Fisker collapsed under the weight of its founder's promises | TheTrendyType

by The Trendy Type

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Over the previous eight years, famed automobile designer Henrik Fisker recommended his EV startup would ship on plenty of guarantees, however none got here true. As Fisker looks for an unlikely rescue, staff advised TheTrendyType that the blame rests largely on the shoulders of the husband-and-wife workforce who steer the corporate.

This week additionally had a significant disturbance within the fintech area. After years of missteps and struggles, the banking-as-a-service fintech Synapse officially went bankrupt. Based mostly on Synapse’s filings, as many as 100 fintechs and 10 million finish clients may have been impacted by the corporate’s collapse.

Elon Musk simply received plenty of money for xAI. The AI startup raised $6 billion at an $18 billion pre-money valuation because it goals to compete with OpenAI, Microsoft and Alphabet.

In different massive cash strikes, Google is investing almost $350 million into Flipkart. The brand new funding offers the Walmart-owned Indian e-commerce startup a valuation of $36 billion. Google, which reaches greater than half a billion folks in India, identifies the South Asian nation as a key abroad market. 


Picture Credit: Darrell Etherington with recordsdata from Getty beneath license

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AI comes for tutors: The arrival of AI bots is posing a menace to long-established tutoring franchises {and professional} tutors, and the main apps are from China. However do they really assist college students study? Read More


onyx motorbikes-james Khatiblou
Picture Credit: Bryce Durbin

What occurs to an organization when its founder dies?: Onyx Motorbikes was already in bother — after which its 37-year-old proprietor handed away unexpectedly with no will or succession plan, abandoning tens of millions of {dollars} in debt. Rebecca Bellan reviews on how the following battle for management has put Onyx in authorized limbo. Read More

The ‘edgelords’ at OpenAI: Meredith Whittaker has some candid ideas concerning the present management at OpenAI. Mike Butcher sat down with the Sign president to debate what she describes as a disrespectful “frat home” contingent of the tech business in a wide-ranging dialog. Read More

Don’t count on IPOs from these startups: Whereas 2024 is trying to be a greater yr for tech startups going public, there’s nonetheless numerous high-profile corporations which are wanting to attend just a bit bit longer. From Plaid to Figma, Rebecca Szkutak rounds up the businesses that aren’t itching to go public simply but. Read More

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