Author: TechCrunch News

The European Commission (EC) has confirmed that it’s opening an in-depth investigation into Adobe’s proposed $20 billion bid for digital design software rival Figma. The Commission said that the acquisition “may reduce competition in the global markets for the supply of interactive product design software and for digital asset creation tools.” First announced last September,…

Proptech startup Dongnae said Tuesday it plans to acquire Stevens, a South Korean company that operates co-living business Dears. The two companies did not disclose the acquisition price, but Dongnae said it will purchase Stevens with a mix of cash and equity. The Seoul-based proptech outfit previously raised a total of $34 million, including a $21 million…

It was an eventful week in fintech startup land, and we did our best to capture the highlights. We covered some raises, new product lines, at least one M&A deal and more. Oh, and if you want to receive this in your inbox in the future, sign up here. Lula tightens its belt and raises…

Hey, folks, and welcome to Week in Review (WiR), TechCrunch’s newsletter that highlights key developments in the tech industry over the past few days. If you missed the news this week, no biggie. That’s what WiR is for. We’ll fill you in. In this edition, we cover Reed Jobs, the son of Steve Jobs, who…

Successful PR strategies shine in the age of ChatGPT Craig Corbett Contributor Craig Corbett is a partner at Publicize, a PR agency helping tech leaders and investors push their brands to the front and center of a rapidly evolving media landscape. The advent of generative AI will lead to a tectonic shift in how startups…

The pandemic disrupted the office in a fundamental way. Remote work turned from a nice perk to a way of life for many. It’s an abrupt change for a tech industry that has a long history of rolling out perks to keep employees in the office for as long as conceivably possible. Google is among…

As far as sales go, BMW still lags well behind Tesla on the electric-vehicles front, but the German automaker is arguably making strides. BMW told investors Thursday that EVs made up 12.6% of the firm’s total deliveries during the first half of 2023, up from 10% for the entirety of 2022. BMW aims for its…

The global hype surrounding the potential benefits of AI has captured the attention of the business world and beyond, so it’s no surprise that new and existing SaaS startups are integrating it into their products. According to one recent survey, 35% of SaaS businesses already use AI, while another 42% plan to in the near…

HackerOne, a widely known bug bounty and penetration testing platform, is cutting up to 12% of its workforce as the global economic slowdown continues to impact the tech community. The San Francisco-based startup announced its layoffs on Wednesday, TechCrunch learned and confirmed with the startup. The decision will impact the startup’s employees worldwide, including those…

Austin seems to agree with Tuesday Capital. When the 12-year-old seed-stage outfit — originally called CrunchFund  —  was co-founded by longtime Patrick Gallagher and TechCrunch founder Michael Arrington, it was interwoven with the Silicon Valley scene. In has since widened its net. Part of the shift owes to the pandemic, when many venture firms began…