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Lyft will credit NYC riders for congestion fee throughout January
New York City’s congestion pricing is scheduled to take effect Sunday — but for the first month, Lyft said it will be crediting riders who pay the fee. New York’s program, which is supposed to reduce traffic in lower Manhattan while also raising funding for mass transit, was paused by Governor Kathy Hochul in June,…
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What will this year bring in VC? We asked a few investors
A new year brings with it hope for a better tomorrow — kind of, at least. In the world of venture capital, nothing is quite predictable. The number of firms in the U.S. has taken a sharp dip as risk-averse institutional investors splash money on only the biggest names in Silicon Valley, as reported by…
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New ship, new year: SpaceX to deploy model Starlink satellites on next Starship launch
SpaceX is significantly upping the ante of its Starship test flight program, with the next rocket launch expected to demonstrate payload deployment for the first time. The payload in question will be 10 Starlink “simulators” that will be similar in size and weight to the next-gen satellites SpaceX plans to use Starship to deploy in…
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Uber CEO Dara Khosrowshahi resigns from self-driving truck startup Aurora’s board
Dara Khosrowshahi is resigning from the board of autonomous vehicle technology company Aurora Innovation, citing a desire to focus on his ongoing responsibilities as CEO of Uber and reduce external board commitments, according to a Friday regulatory filing. Khosrowshahi’s resignation was effective as of Tuesday. Aurora says Khosrowshahi’s decision to leave the board was not…
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Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays
Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. That morning, they found themselves unable to log…
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These fintech companies are hiring in 2025 after a turbulent year
While the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams. © 2024 TechCrunch. All rights reserved. For personal use only.
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Scout Motors EVs will have satellite connectivity
Volkswagen offshoot Scout Motors is getting a jump-start on CES 2025 next week, with some good news for people who plan to take the company’s EVs way, way outdoors: The forthcoming Traveler SUV and Terra pickup will have a built-in satellite connection. Scout Motors isn’t saying where it’s sourcing the satellite linkup hardware from, or…
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Generative AI funding reached new heights in 2024
If there was any doubt, the generative AI bubble didn’t burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide…
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Microsoft to spend $80 billion in FY’25 on data centers for AI
Microsoft has earmarked $80 billion in fiscal 2025 to build data centers designed to handle artificial intelligence workloads, according to a company blog post. Specifically, the tech giant plans to build out AI-enabled data centers “to train AI models and deploy AI and cloud-based applications around the world.” Of that $80 billion allocation, more than…
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Turo CEO: Attackers had clean records, so background checks wouldn’t have stopped them
Two individuals rented cars from Turo, a peer-to-peer car-sharing platform, and used them to perform acts of violence earlier this week. First, a military veteran driving a Ford F-150 Lightning drove into a crowd of people, killing at least 15. Then, an active-duty Green Beret rented a Tesla Cybertruck, parked it in front of the…