Tesla sued a former engineer for allegedly stealing trade secrets from its humanoid robotics program, Optimus, and using them to launch a rival startup. The lawsuit, which was filed on Wednesday and originally reported on by Bloomberg, accuses Zhongjie “Jay” Li of stealing trade secrets regarding Tesla’s development of “advanced robotic hand sensors” to launch […]
Canary, the hotel guest management platform, announced Thursday the raise of an $80 million Series D in a round led by Brighton Park Capital. Harman Singh Narula and childhood friend SJ Sawhney launched the company in 2018 to help hotels digitize and automate guest interactions. The company has raised nearly $180 million in funding to […]
New York-based micromobility startup Infinite Machine has revealed a seated scooter called Olto that will cost $3,495 when it starts shipping later this year. The Olto will feature 40 miles of range, pulled from an easily swappable 48V lithium-ion battery. Infinite Machine says the Olto will have a top speed of 20 miles per hour […]
Last year, Apple’s WWDC keynote highlighted the company’s ambitious strides in AI. This year, the company toned down its emphasis on Apple Intelligence and concentrated on updates to its operating systems, services, and software, introducing a new aesthetic it calls “Liquid Glass” along with a new naming convention. Nevertheless, Apple still attempted to appease the […]
One of the year’s most anticipated IPOs took place on Thursday when neobank Chime raised $864 million in its IPO, pricing its shares at $27, above its previously announced range of $24 to $26. That gave it a starting market cap of about $9.8 billion. While some would point out that this is far below […]
Researchers revealed on Thursday that two European journalists had their iPhones hacked with spyware made by Paragon. Apple now says it has fixed the bug that was used to hack their phones. Citizen Lab wrote in its report, shared with TechCrunch ahead of its publication, that Apple had told its researchers that the flaw exploited […]
Battery manufacturer Powin filed for bankruptcy on Wednesday. The Oregon-based company said it has more than $300 million in debt. The Chapter 11 filing will let the company continue operating while it restructures its debt. Powin manufactured grid-scale batteries using lithium-iron-phosphate (LFP) cells from China. Powin had been searching for alternative domestic suppliers, but the […]
Selling software to companies is such a time-consuming process. Even after customers are convinced a product is right for their organization, they still need to ensure the software meets all their security requirements. Chas Ballew realized just how painfully slow and tedious the vendor security and compliance review process was when he was running Aptible, […]
Two European journalists were hacked using government spyware made by Israeli surveillance tech provider Paragon, new research has confirmed. On Thursday, digital rights group The Citizen Lab published a new report detailing the results of a new forensic investigation into the iPhones of Italian journalist Ciro Pellegrino and an unnamed “prominent” European journalist. The researchers […]
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