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Rivian reports first quarter of ‘positive gross profit’

theverge.com Andrew J. Hawkins 2025-06-07 13:50:21

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Rivian announced a significant milestone today, reporting its first “positive gross profit” in its fourth quarter earnings for 2024. It was a sign that the struggling company’s efforts to slash costs through the gut overhaul of its R1 electric vehicles is starting to yield some positive results. But dark clouds loom ahead,

Topics: billion company rivian said year

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Cherryrock Capital raises new $172M fund from all-star investors to back diverse founders

techcrunch.com Dominic-Madori Davis 2025-06-07 10:35:00

Cherryrock Capital, founded by ex-TaskRabbit CEO Stacy Brown-Philpot, announced Wednesday the closing of its $172 million Fund I with an all-star limited partner list that includes JPMorgan, Goldman Sachs, MassMutual, Melinda French Gates’ Pivotal Ventures, Reid Hoffman, Mellody Hobson, and Sheryl Sandberg. Brown-Philpot told Bloomberg that the fund actually closed in January. The firm launched in 2023 during what was a challenging period for fundraising in the venture industry. As a result, B

Topics: brown cherryrock companies fund philpot

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Beta Technologies’ bet on electric flight and Hyundai’s new Tesla charging port comes up short

techcrunch.com Kirsten Korosec 2025-06-07 12:15:00

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Fifteen years ago, I started writing about a little EV startup that was trying to survive even as others failed in the clean tech boom-and-bust cycle. Back then Tesla had captured the interest of some celebrities and EV enthusiasts — but it was a small circle. A lot has changed since then, including the profile of its largest shar

Topics: company electric techcrunch tesla week

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Meta starts accepting sign-ups for Community Notes on Facebook, Instagram, and Threads

techcrunch.com Aisha Malik 2025-06-07 12:55:57

Meta announced in a blog post on Thursday that it’s now accepting sign-ups for its Community Notes program on Facebook, Instagram, and Threads. The announcement follows Meta news last month that it’s going to end its third-party fact-checking program and is instead moving to a Community Notes model similar to the one at X. In its blog post, Meta explains that Community Notes will be a way for users across its platforms to decide when posts are misleading, and allow them to add more context to t

Topics: community meta note notes users

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Bankrupt Nikola wants to sell its whole business by April

techcrunch.com Sean O'Kane 2025-06-07 13:07:07

Electric trucking startup Nikola is hoping to sell what remains of its whole business as early as April, lawyers for the company told a judge Thursday during the first hearing of its bankruptcy case in Delaware. The lawyers claimed Nikola already has at least three interested buyers (who they did not name) and that the company hopes to solicit other bids, with a submission deadline likely in late March. If Nikola can’t find a buyer willing to take on the whole business, the company will pivot

Topics: bankruptcy company girsky nikola said

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Jeep’s parent company announces ‘hands free, eyes off’ driving feature

theverge.com Andrew J. Hawkins 2025-06-07 13:43:29

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Stellantis, the parent company of Jeep, Dodge, and Ram, announced its first “hands free, eyes off” partial autonomous driving feature. The company is pitching this new feature, which is called STLA AutoDrive, as for drivers who want to reclaim “valuable time” while stuck in stop-and-go traffic. But that said, Stellantis is

Topics: company driver driving level stellantis

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UK healthcare giant HCRG confirms hack after ransomware gang claims theft of sensitive data

techcrunch.com Carly Page 2025-06-07 13:02:57

U.K. healthcare giant HCRG Care Group has confirmed it’s investigating a cybersecurity incident after a ransomware gang claimed to have breached the company’s systems to steal troves of sensitive data. HCRG Care Group is one of the largest independent providers of community health and care services in the United Kingdom. The organization, previously known as Virgin Care and now owned by Twenty20 Capita, partners with National Health Service trusts and local authorities around the U.K. to delive

Topics: care company hcrg medusa services

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Apple resists UK regulator demands to open up iOS browsers, citing security risks

techspot.com Daniel Sims 2025-06-07 17:08:00

Recap: After Apple began allowing alternate iOS browser engines in compliance with new European regulations, the United Kingdom began arranging the framework for similar action, much to the Cupertino giant's chagrin. A proposed stipulation regarding updates to Apple's WebKit engine is particularly noteworthy. Apple continues to fight the UK Competition and Markets Authority's (CMA) efforts to regulate the iOS web browser market. The iPhone maker responded to the agency's proposed remedies with

Topics: apple browser cma company web

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Microsoft Majorana 1 chip promises real quantum computing within years, not decades

techspot.com Zo Ahmed 2025-06-07 17:41:00

Forward-looking: Microsoft has unveiled a new quantum chip called "Majorana 1" that claims will make scaled, real-world quantum computing a reality in just years rather than decades. It's palm-sized and has a delightfully retro look yet Microsoft claims it will eventually pack more theoretical computing power than all the world's current classical computers combined. The Majorana 1 comes after nearly two decades of research. The big claims come thanks to Microsoft's unique approach to the quant

Topics: claims company microsoft new quantum

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Europe risks becoming a 'museum' if it doesn't innovate in AI and deregulate, Swedish PM warns

cnbc.com Ryan Browne 2025-06-07 13:55:26

STOCKHOLM — Europe is at risk of becoming a "museum" if it doesn't soften strict curbs on artificial intelligence technologies and deregulate, Sweden's Prime Minister Ulf Kristersson said Thursday. "I think we really need to step up in Europe ... the American economy, Chinese economy have been growing far faster compared to the European economies over the last 20 years," the premier told attendees of the Techarena event in Stockholm. "If we don't change that, Europe will actually become some k

Topics: ai billion compared europe investment

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The Download: Microsoft’s quantum chip, and explaining rising energy demand

technologyreview.com Charlotte Jee 2025-06-07 17:10:00

A new Microsoft chip could lead to more stable quantum computers Microsoft has announced that it’s made significant progress in its 20-year quest to make topological quantum bits, or qubits—a special approach to building quantum computers that could make them more stable and easier to scale up. The company says it’s developed a chip containing eight of these qubits, and has also published a Nature paper that describes a fundamental validation of the system. It’s a different approach to competi

Topics: computers demand new quantum story

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Volvo’s ES90 sedan will be built with a Nvidia supercomputer

theverge.com Andrew J. Hawkins 2025-06-07 11:00:00

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Volvo’s next electric vehicle, the ES90 midsized luxury sedan, sounds like its got some serious computing chops. The new EV will come with a dual Nvidia Drive AGX Orin configuration, making it the “most powerful car Volvo ever created in terms of core computing capacity,” the company claims today. The new supercomputer is

Topics: company es90 says vehicle volvo

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This smart thermostat compay is considering charging users for its app

theverge.com Jennifer Pattison Tuohy 2025-06-07 17:56:01

In a first for a smart thermostat company, Tado is exploring charging its customers £1 / €1 a month just to control their devices from its app. Multiple users have reported that Tado, manufacturers of smart thermostats, radiator valves, and heat pump controllers for Europe and the UK, sent a message through their app alerting them to the impending charge. The Verge reached out to Tado to confirm this, but the company declined to comment. According to a post on the Tado community forum earlier t

Topics: app community company tado users

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Amazon is shutting down its app store on Android

techcrunch.com Ivan Mehta 2025-06-07 17:14:42

Amazon will discontinue its app store for Android on August 20 this year. The company sent a notice to developers indicating that they will no longer be able to submit new apps to the store. The company said on a support page that it will also discontinue its Coins digital currency, which could be used to purchase games and apps on the app store. “Starting August 20, 2025, you will no longer have access to the Amazon Appstore on your Android device. We will also be discontinuing the Amazon Co

Topics: 20 amazon app company store

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AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say

techcrunch.com Marina Temkin 2025-06-07 11:41:15

Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal. The round is being led by returning investor Kleiner Perkins, the people said. The new round comes just six months after Silicon Valley-based Codeium announced that it had closed a $150 million Series C at a $1.25 billion post-money valuation led by General Catalyst with participation of Kleiner Perkins and Greenoak

Topics: codeium company new round valuation

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Microsoft deploys new state of matter in its first quantum computing chip

cnbc.com Jordan Novet 2025-06-07 15:01:00

Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company spent nearly two decades of research in the field, but Microsoft claims that building Majorana 1 required that it create an entirely new state of matter, which it is referring to as a topological state. Microsoft's quantum chip employs eight topological qubits using indium arsenide, which is a semiconductor, and aluminum, which is a superconductor. "The difficulty of developi

Topics: chip company majorana microsoft quantum

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After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

techcrunch.com Mary Ann Azevedo 2025-06-07 14:59:53

Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook. It wouldn’t be the first time its fundraising didn’t go as hoped for. In 2023, Varo raised a $50 million equity round at a lower valuation ($1.85 billion post-money) than its massive and, it said,

Topics: according company million techcrunch varo

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Italian media groups file criminal complaint over the WhatsApp hack on journalists

engadget.com Unknown 2025-06-07 18:31:50

The fallout continues from the recent WhatsApp hacking campaign (by a still-unconfirmed entity) that targeted nearly 100 journalists and activists. Bloomberg reported on Wednesday that a collection of Italian media groups has filed a criminal complaint with the Rome Public Prosecutor's Office. They hope to discover who installed the zero-click spyware, which was made by the Israeli-founded Paragon Solutions. According to Bloomberg, the complaint describes the spyware as an "intolerable intrusio

Topics: company contract italian italy paragon

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Latest Tech News

Rivian reports first quarter of ‘positive gross profit’

Cherryrock Capital raises new $172M fund from all-star investors to back diverse founders

Beta Technologies’ bet on electric flight and Hyundai’s new Tesla charging port comes up short

Meta starts accepting sign-ups for Community Notes on Facebook, Instagram, and Threads

Bankrupt Nikola wants to sell its whole business by April

Jeep’s parent company announces ‘hands free, eyes off’ driving feature

UK healthcare giant HCRG confirms hack after ransomware gang claims theft of sensitive data

Apple resists UK regulator demands to open up iOS browsers, citing security risks

Microsoft Majorana 1 chip promises real quantum computing within years, not decades

Europe risks becoming a 'museum' if it doesn't innovate in AI and deregulate, Swedish PM warns

The Download: Microsoft’s quantum chip, and explaining rising energy demand

Volvo’s ES90 sedan will be built with a Nvidia supercomputer

This smart thermostat compay is considering charging users for its app

Amazon is shutting down its app store on Android

AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say

Microsoft deploys new state of matter in its first quantum computing chip

After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

Italian media groups file criminal complaint over the WhatsApp hack on journalists

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