After a very profitable decade on Microsoft's board, Reid Hoffman is stepping down to focus on his AI drug discovery startup Manus.

A massive viral conversation sharing VC horror stories has taken place this week on X. Some are weird. Some are infuriating.

Nearly five years ago, former Infinity Ward, Naughty Dog, and Sony veterans founded That's No Moon with $100 million in funding from Smilegate, and we know now their debut game is a single-player, story-driven action/adventure game based on the popular Crossfire IP. The game follows Layla, a gun-for-hire on a reconnaissance contract in the Atlas Mountains whose mission quickly devolves into a harrowing struggle for survival. Cross is an opposing operator: trained, lethal, and the last person Layla would choose to trust, but staying alive overrides ideology, and their fragile alliance becomes the only path through the existential threat ahead. […]

Read full article at https://wccftech.com/crossfire-thats-no-moon-announcement/

Iconic Canadian developer Studio MDHR revealed it has not one, but two Cuphead games on the way. One, is Mighty Cuphead Adventure, a 2D pixel-art platformer that looks to be a Studio MDHR take on a platformer you might've played on the SEGA Master System, and another that is what you'd expect from the studio: a hand-drawn animated action platformer that'll be more like what the studio did for the first Cuphead game and its Delicious Last Course expansion. Announced towards the top of Summer Game Fest as part of a pretty jam-packed opening, which also kicked off with the […]

Read full article at https://wccftech.com/cuphead-mighty-adventure-studio-mdhr-two-cuphead-games-summer-game-fest/

On Thursday, June 18, at The Aerospace Corporation Campus, investors, founders, and tech leaders will gather for an evening of conversation exploring some of the most consequential shifts taking place across venture capital, defense technology, artificial intelligence, and advanced industry. Secure your spot today.

On August 19, Startup Battlefield is returning to Sydney in partnership with Stripe, one of the world's most iconic technology companies. We're taking over Stripe Tour Sydney for a night that the Australian startup ecosystem won't forget.

Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract […]

TechCrunch is partnering with VivaTech 2026 to spotlight some of the most important conversations shaping the future of artificial intelligence. Join us in Paris June 17-20!

Mike Schroepfer's Gigascale Capital has raised a large fund to back founders building climate-friendly solutions for the world's energy and material shortages.

Speaking to TechCrunch, Crunchbase’s head of research Gené Teare, said the factors holding back Black founders include “access to networks, relationships, and early introductions."

The goal, the firm said, is to develop and operate up to 5 gigawatts of additional data center capacity.

A group of 20 Snap alumni has come together to launch a fund called Ghost Angels to back the next generation of social media.

"If you're 22 years old in San Francisco and building something in AI, there may be a seed term sheet in your inbox — but if you're 19, oh my God, this means you're really good; you might already have a Series A [offer]," said one, half-kiddingly.

Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the process of refining the way AI models respond to prompted requests, per Axios. 

Submit your session topic before today ends for a chance to speak at TechCrunch Disrupt 2026. Apply now to share your insight and help shape the conversations defining the tech industry.

You now have until tonight at 11:59 p.m. PT to lock in Early Bird savings of up to $410 for TechCrunch Disrupt 2026 before prices increase. Join 10,000+ tech leaders in October for one of the most anticipated tech events of the year. Register now.

Europe’s startup ecosystem has matured significantly; its founders are increasingly willing to scale companies domestically instead of immediately looking to relocate to the U.S.

StrictlyVC Los Angeles is on June 18. Join for meaningful networking and fireside chats with leaders from Mach Industries, Shinkei Systems, and more. Register today.

While startups raising back-to-back rounds at steep step-ups have become almost routine, a company whose valuation doubles in three weeks is unusual enough to raise questions, particularly given the investor set in both rounds is the same.