TuSimple co-founder resigns, accused of poaching staff for new venture

TuSimple’s co-founder, Xiaodi Hou, resigned from the company’s board of directors last week amid an internal investigation which sought to verify claims that Hou approached TuSimple employees about leaving... Read more »

Indonesia’s Broom builds out automated asset-backed lending for used car dealers

The Indonesian used car market is on a course for growth fueled by a number of trends: the increasing digitization in used car sales; a larger variety of finance options;... Read more »

Fortnite’s maximalism still works in its new cyberpunk season

After a handful of eclectic recent chapters, Fortnite’s latest is taking a theme and running with it. Chapter Four, Season Two of Fortnite went live over the weekend, revamping... Read more »

Microsoft lays off an ethical AI team as it doubles down on OpenAI

Microsoft laid off an entire team dedicated to guiding AI innovation that leads to ethical, responsible and sustainable outcomes. The cutting of the ethics and society team, as reported... Read more »

Silicon Valley Bank’s new CEO sends letter to clients: ‘We are conducting business as usual’

Silicon Valley Bank’s clients received a surprising email in their inboxes late Monday evening from the bank’s new CEO Tim Mayopoulos stating that the institution was not only open,... Read more »

California court upholds Prop 22 in win for Uber, Lyft, DoorDash

A California appeals court on Monday reversed a lower-court ruling that found Proposition 22, the ballot measure passed in November 2020 that classified Uber and Lyft drivers as independent... Read more »

Arrival nabs $300M lifeline, but is still seeking more funds

Struggling electric vehicle company Arrival has secured a $300 million lifeline to help it stay in business into late 2023, but no later. The company is seeking additional dedicated... Read more »

Finding your startup’s valuation: An angel investor explains how

Marjorie Radlo-Zandi Contributor Share on Twitter Marjorie Radlo-Zandi is an entrepreneur, board member, mentor to startups and angel investor who shows early-stage businesses how to build and successfully scale... Read more »

Starlink and T-Mobile’s sat-to-cell service will start testing this year

SpaceX and T-Mobile will begin testing a new service to bring satellite connectivity to cell phones this year, a SpaceX executive said. The news, first reported by CNBC, suggests... Read more »

Daily Crunch: HSBC buys Silicon Valley Bank UK, says ‘customers should not notice any changes’

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. H’okay, so here’s the earth. That’s... Read more »
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