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The fall of EV startup Fisker: A comprehensive timeline
Here is a timeline of the events that led fledgling automaker Fisker to file for bankruptcy. © 2024 TechCrunch. All rights reserved. For personal use only.
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Microsoft and OpenAI have a financial definition of AGI: report
Microsoft and OpenAI have a very specific, internal definition of artificial general intelligence (AGI) based on the startup’s profits, according to a new report from The Information. And by this definition, OpenAI is many years away from reaching it. The two companies reportedly signed an agreement last year stating OpenAI has only achieved AGI when…
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Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC
While most seed investors believe founders should spend their raised cash however they want to, those VCs will still be judging founders’ cash management. © 2024 TechCrunch. All rights reserved. For personal use only.
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Elon Musk’s jets made 355 trips in 2024, including 31 to or from the Mar-a-Lago area
Elon Musk’s jets took over 355 flights this year, with 31 of those flights heading to or from near Mar-a-Lago. © 2024 TechCrunch. All rights reserved. For personal use only.
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These were the badly handled data breaches of 2024
Blaming victims, months of silence, and suing security researchers all featured in cybersecurity in 2024. © 2024 TechCrunch. All rights reserved. For personal use only.
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PharmEasy’s $5.6 billion value shrinks to $456 million, investor data shows
Indian online pharmacy PharmEasy’s valuation now stands at about $456 million, according to disclosures from its investor Janus Henderson, a 92% drop from its peak valuation of $5.6 billion. The British American global asset firm’s Global Research Fund values its holding of 12.9 million shares in PharmEasy at $766,043, according to its latest filing for…
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Bluesky starts testing a trending topics feature
Social network Bluesky said on Christmas day that it launched trending topics feature in beta. The trending topics are available on both desktop and mobile apps of the social network. On the desktop, you can see trending topics on the right sidebar, and on the mobile apps, you can tap on the search button to…
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$132K – $149K, here’s what seed-stage founders pay early employees, based on data
Once a startup has raised its seed round, the perennial question becomes how much should the founders pay themselves and their first few employees? Kruze Consulting, a CPA firm that specializes in venture-backed startups, recently analyzed average salary ranges for over 450 seed-stage startups and shared that data with TechCrunch. The following averages are based…
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GV, the VC team backed by Google, has a broad remit, but it can’t do one thing
David Krane is in an enviable position. As the CEO of GV, the venture firm that is funded entirely by Google to the tune of $1 billion a year, his team of roughly 100 gets to make a lot of bets — with just a couple of notable restrictions. During a TechCrunch StrictlyVC event in…
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AMD’s CES 2025 press conference: How to watch
AMD has its work cut out for it at CES 2025. Competitor Nvidia has been sucking the oxygen out of every room it graces, as the chipmaker remains at the forefront of the AI boom. So, how will AMD compete with Nvidia’s reported RTX 5000 announcement? The company should show of its own next-gen GPU.…