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Ken Howery: the tech mogul at the center of Trump’s Greenland ambition
Surprise! Donald Trump’s big, audacious ambition to buy Greenland from Denmark has a tech angle. Ken Howery, named by U.S. President-elect Trump’s pick to be the next ambassador to the country (and thus chief broker of any deal), is one more part of the rich seam of tech people running through Trump’s upcoming administration. Part…
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Europe orders Elon Musk’s X to submit documents on its recommendation algorithms
The European Commission (EC) says it has requested information from Elon Musk’s X related to the algorithms that determine the content it recommends to users. The EC wants to determine how those algorithms may or may not be compliant with the Digital Services Act (DSA), which imposes key obligations on online platforms operating across the…
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GM banned from sharing driving and location data with insurance companies
The order bans the automaker from selling consumers’ information to data brokers for five years. © 2024 TechCrunch. All rights reserved. For personal use only.
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Nord Security founders launch Nexos.ai to help enterprises take AI projects from pilot to production
A new AI orchestration startup from the founders of Lithuanian unicorn Nord Security is setting out to help enterprises put their AI projects into production, with an initial focus on bringing greater visibility, security and adaptability to large language models (LLMs). Nexos.ai, as the startup is called, is the handiwork of Tomas Okmanas (pictured above)…
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Apple brings Store app to Indian market
Apple launched its dedicated Apple Store app in India on Friday, deepening its retail presence in the world’s most populous country as the iPhone-maker seeks to capitalize on growing consumer demand. The app, available for download on India’s App Store, lets customers purchase Apple products directly while receiving personalized shopping recommendations, the company said in…
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FAA had to divert flights because of SpaceX Starship explosion
The Federal Aviation Administration has told TechCrunch that it had to “briefly” slow and divert a number of aircraft near the area where debris was seen falling after SpaceX’s Starship exploded during a test flight Thursday. Multiple flights could be seen entering holding patterns or completely changing course in the airspace near Puerto Rico shortly…
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SpaceX catches Starship booster a second time, loses ship to an ‘anomaly’ in space
SpaceX caught the Starship rocket’s Super Heavy booster for a second time, after it launched the upper stage into space on Thursday during a seventh test flight of the system. Soon after the successful catch, SpaceX representatives reported the ship was lost after the company lost contact about eight and half minutes into the flight.…
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Despite VCs investing $75B in Q4 , it’s still hard for startups to raise money, data proves
After two years of relatively muted investment activity, it seems that VCs are starting to pour capital into startups at pandemic-era levels once again. But a closer look shows that they aren’t really. In the fourth quarter of last year, investors funneled $74.6 billion into US startups, a substantial increase from the average of $42…
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New York powerhouse VC Insight Partners nabs another $12.5B after $8B in exits
Insight Partners closed another giant flagship fund after big returns in 2024. © 2024 TechCrunch. All rights reserved. For personal use only.
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Failed fintech startup Bench racked up over $65 million in debt, documents reveal
Canadian Fintech Bench had over $65 million in debt but less than $3 million in cash, documents reveal. © 2024 TechCrunch. All rights reserved. For personal use only.