Category: Uncategorized

Upvest might not be a familiar name if you don’t pay close attention to the fintech industry, but chances are you’ve already interacted with the company’s products. Founded by Martin Kassing (pictured above), the Berlin-based startup builds a white-label investment platform that is used by some of the biggest fintech companies in Europe. Upvest clients… Read more

Laam, a curated online fashion marketplace based in Pakistan, has raised $5.5 million in a seed round to take South Asian fashion to the world. © 2024 TechCrunch. All rights reserved. For personal use only. Read more

OpenAI says ChatGPT, Sora, and its developer-facing API are experiencing a major outage, according to the company’s status page. The company says it’s identified a pathway to recovery and is working on a fix as of 4:55pm PT Wednesday evening. It remains unclear what the cause of the outage is. As of 5:50 pm PT,… Read more

SolarSquare has raised $40 million in what is the largest venture round in India’s solar sector. The Mumbai-based startup bootstrapped and was profitable selling to corporate customers for five years before switching to residential solar in 2021. Now it has scaled to powering over 20,000 homes and 200 housing societies across India, and is India’s… Read more

GM’s decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company’s minority investors. Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GM’s actions, according to a regulatory filing. Microsoft said the charge will be… Read more

University endowments could be taxed much higher under Trump. That may harm VCs, an investor warns. © 2024 TechCrunch. All rights reserved. For personal use only. Read more

OpenAI has never revealed exactly which data it used to train Sora, its video-generating AI. But from the looks of it, at least some of the data might’ve come from Twitch streams and walkthroughs of games. Sora launched on Monday, and I’ve been playing around with it for a bit (to the extent the capacity… Read more

Hyundai’s electric vertical takeoff and landing startup Supernal is shifting its global headquarters from Washington, D.C. to Irvine, California and asking around three dozen of workers to relocate, TechCrunch has learned. The company told TechCrunch about 5% of its total workforce — roughly 35 to 40 people — are being asked to relocate to California.… Read more

Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that GM has pulled the plug on Cruise and its commercial robotaxi ambitions, reports The Nikkei. GM said Tuesday it would cease funding Cruise and instead absorb the company and combine it with… Read more

In a press briefing on Wednesday, the Pentagon said it has no evidence that the mysterious drones that have been flying over New Jersey and other parts of the northeast U.S. in recent weeks were coming from a foreign entity, nor were they U.S. military drones. The comments come a day after a U.S. Congressional… Read more