French startup Carbonfact believes that the best carbon accounting solutions will focus on one vertical. That’s why the company has decided to provide a carbon management and reporting tool for the fashion industry exclusively. And Carbonfact recently raised a $15 million funding round led by Alven, the French VC firm that led Carbonfact’s seed round … Read more
The National Institute of Standards and Technology (NIST), the U.S. Commerce Department agency that develops and tests tech for the U.S. government, corporations and the broader public, today announced the launch of NIST GenAI, a new program spearheaded by NIST to assess generative AI technologies, including text- and image-generating AI. A platform designed to evaluate … Read more
TechCrunch recently broke the news that Elon Musk’s xAI is raising $6 billion at a pre-money valuation of $18 billion. The deal hasn’t closed yet, so the numbers could change. But it sounds like Musk is making an ambitious pitch to investors about his 10-month-old startup — a rival to OpenAI, which he also co-founded … Read more
Meta’s Threads social network passed the 150 million monthly users mark recently, but the company is not slowing down its growth engine. To increase engagement, the social media giant is running a limited-time bonus program for Threads. Over the last few days, many accounts have posted about this program. The company confirmed to TechCrunch about … Read more
Flipping houses is not for the faint of heart, no matter how fun or easy HGTV might make it seem. One startup wants to make the process less complicated by offering a different way to borrow money to fund such a purchase. Founded in late 2020, Backflip offers a service to real estate investors for … Read more
Ola has let go its chief executive Hemant Bakshi, merely four months after making the appointment, and is cutting about 180 additional jobs, a source familiar with the matter told TechCrunch. The move from the Indian ride-hailing startup is aimed at “improving profitability,” its founder and chairman Bhavish Aggarwal told employees in an email Monday … Read more
When IBM announced its intention to acquire HashiCorp for $6.4 billion on Wednesday at market close, it was easy to conclude that the two companies should fit well together, but a deal comes down to more than strategy. It also comes down to the financials. The question is whether this acquisition holds up to scrutiny … Read more
Act fast! Applications for our Call for Content close today, April 26 at 11:59 p.m. PT. If you’re a seasoned startup pro ready to lead a session at TechCrunch Disrupt on October 28-30, now’s your chance to apply! Send in your proposal to speak at TechCrunch Disrupt 2024 before the deadline hits. Your topic should … Read more
Jeff Lawson, the co-founder and recently departed CEO of enterprise infrastructure software company Twilio, is the proud new owner of satirical online newspaper The Onion. “Alright, the news is out — yes, I bought The Onion,” Lawson wrote in a LinkedIn post earlier today, after it first emerged in The New York Times yesterday. The … Read more
Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food … Read more
