This week's roundup from TechCrunch highlights notable developments across various sectors. Cluely, an AI-driven tool that assists in academic and professional cheating, is making waves with a surprising $5.3 million monthly recurring revenue. Meanwhile, EV startup Slate has emerged from the shadows with revealed financial backing from Bezos, planning an affordable $25,000 EV. In stark contrast, Tesla reports a dismal 71% drop in net income and poor delivery performance. Airbnb responds to user demand by eliminating hidden fees in property searches. Additionally, Pew Research finds teens largely view social media positively, enhancing connections and creativity.
Cluely, a controversial AI tool for cheating, continues to thrive with a $5.3 million monthly ARR despite its founders' questionable backgrounds and failed ads.
Tesla's recent earnings report reveals a stark 71% fall in net income, marking its worst quarter for deliveries in over two years.
Airbnb is enhancing transparency by automatically displaying the total cost of properties during searches, eliminating hidden fees for users.
The new study from Pew Research shows 74% of U.S. teens find social media beneficial for staying connected, contrary to common criticisms of online platforms.
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