Lucid Motors slashes 12% of its workforce as it seeks profitability

The layoffs affect hundreds of full-time workers in the US, according to an internal memo obtained by TechCrunch.

AI’s promise to indie filmmakers: faster, cheaper, lonelier

AI expands access to filmmaking for resource-constrained creators. But as efficiency becomes the industry’s north star, creativity risks being overwhelmed by a deluge of low-effort, AI-generated content.

Peak XV raises $1.3B, doubles down on AI as global VC rivalry in India heats up

Peak XV says most of its new capital will target India as the firm prioritizes AI, fintech and cross-border bets while navigating recent partner departures.

Why investors are going gaga over solid-state transformers

The technology promises to replace several parts of the grid with one device that’s both controllable and updatable.

An AI data center boom is fueling Redwood’s energy storage business

Redwood Materials says its new energy storage business is the fastest growing unit within the company.

Bug in student admissions website exposed children’s personal information

Ravenna Hub, which lets parents apply and track the status of their kids’ applications across thousands of schools, allowed any logged-in user to access the personally identifiable data associated with any other user, including their children.

For open-source programs, AI coding tools are a mixed blessing

AI coding tools have enabled a flood of bad code that threatens to overwhelm many projects. Building new features is easier but maintaining them is just as hard.

This former Big Tech engineers are using AI to navigate Trump’s trade chaos

Amari AI is making custom AI-powered software that helps customs brokers modernize and minimize constantly shifting trade policies.

Freeform raises $67M Series B to scale up laser AI manufacturing 

“I think we’re the only quote-unquote manufacturing company out there that has H200 clusters in a data center on site.”

Canva gets to $4B in revenue as LLM referral traffic rises

The creative company’s monthly active users increased 20%, growth that was partially propelled by adoption of its AI tools.