Twitch to shut down in Korea over ‘prohibitively expensive’ network fees
Twitch plans to shut down its business in South Korea on February 27, it said, after finding that operating in one of the world’s largest esports markets is “prohibitively expensive.” In a blog post, Twitch CEO Dan Clancy said the firm undertook a “significant effort” to reduce the network costs
Read moreAvenir seeks to raise $800M for new fund
Avenir Growth Partners is seeking to raise $800 million for its fifth fund, it disclosed in a securities filing, two years after it began the paperworks for raising its IV fund. It ended up raising about $780 million for the fourth fund, it disclosed in a filing earlier this year.
Read moreDiscord reimagines its mobile app to showcase its best social features
Discord launched a major refresh of its mobile app on Tuesday, putting messaging front-and-center while making a host of small improvements that users have been asking for. Inspired by user feedback, the redesigned app tailors the mobile Discord experience for on-the-go use compared to its popular desktop app, while changing things
Read moreDid you attend Google’s K&I Black Summit this summer?
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Read moreElon Musk is looking to raise $1 billion for xAI
Elon Musk is looking to raise 1/44 of a Twitter for his AI company, xAI. In other words, the man behind Tesla, SpaceX and X is seeking $1 billion in funding for his next venture. According to an SEC filing, Musk has raised about $135 million so far from four
Read moreExpense management startup Navan cuts staff to find profitability ahead of delayed IPO
Navan, an expense management startup once known as TripActions, has laid off 5% of its staff, or 145 people, a spokesperson confirmed to TechCrunch today. The Information first broke the news. “Navan has recorded strong growth over the past three years despite the challenges affecting our industry,” the spokesperson wrote
Read moreGrand Theft Auto VI trailer breaks MrBeast’s record for most YouTube views in 24 hours
In just 22 hours, the first trailer for Grand Theft Auto VI has racked up 85 million views, breaking a MrBeast video’s record for most YouTube views in 24 hours. That ranking excludes music videos, but the hype around this long-awaited game could smash past those records too — right
Read moreElon Musk’s xAI company is seeking up to $1 billion in investments
Illustration by Kristen Radtke / The Verge; Getty Images xAI — the AI company founded by Elon Musk — seeks to raise up to $1 billion in equity investments, according to a filing with the Securities and Exchange Commission (as spotted by CoinDesk). The company has raised $134.7 million so
Read moreFiat’s new EV looks like the anti-Cybertruck
Last week, Tesla dropped details on the Cybertruck and maxed-out Cyberbeast. After all that talk of supersized trucks, the North American release of the Fiat 500e buggy hits like a frosty mug of ice water. Fiat’s owner, Stellantis, said it would bring the popular li’l EV to North America next
Read moreAmazon’s Project Kuiper: Using LEOs to eliminate the digital divide
It is called Project Kuiper and last week at AWS re:Invent 2023, it was hailed by Amazon Web Services (AWS) chief executive officer (CEO) Adam Selipsky as a technology breakthrough that will “provide coverage in places that have had never had coverage before.” Selipsky made the statement during the conclusion
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