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xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
<div><p>xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company – is expected to close in the next few weeks unless the terms […]</p>
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Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
<div><p>Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food […]</p>
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The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.
<div><p>The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require employees who aren’t senior executives to wait a set amount of time before joining a competitor or launching their own company in the same category. While the FTC’s ruling will impact industries like […]</p>
<p>© 2024 TechCrunch. All rights reserved. For personal use only.</p></div>
Intel reports 9% YoY Q1 growth, driven by computing, AI and edge products
Intel announced its earnings under its new financial structuring model as it seeks to establish itself as a leader in AI hardware.Read More
Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn
<div><p>Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, and at that time, the firm said it increased its capital pool by […]</p>
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Defense startup True Anomaly lays off around 25%, cancels summer internship
<div><p>Space and defense startup True Anomaly has laid off around 25% of its workforce and cancelled its summer internship program, TechCrunch has learned.</p>
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Boeing’s Starliner set to fly astronauts for the first time on May 6
<div><p>This will mark Starliner’s second flight to the ISS: The first, an uncrewed mission called Orbital Flight Test-2, took place in May 2022.</p>
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Snap says total watch time on its TikTok competitor increased more than 125%
<div><p>As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. The company is touting the success of its short-from video feed a […]</p>
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It’s a sunny day for Google Cloud
<div><p>Google Cloud had a blockbuster quarter, driving parent company Alphabet's revenues — and stock price — to impressive highs.</p>
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Australia news live: Sussan Ley ‘really disappointed’ with Elon Musk; Albanese joins Katter and Lambie for two-up
Follow the day’s news live ...
Elon Musk Invested $1B Into Mel Gibson and Mark Wahlberg's 'Un-Woke' Production Studio?
Elon Musk has invested $1 billion dollars into actors Mel Gibson and Mark Wahlberg’s "un-woke" production company.
Tesla Stock Has Best Day In 842. Elon Musk Fixed a Big Mistake in a Nick of Time.
Things turned out a little differently, with the results repudiating something else: lousy strategic planning by Tesla and ...
Innocent S Korean woman falls victim to Elon Musk's deep fake video
Elon Musk’s deep fake video has made a South Korean woman fall victim to a scam and made her lose more than $49,000.The woman ...
Elon Musk Launches X TV App
Elon Musk bought X, formerly Twitter, in 2022 and plans to expand the platform’s reach through a new TV app.
How AI Is Transforming Keyword Research (and Why You Can't Afford to Ignore It)
<div>Learn how AI tools can streamline keyword research, improve content targeting accuracy and boost SERP rankings. Whether you're a beginner or a seasoned professional, this guide is a must-read for success in the digital space.</div>
Cyberattacks on Poland surged after election of pro-Ukraine government, NetScout says
Cyber attackers battered Poland after the country’s change of government late last year. DDoS attacks at the end of 2023 were nearly quadruple the country’s average, according to cybersecurity firm NetScout’s observations. The surge began when the Law and Justice party (PiS) lost its majority in last year’s Polish general election. PiS had ruled the country since 2015. It was replaced by a coalition government, which reaffirmed support for Ukraine’s defence against Russia’s invasion. NetScout de
3 Quintessential Skills To Help Your Teen Thrive in College
<div>As teens continue to face increased anxiety around academic achievement and other parts of their life, here are three things we can do as parents to equip them with the skills they need to thrive.</div>
FCC officially votes to reinstate net neutrality
<div><p>This restores, with some changes and protections, the rules passed back in 2015 allowing the FCC to enforce basic rules of connectivity and fairness in broadband.</p>
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Rubrik’s shares climb 20% in its public debut
<div><p>This share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88% from its last primary valuation of $3.5 billion in 2019.</p>
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Bluesky backs a project that would let Mastodon apps, like Ivory, work with its network
<div><p>SkyBridge was among the recipients of a small distribution of $4,800 in grant funding from Bluesky, distributed across projects.</p>
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