Iconiq raises $5.15B toward seventh flagship fund
Iconiq Capital has raised $5.15 billion across two funds associated with the seventh growth fund family, according to SEC filings. The firm, which launched in 2011 as a private office managing capital...
https://techcrunch.com/2024/05/03/iconiq-raises-5-15b-toward-seventh-flagship-fund/
A comprehensive list of 2024 tech layoffs
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independe...
X launches Stories on X delivering news summarized by Grok AI
X's Premium subscribers will be able to read a summary of posts on X associated with each trending story featured on the "For You" tab in Explore.
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https://techcrunch.com/2024/05/03/x-launches-stories-on-x-delivering-news-summarized-by-grok-ai/
Match-owned Archer hits over half a million installs amid dating app slump
It’s been almost one year since Match Group announced the launch of Archer, the online dating giant’s first app for gay, bi, and queer men. Since rolling out to New York last June, Archer has been dow...
Musk raises $6B for AI startup. Also, is TikTok dodging Apple’s commissions?
Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is closing i...
https://techcrunch.com/2024/05/03/xai-billions-and-apple-vs-tiktok-startups-weekly/
Fisker stiffed the engineering firm developing its low-cost EV and pickup truck, lawsuit claims
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the ...
https://techcrunch.com/2024/05/03/fisker-pear-alaska-lawsuit-engineering-class-action/
Three things we learned about Apple’s AI plans from its earnings
Despite spending more than $100 billion on R&D over the last five years, Apple isn't planning to spin up too many new data centers to run or train AI models.
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https://techcrunch.com/2024/05/03/three-things-we-learned-about-apples-ai-plans-from-its-earnings/
Instagram now lets you post a secret Story that viewers can uncover with a DM
Instagram is adding a handful of new features for Stories to give users more creative ways to share content and engage with each other, the company announced on Friday. Most notably, the social networ...
Despite recent successes, IPO market still won’t fully open until 2025
Experts say macroeconomic factors including the upcoming election and the current state of the economy will deter too many IPOs this year.
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Sprinklr lays off more than 100 employees
The new job cuts come over a year after the company cut about 4% of its headcount in February last year.
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https://techcrunch.com/2024/05/03/sprinklr-lays-off-more-than-100-employees/
How to play Pokémon and other Game Boy games on your iPhone
Apple finally updated its App Store guidelines to allow global developers to host retro game emulators on iOS. Now, you don’t need to jailbreak your iPhone or download any sketchy software — you can g...
https://techcrunch.com/2024/05/03/how-to-play-pokemon-and-other-game-boy-games-on-your-iphone/
EQT snaps up API and identity management software company WSO2 for more than $600M
WSO2, a company that provides API and identity management services for enterprises, has been acquired by EQT for more than $600M.
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https://techcrunch.com/2024/05/03/eqt-snaps-up-enterprise-software-company-wso2-for-more-than-600m/
Climate tech investment roars back with an $8.1B start to 2024
Companies focused on reducing CO2 emissions raised big sums, second only to Q3 2023.
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https://techcrunch.com/2024/05/03/climate-tech-investment-roars-back-with-an-8-1b-start-to-2024/
10 years in the making, retro game emulator Delta is now #1 on the iOS charts
Video game emulator Delta’s decade-long struggle against the iOS app store began with a school-issued TI-84 calculator. When Riley Testut was a sophomore in high school, he showed his friends how to l...
https://techcrunch.com/2024/05/03/retro-game-emulator-delta-app-store-ios/
Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle
The numbers are in, and the cloud infrastructure market grew at a brisk pace this quarter driven by increasing interest in generative AI.
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Allozymes puts its accelerated enzymatics to work on a data and AI play, raising $15M
Allozymes uses a method in which millions of enzymes can be tested per day, rather than just a few hundred.
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TechCrunch Minute: Spotify’s move to paywall lyrics is putting pressure on free users
Spotify’s slow movement to put lyrics behind its paid service wall in its music service are about as popular as you would expect. Precise details of the update are evolving but what we can say at this...
When a startup is better off saying no to revenue
It's hard for early-stage founders to say no to revenue from a large customer, whose needs might not align with the broader customer base.
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https://techcrunch.com/2024/05/03/when-a-startup-is-better-off-saying-no-to-revenue/
NASA is expanding its Wallops Island facility to support three times as many launches
NASA is kicking off a formal environmental assessment of its facilities on Wallops Island, Virginia, to increase the number of authorized rocket launches at the site by almost 200%, according to slide...
UnitedHealth data breach should be a wakeup call for the UK and NHS
The ransomware attack that has engulfed U.S. health insurance giant UnitedHealth Group and its tech subsidiary Change Healthcare is a data privacy nightmare for millions of U.S. patients, with CEO And...