When the 2024 Maserati GranTurismo Folgore comes to market next fall, consumers might notice some Formula E motorsports DNA running through the automaker’s first EV. In January, Maserati will become the first Italian team to compete in the ABB FIA Formula E World Championship when the series kicks off its ninth season in Mexico City. … Read more
Twitter’s head of Safety and Integrity Yoel Roth admitted in a Twitter thread that the company may have to further invest in “identity verification” that goes beyond the paid verification system that will accompany its revamped Twitter Blue subscription. Under Elon Musk, Twitter has rushed to release a new version of its Twitter Blue subscription … Read more
Dear Sophie, I was laid off and I’m on an H-1B. I have enough savings to survive for a while. What should I do if I have been let go from my job? I am on an H-1B, have an approved I-140 and an I-797 that expires in March 2024. If I have to leave … Read more
Years ago, there was a price war between public clouds. Back in 2014, to pick one example, Amazon’s AWS cut its prices in response to Google’s recently launched competing service. Since those heady days, the cloud infrastructure market has matured and changed. Sure, AWS is still top dog, with Microsoft and Google working to both … Read more
Still on the fence about going to TC Sessions: Crypto on November 17 in Miami? There’s no better time or way to get the latest news, trends and expert insight on the rapidly changing, always evolving world of crypto. And in case you haven’t heard, this daylong conference is no one-trick pony. We go deep … Read more
Generative AI is suddenly everywhere. Over the past year, you’ve probably seen people showcasing impressive AI-generated artworks, thanks to progress in text-to-image algorithms introduced by groups like OpenAI and Stability AI. A proliferation of startups is now trying to devise applications for this new class of language model, where the machine is capable of creating … Read more
Our dedicated space event, TC Sessions: Space, is back again this year on December 6 in Los Angeles, and we’re excited to have Nanoracks CEO Amela Wilson joining us onstage for a discussion about what comes next for space stations. Nanoracks is a longtime participant in the existing International Space Station (ISS), having taken part … Read more
The $68.7 billion gaming mega-merger between Microsoft and Activision Blizzard is facing in-depth competition scrutiny in the European Union. EU regulators had been taking a preliminary look at the proposed deal, after the transaction was notified to the bloc’s regulators at the end of September. But today the Commission confirmed it will open a deeper … Read more
At the height of the pandemic Zoom was the go-to application for meetings with people stuck at home in lock down. During FY 2021, the company was growing at an unsustainable triple-digit rate, peaking at a mind-blowing 369% growth in Q3 2021. By Q2 2023, its most recent quarter, it was down to single digit … Read more
Why are software companies valuable? Put another way, why have we spent so many years valuing software companies using revenue multiples, instead of the profit multiples that are more common in other industries? There are several key reasons. First, software companies have very strong gross margins; software is cheap to sell once you’ve written the … Read more
Binance said Tuesday it has signed a letter of intent to acquire FTX, delivering a surprising twist following a public spat between the world’s two largest crypto exchanges that contributed to several digital tokens taking a tumble Tuesday. The firms didn’t disclose the value of the deal, which is non-binding and pending the due diligence … Read more
Withdrawal transactions for customers using FTX, the third largest crypto exchange by volume, have seemingly been limited to a nominal amount or none at all, according to multiple on-chain data sources. Stablecoin withdrawals from FTX dropped to zero around 6 a.m. ET on Tuesday, according to data on CryptoQuant. Meanwhile, withdrawals of ether, Ethereum’s token, … Read more
DoorDash is teaming up with Alphabet’s Wing to offer customers an easier way to arrange for goods to be delivered via drone. Beginning this week, a small number of DoorDash users in Logan, Australia will be able to order certain convenience and grocery items through the DoorDash app and have them delivered by a Wing … Read more
John Foley clearly didn’t take (ahem) a brake after leaving Peloton. The former co-founder and CEO of the connected fitness company — who stepped down as CEO in February and left the company altogether in September — is back with a new startup. Ernesta, which aims to launch in spring 2023, will sell custom rugs through … Read more
Instagram is rolling out an in-app scheduling tool to all professional accounts in its app, the company has announced. The new tool allows businesses and creators to schedule their posts in advance without having to use third-party apps or Creator Studio. Social media managers and creators have long relied on third-party tools to schedule posts … Read more
Troubled electric vehicle startup Arrival, which is restructuring its business to develop commercial vans for the U.S. instead of Europe, said Tuesday it doesn’t expect to earn revenue until after 2023. The British company, which has struggled to raise funds to produce EVs using its modular microfactory strategy, will halt operations at its Bicester, U.K., … Read more
Compliance with privacy and security frameworks like SOC 2, HIPAA and GDPR has become a central component not just of how organizations build trust with their users, but of how organizations work together these days: fail to meet the requirements of these frameworks, and you might lose your business relationship. Today, Laika — one of … Read more
A ransomware group with suspected links to the notorious Russia-speaking REvil gang has threatened to release the personal information of millions of Medibank customers after the Australian private health insurance giant pledged it would not pay the cybercriminals’ ransom demand. Medibank, Australia’s largest health insurance provider, first disclosed a “cyber incident” on October 13, saying … Read more
Matt Armanino Contributor Share on Twitter Matt Armanino serves as the CEO of national consulting and accounting firm Armanino, where he focuses on driving firmwide growth and innovation. Recent economic headlines have been dominated by the declining stock market, rampant inflation and widespread talk of recession. At Armanino, we use the term “VUCA” to describe … Read more
As Twitter users fret over the direction that new owner Elon Musk is taking the company, masses of users have hopped over to Mastodon, an open-source Twitter alternative. Since October 27, when the SpaceX and Tesla CEO formalized his Twitter takeover, Mastodon has gained nearly 500,000 new users, effectively doubling its user base. But what … Read more
Increasingly, as Moore’s law rears its ugly head, computer chip developers are adopting “chiplet” architectures to scale their hardware’s processing power. Chiplets are Lego-like integrated circuit blocks designed to work with other, similar chiplets to form complex, stackable chips that boost performance while maintaining a similar physical footprint. Chiplets offer a number of advantages over … Read more
Veriti, a platform for unifying cybersecurity infrastructure, today emerged from stealth with $18.5 million in funding, a combination of $12 million from Insight Partners and a $6.5 million round led by NFX and Amiti. According to CEO Adi Ikan, the newly announced capital is being put toward scaling Veriti’s business operations and developing its product … Read more
Elon Musk has completed his takeover of Twitter, and he has lofty plans for this platform. In the short time, he has been at the helm of the platform he has promised things like a new verification system, revamped subscription program, and better creator monetization. Musk has a knack for announcing these features on a … Read more
The growing trends of hiring and running remote workforces, and more recently the major upheaval of restructuring across a number of industries, have redefined and disrupted the concept of teams at work. Even as some return to the office, many of us don’t see each other face-to-face, and even if we have checked in together … Read more
Though finance technology startups are having a moment when it comes to decreased venture capital deals and layoffs, Quona Capital, a venture capital firm that invests in emerging markets that accelerate financial inclusion, has found the appetite is still there for fintechs. The firm had its final close on $332 million in capital commitments for … Read more
Japanese messaging app Line’s non-fungible token (NFT) unit LineNext said Tuesday that it has launched a consumer-to-consumer (C2C) marketplace on the NFT platform DOSI. The C2C trading service allows users to buy and sell NFTs globally. The announcement comes nearly a year after Line said it plans to launch an NFT service in 2022 to provide a … Read more
Today, Netflix is launching a new interactive game called “Triviaverse” that allows subscribers to test their knowledge and compete against an all-knowing “Trivia master” using their TV remote. In the game, players are challenged to answer questions as quickly as they can before time runs out and beat high scores to earn badges. “Triviaverse” is … Read more
Speedoc, a health tech platform that brings hospital care to homes, has raised $28 million in pre-Series B funding. The round included Bertelsmann Investments, Shinhan Venture Investment and Mars Growth. Returning investor Vertex Ventures Southeast Asia and India, which led Speedoc’s $5 million Series A in 2020, also participated. Based in Singapore, Speedoc was founded … Read more
Doola, a company helping global founders start a limited liability company in the United States, even without a Social Security number, raised an $8 million round of funding. The new investment comes less than one year after the company secured $3 million in seed funding. This gives the company just under $12 million in total … Read more
Reuben Lai, senior managing director of Grab Financial Group, is leaving the position at the end of this year. The news was first reported by Tech In Asia. Lai oversees Grab Financial Group and is also executive director and head of regional strategy at GXS Bank, the digital bank joint venture between Grab Holdings and … Read more