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Fisker-Foxconn EV partnership ‘moving faster than expected,’ CEO Henrik Fisker says

U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spe

Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders

Last summer, in the wake of George Floyd’s murder, Best Buy committed to “do better” when it came to supporting communities of color. As part of the retail giant’s self-proclaimed mission

Daily Crunch: Google reveals new designs and improved chip for Nest Cam and Doorbell

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

How Uber plans to rebound from massive Q2 losses stemming from driver incentives

  Uber’s second-quarter earnings revealed greater than expected losses, in large part due to the company’s massive $250 million stimulus package launched in April to incentivize drivers back

Duolingo is working on a math app for kids

Duolingo, best known for its whimsical owl and language-learning app, is working on a new product to add to its growing suite: a math app, according to CEO Luis von Ahn. The co-founder mentioned the a

How Ward van Gasteren thinks about growth hacking today

Ward van Gasteren embraces the “growth hacker” term, despite the fact that some in the profession prefer the term “growth marketing” or simply “growth.” What’s the difference to him? The

New Apple technology will warn parents and children about sexually explicit photos in Messages

Apple later this year will roll out new tools that will warn children and parents if the child sends or receives sexually explicit photos through the Messages app. The feature is part of a handful of

Founders must learn how to build and maintain circles of trust with investors

Founders should definitely pursue big rounds at sky-high valuations, but it’s important that they recognize how important it is to manage who they allow into their mentorship circles.

Creators can now monetize their expertise on Quora

In May, Yahoo! Answers shut down after helping the internet answer its most burning questions since 2005. But now, Quora, which began as a question-and-answer site but expanded to incorporate blogging

Apple confirms it will begin scanning iCloud Photos for child abuse images

Later this year, Apple will roll out a technology that will allow the company to detect and report known child sexual abuse material to law enforcement in a way it says will preserve user privacy. App

Twitter Spaces now let you invite co-hosts

Fleets weren’t long for this world, but Twitter’s product teams aren’t slowing down on bringing new stuff to Spaces, the company’s own take on audio rooms. Twitter introduced S

A blueprint for building a great startup founding team

Putting the right people in the right roles early on can be the difference between success and failure — and that starts at the top.

Walter Isaacson is working on a biography of Elon Musk

Walter Isaacson, the biographer who chronicled the lives of Steve Jobs, Benjamin Franklin and Leonardo da Vinci, is turning his attention to the life and career of Elon Musk. The Tesla CEO announced t

John Deere buys autonomous tractor startup Bear Flag Robotics

In the world of robotic startups, acquisition is often as good an outcome as any. And when it comes to robotic tractor startups, you could do worse than being acquired by John Deere. The agricultural

Drunk-driving provision could fuel demand for driver monitoring technology

Companies developing driver detection technology could get a boost from a provision tucked inside the 2,702-page $1 trillion infrastructure bill that would require automakers to build into new cars te

Aduhelm approval sparks HHS watchdog review of FDA’s accelerated approval pathway

The Department of Health and Human Services (HHS) Office of the Inspector General will review the FDA’s accelerated approval pathway, the office announced Wednesday. This sweeping review comes just

Qualcomm wants to buy Veoneer for $4.6B, beating Magna’s offer

The $3.8 billion sale of Swedish automotive tech company Veoneer to Magna International hit a roadblock Thursday after chipmaker Qualcomm submitted a bid for the company for $800 million more. Qualcom

Yelp adds tools that let businesses share their COVID policies related to vaccines

As more businesses around the U.S. are choosing to implement vaccine requirements for patrons or staff, business discovery and review site Yelp is introducing new tools that allow businesses to commun

Do bronze medals ever make sense for unicorns?

When should a startup decide to cease its efforts to challenge leading players in a specific market?

Allocations sees a world where myriad, smaller private equity funds are the norm

This morning Allocations, a fintech startup building software to help smaller private equity funds form and operate, announced that it has raised a $4 million round at a $100 million valuation. The st
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