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…
Share to FacebookShare to TwitterShare to LinkedinTopline Cryptocurrency billionaires the Winklevoss twins on Thursday announced they are donating $1 million worth of bitcoin each to support Donald Trump, the latest billionaires to back the former president who has increasingly embraced cryptocurrencies on his 2024 campaign trail. Tyler Winklevoss and Cameron Winklevoss said they will be…
Dollar scales multi-week highs as other cenbanks more dovish than Fed
German minister’s visit a chance to defuse trade tensions, China state media say
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…
McDonald’s has revealed the details of its highly anticipated $5 value meal, which the fast food chain hopes will rev up sluggish sales and lure back customers who have cut back.Beginning June 25, McDonald’s US locations are selling a “$5 Meal Deal” for a limited time. It includes a McDouble cheeseburger or a McChicken sandwich,…
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…
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