xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which wou...
Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the...
The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.
The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require their employees, that aren’t senior executives, to wait a set ...
Defense startup True Anomaly lays off around 25%, cancels summer internship
Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned.
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https://techcrunch.com/2024/04/25/defense-space-startup-true-anomaly-layoffs-cancels-internship/
Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn
Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 20...
Boeing’s Starliner set to fly astronauts for the first time on May 6
This will mark Starliner’s second flight to the ISS: The first, an uncrewed mission called Orbital Flight Test-2, took place in May 2022.
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Snap says total watch time on its TikTok competitor increased more than 125%
As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late...
https://techcrunch.com/2024/04/25/snap-total-watch-time-on-tiktok-competitor-increased-125/
It’s a sunny day for Google Cloud
Google Cloud, Google’s cloud computing division, had a blockbuster fiscal quarter, blowing past analysts’ expectations and sending Google parent company Alphabet’s stock soaring 13%+ in after-hours tr...
https://techcrunch.com/2024/04/25/its-a-sunny-day-for-google-cloud/
Why Meta is looking to the fediverse as the future for social media
Meta’s move into the open social web, also known as the fediverse, is puzzling. Does the Facebook owner see open protocols as the future? Will it embrace the fediverse only to shut it down, shifting p...
FCC officially votes to reinstate net neutrality
This restores, with some changes and protections, the rules passed back in 2015 allowing the FCC to enforce basic rules of connectivity and fairness in broadband.
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https://techcrunch.com/2024/04/25/fcc-reinstates-net-neutrality/
Is TikTok getting banned? Not yet, but you should explore alternatives
As a TikTok ban gets closer to becoming a reality in the United States, it might be time to start thinking about other platforms to adopt early in case you’re left to fill the void left by the popular...
https://techcrunch.com/2024/04/25/tiktok-ban-alternatives-youtube-shorts-reddit-others/
Sanctuary’s new humanoid robot learns faster and costs less
Sanctuary AI often isn’t mentioned in the same breath as humanoid robotics firms like Boston Dynamics, Agility, Figure and 1X, but the Canadian company has been operating in the space for some time. I...
https://techcrunch.com/2024/04/25/sanctuarys-new-humanoid-robot-learns-faster-and-costs-less/
Health insurance giant Kaiser notifies millions of a data breach
Kaiser, one of the largest healthcare organizations in the United States, said it was notifying 13.4 million members of a data breach earlier in April.
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https://techcrunch.com/2024/04/25/kaiser-permanente-health-plan-millions-data-breach/
Is TikTok getting banned? Not yet, but that doesn’t mean you shouldn’t explore alternatives
As a TikTok ban gets closer to becoming a reality in the United States, it might be time to start thinking about other platforms to adopt early in case you’re left to fill the void left by the popular...
Gravitics to develop ‘tactically responsive’ orbital platforms for the Space Force
The contract is part of a larger push from the Force to procure space capabilities from private industry on timelines that have been previously unheard of.
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Speaker applications close tomorrow for TechCrunch Disrupt 2024
Hurry up! Our Call for Content ends tomorrow, April 26 at 11:59 p.m. PT. If you’re a startup expert eager to lead a session at TechCrunch Disrupt on October 28-30, now’s the time to apply! Submit your...
https://techcrunch.com/2024/04/25/speaker-applications-close-tomorrow-for-techcrunch-disrupt-2024/
Gen Z is losing its political voice on social media
President Joe Biden signed the bill this week that could ban TikTok from the U.S. if its parent company ByteDance doesn’t sell the platform. According to young political content creators, the ban coul...
https://techcrunch.com/2024/04/25/gen-z-tiktok-ban-politics-instagram/
Breaking down TikTok’s legal arguments around free speech, national security claims
Social media platform TikTok says that a bill banning the app in the U.S. is “unconstitutional” and that it will fight this latest attempt to restrict its use in court. The bill in question, which Pre...
FCC officially votes to reinstate net neutrality
This restores, with some changes and protections, the rules passed back in 2015 allowing the FCC to enforce basic rules of connectivity and fairness in broadband.
© 2024 TechCrunch. All rights reserv...
https://techcrunch.com/2024/04/25/fcc-officially-votes-to-reinstate-net-neutrality/
Bluesky backs a project that would let Mastodon apps, like Ivory, work with its network
SkyBridge was among the recipients of a small distribution of $4,800 in grant funding from Bluesky, distributed across projects.
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