Category: Uncategorized
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A fresh $100M rolls into DIG Ventures as it bids to woo early-stage European startups
The number of “operator VCs” — former founders turned VCs — in Europe in recent years. This is common in the U.S., where the majority of VCs are former founders. The reverse is true in Europe, where most come from banking or finance. Recent examples in Europe include Wise founder Taavet Hinrikus, Glovo founder Oscar… Read more
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Elon Musk’s AI company, xAI, launches an API for Grok 3
Billionaire Elon Musk might’ve just been countersued by OpenAI. But that isn’t stopping his AI company, xAI, from making its flagship Grok 3 model available via an API. It has been several months since xAI unveiled Grok 3, the company’s answer to models like OpenAI’s GPT-4o and Google’s Gemini. Grok 3 can analyze images and respond to questions,… Read more
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Wayve’s self-driving tech is headed to Nissan vehicles
Nissan said it will use self-driving software developed by Wayve to beef up its advanced driver assistance system starting in 2027, a landmark deal for the buzzy UK startup that has raised more than $1.3 billion from Nvidia, Microsoft, SoftBank Group, and Uber. Nissan will integrate Wayve’s software as well as sensors, including lidar from an undisclosed… Read more
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How a hydrogen explosion led a teenage founder to become Sequoia’s first defense tech investment
As Sequoia Capital’s first defense tech investment, Mach Industries is an industry darling, raising over $80 million since its founding in 2023. Its founder, Ethan Thornton, now 21, began Mach as a teenage MIT student before dropping out to focus full-time on his startup. But a few months before landing a seed investment from Sequoia… Read more
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Google says it’ll embrace Anthropic’s standard for connecting AI models to data
Just a few weeks after OpenAI said it would adopt rival Anthropic’s standard for connecting AI models to the systems where data resides, Google is following suit. In a post on X on Wednesday, Google DeepMind CEO Demis Hassabis announced that Google will add support for Anthropic’s Model Context Protocol, or MCP, to its Gemini… Read more
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Solid, which claimed to be the ‘AWS of fintech,’ files for bankruptcy after raising nearly $81M in funding
Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7. Founded in 2018, the fintech company had raised a total of nearly $81 million in funding from investors such as FTV Capital and Headline.… Read more
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OpenAI counter-sues, calls for Musk to be enjoined from ‘further unlawful and unfair action’
The dramatic suit between OpenAI and its estranged co-founder, billionaire Elon Musk, shows no sign of letting up. In a filing Wednesday, attorneys for OpenAI and the other defendants in the case, including CEO Sam Altman, called for Musk to be enjoined from “further unlawful and unfair action” and “held responsible for the damage he… Read more
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a16z backs Base Power in $200M round for home backup batteries
The money will fund a rapid expansion, including dozens more megawatt-hours of battery storage and plans for a domestic battery factory. Read more
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Meta whistleblower Sarah Wynn-Williams says company targeted ads at teens based on their ‘emotional state’
Meta whistleblower Sarah Wynn-Williams, the former Director of Global Public Policy for Facebook and author of the recently released tell-all book “Careless People,” told U.S. senators during her testimony on Wednesday that Meta actively targeted teens with advertisements based on their emotional state. This claim was first documented by Wynn-Williams in her book, which documents… Read more
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A Waymo robotaxi got trapped in Chick-fil-A drive-through
A Waymo robotaxi caused a traffic jam at a Chick-fil-A in Santa Monica, California, this week after getting stuck in the fast food restaurant’s drive-thru lane. Waymo confirmed the incident, which was first reported by local broadcast station KTLA 5, to TechCrunch via email. Waymo told TechCrunch that there weren’t any passengers in the robotaxi.… Read more