I wrote about half of last week’s Actuator on Wednesday in an empty office at MassRobotics after meeting with an early-stage startup. I’m not ready to tell you about them just yet, but they’re doing interesting work and have one of the wilder founding stories of recent vintage, so stay tuned for that. Also, shoutout […]
Flipping is much easier than walking by Brian Heater originally published on TechCrunch
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Meta announced today that it will be phasing out onboarding of new Shops without checkout on Facebook and Instagram enabled. Beginning April 24 of next year, Shops without checkout on Facebook and Instagram enabled will no longer be accessible. This means that shops that direct people to an e-commerce site to complete a purchase, rather […]
Instagram and Facebook will force their checkout experience on Shops soon by Aisha Malik originally published on TechCrunch
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Growth matters, but given the macroeconomic climate, smaller numbers are apparently OK as long as there are clear factors driving future revenue and profit.
What is this, revenue growth for ants? by Alex Wilhelm originally published on TechCrunch
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Meta shared some updated engagement info around its platforms on its Q1 2023 quarterly earnings call on Wednesday, with Meta CFO Susan Li joining CEO and founder Mark Zuckerberg to field questions from analysts about its results. Zuckerberg shared that time spent on Instagram has grown more than 24% since the company launched Reels on […]
Meta says time spent on Instagram grew 24% thanks to TikTok-style AI Reel recommendations by Darrell Etherington originally published on TechCrunch
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Things are looking up for Meta. The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters. But this ray of light for the company formerly known as Facebook comes amid harsh restructuring, resulting in over ten thousand jobs eliminated this year. Tech moves through buzzwords like clockwork. […]
Meta beats revenue expectations, remains committed to metaverse by Amanda Silberling originally published on TechCrunch
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Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Daily Crunch: Lookout sells consumer security segment for $223M to become ‘pure-play enterprise company’ by Christine Hall originally published on TechCrunch
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Vietnamese EV automaker Vinfast is getting a $2.5 billion injection of capital as it pursues an ambitious plan to woo U.S. consumers with a slate of electric SUVs and crossovers. Billionaire Pham Nhat Vuong, who founded Vinfast’s parent company Vingroup, committed Wednesday to invest $1 billion of his personal wealth via a grant in the […]
Vinfast’s EV ambitions just got a $2.5B boost by Kirsten Korosec originally published on TechCrunch
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The basic principle of Moore’s law — computing becoming more powerful yet more compact — is playing out in a number of fields, and one of the latest is coming from the world of audiology technology. TympaHealth, a London startup that has developed handheld hardware built around streamlined iPhone and Android devices, and corresponding software, […]
UK’s TympaHealth sounds out $23M to expand its hearing diagnostics startup by Ingrid Lunden originally published on TechCrunch
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Twitter was only confirmed yesterday as one of 19 major tech platforms subject to centralized oversight by the European Union’s executive starting this fall, when so-called very large online platforms (VLOPs) are expected to be compliant with the Digital Services Act (DSA). But the Commission has not wasted any time warning the Elon Musk-owned social […]
EU warns Twitter over disinformation after Musk policy shifts found to boost Kremlin propaganda by Natasha Lomas originally published on TechCrunch
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Instacart is introducing a few new ways for users to find deals on its app, the company has announced. The app will now surface a new “You Items on Sale” section on a store’s page that will leverage Instacart’s AI recommendation systems to help users find personalized deals based on their past orders. There’s also […]
Instacart rolls out new ways for users to find deals on its app by Aisha Malik originally published on TechCrunch
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Workplaces are increasingly adopting AI. Workers are wary — but not necessarily opposed, depending on the application.
Workers are wary — but also optimistic — about AI by Kyle Wiggers originally published on TechCrunch
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Greycroft, the self-styled “seed-to-growth” venture capital firm, today announced the closing of over $1 billion in capital commitments across new funds. The firm’s two flagship vehicles, Greycroft Partners VII and Greycroft Growth IV, closed on more than $980 million, according to co-founder and managing partner Dana Settle — cash that’ll be put toward investing in […]
Greycroft closes on over $1 billion across new funds by Kyle Wiggers originally published on TechCrunch
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Hyundai Motor Group and General Motors announced separately Tuesday plans to build electric vehicle battery plants in the U.S. in partnership with South Korean battery manufacturing firms. Hyundai will set up a $5 billion battery cell production joint venture in the U.S. with SK On, the company that is also working with Ford to set […]
Hyundai, GM partner with Korean battery makers to build US plants by Rebecca Bellan originally published on TechCrunch
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