Terraform co-founder Do Kwon pleads not guilty to fake travel documents

May 12, 2023

Terraform Labs co-founder Do Kwon pleaded not guilty in a Montenegrin court on Thursday to a charge of forging his passport and travel documents. Kwon’s hearing comes a month after Kwon and Chang-joon Han, Kwon’s former colleague, who also pleaded not guilty, were arrested at the airport in Podgorica, the capital of Montenegro, while trying to […]

Terraform co-founder Do Kwon pleads not guilty to fake travel documents by Kate Park originally published on TechCrunch

Bird’s weak stock market performance impacts the entire e-scooter industry

May 12, 2023

Bird’s first-quarter earnings show a company struggling to maintain ridership and revenue — two legs of the profitability stool for the shared micromobility market. Bird did manage to cut costs — that would be the third leg — but it wasn’t enough to convince investors that the scooter company can find its way to profitability. […]

Bird’s weak stock market performance impacts the entire e-scooter industry by Rebecca Bellan originally published on TechCrunch

Intuitive Machines prepares for first lunar mission, faces challenge to NASA contract win

May 11, 2023

Intuitive Machines is preparing for its first lunar mission to the moon’s south pole in the third quarter of this year, while also facing a protest to a major NASA contract win, executives told investors Thursday. The company has made “significant progress” on testing for the inaugural IM-1 mission, Intuitive Machines CEO Steve Altemus said […]

Intuitive Machines prepares for first lunar mission, faces challenge to NASA contract win by Aria Alamalhodaei originally published on TechCrunch

Polestar and Volvo are the latest automakers caught in software purgatory

May 11, 2023

Software, it turns out, is hard for automakers. And building a so-called software-defined car — the term du jour in automotive circles — is even harder. Software development problems have led to executive shakeups at VW Group, bricked vehicles, recalls and generally unpleasant vehicle experiences. Now, Polestar and Volvo Cars have gotten caught up in […]

Polestar and Volvo are the latest automakers caught in software purgatory by Kirsten Korosec originally published on TechCrunch

Meta announces generative AI features for advertisers

May 11, 2023

Meta today announced an AI Sandbox for advertisers to help them create alternative copies, background generation through text prompts and image cropping for Facebook or Instagram ads. The first feature lets brands generate different variations of the same copy for different audiences while trying to keep the core message of the ad similar. The background […]

Meta announces generative AI features for advertisers by Ivan Mehta originally published on TechCrunch