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Brett Adcock Contributor Brett Adcock is the founder of Figure, an AI robotics company building a general-purpose humanoid robot. Previously, he founded Archer Aviation, an urban air mobility company that went public at $2.7B and Vettery, a machine learning-based talent marketplace that was acquired for $110M. Yesterday, the U.S. experienced its second-largest bank failure in
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management
Jonathan Schwartz Contributor When engaging with our portfolio companies as well as with new investment opportunities, we’ve noticed that “profitability” and “efficiency” are two words that are often grouped with “growth” in every sentence. Three months into 2023, investors continue to use buzz words like “responsible growth,” “business efficiency” and “quality marketing” when explaining how
For years, Phil George was the executive sponsor of a mentoring program at McMaster-Carr, an industrial hardware supplier, where he spent weeks trying to match program participants with only scant information about them to go on. Employees often requested resources while mentors asked for training, and mentees wanted more guidance on goals. And as the
Among the wave of Spotify announcements coming out of today’s Spotify Stream On event, the company also shared some exciting news with podcast listeners — in particular, Batman fans. Spotify is launching a new podcast series “The Riddler: Secrets in the Dark,” starring comedian-actor Hasan Minhaj as The Riddler. As part of Spotify’s exclusive multiyear
Garin Hess, a tech entrepreneur based in Utah, experienced what he calls the “demo bottleneck” at a previous software-as-a-service (SaaS) startup while pitching to potential customers. He theorized that a self-directed interactive demo, personalized to each stakeholder, could not only streamline the process and save time, but also help organically discover and engage other stakeholders
Twitter’s paid plan Twitter Blue is now available to more than 20 new countries in Europe. These countries include Netherlands, Poland, Ireland, Belgium, Sweden, Romania, Czech Republic, Finland, Denmark, Greece, Austria, Hungary, Bulgaria, Lithuania, Slovakia, Latvia, Slovenia, Estonia, Croatia, Luxembourg, Malta, and Cyprus. This expansion makes the social network’s subscription service available in more than
Scott Belsky, chief product officer and executive vice president for Adobe’s Creative Cloud, believes there’s a big difference between the hype cycle around web3 last year, and what we’re seeing this year with ChatGPT and other generative AI models. Belsky, who was interviewed by Forbes reporter Alex Konrad at the Upfront Summit in Los Angeles
Several competition watchdogs in Africa plan to collectively interrogate the market conduct of global digital firms, putting big techs like Google and Meta, which have faced investigations and remedial action in other jurisdictions, on alert. The planned investigations follow a decision by the regulators from Kenya, Egypt, Mauritius, Nigeria, South Africa, Morocco, Gambia, Zambia last
The all-in-one fintech app Revolut has released its annual report for 2021. While 2021 ended more than a year ago, this report includes some significant figures as the company nearly tripled its revenue between 2020 and 2021. Because of this explosive growth trajectory, the company reached profitability for the first time. Revolut’s financial success starts
TikTok has been banned from government-issued mobile devices in Canada, the country’s Treasury Board announced Monday. Taking effect on February 28, this block follows similar actions taken by the European Commission and some state governments in the U.S. The European Commission issued their directive to remove TikTok from government devices late last week. That same
Twitter has laid off at least another 50 employees, according to a report from The Information and posts on social media from former workers. And apparently not even Elon Musk loyalist Esther Crawford, the chief executive of Twitter payments who oversaw the company’s Twitter Blue verification subscription, was spared, according to Platformer’s Zoë Schiffer. Alex