Category: Uncategorized

Grubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame Raoul over unlawful practices, including misleading customers about delivery costs, deceiving drivers about potential earnings, and listing restaurants on its platform without their permission. The agencies claim that Grubhub hid the true cost of its delivery… Read more

Earlier this year, IVP general partner Tom Loverro, proclaimed that the post-pandemic downturn is over, and companies that made it this far should prioritize growth over cost-cutting. Yet, the companies still struggling to raise their next round of financing at a higher valuation or survive altogether could still be in the thousands, according to Brian… Read more

The fusion startup intends to hook the power plant up to the grid in the early 2030s. © 2024 TechCrunch. All rights reserved. For personal use only. Read more

Bridgy Fed, which is working to connect the social network Bluesky with the wider fediverse (aka the open social web), which includes sites like Mastodon and others, will be the first app incubated within a new nonprofit called A New Social. The organization, announced Tuesday, aims to bring together developers, researchers, startups, and industry leaders… Read more

A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing of Bob Lee, the Cash App creator and former CTO of Block, according to NBC News Bay Area on Tuesday. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated. Lee… Read more

Welcome to TechCrunch Fintech! This week, we’re diving into: P.S. We’re taking time off for the holidays! TechCrunch Fintech scribe Mary Ann Azevedo will be back in your inbox on January 7. ❄️ The big story How stablecoin technology can power billions in cross-border transactions Juicyway is an African fintech that’s leveraging stablecoin technology to… Read more

Grammarly is acquiring productivity startup Coda, the company announced on Tuesday. As part of the deal, Coda’s CEO and co-founder Shishir Mehrotra will become the new CEO of Grammarly. The financial terms of the deal were not disclosed. The acquisition will help turn Grammarly’s AI assistant into an “AI productivity platform” thanks to the addition… Read more

OpenAI is bringing o1, its “reasoning” AI model, to its API — but only for certain developers to start. Starting today, o1 will begin rolling out to devs in OpenAI’s “tier 5” usage category, the company said. To qualify for tier 5, developers have to spend at least $1,000 with OpenAI and have an account… Read more

Penny Jar Capital is the early-stage firm founded by Bryant Barr and Richard Scudellari and where basketball star Stephen Curry serves as a special advisor. © 2024 TechCrunch. All rights reserved. For personal use only. Read more

With cloud spend continuing to surge, tech companies are scrambling to meet demand for the necessary infrastructure, with the growing need for AI compute only adding fuel to the fire. By way of example, Microsoft and BlackRock have created a $30 billion fund to support new data centers and energy infrastructure for the burgeoning AI… Read more