Author: TechCrunch News

SpaceX was awarded an eight-launch, $733 million contract by the U.S. Space Force on Friday, as part of an ongoing program intended to foster competition among launch providers. The award includes seven launches for the Space Development Agency and one for the National Reconnaissance Office, all anticipated to use Falcon 9s and occur no earlier…

Acrew Capital has raised $700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under management to $1.7 billion…

SandboxAQ began as Alphabet’s moonshot AI and quantum computing and now has an impressive roster of projects. © 2024 TechCrunch. All rights reserved. For personal use only…

Web hosting provider WP Engine has filed an injunction in a court in North California, asking it to intervene and restore its access to the WordPress.org open-source repository. After WP Engine filed a lawsuit against WordPress co-creator Matt Mullenweg and Automattic last month, Mulleweng — who also owns WordPress.org — blocked the company’s access to…

Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to a group of journalists, Raveendran said the company’s aggressive acquisition of more than two dozen…

The U.S. automotive safety regulator has opened a new investigation into Tesla’s Full Self-Driving (Supervised) software after four reported crashes in low-visibility situations. © 2024 TechCrunch. All rights reserved. For personal use only…

Navigating the complex decision of when to sell a startup or keep pushing forward is one of the toughest challenges founders face. In an era where IPOs are frequently delayed and acquisition offers arrive earlier, determining the right moment to either cash out or stay independent is increasingly nuanced…

As we’ve reported before, enterprise CIOs are taking generative AI slow. One reason for that is AI doesn’t fit into existing software engineering workflows, because it literally doesn’t speak the same language. For instance, LLMs (aka large language models) require a lot of cajoling to deliver valid JSON…

The startup seeks to reduce inefficiencies for electricians, including from site visits while quoting jobs. © 2024 TechCrunch. All rights reserved. For personal use only…

Photonic computing startup Lightmatter has raised $400 million to blow one of modern datacenters’ bottlenecks wide open. The company’s optical interconnect layer allows hundreds of GPUs to work synchronously, streamlining the costly and complex job of training and running AI models. The growth of AI and its correspondingly immense compute requirements have supercharged the datacenter…