Tesla CEO Elon Musk said the electric-car maker will dabble in advertisements, a major shift for the company that’s largely avoided traditional marketing. Ark Invest Analyst Tasha Keeney joins Ed Ludlow to explain why she thinks it’s not a bad idea. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest
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WeWork founder Miguel McKelvey outlines his next act for the first time. He joins Caroline Hyde and Ed Ludlow to discuss his acquisition of clothing maker American Giant, starting a new shoe brand and building a social network for senior-aged users. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest
Insight Partners Managing Director George Mathew joins Caroline Hyde and Ed Ludlow to discuss the investing opportunities in generative AI and competition with China, and why he thinks many companies will struggle in their transition to 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
Scale AI is launching two new platforms to help enterprises and government customers apply generative AI within their organizations. CEO Alexandr Wang joins Caroline Hyde to discuss AI regulation without stifling innovation. ——– 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
AWS CEO Adam Selipsky joins Bloomberg’s Emily Chang at ‘AWS re:Invent 2022’, Amazon’s big cloud computing conference in Las Vegas. He discusses Amazon’s new in-house chips, data security, his outlook on the macro environment and job hiring freezes, and cloud competition.
Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it is now valued at $1.6 billion. The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary
Hey Atlanta founders! Apply now to pitch at TechCrunch Live’s Atlanta event. Next month, TechCrunch Live is shining a spotlight on the Atlanta tech ecosystem once again, in a special (but virtual) episode of TechCrunch Live taking place on June 7 at 11:00 am PT / 2:00 pm ET. TechCrunch has always received a warm
Last year, Americans bought more heat pumps than gas furnaces, a striking split that’s likely to widen in the coming years as consumer awareness and climate regulations foster their uptake. Heat pumps are already widely used to cool homes across the Southeast, and they’re making inroads in the Northeast and Midwest, where consumers are warming
European early-stage investor Seedcamp has announced the $180M close of its “Fund VI”. It’s a long way from a London university lecture hall 15 years ago in September, when Founding Partner and co-CEO Reshma Sohoni stood up and introduced the first Seedcamp cohort (Incidentally, this was the same day TechCrunch launched in Europe, and my first day
Christian Owens Contributor Christian Owens is executive chairman and co-founder of Paddle, a payments infrastructure provider for SaaS businesses. Following the valuation collapse of the last 12 months, the phrase “efficient growth” is reverberating around SaaS boardrooms worldwide. Every software leader is seeking to boost revenues, cut costs, and demonstrate a clear path to profitability.
According to the founder of Singapore-based telehealth platform Ora, 90% of its patients are less than 39 years old and have not been treated for their conditions offline. That puts the onus on Ora to make sure its patients, mostly millennials who live in cities, have a good experience. Ora wants to perform with verticals
Historically, the Black community in the U.S. has been disproportionately affected by the effects of climate change. Relegated for decades to a vulnerable economic and social class, the community is nearly always at risk of facing the brunt of natural disasters, no matter where they occur. This issue has inspired many Black founders and investors
The spotlight of hype has lit up many areas since autonomous driving had its own time in the sun, but progress in the technology is chugging along. It’s clear that the dream of not having to drive ourselves around is not dead, given the rising tallies of miles driven by bots, greater commercialization, and other
Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by Kamakshi Sivaramakrishnan, the co-founder and CEO at Samooha, a startup creating the infrastructure needed for data collaboration. Kamakshi talked about what it is like being a repeat founder in a male-dominated technical field. She talked about juggling being a parent and
The real estate industry is a bit of a greenhouse gas powerhouse, responsible for 40% of all global emissions. A quarter of that comes from building materials, and Tangible has had enough. The company is building a tool for finding, managing and reporting on lower-carbon, more sustainable, building materials, and just closed a $3 million seed
Logitech is moving forward with its handheld gaming console focused on cloud gaming as the company is about to launch its device in Europe. In addition to this release, the company is still actively releasing software updates for the Logitech G Cloud. The Logitech G Cloud will become available gradually between May 22 and June
Normally in the music industry, it’s more or less impossible for ordinary investors to buy music rights. Thus, Web3 startups saw an opportunity to tokenise music assets, allowing fans access to music rights in a wholly new fashion. Of course, this garnered a lot of interest during the Crypto boom a couple of years ago.
Sameer Dholakia, partner with Bessemer Venture Partners, joins “Bloomberg Technology” to discuss investing in AI and the details on BVP’s new $1 billion commitment from current funds to back AI-native companies. ——– 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
Generative AI — AI that can write essays, create artwork and music, and more — continues to attract outsize investor attention. According to one source, generative AI startups raised $1.7 billion in Q1 2023, with an additional $10.68 billion worth of deals announced in the quarter but not yet completed. There’s scores of competition, including
A team of ex-Googlers is today launching a new digital creativity platform, Rooms.xyz, into beta testing. The startup, backed by $10 million in seed funding led by a16z, offers a browser-based tool for designing 3D spaces — or “rooms” — using drag-and-drop, editable objects or code, allowing users to express themselves through creative play as
In 1846, London surgeon John Hutchinson invented the spirometer, a thing you blow hard into, to measure the volume of air inspired and expired by the lungs. It’s a pretty basic idea. Incredibly, since then, the technology has barely evolved. Today, the modern spirometer doesn’t even measure the amount of CO2 expelled by the lungs,
Jamie Siminoff has been busy. The Ring founder quietly exited the advisor role he took back in March after exiting the brand’s CEO role. He had been at Amazon since its 2018 acquisition of the firm. Turns out he’s sold yet another startup — this time one you’ve never heard of. The clunkily named Honest
Aldagram, a startup out of Japan developing project management software for construction companies, has picked up a new strategic backer to help it build out its footprint across Asia and the Middle East. Panasonic, the consumer electronics giant that also develops solar panels, air conditioning units and many other products for its sizable buildings and
Jenfi, a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. Participation came from returning investor Monk’s Hill Ventures, which led Jenfi’s Series A two years ago, ICU Ventures, Granite Oak, Korea
Vice was valued at $5.7 billion just six years ago, eyeing a potential IPO. Now, the trendsetting media company has filed for Chapter 11 bankruptcy. The company’s lenders — Fortress Investment Group, Soros Fund Management and Monroe Capital — have agreed to purchase the company for $225 million. That’s only about 4% of the company’s
Chaitanya Vaidya Contributor Chaitanya Vaidya is the co-founder of Deeprisk.ai, holds a fintech AI patent and has been in the tech innovation space for more than a decade. With the rise of open-source AI models, the commoditization of this groundbreaking technology is upon us. It’s easy to fall into the trap of aiming a newly-released
Robin Godenrath Contributor Robin Godenrath is founding partner and managing director at Picus Capital. His focus is early-stage technology investments, particularly in HR tech, robotics, and healthcare industries. Alex Rohregger Contributor The United States and China have long been ahead of the pack when it comes to robotics funding. However, data from 2022 is showing
The venture community has realized several things in recent years: Climate change isn’t going away, and there is a huge opportunity to invest in companies that promise to define entire segments of the future economy. With a few hiccups along the way, venture dollars have begun to flow with increasing volume and regularity to climate
Welsh in-space manufacturing startup Space Forge has developed a satellite reentry system to enable rapid recovery and reuse of its in-space manufacturing spacecraft. The new system, which includes a heat shield and a water vehicle designed to soften the spacecraft’s landing, will be incorporated into the company’s in-space manufacturing satellite platform called ForgeStar. As opposed
Amazon has reached a deal with Embracer Group, the company that holds the IP rights for “The Lord of the Rings” and “The Hobbit,” to release a massively multiplayer online (MMO) game based on the works of J.R.R. Tolkien. The upcoming game will be an open-world MMO adventure set in Middle-earth, featuring the stories of
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