Author: TechCrunch News

Hello, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter covering noteworthy happenings in the tech industry. This week, investment firm KKR announced that it would acquire VMware’s end-user computing business from Broadcom for $4 billion. As Ron explains, that business included VMware Workspace One and VMware Horizon — two remote desktop apps that had…

From AirPower to abandoned tablets, Apple’s road to success is littered with failures Apple has scrapped plans to enter the automotive industry with its mysterious autonomous electric car, instead shifting focus to the wildly popular world of generative AI. The project saw the company hiring prominent executives from places like Tesla and Ford. Its end…

The TechCrunch team is in Barcelona this week to bring you all the action going on at Mobile World Congress 2024. You already know what we’re expecting, so sit back, relax and stay tuned throughout the week as we bring you the products, announcements and startup news from MWC that you need to know. So…

Venture capital funding has never been robust for women or Black and brown founders. Alongside Crunchbase, we’ve been tracking funding levels to pinpoint moments of progress and regression for marginalized entrepreneurs. For example, Black founders saw record amounts of funding in the bull year that was 2021, but that amount dipped substantially as the market…

Rabbit co-founder and CEO Jesse Lyu isn’t afraid of death … the death of the company, at least. He told TechCrunch that the company is a startup whose fortunes may be swayed by the whims of multibillion-dollar rivals — but that’s no reason to give up and go home. Appearing onstage at StrictlyVC LA, Lyu…

The tech-wide reckoning that began in 2022 and ran throughout into 2023 has continued into this year. And while 2024’s losses are not at that scale, they’re still significant, driven by big names like Pixar, Google, Microsoft, Mozilla and TikTok. It remains to be seen if this year’s layoff trends follow last year’s, in which…

A technology company that routes millions of SMS text messages across the world has secured an exposed database that was spilling one-time security codes that may have granted users’ access to their Facebook, Google and TikTok accounts. The Asian technology and internet company YX International manufactures cellular networking equipment and provides SMS text message routing…

Electric vehicle startup Fisker is planning to lay off 15% of its workforce and says it likely does not have enough cash on hand to survive the next 12 months. The company says it is trying to find a way to raise that money as it works through a pivot from direct sales to a…

Apple CEO Tim Cook is promising that Apple will “break new ground” on GenAI this year. Cook made the pronouncement during the company’s annual shareholders meeting today, which came in the same week the company reportedly scuttled its multibillion-dollar, decade-long plan to build an EV. Some of the staff on the EV project were reassigned…

Cuts to Techstars’ staff and its decision to shutter certain accelerators came after it missed its 2023 revenue goals, according to documents outlining its preliminary 2023 results viewed by TechCrunch. Techstars also lost millions of dollars more by year’s end (in adjusted EBITA) than it had anticipated it would, additional documents that discussed mid-year performance…