Porsche — with CEO Oliver Blume behind the wheel — has zipped by a number of milestones over the past several years. Its share price has gained more than 36% since its IPO in September 2022 and profit margins are at an enviable 18%. And yet, Blume isn’t satisfied. “We are driving the company like […]
How Porsche plans to grow margins with luxury and speed by Tim Stevens originally published on TechCrunch
Between the robots and an AI-powered workflow, GeologicAI’s new business model is looking far more scalable than its old approach.
Batteries beat oil and gas as AI startup pivots to critical minerals exploration by Tim De Chant originally published on TechCrunch
After a cybersecurity audit mistakenly reset everyone’s password, a high school changed every student’s password to “Ch@ngeme!” giving every student the chance to hack into any other student’s account, according to emails obtained by TechCrunch. Last week, Oak Park and River Forest (OPRF) High School in Illinois told parents that during a cybersecurity audit, “due […]
High school changes every student’s password to ‘Ch@ngeme!’ by Lorenzo Franceschi-Bicchierai originally published on TechCrunch
Should enormous companies of the world be run more like countries? Or should countries be run more like companies?
When companies have more influence than countries by Haje Jan Kamps originally published on TechCrunch
In 2023, funds of funds (FoFs) are on track to raise the smallest amount of money this year in more than a decade. At the same time, muted venture deal activity has many firms ditching their follow-on funds. Despite these twin trends, a new emerging manager is looking to find success with a fund that […]
Level wants to back your fund — and your portfolio companies too by Rebecca Szkutak originally published on TechCrunch
Halo Car, a startup that uses remote operators to deliver rental cars to a customer’s door, has launched driverless operations in Las Vegas. Driverless operations mean something different for Halo than they do for autonomous vehicle companies like Cruise or Waymo because Halo’s vehicles aren’t capable of self-driving. The startup’s fleet is kitted out with […]
Halo Car launches remotely piloted rental car deliveries in Las Vegas by Rebecca Bellan originally published on TechCrunch
Sexual and mental health stigmatization in Africa has evolved over several decades to a point where negligence to address the issue has led to the continent topping the charts in sexually transmitted infections (STIs) and mental health cases. For one, around 11 people per 100,000 die by suicide in Africa yearly, according to the World […]
Lightspeed makes first investment in Africa, backing Ghana’s Berry Health by Tage Kene-Okafor originally published on TechCrunch
Meta made a remarkable claim in an announcement published today intended to give more clarity on its content recommendation algorithms. It’s preparing for behavior analysis systems “orders of magnitude” bigger than the biggest large language models out there, including ChatGPT and GPT-4. Is that really necessary? Every once in a while Meta decides to freshen […]
Meta expects recommendation models ‘orders of magnitude’ bigger than GPT-4. Why? by Devin Coldewey originally published on TechCrunch