Self-driving truck startup Aurora Innovation raises $483M in share sale ahead of commercial launch
Self-driving technology company Aurora Innovation was hoping to raise hundreds of millions in additional capital as it races toward a driverless commercial launch by the end of 2024. The company, which had arranged to sell up to $420 million worth of shares, exceeded its goal and raised $483 million. The newly
Read moreFTC and Justice Department sue TikTok over alleged child privacy violations
The U.S. Federal Trade Commission and the Justice Department are suing TikTok and ByteDance, TikTok’s parent company, with violating the Children’s Online Privacy Protection Act (COPPA). The law requires digital platforms to notify and obtain parents’ consent before collecting and using personal data from children under the age of 13.
Read moreAcquiring AI talent wholesale
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. This week we are looking at acquisitions of small startups, two new unicorns, wearable AI devices, and VCs who are supporting Kamala Harris. Let’s get into it. Most interesting startup stories from
Read moreCharacter.AI CEO Noam Shazeer returns to Google
In a big move, Character.AI co-founder and CEO Noam Shazeer is returning to Google after leaving the company in October 2021 to found the a16z-backed startup. In his previous stint, Shazeer spearheaded the team of researchers that built LaMDA (Language Model for Dialogue Applications), a language model that was used for conversational AI
Read moreAdept Materials’ dehumidifying paint was inspired by trees and semiconductors
The startup developed a two-material system that helps homes self-regulate their internal humidity. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreYelp’s lack of transparency around API charges angers developers
When the developers replied to the July 19 email, Yelp sent a deck of pricing tiers with base pricing starting from $229 per month for a limit of 1,000 API calls per day. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreCloud infrastructure revenue approached $80 billion this quarter
The cloud infrastructure market has put the doldrums of 2023 firmly behind it with another big quarter. Revenue continues to grow at a brisk pace, fueled by interest in AI. Synergy Research reports revenue totaled $79 billion for the quarter, up $14.1 billion or 22% from last year. This marked
Read moreTechCrunch Minute: Why did Wiz walk away from $23 billion?
As widely reported, Wiz recently said no to a $23 billion acquisition offer from Google. At that price, it would have been Google’s biggest acquisition ever. It’s possible the Google team got cold feet during due diligence, or there may have been concerns that regulators would have challenged an acquisition
Read morePharma giant Cencora is alerting millions about its data breach
The pharma giant won't say how many patients were affected by its February data breach. A count by TechCrunch confirms that over a million people are affected. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreBank Your Time with Effortless Online Shopping
Discover the ultimate online shopping experience with Avo SuperShop. Shop conveniently, earn rewards, and enjoy secure payments with this top-rated app. Shop Smartly: Explore a wide range of products and brands in Avo’s extensive online store. From electronics and fashion to home essentials and groceries, find everything you need in
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