Tuesday, August 15, 2023

ElectraMeccanica to merge with electric truck startup Tevva

ElectraMeccanica, the maker of the tiny three-wheeled Solo electric vehicle, will merge with UK-based truck manufacturer Tevva in a bid to grow their combined market share for electric trucks, the companies said Tuesday. The merger represents a pivot for ElectraMeccanica, which struggled to produce its small electric vehicle profitably. After a recall in February, ElectraMeccanica […]

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US lawmaker says FBI notified him of email breach linked to Microsoft cloud hack

U.S. House lawmaker Rep. Don Bacon said the FBI warned him that China-backed hackers who used a stolen Microsoft key to raid the email accounts of senior U.S. government officials also accessed his email accounts. In a tweet, the Republican congressman from Nebraska said the FBI notified him on Monday that the Chinese government “hacked […]

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YouTube cracks down on videos promoting ‘ineffective’ cancer treatments

YouTube is removing content that promotes “harmful or ineffective” cancer treatments or discourages viewers from getting professional medical treatment, the company announced on Tuesday. The change is being made under YouTube’s updated and streamlined medical misinformation guidelines. The new policy will remove content that promotes unproven treatments in place of approved care or as a guaranteed […]

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SecureWorks layoffs affect 15% staff

SecureWorks said Monday it will let go of 15% of its workforce, the cybersecurity company’s second round of layoffs this year. In a regulatory filing, SecureWorks said that it would incur about $14.2 million in expenses due to the layoffs, mostly related to employee termination benefits and real-estate costs. SecureWorks chief executive Wendy Thomas cited […]
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Monday, August 14, 2023

Indian court ruling threatens Google’s advertising revenue model

The Delhi High Court has ruled that Google’s Ads Programme falls under the purview of the trademarks act, meaning the search giant’s use of trademarks as keywords amounts to “use” under the act, in a major decision that may redefine online advertising’s legal landscape. The decision (PDF), delivered by a division bench of Justice Vibhu […]

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Rocket Lab to launch a pair of climate satellites for NASA

Rocket Lab will launch two small satellites for NASA that could help scientists better understand how a warming climate will affect the massive ice shelves at the Earth’s poles. The PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) mission will gather data on how much far-infrared energy is emitted at the poles, and how those […]

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Brex expands into group events while Mesh Payments moves into travel

As the spend management space continues to get more competitive, the various players seem to be constantly iterating to add new features to their products. Today, fintech startup Brex announced it is moving in an unexpected direction with its travel offering while Mesh Payments said it’s expanding into travel in addition to general expense management. […]

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Robomart is banking on ‘store-hailing’ to bring self-driving stores directly to customers

The last few years have dramatically disrupted the way many people get their food. What started as a safety precaution has become an everyday occurrence for many, as people are skipping restaurant waits and grocery store lines for the convenience of apps like Instacart and Seamless. Of course, the apps have their own drawbacks. When […]

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Nikola shares tank after EV maker recalls its battery-electric big rigs

Electric truck maker Nikola shares plummeted Monday after it recalled nearly all of its battery electric semi trucks. The company recalled 209 of its Class 8 Tre battery electric vehicles after a third-party investigation found a coolant leak likely caused a battery fire in one of its trucks. The company said Friday it has placed […]

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Ford taps Apple exec to lead new software services unit

Ford has hired Peter Stern, a former executive at Apple, to lead its newly formed Ford Integrated Services unit. The unit will create and market software-enabled customer experiences across Ford’s three business units: Ford Blue, for gas and hybrid vehicles, Model e for connected EVs, and Ford Pro for commercial products. As the era of […]

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Millions of Americans’ health data stolen after MOVEit hackers targeted IBM

Millions of Americans had their sensitive medical and health information stolen after hackers exploiting a zero-day vulnerability in the widely used MOVEit file transfer software raided systems operated by tech giant IBM. Colorado’s Department of Health Care Policy and Financing (HCPF), which is responsible for administering Colorado’s Medicaid program, confirmed on Friday that it had […]

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Another $100M for AI, why not

Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Here’s the rundown from this morning: […]

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Disrupt is around the corner — Here are the fintech players taking the stage

In this week’s edition of The Interchange, we touch on the resilience of BaaS in a sometimes messy fintech space, earnings highlights, and much more. If you want to receive this in your inbox every Sunday, sign up here. It’s hard to believe it but TechCrunch Disrupt — only one of the most engaging, fun, […]
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Sunday, August 13, 2023

India, the world’s largest smartwatch market, is getting new smart rings

The world’s largest smartwatch market is about to get two new smart rings. While wrist-worn wearables are still wildly popular in India, a pair of domestic manufacturers are banking on consumers who are meticulous about health and sleep tracking but are less interested in the form factor. BoAt and Noise are entering the smart ring […]

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