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- Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal
par Paul Sawers le avril 26, 2024Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion. A newly-formed entity called Luke Bidco Ltd, formed by private equity giant Thoma Bravo, has tabled an all-cash bid of $7.75 (£6.20) per share, which represents a 44% premium on its average price for the three-month © 2024 TechCrunch. All rights reserved. For personal use only.
- Tesla Autopilot investigation closed after feds find 13 fatal crashes related to misuse
par Sean O'Kane le avril 26, 2024The National Highway Traffic Safety Administration closed a long-standing investigation into Tesla’s Autopilot driver assistance system after reviewing hundreds of crashes involving its misuse, including 13 that were fatal and “many more involving serious injuries.” At the same time, NHTSA is opening a new investigation to evaluate whether the Autopilot recall fix that Tesla implemented © 2024 TechCrunch. All rights reserved. For personal use only.
- Shein to face EU’s strictest rules for online marketplaces
par Natasha Lomas le avril 26, 2024Ultra-fast fashion ecommerce giant Shein will be subject to an additional layer of governance rules targeted at very large online platforms (VLOPs) under the European Union’s Digital Services Act (DSA), the Commission announced Friday. Shein had reported passing an average of 45 million monthly users in the region — which is the threshold for the © 2024 TechCrunch. All rights reserved. For personal use only.
- Global Founders Capital will deploy Rocket Internet’s cash instead of raising a new fund
par Romain Dillet le avril 26, 2024Global Founders Capital, the Berlin-based early stage VC firm with close ties to the German startup factory Rocket Internet, is going to become the venture arm of Rocket Internet. The VC previously raised two $1 billion funds and, just a few years ago, its name appeared in dozens of deals per year. But then, things © 2024 TechCrunch. All rights reserved. For personal use only.
- xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
par Connie Loizos le avril 26, 2024xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company – is expected to close in the next few weeks unless the terms © 2024 TechCrunch. All rights reserved. For personal use only.
- Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
par Manish Singh le avril 26, 2024Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food © 2024 TechCrunch. All rights reserved. For personal use only.
- The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.
par Rebecca Szkutak le avril 26, 2024The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require employees who aren’t senior executives to wait a set amount of time before joining a competitor or launching their own company in the same category. While the FTC’s ruling will impact industries like © 2024 TechCrunch. All rights reserved. For personal use only.
- Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn
par Marina Temkin le avril 25, 2024Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, and at that time, the firm said it increased its capital pool by © 2024 TechCrunch. All rights reserved. For personal use only.
- Defense startup True Anomaly lays off around 25%, cancels summer internship
par Aria Alamalhodaei le avril 25, 2024Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned. © 2024 TechCrunch. All rights reserved. For personal use only.
- Boeing’s Starliner set to fly astronauts for the first time on May 6
par Aria Alamalhodaei le avril 25, 2024This will mark Starliner’s second flight to the ISS: The first, an uncrewed mission called Orbital Flight Test-2, took place in May 2022. © 2024 TechCrunch. All rights reserved. For personal use only.
- Snap says total watch time on its TikTok competitor increased more than 125%
par Aisha Malik le avril 25, 2024As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. The company is touting the success of its short-from video feed a © 2024 TechCrunch. All rights reserved. For personal use only.
- It’s a sunny day for Google Cloud
par Kyle Wiggers le avril 25, 2024Google Cloud had a blockbuster quarter, driving parent company Alphabet's revenues — and stock price — to impressive highs. © 2024 TechCrunch. All rights reserved. For personal use only.
- Rubrik’s shares end trading up almost 16% on the company’s public debut
par Rebecca Szkutak le avril 25, 2024This share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88% from its last primary valuation of $3.5 billion in 2019. © 2024 TechCrunch. All rights reserved. For personal use only.
- Why Meta is looking to the fediverse as the future for social media
par Sarah Perez le avril 25, 2024Meta’s move into the open social web, also known as the fediverse, is puzzling. Does the Facebook owner see open protocols as the future? Will it embrace the fediverse only to shut it down, shifting people back to its proprietary platforms and decimating startups building in the space? Will it bring its advertising empire to © 2024 TechCrunch. All rights reserved. For personal use only.
- Health insurance giant Kaiser will notify millions of a data breach after sharing patients’ data with advertisers
par Zack Whittaker le avril 25, 2024Kaiser, one of the largest healthcare organizations in the United States, said it was notifying 13.4 million members of a data breach earlier in April. © 2024 TechCrunch. All rights reserved. For personal use only.
- Sanctuary’s new humanoid robot learns faster and costs less
par Brian Heater le avril 25, 2024Sanctuary AI often isn’t mentioned in the same breath as humanoid robotics firms like Boston Dynamics, Agility, Figure and 1X, but the Canadian company has been operating in the space for some time. In fact, a new robot introduced on Thursday is actually the seventh-generation of its Phoenix line. While a recent iteration introduced legs © 2024 TechCrunch. All rights reserved. For personal use only.
- Gravitics to develop ‘tactically responsive’ orbital platforms for the Space Force
par Aria Alamalhodaei le avril 25, 2024The contract is part of a larger push from the Force to procure space capabilities from private industry on timelines that have been previously unheard of. © 2024 TechCrunch. All rights reserved. For personal use only.
- Is TikTok getting banned? Not yet, but you should explore alternatives
par Aisha Malik le avril 25, 2024As a TikTok ban gets closer to becoming a reality in the United States, it might be time to start thinking about other platforms to adopt early in case you need to fill the void left by the popular app at some point in the future. On Wednesday, President Biden signed a bill that would © 2024 TechCrunch. All rights reserved. For personal use only.
- Speaker applications close tomorrow for TechCrunch Disrupt 2024
par Robert Frawley le avril 25, 2024Hurry up! Our Call for Content ends tomorrow, April 26 at 11:59 p.m. PT. If you’re a startup expert eager to lead a session at TechCrunch Disrupt on October 28-30, now’s the time to apply! Submit your proposal to speak at TechCrunch Disrupt 2024 before the deadline. Your topic should empower startup founders, builders, and © 2024 TechCrunch. All rights reserved. For personal use only.
- Breaking down TikTok’s legal arguments around free speech, national security claims
par Rebecca Bellan le avril 25, 2024Social media platform TikTok says that a bill banning the app in the U.S. is “unconstitutional” and that it will fight this latest attempt to restrict its use in court. The bill in question, which President Joe Biden signed Wednesday, gives Chinese parent company ByteDance nine months to divest TikTok or face a ban on © 2024 TechCrunch. All rights reserved. For personal use only.
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