UK readies in-depth investigation into Adobe’s $20B Figma acquisition

The U.K.’s Competition and Markets Authority (CMA) has provisionally concluded that Adobe’s proposed $20 billion bid for digital design rival Figma could result in a “substantial lessening of competition” in the U.K for designers. As a result of its initial findings, the CMA is progressing the case to an in-depth “phase 2” investigation, albeit the […]

UK readies in-depth investigation into Adobe’s $20B Figma acquisition by Paul Sawers originally published on TechCrunch

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Fidelity deepens valuation cut for Reddit and Discord

Fidelity has further slashed the estimated worth of its holding in social platform Reddit and chat app Discord as well as SaaS startup Gupshup, giving a preview into how the asset manager sees the impact of the ongoing slowdown in the public market on privately-held shares. Fidelity Blue Chip Growth Fund valued its holdings in […]

Fidelity deepens valuation cut for Reddit and Discord by Manish Singh originally published on TechCrunch

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Fertifa enables companies to offer fertility and reproductive health benefits

The number of workplaces offering fertility and reproductive healthcare benefits are on the rise. Doing so can help companies become more competitive employers and bolster diversity, equity and inclusion efforts, for example by attracting more women and LGBTQ+ people. Based in London, Fertifa wants to enable more companies in Europe to offer reproductive benefits to […]

Fertifa enables companies to offer fertility and reproductive health benefits by Catherine Shu originally published on TechCrunch

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VW subsidiary Electrify America to add Tesla connectors to EV charging network

Electrify America has become the latest company to align itself with Tesla’s EV charging standard. The company, which was created as part of a settlement of the Volkswagen diesel emission scandal, said Thursday it will add Tesla’s North American Charging Standard (NACS) connector to Electrify America and Electrify Canada’s fast charging networks by 2025.  Electrify […] VW subsidiary Electrify America to add Tesla connectors to EV charging network by Kirsten Korosec originally published on TechCrunch
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Korea’s Alwayz aims to make online shopping fun again with $46M in funding

Seoul-based e-commerce company Levit, an operator of the shopping app Alwayz, wants to make the shopping experience more entertaining and affordable. The two-year-old startup has recently raised $46 million in a Series B round of funding led by DST Global Partners with participation from new investor BOND and existing backers KB Investment, Mirae Asset Capital, […]

Korea’s Alwayz aims to make online shopping fun again with $46M in funding by Kate Park originally published on TechCrunch

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B Garage raises $20M for its warehouse inventory drones

B Garage, a San Jose-based startup building autonomous drones along with software to track warehouse inventory, said today that it has picked up $20 million in a Series A round of funding.  New investor LB Investment led the Series A funding with participation from Ignite Innovation Fund, Krossroad Partners and existing backer SoftBank Ventures Asia. The […]

B Garage raises $20M for its warehouse inventory drones  by Kate Park originally published on TechCrunch

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Meta expects recommendation models ‘orders of magnitude’ bigger than GPT-4. Why?

Meta made a remarkable claim in an announcement published today intended to give more clarity on its content recommendation algorithms. It’s preparing for behavior analysis systems “orders of magnitude” bigger than the biggest large language models out there, including ChatGPT and GPT-4. Is that really necessary? Every once in a while Meta decides to freshen […]

Meta expects recommendation models ‘orders of magnitude’ bigger than GPT-4. Why? by Devin Coldewey originally published on TechCrunch

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Material Evolution raises $19M to decarbonise the cement industry

In the industrial world, cement is about as omnipresent as materials get. But despite its clear and obvious utility, cement is responsible for some 8% of global CO2 emissions — if it was a country, it would be third biggest emitter globally, by some estimations. While cement’s ubiquity comes largely down to how easy it […]

Material Evolution raises $19M to decarbonise the cement industry by Paul Sawers originally published on TechCrunch

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Typeface, which is building generative AI for brands, raises $100M at a $1B valuation

In 2022, Abhay Parasnis, the former CTO of Adobe, founded Typeface, a generative AI startup focused on enterprise use cases. With it, he hoped to leverage generative AI — which at the time was just beginning to come into vogue — to deliver personalized content for brands at scale. Typeface, thanks in part to the […]

Typeface, which is building generative AI for brands, raises $100M at a $1B valuation by Kyle Wiggers originally published on TechCrunch

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India startup funding slides 68% after Tiger and SoftBank make virtually no deals

Indian startups experienced a significant contraction in funding in the first half of 2023, revealing the knock-on effect of broader public market instability on young ventures in emerging regions. The first six months of 2023 saw Indian startups raise a mere $5.46 billion, a substantial 68% decline from the $17.1 billion during the same timeframe […]

India startup funding slides 68% after Tiger and SoftBank make virtually no deals by Manish Singh originally published on TechCrunch

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House GOP discusses use of robot dogs to patrol US borders

The United States Department of Homeland Security caused a stir last February when it revealed that it was exploring deploying robot dogs on the U.S./Mexico border. “The southern border can be an inhospitable place for man and beast, and that is exactly why a machine may excel there,” the DHS’s Brenda Long said at the […] House GOP discusses use of robot dogs to patrol US borders by Brian Heater originally published on TechCrunch
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DoorDash offers delivery workers hourly rate, but there’s a catch

DoorDash will give delivery workers the option to be paid a guaranteed hourly minimum rate instead of being paid per delivery, the company said Wednesday. The new option, a novelty in the gig worker industry, comes as DoorDash and other app-based gig companies like Lyft and Uber will have to provide New York City delivery […]

DoorDash offers delivery workers hourly rate, but there’s a catch by Rebecca Bellan originally published on TechCrunch

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Proton launches its password manager Proton Pass

A couple of months after unveiling Proton Pass, Proton — the company behind end-to-end encrypted email service Proton Mail — is officially launching its password manager to everyone. As a reminder, Proton Pass is an end-to-end encrypted password manager for individuals and (soon) families. Everybody should use a password manager as it helps you use […]

Proton launches its password manager Proton Pass by Romain Dillet originally published on TechCrunch

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Gleamer, which provides AI software for radiologists, raises $29.5M

Gleamer, a five-year-old French startup that has developed AI software to help radiologists diagnose and detect bone trauma lesions in scans among other conditions, has raised €27 million ($29.5 million) in a Series B round of funding. Founded in 2017, Gleamer’s core flagship BoneView software, which it touts as an “AI companion for bone trauma […]

Gleamer, which provides AI software for radiologists, raises $29.5M by Paul Sawers originally published on TechCrunch

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China’s AI firms might further lose chip access in new US ban

The U.S. is weighing additional restrictions on AI chip export to China amid rising concerns over the use of advanced semiconductors for military modernization. The Wall Street Journal reported Tuesday that the U.S. Department of Commerce could prohibit shipments of chips from manufacturers including Nvidia to customers in China as soon as early next month. […]

China’s AI firms might further lose chip access in new US ban by Rita Liao originally published on TechCrunch

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