Day: February 21, 2023

Arcimoto promises new 3-wheeled EVs will steer better as it ramps up 2023 deliveries

That’s quite a turnaround from January, when the EV startup halted production and warned it needed new funding, or else it might seek bankruptcy protection. Ultimately, the company raised $12 million by selling additional stock at a discounted price of $3 per share, or around half of its early-January price, Arcimoto told its backers. How […]

Science fiction publishers are being flooded with AI-generated stories

“It is ironic, I’ll say that much,” Clarke told TechCrunch. Clarkesworld has a reputation for always being open to story submissions, whereas many short-fiction publishers will only take submissions in certain short windows. But for the first time, submission volume got so out of hand that Clarke made what he calls a “spur-of-the-moment decision” to […]

The nonprofits accelerating Sam Altman’s AI vision

The interesting part is where that money ended up: financing Universal Basic Income pilots aiming to fix the very problems OpenAI’s technologies seem to be creating. The story of this family of nonprofits illustrates how a small group of like-minded entrepreneurs can leverage their charitable donations to not only support their personal causes, but to […]

Ex-WeWork director raises millions for Den’s tiny home plans

At the time, Romanowicz detailed that construction specs on small homes — that he had begun as a side hustle — were landing a couple thousand dollars in revenue per month. He doubled down on his idea by investing $10,000 of his own money — which he used to relaunch the business under the name […]

Starry files for bankruptcy

“Over the last several months, we’ve taken steps to conserve capital and reduce costs in order to put Starry in the best position to explore various financing paths for the company,” said Chet Kanojia, Starry’s CEO, in a written statement. “Our next step in this journey is to continue to strengthen our balance sheet through […]

3 questions for Coinbase as we count down to its Q4 earnings

While Coinbase is no longer a startup, it is a goliath in one of the largest web3 markets. That means its results will help us understand the American crypto market more generally, both in terms of the company’s historical results through the end of last year (how things went), and how the company details its […]

Tumblr iOS revenue increased 125% since launching its parody of paid verification

Perhaps, then, it’s not surprising to see Tumblr’s double-blue check joke drive incremental revenue for the service. According to new data from app intelligence firm Sensor Tower provided to TechCrunch, consumer spending on Tumblr’s iOS app increased since November 2022’s double-blue check launch, now totaling $263,000 in net revenue. While that’s not a significant figure […]