Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7. Founded in 2018, the fintech company had raised a total of nearly $81 million in funding from investors such as FTV Capital and Headline. […]

Just a few weeks after OpenAI said it would adopt rival Anthropic’s standard for connecting AI models to the systems where data resides, Google is following suit. In a post on X on Wednesday, Google DeepMind CEO Demis Hassabis announced that Google will add support for Anthropic’s Model Context Protocol, or MCP, to its Gemini […]

As Sequoia Capital’s first defense tech investment, Mach Industries is an industry darling, raising over $80 million since its founding in 2023. Its founder, Ethan Thornton, now 21, began Mach as a teenage MIT student before dropping out to focus full-time on his startup. But a few months before landing a seed investment from Sequoia […]

The dramatic suit between OpenAI and its estranged co-founder, billionaire Elon Musk, shows no sign of letting up. In a filing Wednesday, attorneys for OpenAI and the other defendants in the case, including CEO Sam Altman, called for Musk to be enjoined from “further unlawful and unfair action” and “held responsible for the damage he […]

Nvidia CEO Jensen Huang appears to have struck a deal with the Trump administration to avoid export restrictions on the company’s H20 AI chips. The H20, the most advanced Nvidia-produced AI chip that can still be exported from the U.S. to China, was reportedly spared thanks to a promise from Huang to invest in new […]

Sarah Wynn-Williams, Facebook’s former Head of Global Public Policy, testified before the U.S. Senate today about the company’s relationship with China. According to Wynn-Williams, the company now known as Meta worked directly with the Chinese Community Party (CCP) to “undermine U.S. national security and betray American values,” she said. She alleges that Facebook created custom-built […]

A Waymo robotaxi caused a traffic jam at a Chick-fil-A in Santa Monica, California, this week after getting stuck in the fast food restaurant’s drive-thru lane. Waymo confirmed the incident, which was first reported by local broadcast station KTLA 5, to TechCrunch via email. Waymo told TechCrunch that there weren’t any passengers in the robotaxi. […]

Meta whistleblower Sarah Wynn-Williams, the former Director of Global Public Policy for Facebook and author of the recently released tell-all book “Careless People,” told U.S. senators during her testimony on Wednesday that Meta actively targeted teens with advertisements based on their emotional state. This claim was first documented by Wynn-Williams in her book, which documents […]

The money will fund a rapid expansion, including dozens more megawatt-hours of battery storage and plans for a domestic battery factory.

New York’s A-list venture capital seed fund, Lerer Hippeau, announced on Wednesday that it closed a ninth $200 million fund. That’s a step up from its eighth fund, which closed at $140 million, it said. With the new fund, Lerer Hippeau has $1.4 billion of assets under management. Since its inception in 2010, Lerer Hippeau […]