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Fisker-Foxconn EV partnership ‘moving faster than expected,’ CEO Henrik Fisker says U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spending on prototypes for its Ocean SUV, testing and validation of advanced technology, hiring and its “accelerating” partnership with Foxconn. The company, which […] http://feedproxy.google.com/~r/Techcrunch/~3/bje69BxbR30/

Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders Last summer, in the wake of George Floyd’s murder, Best Buy committed to “do better” when it came to supporting communities of color. As part of the retail giant’s self-proclaimed mission to better address underrepresentation and technology inequities, the company announced today that it is investing up to $10 million in Brown Venture Group. Minnesota-based […] http://feedproxy.google.com/~r/Techcrunch/~3/cEQLz3vcdYU/

Daily Crunch: Google reveals new designs and improved chip for Nest Cam and Doorbell Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package. http://feedproxy.google.com/~r/Techcrunch/~3/zeQhal59XCA/

How Uber plans to rebound from massive Q2 losses stemming from driver incentives   Uber’s second-quarter earnings revealed greater than expected losses, in large part due to the company’s massive $250 million stimulus package launched in April to incentivize drivers back onto the app after a pandemic-induced shortage. The company reported a loss of $509 million before EBITDA. For comparison, Lyft reported a positive adjusted EBITDA in the […] http://feedproxy.google.com/~r/Techcrunch/~3/7EfnIrLoXXY/

Duolingo is working on a math app for kids Duolingo, best known for its whimsical owl and language-learning app, is working on a new product to add to its growing suite: a math app, according to CEO Luis von Ahn. The co-founder mentioned the app during an interview last week, the same day that Duolingo officially listed in the stock market. After the interview, […] http://feedproxy.google.com/~r/Techcrunch/~3/E3Mv9X1fPtk/

Which person should you hire: A growth hacker or a digital marketer? "Growth hacking is great to kickstart growth, test new opportunities and see what tactics work. Marketeers should be there to continue where the growth hackers left off." http://feedproxy.google.com/~r/Techcrunch/~3/ChAGRa1A2jc/

New Apple technology will warn parents and children about sexually explicit photos in Messages Apple later this year will roll out new tools that will warn children and parents if the child sends or receives sexually explicit photos through the Messages app. The feature is part of a handful of new technologies Apple is introducing that aim to limit the spread of Child Sexual Abuse Material (CSAM) across Apple’s […] http://feedproxy.google.com/~r/Techcrunch/~3/7QJO5K_vrmg/

Founders must learn how to build and maintain circles of trust with investors Founders should definitely pursue big rounds at sky-high valuations, but it’s important that they recognize how important it is to manage who they allow into their mentorship circles. http://feedproxy.google.com/~r/Techcrunch/~3/vQbcQ3BXxd4/

Creators can now monetize their expertise on Quora In May, Yahoo! Answers shut down after helping the internet answer its most burning questions since 2005. But now, Quora, which began as a question-and-answer site but expanded to incorporate blogging, is making its platform more appealing to creators. Quora says it’s “on track to be cash flow positive from ads alone,” implying that the platform […] http://feedproxy.google.com/~r/Techcrunch/~3/OoiKAG974kk/

Apple says it will begin scanning iCloud Photos for child abuse images Later this year, Apple will roll out a technology that will allow the company to detect and report known child sexual abuse material to law enforcement in a way it says will preserve user privacy. Apple told TechCrunch that the detection of child sexual abuse material (CSAM) is one of several new features aimed at […] http://feedproxy.google.com/~r/Techcrunch/~3/XdLCYUFUlL4/

Twitter Spaces now let you invite co-hosts Fleets weren’t long for this world, but Twitter’s product teams aren’t slowing down on bringing new stuff to Spaces, the company’s own take on audio rooms. Twitter introduced Spaces in a limited test last year, expanding the Clubhouse copycat feature more broadly to anyone with at least 600 followers in May. Now, Twitter is giving […] http://feedproxy.google.com/~r/Techcrunch/~3/WAL4mL_8AzE/

A blueprint for building a great startup founding team Putting the right people in the right roles early on can be the difference between success and failure — and that starts at the top. http://feedproxy.google.com/~r/Techcrunch/~3/oDTnTA7a1n4/

Walter Isaacson is working on a biography of Elon Musk Walter Isaacson, the biographer who chronicled the lives of Steve Jobs, Benjamin Franklin and Leonardo da Vinci, is turning his attention to the life and career of Elon Musk. The Tesla CEO announced the project in a tweet Wednesday. If you’re curious about Tesla, SpaceX & my general goings on, @WalterIsaacson is writing a biography […] http://feedproxy.google.com/~r/Techcrunch/~3/GsfwH_IVpdc/

Qualcomm wants to buy Veoneer for $4.6B, beating Magna’s offer The $3.8 billion sale of Swedish automotive tech company Veoneer to Magna International hit a roadblock Thursday after chipmaker Qualcomm submitted a bid for the company for $800 million more. Qualcomm’s $4.6 billion bid, which comes in at $37 per share, has already received approval from the company’s board and would not need a stockholder […] http://feedproxy.google.com/~r/Techcrunch/~3/hPLrhY4jZWg/

Yelp adds tools that let businesses share their Covid policies related to vaccines As more businesses around the U.S. are choosing to implement vaccine requirements for patrons or staff, business discovery and review site Yelp is introducing new tools that allow businesses to communicate those changes to their customers. On Thursday, Yelp will begin rolling out two profile attributes, “Proof of vaccination required” and “Staff fully vaccinated,” to […] http://feedproxy.google.com/~r/Techcrunch/~3/oI4CswY86_w/

Do bronze medals ever make sense for unicorns? When should a startup decide to cease its efforts to challenge leading players in a specific market? http://feedproxy.google.com/~r/Techcrunch/~3/LqACHX3Ci34/

Automakers urge greater government investment to meet Biden’s EV sales target President Joe Biden is expected to set an ambitious new target for half of all new auto sales in the U.S. to be low- or zero-emission by 2030, a plan that has received tentative support from the Big Three automakers pending what they say will require hefty government support. General Motors, Ford and Stellantis (formerly […] http://feedproxy.google.com/~r/Techcrunch/~3/faqEeyQV0mE/

3 invaluable founder lessons I learned on my immigration journey In my journey to the U.S., I became good at three things: accepting uncertainty, building resilience and maintaining a positive mental attitude. I needed them all to get my startup off the ground. http://feedproxy.google.com/~r/Techcrunch/~3/uC2o2K24Gs0/

Warehouse drones take flight Drones are neat and fun and all that good stuff (I should probably add the caveat here that I’m obviously not referring to the big, terrible military variety), but when it comes to quadcopters, there’s always been the looming question of general usefulness. The consumer-facing variety are pretty much the exclusive realm of hobbyists and […] http://feedproxy.google.com/~r/Techcrunch/~3/LTa_rwhk6rw/

European refurbished electronics marketplace Refurbed raises $54M Series B Refurbed, a European marketplace for refurbished electronics which raised a $17 million Series A round of funding last year has now raised a $54 million Series B funding led by Evli Growth Partners and Almaz Capital. They are joined by existing investors such as Speedinvest, Bonsai Partners and All Iron Ventures, as well as a […] http://feedproxy.google.com/~r/Techcrunch/~3/pl2ylTpr7aU/

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