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Fluid Truck files for Chapter 11 bankruptcy and pursues sale after leadership shakeup

Less than two months after Fluid Truck’s board ousted its sibling co-founders from their executive positions, the company has laid off 30% of its staff, filed for Chapter 11 bankruptcy protection, and found a potential buyer to take on the business...

2024-10-18 23:00 – Similar articles – read more

This $600 Buzz Lightyear toy is the most realistic yet

Do you have $600 burning an asteroid-sized hole in your pocket? If so, the new Buzz Lightyear robot might be for you. A collaboration between Pixar and smart toy company Robosen, the new Buzz is fully loaded with more than 3,000 tiny parts, 75...

2024-10-18 23:00 – Similar articles – read more

Investors bet on the power of light, diamonds in the trash, and more

news

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. This week brought us some exciting fundraising news from around the world, and even some...

2024-10-18 22:00 – Similar articles – read more

Why changes to the block on Elon Musk’s X are driving users away

people

Elon Musk’s X is planning to make a change to how the block function works, breaking from the established standards of other social media apps. When the policies around blocking change, people who have been blocked by someone will still be able to...

2024-10-18 22:00 – Similar articles – read more

Acrew Capital hits five years, raises $700M

Acrew Capital has raised $700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $700 million to invest in companies building in data and security, healthcare, or fintech. This...

2024-10-18 22:00 – Similar articles – read more

Microsoft could end up with substantial equity in the restructured, for-profit OpenAI

How much equity in OpenAI will Microsoft get once the former becomes a for-profit company? That’s the multibillion-dollar question — one the two parties are racing to answer ahead of a two-year deadline. The Wall Street Journal reports that both...

2024-10-18 19:00 – Similar articles – read more

WP Engine files an injunction to get its WordPress.org access back

wordpress

Web hosting provider WP Engine has filed an injunction in a court in Northern California, asking it to intervene and restore its access to the WordPress.org open source repository. After WP Engine filed a lawsuit against WordPress co-creator Matt...

2024-10-18 18:00 – Similar articles – read more

Bluesky surges into the top 5 as X changes blocks, permits AI training on its data

app store

Social networking startup Bluesky, which just reported a gain of half a million users over the past day, has now soared into the top five apps on the U.S. App Store and has become the No. 2 app in the Social Networking category, up from No. 181 a...

2024-10-18 17:00 – Similar articles – read more

Tesla’s Full Self-Driving software under investigation by federal safety regulator

automotive

The U.S. automotive safety regulator has opened a new investigation into Tesla's Full Self-Driving (Supervised) software after four reported crashes in low-visibility situations. © 2024 TechCrunch. All rights reserved. For personal use only.

2024-10-18 14:00 – Similar articles – read more

Nebius to resume Nasdaq trading after severing ties with Russia and Yandex

Nebius, the company formerly known as Yandex that’s now focused on cloud infrastructure for AI uses (aka “AI compute”), is to begin trading on the public markets once again — more than two years after the Nasdaq halted trading due to economic...

2024-10-18 12:00 – Similar articles – read more

Former watch trader is now building the AWS of grid storage, Terralayr

The startup's technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers. © 2024 TechCrunch. All rights reserved. For personal use only.

2024-10-18 09:00 – Similar articles – read more

The surprising way OpenAI could get out of its pact with Microsoft

The New York Times on Thursday published a look at the “fraying” relationship between OpenAI and its investor, partner, and, increasingly, rival, Microsoft, reporting their five-year romance has cooled owing to financial pressure on OpenAI, the...

2024-10-18 09:00 – Similar articles – read more

Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’

Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential, and that his startup, once valued at $22 billion, is now effectively...

2024-10-18 09:00 – Similar articles – read more

Former watch trader is now building the AWS of grid storage, Terralyr

The startup's technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers. © 2024 TechCrunch. All rights reserved. For personal use only.

2024-10-18 07:00 – Similar articles – read more

Amazon indicates employees can quit if they don’t like its return-to-office mandate

AWS CEO Matt Garman has harsh words for remote workers: return to the office or quit. The Amazon executive recently told employees who don’t like the new five-day in-person work policy that, “there are other companies around,” presumably...

2024-10-18 04:00 – Similar articles – read more

Automattic offered employees another chance to quit — this time with nine months’ severance

people

Days after 159 people accepted Automattic CEO Matt Mullenweg’s offer of a six-month severance package to employees who wanted to leave, the company floated a new offer late on October 16 of a nine-month severance package to anybody who quit...

2024-10-18 02:00 – Similar articles – read more

General Catalyst reportedly to back Saudi Arabian startup

Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in Lean Technology, a Saudi Arabia-based fintech startup, the firm’s first...

2024-10-18 01:00 – Similar articles – read more

Elon Musk’s X is changing its privacy policy to allow third parties to train AI on your posts

On Wednesday, social network X (formerly Twitter) updated its Privacy Policy to indicate that it would allow third-party “collaborators” to train their AI models on X data, unless users opt out. While X owner Elon Musk trained xAI’s Grok AI...

2024-10-18 00:00 – Similar articles – read more

Stripe in talks to acquire Bridge for $1 billion

Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu...

2024-10-18 00:00 – Similar articles – read more

Sam Altman’s Worldcoin becomes World and shows new iris-scanning Orb to prove your humanity

next

Worldcoin, the Sam Altman co-founded “proof of personhood” crypto project that scans people’s eyeballs, announced on Thursday that it dropped the “coin” from its name and is now just “World.” The startup behind the World project, Tools...

2024-10-17 23:00 – Similar articles – read more