to Facebook and Instagram
Sarah Perez
2,022
8
17
Facebook and Instagram may be busy trying to clone TikTok within their own apps as Reels, but a new feature rolling out now from TikTok will see the short-form video app’s content showing up in more places across Meta’s social networking platforms. TikTok confirmed to TechCrunch it’s launching a new sharing feature tha...
Apple’s GarageBand update adds new remixes with Katy Perry and SEVENTEEN
Andrew Mendez
2,022
8
17
The popular iOS and iPadOS app GarageBand will now include new remix sessions featuring songs from Katy Perry and the Korean boy band SEVENTEEN. Users will be able to download the remixes as soon as today but only on devices with GarageBand version software 2.3.12 or later. The new, free downloads will include Perry’s ...
Sinclair says its streaming sports service, Bally Sports+, will arrive next month
Lauren Forristal
2,022
8
17
Sinclair’s direct-to-consumer streaming service, Bally Sports+, soft-launched to five regions earlier this summer. Today, the company that the streamer would officially roll out on September 26 across all 19 Bally Sports regional sports network brands (RSNs). This completes Sinclair’s three-year-long venture into est...
Anthony Hopkins sees NFTs as ‘art in a new format’
Jacquelyn Melinek
2,022
8
17
athletes alike dip into the crypto sphere to endorse tokens or companies, others are looking to NFTs as a way to engage with fans. NFT collections have been launched by including Paris Hilton, Snoop Dogg, Steve Aoki and The Notorious B.I.G. (posthumously). The newest entrant is two-time Academy Award-winning actor S...
Dear Sophie: How do I get an O-1 visa to freelance on web3 projects?
Sophie Alcorn
2,022
8
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of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says , a Silicon Valley immigration attorney. “Whether you’re...
Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round
Rita Liao
2,022
8
10
Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a The firm has raised $35 million on the heels of its , bringing its total Series D investment to $95 million. The new round was “oversubscribed”, the firm’s founder and CEO Alex Zhavoronkov t...
This Yale alum wants to build a telemedicine platform expressly for Alzheimer’s disease
Connie Loizos
2,022
8
10
Nikhil Patel is the kind of founder who investors adore. He’s a brainiac who, before studying computer science at Yale, spent in high school working as a research associate at the University of Central Florida. “I started working there before I could drive, and it was the most embarrassing thing to get dropped off by...
Launch price TC Sessions: Crypto tix going, going…
Lauren Simonds
2,022
8
10
If blockchain, cryptocurrency, decentralized finance (DeFi) and web3 get your entrepreneurial motor running, do not miss our daylong deep dive on November 17 in Miami. We have special launch pricing on passes and exhibitor packages, and you can save a chunk of change. But don’t pussyfoot around — supplies are limited...
Mawi launches a patch to track your heart health faster and in real time
Haje Jan Kamps
2,022
8
10
If you’ve ever had the misfortune of needing continuous EKG monitoring, you’ve probably used . It’s like carrying a 1980s walkman made of metal with a bunch of wires going from it to your chest. If that sounds uncomfortable, and as if you won’t sleep or enjoy showers much for the two weeks you need to carry it around,...
Ralph Nader asks NHTSA to recall Tesla’s ‘dangerous and irresponsible’ FSD
Rebecca Bellan
2,022
8
10
Ralph Nader, a political and consumer advocate and former presidential candidate, has calling Tesla’s “so-called” full self-driving (FSD) technology “one of the most dangerous and irresponsible actions by a car company in decades.” Nader is calling on the National Highway Traffic Safety Administration (NHTSA) to use ...
Daily Crunch: Spotify Tickets rollout lets concertgoers buy passes for live gigs
Christine Hall
2,022
8
10
Hello, Minnesota! We’re back with another City Spotlight on September 7, where all eyes are on Minneapolis. wrote up for you. Because you read this newsletter and we love you, . Okay, we’ll be honest; it’s free for everyone. But you read Daily Crunch, and we love you. So we’ve got that going for us, like the bi...
Startups, if your CEO isn’t running your fundraising, you’re doing it wrong
Haje Jan Kamps
2,022
8
10
In my past as an investor and in my present as a pitch coach, I have come across a surprising number of companies where someone who’s not part of the founder team is out there trying to raise money for the company. Sure, salespeople are very good at sales , but no investor is going to take you seriously if anyone but ...
Disney+ soars to 152.1 million subscribers after adding 14.4 million in Q3
Aisha Malik
2,022
8
10
The Walt Disney Company that total Disney+ subscriptions rose to 152.1 million during the company’s third quarter, posting better-than-expected results. The streaming service added 14.4 million subscribers in the quarter, beating expectations of 10 million. The company also announced that it has lowered its 2024 fore...
Disney is increasing the price of its ad-free Disney+ subscription to $10.99
Aisha Malik
2,022
8
10
Disney today that it’s raising the price of its ad-free Disney+ subscription to $10.99 per month starting December 8 in the United States, up from the current $7.99 price. The price change will coincide with the launch of the streaming service’s upcoming ad-supported plan, which Disney says will be priced at $7.99 pe...
Finix raises $30 million as fintech’s spotlight picks its sides
Natasha Mascarenhas
2,022
8
10
announced today that it has raised $30 million in new venture capital, bringing its total known raised to $133 million. The round comes nearly two years after the do-it-yourself payments company closed to its and about 18 months after it raised a led by LatinX and Black investors. The cash tranche is significant...
Jumia shares rise as the company’s e-commerce business revs up in Q2
Tage Kene-Okafor
2,022
8
10
African e-commerce giant Jumia reported its today. In the wake of its financial reporting this morning, Jumia’s shares climbed sharply, gaining more than 15% in early trading to $8.12 per share and bumping slightly to $8.30 per share at the time of publication. What drove its stock higher? Jumia showed growth across ...
As Telegram grows in size, so does crypto traders’ dependence on the app
Jacquelyn Melinek
2,022
8
10
few years, the crypto community has relied on social media sites like Twitter or messaging apps like Discord and Telegram to interact. But some say Telegram is the ultimate hub for communication and information — an imperative place to be in the crypto community. “Telegram usage is the bedrock of the crypto community,...
Apple announces ‘Beats x Kim’ collab, but all I see is shapewear
Harri Weber
2,022
8
10
Apple and Kim Kardashian announced their first collaboration this week, taking the wireless earbuds to new, nude-toned heights. In hues so neutral they could make even Sir Jony Ive blush, Apple said the buds will come in three flavors: “moon,” “dune” and “earth.” They’ll debut on Apple.com on August 16 and “in limite...
What does the future look like for e-commerce aggregators?
David Wright
2,022
8
10
isn’t slowing down, yet many e-commerce aggregators are already struggling. Decreased consumer confidence, inflated brand value and a freeze in investment capital are creating a perfect storm. Unless aggregators change how they operate, their future is bleak at best and nonexistent at worst. At Pattern, we the demis...
Plex introduces a social experience to its streaming app with launch of ‘Discover Together’
Sarah Perez
2,022
8
10
Streaming media platform  , already an expansive service for personal media, free streaming TV and new content discovery, is venturing into a new area with today’s launch of a new feature, Discover Together. The friends-focused feature is laying the groundwork to develop Plex as not just a streaming hub, but a streamin...
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Amanda Silberling
2,022
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Nanopath is looking to drastically change medical diagnostics
Andrew Mendez
2,022
8
10
For co-founders Amogha Tadimety and Alison Burklund, the idea of starting Nanopath, a women-focused molecular diagnostic company, came from a need to create a company focused on women’s health diagnoses based on their own experiences. They said they wanted to make sure women can get proper diagnoses because scientifica...
Not to jinx it, but SaaS valuations appear to be staging a recovery
Alex Wilhelm
2,022
8
10
selloff that started in late 2021, the value of software companies on the public market is recovering. The modest rebound posted thus far appears to have formed after a bottom in valuation terms was reached in mid-June, toward the end of the second quarter. This column asked . we pondered prematurely. But the good ...
FCC denies Starlink’s application for $885M subsidy
Devin Coldewey
2,022
8
10
The FCC has rejected the application of Starlink to provide broadband to rural America at a cost of $885 million over 10 years, nullifying . The agency said SpaceX, and another company initially awarded $1.3 billion, had “failed to demonstrate that the providers could deliver the promised service.” The Rural Digital O...
Meta Portal owners can now use their devices as a second screen for PCs and Macs
Kyle Wiggers
2,022
8
10
Portal, the beleaguered brand of smart displays released in 2018 by Meta (then Facebook), is slated for a phase-out as the company refocuses the product line on the enterprise. Ahead of the transition, Meta is releasing new features — perhaps some of the last for current owners, as the case may be — that turn Portal ...
Nonprofits reap significant savings on discount passes to TC Disrupt
Lauren Simonds
2,022
8
10
Nonprofits need and build tech, too. No matter whether you’re buying it or building it, a nonprofit budget stretches only so far. We understand, and it’s why we offer nonprofit organizations (along with students, government and military employees) a sweet discount on passes to on October 18–20 in San Francisco. an...
Mark Zuckerberg says the metaverse won’t be as cringey as his cursed selfie
Harri Weber
2,022
8
19
To mark the expansion of Meta’s bland virtual reality platform, , into , Mark Zuckerberg recently shared a selfie. The graphic, featuring the boyish CEO in front of a low-res model of the Eiffel tower, quickly struck a nerve, sparking sneers, jeers and sighs from quippy social media users. And honestly, ? If the ima...
Daily Crunch: Ending a 4-year partnership, DoorDash will stop delivering Walmart groceries next month
Christine Hall
2,022
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Fridayyyyyy. If you’re following the ups and downs of the crypto industry, on Monday at 12:00 p.m. PDT/3:00 p.m. EDT. Senior crypto reporter will be speaking with and about where they’re seeing the most exciting opportunities among early-stage web3 companies. Happy weekend, you party animals. Personally, we are...
John Carmack’s AGI startup raises $20M from Sequoia, Nat Friedman, Patrick Collison and others
Manish Singh
2,022
8
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John Carmack, the game developer who co-founded id Software and served as Oculus’s CTO, is working on a new venture — and has already attracted capital from some big names. Carmack said Friday his new artificial general intelligence startup, called Keen Technologies (perhaps a reference to id’s “ “), has raised $20 mil...
Netflix may copy Disney+’s decision not to run ads during kids’ programming
Lauren Forristal
2,022
8
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Netflix’s ad-supported tier may not run commercials during kids’ programs, a decision that its rival made in May. As reported by , Netflix told partners that kids’ programming would stay commercial-free. Sources also told the outlet that original movies would initially stay ad-free, likely to appease filmmakers who ...
Wayfair to lay off 5% of its workforce, or nearly 900 employees
Andrew Mendez
2,022
8
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TechCrunch+ roundup: How VC really works, longevity investor survey, choosing your angel
Walter Thompson
2,022
8
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“Venture capital” is semantically equivalent to “dangerous money,” which is part of its mystique. Essentially, VC is a high-stakes extreme sport in which top players can accumulate startling amounts of wealth and power. And sometimes, a massive pile of investor cash burns so brightly, it gets picked up on satellites. B...
Samsung Galaxy Z Fold 4 review
Brian Heater
2,022
8
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convictions at their own peril. The company will be the first to point to the O.G. Note phablet as the ultimate expression of this phenomenon. The line may be gone, having been absorbed into the flagship Galaxy S product, but its influence on the industry is still being felt a decade after its release left pundits won...
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Nigel Morris
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Faire and Forerunner get real about retail at TC Disrupt
Lauren Simonds
2,022
8
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Faire, an online marketplace that gives local retailers a way to buy wholesale from independent brands around the world, launched in 2017. That means the company, recently , has been navigating the impact of the COVID-19 pandemic for roughly half of its life. The startup has had to not only navigate its own business, ...
Lucid launches new EV performance brand with a three-motor $249,000 sedan
Kirsten Korosec
2,022
8
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Lucid Group, the publicly traded EV manufacturer, has launched a new high-performance luxury brand called Sapphire that pushes the bounds of performance and price. As part of the public debut, which occurred Friday morning at the Quail Lodge during Monterey Car Week, the company gave its first EV — the — the Sapphire...
Safeheron secures $7M to make private keys safer for crypto wallets
Rita Liao
2,022
8
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Crypto enthusiasts promise to build a decentralized money system that allows people to freely trade without any intermediary intervention. It’s a rosy picture, but recent events of security vulnerability indicate that the decentralized world might not be working as well as the believers envision yet. That’s why entrepr...
a16z’s fintech leads say ‘Silicon Valley is becoming unbundled’
Mary Ann Azevedo
2,022
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a16z General Partner Anish Acharya. a16z a16z General Partner Angela Strange. a16z
Rivian has dropped its cheapest trim level due to low customer demand
Kirsten Korosec
2,022
8
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Rivian is discontinuing the cheapest trim level of its all-electric truck and SUV known as the Explore package due to low demand, according to emails sent this week to customers. The company said in the email, which was first cited in the , that customers with a pre-order for the Explore package will need to reconfigu...
Stripe has laid off employees behind TaxJar, a tax compliance startup it acquired last year
Natasha Mascarenhas
2,022
8
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Stripe has laid off some of the employees who support TaxJar, a tax compliance startup that it last year, TechCrunch has learned from multiple sources and firsthand documentation. The layoffs — conducted over the last month — are related to Stripe’s decision to wind down TaxJar-focused go-to-market efforts in late Ju...
Will your company cut your benefits or your co-workers first?
Natasha Mascarenhas
2,022
8
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Hello and welcome back to  , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, was joined by TC+ reporter to wade through the news of the week. It was frantic, it was full, and forgettable it was not! Here’s what we got into: And that’s all for now. We...
What happens when a Black founder is ousted?
Dominic-Madori Davis
2,022
8
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Hughes — what happens to a Black founder ousted? Are they forgotten, like words on the tip of one’s tongue? Or revered like a deity and then thrown to the sun? The topic is often awkward to ponder and layered in its probe since the reasons for a Black founder’s booting are shrouded in unknown intentions: A Black fou...
Snap, HBO Max partner to launch AR experiences for ‘House of the Dragon’ premiere
Aisha Malik
2,022
8
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To celebrate the premiere of HBO’s highly anticipated HBO Max is partnering with Snap to give users access to in-app AR experiences. For the show’s premiere on August 21, Snap and HBO Max are releasing a new selfie and worldview Lens, along with Landmarker Lenses, that let you immerse yourself into the show’s fantasy...
DoorDash is ending its delivery partnership with Walmart
Aisha Malik
2,022
8
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DoorDash is ending its partnership with Walmart after more than four years of delivering the retail giant’s products to customers. The news was first reported by . Sources familiar with the matter told Insider that DoorDash decided to end its partnership with Walmart because it was no longer mutually beneficial and be...
After CNN+ shutdown, Discovery+ adds a CNN Originals hub to its US service
Lauren Forristal
2,022
8
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Today, Discovery+ subscribers in the U.S. get access to more than 800 episodes of CNN content through a . The network’s three brands — CNN Original Series, CNN Films and HLN Original Series — will provide viewers with a selection of titles such as “Anthony Bourdain: Parts Unknown,” “Stanley Tucci: Searching for Italy,...
Zūm founder strikes balance between accessibility and a massive logistics network
Rebecca Bellan
2,022
8
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— to introduce student transportation that is reliable, efficient, sustainable and transparent. To achieve the feat of modernizing an incredibly outdated, stuck-in-the-mud system, Zūm relies on cloud-based analytics software to create an agile bus routing system with real-time visibility for schools and parents. The s...
Artemis I is NASA’s moonshot mission to kickstart a new age of space exploration
Aria Alamalhodaei
2,022
8
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Fifty-three years after humans first walked on the moon, NASA is kicking off its ambitious Artemis program to return us there, starting with an uncrewed launch of a massive new rocket on Monday. The Artemis I mission scheduled Monday morning will see the first flight of the Space Launch System (SLS) rocket and the seco...
Daily Crunch: Meta’s upcoming VR headset will track eye movements and capture facial expressions
Christine Hall
2,022
8
26
Is it Friday again? All week we long for this day, and when it’s here, you remember all the stuff you didn’t get done while you were busy daydreaming about Friday. Oh well, we hope this bag of goodies gets to you after you’ve cleared out the to-do list and are ready for happy hour. If you’re going to next week, safet...
How W4 plans to monetize the Godot game engine using Red Hat’s open source playbook
Paul Sawers
2,022
8
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A new company from the creators of the is setting out to grab a piece of the global video game market — and to do so, it’s taking a cue from commercial open source software giant Red Hat. Godot, for the uninitiated, is a cross-platform game engine first released under an open source license back in 2014, though its...
A look at progress toward venture equity this Women’s Equality Day
Dominic-Madori Davis
2,022
8
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Equality Day, otherwise known as the day women were granted the right to vote. There’s nuance to the date, of course, as Indigenous women weren’t guaranteed that right in every state and Black women weren’t allowed to vote until 1965. This story of delayed progress is still seen in every American industry and sector...
Insta360 Link webcam review
Brian Heater
2,022
8
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to make. I’ve been in this industry for a long time. I’ve reviewed hundreds of products over the years. Through much of that time, webcams have always felt like a bit of an afterthought. I fully recognize that this quite probably is the worst way to open a webcam review, but sometimes honesty takes precedence over a g...
Five months after a $55M Series B, fintech Argyle cuts jobs
Natasha Mascarenhas
2,022
8
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, which wants to help companies and institutions get access to employment records, has laid off a number of employees across all departments, TechCrunch has learned from sources. A spokesperson for the company confirmed the workforce reduction to TechCrunch, saying that it let go of 6.5% of the team, or 20 people. The ...
Netflix tests ‘game handles’ in select mobile titles amid development of social gaming features
Sarah Perez
2,022
8
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Netflix is developing features that would allow members to play its mobile games with one another and competitively rank themselves on gaming leaderboards. The company, starting last month, quietly launched the ability for users to create unique “game handles” in a subset of its mobile games, including Into The Breach,...
Jack Dorsey says his biggest regret is that Twitter was a company at all
Taylor Hatmaker
2,022
8
26
Jack Dorsey might be , but he’s still waxing philosophical about the company. In a reply to a tweet asking about his biggest regrets (paired with, sigh, anecdotal claims about political bias on the platform) the company’s co-founder and former CEO offered the grand observation that he wishes the company had never ex...
Mobile photo editing app creator Lightricks launches text-to-image generator
Lauren Forristal
2,022
8
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Mobile photo editing app creator is hopping on the AI-generated art bandwagon with its new “Text to Image” generator within its apps, including , which is known for its photo editing capabilities, and , an app that can animate a still photo to make it look like it’s in motion. As of today, users can now create AI-g...
OpenText pushes acquisitive approach to growth with $6B Micro Focus deal
Ron Miller
2,022
8
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of when you cover enterprise software. Many are pedestrian for the most part, even if they involve large sums of money, but today’s that is buying for a total value of $6 billion feels a bit different. Micro Focus, a British company, built much of its business buying legacy software companies like , and I...
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Christine Hall
2,022
8
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Moderna sues Pfizer, BioNTech over alleged mRNA patent infringement
Andrew Mendez
2,022
8
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Moderna against Pfizer and BioNTech claiming the biopharmaceutical companies infringed on Moderna’s patents related to mRNA technology in development of their COVID-19 vaccine. The lawsuit, to be filed in the U.S. District Court in Massachusetts and Regional Court of Düsseldorf in Germany, alleges Pfizer-BioNTech’s v...
HBO grows its ‘Game of Thrones’ franchise, gives spin-off ‘House of the Dragon’ a second season
Lauren Forristal
2,022
8
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Days after HBO’s “ ” became the for a new HBO original series, the “Game of Thrones” prequel series is for a second season. Now that the rumor is confirmed, fans can rest in knowing the Dance of the Dragons is just beginning to unfold. The company also announced today that the audience has doubled with over 20 mill...
New White House directive will require free access to studies funded by tax dollars
Kyle Wiggers
2,022
8
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A new White House will require academic journals to provide immediate access to papers that are publicly funded. Announced Thursday, the policy, which will be phased in over the next several years, will end a rule that had allowed publishers to keep tax-financed publications behind a paywall for 12 months. Previously...
TechCrunch+ roundup: Why you should go APE, H-1B lottery tips, how to check references
Walter Thompson
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If you want to break even, go APE. Cloud companies generally rely on efficiency metrics like CAC payback and LTV-to-CAC, but “they feel more like financial metrics than operational ones, and it is difficult for employees to execute against these concepts,” according to Neeraj Agrawal, Brandon Gleklen and Jack Mattei of...
Panasonic considers Oklahoma for next EV battery factory
Jaclyn Trop
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Panasonic is eyeing Oklahoma as the home for its next lithium-ion battery plant, according to a report Friday by The . The proposed venture, which is expected to supply Tesla with a high-capacity, range-boosting battery, is part of a movement to as car companies and suppliers try to mitigate inflation, geopolitical ...
Supply chain startup FourKites, which recently laid off workers, raises $30M
Kyle Wiggers
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Weeks after laying off workers, supply chain startup has raised $30 million as part of an ongoing financing round, according to filed with the U.S. Securities and Exchange Commission. The filing indicates that FourKites hopes to close the round with $80 million in capital, a substantially smaller amount than the co...
India railway firm scraps plan to monetize customer data following uproar
Manish Singh
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Indian Railway Catering and Tourism Corporation (IRCTC), a state-run firm with a monopoly on online booking of train tickets, has scrapped its plan to monetize customer data after its tender drew concerns from many. The Indian firm informed the local stock exchange Friday that it was scrapping its proposal because the ...
Learning from my failures: Lessons from a 2-time founder
Darpan Munjal
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to put my entrepreneurial hat to rest. I had spent years building what I thought was shaping up to be a fashion e-commerce giant for the Indian marketplace. We’d raised pre-Series A funding of $4 million, led additional rounds and saw four years of solid growth. Yet, at the end of these four years, we swallowed the pi...
Checking in on China’s venture scene as Q3 rolls along
Alex Wilhelm
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through it. From in the second quarter and abandoned economic targets to , a power crunch, a housing crisis, concerns about the , water shortages, high youth unemployment and more, it’s a tough mix for the world’s second-largest economy — even without mentioning a background loaded with geopolitical tensions. We w...
Google’s Waze is shutting down its carpool service starting next month
Aisha Malik
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Google-owned Waze is shuttering , its service designed to connect drivers and commuters, starting next month. The six-year-old service is shutting down due to shifting commuting patterns as a result of the pandemic, the company says. The service first in 2016 and since expanded to the rest of , Brazil and Israel. T...
Human drivers in UK won’t be liable for accidents when vehicle is self-driving
Rebecca Bellan
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Manufacturers operating self-driving vehicles in the U.K. will be liable for a vehicle’s actions when in autonomous mode, according to the country’s to achieve a widespread rollout of self-driving vehicles by 2025. The British government unveiled the roadmap over the weekend, announcing $119 million in funding for AV...
Tesla increases FSD beta cost to $15,000 in North America
Rebecca Bellan
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Tesla will increase the price of its “full self-driving” beta software, the automaker’s advanced driver assistance system (ADAS), in North America to $15,000 on September 5, CEO Elon Musk Sunday. The celebrity executive said the current price of $12,000 will be honored for orders made before September 5, but delivere...
YouTube isn’t cool with videos of Tesla FSD beta testing on kids
Rebecca Bellan
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YouTube removed two videos from its platform showing Tesla drivers using their own children to conduct vehicle safety tests. The tests were meant to prove that Tesla’s Autopilot and “full self-driving” (FSD) beta software — the automaker’s advanced driver assistance systems which have automated driving features but do ...
3 views: Thoughts on Flow
Tim De Chant
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of a16z investors’ money into a new venture by WeWork co-founder and former CEO Adam Neumann, plenty of . For one, there was the massive sum and equally massive valuation for a company that, as of today, owns a few thousand rental units. Then there were the claims that Flow could help solve inequality, anxiety, lon...
New media venture in India helping readers discern signal from noise
Manish Singh
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An Indian upstart co-founded by a group of journalists, which seeks to disrupt how people follow news and what they consume, has raised funds as it prepares to accelerate its growth and broaden its offering. is aiming to serve a need for the modern pace of life where everybody is busy, said , its co-founder and edito...
A conversation with Andreessen Horowitz’s fintech leads
Mary Ann Azevedo
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Last month, Andreessen Horowitz — one of venture capital’s largest and most prominent players — announced that its “ ” going forward. Founded in 2009 in Menlo Park, California, the firm — also known as a16z — has for years been a symbol of Silicon Valley investing. Its new philosophy in this post-COVID era of remote wo...
The cybersecurity funding bubble hasn’t burst — but it’s starting to deflate
Carly Page
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. Data from Momentum Cyber, a financial advisory firm for the security industry, showed that cybersecurity startups raised a “record-shattering” $29.5 billion in venture capital in 2021, more than doubling the $12 billion raised in 2020, while a record number — including and — were minted as unicorns. The past fe...
OnlyFans’s Ami Gan and Keily Blair join us at Disrupt for a SFW fireside chat
Lauren Simonds
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It’s been a tumultuous year for OnlyFans, the popular subscription-based social media platform best known for hosting explicit content and offering an online safe haven to the sex workers who create it. In August 2021, the company launched OFTV, a streaming platform featuring safe-for-work content, a move widely seen a...
Polestar CEO sees value in EVs, even when they’re parked
Roberto Baldwin
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In its five years as a standalone automaker, Polestar has placed into production two vehicles and announced the delivery schedule of four additional vehicles. The latest, the Polestar 6, is an electric roadster that’s . It’s an impressive pace for a new company. While some of that success can be credited to the design...
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Jaclyn Trop
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There’s always another nightmarish crypto hack around the corner
Lucas Matney
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Welcome back to Last week, we looked at the near-term future for crypto gaming as VCs zero in on where to place consumer bets. This week, we’re looking at hardware wallets and the endless journey toward feeling safe in the crypto world. To get this in your inbox every Thursday, you can subscribe on The world of crypto...
Why not all VCs are ready to embrace AI-powered investment tools
Kyle Wiggers
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in its predictive prowess. Fed enough data, the conventional thinking goes, a machine learning algorithm can predict just about anything — for example, which word will appear next in a sentence. Given that potential, it’s not surprising that enterprising investment firms have looked to leverage AI to inform their deci...
Baidu to operate fully driverless commercial robotaxi in Wuhan and Chongqing
Rebecca Bellan
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Chinese internet giant Baidu has secured permits to offer a fully driverless commercial robotaxi service, with no human driver present, in Chongqing and Wuhan via the company’s autonomous ride-hailing unit, Apollo Go. Baidu’s wins in Wuhan and Chongqing come a few months after the company scored a permit to provide dri...
Crypto, where the fallen seek a fresh start
Anita Ramaswamy
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Welcome back to Last week, we talked about and how it’s sometimes at odds with regulation. This week, we’re covering a larger-than-life founder who is perhaps seeking redemption through web3. If someone forwarded you this message, you can subscribe on It’s a lesson we all learned over the last crypto bull run — cryp...