For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category. AI deals continued to dominate venture funding during the third quarter. AI companies raised $18.9 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding. The third quarter also saw the close of
Last summer, a twin-propeller plane touched down on the gray-cratered terrain of Nuuk, the capital of Greenland. A 28-year-old deboarded, ready to march into the Nordic parliament building with a bold proposition: “I went to Greenland to try to buy it,” Praxis founder Dryden Brown wrote in a viral tweet later. On the phone with
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! Despite the short workweek in many locations, the last few days have been crammed with deal announcements and funding news, although it is too early to tell how much was just on hold before
Microsoft is in a pickle: It has committed to being carbon negative by 2030, but its emissions have skyrocketed more than 40% since 2020, thanks in part to its booming AI business. The company has bought a bunch of renewable power, but some emissions, like air travel, have been impossible to eliminate. What’s a Big
As the influencer economy grows, startups like Passionfroot, Agentio, and One Impression, along with social platforms like Instagram, YouTube, and TikTok are trying to build marketplaces to connect brands with creators. Miami-based startup Influur is banking on two unique aspects of its platform: quick response from creators and financial tools to ensure they are paid
Instyle reported yesterday that Meghan is an investor in the hair and wellness company Highbrow Hippie, founded by her colorist Kadi Lee, and Myka Harris. The company was announcing the launch of a new hair care line and Meghan told the outlet that she was “proud to invest in her as a friend and as
Global travel continues to gain ground, with the World Travel and Tourism Council predicting the industry will cross $11 trillion in revenues this year. Consumers are evolving from the so-called “revenge travel” of the post-COVID-19 years, dedicating a growing share of their budget to a wider array of experiences away from home. Add AI to
When you board a plane, the pilot already knows the weather on the flight path and can steer clear, or at least warn you it’s coming. The same can’t be said of “space weather” from solar events, which can seriously affect satellites and even passenger planes. Mission Space is about to launch a constellation to
AI’s insatiable thirst for electricity is expected to surge in the coming years, potentially leading to power shortages for data centers. New servers last year demanded 195 terawatt-hours of electricity, according to a new report from Gartner. That’s as much as 18 million households use in a year. But by 2027, new servers could command
Spotify CEO Daniel Ek has once again teased the company’s long-delayed HiFi or “super premium” tier, a higher-qualify subscription offering the streaming service first announced in 2021 and then failed to roll out. In the company’s third-quarter earnings call with investors on Wednesday, the exec suggested that such a product was still on the way,
Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to raise in the transaction. Pony operates a fleet of 190 “robotrucks” in Beijing and Guangzhou and more than 250 robotaxis in Beijing, Guangzhou, Shenzhen, and
Bluesky is continuing to blow up. The Twitter-like service and alternative to Elon Musk’s X, has now surpassed 16 million users after seeing rapid growth in the days following the U.S. presidential election. While many are leaving X over the service’s increasing right-wing leanings and Musk’s campaigning for Trump, others are unhappy with other changes
For all its promise as a climate-friendly fuel, hydrogen hasn’t had much luck. It lost the battle over personal transportation to battery electric vehicles, and for industrial users, it remains far more expensive than natural gas. That’s in part because natural gas can flow through sprawling networks of pipelines. Hydrogen doesn’t, which means buyers either
There now exists an MP3 file in this world of Mark Zuckerberg earnestly singing the lyric “to the window, to the wall, ’til the sweat drop down my balls.” The Meta founder met his wife, Priscilla Chan, at a college party where the song “Get Low” by Lil Jon & The East Side Boyz featuring
To stay competitive, some companies are scrambling to adopt AI, but they are sometimes unsure of the best way to integrate AI into their business. Illiya Valchanvov, co-founder and CEO of Team-GPT, thinks he has an answer to their worries. In 2023, Valchanvov and Ilko Kacharvo, Yavor Belakov, Katya Vaptsarova, and Maria Valchanova launched Team-GPT
A 2018 Supreme Court ruling eliminated the requirement that an e-commerce retailer needed a physical location in a state in order for said state to be able to collect sales tax on purchases made by residents. While the decision was a boon for states, it created a headache for e-commerce sellers. Kintsugi is looking to
Startup inspiration can strike anywhere. But for Atlas.co*, a freemium browser-based, real-time mapping tool that’s being built by an Oslo, Norway-based team of (initially student) engineers, the realization that there might be a business opportunity in competing with expensive legacy mapping software hit the founders during class. “When we took introduction class to GIS [geographic
Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse in the country’s streaming and television markets. The deal, proposed in February, brings together Disney’s Star India with Reliance-controlled Viacom18 under a joint venture that will control about 85% of India’s streaming market and roughly half of television viewership
Starfish Space has closed a new tranche of funding led by a major defense tech investor as it looks to launch three full-size satellite servicing and inspection spacecraft in 2026. The Washington-based startup’s Otter spacecraft is designed for two primary missions: extending the operational life of expensive satellites in geostationary orbit (GEO) and disposing of
Soaring private vehicle ownership and declining use of public and non-motorized transport have created mounting traffic congestion in India, the world’s most populous country, which also struggles with relatively narrower roads and inadequate parking facilities in cities. New Delhi recognizes these challenges and has been exploring new ways to address them quickly. Indian Prime Minister
Spotify announced on Wednesday that it will start paying podcast hosts who make popular videos on its streaming platform, as the company looks to take on YouTube’s dominance in the video podcast space. The company announced a new “Partner Program” that lets creators monetizes their content beyond ad revenue. Although creators can already monetize their
Carl Madi spent a chunk of the last decade working for Uber and Handy, an online marketplace for cleaners. “I spent a lot of time convincing drivers, handyman and cleaners, to join the gig economy,” he told TechCrunch. But when the pandemic struck, he saw many people lose their jobs overnight. He noticed that there
A startup is training an AI system that it claims will enable creators to generate cinematic worlds, with complete control over the scenery, characters, lighting, and motion. How? By having humans strap cameras to their backs and hike around the world. Odyssey, founded by self-driving pioneers Oliver Cameron and Jeff Hawke (Cameron was previously the
Lyten, a Silicon Valley battery startup, announced today that it’s acquiring manufacturing assets from Northvolt, a Swedish battery manufacturer that’s facing a cash crunch. As part of the deal, Northvolt is selling manufacturing equipment the company inherited in its 2021 acquisition of Cuberg, another battery startup. Lyten will also assume the lease of Cuberg’s old
In August, I did something I never imagined myself doing: I bought a house. After spending most of my adult life in New York City, I moved a couple hours north to the Hudson Valley. It’s been every bit as major an adjustment as I’d expected. Along with your standard new homeowner surprises — like
Former CNN anchor Don Lemon said on Wednesday he is leaving Elon Musk’s X, a decision made less than a year after X announced that “The Don Lemon Show” would appear on the social media platform three times a week. That deal was canceled before it was ever signed, and Lemon sued Musk and X
Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based Wonder Group in a deal valued at $650 million — a stark 91% less than the $7.3 billion Just Eat Takeaway paid for the company just four years ago. The deal is expected to close in
Prelude is a relatively new French startup that focuses on SMS verification; it’s announcing new funding from Singular and Seedcamp on Wednesday. The two founders met when they were working for Zenly, a popular location-sharing app with tens of millions of users that was acquired by Snap (and later shut down). While you might not
Fitbit’s Ace LTE, the smartwatch designed for ages 7+, is introducing new features to help families stay connected and get active together. On Wednesday, Fitbit announced a slew of new features, including group chats, family quests, a new mini-game, and two new watch faces. There’s also a new direct message feature for siblings to text
Knowing how your cloud application will behave in production usually requires significant development and testing in the environment in which it will be deployed, be that AWS, Azure, Google Cloud, or wherever. But this can be a resource-intensive endeavor, particularly with issues relating to latency (the time it takes to constantly send data) and the
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