Paytm loss widens and revenue shrinks following regulatory clampdown

Paytm’s loss widened even as revenue declined by 36% year-on-year as the once-poster star of Indian startup ecosystem continues to grapple with the Reserve Bank of India’s clampdown that significantly curtailed the payments bank business unit. The Noida-headquartered firm’s loss more than doubled to $100 million in the quarter ending …...Read More

Fandango founder dies in fall from Manhattan skyscraper

J. Michael Cline, the co-founder of Fandango and multiple other startups over his multi-decade career, died after falling from a Manhattan hotel, New York’s Deputy Commissioner of Public Information tells TechCrunch. The New York Police Department responded to 911 calls from the Kimberly Hotel, a 30-story hotel on 50th street …...Read More

Researcher finds flaw in a16z website that exposed some company data

At the end of June, a security researcher found a vulnerability in a web app used by a16z, one of the most powerful and influential Silicon Valley venture capital firms, which exposed some data about the firm’s portfolio companies. The bug has since been fixed. On June 30, a security …...Read More

Apple Vision Pro debuts immersive content featuring NBA players, The Weeknd and more

Apple on Thursday announced its upcoming lineup of immersive video content for the Vision Pro. The list includes behind-the-scenes footage of the 2024 NBA All-Star Weekend, an immersive performance by The Weeknd, new series, films, concerts and more. The headset launched in February with more than 150 3D movies and …...Read More

Elon Musk is now a villain in Joe Biden's presidential campaign

Elon Musk has made it clear he doesn’t like Joe Biden. But since Musk officially endorsed and is reportedly financially backing Donald Trump in this year’s presidential campaign, Biden is returning the favor. The president is now directly campaigning on Musk — and other high-profile and wealthy Silicon Valley VCs …...Read More

Waymo wants to bring robotaxis to SFO, emails show

Waymo is ramping up efforts to gain access to a lucrative robotaxi use case: pickups and drop offs at the San Francisco International Airport, according to emails viewed by TechCrunch and obtained through a Freedom of Information Act request. Waymo already has the required permits to commercially operate its robotaxi …...Read More

Why it made sense for an online community college to raise venture capital

When Tade Oyerinde first set out to fundraise for his startup, Campus, a fully-accredited online community college, it was incredibly difficult. VCs have backed for-profit education companies in the past, including Coursera and Udacity, but backing a more traditional two-year college is different. Plus, he was looking for funds a …...Read More

PE firm PartnerOne paid $28M for HeadSpin, a fraction of its $1.1B valuation set by ICONIQ and Dell Technologies Capital

Canadian private equity firm PartnerOne paid $28.2 million for HeadSpin, a mobile app testing startup whose founder has been sentenced for fraud earlier this year, according to documents viewed by TechCrunch. The fire sale was reported by TechCrunch last week. HeadSpin’s 2023 revenue was $21 million and its Q1 2024 …...Read More

Meta puts a halt to training its generative AI tools in Brazil

Meta has suspended the use of its AI assistant after Brazil’s National Data Protection Authority (ANPD) banned the company from training its AI models on personal data from Brazilians. The move puts a dent in Facebook’s attempt to build out its AI products in Brazil, a market with more than …...Read More

Fisker scores a win, an AV startup reboots in Texas, and why Elon pushed the Tesla robotaxi reveal

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Another week, another batch of transportation news. And as always, senior reporter Sean O’Kane is deep in the Fisker beat. Fisker has …...Read More