Category: Tech Crunch

OpenAI currently has a deal to share 20% of revenue with Microsoft, but the AI company expects to cut that share to 10% by 2030, The Information reported.

DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.85 billion).

Elon Musk may have a sizable fan base, but residents of the upscale Austin suburb of West Lake Hills, Texas, are unimpressed by their celebrity neighbor, reports the New York Times. Instead, a $6 million home Musk purchased in 2022 has become the center of a battle after his team erected an unauthorized 16-foot chain-link...

Employer.com has acquired MainStreet.com for an undisclosed amount, the latest fintech startup to get snapped up by the workforce management company. In a post on X, Employer.com Chairman and co-founder Jesse Tinsley said the two companies were “merging forces to simplify business back office solutions into one powerhouse platform.” Tinsley confirmed the acquisition to TechCrunch....

Waymo has played coy for years about exactly how many Jaguar I-Pace EVs are in its autonomous fleet — a figure that covers vehicles used in testing and commercial robotaxi operations. On Monday, the Alphabet company finally provided a peek at the commercial side of the fleet. Waymo said Monday, as part of a larger...

Uber and Chinese autonomous vehicle technology company WeRide plan to expand a commercial robotaxi partnership and bring the service to another 15 cities over the next five years. The expansion comes five months after the two companies launched a commercial robotaxi service in Abu Dhabi.  The companies said the expansion will include cities in Europe. Under...

Anysphere, the maker of AI-powered coding tool Cursor, has attracted $900 million in a fresh round of funding led by Thrive Capital, The Financial Times reported, citing anonymous sources familiar with the deal. Andreessen Horowitz (a16z) and Accel are also participating in the round, which values Anysphere at about $9 billion, the report said. Cursor...

While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure. Now, after raising $13 million in a pre-Series C round led by Casablanca-based Al Mada Ventures and DPI’s Nclude Fund, the Cairo-based...

Duolingo announced plans this week to replace contractors with AI and become an “AI-first” company — a move that journalist Brian Merchant pointed to as a sign that the AI jobs crisis “is here, now.” In fact, Merchant spoke to a former Duolingo contractor who said this isn’t even a new policy. The company cut...

President Donald Trump has already delayed a TikTok ban twice, and he said Sunday that he’s willing to do it again. Axios reports that during an interview with NBC’s “Meet the Press,” Trump said that if a deal isn’t made to sell TikTok’s U.S. operations to American owners before the current June 19 deadline, he...