Iconiq raises $5.15B toward seventh flagship fund
Iconiq Capital has raised $5.15 billion across two funds associated with the seventh growth fund family, according to SEC filings. The firm, which launched in 2011 as a private office managing capital of some of the most prominent and wealthiest people in tech, including Mark Zuckerburg and Jack Dorsey, originally
Read moreLuminar cuts 20% of staff and outsources lidar production
Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light” business model, as it aims to scale production. The cuts will affect around 140 employees, and are starting
Read moreHere’s the letter from 14 senators slamming TSA facial recognition in airports
Image: Getty Images The TSA’s been planning to expand facial recognition to a whopping 430 US airports over the next several years — but a bipartisan group of 14 senators is now challenging that. Facial recognition “poses significant threats to our privacy and civil liberties, and Congress should prohibit TSA’s
Read moreX launches Stories, delivering news summarized by Grok AI
X's Premium subscribers will be able to read a summary of posts on X associated with each trending story featured on the For You tab in Explore. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreMatch-owned Archer hits over half a million installs amid dating app slump
With Match and other online dating companies facing a downturn, Archer’s growth is certainly notable. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreThe reverse mullett model of software engineering
Ben and Ryan are joined by software developer and listener Patrick Carlile for a conversation about how the job market for software engineers has changed since the dot-com days, navigating boom-and-bust hiring cycles, and the developers finding work at Walmart and In-N-Out. Plus: “Party in the front, business in the
Read moreMusk raises $6B for AI startup. Also, is TikTok dodging Apple’s commissions?
Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is closing in on a whoppin’ $6 billion funding round. The social network X, née Twitter —
Read moreThree things we learned about Apple’s AI plans from its earnings
Despite spending more than $100 billion on R&D over the last five years, Apple isn't planning to spin up too many new data centers to run or train AI models. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreFisker stiffed the engineering firm developing its low-cost EV and pickup truck, lawsuit claims
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck market. In the weeks that
Read moreInstagram now lets you post a secret Story that viewers can uncover with a DM
Instagram is adding a handful of new features for Stories to give users more creative ways to share content and engage with each other, the company announced on Friday. Most notably, the social network is introducing a new “Reveal” feature that lets you post a hidden Story for your followers
Read more