Michael Moritz moves on, book-ending a long chapter at Sequoia Capital
Michael Moritz, the journalist-turned-VC who has long been one of the most prominent and respected investors at Sequoia Capital, has left the firm to “deepen...
Netflix brings password-sharing crackdown to India and every other market
Netflix is bringing password-sharing crackdown to consumers in India and every other market starting today, the global streaming giant said after a limited rollout of...
China’s OpenAI challenger Zhipu AI gets Meituan funding
Zhipu AI, one of China’s most promising challengers to OpenAI, has received funding from the country’s food delivery giant Meituan, which has a market cap...
Farizon, Geely’s truck unit, raised $600M to expand outside China
Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a...
CoinFund raises $158M fund for web3 and crypto
The seed fund is focusing on four emerging verticals, including integrating AI and crypto Jacquelyn Melinek 13 hours As other venture capitalists veer away from...
Tesla blames solar slump on interest rates as energy storage biz booms
Tesla’s solar installations are still slipping, the company told investors on Wednesday. The automaker reported 66 megawatts’ worth of solar deployments during its second quarter...
Tesla to license FSD to other OEMs, allow transfer of FSD to new cars
Tesla CEO Elon Musk confirmed Wednesday that the automaker is “in discussion with major OEMs about using Tesla FSD.” Tesla Full Self-Driving is the automaker’s...
Kitchen robot Botinkit raises $13M from DJI angel and others
Having worked in the food industry for several years, Shirley Chen saw firsthand the challenges of managing staffing and training for restaurant expansion. So when...
Tesla hits $25B in Q2 revenue, but margins decrease amid price cuts
Tesla reported Wednesday net income of $2.7 billion in the second quarter, up 20% from the same period last year as once again, the company’s...
Severe outage knocked WhatsApp down
WhatsApp, the Meta-owned ubiquitous messaging app, was inaccessible to many users around the globe due to a “major disruption” earlier Wednesday. Tens of thousands of...