Author: TechCrunch News

Anthony Cimino Contributor Anthony Cimino, head of policy at Carta, works with policymakers and innovators to drive economic opportunity through expanding equity ownership and private market liquidity. More posts by this contributor Holli Heiles Pandol Contributor With the failure of Silicon Valley Bank, the U.S. startup ecosystem lost an important business partner. But the greater…

It’s that time of the week, folks: Week in Review (WiR) time. If you’re new to WiR, it’s the newsletter where TechCrunch recaps the week in tech that was. We get it — you’re a busy person. We all are. So what better way to catch up on what’s happened than in a summarized, bullet-point…

You don’t need to move to San Francisco to launch a startup, but working here does have some advantages: moderate weather, natural beauty, great food, and sure, the world’s largest concentration of venture capital. Y Combinator’s Demo Day took place this week, and although the event itself was virtual-only, 86% of the founders in YC’s…

Insurance is one of the few industries that have remained largely unchanged over the past few decades at a low level: You suffer losses as a direct result of something going south, and you get paid by your insurer. But that old model doesn’t always work. For example, a construction company in a region regularly…

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to your Friday. Did the week drag on, or did it go by quickly for you? Or maybe you had today off. No matter, I’m here to bring you…

Welcome back to The TechCrunch Podcast, where we break down the biggest stories in tech with the people who covered them. The internet is always changing, but something about generative AI feels different. With the advent of OpenAI’s ChatGPT, the machines are evolving beyond remix and delivery machines to become the content creators themselves. In…

Tesla has nominated JB Straubel, the company’s former CTO who is now running his own startup Redwood Materials, as its next independent board member. The company said in a regulatory filing Thursday that Straubel, if elected by shareholders (which is almost a certainty) would take over the spot vacated by Hiromichi Mizuno, the former chief…

China has been a major sales driver for Tesla in recent times, thanks to the company’s aggressive price cuts. The country delivered 88,869 vehicles in March, according to fresh estimates from the China Passenger Car Association. That means more than half of the carmaker’s Q1 deliveries originated from its Shanghai factory. Tesla Q1 deliveries beat…

India’s central bank has halted its plans for a high-profile project intended to rival the nation’s dominant payment system, Unified Payments Interface. The project had attracted significant interest from a variety of major conglomerates, tech giants, and financial institutions, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI. The Reserve Bank of India had…

Samsung Electronics plans to cut back memory chip production as its operating profit in the first quarter of 2023 is expected to plummet about 96% from the previous year. This will be the lowest profit posted by the South Korean tech giant since Q1 2009. The global macroeconomic slowdown, memory chip oversupply and sluggish demand…