austin

Waymo launches driverless rides for employees in Austin

Waymo will start letting its autonomous vehicles traverse Austin without a safety operator behind the wheel as of tomorrow, a crucial step before the company opens the program up to the public. The co

Ahead of congressional hearing on child safety, X announces plans to hire 100 moderators in Austin

X, formerly Twitter, is trying to placate lawmakers about the app’s safety measures ahead of a Big Tech congressional hearing on Wednesday, which will focus on how companies like X, Meta, TikTok

Is the Texas boom town of Austin losing its luster?

Texas has been historically known for its oil booms. Today the state is perhaps better known as a magnet for tech companies and tech talent, especially in its capital city of Austin. But with some sta

Waymo is bringing its robotaxi service to Austin

Waymo plans to launch a robotaxi service in Austin — putting the company once again in direct competition with rival Cruise. Austin will be the company’s fourth commercial market following

Tuesday Capital, a Silicon Valley firm that moved to Austin during the pandemic, captures $31M for its newest seed-stage fund

Austin seems to agree with Tuesday Capital. When the 12-year-old seed-stage outfit — originally called CrunchFund  —  was co-founded by longtime VC Patrick Gallagher and TechCrunch found

Volkswagen to start testing self-driving ID Buzz vans in Austin

Volkswagen has launched an autonomous vehicle test program in Austin using a fleet of 10 all-electric ID Buzz vehicles equipped with partner Mobileye’s technology. The new program comes about ni

StellarFi lands $15M to help people build credit by paying bills, rent on time

Building credit is hard when it’s difficult to even get credit. And while it’s not impossible to get loans or credit cards, they are usually offered at high interest rates to the people who can le

8VC raises $880M in new fund that aims ‘to fix a broken world’

Austin-based venture firm 8VC, led by controversial Palantir founder Joe Lonsdale, has raised $880 million in its fifth fund. In a blog post published today, Lonsdale — who serves as 8VC’s gen

Fatal police shooting of startup founder puts Austin’s diversity issues in the spotlight

For years, Austin has made headlines as an evolving tech hub where startups, large companies and investors alike have flocked to set up a presence. But as 2022 closes, the Texas capital is in the news

Austin-based ICON awarded $57.2 million NASA contract for lunar construction tech

ICON, a construction tech company that’s raised more than $400 million in funding, has landed a new contract from NASA to develop new systems to build on the moon and Mars. The $57.2 million contrac

BalkanID brings AI to identity governance and administration to take on SailPoint

Identity governance and administration (IGA) -- that's probably not something you think of every waking hour of your day, but somebody on your IT team probably is.

Battery investment moves onshore to kick-start US EV production

Here’s a look at some of the major U.S. battery projects underway.

Founderpath secures $145M in debt and equity to help B2B SaaS startup founders avoid dilution

In this challenging fundraising environment, more startups than ever are turning to alternative financial solutions such as debt. Despite the negative connotation associated with debt, a startup shoul

You can’t afford a house, but you can probably afford Nada

Rents are going up in cities across the U.S., but the national homeownership rate has been steadily declining as prospective buyers grapple with low supply, weakening purchasing power and record-high

Tesla Cybertruck on track to launch summer 2023, Elon Musk says

Tesla CEO Elon Musk confirmed Wednesday that the automaker aims to launch its long-awaited Cybertruck mid-2023. “We are still expecting to be in production with the Cybertruck in middle of next year

Roe reversal weighs heavily on emerging tech cities in red states

The recent increase in conservative legislation and political division could affect the tech landscape, deterring workers from migrating to these hubs and causing an exodus of talent from red states.

Things get messy for Elon Musk with report about new twins he shares with Neuralink exec

Last month, Insider published an explosive report about a former SpaceX flight attendant who accused SpaceX founder and CEO Elon Musk of propositioning her for sex in 2016 and to whom the company paid

Austin-based True Wealth Ventures raises second fund to back women-led startups

Sara Brand and Kerry Rupp of Austin, Texas-based True Wealth Ventures defy many trends in the venture capital world. The investors, who raised $19.1 million for their first fund in 2018, have just clo

Tesla sued by former workers for allegedly violating federal law during ‘mass layoffs’

Two former Tesla employees filed a lawsuit against the EV maker Sunday alleging that the company did not provide the 60 days of advance notice required by federal law during a recent round of layoffs.

Down bad

Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inb
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