Mach Industries, founded by 21-year-old Ethan Thornton, lands US Army contract, builds weapons factory

Sequoia-backed Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, landed a contract with the U.S. Army and has plans for its first factory, Thornton told TechCrunch. The factory will be 115,000 square feet in Huntington Beach, California, where Mach’s headquarters is located, CEO Thorton said. While that sounds like an expensive zip code […]

Read more

Mistral urges telcos to get into the hyperscaler game

Mistral CEO Arthur Mensch brought a sales pitch to Mobile World Congress on Tuesday, urging delegates at the world’s biggest telecoms confab in Barcelona to invest in building data center infrastructure and “becoming hyperscalers” to boost the regional AI ecosystem. “We would welcome more domestic effort in making more data centers,” he said during an on-stage […]

Read more

Trump Administration cuts may threaten AI research efforts

The Trump Administration has fired a number of National Science Foundation employees who had been handpicked for their expertise in AI, threatening the agency’s ability to sustain key AI research, Bloomberg reported. One of the affected departments inside NSF, called the Directorate for Technology, Innovation, and Partnerships, was instrumental in funneling government grants focused on […]

Read more

General Catalyst loses three top investors as the firm expands beyond venture, contemplates IPO

Three key investors have left General Catalyst amidst a series of recent changes at the firm, which now describes itself as an “investment and transformation company,” TechCrunch has learned. The departed managing directors include Deep Nishar and Kyle Doherty, who co-led General Catalyst’s late-stage strategy known as Endurance, and Adam Valkin, one of the three […]

Read more