Technology

Tesla’s board certified a financial milestone that unlocks the first tranche — worth more than $700 million — of an unprecedented multi-billion-dollar pay package for CEO Elon Musk, according a document filed Thursday with the Securities and Exchange Commission. The milestone allows Musk to purchase the first grouping or tranche of nearly 1.69 million shares

This could have been Marqeta’s year to list as a public company on a major American stock exchange. The company, while still unprofitable, is a darling of the financial services sector and only last year reached a $2 billion valuation on the back of a $260 million round of financing. In the previously torrid public

Ximena Aleman Contributor Ximena Aleman is co-founder and chief business development officer at Prometeo, an open banking platform that serves Latin America. It may have entered the game later than other leading regions such as Europe and North America, but Latin America’s fintech industry is dynamic and growing fast. The sector was recently given a

[embedded content] SpaceX is set to mark a huge milestone in its own company history, with a first-ever crewed spaceflight set to take off from Cape Canaveral in Florida later today. The mission is Commercial Crew Demo-2, the culmination of its Crew Dragon human spacecraft development program, which will carry NASA astronauts Doug Hurley and

As AI has grown from niche to mission-critical technology, the companies that enable it have multiplied and in many cases prospered. A good example of that success is DefinedCrowd, which has gone from the Disrupt stage to globe-spanning AI toolkit to the Fortune 500 in just a couple years. The company just raised a new

Feedr, the food tech startup that delivers personalised meals to office workers as an alternative to companies setting up their own canteens, has been acquired by Compass Group, the publicly-listed foodservice company. The price is described as “in the region” of $24 million, while I understand the the deal between the two companies was completed

NASA and SpaceX are closer than ever to a moment both have been preparing for since the beginning of the Commercial Crew program in 2010. SpaceX’s Falcon 9 and Crew Dragon spacecraft are now set to fly with NASA astronauts Doug Hurley and Bob Behnken onboard, making a trip to the International Space Station, and

Notion, the fast-growing work collaboration tool that recently hit a $2 billion valuation, said on Twitter Monday that its service is blocked in China. The productivity app has attracted waves of startups and tech workers around the world — including those in China — to adopt its all-in-one platform that blends notes, wikis, to-dos, and

Fashion is having its moment in the metaverse. A riot of luxury labels, music, and games are vying for attention in the virtual world. And as physical events and the entertainment industry that depends on them shuts down, virtual things have come to epitomize the popular culture of the pandemic. It’s creating an environment where

A renowned iPhone hacking team has released a new “jailbreak” tool that unlocks every iPhone, even the most recent models running the latest iOS 13.5. For as long as Apple has kept up its “walled garden” approach to iPhones by only allowing apps and customizations that it approves, hackers have tried to break free from

In the days and weeks after Tesla CEO Elon Musk revealed the cybertruck — a post-apocalyptic inspired vehicle made of cold-rolled steel — there was a lot of speculation about whether it would be smaller once it actually made it to market. Production of the Cybertruck is still a long ways off. There isn’t even

Nearly a year ago, Todd Howard, the director of Bethesda Games, said that the company’s “Fallout Shelter” game would be coming to Tesla displays. It arrived, via the 2020.20 software update, this week, which was first noted at driver’s platform Teslascope. Fallout Shelter is the latest — and one of the more modern games —

An eighth Amazon employee has died of COVID-19. The news comes as the company is under scrutiny for failing to be more transparent about the wider number of infections among its warehouse workers. A spokesperson confirmed the reports of the death, telling TechCrunch, “We are saddened by the loss of an associate who had worked

Xiaomi, the Chinese comapny famous for its budget smartphones and a bevy of value-for-money gadgets, said in a filing on Thursday that it has backed more than 300 companies as of March, totaling 32.3 billion yuan ($4.54 billion) in book value and 225.9 million yuan ($32 million million) in net gains on disposal of investments

Run The World, a year-old startup that’s based in Mountain View, Calif., and has small teams both in China and Taiwan, just nabbed $10.8 million in Series A funding co-led by earlier backer Andreessen Horowitz and new backer Founders Fund. It’s easy to understand the firms’ interest in the company, whose platform features every functionality

Johannes Lenhard Contributor One of the VC partners in a well-established London firm told me straight out: Venture capital is money [laughs], it is a risky asset class, perhaps the wildest asset class […] and it has the biggest possible returns. I have detailed elsewhere how I think caring more beyond the immediate-return mentality often

E-book and audiobook subscrition service Scribd has been actively embracing and experimenting with bundling over the past couple years, creating joint offers with The New York Times and with Spotify and Hulu. Today it announced a slightly different take on the idea with Scribd Perks. These perks gives Scribd’s paying subscribers (the service costs $8.99 per

Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job