Tesla has off Autopilot, its basic driver-assistance system, as the company tries to adopt a more advanced version of the technology it calls full self-driving (supervised). The decision comes as the company faces a 30-day suspension of its manufacturing and dealer licenses in California, its largest US market. A judge ruled in December that Tesla … Read more
Kais Khimji has spent most of his professional career as a venture investor, including six years as a partner at prominent VC firm Sequoia Capital. But just like other former Sequoia partners—including David Velez, who founded Brazilian digital bank Nubank—Khimji (pictured left) has always wanted to be a startup founder. On Thursday, he announced that … Read more
Defense Technology Institute Anduril on Thursday announcement Its plan to expand its presence in Southern California includes a main campus in Long Beach, the coastal city where founder Palmer Lukey grew up. The expanded campus will eventually support about 5,500 jobs. Lucky told TechCrunch that these will be new jobs, not transfers from other operations. … Read more
OpenAI has reshuffled some of its leadership and hired a familiar face to sell AI to business customers as the company looks to catch up to its rivals in 2026. The company has hired Barrett Joffe to lead its AI sales efforts, according to Reporting from datacites an internal OpenAI memo. TechCrunch has reached out … Read more
Vimeo, the video-hosting platform, is laying off some of its global staff, according to A report From Business Insider. Action came shortly after Company acquisition by Italian tech company Bending Spoons, which bought it last year for $1.38 billion in an all-cash deal. Bending Spoons confirmed the layoffs to BI but would not share how … Read more
General Motors is changing where its vehicles are made in a move that will shift production out of China and Mexico and into a U.S. factory in Kansas. That change will mean the end of its rebooted Chevrolet Bolt EV, the only vehicle currently built at the Fairfax Assembly Plant in Kansas. The factory musical … Read more
When a unicorn stumbles across Silicon Valley, there’s a sense of schadenfreude. So when the WSJ broke the news Thursday afternoon that Capital One will acquire Brax for $5.15 billion in cash and stock (Capital One issued a Official release Thirty minutes later, confirming the details), you can practically hear the collective snickering from Sand … Read more
The open source project has creators of VLLM announcement That they turned the popular tool into a VC-backed startup, Infract, raised $150 million in seed funding at an $800 million valuation. The round was co-led by Andreessen Horowitz and Lightspeed Venture Partners, TechCrunch confirmed. Previous reporting That vLLM raised capital from a16z. Inferact’s debut mirrors … Read more
LiveKit, developer of infrastructure software for real-time AI voice and video applications announcement A $100 million increase in funding at a $1 billion valuation. Round, which comes ten months after LiveKit Previous FundraisingIndex Ventures was led with participation from existing investors including Altimeter Capital Management, Hanabi Capital and Redpoint Ventures. LiveKit powers OpenAI’s ChatGPT voice … Read more
It’s been almost two years since Microsoft CEO Satya Nadella made the prediction AI will replace knowledge work — White-collar jobs held by lawyers, investment bankers, librarians, accountants, IT and others. But despite the huge advances made by foundational models, the shift to knowledge work has been slow. Models have mastered deep research and agentic … Read more