Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, the company announced Tuesday. The Q1 revenue figure […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Meta claims that it has strong guardrails in place to prevent its system from generating inappropriate ad content or low-quality images.
© 2024 TechCrunch. All rights reserved. For personal use only.
On April 29, Senators Jon Ossoff (D-GA) and Marsha Blackburn (R-SC) proposed a bipartisan bill to protect children from online sexual exploitation. President Biden officially signed the REPORT Act into law on Tuesday. This marks the first time that websites and social media platforms are legally obligated to report crimes related to federal trafficking, grooming, […]
© 2024 TechCrunch. All rights reserved. For personal use only.
The pandemic ushered in an e-bike boom. But like so many other pandemic trends, that boom didn’t last. The last year has seen e-bike startups VanMoof and Cake file for bankruptcy amid a backdrop of micromobility doom and gloom. Tier and Dott merged. Superpedestrian closed up shop. Bird also had to go through a restructuring. […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Robert Kahn has been a consistent presence on the Internet since its creation — obviously, since he was its co-creator. But like many tech pioneers his resumé is longer than that and in fact his work prefigured such ostensibly modern ideas as AI agents and blockchain. TechCrunch chatted with Kahn about how, really, nothing has […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Amazon is launching a new tool, Bedrock Studio, designed to let organizations experiment with generative AI models, collaborate on those models, and ultimately build generative AI-powered apps. Available in public preview starting today, the web-based Bedrock Studio — a part of Bedrock, Amazon’s generative AI tooling and hosting platform — provides what Amazon describes in […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower, three sources familiar with the matter told TechCrunch. The startup is engaging with investors, including Malaysia’s sovereign wealth fund Khazanah, for the new funding, the sources […]
© 2024 TechCrunch. All rights reserved. For personal use only.
On Tuesday, U.S. and U.K. authorities revealed that the mastermind behind LockBit, one of the most prolific and damaging ransomware groups in history, is a 31-year-old Russian named Dmitry Yuryevich Khoroshev, aka “LockbitSupp.” As it’s customary in these types of announcements, law enforcement published pictures of Khoroshev, as well as details of his group’s operation. […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Jumia, an African e-tailer, attributes this growth to continued improvements in its supply and product assortment.
© 2024 TechCrunch. All rights reserved. For personal use only.