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In the aftermath of Sequoia Capital’s big reveal earlier this week that its China- and India-based affiliates are spinning off into independent entities, we reached out yesterday to someone who we thought might have an opinion on the development. Erik Lassila is a former VC whose Silicon Valley-based fund of funds business, Peakview Capital, was […] Peakview, a U.S. LP once backed by a Chinese firm, diversifies its own investor base by Connie Loizos originally published on TechCrunch... →

U.K.-based cultivated meat startup Higher Steaks has raised $30 million in a Series A round of funding and revealed that it’s changing its name to Uncommon. Founded out of Cambridge in 2017, Uncommon is one of countless companies pushing to make cultured “lab-grown” meat a reality in kitchens and restaurants around the globe, covering everything […] Cultured meat startup Higher Steaks nabs $30M and rebrands as Uncommon by Paul Sawers originally published on TechCrunch... →

In many ways, drone delivery still feels very pie in the sky in terms of scalable e-commerce. In smaller, controlled pockets, however, the concept is going swimmingly. Among the spots is a small Google satellite campus in the Palo Alto foothills. The buildings, which neighbor larger Tesla and HP offices, are home to a handful […] How curbside pickup caused Wing to rethink its approach to drone delivery by Brian Heater originally published on TechCrunch... →

If you can successfully navigate the tough times ahead, you’ll be in an advantageous position when investment increases again. How well are SaaS, e-commerce, fintech and healthtech startups doing in 2023? by Walter Thompson originally published on TechCrunch... →

On Thursday, online car-retailer Carvana announced an especially rosy outlook (i.e. forecasted record profits) for the second quarter of 2023, and investors responded by driving the company’s stock price up 56% before the market closed. The company closed the day worth $4.58 billion, according to Google Finance data. The retailer — a popular short — predicted […] Carvana nirvana? Shorted stock surges 56% as company predicts record profits by Harri Weber originally published on TechCrunch... →

General Motors will integrate Tesla’s electric vehicle charging standard in its future EVs, CEO Mary Barra said Thursday during a Twitter Spaces with Tesla CEO Elon Musk. The agreement between the erstwhile rivals comes less than two weeks after Ford announced a similar partnership, and signals that other automakers could soon follow. As with the […] GM follows Ford’s lead and adopts Tesla chargers by Rebecca Bellan originally published on TechCrunch... →

The full trailer for “The Witcher” season three was released on Thursday, giving viewers a taste of what to expect in the next installment of the hit Netflix series. In the new trailer, Geralt continues his mission to protect Ciri from monsters, monarchs, mages and anyone else who wants to capture her. We also see […] ‘The Witcher’ Season 3 drops full trailer by Lauren Forristal originally published on TechCrunch... →

Firefly Aerospace has acquired launch and in-space transportation service provider Spaceflight Inc., in a bid to expand its on-orbit capabilities for customers. Firefly did not disclose the terms of the deal but a company spokesperson confirmed that the transaction has closed. The spokesperson added that the entire Spaceflight team, including CEO Tiphane Louradour, will be […] Firefly buys Spaceflight Inc. to boost on-orbit services by Aria Alamalhodaei originally published on TechCrunch... →

Here is a recap of what happened in the search forums today, through the eyes of the Search Engine Roundtable and other search forums on the web. Google Ads API version 14 is out...... →

Porsche kicked off its 75th anniversary Thursday with an electrifying reveal: a battery electric hypercar concept the automaker described as a “technology beacon for the sports car of the future.” For Porsche, that means more than splashy details like an  “E” on the rear that illuminates and pulses when being charged — although that is […] The Porsche Mission X dreams of a faster, electric sports car future by Kirsten Korosec originally published on TechCrunch... →

In a sign that there’s plenty of cash to go around for generative AI startups, Cohere, which is developing an AI model ecosystem for the enterprise, today announced that it raised $270 million as part of its Series C round. Reuters reported earlier in the year that Cohere was in talks to raise “hundreds of […] AI startup Cohere, now valued at over $2.1B, raises $270M by Kyle Wiggers originally published on TechCrunch... →

Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. It’s been quite a long week (and it’s not over yet). Unless you live under a rock, you know that the U.S. Securities and Exchange Commission came out guns blazing on Monday and Tuesday, by suing the two […] The SEC’s situationship with Binance and Coinbase keeps getting messier by Jacquelyn Melinek originally published on TechCrunch... →

Once again, your intrepid robotics reporter finds himself in the warm embrace of the Bay. To paraphrase Mark Twain, the warmest I was ever embraced was early summer in Santa Clara. I’m writing this from a juice place in Palo Alto (living the dream), having finished a pair of back-to-back meetings nearby. This week’s big […] Winging it by Brian Heater originally published on TechCrunch... →

Next year we might expect anywhere between 30 and 35 new climate tech companies to emerge. Investors take note: Wildfire smoke will spark a surge in East Coast climate tech startups by Tim De Chant originally published on TechCrunch... →

The popular third-party Reddit app Apollo is shutting down on June 30, 2023, as a direct result of Reddit’s recently announced new API pricing plans which would end up costing Apollo $20 million per year to continue to operate its business — an unsustainable ask for an indie developer. The app’s maker, Christian Selig, had […] Popular third-party Reddit app Apollo is shutting down as a result of Reddit’s new API pricing by Sarah Perez originally published on TechCrunch... →

Mercedes-Benz received a permit from California regulators that will allow the German automaker to sell or lease vehicles in the state equipped with a conditional automated driving system that allows for hands off, eyes-off driving on certain highways. The California Department of Motor Vehicles said Thursday it issued an autonomous vehicle deployment permit to Mercedes-Benz […] Mercedes first to sell vehicles in California with hands-free, eyes-off automated driving by Kirsten Korosec originally published ... →

Bluesky, the decentralized social network and frontrunner alternative to Twitter, has been hailed as a wonderland of funny posts and good vibes. But a moderation policy change that followed a death threat against a Black user has many on Bluesky questioning if the platform is safe for marginalized communities after all. Bluesky had around 50,000 […] Bluesky’s growing pains strain its relationship with Black users by Morgan Sung originally published on TechCrunch... →

Toyota plans to build a lab at its North American research and development headquarters in Michigan to develop and evaluate the quality of its EV batteries. The $48 million lab, which is expected to begin operations in 2025, will focus on every aspect of batteries from the cell level to the packs that are installed […] Toyota to spend $48M on new US-based EV battery lab by Kirsten Korosec originally published on TechCrunch... →

Crypto researchers say North Korean state-backed hackers are likely behind a recent hack on Atomic Wallet customers, resulting in millions of dollars in estimated losses. Estonia-based Atomic Wallet is a non-custodial decentralized wallet, which means users are responsible for the assets they store. The company, which supports over 500 coins and tokens, including Bitcoin and […] North Korean hackers linked to Atomic Wallet crypto hack by Carly Page originally published on TechCrunch... →

Less than a month after its release on the App Store, OpenAI’s ChatGPT app is getting its first big update. The new version, out today, brings native iPad support to the AI chatbot app, as well as support for using ChatGPT with Siri and Shortcuts. Drag and drop is also now available, allowing users to […] ChatGPT comes to iPad, adds support for Siri and Shortcuts by Sarah Perez originally published on TechCrunch... →