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May 17 2024
News
Microsoft dodges UK antitrust scrutiny over its Mistral AI stake
Microsoft won’t be facing antitrust scrutiny in the U.K. over its recent investment in French AI startup, Mistral AI, with the country’s Competition and Markets Authority (CMA) on Friday concluding that the partnership “does not qualify for investigation under the merger provisions of the Enterprise Act 2002.” The decision comes three weeks after the CMA revealed a trio of early-stage probes
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May 16 2024
News
Meet the Magnificent Six: A tour of the stages at Disrupt 2024
TechCrunch Disrupt has always been the ultimate convergence point for all things startup and tech. In the bustling world of innovation, it serves as the “big top” tent, where entrepreneurs, tech enthusiasts, and industry leaders gather to witness the unveiling of groundbreaking technologies, engage in thought-provoking discussions, and forge invaluable connections. As we gear up for the highly
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May 16 2024
News
A US trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites 'gross mismanagement'
The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after the United States Trustee filed an emergency motion on Wednesday. The trustee is asking to convert the company’s debt reorganization Chapter 11 bankruptcy Synapse into a liquidation Chapter 7, according to court documents. The trustee wrote that the need for Chapter 7 resulted from
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May 17 2024
News
Elon Musk’s Neuralink is seeking a second person to test its brain chip
Elon Musk’s brain implant startup Neuralink is accepting applications for a second human trial participant to test its device, the billionaire said on X Friday. The request comes five months after Neuralink implanted a brain chip into its first human trial participant, 30-year-old Noland Arbaugh, and just a week after the company admitted that his implant had experienced an unexpected problem
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May 17 2024
News
Elon Musk’s Neuralink Is Looking for a New Cyborg
Elon Musk’s Neuralink is now accepting applications for a second patient to receive its brain-computer interface, just five months after Noland Arbaugh became the first human to have the startup’s technology surgically implanted. The second patient will receive the same fame and life-changing technology Arbaugh has received, presumably while dealing with the reported bugs of Musk’s new
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May 16 2024
News
Flock Safety's solar-powered cameras could make surveilliance more widespread
Flock Safety is a multi-billion dollar startup that’s got eyes everywhere. As of Wednesday, with the company’s new Solar Condor cameras, those eyes are solar-powered and using wireless 5G networks to make them all that much easier to install. Adding solar power to the mix means that the company’s mission to blanket the country with cameras just got a lot easier. The company says that its
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May 16 2024
News
Spoor uses AI to save birds from wind turbines
Wind is the largest source of renewable energy in the U.S., according to the U.S. Energy Information Administration, but wind farms come with an environmental cost as wind turbines can wreak havoc on bird populations. Meet Spoor, the startup using AI to help wind farms mitigate that risk. Spoor is a software that uses machine learning to detect birds on video while also recording their
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May 15 2024
News
Weka raises $140M as the AI boom bolsters data platforms
While an increasing number of companies are investing in AI, many are struggling to get AI-powered projects into production — much less delivering meaningful ROI. The challenges are many. But a commonly recurring one is data management. The data that companies need to train, run and fine-tune AI models is disorganized, siloed, and otherwise unoptimized. In a 2022 survey by Great Expectations,
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May 15 2024
News
Restaurant365 orders in $175M at a $1B+ valuation to supersize its food service software stack
The restaurant industry in the U.S. is expected to pass $1 trillion in sales for the first time this year, despite wider economic pressures on consumers. Now Restaurant365, a startup building tech to manage those businesses, has raised a hot round of $175 million to capitalize on that growth. The funding is being led by ICONIQ Growth with KKR and L Catterton also participating, all existing
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May 15 2024
News
Lydia, the French payments app with 8 million users, launches mobile banking app Sumeria
If you live in the U.S., chances are you use apps like Venmo and Cash App to pay back your friends or split the bills with your roommates. Lydia is a French startup that also turned payments into a mobile consumer app and service. Now, after reaching 8 million users, the company finds itself in an interesting position. Does it want to add more financial services to grow its average revenue per
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