Category: Enterprise
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Mastodon sees a boost from the ‘X exodus,’ too, founder says
Decentralized social network Mastodon is also seeing some uplift from the X “exodus,” founder Eugen Rochko shared on the platform just ahead of the weekend. While the Twitter-like startup Bluesky has been capturing headlines and attention for its rapid adoption among former X users, a smaller group has apparently turned to the open source networking…
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Former TuSimple co-founder urges courts to block asset transfer to China
Xiaodi Hou, the co-founder and former CEO of self-driving trucking startup TuSimple, has urged a California district court to issue a temporary restraining order to stop the company from transferring its remaining U.S. assets to China, according to a recent court filing. Hou, who plans to apply for a temporary restraining order in December during…
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Trump’s pro-fracking energy secretary pick has also invested in geothermal and nuclear startups
Chris Wright has been a big booster of oil and gas, but he’s also no stranger to climate tech. © 2024 TechCrunch. All rights reserved. For personal use only. President-elect Donald Trump said on Saturday that he would be nominating Chris Wright, CEO of oilfield services company Liberty Energy, to the post of energy…
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OpenAI investor Josh Kushner praises Musk, despite Musk’s OpenAI lawsuit
Elon Musk may be suing OpenAI, accusing the ChatGPT maker of abandoning the company’s original mission as a nonprofit organization, but Josh Kushner, founder of Thrive Capital and one of the company’s key investors, has nothing but good things to say about the world’s richest man. “I have deep admiration and respect for Elon,” Kushner…
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Venture capitalists continue to play musical chairs
From Keith Rabois to Ethan Kurzweil, a lot of VCs have switched firms or spun out of storied VC institutions to launch their own funds this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general…
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Marlon Nichols talks relationship building in the African markets
Marlon Nichols took the stage at AfroTech last week to discuss the importance of building relationships when it comes to entering into a new market. “One of the first things you do when you go to a new market is you’ve got to meet the new players,” he said. “Like, what do people need? What’s…
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DoorDash’s app can now import your grocery list for faster shopping
While online grocery shopping is generally convenient, manually adding items to your cart one by one can become a bit of a chore. To address this, food and grocery shopping app DoorDash has launched a new feature that allows you to sync your grocery list to the app. The app will then suggest what to…
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Trump’s FCC pick has said he wants to ban TikTok, challenge Section 230
Though President-elect Donald Trump has been expected to stop the looming ban on TikTok, his political appointments suggest otherwise. Trump announced on Sunday that he selected Brendan Carr to chair the Federal Communications Commission (FCC), which regulates the internet, news media, and other forms of communication. Carr, whom Trump appointed to the FCC in 2017,…
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In 2023 VCs returned the lowest level of capital to their investors since 2011
It’s no secret that the venture capital industry is facing a liquidity crisis as IPOs and other exits remain few and far between after 2020 and 2021’s record-breaking years. Now, we have numbers that show just how bad it’s gotten. In 2023, the U.S. VC industry invested $60 billion more into startups than it collected…
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ServiceTitan names LLMs from Microsoft, OpenAI as risk factors
With ServiceTitan’s public IPO documents, we may be witnessing the birth of a new boilerplate warning: LLMs. © 2024 TechCrunch. All rights reserved. For personal use only. Every IPO S-1 prospectus includes a section listing all kinds risk factors for why its stock may not be a good buy. Many of them are boilerplate…