Our news
-
GrubMarket raises $50M at a $3.5B+ valuation to build AI for the $1 trillion food distribution industry
U.S. President Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid other uncertainty — actions that will inevitably impact the technology sector, too. Today, however, one food e-commerce startup, GrubMarket, is announcing a new equity round of $50 million on a raised valuation of over $3.5 billion — a signal of…
-
Google, Speedinvest back Kenya’s Leta, which uses AI to make logistics cheaper
African businesses pay up to four times the global average to transport goods. Nairobi-based logistics SaaS provider Leta wants to change that. © 2024 TechCrunch. All rights reserved. For personal use only.
-
Waymo’s milestone SFO mapping permit comes with strings attached
Waymo has been given permission to map roadways at the San Francisco International Airport (SFO) via a temporary permit — the first step in the Alphabet company’s bid to unlock a potentially lucrative use case for its robotaxis. The temporary permit, which was announced Monday evening by San Francisco Mayor Daniel Lurie, kicked off March…
-
Google revives talks to acquire Wiz at higher valuation
Google’s parent company Alphabet is again in advanced talks to acquire cloud cybersecurity startup Wiz, a person familiar with the deal told TechCrunch. The two companies were close to securing a deal at a $23 billion valuation last summer, but the transaction failed to materialize. This time, the price being discussed is higher, the person…
-
OpenAI exec leaves to found materials science startup
Liam Fedus, OpenAI’s VP of research for post-training, is leaving the company to found a materials science AI startup. The Information initially reported Fedus’ plans. In a statement on X, Fedus confirmed the report and added a few additional details. “My undergrad was in physics and I’m keen to apply this technology there,” Fedus said…
-
Intel could be in for significant changes as Lip-Bu Tan takes on CEO role
Intel’s new CEO Lip-Bu Tan seems ready to get right to work to turn around the struggling company. The semiconductor giant’s new executive is considering sweeping changes for the company’s chip manufacturing and AI strategies, according to Reuters, including cutting middle management staff and revamping the company’s approach to manufacturing chips. Tan reportedly told company…
-
Rippling sues Deel, Deel denies ‘all legal wrongdoing’, and Slack is the main witness
It’s gloves off in one of the more tense rivalries in the world of startups. HR company Rippling Monday morning announced a lawsuit against Deel, another big player in the same space. The dramatic 50-page complaint alleges racketeering, misappropriation of trade secrets, tortious interference, unfair competition, and aiding & abetting breach of fiduciary duty. The…
-
This app limits your screen time by making you literally touch grass
If you’ve ever spent way too long scrolling through endless feeds about nothing, you may have been advised to touch grass. It’s a tongue-in-cheek suggestion, basically telling you to log off and go outside. But one developer took the concept to the next level. Rhys Kentish launched an iOS app last week called Touch Grass,…
-
Flexport accuses former employees of stealing its source code to create a rival startup
Flexport accuses Freightmate of being the product of “theft, not ingenuity” in its lawsuit against the startup. © 2024 TechCrunch. All rights reserved. For personal use only.
-
Elon Musk’s AI company, xAI, acquires a generative AI video startup
Elon Musk’s AI company, xAI, has acquired Hotshot, a startup working on AI-powered video generation tools along the lines of OpenAI’s Sora. Aakash Sastry, Hotshot’s CEO and co-founder, announced the news in a post on X on Monday. “Over the past 2 years we’ve built 3 video foundation models as a small team — Hotshot-XL,…