The promise of electric aviation has been weighed down by the limited range of batteries and the long certification process. Regent co-founder and CEO Billy Thalheimer, who previously worked at Aurora Flight Sciences, has looked to maritime — and more specifically, electric seagliders — for the answer to these two challenges. “How can we do…
OpenAI, one of the best-funded AI startups in business, is exploring making its own AI chips. Discussions of AI chip strategies within the company have been ongoing since at least last year, according to Reuters, as the shortage of chips to train AI models worsens. OpenAI is reportedly considering a number of strategies to advance…
Amazon has shut down its Clubhouse competitor’s live radio app Amp almost 18 months after its launch. The app allowed users to play DJ and provide commentary alongside playing tracks. The company’s lead for digital music, Steve Boom, sent a memo internally saying the decision to shut down the platform “only became clear after months…
Bolt.Earth, an Indian startup that offers charging infrastructure and software solutions for electric vehicles, has raised $20 million in a funding round to expand its presence within the South Asian nation and enter into new markets. The Bengaluru-based startup has raised fresh capital from its existing and new investors, including Union Square Ventures, Prime Venture…
CRED grew its operating revenue by a staggering 255% to $168.1 million in the financial year ending March as the fintech startup, which garners an unusually high level of attention, finds rising adoption of its lending and commerce offerings among India’s affluent individuals. The Bengaluru-headquartered startup had a total income of about $50 million in…
The San Francisco Police Department is investigating an October 2 incident that left a woman stuck underneath a Cruise robotaxi after being hit by a human-driven vehicle. Video captured by Cruise and viewed by TechCrunch shows a robotaxi braking and then running over a pedestrian who is laying in the street after being struck by…
Investors have historically been skeptical of green hydrogen. High production costs, expensive infrastructure builds, competition with batteries and minimal government support have made the green hydrogen sector a risky bet. But at least one company, Electric Hydrogen, seems to have found a way to convince investors that its tech is a bet they should take.…
The move towards Open Banking payments, especially in the EU, effectively kicked-off the FinTech boom. Open Baking standards meant that FinTech startups could create Wallets and effectively become Banks, or at least “Neo Banks,” in practical day-today-terms. Today, digital wallets are now the leading payment method globally in e-commerce, with a 49% share, according to…
Slice, backed by Tiger Global, Insight Partners, Blume Ventures and EMVC, was valued at about $1.5 billion in its previous funding round last year. Indian unicorn fintech Slice is merging with North East Small Finance Bank, they said Wednesday after receiving the approval from the central bank, in an extremely rare feat that has eluded…
Hello and welcome back to Max Q! In this issue: Mining water on the moon with Starpath Robotics News from Blue Origin, SpaceX and more Starpath Robotics wants to mine moon water for rocket fuel for off-world colonies Starpath Robotics has emerged from stealth with an ambitious plan to design, launch and operate machines to mine…
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