This week's recap illustrates the diverse communication strategies employed by startups regarding significant news. While some remain tight-lipped about acquisitions, others loudly engage in controversies, like Rippling's lawsuit against Deel. Notable incidents include Harbinger's claims against Canoo regarding asset transparency amidst bankruptcy proceedings, and Qualcomm's acquisition of VinAI's generative AI division. Epic Games also made headlines by acquiring an AI platform, showcasing the increasing interest in advanced tech solutions. Amidst this turbulent environment, some startup leaders openly discuss their future plans and financial status, indicating varying degrees of transparency in the industry.
Founders aren't always reliable when they claim there's nothing to worry about - or when they hint at something suspicious.
After filing a lawsuit, HR tech startup Rippling publicly released the affidavit of its former employee accused of spying for rival Deel.
EV truck maker Harbinger accused Canoo of hiding assets in its bankruptcy process.
Qualcomm acquired the generative AI division of VinAI, a Vietnam-based AI research company founded by former DeepMind research scientist Hung Bui.
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