Faraday Future's unlikely investor

Plus: Amazon Pharmacy expands

View this email online in your browser By Rebecca Szkutak Wednesday, October 9, 2024 Welcome to TC PM! Today we're looking at why Palantir owns part of an EV company; we're also catching up with Tesla's chief designer ahead of the company's Robotaxi announcement tomorrow; we get confirmation of a cyberattack in India; and we check out some new feature updates from Amazon. Let's go, Mets! TechCrunch Top 3 Image Credits: Michael Nagle/Bloomberg/ Getty Images 🤔 Curious cap table: Electric vehicle company Faraday Future has an unlikely investor on its cap table: Palantir. The data-mining company owns 8.7% of the EV company as payment for certain outstanding receivables. Read more  😎 Geoffrey goes off: Geoffrey Hinton is prolific in the AI world and just accepted a Nobel Prize related to his work in the field. In a speech yesterday, Hinton said that he's proud that one of his students, Ilya Sutskever, fired Sam Altman. Savage! Read more 💭 All day I dream of Tesla: Franz von Holzhausen, Tesla's chief designer, told Kirsten Korosec that he's been essentially designing a robotaxi in his mind for over a decade. Read more   Sponsored by Bridge Bank, a division of Western Alliance Bank. Member FDIC The Bridge to Your Next Business Milestone Bridge Bank connects 20+ years of experience and a deep understanding of the tech sector to your banking needs. Access senior bankers who understand how to help you achieve your next milestone. Let's Get Growing   Afternoon must-reads Image Credits: Amazon 💊 Advil from Amazon: Amazon announced today that it is doubling the number of cities in which Amazon Pharmacy can do same-day delivery. The expansion to 20 more cities includes Boston, Philadelphia, Dallas, and San Diego, among others. Read more 🛰️ Space solar: Robinhood co-founder Baiju Bhatt, who was the chief creative officer at the company until February of this year, is launching Aetherflux, a startup looking to crack the code on capturing solar energy in space. Read more 🛡️ Shield AI's story: Shield AI, which builds AI-powered tools for the government and military, has raised more than a billion dollars in funding and has landed sizable government contracts. Margaux MacColl sat down with the founder to get the inside story. Read more  🥑 Amazon avocados: Amazon announced new features meant to make buying groceries through the platform easier. Customers will be able to order same-day delivery for both Amazon Fresh items and Amazon.com products together. Read more 😔 Hack confirmed: Star Health and Allied Insurance, one of the largest health insurers in India, confirmed today that it had been hit by a "malicious cyberattack" two weeks after cybercriminals posted customer data and health records online that they claimed were related. Read more 💻 More Meta AI: Today Meta is bringing its AI chatbot to six more countries, including Brazil and the U.K. The company announced that its next rollout includes countries in the Middle East, Africa, and Asia. Read more 🎮 Investors log on: After the success of games like Fortnite and Roblox, investors are getting increasingly interested in the category of games known as UGC (user-generated content). Rebecca Bellan sat down with the founder of Gamebeast to talk about the trend and where AI sits in the industry. Read more 🚺 Funds for fertility: Levy Health is looking to close a literal and figurative gap in the fertility industry: how long it takes women to get diagnosed with potential issues. The company just raised $4.5 million for its platform that helps doctors diagnose fertility issues. Read more 🍁 It's been a minute: French health insurance startup Alan announced it plans to expand to Canada, where it will be the first new health insurance company in the country since 1957. The company plans to hire 50 employees in Canada in the coming years. Read more Around the web 💁 You can't sit with us: The WordPress drama continues in a delightfully petty way. The latest is that WordPress.org users are now required to confirm that they are not affiliated with WP Engine before logging in. 404 Media has more 🍏 Dan departs: Dan Riccio, who's been with Apple since 1998 and has been a staple of the company's engineering team, is planning to retire, according to Bloomberg. Read more Before you go Image Credits: Nintendo ⭐️ Nintendo time: While many of us wait for Nintendo to release a second Switch device, the company has instead given us an alarm clock and sleep tracker. But does it use the sound of an incoming Blue Shell to wake you up? I hope so. Read more   Check out some of our other newsletters: Startups Weekly TechCrunch AI TechCrunch Mobility Got a tip? tips@techcrunch.com Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Update your preferences here at any time Copyright © 2024 TechCrunch, All rights reserved.Yahoo Inc. 110 5th St,San Francisco,CA Privacy Policy