The U.S. Senate earlier this week approved the CHIPS Act, which includes $52 billion to subsidize domestic semiconductor production. It still has to struggle its way through the bureaucracy (here’s a quick refresher), but clearing the Senate is a huge and important step toward the American chip fabrication industry getting a serious chunk of cash.
Month: July 2022
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann got together with Grace once again this week for our weekly roundup show, and hot dang was there a lot to talk about. So much so that we actually had to
More smartphone struggles, as reports trickle in for Q2. Per Canalys, global shipments dropped 9% for the quarter, reversing a brief recovery for the category, whose woes have only been amplified by the pandemic, ensuing shutdowns, supply chain issues and persistent economic uncertainty. The 287 million units represent the lowest figure since Q2 2020, when
Twitter’s bid to get Elon Musk to follow through with his multi-billion-dollar bid to buy the social network will officially go to trial on October 17, a Delaware judge has confirmed. As Bloomberg reported earlier today, the ongoing feud between Twitter and the world’s wealthiest man will come to a head in the Delaware Court
Twitter is starting a new test that allows users to post images, videos, and GIFs in one multimedia tweet. Until now, users could post only one form of media per tweet. But this new format will shake things up and let people combine multiple formats in one tweet. The company confirmed the test and said
Kristen Corpion Contributor Kristen Corpion is the founder of CORPlaw, a Miami-based law firm serving fast-growing technology companies and entrepreneurs as fractional general counsel. More posts by this contributor When should an early-stage startup hire a full-time lawyer? Non-fungible tokens may be revolutionizing the way we own and transact with digital assets in the 21st
Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. Inspired by a motorcycle journey, Packworks is on a mission to change that, with a mobile enterprise resource planning (ERP) platform that just raised $2 million led by logistics group Fast Group and CVC Capital Partners, with participation
In this current climate, Roku needed a win. Despite the company reporting total net revenue growth of 18% year over year to $764 million– a nice increase from $737.7 million last quarter — the company missed Wall Street’s expectations. Analysts expected revenue of $805 million, which would have reflected 25% year-over-year growth. What is to
Twitter is increasing the price of its subscription service, Twitter Blue, from $2.99 to $4.99 per month. Starting in October, existing subscribers will have to pay more. New users will currently have to pay the hiked rate. Apart from the U.S., the price hike is also applicable to other countries like Australia, Canada and New
Snapchat’s recent move into premium subscriptions has gained a bit of traction in its first weeks on the market. Though the social app maker just last week reported a disappointing second quarter with an earnings miss amid a weak advertising landscape, its brand-new subscription Snapchat+ has already helped the app rake in over $5 million
A compromise in Congress is forming among Democrats to tinker with the tax code, generate revenue by other means and apply those revenues to climate-change-related investments and deficit reduction. The Inflation Reduction Act of 2022, if it passes, would institute a minimum tax rate for large companies and close the carried interest loophole. TechCrunch explored
Paragon, a startup building a platform that integrates and aggregates various software-as-a-service (SaaS) apps for enterprise clients, has raised $13 million in a series A round led by Inspired Capital, alongside previous investors FundersClub and Garuda Ventures. CEO and co-founder Brandon Foo said that the tranche will be put toward “scaling” and expanding Paragon’s team
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Why, hello there, and welcome back to another installment of the Daily Crunch! It’s lovely to have you here with me. Also, give Freelance Whales a listen. I discovered the band when
Apple released its third-quarter earnings on Thursday and reported $19.6 billion in services revenue, marking a 12% year-over-year increase, but narrowly falling short of Wall Street predictions of about $19.7 billion. The tech giant’s third-quarter services revenue also falls short of last quarter’s record-breaking $19.8 billion and is also down from the 27% growth it
Jumping into a flatpacked, chipboard room wasn’t my usual experience of the U.K.’s legendary Glastonbury Music Festival. But here I was, doing my best to dance around and test out this crazy new way of putting myself into the so-called Metaverse. It turned out to be a legit experience, as Bristol, U.K.-based startup Condense, showed
Fresh fish isn’t really that fresh — even straight off the boat. The way they’re caught and killed is not only inhumane but detrimental to the resulting meat. There’s a far superior alternative, but it’s time-consuming and manual — but Shinkei Systems has figured out a way to automate it, even on the deck of
YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok. To aid with this effort, the company is today rolling out a new creator tool that turns existing YouTube videos into Shorts in a matter of moments. The update, now available on
Summer Health CEO and Co-Founder Ellen DaSilva joins Emily Chang to discuss how her message-first platform for parents got the backing of Sequoia Capital, Lux Capital, Chelsea Clinton’s Metrodora Ventures and others. Plus, her views on the general state of American health care, and the digital healthtech scene in a post-Roe world.
Fly.io co-founder and CEO Kurt Mackey says that developers don’t really understand the term edge computing. They just know they want to run their applications closer to the user to make them more responsive. He believes that the traditional way of doing this with a content delivery network (CDN) is a flawed approach, and he
The idea of corporate gifting to maintain client relationships isn’t a novel concept. In fact, there’s a cottage industry of “gifting-as-a-service” startups that promise to streamline the task, ranging from companies such as Reachdesk and &Open to Sendoso and Goody. Vendors claim their industry is a profitable one (worth an estimated $258 billion) because the
Frugal founders and savvy shoppers take heed. TechCrunch Disrupt, which takes place in person on October 18–20 — and online October 21 — can be a serious boon to your business. But our early-bird pricing disappears in a cloud of ruffled feathers on Friday, July 29 at 11:59 p.m. PT. You have just 48 hours
Facebook users were yesterday unable to engage in discussions or see comments on popular pages, sending confusion to some consumers, who thought they had been censored. Meta, Facebook’s parent company, told TechCrunch that a technical issue had caused the glitch that temporarily concealed comments on the page posts of verified accounts. Facebook said it had
Remember Natural Language Processing? NLP arose several years ago but it was only in 2018 that AI researchers proved it was possible to train a neural network once on a large amount of data and use it again and again for different tasks. In 2019 GPT-2 from Open AI, and T5 by Google appeared, showing
Snapchat has launched a new in-app game called Ghost Phone designed to showcase the company’s AR technology by allowing players to discover the secrets of an abandoned phone and hunt supernatural beings around them. To launch the game, users can either head to Snapchat’s Lens Explorer and find the Lens called Ghost Phone, tap the
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, Daily Crunchers! Personal story time: I came to the U.S. on an IR1 visa — also known as a “green card” — after having been married to an American for more
Switchboard, a collaboration app that combines features of videoconferencing and digital whiteboarding, today announced that it raised $25 million in a Series A round that values the company at $200 million post-money. Icon Ventures led the tranche with participation from Sequoia, XYZ, and Spark Capital, bringing Switchboard’s total raised to $38.4 million. Co-founder and CEO
Sequoia, the world’s most influential venture fund, has made its maiden investment in Pakistan, joining a growing list of high profile investors who have backed young firms in the South Asian market in the past one year. Islamabad-headquartered startup Dbank said on Thursday it has raised $17.6 million in a seed round, the largest in
Autonomous vehicle company Pony.ai is forming a strategic joint venture with Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry, to create an autonomous truck brand. The plan is to combine Pony.ai’s “virtual driver” with Sany’s technical prowess in building heavy-duty trucks to build automotive-grade self-driving trucks with Level 4 autonomy,
Today, the National Football League launched its streaming service NFL+ which has been officially priced at $4.99 per month or $39.99 per year. However, with this launch, the outgoing NFL Game Pass will no longer be offered in the United States. The NFL+ subscription will include all live out-of-market preseason games, live local and primetime
Ax Sharma Contributor Ax Sharma is a security researcher and reporter. His areas of interest include open source software security, malware analysis, data breaches and scam investigations. If combating attacks and hijackings of legitimate software on open source registries like npm weren’t challenging enough, app makers are increasingly experiencing the consequences of software self-sabotage. A
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