Meet Kal Somani: Entrepreneur who bought Rajasthan Royals in historic IPL deal

Meet Kal Somani: Entrepreneur who bought Rajasthan Royals in historic IPL deal

The IPL witnessed a landmark moment on Tuesday (March 24) as a consortium led by US-based entrepreneur Kal Somani secured ownership of Rajasthan Royals (RR) in a record-breaking deal worth USD 1.63 billion (approximately ₹15,300 crore). This historic transaction makes the Royals the first IPL franchise to cross the billion-dollar mark, setting a new benchmark for valuations in the world’s …

Read More »

A former Thiel fellow’s startup just launched a drone it says can replace police helicopters | TechCrunch

A former Thiel fellow’s startup just launched a drone it says can replace police helicopters | TechCrunch

When I speak to Blake Resnick, he’s walking around his drone startup’s newest office space in Seattle—a cavernous 50,000-square-foot facility that, Resnick estimates, won’t be fully set up until later in the year—potentially November. Still, the big (and for now, largely empty) building offers the promise of a fast-growing company intent on conquering its particular industry. The industry in question …

Read More »

Microsoft exec Charles Lamanna on how AI is creating an expensive new request from job candidates

Microsoft exec Charles Lamanna on how AI is creating an expensive new request from job candidates

Charles Lamanna (left), Microsoft’s executive vice president of Business Applications & Agents, interviewed by GeekWire co-founder Todd Bishop at GeekWire’s Agents of Transformation event at Block 41 in Seattle on March 24. (GeekWire Photo / Kevin Lisota) Work perks are taking on new meaning in the AI boom. Speaking at GeekWire’s Agents of Transformation event in Seattle on Tuesday, Microsoft …

Read More »

Amazon just bought a startup making kid-size humanoid robots | TechCrunch

Amazon just bought a startup making kid-size humanoid robots | TechCrunch

Amazon has confirmed that it has acquired Fauna Robotics, a two-year-old startup founded by former Meta and Google engineers who are developing kid-size humanoid robots. The acquisition was first reported by Bloomberg. Terms of the deal weren’t disclosed. What we do know is that Fauna’s employees, including its two founders, will join Amazon in New York City. “We are excited …

Read More »

With $3.5B in fresh capital, Kleiner Perkins is going all in on AI | TechCrunch

With .5B in fresh capital, Kleiner Perkins is going all in on AI | TechCrunch

Kleiner Perkins, the prominent U.S. venture firm, announced on Tuesday that it raised $3.5 billion in fresh capital across two funds, a significant increase from the firm’s $2 billion fundraise less than two years ago. The firm, founded back in 1972, says it raised $1 billion for its 22nd early-stage venture fund, and $2.5 billion for a separate vehicle designed …

Read More »

New Mexico just handed Meta its first courtroom defeat over child safety, and the rest of the country is watching | TechCrunch

New Mexico just handed Meta its first courtroom defeat over child safety, and the rest of the country is watching | TechCrunch

A jury in Santa Fe on Tuesday ordered Meta to pay $375 million in civil penalties after finding the company misled consumers about the safety of its platforms and endangered children. New Mexico Attorney General Raúl Torrez’s office called the decision a “watershed moment for every parent concerned about what could happen to their kids when they go online,” according …

Read More »