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Geoffrey Hinton Celebrates Nobel Win and Ilya Sutskever's Bold Move

Geoffrey Hinton Celebrates Nobel Win and Ilya Sutskever's Bold Move

Geoffrey Hinton, recognized as the 'godfather of AI,' recently accepted a Nobel Prize for his groundbreaking work on artificial neural networks. In a spirited speech, Hinton commended his former student Ilya Sutskever for his controversial decision to fire OpenAI's CEO, Sam Altman, a move that sparked significant discussions about AI safety. Although Hinton viewed this as a triumph for AI ethics, the situation quickly evolved, with Altman regaining substantial control at OpenAI and potentially gaining equity. Hinton's remarks underscore the ongoing tensions in the AI landscape.

Created at: October 9, 2024 6:00pm

Palantir Acquires Nearly 9% Stake in Struggling EV Startup Faraday Future

Palantir Acquires Nearly 9% Stake in Struggling EV Startup Faraday Future

Palantir Technologies has secured an 8.7% stake in electric vehicle startup Faraday Future, as disclosed in a recent SEC filing. The data-mining firm received over 800,000 shares as part of a settlement for unpaid services dating back to 2021, valued at approximately $2.4 million. This ownership comes after Faraday Future's financial struggles, having only delivered a dozen cars. The companies previously partnered during Faraday's SPAC merger, but disputes over payments led to arbitration. A settlement was reached in March 2024, stipulating stock payments to Palantir.

Created at: October 9, 2024 5:00pm

Alan Expands to Canada: First New Health Insurance Company in 70 Years

Alan Expands to Canada: First New Health Insurance Company in 70 Years

Alan, the French health insurance startup, has announced its expansion to Canada, marking the first new health insurance company to enter the market since 1957. The company, which treats health insurance as a software-as-a-service product, aims to enhance consumer satisfaction with its mobile app features. Alan has raised €173 million in its Series F funding and plans to hire 50 local experts in Canada. With 55 Canadian companies showing interest, Alan aims to onboard customers starting January 2025, bringing its innovative approach to a largely uncompetitive market.

Created at: October 9, 2024 4:30pm

Plex Introduces Movie and TV Show Reviews Feature to Boost Social Engagement

Plex Introduces Movie and TV Show Reviews Feature to Boost Social Engagement

Plex has launched a new feature for movie and TV show reviews, enhancing its app's social networking capabilities following a $40 million fundraising earlier this year. Users can now share reviews with friends and friends of friends, building on the previous 'Discover Together' feature. Initially, reviews will be limited to users' networks, with plans for broader sharing in the future. Access requires a verified email, and privacy settings will remain intact. Plex aims to transform from a streaming platform into a vibrant community for entertainment enthusiasts.

Created at: October 9, 2024 4:30pm

Meta AI Expands to Six New Countries, Eyes Global Dominance

Meta AI Expands to Six New Countries, Eyes Global Dominance

Meta has officially launched its AI chatbot, Meta AI, in six new countries including Brazil and the U.K. This expansion is part of a wider rollout that will eventually cover 43 countries and support over a dozen languages. Mark Zuckerberg announced plans to include regions in the Middle East and Southeast Asia, enhancing language support with Arabic and Vietnamese. Currently, Meta AI boasts nearly 500 million users, with India being its largest market. New features such as celebrity voices and enhanced photo editing capabilities have also been introduced.

Created at: October 9, 2024 3:31pm

Baidu Expands Apollo Go Robotaxi Service Globally

Baidu Expands Apollo Go Robotaxi Service Globally

Baidu, China's leading tech giant, announced plans to expand its Apollo Go robotaxi service beyond China, targeting markets including Hong Kong, Singapore, and the Middle East. The company aims to enhance its competitive edge against domestic autonomous vehicle challenges, such as high costs and intense competition. Baidu's strategy involves forming partnerships with automotive giants like Hyundai and Nissan to advance connected car technologies. While the exact markets for expansion remain undisclosed, Japan is also considered a potential destination. This move reflects Baidu’s commitment to global growth in the autonomous vehicle sector.

Created at: October 9, 2024 3:31pm

Amazon Unveils AI-Powered Package Retrieval Tech for Delivery Drivers

Amazon Unveils AI-Powered Package Retrieval Tech for Delivery Drivers

Amazon has announced a new AI-assisted technology for its delivery fleet, called Vision-Assisted Package Retrieval (VAPR). This innovative system uses visual cues to help drivers identify which packages to deliver at each stop, significantly reducing delivery time. By utilizing green circles and red lights, the tech alerts drivers about the designated packages, complemented by audio cues for accuracy. The VAPR system will debut on 1,000 electric Rivian vans by early 2025, following successful testing in cities like Boston. This development aims to streamline the delivery process and eliminate the need for handheld devices.

Created at: October 9, 2024 3:30pm

Top 5 Reasons to Attend TechCrunch Disrupt 2024

Top 5 Reasons to Attend TechCrunch Disrupt 2024

TechCrunch Disrupt 2024, scheduled for October 28-30 at Moscone West in San Francisco, promises to be a pivotal event for startups and VCs. Attendees can network with over 10,000 industry leaders and explore innovations at the Expo Hall. The event features six stages with insights from top experts in AI, Fintech, and more. Highlights include the Startup Battlefield 200 competition, hands-on sessions with industry leaders, and the new ScaleUp Startup Exhibitor Program. Participants will gain invaluable knowledge and make meaningful connections essential for professional growth.

Created at: October 9, 2024 3:00pm

Levy Health Launches to Transform Early Fertility Diagnosis for Women

Levy Health Launches to Transform Early Fertility Diagnosis for Women

Levy Health, co-founded by Caroline Mitterdorfer, aims to expedite the diagnosis of fertility issues in women through its innovative clinical decision support platform. The San Francisco-based startup helps physicians narrow down potential diagnoses based on patient questionnaires and lab results, leading to a 50% reduction in diagnosis time. After relocating from Germany to the U.S., Levy Health secured six B2B clients and has raised $4.5 million in seed funding. The company plans to enhance its technology and conduct clinical studies to validate its services in the growing fertility health market.

Created at: October 9, 2024 2:00pm

Billionaire Robinhood Co-Founder Launches Aetherflux, A Revolutionary Space Solar Power Startup

Billionaire Robinhood Co-Founder Launches Aetherflux, A Revolutionary Space Solar Power Startup

Aetherflux, founded by Robinhood co-founder Baiju Bhatt, aims to transform space-based solar energy by creating a constellation of satellites in low Earth orbit. These satellites will feature solar arrays and infrared lasers to transmit energy back to Earth. Bhatt, who has invested millions into the startup, envisions powering small neighborhoods with this technology. The first demonstration mission is planned for late 2025 or early 2026, with hopes of proving the viability of this innovative approach to solar power. Aetherflux could redefine energy transmission on a global scale.

Created at: October 9, 2024 1:30pm

Zap Energy Unveils Century: A Game-Changing Fusion Power Prototype

Zap Energy Unveils Century: A Game-Changing Fusion Power Prototype

Zap Energy has introduced its innovative fusion power prototype, Century, after securing $130 million in a Series D funding round. Unlike traditional methods, Century utilizes a unique sheared-flow-stabilized Z-pinch approach, compressing plasma with electric currents. The prototype, the size of a double-decker bus, aims to generate up to 50 megawatts of electricity. Key milestones include demonstrating continuous high-voltage pulses and ensuring the durability of its electrodes. With hopes of launching a commercial power plant by the early 2030s, Zap Energy is poised to revolutionize the fusion energy landscape.

Created at: October 9, 2024 1:30pm

Amazon Enhances Ring Subscriptions with AI-Powered Video Search Features

Amazon Enhances Ring Subscriptions with AI-Powered Video Search Features

Amazon is set to launch a revamped subscription model for its Ring video doorbells and cameras, introducing a new tier called Ring Home Premium on November 5. This premium service will offer 24/7 recording and AI-driven Smart Video Search, which allows users to search for specific events in their recorded footage. Existing Ring Protect Pro subscribers will receive a one-year trial of the new service, while new customers will face additional charges for professional monitoring. The changes come as Ring, under new CEO Liz Hamren, aims to maintain its position as a leading security provider.

Created at: October 9, 2024 1:30pm

Ex-Planetly Execs Launch AI-Driven Carbon Accounting Startup Forward Earth

Ex-Planetly Execs Launch AI-Driven Carbon Accounting Startup Forward Earth

Former Planetly executives Cari Davidson, Giuseppe Gentile, and Micha Schildmann have launched Forward Earth after their unsatisfactory exit from the carbon accounting startup acquired by OneTrust. The trio is leveraging AI to develop a platform aimed at smaller companies, which often lack access to costly consulting services. They recently secured €4.5 million in seed funding from Mosaic Ventures, Speedinvest, and Revent. Forward Earth aims to simplify CO2 footprint calculations and enhance supply chain transparency, addressing a gap in the market. The startup plans to expand its operations across Europe, the U.S., and Asia.

Created at: October 9, 2024 11:30am

Basecamp Research Secures $60M for Ambitious AI Project in Biology

Basecamp Research Secures $60M for Ambitious AI Project in Biology

Basecamp Research, a London-based startup, has raised $60 million in Series B funding to develop an AI platform designed to advance biological research. Founded by biology PhDs, the company aims to build a 'GPT for biology' by collecting primary data from the natural world. CEO Glen Gower emphasized the need to address the significant data gap in biological models. With over 100 partnerships across 25 countries, Basecamp plans to collaborate with the Broad Institute to enhance drug discovery and biodiversity insights. The funding will facilitate data expansion and model development.

Created at: October 9, 2024 11:00am

Meta Tests Direct Instagram Reels Posting on Threads

Meta Tests Direct Instagram Reels Posting on Threads

Meta is currently testing a feature on Threads that enables users to share their Instagram Reels directly. Discovered by app researcher Alessandro Paluzzi, this feature allows users to select Reels from their Instagram accounts through a new option in the compose box. The company confirmed the testing to TechCrunch, aiming to enhance cross-posting capabilities. Previously, Meta introduced automatic cross-posting from Instagram to Threads. This new functionality may improve user engagement as many already share content between the two platforms.

Created at: October 9, 2024 8:30am

OpenAI Expands Global Footprint with New Offices in Singapore, Paris, and Brussels

OpenAI Expands Global Footprint with New Offices in Singapore, Paris, and Brussels

OpenAI has announced the opening of new offices in Singapore, Paris, Brussels, and other cities as part of its global expansion strategy. This move follows a significant $6.4 billion funding round and a restructuring plan. Oliver Jay will manage international operations from Singapore, which aims to support the Asia Pacific region. The Singapore office is expected to hire engineers and serve as a hub for local customers and partners. OpenAI is also partnering with AI Singapore to enhance access to its technology, noting the rising usage of ChatGPT in the country.

Created at: October 9, 2024 8:00am

WordPress vs. WP Engine: A Legal Battle Over Trademarks and Control

WordPress vs. WP Engine: A Legal Battle Over Trademarks and Control

The conflict between WordPress founder Matt Mullenweg and WP Engine escalated into a legal dispute over trademark usage and platform control. Mullenweg criticized WP Engine for disabling key features that protect user data and accused it of misleading customers regarding its affiliation with WordPress. In response, WP Engine issued cease-and-desist letters and filed a lawsuit against Automattic, claiming abuse of power. The controversy has raised concerns among developers about the future of open-source projects. As the situation unfolds, the WordPress community seeks clarity on trademark usage and governance.

Created at: October 9, 2024 6:00am

Boring Company’s Las Vegas Loop: A Hit with Riders and Trespassers Alike

Boring Company’s Las Vegas Loop: A Hit with Riders and Trespassers Alike

The Boring Company's 2.4-mile underground Loop in Las Vegas is generating unexpected attention, recording at least 67 trespassing incidents since 2022. Designed for Tesla vehicles, it has attracted unauthorized individuals, including skateboarders and confused drivers mistaking it for parking. To combat this, the company has implemented license plate readers to restrict unrecognized vehicles. Despite setbacks on its ambitious hyperloop project, the loop has hosted over 2 million passengers since its inception in June 2021, showcasing ongoing public intrigue towards the colorful tunnels.

Created at: October 9, 2024 6:00am

Big Names in Venture Capital to Share Insights at TechCrunch Disrupt 2024

Big Names in Venture Capital to Share Insights at TechCrunch Disrupt 2024

Ashton Kutcher, Effie Epstein, and Guy Oseary will feature at TechCrunch Disrupt 2024, discussing their AI investment strategy. Led by Kutcher and Oseary, Sound Ventures has raised funds for a $265 million AI initiative targeting significant language model companies. This follows a series of strategic investments and reflects their commitment to a future where only a few dominant players emerge in AI. The event, set for October 28-30 in San Francisco, will host 10,000 tech leaders eager to connect and learn. Registration is now open for attendees seeking valuable insights.

Created at: October 9, 2024 12:00am

Fei-Fei Li's World Labs Chooses Google Cloud for AI Compute Needs

Fei-Fei Li's World Labs Chooses Google Cloud for AI Compute Needs

World Labs, led by AI pioneer Fei-Fei Li, has selected Google Cloud as its primary compute provider for training advanced AI models. The partnership is expected to be valued in the hundreds of millions, as World Labs capitalizes on a recent $230 million funding round. Despite Li's previous role at Google Cloud, the selection was based on Google's AI infrastructure capabilities. The startup aims to develop 'spatially intelligent' models that can process and generate video and geospatial data. This deal is non-exclusive, allowing potential collaboration with other cloud providers.

Created at: October 8, 2024 9:00pm

LoanSnap's License Revoked in Connecticut Amid Legal Troubles

LoanSnap's License Revoked in Connecticut Amid Legal Troubles

LoanSnap, an AI mortgage startup, has lost its operating license in Connecticut after violating a prior consent order with the state's Department of Banking. An investigation revealed multiple breaches of state law, including failure to file a change of address and disclose default judgments against the company. This action follows a series of lawsuits that plagued the startup, which originated just 42 loans in 2023 amid rising interest rates, a stark decline from nearly 1,300 loans valued at $500 million in 2021. LoanSnap's founders have not commented on the situation.

Created at: October 8, 2024 7:30pm

Tesla Set to Unveil Highly Anticipated Robotaxi This Thursday

Tesla Set to Unveil Highly Anticipated Robotaxi This Thursday

Tesla is preparing to reveal its Robotaxi, also known as the Cybercab, at a special event on Thursday in Burbank, California. CEO Elon Musk has faced challenges sticking to previous deadlines, pushing the reveal from August to October due to design changes. Investors are eager to see a prototype as Tesla's margins have been impacted by Cybertruck production and recalls. The event, themed 'We, Robot', may also showcase updates on Tesla's humanoid robot and other upcoming vehicles. However, concerns about commercialization and regulatory hurdles loom over the launch.

Created at: October 8, 2024 7:30pm

2024 Tech Layoff Wave Continues: Over 130,000 Jobs Cut

2024 Tech Layoff Wave Continues: Over 130,000 Jobs Cut

The ongoing tech layoff wave has seen more than 130,000 job cuts across 457 companies in 2024, as reported by Layoffs.fyi. Major players like Tesla, Amazon, Google, and Microsoft have announced significant layoffs. Smaller startups are also affected, with some shutting down entirely. These job losses raise concerns about the impact on innovation and highlight a shift towards AI and automation. The situation underlines the human cost of layoffs and the challenges faced by the tech industry amid economic uncertainties.

Created at: October 8, 2024 5:01pm

Unify Secures $12M Series A to Revolutionize Sales Outreach with AI

Unify Secures $12M Series A to Revolutionize Sales Outreach with AI

Unify, an AI-driven startup specializing in data-enhanced sales outreach, has successfully raised $12 million in a Series A funding round led by Emergence Capital and Thrive Capital. The company, which emerged from OpenAI's Converge accelerator, aims to improve customer engagement through personalized 'warm outbound' messaging. Co-founded by Austin Hughes and Connor Heggie, Unify leverages advanced data analytics to tailor communications to potential buyers. With revenues already in the millions, Unify is gaining traction among notable clients like Justworks and Lattice, positioning itself uniquely in the AI sales development space.

Created at: October 8, 2024 5:00pm

Former Google Maps Engineers Launch AI-Powered Collaboration Tool Cove

Former Google Maps Engineers Launch AI-Powered Collaboration Tool Cove

A startup named Cove, founded by ex-Google Maps engineers, has secured $6 million from Sequoia Capital to develop an AI-driven infinite board interface for collaborative tasks. The platform allows users to generate multiple responses from a single AI prompt, enhancing project planning, writing, and research. Users can interact with a chatbot, edit generated cards, and share boards with collaborators, similar to Google Docs. Cove is currently web-based with a limit of 100 free cards, offering unlimited access for $10 per month. The founders aim to revolutionize human-AI collaboration.

Created at: October 8, 2024 5:00pm

Alaska Airlines Launches Odysee: A Game-Changer in Flight Scheduling

Alaska Airlines Launches Odysee: A Game-Changer in Flight Scheduling

Alaska Airlines has unveiled Odysee, its first startup from a venture lab collaboration with UP.Labs. Odysee aims to revolutionize flight scheduling using AI-powered software that analyzes extensive data for real-time revenue predictions. The startup has successfully raised $5 million in pre-seed funding, with early simulations showing potential savings of hundreds of thousands for Alaska Airlines. Odysee's software is currently in user acceptance testing, with a trial expected to start by the end of October. This initiative marks a significant stride in addressing operational efficiency in the aviation industry.

Created at: October 8, 2024 4:00pm

Fisker's Bankruptcy Faces Major Setback Amid Fleet Sale Uncertainties

Fisker's Bankruptcy Faces Major Setback Amid Fleet Sale Uncertainties

Fisker's Chapter 11 bankruptcy has encountered a significant obstacle, as American Lease, the company set to purchase its electric SUV fleet, raises concerns over a technical issue preventing data transfer. The leasing firm claims it was informed that Fisker cannot transfer essential vehicle information needed for operations after bankruptcy. This revelation comes after American Lease paid tens of millions to Fisker, crucial for its ongoing bankruptcy proceedings. As multiple parties file objections, including the SEC and DOJ, the situation complicates Fisker's liquidation plan, with a court hearing imminent.

Created at: October 8, 2024 4:00pm

The New York Times Launches Beta Test for New Game 'Zorse'

The New York Times Launches Beta Test for New Game 'Zorse'

The New York Times is beta testing a new gaming experience called Zorse, a phrase guessing game that combines two phrases into one. This innovative addition aims to enhance the newspaper's thriving gaming section, where users currently spend more time in the NYT Games app than in its news app. The move follows the successful acquisition of Wordle, which proved to be a lucrative investment. With Zorse, the company continues to establish itself as a significant player in the gaming industry, appealing to a broader audience.

Created at: October 8, 2024 3:30pm

Gropyus Secures $100M to Revolutionize Construction in Ukraine

Gropyus Secures $100M to Revolutionize Construction in Ukraine

Gropyus, founded by Markus Fuhrmann, has raised $100 million to aid in rebuilding homes in Ukraine using robotic technology. The startup specializes in prefabricating buildings, aiming to reduce construction time and costs significantly. With a total funding of $300 million, Gropyus plans to develop smart, sustainable apartments that function like modern EVs, offering over-the-air updates. The company has partnered with NGO ‘One Ukraine’ for its first pilot project, targeting the construction of 50 to 100 apartments. This initiative follows their effort to evacuate 13,000 people from war-torn areas in Ukraine.

Created at: October 8, 2024 3:00pm

Navigating Dual-Use Tech: Key Insights from True Anomaly, Slingshot Aerospace, and Space Workforce 2030

Navigating Dual-Use Tech: Key Insights from True Anomaly, Slingshot Aerospace, and Space Workforce 2030

At TechCrunch Disrupt 2024, industry leaders Even Rogers, Tim Solms, and Melanie Stricklan will address challenges startups face in the dual-use technology market. As government reliance on commercial services grows, these experts will share strategies for navigating the complex procurement landscape. They aim to empower emerging businesses to compete effectively against established giants. Attendees will gain insights on building essential relationships and fostering innovation. Join this crucial discussion from October 28-30 in San Francisco to learn how to thrive in government and defense sectors.

Created at: October 8, 2024 3:00pm

Google Partners with SpotHero for Seamless Parking Reservations

Google Partners with SpotHero for Seamless Parking Reservations

SpotHero has announced a partnership with Google to integrate parking reservations into Google Maps and Search, enabling users in the U.S. and Canada to book parking at over 8,000 locations. This feature allows users to reserve parking spots directly through the apps, enhancing convenience. SpotHero claims to serve over 10 million drivers and is nearing $1.5 billion in reservations sold. The collaboration follows previous partnerships with ParkMobile and Apple Maps, showcasing Google’s commitment to improving user experience within its applications.

Created at: October 8, 2024 1:31pm

Distributional Secures $19M to Enhance AI Testing Automation

Distributional Secures $19M to Enhance AI Testing Automation

Distributional, an AI testing platform founded by former Intel AI software head Scott Clark, has raised $19 million in Series A funding led by Two Sigma Ventures. The startup aims to automate AI model and app testing, addressing operational risks associated with AI applications. Clark's experience at Intel highlighted the challenges of AI monitoring, prompting the creation of Distributional. The platform allows teams to create and manage statistical tests for AI models, enhancing visibility and collaboration. With this funding, Distributional plans to expand its team and focus on enterprise deployments.

Created at: October 8, 2024 1:30pm

Ex-Amazon Exec Dave Clark Secures $100M for New Supply Chain Startup

Ex-Amazon Exec Dave Clark Secures $100M for New Supply Chain Startup

Dave Clark, the former CEO of Amazon's consumer division, has launched a new supply chain venture named Auger after his departure from Flexport. Auger has successfully raised $100 million in seed funding led by Oak HC/FT. The company aims to develop an AI-powered tool that integrates with inventory management systems to provide real-time insights. Clark emphasized the urgent need to address supply chain inefficiencies that affect both businesses and consumers. Despite a competitive landscape, Clark believes Auger will offer unique solutions to the challenges faced in supply chain management.

Created at: October 8, 2024 1:30pm

Infactory Secures $4M Seed Funding for AI Fact-Checking Innovation

Infactory Secures $4M Seed Funding for AI Fact-Checking Innovation

Infactory, a generative AI-based fact-checking startup co-founded by former Humane.AI executives, has raised $4 million in seed funding led by Bee Partners. The investment round, which values the company at $25 million, includes notable backers such as a16z’s Scout Fund and Alumni Ventures. Infactory plans to enhance its team and go-to-market strategy with the new capital. The startup focuses on improving online fact-checking, utilizing AI to assess the intent of search queries while avoiding biases inherent in large language models. Founded by Brooke Hartley Moy and Ken Kocienda, Infactory aims to partner selectively with data vendors.

Created at: October 8, 2024 12:30pm

TensorWave Aims to Challenge Nvidia with AMD-Powered AI Cloud Solution

TensorWave Aims to Challenge Nvidia with AMD-Powered AI Cloud Solution

TensorWave, a new startup founded in late 2023, is disrupting the AI cloud market by exclusively offering AMD hardware to compete with Nvidia's dominant GPU offerings. CEO Darrick Horton highlights the need for more competition in AI compute, citing Nvidia's monopoly as detrimental to innovation. Based in Las Vegas, TensorWave is already generating $3 million in annual revenue and aims for $25 million by year's end. With a recent $43 million funding round led by Nexus VP, the company is well-positioned for growth as it expands its capacity and customer base.

Created at: October 8, 2024 12:30pm

Driver Unveils AI-Powered Platform for Streamlined Technical Documentation

Driver Unveils AI-Powered Platform for Streamlined Technical Documentation

Driver has launched an innovative AI-driven platform designed to simplify the creation of technical documentation for semiconductor chips, significantly reducing the time required from hours to just a few. The startup, which recently secured $8 million in seed funding led by GV, aims to address the challenges of keeping documentation up-to-date in a rapidly evolving tech landscape. CEO Adam Tilton, along with co-founder Daniel Hensley, believes their solution can enhance productivity and clarity for engineers dealing with complex codebases. The platform is language-agnostic and promises to improve understanding of new code by 50%.

Created at: October 8, 2024 12:30pm

Lithios Innovates Lithium Extraction from Salty Water with Battery Tech

Lithios Innovates Lithium Extraction from Salty Water with Battery Tech

Lithios, a startup founded by Mo Alkhadra, is revolutionizing lithium extraction by using technology inspired by lithium-ion batteries. Instead of traditional mining methods, Lithios captures lithium from underground briny water, minimizing costs and environmental impact. Recently, the company raised $10 million in seed funding to scale its operations and develop a pilot system for field testing. Their method, which involves electrified intercalation compounds, allows for efficient lithium recovery while recycling water. With growing demand for sustainable lithium sources, Lithios aims to meet the needs of the electric vehicle industry.

Created at: October 8, 2024 11:00am

Rivian Cuts 2024 Vehicle Production Target Amid Supply Chain Struggles

Rivian Cuts 2024 Vehicle Production Target Amid Supply Chain Struggles

Rivian announced a reduction in its 2024 production forecast due to escalating supply chain issues that have intensified recently. The electric vehicle manufacturer has lowered its initial target of 57,000 vehicles to between 47,000 and 49,000. This comes after a decline in deliveries, with only 10,018 vehicles delivered in Q3, compared to 13,970 in Q2. The company is facing difficulties with a critical component used in its electric motors. Rivian is also restructuring operations and has cut its workforce by 10% to reduce costs. The future remains uncertain as it aims to launch a lower-cost R2 SUV by 2026.

Created at: October 8, 2024 8:28am

TechCrunch Disrupt 2024: Pioneering the Future of Space Launch

TechCrunch Disrupt 2024: Pioneering the Future of Space Launch

TechCrunch Disrupt 2024 will feature a pivotal discussion on the future of space launch, led by industry leaders Kelly Hennig of Stoke Space and Muhammad 'Mo' Shahzad of Relativity Space. They will address how emerging technologies and organizational culture are reshaping access to orbit. With the space industry at a crossroads, the dialogue will explore the intersection of engineering, business acumen, and operational scalability. Attendees can expect insights into sustainable practices and strategic innovations critical for accelerating space exploration. This event promises to inspire and connect the next generation of space innovators.

Created at: October 8, 2024 8:23am

Impulse Space Secures $150M Funding and Major Space Force Contract

Impulse Space Secures $150M Funding and Major Space Force Contract

Impulse Space, a startup founded by ex-SpaceX CTO Tom Mueller, has announced a successful $150 million Series B funding round and a $34.5 million contract with the U.S. Space Force for two spacecraft missions. The company focuses on developing orbital transfer vehicles (OTVs) equipped with advanced chemical propulsion systems to enhance satellite maneuverability in space. This funding solidifies Impulse's position in the rapidly evolving space operations sector, which aims for more dynamic and responsive capabilities than current technologies allow.

Created at: October 8, 2024 8:22am