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Redwood Materials chief operating officer Chris Lister is leaving the battery recycling company to retire, TechCrunch has learned — and he’s not the only executive that recently departed. Lister, a former vice president who led operations at Tesla’s Nevada Gigafactory, has been with Redwood since late 2023. He started as the company’s chief supply chain…
Former OpenAI executive Mira Murati’s startup, Thinking Machines Lab, has signed a new multi-billion-dollar agreement to expand its use of Google Cloud’s AI infrastructure, including systems powered by Nvidia’s latest GPUs, TechCrunch has exclusively learned. The deal is valued in the single-digit billions, according to a source familiar with the matter, and includes access to…
Redwood Materials has laid off around 135 employees, or roughly 10% of its workforce, as it restructures to better accommodate its growing energy storage business, TechCrunch has learned. The cuts come just five months after Redwood cut 5% of its workforce, and three months after it closed a $425 million funding round that boosted the…
It happens in every emerging industry: founders and investors push toward a common goal, until the money starts to roll in and that shared vision begins to diverge. Cracks are emerging in the fusion power world, which I saw firsthand at The Economist’s Fusion Fest in London last week. It didn’t dampen the overall buoyant…
AI coding startup Cursor is nearing new funding in which the four-year-old company would raise at least $2 billion in fresh capital, according to four sources familiar with the matter. Returning investors Thrive and Andreessen Horowitz are expected to lead the financing at a $50 billion valuation, prior to the new capital injection, the people…
Historically, marketers relied on designers and other creative professionals to develop images and videos for personalized online ad campaigns. In late 2024, seven-year-old startup Hightouch launched an AI-powered service that allows marketing professionals to create custom content for brands such as Domino’s, Chime, PetSmart, and Spotify without involving brand design teams or ad agencies. The…
After months of conversations with ChatGPT, a 53-year-old Silicon Valley entrepreneur became convinced he’d discovered a cure for sleep apnea and that powerful people were coming after him, according to a new lawsuit filed in California Superior Court in San Francisco County. He then allegedly used the tool to stalk and harass his ex-girlfriend. Now…
Is Poke an OpenClaw for the rest of us? That’s the idea coming from a new startup offering an AI agent that you can access via iMessage, SMS, Telegram, and, in some markets, WhatsApp. The AI agent Poke launched publicly in March, allowing consumers to access a personal assistant that can take action on their…
Defense startup Hermeus has raised $350 million to keep developing what it calls the “fastest unmanned aircraft,” in a funding round that has pushed its valuation to $1 billion. The Los Angeles-based startup said Tuesday that it has raised $200 million in equity financing, led by Khosla Ventures. Existing investors Canaan Partners, Founders Fund, In-Q-Tel,…
AI-powered design platform Picsart is launching a creator monetization program, the company told TechCrunch exclusively. The program is open to all creators, with no invite lists and no minimum audience size required. The program invites creators to create original content with Picsart tools for a specific campaign, share it on their social channels, and earn…