By TechCrunch, 8 May, 2024

Rivian loses $1.45 billion as cost-cutting measures continue

Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, according to its first-quarter earnings report that was […]

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By TechCrunch, 8 May, 2024

Brandywine Realty Trust says data stolen in ransomware attack

U.S. realty trust giant Brandywine Realty Trust has confirmed a cyberattack that resulted in the theft of data from its network. In a filing with regulators on Tuesday, the Philadelphia-based Brandywine described the cybersecurity incident as unauthorized access and the “deployment of encryption” on its internal corporate IT systems, consistent with a ransomware attack. Brandywine […]

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By TechCrunch, 8 May, 2024

Tesla is Luminar’s largest lidar customer

Tesla CEO Elon Musk has said that lidar sensors are a “crutch” for autonomous vehicles. But his company has bought so many from Luminar that Tesla is now the lidar-maker’s top customer. Tesla accounted for “more than 10%” of Luminar’s revenue in the first quarter of 2024, or a little more than $2 million, the […]

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By TechCrunch, 8 May, 2024

NBA champion Kyle Kuzma looks to bring his team mentality to Scrum Ventures

Kyle Kuzma is a lot of things. He’s a forward for the Washington Wizards NBA team and a 2020 NBA champion. He’s also a style icon — depending on who you ask — and an angel investor. Now he’s an adviser at a venture fund too. “I’m part of a new generation of the NBA,” […]

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