Plus: Monzo notches up its valuation to $5.9B
Welcome to TechCrunch AM! It's Dom, and I'll be guest-writing the newsletter today. We have a short one this morning, covering the latest Tesla news, a leadership shake-up at Babbel, a decent valuation up-tick for U.K. neobank Monzo, some executive reshuffling at Amazon, and more. Let's dive in! — Dom | | | 1. Tesla, Tesla, Tesla: The EV maker's much-awaited robot event happened last night and we have all the updates for you: the announcements of the unexpected Robovan, Cybercabs, and even the Optimus 'bots. Read More 2. A good sign for fintech: UK-based neobank Monzo has clocked up its valuation to $5.9 billion after a secondary market share sale. The company last raised $190 million in May at a post-money valuation of about $5 billion. It has raised over $1.5 billion since its launch nine years ago. Read More 3. What's old is new again: Markus Witte, one of the co-founders of language-learning platform Babbel, is returning to the helm again. Its current CEO Arne Schepker is stepping down, and while Witte won't assume the role of CEO, he will hold the title of executive chairman and managing director. During Schepker's tenure, Babbel's revenue grew 6x to around $300 million, with a team of almost 1,000 people. Read More | | | Image Credits: Leon Neal / Getty Images | Shake-ups at Amazon: Three Amazon execs who were heading the development of new tech for checking out at physical stores appear to have moved on to other roles and jobs, the company confirmed to TC. The moves come as Amazon has shuttered some of its Go convenience stores and pulled its Just Walk Out tech from some stores. Read More Apple wants to summarize everything: Apple's AI-generated summaries on iOS have been out in beta for a while now, and we already have a few funny stories about it. Nick Spreen shared on X how the feature summarized a breakup text for him. We have a look at what went down. Read More Last goodbye: LinkedIn keeps getting weirder by the day. Ryan Salame, a former executive at FTX who's now headed to jail, added a new job to his LinkedIn profile: Inmate at FCI Cumberland. Do you think he'll learn something about B2B sales from his time behind bars? Read More | | | Double-edged sword: Bloomberg reports that California lawmakers and Google are talking about a deal that would see the search giant support the state's journalism, but the state would have to contribute funds too. That means taxpayers will also be on the hook for millions of dollars. Read More Lay-offs hit TikTok: The social giant is conducting layoffs as it makes changes to how it moderates content, the Wall Street Journal reports. The company did not share exactly how many jobs were impacted but said employees around the globe would be affected. Read More | | | Image Credits: Bryce Durbin | New York City is becoming one of the hottest places for investors and startups. We compiled a list of the top rising VCs in the city that everyone should know about, especially when it comes to pitching. Read More | | | Featured jobs from Crunchboard | | | 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 | | | | |
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