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Party promoter Billy McFarland is back with Fyre Festival 2. Scheduled to take place in Isla Mujeres, Mexico from May 30 to June 2, tickets just went on sale, ranging from $1,400 to a truly brazen $1.1 million — even though no artists have been confirmed, and McFarland himself isn’t sure if he can legally […] © 2024 TechCrunch. All rights reserved. For personal use only.

It’s often said that the UK and Europe lack the huge level of growth funding for later-stage startups that the US has for its own, and this is correct. According to the European Investment Fund, there are at least seven times more large-size VC funds in the US than in Europe. So the appearance of a […] © 2024 TechCrunch. All rights reserved. For personal use only.

Debates over AI benchmarks — and how they’re reported by AI labs — are spilling out into public view. This week, an OpenAI employee accused Elon Musk’s AI company, xAI, of publishing misleading benchmark results for its latest AI model, Grok 3. One of the co-founders of xAI, Igor Babushkin, insisted that the company was […] © 2024 TechCrunch. All rights reserved. For personal use only.

Social media giants Meta and X approved ads targeting users in Germany with violent anti-Muslim and anti-Jew hate speech in the run-up to the country’s federal elections, according to new research from Eko, a corporate responsibility nonprofit campaign group. The group’s researchers tested whether the two platforms’ ad review systems would approve or reject submissions […] © 2024 TechCrunch. All rights reserved. For personal use only.

Rivian’s cost-cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year — especially because of the whorl of uncertainty caused by the new Trump administration. The company announced Thursday its fourth-quarter and full-year 2024 financial results, and along with it, shared plans […] © 2024 TechCrunch. All rights reserved. For personal use only.