Shared electric scooters came onto the scene five years ago with a promising vision of getting people out of cars and onto greener modes of transportation. Yet despite billions in VC money and plenty of hype, the future that micromobility companies promised still hasn’t quite arrived. In cities like Paris, most people aren’t replacing car…
Shared electric scooters came onto the scene five years ago with a promising vision of getting people out of cars and onto greener modes of transportation. Yet despite billions in VC money and plenty of hype, the future that micromobility companies promised still hasn’t quite arrived. In cities like Paris, most people aren’t replacing car…
Fidelity, which was among the group of outside investors that helped Elon Musk finance his $44 billion takeover of Twitter, has slashed the value of its stake in Twitter by 56%. The recalculation comes as Twitter navigates a number of challenges, most the result of chaotic management decisions — including an exodus of advertisers from…
Fidelity, which was among the group of outside investors that helped Elon Musk finance his $44 billion takeover of Twitter, has slashed the value of its stake in Twitter by 56%. The recalculation comes as Twitter navigates a number of challenges, most the result of chaotic management decisions — including an exodus of advertisers from…
Fidelity, which was among the group of outside investors that helped Elon Musk finance his $44 billion takeover of Twitter, has slashed the value of its stake in Twitter by 56%. The recalculation comes as Twitter navigates a number of challenges, most the result of chaotic management decisions — including an exodus of advertisers from…
The first open-source equivalent of OpenAI’s ChatGPT has arrived, but good luck running it on your laptop — or at all. This week, Philip Wang, the developer responsible for reverse-engineering closed-sourced AI systems including Meta’s Make-A-Video, released PaLM + RLHF, a text-generating model that behaves similarly to ChatGPT. The system combines PaLM, a large language…
Interoperability and decentralization have been major themes in tech this year, driven in large part by mounting regulation, societal and industrial pressure, and the hype trains that are crypto and web3. That rising tide is lifting other boats: an open standards-based communication protocol called Matrix — which is playing a part in bringing interoperability to…
In 2014, Prayank Swaroop made a pitch to the storied venture firm Accel, where he worked as an associate, about future marketplaces in India. At the time, Flipkart and Snapdeal were the only two e-commerce startups in India that had shown a semblance of scale. Swaroop made a case that as more Indians come online,…
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. We’re almost there, folks. It’s the last Thursday of 2022, and today we have some news for you out of Alibaba and Spotify, as well as some crypto news out of India.…
The grocery delivery company reportedly suffered a 75% valuation cut compared to its $39B peak As much as we like to end the year with some good news, what we are hearing from grocery delivery company Instacart is not exactly that. According to The Information, citing “two people familiar with the situation,” Instacart has cut…
