Cruise layoffs, exosuits, and why French startups are bubbling up
Today on Equity, we kicked off our recording with a breaking story from Cruise which announced it will be cutting 24% of its staff. Steering away from layoffs, we turned to Prevu's $6 million Series A and why Verve Motion just raised $20 million for supportive lifting suits, what's bubbling up in the French venture ecosystem, and how a few mega-deals are changing the numbers for AI.
Equity · TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Sean O'Kane, Theresa Loconsolo
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Show Notes
This is our very last regular news roundup of the year. We still have a lot planned for you, though, with special interviews, guest appearances, and predictions. But that’s all to come. This time ’round we once again had Mary Ann Azevedo and Alex Wilhelm together to hammer through the key news from the week:
- Cruise layoffs: Breaking as we went to record, self-driving company Cruise is cutting a simply massive number of staff.
- Deals of the Week: Prevu’s $6 million Series A and why proptech is Not Dead Yet, and why Verve Motion just raised $20 million for supportive lifting suits.
- What’s up with France? With Mistral AI making waves, other French startups are also snagging our attention. This includes Pivot which just raised $21.6 million, and what’s going on with startup studio Hexa.
- And then there’s AI: We can’t not talk about it, yeah? Sorry if you are a bit over AI, but while deals keep happening and founders keep building, it’s going to be in the rundown. This time we’re digging how a few mega-deals are changing the numbers, and also how AI might need to pay for itself.
We are back Monday with some really fun stuff! Stay tuned, we have done work just for you!
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Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
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