Rivian has a challenging year ahead — and the first quarter is off to a tepid start.
Both of those figures are down from the fourth quarter of 2023, where it built 17,541 and shipped 13,972.
Rivian did signal that it plans to make roughly the same number of EVs as it did in 2023.
Producing and selling vehicles, which includes the R1S SUV, R1T pickup and two versions of a commercial electric van, has never been the company’s only challenge.
Tesla reported its own very weak first quarter sales on Tuesday.
Yahoo is acquiring Artifact, the AI-powered news app from Instagram’s co-founders Kevin Systrom and Mike Krieger, the company announced on Tuesday.
Artifact will no longer operate as a standalone app, and its proprietary AI-powered personalization technology will be integrated across Yahoo, including the Yahoo News app in the coming months.
Although Artifact started off as a simple news app, the end result seemed more like a Twitter replacement.
Artifact’s technology surfaces content users want to see and becomes more attuned to their interests over time.
As a result, users receive a personalized feed of news stories that they want to read.
Odd Ball, the ball-shaped music instrument, is adding new gestures so you can become a house DJOdd Ball is a company that makes fun electronic bouncy balls that let you generate MIDI sounds by tapping or bouncing them.
With the most recent app update, the company also lets you be the DJ at a house party with these gestures.
The app will generate sound based on how hard or fast you spin or shake the ball.
While Odd Ball hasn’t raised any institutional money, it has some advisors on the board.
Odd Ball is working on a version of the ball with multiple RGB LEDs for a new interaction dimension.
In 2023, higher egg prices provided an opportunity for alternative protein companies to show they could compete with traditional egg manufacturers.
At this capacity, Onego Bio is close to reaching competitive price points to traditional ways of making egg proteins, she added.
Onego Bio claims Bioalbumen is “bioidentical” to ovalbumin, which is the major protein in chicken egg white.
In preparation for this, Onego Bio recently secured $40 million in Series A funding to get Bioalbumen to market and increase manufacturing capabilities.
Tomosaku Sohara, managing partner of Nordic Ninja said in a statement: “Onego Bio is taking all the right steps to commercialize in record time … with a clear path to industrialization, go-to-market and profitability.
OpenAI CEO Sam Altman has transferred formal control of the eponymously firm’s named corporate venture fund to Ian Cathaway, OpenAI confirmed to TechCrunch.
The Open AI Startup Fund, launched in 2021, was initially set up with Altman as its named controller.
Cathaway joined OpenAI in 2021 and played a key role managing the Startup Fund, leading investments in Ambience Healthcare, Cursor, Harvey, and Speak.
Last year, the fund had $175 million in commitments, and now holds $325 million in gross net asset value, according to an SEC filing.
The Startup Fund has backed at least 16 other startups, according to PitchBook data.
Former president Donald Trump’s digital media company is losing money, and lots of it.
But why is that any different from other “startups,” which often struggle to post a profit for years, if they ever do?
Truth Social, the main business of TMTG, has failed to attract more than a few million users.
Truth Social, the main business of TMTG, has failed to attract more than a few million users.
By the time Trump is able to sell his shares, it’s likely this company will be worth anything like what it supposedly is today.
At Early Stage in Boston, Massachusetts, on April 25, 2024, TechCrunch will gather some of the startup world’s leading companies — but our partners provide more than just financial support.
Their presence at Early Stage gives new and prospective founders the tools, knowledge and community they need to build a successful startup.
More passionate partners at TechCrunch Early Stage 2024Head to the Expo floor and get your meet-and-greet on with these four partners.
We could not be happier to also welcome Startup Station, PowerUp, Visible Hands, and 500 Global — and the expertise they bring — to Early Stage.
Thank you to all our sponsors for their support of Early Stage and the startup community.
Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This is our Monday show, where we dig into the weekend and take a peek at the week that is to come.
We’ll talk more about Wednesday, but this is Y Combinator Demo Day week, so expect a deluge of startup news.
On the podcast today we dug into the latest news from Discord that indicates it is moving towards opening its gates for advertisements.
Equity is TechCrunch’s flagship podcast and posts every Monday, Wednesday and Friday, and you can subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation.
Remember in the last edition of TechCrunch Mobility, when I wrote that the wheels were starting to come off the Fisker bus?
Deal of the weekIt ain’t easy being an executive at an EV startup these days.
Amid all of the EV startup bankruptcies and other bleak goings-on, there was a bit of positive news.
It seems that Tesla is turning to FSD as another financial lever to pull as profits on automotive sales shrink.
This week, we’re looking at Robinhood’s new Gold Card, challenges in the BaaS space and how a tiny startup caught Stripe’s eye.
BaaS startup Synctera recently conducted a restructuring that affects about 15% of employees.
The startup is not the only VC-backed BaaS company to have resorted to layoffs to preserve cash over the past year.
MassMutual Ventures also participated in Qoala’s new $47 million round of funding.
It has more primary customers than ChaseInside a CEO’s bold claims about her hot fintech startup, which TC previously covered here.
