Alibaba CEO Daniel Zhang to pass the torch and focus on cloud

Hours after rumors started circling in China about a possible stepdown of Alibaba’s chairman and CEO Daniel Zhang, the ecommerce behemoth confirmed midday on Tuesday that the executive will hand over the torch. Zhang will be replaced by Joe Tsai, Alibaba’s current executive vice chairman, as chairman, and Eddie Wu, current chairman of Alibaba’s marketplaces […]

Alibaba CEO Daniel Zhang to pass the torch and focus on cloud by Rita Liao originally published on TechCrunch

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Vimeo intros a trio of AI-powered editing features

Vimeo, the video hosting and sharing platform, is embracing AI in a major way. This week, Vimeo announced a suite of AI-powered tools designed to help users create scripts, record footage using a built-in teleprompter and remove long pauses and unwanted disfluencies like “ahs” and “ums” from the recordings. They’ll be available starting July 17 […]

Vimeo intros a trio of AI-powered editing features by Kyle Wiggers originally published on TechCrunch

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TuSimple tests removing human driver from self-driving truck in China

Autonomous trucking company TuSimple last week successfully completed a fully autonomous semi-truck run on public roads in China without a human present in the vehicle and without human intervention. The company claims to have completed China’s first so-called “driver-out” run. This is the second time TuSimple has pulled the driver out of operations on public […]

TuSimple tests removing human driver from self-driving truck in China by Rebecca Bellan originally published on TechCrunch

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Philippines startup Shoppable Business smooths bumps in the business procurement process

Shoppable Business wants to make it easier for businesses in the Philippines to source and procure branded products and other inventory, with an emphasis on making sure products are authentic. The B2B e-commerce marketplace announced it has closed what it says was an oversubscribed pre-seed funding round of $1.15 million. The round was co-led by […]

Philippines startup Shoppable Business smooths bumps in the business procurement process by Catherine Shu originally published on TechCrunch

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Polestar and Xingji Meizu join forces to create tailored OS for Chinese EVs

Swedish electric vehicle maker Polestar has formed a joint venture with Xingji Meizu, a mobile phone and consumer electronics company, to build an operating system for Polestar cars sold in China. In the rest of the world, Polestar has integrated Google’s Android Automotive OS into vehicles to power its infotainment systems. Google has very little […]

Polestar and Xingji Meizu join forces to create tailored OS for Chinese EVs by Rebecca Bellan originally published on TechCrunch

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Fisker to enter China’s hotly contested EV market with local production plans

Fisker, the electric carmaker founded by the Danish auto designer Henrik Fisker, is gearing up to enter the Chinese market where competition is increasingly cut-throat, following in the footsteps of another brave American player Lucid. Fisker plans to open a delivery center in China this year and commence deliveries of the Fisker Ocean SUV, its […]

Fisker to enter China’s hotly contested EV market with local production plans by Rita Liao originally published on TechCrunch

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Hackers threaten to leak 80GB of confidential data stolen from Reddit

Hackers are threatening to release confidential data stolen from Reddit unless the company pays a ransom demand – and reverses its controversial API price hikes.  In a post on its dark web leak site, the BlackCat ransomware gang, also known as ALPHV, claims to have stolen 80 gigabytes of compressed data from Reddit during a […]

Hackers threaten to leak 80GB of confidential data stolen from Reddit by Carly Page originally published on TechCrunch

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Y Combinator-backed Rever aims to modernize refunds and returns

Màrius Montmany and Oriol Hernandez i Fajula, former employees at large logistics companies, several years ago found themselves frustrated with the problem of “reverse logistics”  — how to get product returns through the mail system in an efficient and cost-effective way. Dissatisfied with the existing solutions out there, the pair founded Rever — now backed […]

Y Combinator-backed Rever aims to modernize refunds and returns by Kyle Wiggers originally published on TechCrunch

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Investors say they have uncovered financial irregularities at Mojocare

Mojocare investors have found “financial irregularities” at the Indian health and wellness startup and are moving to scale down its operations, they said in a statement Sunday. The move follows the Bengaluru-headquartered startup, backed by Peak XV, B Capital and Chiratae Ventures, laying off some 150 employees, a majority of the workforce, earlier this week. […] Investors say they have uncovered financial irregularities at Mojocare by Manish Singh originally published on TechCrunch
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Seedstars, Fondation Botnar launch new fund to back African startups focused on youth wellbeing

Seedstars Capital and Swiss philanthropic foundation Fondation Botnar have launched Seedstars Youth Wellbeing Ventures, a $20 million investment mandate targeting early-stage startups in Africa that are focused on improving the wellbeing of people below 30 years in low-and-middle-income countries. The evergreen fund will back pre-seed to Series A startups including those that advance health services, […]

Seedstars, Fondation Botnar launch new fund to back African startups focused on youth wellbeing by Annie Njanja originally published on TechCrunch

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Mercedes jumps into the ChatGPT fray and Toyota plays catch-up

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point […]

Mercedes jumps into the ChatGPT fray and Toyota plays catch-up by Kirsten Korosec originally published on TechCrunch

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You.com looks to innovation to chip away at Google’s search dominance

You.com is a small startup trying to take on search giant Google with AI, innovation and a focus on privacy.

You.com looks to innovation to chip away at Google’s search dominance by Ron Miller originally published on TechCrunch

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Mojocare investors uncover financial irregularities, unsustainable business model

Mojocare investors have found “financial irregularities” at the health and wellness startup and are pushing to scale down the operations, they said in a statement Sunday. The move follows the Bengaluru-headquartered Mojocare, backed by Peak XV, B Capital and Chiratae Ventures, laying off some 150 employees earlier this week. In a joint statement, the investors […]

Mojocare investors uncover financial irregularities, unsustainable business model by Manish Singh originally published on TechCrunch

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Deal Dive: Maybe venture debt works for asset managers after all

While many venture debt lenders were skeptical the strategy would work for asset managers, BlackRock decided to take the plunge. Deal Dive: Maybe venture debt works for asset managers after all by Rebecca Szkutak originally published on TechCrunch
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Reddit’s CEO lashes out, Twitter gets evicted, and NYC delivery workers get a pay raise

Hi, lovely people, and welcome to Week in Review (WiR), TechCrunch’s regular newsletter that highlights the top news in tech over the past week (or so). If you haven’t already, sign up here to get WiR in your inbox every Saturday. Most read Reddit’s CEO lashes out: Reddit CEO Steve Huffman is not backing down amid […]

Reddit’s CEO lashes out, Twitter gets evicted, and NYC delivery workers get a pay raise by Kyle Wiggers originally published on TechCrunch

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