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Startups Weekly: Big shake-ups at the AI heavyweights
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Sowwy, folks: Steve Burns, the ousted founder, chairman and CEO of bankrupt EV startup Lordstown Motors, has settled with the U.S. Securities and Exchange Commission over misleading investors about demand for the company’s flagship all-electric Endurance pickup truck. Despite the proptech sector feeling the squeeze from rising interest rates, Blueground’s recent $45 million Series D funding round and a hefty debt facility suggest that investors are still willing to bet big on Chatzieleftheriou’s vision of a world where everyone can live in a fully furnished apartment, at least temporarily. : Marissa Mayer’s startup, Sunshine, went from Silicon Valley’s next big thing to pioneering the groundbreaking world of … managing contacts and sharing photos, leaving the internet collectively scratching its head and wondering, “That’s it?” Dude, where’s your data?
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