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Tag Archives: TechCrunch
Twelve Below secures $108M across two new funds
Twelve Below aims to lead or co-lead pre-seed and seed financings with the goal of earning a 10% to 15% ownership stake in the core investments from the fund. © 2023 TechCrunch. All rights reserved. For personal use only.
EU widens scope of food delivery cartel concerns probe
European Union antitrust regulators have carried out another series of raids on two online food delivery companies headquartered inside the bloc. The Commission hasn’t named the companies involved but the move follows unannounced EU inspections back in July 2022 — … Continue reading
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India’s anti-money laundering agency finds $1 billion violation at Byju’s
India’s Enforcement Directorate, its anti-money laundering agency, has found that Byju’s violated the nation’s foreign exchange law to the tune of $1.08 billion, a person familiar with the matter told TechCrunch. The findings, which ED plans to make public as … Continue reading
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Google admits Spotify pays no Play Store fees because of a secret deal
A Google executive said during a testimony in the Epic vs Google trial that a deal with Spotify allows the audio company to bypass Play Store fees, as reported by The Verge. Don Harrison, Google’s head of partnership, said that … Continue reading
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Indy raises $44 million to simplify taxes and paperwork for freelancers
French startup Indy has recently closed a new funding round of $44 million (€40 million) with BlackFin Capital Partners leading the round. Indy started as an automated accounting platform for freelancers and other self-employed people. But the company has been … Continue reading
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Elon Musk’s ‘thermonuclear’ lawsuit over hate-adjacent ads on X… actually confirms them
Elon Musk’s X, formerly Twitter, has filed a lawsuit alleging defamation by a news organization over claims that major companies had ads appear next to antisemitic content. But the suit appears to confirm the very thing it claims is defamatory. … Continue reading
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Max Q: SpaceX’s mega-rocket for the moon and Mars goes farther than ever before
In this issue: More on Starship’s second launch, news from Blackshark.ai and more © 2023 TechCrunch. All rights reserved. For personal use only.
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Chaos at OpenAI adds fuel to the AI talent poaching war
It may be difficult for just any company to court OpenAI employees even if compensation packages are eye-poppingly high because of loyalty to Sam Altman. © 2023 TechCrunch. All rights reserved. For personal use only.
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Investors are souring on OpenAI’s nonprofit governance model
OpenAI was never quite like other generative AI startups — or other startups period, for that matter. Its governance structure is unique and what ultimately led to the abrupt ousting of CEO Sam Altman on Friday. Even after it transitioned … Continue reading
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Don’t expect competition authorities to wade into the Microsoft-OpenAI power-play — yet
As the tech world watches Microsoft suck in top execs and AI engineering talent from OpenAI, the generative AI giant in which it already holds a minority stake worth several billion dollars, one question to consider is what, if anything, … Continue reading
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