Nearly every founder has the same concern: how can they ensure their startup has enough cash to deliver on its promise. For most, that means wooing venture capitalists early and often, trading equity in the company and board seats for cash to keep the lights on. For Teague Egan, it also means courting retail investors. […]
Amazon closes more of its cashierless convenience stores
Amazon continues to scale back efforts around its cashierless checkout technology, Just Walk Out. The e-commerce giant closed three of its Go convenience stores in New York last week, The Information confirmed on Friday, leaving just 17 across the nation. (Amazon notes it recently opened one in Washington.) These convenience stores use AI systems to […]
Fisker faces SEC investigation as bankruptcy case drags on
Bankrupt EV startup Fisker is under investigation by the U.S. Securities and Exchange Commission, according to a new filing from the financial regulator. The SEC says in the filing it has sent multiple subpoenas to Fisker as part of the investigation, and that it may send more. The agency does not say what the investigation […]
Ashton Kutcher, Effie Epstein, and Guy Oseary are coming to TechCrunch Disrupt 2024
Last year, Sound Ventures, the 9-year-old, Beverly Hills, California-based venture firm led by general partners Ashton Kutcher, Guy Oseary, and Effie Epstein, announced a new $ 265 million AI fund that was betting big on large language model companies, including OpenAI, Anthropic, and Hugging Face. In fact, the plan was to invest in just six […]
GM is working on an eyes-off, hands-off driving system
Seven years ago, GM became the first automaker to offer hands-free driving when it rolled out its Super Cruise advanced driver assistance system. Now, it’s looking to push that capability even further with a system that would allow drivers to keep their eyes off the road too, according to one of GM’s top software executives. […]