Prosus writes off $22 billion Indian edtech giant Byju’s
Major investor Prosus has written off the worth of its 9.6% stake in edtech firm Byju’s to zero, signaling a loss of confidence in the once-most valued Indian startup. Prosus, the largest external investor in Byju’s, wrote off the startup…
Streaming execs think TV’s future looks a lot like its past
We’re at a transitional moment in streaming — user growth is slowing and major players are looking to consolidate, but the long-promised dream of profitability finally seems within reach (especially if you’re Netflix). The perfect time, then, for The New…
Ilya Sutskever isn’t done working on AI safety
Welcome back to TechCrunch’s Week in Review — TechCrunch’s newsletter recapping the week’s biggest news. Want it in your inbox every Saturday? Sign up here. This week, Ilya Sutskever launched a new AI company, Safe Superintelligence Inc. (SSI), just one…
OmniAI transforms business data for AI
The majority of companies struggle to extract value from their data. Several years ago, Forrester reported that between 60% and 73% of data belonging to the average business goes unused for analytics. That’s because the data’s siloed or otherwise pigeonholed by technical…
The fight over Fisker’s assets is already heating up
Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets “outside the court’s supervision.” At issue is the relationship between…
Tesla makes Musk best-paid CEO of all time and Fisker bites the dust
Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Elon Musk just convinced Tesla shareholders to approve his $56 billion…
Zepto, a 10-minute delivery app, raises $665M at $3.6B valuation
Zepto has raised a massive $665 million in a new round of funding, more than doubling its valuation to $3.6 billion from $1.4 billion in less than a year, as the Mumbai-based startup doubles down on its efforts to capture…
Apple releases Final Cut Pro for iPad 2 and Final Cut Camera
Apple has released Final Cut Pro for iPad 2 and Final Cut Camera, the company announced on Thursday. Both apps were previously announced during the company’s iPad event in May. Apple also released updates for Final Cut Pro for Mac….
PQShield secures $37M more for ‘quantum resistant’ cryptography
Malicious hacking is getting increasingly sophisticated, and that’s leading to a very clear trend in security technology. To keep people and organizations safe, security also has to continue advancing its own complexity. Security startup PQShield has gotten an early start…
Ilya Sutskever, OpenAI’s former chief scientist, launches new AI company
Ilya Sutskever, one of OpenAI’s co-founders, has launched a new company, Safe Superintelligence Inc. (SSI), just a month after leaving OpenAI. Sutskever, who was OpenAI’s longtime chief scientist, founded SSI with former YC partner Daniel Gross and ex-OpenAI engineer Daniel…