Author: TechCrunch News

Kyle Vogt, the serial entrepreneur who co-founded and led Cruise from a startup in a garage through its acquisition and ownership by General Motors, has resigned, according to an email sent to employees Sunday evening that TechCrunch has viewed. In a separate internal email, also viewed by TechCrunch, GM Chair and CEO Mary Barra announced…

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! This week, we dig into spend management companies’ AI aspirations, and one U.K. fintech’s recent growth. AI ambitions At one…

Since the AI frenzy started over a year ago, we’ve seen many, um, interesting use cases for the tech that’s been deemed the greatest innovation since the internet. From AI meant to help sales folks be 5% faster, to AI bots that teach you to understand your human relationships, to AI that writes for you…

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Does freight logistics need a one-stop shop? That’s Flexport’s take, and maybe that’s one of the reasons why Convoy didn’t work out; however,…

On Friday, the board of OpenAI, the AI startup behind ChatGPT and other viral AI-powered hits, did something unexpected but seemingly well within its right: removed the company’s CEO, Sam Altman. But judging by how the situation’s unfolded, it seems that OpenAI’s investors and partners — and many of its employees — were more comfortable…

Howdy, folks, and welcome to Week in Review (WiR), TechCrunch’s newsletter that recaps the major tech industry happenings over the past week (or so). Microsoft’s Ignite conference, where the tech giant pitched its vision of a “copilot”-powered future, flooded the channels midweek. But there was plenty of note besides. In this edition of WiR, we…

OpenAI co-founder and president Greg Brockman has quit the firm, he said Friday, hours after the Microsoft-backed giant abruptly fired its chief executive Sam Altman and assured that Brockman would remain at the startup. Brockman’s sudden departure adds to the day’s uncertainties at OpenAI, following closely on the heels of its maiden developer conference led…

In perhaps the most unexpected tech news of the year, billionaire and AI evangelist Sam Altman has been ejected from his CEO role at OpenAI by the company’s board after an apparent vote of no confidence. Its exact wording in a release issued this afternoon: Altman’s “departure follows a deliberative review process by the board,…

Ballistic Ventures, a venture capital firm dedicated to funding and incubating cybersecurity startups, is looking to raise as much as $300 million for a new fund, according to a regulatory filing. The San Francisco-based VC firm Wednesday filed with the U.S. Securities and Exchange Commission to raise $300 million for its second fund — over…

BrightDrop, the commercial EV subsidiary of General Motors that launched in 2021, is being swallowed up by its parent company. GM said Thursday that BrightDrop — a “startup” that spun out of the automaker’s Global Innovation organization to become a wholly owned subsidiary — will become part of GM. BrightDrop CEO Travis Katz, who was…