Los Angeles-based Gitai said Tuesday that its autonomous robotic arm has nailed a tech demonstration outside the International Space Station. Gitai CEO Sho Nakanose told TechCrunch in an interview last year that the company aims to reduce in-space labor costs by 100 times, in the same way that SpaceX and other providers have dramatically reduced […]
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Microsoft has hired Mustafa Suleyman and Karen Simonyan, co-founders of high-profile AI startup Inflection AI, and several of their colleagues as the Satya Nadella-led cloud giant continues its aggressive push to attract top talent. Suleyman — also a co-founder of DeepMind, which Google bought in 2014 to bolster its own AI efforts — will run […]
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Backpack’s founders, who are building a crypto exchange and wallet, have experienced strong growth since launching in 2022. But the road wasn’t easy. FTX co-led Backpack’s $20 million strategic investment round in September 2022. Less than two months later, in November, 2022, FTX collapsed. “We lost 80% of the operating capital on FTX. We spent […]
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Fisker’s finances are back in the news after the company warned back in February that it didn’t have enough cash to make it through its next year. The company said this week that it intends to halt production for six weeks to get its business back in order. Fisker is hardly the first electric vehicle […]
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Fintech exploded over the last five years. Startups in the category raised more than $350 million in VC funding from 2019 through 2023, according to data from CB Insights. Despite all that growth, Eric Gylman, the co-founder and CEO of Ramp thinks that the industry, and companies like his, are just scratching the surface. Glyman […]
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