Paul Sawers    Darktrace is set to go private in a deal that values the U.K. based cybersecurity giant at around billion. A newly formed entity called Luke Bidco Ltd, formed by private equity giant Thoma Bravo, has tabled an all cash bid of . . per share, which represents a premium on its average...

Sean O'Kane    The National Highway Traffic Safety Administration closed a long standing investigation into Tesla’s Autopilot driver assistance system after reviewing hundreds of crashes involving its misuse, including that were fatal and many more involving serious injuries. At the same time, NHTSA is...

Natasha Lomas    Ultra fast fashion ecommerce giant Shein will be subject to an additional layer of governance rules targeted at very large online platforms VLOPs under the European Union’s Digital Services Act DSA , the Commission announced Friday. Shein had reported passing an average of million monthly...

Romain Dillet    Global Founders Capital, the Berlin based early stage VC firm with close ties to the German startup factory Rocket Internet, is going to become the venture arm of Rocket Internet. The VC previously raised two billion funds and, just a few years ago, its name appeared in dozens of deals per year....

Connie Loizos    xAI, Elon Musk’s month old competitor to the AI phenom OpenAI, is raising billion on a pre money valuation of billion, according to one trusted source close to the deal. The deal which would give investors one quarter of the company is expected to close in the next few weeks unless...

Manish Singh    Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum of the parts analysis. The investment bank estimates Blinkit’s implied value at Indian rupees per...

Rebecca Szkutak    The Federal Trade Commission voted to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require employees who aren’t senior executives to wait a set amount of time before joining a competitor or launching their own company in the same category. While the...

Marina Temkin    Norwest Venture Partners, a year old firm backed solely by Wells Fargo, has raised its th fund at billion. That’s a noteworthy number, given that NVP last raised the same amount in December . That was the peak of the venture boom, and at that time, the firm said it increased its capital...

Aria Alamalhodaei    Space and defense startup True Anomaly has laid off around of its workforce and cancelled its summer internship program, TechCrunch has learned. TechCrunch. All rights reserved. For personal use only.

Aria Alamalhodaei    This will mark Starliner’s second flight to the ISS: The first, an uncrewed mission called Orbital Flight Test, took place in May . TechCrunch. All rights reserved. For personal use only.

Aisha Malik    As part of its Q earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than year over year. Snapchat launched the TikTok like feed in late as a way to compete with the rising popularity of TikTok. The company is touting the success...

Kyle Wiggers    Google Cloud had a blockbuster quarter, driving parent company Alphabet’s revenues and stock price to impressive highs. TechCrunch. All rights reserved. For personal use only.

Rebecca Szkutak    This share price gives Rubrik a fully diluted valuation of . billion, up from its last primary valuation of . billion in . TechCrunch. All rights reserved. For personal use only.

Sarah Perez    Meta’s move into the open social web, also known as the fediverse, is puzzling. Does the Facebook owner see open protocols as the future Will it embrace the fediverse only to shut it down, shifting people back to its proprietary platforms and decimating startups building in the space Will it...

Zack Whittaker    Kaiser, one of the largest healthcare organizations in the United States, said it was notifying . million members of a data breach earlier in April. TechCrunch. All rights reserved. For personal use only.

Brian Heater    Sanctuary AI often isn’t mentioned in the same breath as humanoid robotics firms like Boston Dynamics, Agility, Figure and X, but the Canadian company has been operating in the space for some time. In fact, a new robot introduced on Thursday is actually the seventh generation of its Phoenix line....

Aria Alamalhodaei    The contract is part of a larger push from the Force to procure space capabilities from private industry on timelines that have been previously unheard of. TechCrunch. All rights reserved. For personal use only.

Aisha Malik    As a TikTok ban gets closer to becoming a reality in the United States, it might be time to start thinking about other platforms to adopt early in case you need to fill the void left by the popular app at some point in the future. On Wednesday, President Biden signed a bill that would ; ...

Robert Frawley    Hurry up Our Call for Content ends tomorrow, April at : p.m. PT. If you’re a startup expert eager to lead a session at TechCrunch Disrupt on October , now’s the time to apply Submit your proposal to speak at TechCrunch Disrupt before the deadline. Your topic should empower...

Rebecca Bellan    Social media platform TikTok says that a bill banning the app in the U.S. is unconstitutional and that it will fight this latest attempt to restrict its use in court. The bill in question, which President Joe Biden signed Wednesday, gives Chinese parent company ByteDance nine months to divest...