Tag: Startup

If the 2023 crypto venture landscape was an ice-cold pot of water, the first quarter of 2024 is the part where the bubbles start to form right before water boils, Tom Schmidt, a partner at Dragonfly Capital, said to TechCrunch. And he’s not wrong: $2.52 billion in total capital has been raised across the crypto…

It works well without having the metal bristles to potentially get on your grill and into your food…

Quality control is so bad at Elon Musk’s automaker, that owners are taking matters into their own hands…

Google is shutting down its Podcasts app in the U.S. in a matter of days. The company has begun warning the app’s users they will need to migrate their subscriptions to YouTube Music by April 2 to follow and stream their favorite shows going forward. Users who don’t make the move immediately will still have…

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. There’s not that much news from me this week, but I’ve been doing a ton of prep for TechCrunch Early Stage taking place in Boston on…

On Thursday, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison after he was found guilty on seven charges of wire fraud and money-laundering. The scam he pulled was fairly simple: He and his partners created an exchange, FTX, that took customer deposits to invest in and trade cryptocurrencies. Some…

Since Bumble’s blockbuster IPO at the height of the pandemic, investors’ ardor with the dating service has cooled. Bumble’s shares trade at roughly $11 per share right now, a far cry from the $76 they closed at on its first day as a public company in February 2021. Of course, investors are fickle, which is…

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Byju Raveendran, the founder of embattled edtech group Byju’s, has made a last-ditch attempt to placate disgruntled investors including Prosus Ventures. He has just informed them that the board is weighing an offer of renounced shares — shares that a group of investors chose not to buy recently in protest — to prevent the dilution of…

X.ai, Elon Musk’s AI startup, has revealed its latest generative AI model, Grok-1.5. Set to power social network X’s Grok chatbot in the not-to-distant future (“in the coming days,” X.ai writes in a blog post), Grok-1.5 appears to be a measurable upgrade over its predecessor, Grok-1 — at least judging by the benchmark results and…