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Mach Industries, founded by 21-year-old Ethan Thornton, lands US Army contract, builds weapons factory

Sequoia-backed Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, landed a contract with the U.S. Army and has plans for its first factory, Thornton told TechCrunch. The factory will be 115,000 square feet in Huntington Beach, California, where Mach’s headquarters is located, CEO Thorton said. While that sounds like an expensive zip code...
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Anthropic raises $3.5B to fuel its AI ambitions

AI startup Anthropic on Monday announced it raised $3.5 billion at a $61.5 billion post-money valuation, led by Lightspeed Venture Partners. The Series E, which also had participation from Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, Menlo Ventures, and Salesforce Ventures, brings the company’s total...
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Sessions: AI speaker applications close March 7

On June 5, TechCrunch Sessions: AI will kick off — and you can be part of the industry-changing conversations that will be taking place. We have an open invitation for members of the AI community to lead breakout sessions and discussions with over 1,200 startup founders, VC leaders, and AI aficionados attending our newest event, which...
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Cocoa hits 4-month lows, falls below $8,000/ton

(Updates with comments on coffee, sugar; adds closing prices) NEW YORK, March 14 (Reuters) – Cocoa futures on the ICE exchange hit four-month lows on Friday and ended the week with losses above 5% amid a large increase in ICE-certified stocks and benign weather forecasts for West Africa. * London cocoa ​settled down 259 pounds,...

Wall St bounces as selloff prompts dip-buying rally

Consumer sentiment at 57.9 in March Tesla up on report it is planning lower-cost Model Y in Shanghai Bullion miners up after gold prices breach $3,000 mark Indexes up: Dow 1.43%, S&P 500 1.83%, Nasdaq 2.28% (Updates to mid-afternoon) NEW YORK, March 14 (Reuters) – U.S. stocks rebounded on Friday as investors shopped for bargains...

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