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TikTok ban poised to be delayed as Trump explores ways to extend deadline
The U.S. ban on TikTok is poised to be delayed as the deadline falls on the MLK Day holiday weekend and President-elect Donald Trump’s incoming administration intends to find a way to extend the deadline, Bloomberg reports. Biden officials see the issue as one for Trump’s incoming administration, as the current administration doesn’t plan to intervene…
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Goldman Sachs’ David Solomon tells startups to reconsider going public
Goldman Sachs is one of the biggest investment banker “book runners” for IPOs – where banks are paid many millions of dollars for each listing they underwrite. Yet CEO David Solomon told attendees of the Cisco AI Summit in Palo Alto that startups should reconsider the idea of going public, reports the Financial Times. Solomon…
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This MIT spinout wants to spool hair-thin fibers into patients’ brains
You can’t start a company without a healthy dose of daring, and that’s certainly the case with NeuroBionics. The MIT-spinout thinks it could one day improve the lives of millions of people who live with neurological conditions like depression, epilepsy and Parkinson’s disease. Famed investor Steve Jurvetson of Future Ventures said that if everything goes…
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Symbotic set to take over Walmart’s robotics business
Walmart and Symbotic announced a deal Tuesday that would find the Massachusetts robotics firm taking control of the mega-retailer’s automation business. Symbotic is paying $200 million in cash for the program, plus up to $350 million in “additional contingent consideration,” depending on how the deal shakes out. The relationship is more partnership than straight acquisition,…
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Anduril to build its billion-dollar weapons megafactory in Ohio
Today, Anduril announced it is building their massive weapons factory, Arsenal-1, in Columbus, Ohio, confirming TechCrunch’s earlier reporting. © 2024 TechCrunch. All rights reserved. For personal use only.
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Polestar digs in for another grim year
Volvo spinoff Polestar had a rough 2024, and 2025 looks like it could be just as difficult. The EV maker announced Thursday that it expects to generate less revenue in fiscal year 2024 than it did in 2023, after previously estimating sales would stay the same. That’s thanks to “fewer than expected Polestar 3 and…
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Netradyne snags $90M at $1.25B valuation to expand smart dashcams for commercial fleets
Distracted driving is one of the leading causes of car accidents and a major reason why auto insurance premiums are expected to increase in 2025. For commercial fleets, that’s a nightmare. But for California-based startup Netradyne, it’s a tailwind. Netradyne provides fleet owners, including big names like Amazon, with AI-enabled dashcams that collect vehicle data…
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Teal Health raises $10M to create at-home cervical cancer screenings
The process of getting screened for cervical cancer is quite intimidating. It’s the once-a-year, sometimes life-changing treatment, that involves the bright lights of a doctor’s office and an uncomfortable insertion that always seems to last too long. It’s no wonder why Kara Egan and Dr. Avnesh Thakor saw the potential to make this process more…
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TikTok CEO plans to attend Trump inauguration
As TikTok’s fate hangs in the balance, TikTok CEO, Shou Chew, is planning to attend President-elect Donald Trump’s inauguration on Monday, The New York Times reports. The executive will join Mark Zuckerberg, Jeff Bezos, and Elon Musk on the dais, which is where former presidents and important guests are traditionally seated. Although Trump initiated calls…
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Clop ransomware gang names dozens of victims hit by Cleo mass-hack, but several firms dispute breaches
The Russia-linked ransomware group is threatening to leak data stolen from almost 60 Cleo Software customers if ransoms aren’t paid © 2024 TechCrunch. All rights reserved. For personal use only.