Chief, a professional network designed for women in leadership, has cut 14% of staff, or 43 jobs today, saying in an email seen by TechCrunch that the move is a response to the economy and that the outfit is restructuring to further focus on member experience. The layoff largely hit Chief’s U.S. employees as the
Month: April 2023
Every day, strong gusts off the North Atlantic buffet hundreds of wind farms in Ireland, generating so much energy that owners often have no one to sell it to, forcing them to dump otherwise useful power. “12 to 14% of our potential generation goes into surplus. In Northern Ireland, it’s at 18%,” said Derek Roddy,
Meta’s earning call yesterday was upbeat on better than expected revenue for the quarter. However buried in its disclosures to investors is a stark warning on looming regulatory risk it’s facing in Europe — where a decision is expected in a matter of weeks (by May 12) that could see the tech giant ordered to
If you find smartphone notifications annoying enough already thanks to their skill at exploiting the full range of distraction options available, whether dropping a banner from above or sprinkling pox-like red balls over your homescreen icons so as to lodge like grit in the eye, you should prepare yourself for even less subtle demands bubbling
YouTube Music is officially adding podcasts to its platform in the United States on Android, iOS and the web. The rollout comes a few months after YouTube podcasting head Kai Chuk revealed that podcasts would be added to YouTube Music soon. The update allows users watching podcasts on the main app to continue listening to them
Evercore ISI’s Managing Director of Internet Research Mark Mahaney joins Caroline Hyde and Ed Ludlow to share what he will be looking for in the upcoming earnings: margins and AI. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow
Meet Bastion, a French startup that was created in October 2022 to help small companies tackle cybersecurity risks without too many complexities. Created by former Palantir employees, the company has already raised $2.8 million. What makes Bastion different from other cybersecurity startups is that it wants to be your first and last cybersecurity subscription. It
Igor Shaverskyi Contributor A finance nerd with a decade of experience across various industries, Igor Shaverskyi is a partner at Waveup, where he helps startups fulfill their growth potential. The VC landscape has undergone a tectonic shift in the past year. A year ago, 90% of VC meetings with startups would have been about growth,
Italian climate startup Energy Dome, which has developed a “CO2 Battery” for storing renewable energy, has closed a €40 million (~$44M) Series B round — bringing the total raised for its novel energy storage solution to €54M (or just shy of $60M). The round was co-led by Eni Next, the corporate VC arm of Italian
Peacock losses continue to widen this quarter, NBCUniversal parent company Comcast reported Thursday, just days after the company announced that Jeff Shell’s time as NBCU CEO was up. Peacock had $704 million in losses in Q1 2023, a significant jump from $456 million in the same year-ago period. In the fourth quarter of 2022, Peacock
Grubhub is launching a pilot program with Joco, a docked e-bike rental platform based in New York City, to provide at least 500 gig delivery workers with free access to e-bikes. Ensuring that delivery workers have access to high-quality e-bikes has been a major discussion point in NYC after a spate of battery fires. Grubhub’s
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. Hi, folks! It’s Wednesday, and we’re running around like crazy, so let’s get to it! Wooooo! — Christine and Haje The TechCrunch Top 3 Can you see it?: Enterprise security company Lookout
Bosch will acquire the assets of U.S. chipmaker TSI Semiconductors to expand its semiconductor business with silicon carbide chips (SiC), the German engineering and technology giant said Wednesday. The acquisition includes a $1.5 billion investment over the next few years to upgrade TSI Semiconductors’ manufacturing facilities in Roseville, California. Starting in 2026, the first chips will
Roku delivered its first quarter results on Wednesday with better-than-expected revenue and the addition of 1.6 million active streaming accounts in the period. Although the company’s results came in above analyst estimates, Roku told investors that it sees its advertising business remaining challenged. The company’s revenue for the quarter reached $741 million, up just 1%
Help! My company didn’t register me in this year’s H-1B lottery Sophie Alcorn 8 hours Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities
The Exchange goes hunting to understand what a key group of fintech startups may be worth – or not Alex Wilhelm Anna Heim 8 hours While the banking world watches American lender First Republic publicly convulse after its earnings report detailed a widespread evaporation of its deposit base, the startup world of neobanks is taking
Twitter was only confirmed yesterday as one of 19 major tech platforms subject to centralized oversight by the European Union’s executive starting this fall, when so-called very large online platforms (VLOPs) are expected to be compliant with the Digital Services Act (DSA). But the Commission has not wasted any time warning the Elon Musk-owned social
Last week, a song using AI deepfakes of Drake and the Weeknd’s voices went viral, but neither major artist was involved in its creation. Meanwhile, Grimes has taken to Twitter to offer 50% royalties on any AI-generated song that uses her voice, then declared that she is interested in “killing copyright,” which would probably undermine
Westly Group Managing Partner and former Tesla Board Member Steve Westly joins Caroline Hyde to discuss why he thinks Tesla has been smart on profitability and why it’s important to play the game with China, being the largest market in the world. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the
Smile Identity, a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve, a Ghanaian developer of identity verification software. In a statement shared with TechCrunch, Smile Identity said it is “actively fulfilling regulatory requirements to finalize the transaction for the [Inclusive Innovation] affiliated
Lookout’s long-running transition to becoming an enterprise security company is all but complete, revealing today that it’s selling its consumer mobile security business to Finland’s F-Secure. Terms of the deal were not disclosed. Founded out of Boston in 2009, Lookout originally started out as a consumer-focused smartphone security and data backup business, garnering millions of
Everything you buy and every service you pay for pollutes. In the case of a coffee, it might be a little. In the case of a Chevy Suburban or a flight to Durban, it might be a lot. Exactly how much, though, isn’t easy to determine. That’s in part because hardly any companies comprehensively track
The energy-intensive process of separating and purifying chemicals and gases is a big reason why industries like plastic manufacturing cause so much pollution. UniSieve wants to reduce their carbon emissions and operational costs with its tech, which uses a high-precision membrane with special crystals that can filter specific molecules and ions. Today the Zurich-based startup
Netflix has announced that the third season of “The Witcher” will premiere on June 29. The streaming service is splitting up the season into two parts, with the second half of the season debuting on July 27. The third season will be particularly notable because it will be last with Henry Cavill playing Geralt. Following this
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. Oh heeeeeey. We’re back with another crunchy edition of our Tues-daily Crunch. With Early Stage behind us, we’re setting our sights on our Disrupt event that’s coming up — and Alex just
I’m thrilled to announce this TechCrunch Live event. The startup Cambrian BioPharma is developing a life-changing technology while pioneering a radical approach to a pharmaceutical company. Don’t miss this TechCrunch Live taking place on May 3 at 12 p.m. PDT. Register here. It’s free to watch and participate. Cambrian BioPharma bills itself as a new
About two-dozen venture capital firms say they are teaming up to “build a robust movement” in the VC business to combat the climate crisis. The group calls itself the Venture Climate Alliance, or VCA. The coalition counts well-known tech investors, including Kleiner Perkins, Tiger Global and Union Square Ventures as members, and said in a
Anthemis Group is undergoing a restructuring that resulted in its letting go of 16 employees, or about 28% of its employees, earlier this year, the fintech-focused venture firm has confirmed to TechCrunch. A spokesperson for London-based Anthemis said the move was an effort “to better reflect current market conditions and to set up the business
Colorado’s governor signed a refreshingly straightforward “right-to-repair” bill into law this afternoon, requiring companies to provide resources like parts, firmware and manuals for devices that they previously kept secret and proprietary even if an owner wanted to do the repairs themselves. Colorado’s “Consumer Repair Bill of Rights Act” is one of many such bills that
Alphabet reported its latest earnings report today, citing that YouTube raked in $6.69 billion in advertising revenue for the first fiscal quarter of 2023—an approximate 2.6% decline compared to the $6.87 billion during the same period last year. Despite the disappointing number, YouTube managed to slightly beat analysts’ expectations of $6.6 billion. This is the
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