Tech News – Page 4064 – I wish I had more to offer

Robinhood lays off almost a quarter of its staff

For the second time this year, Robinhood is cutting its headcount. On Tuesday, the company announced it would lay off 23 percent of its workforce. According to CEO Vlad Tenev, the cuts will affect every part of Robinhood’s business but will primarily target the company’s “operations, marketing and program management functions.” Tenev blamed a deteriorating… Continue reading Robinhood lays off almost a quarter of its staff

Interactive musical series ‘We are OFK’ hits PlayStation, Switch and PC on August 18th

Back at the 2020 edition of The Game Awards, we learned about We Are OFK, a new project from Hyper Light Drifter co-designer Teddy Dief and their collaborators at Team OFK. It was supposed to debut in spring 2021 but, as has been the way of things for the last few years, it was delayed.… Continue reading Interactive musical series ‘We are OFK’ hits PlayStation, Switch and PC on August 18th

Here’s what embedded tweets could look like after they’re edited

One of Twitter’s most anticipated features — the edit button — is still in development. But thanks to app researcher Jane Manchun Wong, we have an idea of how edits to embedded tweets on a website will carry over. If a tweet gets edited after it is embedded on a website (say, in a news… Continue reading Here’s what embedded tweets could look like after they’re edited

Chevy Bolt owners must choose between rebates and battery defect lawsuits

Chevy offered rebates to Bolt EV owners who bought their cars just before a 2023 model price drop, but that discount comes with a large catch. Jalopnik and Autoblog note the rebate application requires that drivers “forever waive and release” their right to sue GM or LG over the Bolt’s reported battery defect. You’d have… Continue reading Chevy Bolt owners must choose between rebates and battery defect lawsuits

Asia-focused SPAC Catcha Investment 2.0 withdraws $250m US IPOThe withdrawal comes over a year after Catcha filed to raise $275m for its first SPAC

Catcha Investment 2.0, the second blank cheque company formed by Singapore-based internet investment firm Catcha Group, has filed to withdraw its plans to raise $250 million in an initial public offering (IPO) in the US. The special purpose acquisition company (SPAC) earlier filed to raise up to $250 million by offering 25 million units at… Continue reading Asia-focused SPAC Catcha Investment 2.0 withdraws $250m US IPOThe withdrawal comes over a year after Catcha filed to raise $275m for its first SPAC

Thai corporate VCs ramp up venture building in innovation pushThese venture builders are seen to fill gaps in the local tech ecosystem.

Thai conglomerates, who have actively invested in regional and global startups through their corporate venture arms, are ramping up their venture-building programmes to stay on top of the innovation game. Thai industrial groups such as financial services major SCBX, energy sector player PTT and Siam Cement Group (SCG) have been incubating startup ideas internally and… Continue reading Thai corporate VCs ramp up venture building in innovation pushThese venture builders are seen to fill gaps in the local tech ecosystem.

Thai PTT sells coal business to Indonesia’s Astrindo for $471m

Thai state-owned energy firm PTT Pcl said on Tuesday it had agreed to sell its coal unit to Indonesia’s PT Astrindo Nusantara Infrastruktur Tbk for $471 million, as the company moves out of the coal business entirely. The sale was aligned with PTT’s strategy to move towards sustainability and clean energy, chief executive Auttapol Rerkpiboon… Continue reading Thai PTT sells coal business to Indonesia’s Astrindo for $471m

Uber likely seller of 7.8% stake in India’s Zomato

Uber Technologies is the likely seller of a 7.8% stake in Indian food delivery firm Zomato being disposed of via a $373 million block deal on Wednesday, according to a source with direct knowledge of the matter. The offer size of 612 million shares worth $373 million is based on the lower end of a… Continue reading Uber likely seller of 7.8% stake in India’s Zomato

TuSimple addresses autonomous truck crash during Q2 earnings call

Autonomous trucking company TuSimple used its second-quarter earnings call to address an April crash during which one of the company’s autonomous trucks suddenly veered across the I-10 highway in Tuscon, slamming into a concrete barricade. The crash first came to light via a YouTube video that showed footage of the crash along with a letter… Continue reading TuSimple addresses autonomous truck crash during Q2 earnings call

Hear how to accelerate slow-moving industries on TechCrunch Live

Dan Lewis launched Convoy in 2015 into an established industry dominated by several legacy businesses. Now worth $3.8 billion, the company is a leader in bringing digital services to trucking and freight. We’re thrilled to have him on TechCrunch Live this week, along with Chris Howard, founding partner at Fuel Capital, which invested in Convoy’s… Continue reading Hear how to accelerate slow-moving industries on TechCrunch Live