Lucid revises 2023 production amid softening demand for luxury EVs
Lucid has revised its 2023 production outlook amid softening demand for luxury electric vehicles, the company said Tuesday in its third-quarter earnings report. The EV maker said it will produce 8,000 to 8,500 vehicles by the end of the year, down from previous guidance of more than 10,000, to “prudently
Read moreRivian raises production forecast for 2023, narrows losses in Q3
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including raising its annual production guidance from 52,000 to 54,000 vehicles. The EV maker reported Tuesday after markets closed revenue of
Read moreRivian and Amazon are no longer exclusive
Rivian vans are no longer an Amazon exclusive. The automaker said on Tuesday that it will now let other companies buy its commercial electric vans, ending an exclusivity deal that Amazon secured when it pumped more than a billion dollars into Rivian in 2019. Both companies’ stock prices rose following
Read moreBuilding digital infrastructure for developing countries with Nasrat Khalid from Aseel
Host Becca Szkutak is joined by our old friend Darrell Etherington to talk with Nasrat Khalid of Aseel. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreRansomware was behind Toronto Public Library attack
Ransomware is behind last week’s cyber attack against the Toronto Public Library’s IT systems, a spokesperson has confirmed. Ana-Maria Critchley, the library’s manager of communications and stakeholder relations, made the confirmation in an email this morning. However, she wouldn’t comment on questions about how the incident started and how long
Read moreTC+ Roundup: Many Black founders are rooting for SVB
Before being known as the bank that collapsed, Silicon Valley Blank made a name for itself as a bank that helps support underrepresented founders. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreWithings Body Scan review: A smart scale that tracks cardio health, body comp and more
French health tech brand Withings has been around the block and some. These days it offers a range of fitness wearables and monitors. It was also an early mover in smart scales and is continuing to push the envelope here — with Body Scan, its current flagship scale (or “connected
Read moreGoogle, Meta, Discord, and more team up to fight child abuse online
Illustration by Amelia Holowaty Krales / The Verge A new program called Lantern aims to fight online child sexual exploitation and abuse (OCSEA) with cross-platform signal sharing between online companies like Meta and Discord. The Tech Coalition, a group of tech businesses with a cooperative aim to fight online child
Read moreCRTC forces large telcos to share fibre network with competitors, Bell pulls back on investments
At the 22nd Canadian Telecom Summit, the Canadian Radio-television Commission (CRTC) Chair, Vicky Eatrides, announced that large cable and telephone companies will have to share their fibre-to-the-home (FTTH) networks with competitors in order to increase competition and lower prices for customers. This ruling follows a public proceeding launched in March
Read more23andMe data theft prompts DNA testing companies to switch on 2FA by default
DNA testing and genealogy companies are stepping up user account security by mandating the use of two-factor authentication, following the theft of millions of user records from DNA genetic testing giant 23andMe. Ancestry, MyHeritage, and 23andMe have begun notifying customers that their accounts will use two-factor (2FA) by default, a
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