Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’
The company is also eliminating a production shift at its Arizona factory to align “production plans with anticipated demand.”
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AI | Fundraising | Startups | Venture
The founder conference built for growth: TechCrunch Founder Summit pass rates increase June 26
Save up to $190 on your pass to TechCrunch Founder Summit 2026 by June 26, 11:59 p.m. PT. Designed for founders first on November 4 in Boston. Register today.
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Instagram looks to take on streaming services with longer-form, episodic and live formats for its TV app
Instagram is coming for streaming services like Netflix and Amazon Prime Video as it sets its ambitions for living room viewing.
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WhatsApp gets new chief as Meta taps India’s CRED founder Kunal Shah and invests $900M in startup
WhatsApp gets a new boss, as Will Cathcart moves to a new role at Meta, while Shah steps down as CEO of Indian fintech giant CRED to replace Cathcart.
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SpaceX inks compute deal with Reflection AI, an open source AI lab
Reflection AI will pay $150 million a month beginning July 1, 2026 through 2029 for immediate access to Nvidia’s latest GB300 AI chips and supporting hardware across SpaceX’s Colossus 2 data center near Memphis, Tennessee.
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Amazon is testing Alexa+ in India with Hindi support
Amazon is planning to increase the footprint of its new conversational AI assistant Alexa+ to India and is inviting users in the country to test out a Hindi-language version.
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Anthropic says Claude may want to see your ID
Claude’s chatbot may ask to verify your age and identity “in certain circumstances,” such as with a passport or driver’s license, according to a privacy policy change.
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Google DeepMind bets $75M on AI’s future in Hollywood with A24 deal
Google DeepMind and A24 are teaming up to build AI filmmaking tools.
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A new unpatchable flaw in Apple chips opens the door to an iPhone jailbreak
European offensive cybersecurity company Paradigm Shift released details of a flaw and a technique to exploit it that opens the door for hackers to unlock and break into older iPhones.
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Tata Electronics, a major tech supplier to Apple and Tesla, confirms data breach
The incident comes as Tata Electronics expands its role in global technology supply chains.
