OpenAI secured more billions, but there’s still capital left for other startups

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week once again brought us AI funding news, as well as some warnings: Some categories and stages are showi…Read More

Detroit startup Grounded has a Lego-like way of designing EV vans for small businesses

When Also Capital managing partner Mike Annunziata walks around New York City these days, he sees lots of vans — and opportunity. It’s something he admits he never noticed until he met former SpaceX engineer Sam Shapiro, who is the founder of a new…Read More

The Browser Company launches Arc Search on Android

The Browser Company, the startup behind the alternative web browser Arc, announced on Thursday it’s launching its Arc Search browser on Android in open beta in a move to become a cross-platform app. Arc, already had apps in the Apple ecosystem until last year, then launched a Windows client in…Read More

Waymo’s next robotaxi will be the Hyundai IONIQ 5

Waymo has struck a deal with Hyundai to bring the IONIQ 5 EV to its robotaxi network, adding another autonomous vehicle option as it scales up its business. The autonomous vehicle company announced Friday that it expects to start on-road testing a Waymo-equipped IONIQ 5 by late 2025, with the AV b…Read More

Even the ‘godmother of AI’ has no idea what AGI is

Are you confused about artificial general intelligence, or AGI? It’s that thing OpenAI is obsessed with ultimately creating in a way that “benefits all of humanity.” You may want to take them seriously since they just raised $6.6 billion to get closer to that goal. But if you’re still won…Read More

Even the ‘godmother of AI’ has no idea what AGI is

Are you confused about artificial general intelligence, or AGI? It’s that thing OpenAI is obsessed with ultimately creating in a way that “benefits all of humanity.” You may want to take them seriously since they just raised $6.6 billion to get closer to that goal. But if you’re still won…Read More

A co-lead on Sora, OpenAI’s video generator, has left for Google

One of the co-leads on OpenAI’s video generator, Sora, has left for Google. Tim Brooks, who was heading development on Sora with William Peebles, announced in a post on X that he’ll be joining Google DeepMind, Google’s AI research division, to work on video generation technologies a…Read More

Announcing the final agenda for the Fintech Stage at TechCrunch Disrupt 2024

We’re incredibly excited to announce the final agenda for our dedicated Fintech Stage at TechCrunch Disrupt 2024. It joins Space, SaaS, AI and Builders as the other industry-focused stages — all under one big roof. As the fintech industry evolves, new opportunities abo…Read More

Initialized Capital restructures, and lets multiple partners go

Initialized Capital is restructuring its team to “meet the moment” in the venture market, according to a blog post from the firm’s managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by Alexis Ohanian, Garry Tan, and Harjeet Taggar,…Read More

OpenAI also secured a massive credit line

In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $10 billion in liquidity, which gives us the fle…Read More

Tesla’s Cybertruck racks up fifth recall in under a year

Tesla’s 2024 Cybertrucks have been on the road for less than a year and they’ve already been recalled five times, as of Thursday.  This time, it’s because the rearview camera image may be delayed by two seconds after shifting into reverse, and the display may appear blank for up to eight se…Read More

Google pilots blocking some sideloaded apps in India

Google has announced that it is blocking the installation of certain apps automatically from getting sideloaded on Android devices in India.
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Google Maps will show AI-powered review summaries in India

Google is adding new AI-powered features on Maps in India including AI-powered summaries, the ability to search for experiences, and weather alerts. The Maps app will analyze reviews and show summaries of places, it said. The company made the announcement at its annual Google for India…Read More

WP Engine sues Automattic and WordPress co-founder Matt Mullenweg

Hosting provider WP Engine has filed a lawsuit against Automattic and WordPress co-founder Matt Mullenweg, accusing them of extortion and abuse of power. The lawsuit comes after nearly two weeks of tussling between Mullenweg, who is also CEO of Automattic, and WP Engine over t…Read More