Micron Technology gave a lackluster revenue outlook for the current period, indicating the slump in demand for computer components will drag on, and said it will reduce its workforce by about 10% over the next year. Bloomberg Intelligence’s Paula Penkal breaks down the numbers on “Bloomberg Markets: The Close.” Like this video? Subscribe to Bloomberg Technology
If you’re a parent with young children, then you’ll probably hear this a lot on Christmas Eve: “Where’s Santa right now?” With tracking tools like the NORAD Santa Tracker and Google’s Santa Tracker, everyone can know when Father Christmas will arrive. Here’s how to follow Santa’s journey this Christmas Eve. Track Santa Claus with NORAD
Bloomberg’s Sonali Basak joins Caroline Hyde and Ed Ludlow to discuss the highlights of current FTX CEO John Ray III’s hearing on Capitol Hill about the collapse of the crypto exchange.
Reliance has backed the Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing on Thursday, making further inroads in startup backings globally. Reliance Strategic Business Ventures, a wholly-owned subsidiary of Reliance Industries, has acquired a 23.3% stake in Exyn for $25 million, the Indian firm said. The Indian firm’s
Three years ago, Mila showed up on Kickstarter with its smart air purifier. The company created an air cleaner with a choice of different filters to suit the use case (and price point) customers were interested in, along with an impressive array of sensors built into the device itself. Today, the San Francisco-based company announced
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. Today we celebrate a bit of oversight over an industry that has been allowed to prey on those less fortunate for way too long — Devin reports that the FCC is taking
For the last 24 months, Thomvest Ventures recorded headcount data for 150 Series A to C enterprise SaaS startups, and we have the numbers. This report prepared by Eddie Ackerman, Thomvest’s strategic finance operating partner, looks at startup hiring velocity since February 2021 by region, company type and, notably, how much time passed since last
This year’s been eventful for investors and founders alike. Just as it seemed the venture capital boom of 2021 was slowing down, the startup and VC worlds spun on their axes practically overnight, birthing a new dynamic where “growth at all costs” was quickly replaced by a more measured and careful approach to business and
In case anyone asks, 2022 was all about energy — natural gas, oil, renewables, all of it. Natural gas prices surged early as Vladimir Putin’s poorly thought-out decision to invade Ukraine slashed gas deliveries to Europe. That, coupled with high oil prices, substantially contributed to near-record-setting inflation that forced central bankers to raise interest rates.
Remember the Apple AirPower charging mat? Announced in 2017, the device was supposed to recharge three devices simultaneously, but Apple never released it, citing engineering issues. Now, Tesla is giving it a shot with the just-announced Wireless Charging Platform. Inside the Cybertruck-inspired aluminum casing is a wireless charging platform named FreePower from a startup called
We made it! Another year (nearly!) complete. Go team! The end of the year means many things — holidays, food, family, reflection, etc. Around these parts, it also means it’s time for the TechCrunch Favorite Things list. Each year Team TechCrunch puts together a big list of the things that, when we look back over the
Elon Musk is on the stand defending his $55 million pay package at Tesla. A Tesla investor sued saying he’s being paid too much. Bloomberg’s Ed Ludlow reports. 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 Emily Chang here: Get the latest in tech
Reliance has backed the Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing on Thursday, making further inroads in startups globally. Reliance Strategic Business Ventures, a wholly-owned subsidiary of Reliance Industries, has acquired a 23.3% stake in Exyn for $25 million, the Indian firm said. The Indian firm’s investment
Eddie Ackerman Contributor Eddie Ackerman is strategic finance operating partner at Thomvest Ventures, where he works closely with the company’s portfolio companies to provide valuable financial insight and guidance. Recent headlines have been dominated by announcements of large headcount reductions across the tech industry and especially at giants like Meta, Amazon and Twitter. But it’s
Text-to-image AI exploded this year as technical advances greatly enhanced the fidelity of art that AI systems could create. Controversial as systems like Stable Diffusion and OpenAI’s DALL-E 2 are, platforms including DeviantArt and Canva have adopted them to power creative tools, personalize branding and even ideate new products. But the tech at the heart
Rajan “Raj” Moonesinghe (right) and his brother Johann Moonesinghe (left) pictured with their cousin (center). Image Credits: Johann Moonesinghe For years, Austin has made headlines as an evolving tech hub where startups, large companies and investors alike have flocked to set up a presence. But as 2022 closes, the Texas capital is in the news
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. Well, the weather outside is…entirely dependent on where you are, we suppose. For the purposes of this newsletter, let’s imagine sunshine, some pristine beaches, a lovely gentle cooling breeze, and some piña
YouTube and the National Football League announced on Thursday that the two have reached a deal for the NFL Sunday Ticket. Starting next season, NFL Sunday Ticket will be available on two of YouTube’s subscription businesses as an add-on package on YouTube TV and standalone à la carte on YouTube Primetime Channels. The NFL Sunday
We’ve seen attempts at gathering all cards (credit, debit, loyalty, etc.) in one before, but Card Blanch claims to have a fresh take on the concept and closed just shy of half a mil worth of angel investments with a very elegant deck. The company gets a few parts of the slide deck right that
Founders and investors alike are bracing for a tough 2023 as the economy shows few signs of improving. But there are a lot of questions up in the air: Will the truckload of dry powder VCs have make its way to the market? Are there going to be more layoffs if the pressure on valuations
Visual effects artists, especially the ones that work on Marvel films, are in more demand than ever — and rarely get enough credit. Nearly a dozen VFX houses contribute to one Marvel project. Perception, the Emmy-nominated design and VFX lab that has worked on 33 Marvel films and series, was assigned the challenging task of
Bloomberg’s Sonali Basak joins Caroline Hyde and Ed Ludlow to break down why crypto lender BlockFi filed for bankruptcy in the wake of crypto exchange FTX’s rapid downfall.
Software spend is becoming a prime target for cuts as it grows into a larger line item in enterprises’ budgets. According to one recent report, customers are putting 53% more toward software-as-a-service (SaaS) licensing compared to five years ago. Management has come down aggressively; 57% of IT teams told Workato in a 2022 poll that
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 that expand their lives. More posts by this contributor Dear Sophie: When can I register
Meet Vianova, a French startup that is building a data platform for shared mobility companies as well as local governments. The company acts as both a data repository and a data visualization dashboard. It has raised a $6.4 million (€6 million) Series A funding round led by Baloise VC with XAnge as well as existing
Elon Musk’s acquisition of Twitter sent Tesla’s stock price on a roller coaster this year as its value correlated — largely negatively — with each development at the social media company. But SpaceX’s support from investors seems immune to the drama. Back in April, when Musk first announced his intention to acquire Twitter, it was
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. It’s the mooooost wonderful tiiiiiiime of the yeeeaaar. Today, we’ve been skiving off work to explore the weirdest subgenres of holiday music. Trap Christmas is a thing. Christopher Lee (yes that Christopher
Netflix is officially branching out into fitness content, as the company announced today that it’s going to start streaming Nike Training Club classes next week. The streaming service will release a total of 30 hours of exercise sessions in two separate batches. The programs, which include workouts for all fitness levels, will be available in
Whether you’re singing “Take This Job and Shove It” while workin’ “9 to 5” or you’re a fledgling startup founder, TechCrunch Early Stage 2023 is the bootstrapping bootcamp designed just for you. The daylong founder-focused summit — on April 20 in Boston, Massachusetts — covers the essential building blocks you need to build a solid foundation
Vidya Raman Contributor More posts by this contributor The product-led growth playbook For founders winding down from a challenging year and planning for the new year, this is an excellent time to reevaluate your relationships with the investors you work with. I am fortunate to be able to work with almost a dozen early-stage startups