Sub-Saharan Africa’s share of the global population without access to electricity stood at 77% in 2020, according to reports. Also, the average daily electricity supply in some of Africa’s largest cities is less than 12 hours. As a result, individuals and businesses find other options and substitutes, such as generators, to deal with their power…
Tesla held its annual shareholder meeting, which the company now refers to as its Cyber Roundup, Thursday at the Tesla Gigafactory Texas. The Cyber Roundup comes just a couple of weeks after Tesla reported its Q2 earnings, which showed quarterly revenue declines caused by production challenges, even as the company grew year-over-year. The agenda had 13 shareholder…
There’s around 250,000 hair and beauty professionals working across the U.K., and Glambook wants to be the sharing economy platform that takes care of them. The company recently raised $2.5 million at a $12 million valuation, and I managed to talk it into letting me share its pitch deck with you to see how the…
Twitter announced today that all businesses with professional accounts can now display their location address, hours of operation and additional contact information on their profiles via its Location Spotlight feature. The social network says the feature also gives customers a way to reach businesses directly via phone, text, email or DMs. Prior to the expansion,…
Pony.ai, a Chinese autonomous vehicle company valued at $8.5 billion as of late, has sued two former employees over alleged trade secret infringement. The lawsuit is arriving months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the U.S., resigned to start a competitor called Qingtian Truck.…
TechCrunch Disrupt is back, in person on October 18–20 in San Francisco, and we want to remind university and college students that one minute can change the trajectory of your startup dreams. How? The possibility begins when you apply to the TechCrunch Student Pitch Competition (powered by Blackstone LaunchPad). Here’s how it works: Record a…
EV automaker Lucid Motors on Wednesday slashed its annual production guidance in half due to what CEO Peter Rawlinson described as “extraordinary supply chain and logistics challenges.” Shares of Lucid fell more than 12% in after-market trading following the release of its second-quarter earnings, in which it provided the production guidance. Lucid lowered its production…
Although the mobile app boom driven by pandemic lockdowns has long since passed, consumers’ mobile usage is still growing. According to new data released today by app intelligence firm data.ai (previously App Annie), consumers in over a dozen worldwide markets are now spending four to five hours per day in apps. While the daily time…
Solana, an increasingly popular blockchain known for its speedy transactions, has become the target of the crypto sphere’s latest hack after users reported that funds have been drained from internet-connected “hot” wallets. An unknown actor drained funds from 7,767 wallets on the Solana network as of 5am UTC on Wednesday, Solana’s Status Twitter account said. However, blockchain…
Autonomous trucking company TuSimple used its second-quarter earnings call to address an April crash during which one of the company’s autonomous trucks suddenly veered across the I-10 highway in Tuscon, slamming into a concrete barricade. The crash first came to light via a YouTube video that showed footage of the crash along with a letter…
