Author: TechBrunch
President-elect Donald Trump spent much of his campaign harshly criticizing key parts of the anti-inflation law, from solar and wind tax credits to electric vehicles and environmental justice initiatives. However, his return to office does not necessarily mean that this landmark legislation will be repealed. While the Trump administration is unlikely to support specific climate technology startups, it will be difficult to repeal widespread laws. The Inflation Control Act of 2022 introduced a variety of tax credits and incentives aimed at reducing carbon pollution in the United States and attracting climate-friendly industries to the country. On both counts, it was…
The “For You” algorithm, which promotes the most interesting content across social networks tailored to individual users, was disjointed on U.S. election night, highlighting posts from hours ago that no longer reflected opinions. It provided an outdated and nearly unusable experience. Current state of the race. Frustration was particularly high in the Meta's X Rivals thread, where many users posted hopeful posts about Kamala Harris' victory, urged voters to “stand in line,” and continued to comment on early results even after her victory. He complained that he had seen posts promoting it as a “red mirage.” It is clear that…
The startup ecosystem in the Iberian Peninsula (the region that includes Spain and Portugal) has been booming in recent years. According to Dealroom data, the value of Spanish startups will exceed 100 billion euros in 2023, with around 850 rounds of venture investment amounting to 2.2 billion euros. On the other hand, Portugal has produced a large number of VC companies such as Schilling, Indico, Almirah, and Bind. Lisbon-based venture firm Faber has become the latest company to double its investment in the region. The firm recently launched its third fund, with an initial close of 31 million euros (approximately…
Renting is restricted in Latin America. Most landlords require three months' worth of rent as a deposit and require a guarantor who owns property in the same city to co-sign the rental agreement. Santiago Morales, co-founder and CEO of Proptech Moradauno, said the situation disqualifies 40% of rental applicants. His company hopes to bring more tenants into rentals by taking on the risk. “That's the biggest problem in the industry today,” Morales told TechCrunch. “People can't rent where they want, they have to rent with roommates or roommates, or they just can't rent. So we say, let's fix that. I…
The European Union's main market competition regulations have been in force for months against a small number of tech giants. Since March, the block has conducted public investigations into multiple gatekeepers. But Apple is the first company to be fined under the Digital Markets Act (DMA), Bloomberg reported, citing people familiar with the matter. Apple's App Store rules are in the frame. In June, the block shared preliminary findings with the company, warning that developers should feel free to let users know about alternative purchasing routes. However, Apple has persisted in coming up with new fees to get around the…
Apple will soon let you share the location of lost or misplaced items, such as an iPhone, MacBook, or anything with an air tag attached, to people who aren't in your contacts using a link via the Find My app. I plan to make it. Macrumors discovered this updated feature in the iOS 18.2 developer beta, and Apple says the feature will help users locate lost items by sharing their location with people like taxi drivers and airline employees. I pointed out that it states that the purpose is to make it easier to find. The Find My app in…
Ahead of Tuesday's voting deadline, most major AI chatbots did not answer questions about the results of the US presidential election. But Grok, the chatbot built into X (formerly Twitter), responded happily, but often with mistakes. On the East Coast on Tuesday night, when TechCrunch asked who won the U.S. presidential election in key battleground states, Grok occasionally said, even though those states have yet to finish counting and reporting votes. Trump,” he replied. When asked, “Who won the 2024 Ohio election?'' Mr. Groch replied, “Based on information from web searches and social media posts, Donald Trump will win the…
Amber Hill spent 14 years as a medical researcher. She didn't hate her job, but there was one thing she consistently hated. It was an administrative job. “I think most people are like that, especially in the research field,” she told TechCrunch. She said she would rather analyze data and build relationships with patients. “But I was spending a lot of time doing manual tasks that didn't require medical expertise. It was a completely broken process, but I knew it could be fixed.” So she did what any problem solver would do: In other words, I started a company. Her…
Nvidia became the world's largest company on Tuesday, surpassing Apple's market capitalization on the back of a global AI push. As Bloomberg points out, the chipmaker has grown an astronomical 850% since the end of 2022. Nvidia's stock price was worth $3.43 trillion at the close of trading, higher than Apple's $3.38 trillion. This is not the first time the two have switched positions. Nvidia also overtook Apple in June, but only held the top spot for one day. Apple recently launched its own small-scale model generation AI product, Apple Intelligence. Nvidia, on the other hand, remains a fundamental part…
EV startup Canoo has lost its chief financial officer and chief counsel, the latest in a series of executive departures as the company continues to struggle to find mass adoption of its electric work vans. CFO Greg Ethridge and general counsel Hector Ruiz both resigned from Canoo on Oct. 31, the company announced in a regulatory filing Tuesday. Mr. Ethridge and Mr. Lewis did not respond to requests for comment. Canoe also announced it has furloughed 30 workers in Oklahoma for 12 weeks “as part of a broader restructuring of its North American operations.” Ethridge was replaced by Kunal Bala,…