Startups

WP Engine sues Automattic and WordPress co-founder Matt Mullenweg

Hosting provider WP Engine has filed a lawsuit against Automattic and WordPress co-founder Matt Mullenweg, accusing them of extortion and abuse of power. The lawsuit comes after nearly two weeks of tussling between Mullenweg, who is also CEO of Automattic, and WP Engine over trademark infringement and contributing to the WordPress community. WP Engine accused Automattic and […]

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Former head of YC’s Continuity Fund Ali Rowghani launches new seed firm

Ali Rowghani, a former Y Combinator managing director and former Twitter executive, is launching a venture firm called Maxq. Maxq is targeting $250 million for its debut fund, Maxq Fund I, according to an SEC filing. The firm will focus on seed-stage investments, Axios reported on Wednesday. Rowghani’s former YC colleagues Mia Mabanta, Simon Lu,

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Character.AI hires a YouTube exec as CPO, says it will raise money next year with new partners

Character.AI is starting a new chapter after its $2.7 billion licensing deal with Google, which involved CEO Noam Shazeer returning to the search giant. It hired Erin Teague as a chief product officer, a YouTube exec who was the global head of sports movies and shows product management. Teague, who has been working at Google

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Hedosophia leads $7M seed round into retail supply chain AI startup Ameba

Traditional retailers have a pressing problem. Fast-moving like Shein and Temu are eating their lunch by leveraging purpose-built, end-to-end supply chains. Meanwhile, incumbent retailers are still stuck on legacy platforms, juggling a myriad number of data sets, and struggling to respond to a punishingly fast market. A London-based startup thinks it has the solution to

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Y Combinator is being criticized after it backed an AI startup that admits it basically cloned another AI startup

A Y Combinator startup named PearAI launched with an X post thread and YouTube video on Saturday and created immediate controversy. And some of that is splashing onto YC itself. PearAI offers an AI coding editor. The startup’s founder Duke Pan has openly said that it’s a cloned copy of another AI editor called Continue,

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Last chance to become a volunteer at TechCrunch Disrupt 2024

We are officially less than a month away from TechCrunch Disrupt 2024, taking place at Moscone West in San Francisco from October 28-30. We’re currently seeking dedicated and highly motivated volunteers to support our events team and help bring this amazing experience to life. If you’re dreaming of becoming a startup founder, marketer, or event

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Beta Technologies unveils first passenger carrying electric aircraft

Beta Technologies unveiled Monday the next electric aircraft in its lineup — a passenger-carrying version of its ALIA vertical takeoff and landing and fixed-wing vehicles. Electric vertical takeoff and landing (eVTOL) vehicles don’t rely on a runway, whereas fixed-wing aircraft do. The Vermont-based startup, which has raised over $860 million to date from heavy hitters

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