Technology

For a firm whose bets are largely unpredictable, the early-stage venture firm Future Ventures has become very formulaic in its fundraising. Now entering its fifth year, the firm just closed a $200 million fund – its third in a row. In fact, it would have exactly $600 million under management at this point if not […]

Talking with Future Ventures about its new fund, AI hype, and Siri sucking (still) by Connie Loizos originally published on TechCrunch

When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: the bank spent most of last year without a chief risk officer, and the one who left sold more than $4 million of stock in the bank before departing. The new CRO Kim Olson, who joined in January 2023, […]

Silicon Valley Bank’s chief risk officer is out, months after taking the job by Natasha Mascarenhas originally published on TechCrunch

Former Theranos CEO and convicted fraud Elizabeth Holmes is expected to go to prison on April 27 for a sentence of more than 11 years. After Holmes was found guilty on four fraud counts last year, her lawyers have made numerous attempts to delay her incarceration, like petitioning for a new trial. Now Judge Edward […]

Elizabeth Holmes is denied request to stay out of prison by Amanda Silberling originally published on TechCrunch

Hyundai Motor Group will invest 24 trillion won (~$18 billion) in South Korea’s electric vehicle industry through 2030, the company said Tuesday. The news comes a week after Kia, which falls under the Hyundai umbrella, announced its own 32 trillion won (~$24 billion) investment into electrification and future business areas. Hyundai’s investment plan was revealed […]

Hyundai Motor to invest $18B in South Korea’s EVs by 2030 by Rebecca Bellan originally published on TechCrunch

Chinese regulators have proposed restrictive rules around AI models like ChatGPT being built in the country, requiring user identification, security reviews, and prohibiting “any content that subverts state power, advocates the overthrow of the socialist system, incites splitting the country or undermines national unity.” The rules come hot on the heels of Chinese tech companies […]

Prohibition of AI that ‘subverts state power’ in China may chill its nascent industry by Devin Coldewey originally published on TechCrunch

Former cop and self-declared “geek” Eric Adams held a press conference in Times Square today to let the city know how much he loves police robots. New York City’s mayor presided over a press conference alongside police officials to discuss a pair of pilots designed to increase the city’s surveillance. “I’ve stated this from day […]

New York’s mayor wants you to know how much he loves police robots by Brian Heater originally published on TechCrunch

Kobie Fuller, a partner at Upfront Ventures, had a notion that there are certain characteristics that every successful enterprise software company shares. You might think that’s not something that’s easily quantifiable or identifiable, maybe just something that any investor knows or senses when they see it. But Fuller decided to sit down and figure out […]

Upfront’s Kobie Fuller has designed an investment framework for modern enterprise software by Ron Miller originally published on TechCrunch

Turo, the peer-to-peer car rental company, plans to block access to third-party services like CarSync and Fleetwire starting April 30, according to an email that hosts received and TechCrunch viewed. Turo confirmed the move, which hosts say will cut them off from essential fleet management tools that allow them to share multiple cars on the platform. […]

Turo is blocking access to third-party services and hosts are freaking out by Rebecca Bellan originally published on TechCrunch

Venture capitalists and private equity firms have invested over $40 billion into battery technology startups, and some of those investments are now coming to fruition.

Over 300 gigafactories will make tomorrow’s EVs. We mapped them all. by Miranda Halpern originally published on TechCrunch