AI Giants Experiencing Major Upheavals: A Weekly Recap of Startup News

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. For the low, low price of being a Robinhood Gold member (because who doesn’t want to pay $5 a month for the privilege of spending more money? Robinhood unveiled its Gold Card, a credit card so packed with features it might just make Apple Card users pause for a hot second. For the low, low price of being a Robinhood Gold member (because who doesn’t want to pay $5 a month for the privilege of spending more money? Trend of the week: Transportation troubleThe New York Stock Exchange has given EV startup Fisker the boot, citing its “abnormally low” stock prices.

Welcome to Startups Weekly

Your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday.

Not Much News, But Plenty of Prep for TechCrunch Early Stage

It’s been a relatively quiet week, but behind the scenes, we’ve been hard at work preparing for TechCrunch Early Stage in Boston on April 25. This event is going to be one for the books, and there’s still time to grab early-bird tickets if you’re quick!

Most Interesting Startup Stories From the Week

Here are some of the most compelling startup stories from this week:

  • Stability AI bids adieu to founder and CEO Emad Mostaque, who’s chasing the decentralized AI dream.
  • Microsoft orchestrates a heist, snagging co-founders and staff of Inflection AI for $650 million.
  • Facebook (now Meta) caught red-handed with its digital hands in the Snapchat cookie jar.
  • Robinhood unveils its Gold Card, a credit card so packed with features it might make Apple Card users pause.
  • Is Nvidia the next AWS? The accidental hero stumbles upon its core business, just like Amazon did with AWS.

Trend of the Week: Transportation Trouble

Things are not looking good for the transportation industry:

  • The New York Stock Exchange gives EV startup Fisker the boot, citing “abnormally low” stock prices.
  • Arrival’s scraps may save Canoo, as the bankrupt company sells leftover assets.
  • Ousted founder of Lordstown Motors settles with SEC over misleading investors about demand for its flagship electric pickup truck.
  • Tesla to offer one-month trial of its $12,000 driver-assistance system to all customers in the U.S.

Most Interesting Fundraises This Week

Here are some of the most notable fundraises from this week:

  • Super{set} adds $90 million to its war chest, doubling down on its bet on data and AI-driven enterprise startups.
  • Blueground continues to gobble up competition in the nomadic working space with a $45 million Series D round.
  • Wase engineers a compact system that turns by-products from breweries and food processors into biogas.
  • New Summit Investments eyes a $100 million target for its latest impact investing fund.
  • Ionobell, a seed-stage startup, claims its silicon material will make electric vehicle batteries cheaper and more efficient.

Other Unmissable TechCrunch Stories

Here are a few other stories you won’t want to miss:

  • Every week, there’s always a few stories that don’t fit into one specific category:
  • Remember to use <p> tags for paragraphs, <blockquote> for quotes, <ul> or <ol> for lists, and appropriate tags for any other elements.
  • The goal is to create a well-structured, easily readable HTML version of the article with a new perspective.
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Dylan Williams

Dylan Williams is a multimedia storyteller with a background in video production and graphic design. He has a knack for finding and sharing unique and visually striking stories from around the world.

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