Cake sought deals with Harley-Davidson, automakers before bankruptcy

February 6, 2024

Electric motorcycle company Cake held talks with Harley-Davidson and other automakers in 2023 as it fought to stay alive, founder and CEO Stefan Ytterborn told TechCrunch in an interview Tuesday. The talks, which have not been previously reported, ultimately did not pan out for the Swedish startup, which slid into bankruptcy last week. Still, Ytterborn […]

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Confirmed: Entrust is buying AI-based ID verification startup Onfido, sources say for more than $400M

February 6, 2024

Onfido, an early mover in the world of identity verification using computer vision and other AI tools, is getting acquired, TechCrunch has learned and confirmed. Entrust — the privately-held company that provides a range of certification and verification services around payment cards, passwords, network and website access, device access and more — is buying the […]

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Following this week’s layoffs, Snap’s stock tanks 30% on Q4 earnings

February 6, 2024

Snap is not having a good quarter. Following this week’s news that the company was laying off 10% of its workforce, amounting to hundreds of employees, the company’s stock is now crashing after reporting a fourth-quarter earnings miss. The Snapchat maker’s stock dropped by over 30% in after-hours trading as investors reacted to Snap’s underwhelming […]

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Adam Neumann is trying to buy back WeWork

February 6, 2024

Adam Neumann, who co-founded flexible workspace provider WeWork in 2010 and notoriously stepped down nine years later, is attempting to buy the company out of bankruptcy, according to multiple reports. In a letter published by The New York Times today, lawyers for Adam Neumann, his latest startup Flow Global Holdings LLC and “their affiliates” wrote […]

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These VCs think the Vision Pro has a shot in the enterprise

February 6, 2024

The Vision Pro, Apple’s first mixed-reality headset, is undeniably impressive from a technical perspective. It reflects a carefully considered, thoughtful (albeit pricey) approach to AR/VR, while its operating system — visionOS — delivers genuine innovations in the areas of input and interactions. But apps make or break hardware, regardless of how compelling the base experience […]

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Virgin Galactic investigating anomaly discovered after last crewed suborbital mission

February 6, 2024

Virgin Galactic is working with regulators to investigate an issue with an alignment pin that was discovered after the last crewed suborbital flight in January. During post-flight reviews, Virgin said it discovered that an alignment pin had detached from VMS Eve, the aircraft that carries the suborbital space plane to altitude. The company notified the […]

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