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Musk raises $6B for AI startup. Also, is TikTok dodging Apple’s commissions?

Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is c

Three things we learned about Apple’s AI plans from its earnings

Despite spending more than $100 billion on R&D over the last five years, Apple isn't planning to spin up too many new data centers to run or train AI models.

Fisker stiffed the engineering firm developing its low-cost EV and pickup truck, lawsuit claims

Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the

Instagram now lets you post a secret Story that viewers can uncover with a DM

Instagram is adding a handful of new features for Stories to give users more creative ways to share content and engage with each other, the company announced on Friday. Most notably, the social networ

Sprinklr lays off more than 100 employees

The new job cuts come over a year after the company cut about 4% of its headcount in February last year.

Despite recent successes, IPO market still won’t fully open until 2025

Experts say macroeconomic factors including the upcoming election and the current state of the economy will deter too many IPOs this year.

EQT snaps up API and identity management software company WSO2 for more than $600M

WSO2, a company that provides API and identity management services for enterprises, has been acquired by EQT for more than $600M.

How to play Pokémon and other Game Boy games on your iPhone

Apple finally updated its App Store guidelines to allow global developers to host retro game emulators on iOS. Now, you don’t need to jailbreak your iPhone or download any sketchy software &#821

10 years in the making, retro game emulator Delta is now No. 1 on the iOS charts

Video game emulator Delta’s decade-long struggle against the iOS App Store began with a school-issued TI-84 calculator. When Riley Testut was a sophomore in high school, he showed his friends how to

Climate tech investment roars back with an $8.1B start to 2024

Companies focused on reducing CO2 emissions raised big sums, second only to Q3 2023.

Allozymes puts its accelerated enzymatics to work on a data and AI play, raising $15M

Allozymes uses a method in which millions of enzymes can be tested per day, rather than just a few hundred.

Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle

The numbers are in, and the cloud infrastructure market grew at a brisk pace this quarter driven by increasing interest in generative AI.

TechCrunch Minute: Spotify’s move to paywall lyrics is putting pressure on free users

Spotify’s slow movement to put lyrics behind its paid service wall in its music service are about as popular as you would expect. Precise details of the update are evolving but what we can say a

UnitedHealth data breach should be a wake-up call for the UK and NHS

The ransomware attack that has engulfed U.S. health insurance giant UnitedHealth Group and its tech subsidiary Change Healthcare is a data privacy nightmare for millions of U.S. patients, with CEO And

NASA is expanding its Wallops Island facility to support three times as many launches

NASA is kicking off a formal environmental assessment of its facilities on Wallops Island, Virginia, to increase the number of authorized rocket launches at the site by almost 200%, according to slide

When a startup is better off saying no to revenue

It's hard for early-stage founders to say no to revenue from a large customer, whose needs might not align with the broader customer base.

How Y Combinator’s founder-matching service helped medical records AI startup Hona land $3M

Y Combinator's founder matching tool has quietly become one of most powerful offerings. That's how medical records AI startup Hona was founded.

Inside TC’s Techstars investigation and how AI is accelerating disability tech

The downturn in venture capital funding has impacted startups, VC firms, and accelerators alike. One company in the final category, Techstars, has been shaking up its operations for some time now, lea

Google dubs Epic’s demands from its antitrust win ‘unnecessary’ and ‘far beyond the scope’ of the verdict

The new filing, along with Epic's proposal, will help to inform Judge James Donato in a hearing scheduled on May 23 about what actions to take next to put Google’s power in check.

Apple: Pay attention to emerging markets, not falling China sales

Apple’s chief financial officer Luca Maestri challenged investor worries over an 8% drop in China revenue by noting that sales in other emerging markets are growing. “When we start looking
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