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Luminar is battling with its largest client as the threat of bankruptcy looms

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💥 Check out this trending post from TechCrunch 📖 📂 Category: Transportation,Austin Russell,Lidar,Luminar,volvo 💡 Main takeaway: Swedish automaker Volvo has canceled a five-year contract with Luminar, the latest escalation in an increasingly ugly fight between the lidar sensor company and its largest customer. The fight occurs during an existential moment for Luminar. The company recently defaulted on several of its loans. While it works with those lenders to reach a resolution, Luminar has warned investors that it may have to declare bankruptcy. To avoid this, Luminar recently laid off 25% of its staff and is trying to sell itself -…

Ford turns to Amazon to boost used car sales

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🔥 Discover this trending post from TechCrunch 📖 📂 Category: Transportation,Amazon,Amazon Autos,Ford,hyundai,In Brief 📌 Here’s what you’ll learn: One year ago, e-commerce giant Amazon launched its new online car selling business with Hyundai. Now, Ford is joining the company by developing a certified pre-owned vehicle. Ford announced Monday that customers will be able to shop for, finance and purchase certified pre-owned Ford vehicles on Amazon Autos. The partnership still keeps dealers — a key driver of Ford's revenue — informed. Customers can browse a participating local dealer's inventory directly through Amazon's website, complete most paperwork online, then schedule an appointment…

Meta is launching a new tool to protect reel creators from having their work stolen

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🔥 Check out this insightful post from TechCrunch 📖 📂 Category: Apps,Social,Facebook,Instagram,Meta ✅ Main takeaway: Facebook creators are getting a new tool to help them protect their work from being stolen by others. On Monday, Meta introduced Facebook Content Protection, a portable tool designed to detect when a creator's original clips posted on Facebook are being used without their permission. If a creator is alerted that someone else is using their reels, they will also have the ability to block the reel from appearing across both Facebook and Instagram or optionally track the reel's performance and optionally add attribution links…

Ramp’s valuation reaches $32 billion, just three months after reaching $22.5 billion

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✨ Explore this trending post from TechCrunch 📖 📂 Category: Fintech,Startups,TC,lightspeed,Ramp 📌 Main takeaway: The one area outside of AI where investors are still excited is fintech for expense management, at least if Ramp's 2025 is anything to judge by. Every few months, Ramp collects another big sum at another huge new valuation. The fintech company announced Monday that it had raised $300 million led by Lightspeed, which also included a tender offer for employees. This comes just a few months after a $500 million Series E-2 at a $22.5 billion valuation led by Iconiq, which was announced on July…

Cisco acquires translation startup EzDubs

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✨ Discover this insightful post from TechCrunch 📖 📂 Category: Apps,TC,AI translation,Cisco ✅ Key idea: Networking giant Cisco has acquired EzDub, a Y-Combinator-backed consumer startup that provides real-time translation services. Cisco announced the acquisition over the weekend, but the company did not disclose the size of the deal. EzDubs was founded by Padmanabhan Krishnamurthy, Amrutavarsh Kinagi, and Karim Nassar in 2023. Notably, Nassar previously worked at Cisco's Speech AI group before co-founding the startup. The company has raised $4.2 million in seed funding led by Venture Highway, founded by Neeraj Arora, who was previously WhatsApp's business director. Other investors in…

Sequoia-backed fintech Aspora will allow Indian expatriates to pay bills in their home country

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🚀 Explore this awesome post from TechCrunch 📖 📂 Category: Fintech,bill payment,India,NPCI,Sequioa 📌 Main takeaway: Sequoia-backed fintech platform Aspora, which allows Indian expatriates to send money to India, is launching a new feature for users to pay bills. This means that Non-Resident Indians (NRIs) can pay utility bills or recharge their mobile prepaid plans for their families. Until now, users had to either transfer money to their Indian accounts or ask someone to process bills on their behalf, the startup said. The other option was for them to use their foreign cards and try to pay bills but face high…

PowerLattice is attracting investment from former Intel CEO Pat Gelsinger for an energy-efficient microchip

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🔥 Check out this insightful post from TechCrunch 📖 📂 Category: AI,Hardware,AI chips,Celesta Capital,Pat Gelsinger,playground global,powerlattice ✅ Main takeaway: If you pay attention to what the biggest tech companies are saying about the demand for AI, you'll notice a common thread: They lack computing power. This means that the large language models that power today's AI products need more data centers for training and inference, and therefore, more power. Against this backdrop, energy efficiency has suddenly become a critical priority for semiconductor manufacturers. PowerLattice, a startup founded by veteran electrical engineers from Qualcomm, NUVIA, and Intel in 2023, claims to…

DoorDash confirms that the data breach affects users’ phone numbers and physical addresses

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🚀 Discover this awesome post from TechCrunch 📖 📂 Category: Security,cybercrime,cybersecurity,data breach,DoorDash,hackers,infosec 💡 Key idea: DoorDash disclosed a data breach that exposed the personal information of an unspecified number of users, which included names, email addresses, phone numbers and physical addresses. Despite the fact that hackers stole phone numbers and physical addresses, DoorDash said that "no sensitive information was accessed by an unauthorized third party and we have no indication of data being misused for fraud or identity theft at this time." DoorDash said in the post that the breach affected a mix of customers, delivery workers and merchants. The…

Jeff Bezos is reportedly returning to the trenches as co-CEO of a new AI startup, Project Prometheus.

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✨ Check out this trending post from TechCrunch 📖 📂 Category: AI,jeff bezos,project prometheus ✅ Main takeaway: Amazon founder Jeff Bezos appears to be getting his hands dirty again: The billionaire is partly backing a new artificial intelligence startup called Project Prometheus that has raised $6.2 billion in funding, and he will take on the duties of co-CEO of the new venture, the New York Times reported, citing several sources familiar with the project. Bezos will share the position with Vic Bajaj, who previously led and co-founded Google's life sciences division. Bajaj also co-founded Verily, a biotech startup owned by…

Surveillance technology company Protei was hacked, its data stolen and its website defaced

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🔥 Discover this must-read post from TechCrunch 📖 📂 Category: Security,cybersecurity,data breach,SORM,telecoms 💡 Key idea: A Russian telecommunications company developing technology to allow phone and Internet companies to conduct web surveillance and censorship has been hacked, had its website defaced, and data stolen from its servers, TechCrunch has learned. Founded in Russia, Protei manufactures communications systems for telephone and Internet providers in dozens of countries, including Bahrain, Italy, Kazakhstan, Mexico, Pakistan and much of central Africa. The company, now headquartered in Jordan, sells video conferencing technology and Internet connectivity solutions, as well as surveillance equipment and web filtering products, such…