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When Nick Turley joined OpenAI in 2022 as the head of ChatGPT, he was tasked with commercializing the company’s research. He has made great strides toward that goal, growing the product to 800 million weekly active users. Now, Turley wants to take an even bigger swing: transforming ChatGPT into a new type of operating system…
Qapita, a Singapore-based equity management platform, has raised $26.5 million in a Series B round led by Charles Schwab. As part of the deal, Charles Schwab has introduced a new platform called Schwab Private Issuer Equity Services — powered by Qapita — which let’s U.S. startups manage their cap tables, administer stock plans, and prepare…
The Department of Energy is looking to cut billions more in federal funding, and many promising startups as well as automakers Ford, General Motors, and Stellantis could be affected by the Trump administration’s decision. The proposed cuts would cancel more than $500 million of contracts awarded to more than a dozen startups, according to a…
A Faraday Future electric SUV caught fire at the startup’s Los Angeles headquarters early Sunday morning, leading to an explosion that blew out part of a wall, the fire department told TechCrunch. The fire was extinguished in 40 minutes, and no injuries were reported. Damage to the building — a smaller two-story structure next to…
Manny Medina, previously best-known as the founder of sales automation startup Outreach ($4.4 billion valuation), has wowed investors with his young startup, Paid. Paid just closed an oversubscribed $21.6 million seed round led by Lightspeed. With the €10 million pre-seed round it raised in March, London-based Paid has already raised $33.3 million and hasn’t even…
A wider leadership shake-up at Hyundai’s electric air taxi startup Supernal is underway just a few weeks after it paused work on its vehicle program and its CEO and CTO left, TechCrunch has learned. Supernal’s chief strategy officer, Jaeyong Song, and chief safety officer, Tracy Lamb, are no longer with the company, the startup confirmed…
Just over a year ago, Moxion Power closed its doors, adding its name to a list of high-profile bankruptcies that roiled the climate tech world in 2024. The portable battery startup had raised more than $110 million in a bid to replace diesel generators at festivals and construction sites, but even that wasn’t enough to…
A viral app called Neon, which offers to record your phone calls and pay you for the audio so it can sell that data to AI companies, has rapidly risen to the ranks of the top-five free iPhone apps since its launch last week. The app already has thousands of users and was downloaded 75,000…
Robotics companies often have to deal with a simple but confounding problem: Robots produce a lot of data. Even a simple robot can easily produce up to a terabyte of data per day, since they continuously capture data from cameras and sensors. Sydney, Australia-based Alloy thinks it can help with that issue: the startup is building data infrastructure for robotics companies to help them process…
Few things generate as much data as simply observing the Earth from above. But Ryan Abernathey and Joe Hamman very quickly realized that all that data still wasn’t enough for their startup to thrive. Their data-centric, climate tech startup, Earthmover, would need to pivot. The pivot isn’t entirely away from climate tech, though. Instead, the…