Tribe Capital is in talks to lead a $75 million to $100 million funding into the logistics aggregator Shiprocket, according to a person familiar with the matter, a notable financing deliberation at a time when Indian startups are struggling to raise capital. The funding talks are ongoing and the terms may change, the people said, […]
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On Monday, a jury sided with Epic Games over Google in an antitrust case that could reshape how app marketplaces like Google Play are allowed to operate. The unanimous verdict wraps up a three-year-long legal battle between the companies. Epic, creator of the popular online multiplayer game Fortnite, first filed its lawsuit against Google in […]
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Terran Orbital CEO Marc Bell told employees Monday the company is not looking for a buyer in an effort to quash a report that it was seeking bids by the end of the month, according to sources who spoke to TechCrunch. Bell’s comments came during an all-hands meeting with staff, following a Wall Street Journal article […]
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Hasbro is laying off 1,100 employees, according to an SEC filing. The company behind franchises like Dungeons & Dragons and Transformers, Hasbro already laid off 800 employees in January. While some employees will find out about the fate of their jobs on Tuesday, others will be cut in the coming year. By 2025, Hasbro told […]
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Ford will cut production of its all-electric pickup truck in 2024 in an effort to match consumer demand, the automaker confirmed to TechCrunch. Ford executives signaled in October during its third-quarter earnings call plans to”adjust” production of its all-electric vehicles and delay about $12 billion in investments due to softening demand for higher priced premium […]
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In this issue: OurSky’s new funding, news from DARPA, the FAA and more
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Helicity Space has closed a $5 million seed funding to accelerate development of a technology that could finally unlock fast, efficient travel in deep space. That technology is fusion propulsion, which has long been the domain of science fiction. The startup says that they have discovered a way to use plasma jets for fusion reaction. […]
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Many companies already use generative AI tools, like OpenAI’s ChatGPT, which can help improve workers’ performance by as much as 40% compared with workers who don’t use it. However, only businesses with large engineering teams can build their own AI workforces. An Australia-based startup, Relevance AI, wants to help companies of all sizes build custom AI […]
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