Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or 90% of its workforce, will lose their jobs as a result, according to a regulatory filing. The company said it is suspending all used […]
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Energy supply is one of the bigger issues impacting how technology will evolve over time — a challenge that might be feel closer to home when you consider the batteries of objects like mobile phones or electric vehicles but is definitely not constrained just to consumer tech. A startup called Instagrid is using software to […]
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TravelPerk, a business travel management platform targeted at SMEs, has raised $105 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2. Existing investors including Kinnevik and Felix Capital also participated in the round. The funding gives TravelPerk a valuation of $1.4 billion, just a fraction over the $1.3 billion valuation […]
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Apple will pay additional royalties starting this month to artists if they have a spatial audio version on Apple Music, according to multiple reports. The company will pay up to 10% additional royalty if an artist has all their songs in spatial audio, per a report by 9to5Mac. The extra money doesn’t depend on users […]
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Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans. The link to the draft rules was no longer accessible as of this morning, as first reported by Reuters. Shares of […]
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In the middle of a long funding winter, AC Ventures’ latest news will give Southeast Asian startups hope. The Jakarta, Indonesia-based venture firm announced today it has raised $210 million, finishing the final close on its fifth fund, called ACV Fund V. Limited partners include the World’s Bank’s IFC and investors from the United States, […]
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European VC Plural has carved out a reputation for itself as one of the few VC’s in the region started and led by entrepreneurs who grew their own startups, with its founders including Taaavet Hinrikus from Transferwise/Wise; Sten Tamkivi; and Ian Hogarth, the founder of Songkick who more recently has also added a role with […]
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MrBeast made over $263,000 in ad revenue from posting his latest video on X, but the YouTube icon says he thinks this number is “a bit of a facade.” “Advertisers saw the attention it was getting and bought ads on my video (I think) and thus my revenue per view is prob higher than what […]
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Sierra Space has completed a key test of its inflatable space habitat, as the company progresses toward launching and operating a private space station with Blue Origin before the end of the decade. The “ultimate burst pressure” test of the inflatable module was conducted at NASA’s Marshall Space Flight Center. As the name suggests, the […]
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When Palworld made its inauspicious debut in a teaser a year or so back, few thought this strange, blatant Pokémon ripoff would be anything but a quickly forgotten oddity. But after its Early Access release last week, the game has broken records and sold millions — reflecting the pent-up demand for a truly modern Pokémon-type […]
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"If you're not making money, you're not having impact," said ArcTern Ventures managing partner Murray McCaig.
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It would be shortsighted to overlook edtech amid the present downturn, especially now that AI is disrupting nearly every industry out there.
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Like a tenacious balloon, no matter how hard crypto gets knocked down, it tends to float back up again. But the current crypto bust looks a bit different.
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Journal app Day One is introducing Shared Journals, a new social feature that lets you share stories and memories with your friends and family. Shared Journals are a private space where you and your friends can share life updates with each other. It’s kind of like a small social network where you can share experiences […]
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