Latest from Kirsten Korosec
Volkswagen’s Silicon Valley software hub is already stacked with Rivian talent
VW Group’s struggling software arm Cariad has hired at least 23 of the startup’s top employees over the past several months.
AI-powered drug development, VW teams up with Rivian and DEI is ‘bad’
Welcome back to another recap of Equity, TechCrunch’s flagship podcast about the business of startups. This episode is jam-packed with deals, hot topics and the…
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GM’s Cruise has appointed Marc Whitten — a video game veteran who was a founding engineer at Xbox and Xbox Live — as CEO. The Cruise CEO position has been…
Volkswagen Group will invest $1 billion into EV startup Rivian as part of a broad software development deal that could expand to as much as $5 billion. It’s a boon…
Waymo dumps its waitlist and opens up its San Francisco robotaxi service to everyone
Waymo no longer has a waitlist for its San Francisco robotaxi service, removing the final obstacle for customers keen to use the self-driving technology. Waymo said Tuesday that anyone can…
Ilya Sutskever’s new AI venture, and time to BeReal about bankruptcy
Get ready for a jam-packed episode of Equity, TechCrunch’s flagship podcast about the business of startups! This week, co-hosts Mary Ann Azevedo and Haje Kamps…
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Fisker Group Inc., the EV startup founded by famed designer Henrik Fisker, filed for Chapter 11 bankruptcy protection — a capstone to months of problems with its Ocean SUV that included…
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Rivian overhauled the R1S and R1T to entice new buyers ahead of cheaper R2 launch
Rivian has changed 600 parts on its R1S SUV and R1T pickup truck in a bid to drive down manufacturing costs, while improving performance of its flagship vehicles. The end goal, which will play out over the coming year, is an existential one. Rivian lost about $38,784 on every vehicle…
Scale AI founder Alexandr Wang is coming to Disrupt 2024
The early victors in the AI gold rush are selling the picks and shovels needed to develop and apply artificial intelligence. Just take a look at data-labeling startup Scale AI…
Tesla shareholder sweepstakes and EV layoffs hit Lucid and Fisker
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Feds add nine more incidents to Waymo robotaxi investigation
Federal safety regulators have discovered nine more incidents that raise questions about the safety of Waymo’s self-driving vehicles operating in Phoenix and San Francisco. The National Highway Traffic Safety Administration…
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The new Kia EV3 will have an AI assistant with ChatGPT DNA
The Kia EV3 — the new all-electric compact SUV revealed Thursday — illustrates a growing appetite among global automakers to bring generative AI into their vehicles. The automaker said the…
What a wild week for transportation news! It was a smorgasbord of news that seemed to touch every sector and theme in transportation.
Kyle Vogt, the former founder and CEO of self-driving car company Cruise, has a new VC-backed robotics startup focused on household chores. Vogt announced Monday that the new startup, called…
A human safety operator will be behind the wheel during this phase of testing, according to the company.
Finally, some good news! This week, we were pleasantly surprised to see that FTX’s fraud victims would be getting some money back — even if…
Tesla drives Luminar lidar sales and Motional pauses robotaxi plans
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Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2…
Motional delays commercial robotaxi plans amid restructuring
Motional, the autonomous vehicle startup borne out of a $4 billion joint venture between Hyundai and automotive supplier Aptiv, will pause its commercial operations and delay plans to launch a…
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Hyundai antes up $1B for AV startup Motional and Elon unplugs the Tesla Supercharger team
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Before I jump into the all the news — and boy there was a lot! — I have an important update for all of you lovely readers. TechCrunch Mobility is moving to Thursdays!…
Inside TC’s Techstars investigation and how AI is accelerating disability tech
The downturn in venture capital funding has impacted startups, VC firms, and accelerators alike. One company in the final category, Techstars, has been shaking up…
Tesla profits tumble, Fisker flatlines, and California cities battle for control of AVs
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Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom…
Tesla earnings week spotlights EV price cuts, ‘balls to the wall’ autonomy push
Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter…
Rivian targets gas-powered Ford and Toyota trucks and SUVs with $5,000 ‘electric upgrade’ discount
Rivian is offering discounts of up to $5,000 on its EVs — and a year of free charging — to customers willing to trade in their gas-powered trucks and SUVs.…
Tesla layoffs, Cybertruck recalls and Serve Robotics goes public
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It’s been more than a minute since Tesla went public, but the EV company was inescapable on TechCrunch this week. From layoffs to pricing changes…