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Exclusive: More executives depart Hyundai’s air taxi startup Supernal | TechCrunch

Exclusive: More executives depart Hyundai’s air taxi startup Supernal | TechCrunch

A wider leadership shakeup at Hyundai’s electric air taxi startup Supernal is underway just a few weeks after it paused work on its vehicle program and its CEO and CTO left, TechCrunch has learned.

Supernal’s chief strategy officer Jaeyong Song and chief safety officer Tracy Lamb are no longer with the company, the startup confirmed Friday. Lina Yang, the chief of staff to Suprernal’s recently-departed CEO Jaiwon Shin is also out. (Yang had previously served as Supernal’s “Head of Intelligent Systems” until April 2025.)

“As we transition to new leadership, we have taken the opportunity to strategically review our program’s progress and next steps to ensure alignment with our long-term goals,” the startup said in a statement to TechCrunch.

Supernal said owner Hyundai Motor Group “remains strongly committed to its AAM [Advanced Air Mobility] business.”

Song’s departure is particularly notable given that he spent three years serving as the vice president of Hyundai’s AAM group before taking over the chief strategy officer role at Supernal in 2023. (Supernal was spun out of AAM in 2021.) Song has been employed by the larger Hyundai-Kia group since 2014. Lamb, meanwhile, has a long history as a commercial pilot and safety executive in the aerospace industry. Song didn’t immediately responded to a request for comment. Lamb declined to comment.

It’s been a tough year for Supernal. That startup ended 2024 by abruptly winding down its new headquarters in Washington, D.C., as TechCrunch previously reported. While Supernal finally pulled off its first test flight in March, it laid off dozens of employees just a few months later. By early September, the startup began an executive shakeup and paused the air taxi program.

This is happening at a crucial moment for the nascent electric vertical takeoff and landing industry. Some players are securing investment and new partnerships ahead of planned commercial launches (all while the regulatory scheme gets increasingly favorable in the U.S.), while others are going out of business.

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#Exclusive #executives #depart #Hyundais #air #taxi #startup #Supernal #TechCrunch

The Kane Parsons’ film Backrooms is expected to earn up to $90 million in its opening weekend after pulling down $38 million on Friday alone. That’s not only above expectations, but absolutely obliterates A24’s previous opening weekend record of $25.5 million for Alex Garland’s Civil War. It’s also a better opening day than The Mandalorian and Grogu, which only pulled down $33.7 million on its way to a total $81.6 million for the weekend.

That also means that Backrooms is an incredibly profitable movie, with an estimated $10 million budget. By comparison, the latest Star Wars disappointment cost $165 million and was considered affordable compared to other entries in the series.

While Backrooms hasn’t received quite as much universal praise as fellow low-budget horror breakout Obsession, it’s still largely getting positive reviews. It also adds to the growing number of YouTube creators (including Obsession’s Curry Barker) who have proven to be successful box office draws.

#Backrooms #certified #blockbuster #million #opening #dayEntertainment,Film,News">Backrooms is a certified blockbuster with a  million opening dayThe Kane Parsons’ film Backrooms is expected to earn up to  million in its opening weekend after pulling down  million on Friday alone. That’s not only above expectations, but absolutely obliterates A24’s previous opening weekend record of .5 million for Alex Garland’s Civil War. It’s also a better opening day than The Mandalorian and Grogu, which only pulled down .7 million on its way to a total .6 million for the weekend.That also means that Backrooms is an incredibly profitable movie, with an estimated  million budget. By comparison, the latest Star Wars disappointment cost 5 million and was considered affordable compared to other entries in the series.While Backrooms hasn’t received quite as much universal praise as fellow low-budget horror breakout Obsession, it’s still largely getting positive reviews. It also adds to the growing number of YouTube creators (including Obsession’s Curry Barker) who have proven to be successful box office draws.#Backrooms #certified #blockbuster #million #opening #dayEntertainment,Film,News

Backrooms is expected to earn up to $90 million in its opening weekend after pulling down $38 million on Friday alone. That’s not only above expectations, but absolutely obliterates A24’s previous opening weekend record of $25.5 million for Alex Garland’s Civil War. It’s also a better opening day than The Mandalorian and Grogu, which only pulled down $33.7 million on its way to a total $81.6 million for the weekend.

That also means that Backrooms is an incredibly profitable movie, with an estimated $10 million budget. By comparison, the latest Star Wars disappointment cost $165 million and was considered affordable compared to other entries in the series.

While Backrooms hasn’t received quite as much universal praise as fellow low-budget horror breakout Obsession, it’s still largely getting positive reviews. It also adds to the growing number of YouTube creators (including Obsession’s Curry Barker) who have proven to be successful box office draws.

#Backrooms #certified #blockbuster #million #opening #dayEntertainment,Film,News">Backrooms is a certified blockbuster with a $38 million opening day

The Kane Parsons’ film Backrooms is expected to earn up to $90 million in its opening weekend after pulling down $38 million on Friday alone. That’s not only above expectations, but absolutely obliterates A24’s previous opening weekend record of $25.5 million for Alex Garland’s Civil War. It’s also a better opening day than The Mandalorian and Grogu, which only pulled down $33.7 million on its way to a total $81.6 million for the weekend.

That also means that Backrooms is an incredibly profitable movie, with an estimated $10 million budget. By comparison, the latest Star Wars disappointment cost $165 million and was considered affordable compared to other entries in the series.

While Backrooms hasn’t received quite as much universal praise as fellow low-budget horror breakout Obsession, it’s still largely getting positive reviews. It also adds to the growing number of YouTube creators (including Obsession’s Curry Barker) who have proven to be successful box office draws.

#Backrooms #certified #blockbuster #million #opening #dayEntertainment,Film,News
SoftBank Group announced today that it plans to spend up to €75 billion (around $87 billion) to expand data center capacity in France.

The goal, the firm said, is to develop and operate up to 5 gigawatts of additional data center capacity. The first phase of the plan involves building data centers in Dunkirk (Loon-Plage), Bosquel, and Bouchain to deliver 3.1 gigawatts of capacity to the Hauts-de-France region by 2031.

SoftBank, which is both an investor in and customer of OpenAI, says this will be its largest AI infrastructure investment in Europe.

In a statement, French economic minister Roland Lescure described the announcement as a “testament to President Emmanuel Macron’s ambition to position France as a leading destination all along the AI value chain.”

In the United States, opposition to data center construction is heating up over environmental concerns, as well as questions about how data centers affect the electrical grid and utility prices. Nonetheless, SoftBank earlier announced plans to build a data center in Ohio, powered by a new 9.2 gigawatt natural gas plant.

#SoftBank #invest #billion #build #French #data #centers #TechCrunchSoftbank">SoftBank says it will invest up to €75 billion to build French data centers | TechCrunch
SoftBank Group announced today that it plans to spend up to €75 billion (around  billion) to expand data center capacity in France.

The goal, the firm said, is to develop and operate up to 5 gigawatts of additional data center capacity. The first phase of the plan involves building data centers in Dunkirk (Loon-Plage), Bosquel, and Bouchain to deliver 3.1 gigawatts of capacity to the Hauts-de-France region by 2031.







SoftBank, which is both an investor in and customer of OpenAI, says this will be its largest AI infrastructure investment in Europe.

In a statement, French economic minister Roland Lescure described the announcement as a “testament to President Emmanuel Macron’s ambition to position France as a leading destination all along the AI value chain.”

In the United States, opposition to data center construction is heating up over environmental concerns, as well as questions about how data centers affect the electrical grid and utility prices. Nonetheless, SoftBank earlier announced plans to build a data center in Ohio, powered by a new 9.2 gigawatt natural gas plant.
#SoftBank #invest #billion #build #French #data #centers #TechCrunchSoftbank

announced today that it plans to spend up to €75 billion (around $87 billion) to expand data center capacity in France.

The goal, the firm said, is to develop and operate up to 5 gigawatts of additional data center capacity. The first phase of the plan involves building data centers in Dunkirk (Loon-Plage), Bosquel, and Bouchain to deliver 3.1 gigawatts of capacity to the Hauts-de-France region by 2031.

SoftBank, which is both an investor in and customer of OpenAI, says this will be its largest AI infrastructure investment in Europe.

In a statement, French economic minister Roland Lescure described the announcement as a “testament to President Emmanuel Macron’s ambition to position France as a leading destination all along the AI value chain.”

In the United States, opposition to data center construction is heating up over environmental concerns, as well as questions about how data centers affect the electrical grid and utility prices. Nonetheless, SoftBank earlier announced plans to build a data center in Ohio, powered by a new 9.2 gigawatt natural gas plant.

#SoftBank #invest #billion #build #French #data #centers #TechCrunchSoftbank">SoftBank says it will invest up to €75 billion to build French data centers | TechCrunch

SoftBank Group announced today that it plans to spend up to €75 billion (around $87 billion) to expand data center capacity in France.

The goal, the firm said, is to develop and operate up to 5 gigawatts of additional data center capacity. The first phase of the plan involves building data centers in Dunkirk (Loon-Plage), Bosquel, and Bouchain to deliver 3.1 gigawatts of capacity to the Hauts-de-France region by 2031.

SoftBank, which is both an investor in and customer of OpenAI, says this will be its largest AI infrastructure investment in Europe.

In a statement, French economic minister Roland Lescure described the announcement as a “testament to President Emmanuel Macron’s ambition to position France as a leading destination all along the AI value chain.”

In the United States, opposition to data center construction is heating up over environmental concerns, as well as questions about how data centers affect the electrical grid and utility prices. Nonetheless, SoftBank earlier announced plans to build a data center in Ohio, powered by a new 9.2 gigawatt natural gas plant.

#SoftBank #invest #billion #build #French #data #centers #TechCrunchSoftbank

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