Author: TechCrunch News

Apple is the first publicly traded company to close a trading day with a $3 trillion market value. The company’s shares climbed about 2.31% on Friday to a new high. The tech giant first reached a $3 trillion market cap back in January 2022, but failed to close at that level. Apple’s stock has skyrocketed…

Fund of funds (FoF) were created to serve as a bridge for LPs to get access to managers they couldn’t back otherwise. But in an environment where funds are not seeing consistent support from their existing LPs, and there are more venture funds than ever, is their role still relevant? Fund of funds fundraising —…

Everyone knows that raising venture capital has been harder for startups lately — unless you are building an AI startup, of course. But instead of only talking to founders, we’re flipping the script today. We wanted to hear from investors how their portcos are handling a cash-light environment. To that end, TechCrunch+ recently asked 11…

Seoul-based e-commerce company Levit, an operator of the shopping app Alwayz, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 million in a Series B round of funding led by DST Global Partners with participation from new investor BOND and existing backers KB Investment, Mirae Asset Capital,…

The moment Amazon feared when FTC Chair Lina Khan was appointed may soon arrive: Bloomberg reports that the agency is putting the final touches on its most substantial antitrust case against the tech giant, and could file suit in the next few weeks. According to documents viewed by Bloomberg and sources familiar, the upcoming suit…

Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far. Founded in 2016 by Juliana Motta (CPO), Ricardo Josua (CEO), Daniela Binatti (CTO), and Marcelo Parise (VP of engineering), São Paulo–based Pismo…

The past few wildfire seasons in the United States and Canada have been some of the most memorable — and dangerous — on record. But despite the billions of dollars that each government pours into fighting fires, first responders are still in need of real-time wildfire detection and monitoring data. Enter Spire Global and OroraTech.…

“Win on Sunday, sell on Monday.” That was the popular marketing adage when motorsports and car sales were intricately intertwined. While a podium finish these days doesn’t necessarily translate into a bump in sales — with many consumers being more focused on fuel economy, looks and comfort — there is still a glimmer of truth…

Amazon subsidiary Zoox has begun testing its purpose-built, electric, autonomous robotaxis on public streets in Las Vegas, the company announced Tuesday. Zoox says this marks the first time that an autonomous vehicle built without pedals or a steering wheel has operated on public roads in Nevada. Zoox is starting small with a one-mile loop around…

We are only scratching the surface of how artificial intelligence might be used in art, and musicians are already experimenting with the technology. But if their AI-assisted composition is to be eligible for a Grammy, they’ll need to make sure that their contribution is “meaningful,” the rules now state. An update to the famous awards’…