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When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: the bank spent most of last year without a chief risk officer, and the one who left sold more than $4 million of stock in the bank before departing. The new CRO Kim Olson, who joined in January 2023, […] Silicon Valley Bank’s chief risk officer is out, months after taking the job by Natasha Mascarenhas originally published on TechCrunch... →

Eager to secure all the lithium it needs to power a growing lineup of electric vehicles, General Motors said on Tuesday that it will lead a $50 million investment into lithium extraction and refining startup EnergyX. With the deal, the legacy automaker says it will help EnergyX scale its lithium-extraction tech. In exchange, GM will […] GM leads $50M EnergyX deal to lock down lithium for its EVs by Harri Weber originally published on TechCrunch... →

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package. Daily Crunch: YouTube sets $249 starting price for NFL Sunday Ticket subscriptions  by Christine Hall originally published on TechCrunch... →

Former Theranos CEO and convicted fraud Elizabeth Holmes is expected to go to prison on April 27 for a sentence of more than 11 years. After Holmes was found guilty on four fraud counts last year, her lawyers have made numerous attempts to delay her incarceration, like petitioning for a new trial. Now Judge Edward […] Elizabeth Holmes is denied request to stay out of prison by Amanda Silberling originally published on TechCrunch... →

Hyundai Motor Group will invest 24 trillion won (~$18 billion) in South Korea’s electric vehicle industry through 2030, the company said Tuesday. The news comes a week after Kia, which falls under the Hyundai umbrella, announced its own 32 trillion won (~$24 billion) investment into electrification and future business areas. Hyundai’s investment plan was revealed […] Hyundai Motor to invest $18B in South Korea’s EVs by 2030 by Rebecca Bellan originally published on TechCrunch... →

Twitter, Inc. is now called X Corp, according to a court filing in California. Since Twitter is no longer a public company, it does not have to report updates like name changes to the SEC. But in any case, the new name was spotted in an April 4 document related to far-right activist Laura Loomer’s […] Twitter, Inc. is now X Corp by Amanda Silberling originally published on TechCrunch... →

Life comes at you fast. A couple of months ago I wrote how Smoakland was testing a loophole to sell cannabis by credit card. The test failed, apparently. “Upon further review, it has come to our attention that the way the process was described in the article could potentially be seen as bank fraud. As […] Whoops, using crypto and cannabis don’t mix after all by Haje Jan Kamps originally published on TechCrunch... →

TikTok quietly launched “animated video stickers” for direct messages in February, the company confirmed to TechCrunch. Video stickers essentially work like GIFs and are an expansion of TikTok Stickers, which rolled out last December and allow users to create and upload their own custom images to be used in direct messages. Users can browse through […] TikTok quietly launched a GIF-like ‘video stickers’ feature for direct messages by Aisha Malik originally published on TechCrunch... →

Chinese regulators have proposed restrictive rules around AI models like ChatGPT being built in the country, requiring user identification, security reviews, and prohibiting “any content that subverts state power, advocates the overthrow of the socialist system, incites splitting the country or undermines national unity.” The rules come hot on the heels of Chinese tech companies […] Prohibition of AI that ‘subverts state power’ in China may chill its nascent industry by Devin Coldewey originally published o... →