Source: https://techcrunch.com/

Elon Musk's 10-month-old startup xAI is raising $6 billion at a pre-money valuation of $18 billion. The funding round is still pending, but the numbers are expected to remain the same. xAI is a rival to OpenAI, which Musk co-founded and is currently suing for allegedly prioritizing profit over humanity.

Source: https://techcrunch.com/

GitHub announced Copilot Workspace, an AI-powered development environment, at its annual GitHub Universe conference in San Francisco. The tool uses 'Copilot-powered agents' to help developers brainstorm, plan, build, test, and run code in natural language.

Source: https://techcrunch.com/

Backflip, a real estate technology startup, raised $15 million in funding to offer short-term loans to investors. Founded in 2020, the company's platform helps investors source, track, and evaluate potential investments, making the process less complicated.

Source: https://techcrunch.com/

Source: https://techcrunch.com/

Mastodon CEO Eugen Rochko announced that Twitter co-founder Biz Stone has joined the board of directors of Mastodon's US non-profit. This move comes as Mastodon gains popularity as an open-source, decentralized social network alternative to Twitter and X.

Source: https://techcrunch.com/

Getir, a Turkish instant delivery company, is shutting down its operations in the US, UK, and Europe to focus on its home market of Turkey. The company, once valued at $12 billion, is scaling back its aggressive expansion strategy.

Source: https://techcrunch.com/

Ola, an Indian ride-hailing startup, has terminated CEO Hemant Bakshi after four months and cut 180 jobs to improve profitability. The restructuring exercise aims to gear the company for future growth, with SoftBank and Tiger Global among its backers.

Source: https://techcrunch.com/

The National Highway Traffic Safety Administration (NHTSA) is investigating Ford's BlueCruise hands-free driver assistance system after it was active in two recent crashes that killed multiple people. The crashes occurred in Texas and Pennsylvania in February and April, respectively.

Source: https://techcrunch.com/

The European Union will apply its Digital Markets Act rules to Apple's iPadOS, requiring compliance within six months. This adds the tablet ecosystem to the four existing Apple platforms regulated under the act, increasing regulatory risk for the tech giant.

Source: https://techcrunch.com/