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Welcome back to TechCrunch ’s Week in Review — TechCrunch ’s newssheet recapping the week ’s heavy news . desire it in your inbox every Saturday ? Sign uphere .
Over the retiring eight years , famed vehicle graphic designer Henrik Fisker hint his EV startup would deliver on a lot of promises , but none came true . AsFisker look for an improbable deliverance , employees told TechCrunch that the blame rests largely on the articulatio humeri of the husband - and - wife team who steer the company .
This week also had a major disturbance in the fintech space . After years of missteps and struggles , the banking - as - a - service fintechSynapse officially went bankrupt . Based on Synapse ’s filing , as many as 100 fintechs and 10 million terminal customers could have been touch on by the company ’s collapse .
Elon Musk just got a lot of cash forxAI . The AI startupraised $ 6 billionat an $ 18 billion pre - money valuation as it aim to contend with OpenAI , Microsoft and Alphabet .
In other big money moves , Google is induct nearly$350 million into Flipkart . The new investment gives the Walmart - owned Indian e - commerce startup a valuation of $ 36 billion . Google , which attain more than half a billion citizenry in India , identifies the South Asiatic res publica as a primal overseas market .
News
Was Sam Altman fired from Y Combinator?:Paul Graham is set the record straight . In a series of Post on X , the Y Combinator co - founder brushed off title that Sam Altman was pressured to give up in 2019 due to potential conflict of interest . Read More
Spotify doles out Car matter refund : Spotify is facing backlash over its decision to discontinue support for its in - car cyclosis twist , Car matter . Spotify has now instituted a refund process , but some users are ask the troupe not to brick their devices . Read More
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Are earbuds the future of AI hardware?:Unlikegenerative AI gadgets like Humane ’s Ai Pin and Rabbit ’s R1 , Iyo is aim to build its technology into an already successful class : the Bluetooth earbud . translate More
Firefly forges on : On the heel of personal tragedy , theTel Aviv - based startup has raised $ 23 million for its “ substructure as code ” solution to the grow outlet of cloud asset management . Read More
Is Apple going to “ sherlock ” Arc?:Apple is reportedly planning to put out a new technology called “ smart recaps ” in iOS 18 , which seem to closely mimic Arc Search ’s innovative “ Browse for me ” functionality . Read More
Misinformation is so back : A pair of unexampled bailiwick offers grounds that misinformation on societal media has the major power to change multitude ’s nous . Find out who was most responsible for the vast majority of “ bastard news ” in the studied time geological period . Read More
AI models have favorite number too : Engineers at Gramener performed an experimentation where they require several major LLM chatbots to pluck a random number between 0 and 100 — and the issue were fascinating . Read More
Mistral unveils coding model : The French AI startup has released its first generative AI model for put one over , dubbed Codestral , which is designed to assist developers write and interact with codification . Read More
Say hello to meme tech : Is it clock time to disrupt the meme industry ? With Meme Depot , founder Alex Taub draw a bead on to ramp up a comprehensive archive of any meme imaginable with a crypto - focussed business example . understand More
AI come for tutors : The arrival of AI bot is posing a scourge to long - established tutoring franchises and professional tutors , and the leading apps are from China . But do they actually aid students learn?Read More
Analysis
What happens to a caller when its founder dies?:Onyx Motorbikes was already in trouble — and then its 37 - year - old owner passed away unexpectedly with no will or succession plan , impart behind millions of dollar in debt . Rebecca Bellan report on how the ensuing struggle for controller has put Onyx in effectual limbo . Read More
The ‘ edgelords ’ at OpenAI : Meredith Whittaker has some plainspoken thoughts about the current leading at OpenAI . Mike Butcher sit down with the Signal chairwoman to talk over what she describes as a disrespectful “ frat house ” contingent of the tech diligence in a astray - wander conversation . Read More
Do n’t expect IPOs from these startups : While 2024 is looking to be a better yr for tech startup going public , there ’s still a phone number of gamy - visibility companies that are want to waitress just a small bit longer . From Plaid to Figma , Rebecca Szkutak fill out up the companies that are n’t itching to go public just yet . Read More
