Author: TechCrunch News

Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week. The admission provides a clearer picture of Fisker’s troubles in 2023 as it struggled to ramp up deliveries of its flagship Ocean SUV, despite CEO…

Wordsmith, a fledgling Scottish legal tech startup, has somehow managed to attract the backing of two well-known venture capital firms. The startup targets in-house legal teams and law firms with an AI platform that they can configure to help other workers in the company. This way…

Like it or hate it, artificial intelligence – especially generative AI – is the technology story of 2024. OpenAI, with its rollouts of viral services like ChatGPT and billions in funding, may have gobbled up the lion’s share of attention and money so far. But according to a new report out from top VC Accel…

General Catalyst is linking up with Venture Highway to make a deeper push into India, where it plans to invest over $500 million in coming years. © 2024 TechCrunch. All rights reserved. For personal use only…

Malicious hacking is getting increasingly sophisticated, and that’s leading to a very clear trend in security technology. To keep people and organizations safe, security also has to continue advancing its own complexity.  Security startup PQShield has gotten an early start on that concept with a focus on “post-quantum” cryptography: software and hardware solutions that, in…

Hero, a new fintech startup based in Paris, is announcing an €11.3 million all-equity funding round led by Valar Ventures ($12.2 million at today’s exchange rate). For the past couple of years, the company has been quietly building an ambitious banking product for small companies that can essentially replace everything you’d expect from a traditional…

A researcher has found a bug that allows anyone to impersonate Microsoft corporate email accounts, making phishing attempts look credible and more likely to trick their targets.  As of this writing, the bug has not been patched. To demonstrate the bug, the researcher sent an email to TechCrunch that looked like it was sent from…

At the Augmented World Expo on Tuesday, Snap teased an early version of its real-time, on-device image diffusion model that can generate vivid AR experiences. The company also unveiled generative AI tools for AR creators. Snap co-founder and CTO Bobby Murphy said onstage that the model is small enough to run on a smartphone and…

Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna, after all. The startup’s November 2022 start-of-production target was aggressive, but not…

The U.S. Federal Trade Commission announced on Tuesday that it has referred a complaint against TikTok and its parent company ByteDance to the Department of Justice. The agency was investigating the company over potential violations of the Children’s Online Privacy Protection Act and was looking into whether TikTok violated a law that prohibits “unfair and deceptive”…