Latest Business News, Market Insights & Global Economy Updates
The always-a-good-time Slush conference took place last week in Helsinki and, as always, it was a showcase of the growing power of the European ecosystem. The Nordics, specifically, are having a moment, led this time around by Sweden’s vibe-coding darling Lovable, often regarded as an example of the ecosystem’s growing success. Other standout, albeit older…
Italian company Bending Spoons flew largely under the radar — until last month. In a span of 48 hours, the company announced the acquisition of AOL and a massive $270 million raise, quadrupling its valuation to $11 billion, up from $2.55 billion set in early 2024. Bending Spoons has grown rapidly by acquiring stagnating tech…
Warner Music Group (WMG) announced on Tuesday that it has reached a deal with Suno, settling its copyright lawsuit against the AI music startup. WMG said in a press release that the deal with Suno will “open new frontiers in music creation, interaction, and discovery, while both compensating and protecting artists, songwriters, and the wider creative…
Amazon Web Services is making a sizable new investment in infrastructure designed to boost AI capabilities for U.S. government organizations. AWS announced Monday it is investing $50 billion to build AI “high-performance computing infrastructure” purposefully built for the U.S. government. The buildout is meant to expand federal government agencies’ access to AWS AI services. The…
Roblox CEO Dave Baszucki joined The New York Times’ Hard Fork podcast to discuss the gaming platform’s new age-verification feature — but he seemed to get frustrated at the number of questions focused on child safety. The interview began with Baszucki describing the feature, which will require all users to submit a face scan if…
In the early days of social media, posting a rant about the latest episode of “Grey’s Anatomy” on Myspace felt like the ultimate Thursday night activity. And discovering a Facebook group called “Team Jacob Forever” was one of the best finds. Nowadays, finding that perfect niche community can seem impossible, but a new social app…
Elon Musk’s Grok really, really loves its creator. Since this week’s release of Grok 4.1, X users have circulated posts and screenshots that show Grok vastly overestimating Musk’s abilities — like when Grok was asked about how Musk would perform as a professional football player. “hey @grok if you had the number one overall pick…
Build Mode is back with another episode! This season is highlighting lessons learned from the world of go-to-market strategies. Startup Battlefield editor Isabelle Johannessen sat down with Luna co-founder Jas Schembri-Stothart and Untapped Solutions founder Andre Peart for their unique perspectives on reaching niche customer segments following their own candidacy during the 2024 Startup Battlefield competition. If our first episode, with Deon Nicholas, co-founder of Forethought AI, we…
The Securities and Exchange Commission has accused content monetization startup Curastory of overstating revenue to investors and misrepresenting true client numbers, according to paperwork seen by TechCrunch. As a result of a settlement with the SEC, Curastory’s founder and CEO, Tiffany Kelly, has resigned from the role and replaced herself with Dave Dickman, former CEO of the influencer marketing platform Tagger. Under Dickman’s leadership, the company has begun fundraising, international…
For Daniil Boiko and Andrei Tyrin, the idea for Onepot AI came from the same frustration. “The best ideas in drug discovery were often blocked not by biology, but by synthesis,” Boiko told TechCrunch. Synthesis is the creation of new molecules by using chemical reactions. It’s like a recipe or Lego pieces, where small pieces,…
