Tesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production put pressure on profits in the fourth quarter, according to earnings reported Wednesday. While the company has managed to continue to expand sales — hitting a record delivery of 1.8 million EVs in 2023, it hasn’t translated…
Meta has lost a claim in its legal battle with an Israeli tech firm, Bright Data, which it sued last year for scraping data from Facebook and Instagram via the web. The tech giant, which has a long history of suing data scraping businesses, claimed that Bright Data’s data harvesting was a violation of its…
A fledgling Dutch startup wants to help companies extra data from large volumes of complex documents where accuracy and security is paramount — and it has just secured the backing of Google’s Gradient Ventures to do so. Send AI, as the startup is called, is taking on established incumbents in the document processing space such…
Aniai, a startup that has built a burger-grilling robot, Alpha Grill, said today it has raised $12 million, bringing its total raise to $15 million. The money will go toward launching its first manufacturing facility, Factory One, in South Korea. The firm will also be deploying a cloud-based AI software platform for the robot called…
Epic’s standalone survival crafting game saw its first update on Tuesday, smoothing out some of the new game’s rough edges and adding a flurry of quality of life improvements. We’ve covered Lego Fortnite since it launched last month, when the new title lured in 2.4 million simultaneous players. On the face of it the game…
Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners and Evolution Equity Partners. Bringing the company’s total raised to $120, the new cash will be put toward expanding Torq’s platform,…
Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch. The Bengaluru-headquartered startup, once India’s most valuable, is looking to raise $100 million to $300 million in new funding via a rights issue, according to…
Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans. The link to the draft rules was no longer accessible as of this morning, as first reported by Reuters. Shares of…
Apple announced today that Apple Music subscribers now have access to collaborative playlists with the launch of iOS 17.3. As its name suggests, the new feature lets users collaborate on playlists with friends and family. Users can invite each other to select tracks for a shared playlist. The feature also lets you use emoji to…
A bug on X, formerly Twitter, was causing numerous posts over the weekend to be flagged as “Sensitive Media,” thwarting the company’s own attempts to make its platform more approachable to advertisers. According to the X Safety account in a post, the issue has now been fixed and the team is working on removing the…
