Sunday, November 26, 2023

Byju’s taps Jiny Thattil as CTO following departure of Anil Goel

Anil Goel, the CTO of Byju’s, is leaving the edtech giant, he informed some colleagues amid a broader restructuring at the Bengaluru-headquartered startup as it looks to pare down costs and unify many of its businesses. Jiny Thattil is replacing Goel as the CTO, according to an internal communication. Goel, a former Amazon executive, was […]

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India’s EMotorad rides high with $20M investment for global e-bike push

EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5 million in total funding, with Singapore’s Panthera Growth Partners leading the latest round, along with participation from […]

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Refections on Web Summit: Out of the frying pan, and out of the fire?

“What controversy?” said the journalist from a global mainstream television outlet to me at the Web Summit Media Dinner, earlier this month in Lisbon. For all the heat and light, the gnashing of teeth, the tearing of clothes and the clutching of pearls, the big technology conference had seemingly managed to pull itself out of […]

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TC Startup Battlefield master class with Blumberg Capital: Make the most of your investors’ expertise

David Blumberg, founder and managing partner at Blumberg Ventures, explains how early-stage startups can look to their investors for help with solving problems, scaling, hiring, and strategic planning.

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What startup founders need to know about AI heading into 2024

Now that the OpenAI leadership saga has died down, startup founders building with AI can get back to work building the future. If that’s you, TechCrunch+ has a pile of notes, opinion pieces and forward-looking stories with your name on them. Sure, TechCrunch+ is a lot more than AI-related coverage, but we are also going […]

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Saturday, November 25, 2023

Sam Altman returns to OpenAI, Apple adopts RCS, and Binance’s CEO pleads guilty to charges

Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular recap of the past few days in tech. The headlines have been dominated — nay, overwhelmed — by the drama unfolding at AI startup OpenAI, but plenty else happened in the half-week leading up to Thanksgiving. So much for a sleepy pre-holiday! In this edition […]

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Black Friday online buying hits a record $9.8B in the US, $70.9B globally

A rush of deep discounts and the growth of flexible payment options were the drivers behind $9.8 billion in online sales in the U.S. on Black Friday — a record figure for the day. According to Adobe Analytics, sales were up by 7.5% on last year’s numbers (you can see those here). Sales easily surpassed […]

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The fate of US venture capital in China teeters on uncertainty

On a weekday afternoon at Red Rock Coffee, the cafe known for spotting venture capitalists in Silicon Valley, one is likely to overhear a few conversations in Mandarin. Since China reopened its border this spring after three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking to the Bay Area. […]

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Friday, November 24, 2023

Startups should consider hiring fractional AI officers

Raphael Ouzan Contributor Share on X Raphael Ouzan is the founder and CEO of A.Team, a future-of-work company pioneering the world’s first AI-enabled team formation platform. More posts by this contributor A Developer’s Guide To The Wild West Of App Discovery The AI skills gap is real. A recent study from Randstad, the recruitment company, […]

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Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss

Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 […]

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Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups

Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million for its second fund with the backing of private investors, including French and Kenyan family offices. The VC firm aims to close the fund at between €30 million and €50 million to primarily invest in startups within […]

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Thursday, November 23, 2023

OpenAI, emerging from the ashes, has a lot to prove even with Sam Altman’s return

The OpenAI power struggle that captivated the tech world after co-founder Sam Altman was fired has finally reached its end — at least for the time being. But what to make of it? It feels almost as though some eulogizing is called for — like OpenAI died and a new, but not necessarily improved, startup […]

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US chip export ban is hurting China’s AI startups, not so much the giants yet

Well before Washington banned Nvidia’s exports of high-performance graphic processing units to China, the country’s tech giants had been hoarding them in anticipation of an escalating tech war between the two nations. Baidu, one of the tech firms building China’s counterparts to OpenAI, has secured enough AI chips to keep training its ChatGPT equivalent Ernie […]

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DoorFeed raises another €7M for its platform allowing large-scale investors to hoover-up family homes

Institutional real estate investors have historically struggled to buy up tonnes of family homes (the so-called ‘Single Family rental sector’) so they can turn us all into rental slaves and lock millions to a rentier economy. A few startups are trying to ease the ‘pain’ of these rapacious harbingers of hyper capitalism. Immo Capital, a […]

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