Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital expenditures by 20%, comes as Canoo struggles to move beyond prototypes toward commercial production. Canoo…
Last year, Salesforce, the company best known for its cloud sales support software (and Slack), spearheaded a project called ProGen to design proteins using generative AI. A research moonshot, ProGen could — if brought to market — help uncover medical treatments more cost effectively than traditional methods, the researchers behind it claimed in a January…
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at some hot fintech startups in Africa, how Mint’s closure has been Copilot’s gain and why VCs have doubled down on a particular expense management startup. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday…
TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Before we jump into the startup and…
Nvidia and Amazon Web Services, the lucrative cloud arm of Amazon, have a surprising amount in common. For starters, their core businesses emerged from a happy accident. For AWS, it was realizing that it could sell the internal services — storage, compute and memory — that it had created for itself in-house. For Nvidia, it…
Every week seems to bring with it a new AI model, and the technology has unfortunately outpaced anyone’s ability to evaluate it comprehensively. Here’s why it’s pretty much impossible to review something like ChatGPT or Gemini, why it’s important to try anyway, and our (constantly evolving) approach to doing so. The tl;dr: These systems are…
On March 11, a fizzy startup announced that it had raised $67 million at a $1.4 billion valuation and reached $263 million in sales in 2023. Did you guess that this startup is Liquid Death, a canned water company? Liquid Death has now raised more than $267 million in venture funding despite sitting in a…
Americans spent more than $144.8 billion on fishing and hunting in 2022 alone, according to a survey by the U.S. Fish and Wildlife Service. Guided hunting and fishing excursions are a substantial part of that industry, but they’ve largely remained offline. Bookings are done over the phone and paid for by physical checks or cash.…
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. Helloooo, startup nerds! I spent much of this week in San Jose hanging out in the world of AI startups and tech giants at GTC, and…
This is the best vacuum cleaner I have ever owned…