TechCrunch is getting back to our roots with Build Mode, a new podcast to help guide you through the messy, unpredictable journey of building an early-stage startup. No sugarcoating. No hype. Just candid conversations and actionable advice from people who’ve been there before.

Navan finished its first day trading at an approximate valuation of $4.7 billion, which is about half of its last private valuation of $9.2 billion.

Thanks to everyone who made this year's San Francisco event what it was -- and to the 10,000 of you who filled the halls, made the connections, and left with more than you came with. Couldn't make it? These images tell part of the story.

NEW: I spoke with Mercor CEO Brendan Foody at TechCrunch Disrupt yesterday. We discussed the new favorite way for AI labs to get data. Foody's $10B startup pays former investment bankers and lawyers to make training data for OpenAI and Meta. He calls it the "future of work."

TechCrunch Disrupt 2025 is kicking off with a live recording of @EquityPod on the Builders Stage!

Equity is going live on the Builders Stage for @TechCrunch Disrupt in 5! See you soon 🎤

⁦🎉 Day 1 of ⁦⁦@TechCrunch⁩ Disrupt. Can’t wait to see these Startup Battlefield pitches. We’ve got some great builders this year! ⁦@sokane1⁩ ⁦@kirstenkorosec⁩

From Anthropic backlash to ChatGPT bending its rules, it feels like it's not cool to be cautious in the AI industry. @EquityPod breaks down VC responses and more in its latest ep: https://t.co/NEMim5qoES

NEW: OpenEvidence, ChatGPT for medicine, is reportedly raising $200M at a $6B valuation. The tool is free for medical professionals and is supported by advertising. (1/2) https://t.co/BR8MbxuzkX

Last 7 days until TechCrunch Disrupt 2025, and to take advantage of the ticket deal to save 60% on a second pass. Register for you and your +1 here.

Deloitte handed in work riddled with false AI citations. Australia held them accountable. And as the @EquityPod team puts it, shouldn’t this be the rule, not the exception? https://t.co/fFe4kddMLf

Nvidia’s $100B deal with OpenAI sounds a bit like getting a gift card to the GPU factory. Hear what's really happening behind the headlines on the latest @EquityPod: https://t.co/gqXB17VCEl

🎣 💪 🧬 Longevity bait alert! On today's episode of @EquityPod I chatted with the CEO of Chipiron, a startup that's figuring out how to make MRIs suck less and scale more. https://t.co/xfo7SbmLAI via @techcrunch

Watch as the Equity team breaks down Meta’s AR gambit, California’s AI crackdown, and why robotics may be having its golden age.

SpaceX is making a $17 billion bet on the direct-to-cell market...but will that force Apple to come to the negotiating table on their other disputes? Get the @equitypod team's read on it right here: https://t.co/vswOicz686

OpenAI’s rise isn’t just a business story — it’s an ideological one. On Equity, Karen Hao, author of Empire AI, explores how the cult of AGI has fueled a billion-dollar race, justified massive spending on compute and data, and blurred the line between m...

Google just avoided a Chrome breakup thanks to a judge who thinks AI rivals will keep it in check. But with Atlassian dropping $610M on the Browser Company and OpenAI snapping up startups, the race to redefine the web is just getting started. Catch the full breakdown from

OpenAI is bringing on the founder of Statsig as its CTO of Applications, and making changes to other leadership roles at the company.

NEW: Google avoids break up, faces new oversight in search antitrust trial https://t.co/lyd3nDvbL4 via @techcrunch

🤑 🤑 🤑 Anthropic raises $13B Series F at $183B valuation https://t.co/ViAzLxMcpM via @techcrunch