Coinbase Q2 earnings exceed estimates, signaling potential market recovery

August 3, 2023
Coinbase reported its second quarter earnings Thursday afternoon after the bell, beating market estimates. During Q2, the second largest crypto exchange by trading volume generated total revenues of $707.9 million, down from $772.5 in the previous quarter and $808.3 million in the year-ago quarter. It also had a $97 million net loss and generated a […]

BMW is pumping more cash into EVs ‘than originally planned’

August 3, 2023
As far as sales go, BMW still lags well behind Tesla on the electric-vehicles front, but the German automaker is arguably making strides. BMW told investors Thursday that EVs made up 12.6% of the firm’s total deliveries during the first half of 2023, up from 10% for the entirety of 2022. BMW aims for its […]

Credo AI, GitLab, Numbers Station will put the AI in SaaS at TechCrunch Disrupt 2023

August 3, 2023
The global hype surrounding the potential benefits of AI has captured the attention of the business world and beyond, so it’s no surprise that new and existing SaaS startups are integrating it into their products. According to one recent survey, 35% of SaaS businesses already use AI, while another 42% plan to in the near […]

Rivian elects former Waymo CEO John Krafcik to board

August 3, 2023
John Krafcik, who led autonomous vehicles company Waymo for five years, has joined Rivian’s board of directors, according to a regulatory filing. EV maker Rivian increased the size of its board and elected Krafcik to serve as a director, the filling said. His term will expire in 2024, when Rivian holds its annual shareholder meeting. […]

EventMobi acquires a16z-backed virtual events platform Run The World

August 3, 2023
EventMobi, an event management software provider based in Toronto, Canada, today announced that it’s agreed to acquire Run The World, an Andreessen Horowitz (a16z)-backed platform for online events, for an undisclosed amount. Bob Vaez, the founder and CEO of EventMobi, said that the purchase will enable EventMobi to “double down” on delivering diverse event formats, […]