This week in tech, several startups made headlines with notable funding rounds and product announcements. WeRide, a Chinese autonomous vehicle company, is gearing up for a U.S. public debut, while Ola Electric saw its shares surge by 20% on its public listing in India. Rocket Lab also reached a milestone, surpassing $100 million in quarterly revenue.

Meanwhile, concerns about deepfakes and online regulation have come to the forefront. Researchers found flaws that could allow anyone to spy on Ecovacs home robots, while the U.K. government may seek stronger powers to regulate tech platforms following violent disorder across England and Northern Ireland.

The startup world is also grappling with job cuts, as 60,000 layoffs were recorded across 254 companies in the first half of 2024 alone.

Source: https://techcrunch.com/2024/08/10/maybe-friend-wasnt-crazy-for-spending-1-8m-on-a-domain-after-all/