Tucked inside a 32-page earnings report, oil and gas giant BP revealed it was killing 18 early-stage hydrogen projects, a move that could have a chilling effect on the nascent hydrogen industry. The decision, along with the sale of the company’s U.S. on-shore wind power operations, will save BP $200 million annually and help boost
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The world’s richest man buys out one of the most popular social media platforms and uses it as a propaganda and disinformation machine in support of a presidential candidate. What could go wrong? An analysis from the Center for Countering Digital Hate (CCDH), a nonprofit that tracks misinformation, found that Elon Musk posted at least
Last week, OpenAI released its highly anticipated search product, ChatGPT Search, to take on Google. The industry has been bracing for this moment for months, prompting Google to inject AI-generated answers into its core product earlier this year, and producing some embarrassing hallucinations in the process. That mishap led many people to believe that OpenAI’s
One of the lessons that the wild Silicon Valley venture funding environment of the past few years has clearly taught is this: Bigger valuations are not always better. “I think we’ve all kind of seen the negative impact of having a valuation too high from the last, call it, three years,” Elizabeth Yin, co-founder of
Instead of scouring the internet for a summary of a TV show, which often risks unintentionally revealing major plot points, Prime Video’s latest feature aims to save viewers from encountering any spoilers. Amazon announced on Monday the launch of “X-Ray Recaps,” a generative AI-powered feature that creates concise summaries of entire seasons, single episodes, and
Strategy Risks Founder and CEO Isaac Stone Fish joins Emily Chang to discuss the impact of US House Speaker Nancy Pelosi’s visit to Taiwan on US-China relations and tech industry, the chips race, and supply chain bottlenecks.
Agtech unicorn Bowery Farming is shutting down, according to PitchBook, which cited internal documents and multiple company employees. The New York-based agtech company was known for building vertical farms that could produce crops including lettuces, herbs, and berries. Per Pitchbook, Bowery Farming has raised more than $700 million in funding from First Round Capital, General
The end of zero-interest rates has driven companies to look for savings wherever they can, but one area continues to be a major budget drain. Observability — collecting and understanding data and systems — typically remains an organization’s second-highest cloud expenditure, right after cloud provisioning itself. People have even gone so far as to talk
Amazon, Meta, and Microsoft have placed big bets on nuclear power to secure electricity for their data centers as AI and cloud computing have sent power use surging. But as Amazon and Meta discovered last week, those bets are far from a sure thing. A series of recent rulings from regulators dashed their hopes of
After more than a decade of waiting, Amazon’s first color Kindle has stumbled out of the gate. An issue with the new display has left Colorsoft buyers leaving unfavorable reviews. At last count, the e-reader is hovering around 2.7 stars. The company confirmed the display issues affecting a “small number” of units in a statement
The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross picket lines and provide services to mitigate the effect of a strike by New York Times tech workers. The NYT Tech Guild announced its strike Monday, after setting November 4 as its deadline months earlier. The workers represented provide software support and
DeepRoute.ai, a Shenzhen-based autonomous driving technology startup, raised $100 million from an unidentified Chinese automaker. The company aims to get its automated driving systems into as many vehicles in China before Tesla takes off next year, according to a Reuters report. China lifted certain restrictions on Tesla vehicles in April, clearing a path for the
At TechCrunch Disrupt, our team sits front and center, furiously typing away at our laptops to publish real-time news from impressive speakers like NFL quarterback-turned-founder Colin Kaepernick, Perplexity AI founder Aravind Srinivas, and Ashton Kutcher. We are a well-oiled machine. Some writers have been covering Disrupt since the old days, before Meta was Meta and
The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross a virtual picket line and provide services during a strike by New York Times tech workers. The NYT Tech Guild announced its strike Monday, having said for months that this was the deadline. “But the company has decided that our members aren’t
Apr.10 — Google is turning to its popular web service Google Maps into a major cash machine. Bloomberg’s Gerrit De Vynck reports on “Bloomberg Technology.”
Family offices invest a substantial amount of capital in startups each year. In the first half of 2023, 27% of overall startup deal value came from deals that included a family office investor, according to a recent report from PwC. Despite their prevalence in startup deals, family offices can be a mysterious class of investors
Sep.18 — Rohit Kulkarni, MKM Partners executive director, and Bloomberg’s Ellen Huet discuss WeWork’s small round of staff cuts, concerns about its cash position and the stalled talks on deals for two major London buildings leased mostly to WeWork. They speak with Bloomberg’s Taylor Riggs on “Bloomberg Technology.”
National interest technology can show up in a lot of ways, like in data analysis and cybersecurity, as well as satellites and weapons. Many startups with dual-use applications are increasingly looking at the government as an attractive customer due to its wide range of use cases and the amount of federal dollars available. And while
CareYaya, a platform that matches people who need caregivers with healthcare students, is working to disrupt the caregiving industry. The startup, which exhibited as part of the Battlefield 200 at TechCrunch Disrupt, is looking to enhance affordable in-home support, while also helping students prepare for their future healthcare careers. The startup was founded in 2022
CoffeeSpace is on a mission to help people find partners for their startup ideas online. The startup, which exhibited as part of the Startup Battlefield 200 at TechCrunch Disrupt 2024, has launched a social networking app that matches people exploring startup ideas and looking for co-founders. The startup’s algorithm only matches candidates who meet each
Bonobos founder Andy Dunn is back in the builder’s seat, working on an in-person social media platform called Pie. But the biggest lessons he learned from his $310 million Bonobos exit don’t have as much to do with entrepreneurship as they do with staying sane. When Dunn was in college, he was diagnosed with bipolar
Jun.27 — Apple Inc.’s chief designer Jony Ive is leaving after decades at the iPhone maker to form an independent company — with Apple as one of its primary clients. Loup Ventures co-founder Gene Munster and Bloomberg Opinion’s Shira Ovide discuss on “Bloomberg Technology.” Ovide’s opinions are her own.
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Money attracts money, as the saying goes. This week seemed to confirm it, with a couple startups announcing new rounds of funding only months after their previous
Part of the mythology of Silicon Valley is the committed founder driving the company to a blockbuster IPO. In reality, startups are 16 times more likely to get acquired. It’s not an outcome that’s frequently discussed, either. “It’s one of these things that a lot of people don’t really talk about. In Silicon Valley, we
Buying a home has always been complicated. You have to figure out how much money to put down and how that down payment will affect a monthly mortgage bill. Then there are the closing costs and fees. Kevin Bennett launched Further to try to help make the financial process easier to navigate — especially for first-time
Around the corner is perhaps one of the most important elections this nation has ever seen, yet many people are still unaware of the details needed to cast informed ballots. It’s not necessarily their fault — some voting information can be quite hard to find, especially when it comes to learning about, say, the political
For startups that hope to save the world, or at least make it a better place, balancing impact with profit can be tricky. “Investor and shareholder expectations are often not aligned with how hard and intractable the problems are that we face as a society,” Allison Wolff, co-founder and CEO of Vibrant Planet, said on
Two mobile operating systems currently comprise nearly 100% of the global smartphone market. Building one is hard, and for most phone makers, there are better uses of resources, especially when Android is right there for the taking. While it’s a potential differentiator, these companies have largely opted to maintain Google’s mobile OS, customized by skins and
Autonomous vehicle technology startup Aurora Innovation is targeting April 2025 for commercial deployment of its autonomous trucks, pushing its timeline back by about a quarter. The company had originally planned to launch by the end of 2024. The company said it delayed the launch so it can continue to validate its self-driving technology. “While this
Smart ring maker Oura on Thursday announced that it has acquired Sparta Science, a Bay Area-based health tracking startup. TechCrunch spoke to Sparta back in 2018 at the offices of Playground Global, a key investor. The deal marks Oura’s third acquisition in two years. The company purchased digital identity platform, Proxy, in May 2023. This
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