Industry News

Lyft might drop shared rides, stay focused on basics under new CEO

Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told TechCrunch in a wide ranging interview that other features […]

Lyft might drop shared rides, stay focused on basics under new CEO by Rebecca Bellan originally published on TechCrunch

Battery sourcing guidance might slash EV tax credits

The U.S. Treasury Department’s guidance on battery sourcing requirements for the electric vehicle tax credits will result in fewer vehicles being eligible for full or partial credits, reports Reuters, citing an unnamed U.S. official. The proposed EV credit guidance as included in the Inflation Reduction Act says that in order for vehicles to qualify for […]

Battery sourcing guidance might slash EV tax credits by Rebecca Bellan originally published on TechCrunch

That was fast! Microsoft slips ads into AI-powered Bing Chat

Microsoft is “exploring” putting ads in the responses given by Bing Chat, its new search agent powered by OpenAI’s GPT-4. While these sponsored responses are clearly labeled as such, it does make one question how far we’ve really come from the old model of ads on search engines. Microsoft confirmed this is happening, albeit in […]

That was fast! Microsoft slips ads into AI-powered Bing Chat by Devin Coldewey originally published on TechCrunch

Hampton is tech’s new membership community for chief executive officers

Sam Parr, founder of HubSpot-acquired newsletter and media brand The Hustle, doesn’t watch “Succession” because “it’s too real” (and because he prefers watching comedy compared to behemoth business billionaires fighting). But when he announced his new project, Hampton, an invite-only club for chief executive officers, the references started rolling. It’s specifically one Succession quote that […]

Hampton is tech’s new membership community for chief executive officers by Natasha Mascarenhas originally published on TechCrunch

Irrigreen’s precision sprinklers prevent water waste and wet legs

Investors just pumped millions into Irrigreen, a startup vying to quench America’s thirsty lawns with “approximately 50% less water.” Seed investor Ulu led the $15 million funding round. Two tech investors that are focused on water conservation — Burnt Island and Echo River — also chipped in, among a handful of others. The San Francisco–based […]

Irrigreen’s precision sprinklers prevent water waste and wet legs by Harri Weber originally published on TechCrunch

Online used-car marketplace Shift cuts workforce 30% following CarLotz merger

Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue plummet in the fourth quarter and its […]

Online used-car marketplace Shift cuts workforce 30% following CarLotz merger by Kirsten Korosec originally published on TechCrunch

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