Navan, the corporate travel and expense platform, finished its first day of trading on the Nasdaq on Thursday down 20% from its $25 IPO price, resulting in a valuation of approximately $4.7 billion for the 10-year-old company. The company was the first to use a new SEC rule that allows public listings during a government…
Indian automotive giant Tata Motors has fixed a series of security flaws that exposed sensitive internal data, including personal information of customers, company reports, and data related to its dealers. Security researcher Eaton Zveare told TechCrunch that he discovered the flaws in Tata Motors’ E-Dukaan unit, an e-commerce portal for buying spare parts for Tata-made…
Storied investors Accel and Prosus have launched a new investment partnership to back Indian startups from day zero, targeting founders building large-scale solutions with the potential to serve the masses in the South Asian nation. Announced on Monday, the collaboration marks the first time Prosus is investing at the formation stage. Both firms will co-invest…
OpenAI recently launched new app integrations in ChatGPT to allow you to connect your accounts directly to ChatGPT and ask the assistant to do things for you. For instance, with a Spotify integration, you can tell it to create personalized playlists that will show up right in your Spotify app. To get started, make sure…
It’s common for people to open a short video, thinking they’ll just watch the one — then realize they’re still on the app an hour later. YouTube is adding a new timer feature to help users manage this behavior, a move that reflects both growing public pressure on tech platforms and the company’s interest in…
An outage affecting web hosting giant Amazon Web Services (AWS) has taken out vast swathes of the web, including websites, banks and some government services. Amazon said on Monday morning that the outage had been “fully mitigated” and that most services are returning to normal after an hours-long stretch during which much of the internet…
Silicon Valley leaders including White House AI & Crypto Czar David Sacks and OpenAI Chief Strategy Officer Jason Kwon caused a stir online this week for their comments about groups promoting AI safety. In separate instances, they alleged that certain advocates of AI safety are not as virtuous as they appear, and are either acting…
In the last few years, photo-sharing apps have capitalized on the idea that Instagram has become too curated, creating spaces for users to share unfiltered photos from their camera rolls. Locket tapped into lockscreen-based sharing, Retro took a photo journaling route, and Yope is building Instagram for private groups. Now, Mayank Bidawatka, co-founder of Indian…
Goldman Sachs has agreed to acquire Industry Ventures, a 25-year-old, San Francisco-based investment firm with $7 billion in assets under management, CNBC was first to report on Monday. The deal underscores the growing importance of secondary markets and buyouts as traditional venture exits remain sluggish. The investment bank is paying $665 million in cash and…
Chris Lehane is one of the best in the business at making bad news disappear. Al Gore’s press secretary during the Clinton years, Airbnb’s chief crisis manager through every regulatory nightmare from here to Brussels – Lehane knows how to spin. Now he’s two years into what might be his most impossible gig yet: as…
