Not so long ago, things were looking bleak for SoftBank, the investment holding company headed by eclectic — and controversial — tech mogul Masayoshi Son. The Vision Fund, SoftBank’s venture arm, posted a $6.2 billion loss in Q2 2023, tied to WeWork and other unfortunate bets. But — thanks in no small part to chip […]
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Since Apple launched the Vision Pro last Friday, I’ve been hammering home the importance of immersive content. This isn’t a radical suggestion by any means. At this point we’re all keenly aware that hardware platforms live and die by content offerings. Remember all the way back, for a moment, to the end of 2014. When […]
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Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is cutting 30% of its North American workforce as part of a restructuring. The company said in a statement it will restructure its workforce and operations to reduce costs in hopes of extending its cash runway and accelerating […]
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India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first comment after a clampdown on Paytm last week has posed existential questions about the future of the leading financial services firm. Shaktikanta Das, the Reserve Bank of India governor, said the central bank always […]
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To reduce financial scams, Google has started a new program to prevent users from sideloading certain apps in Singapore. The company is looking to block sideloaded apps that abuse Android permissions to read one-time passwords received through SMS and notifications. Google said there are four sets of permissions that bad actors exploit to commit financial […]
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Smart water bottle-maker Larq this week announced that it has been acquired by filtration giant, Brita. More specifically, Brita GmbH, the German company founded in 1966, which spun off and sold its North/South American wing to Clorox in 1988. Brita GmbH maintains the brand in the rest of the world, but it currently is barred […]
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Just like clockwork, Pennylane is raising another €40 million ($43 million at today’s exchange rate). This new funding round comes after the accounting startup raised €4 million in 2020, €15 million in 2021, another €15 million in 2021 again, €50 million in 2022 and €30 million in 2023. You might think that it’s quite a […]
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Pakistan has temporarily suspended mobile phone services across the country to combat any “possible threats,” a top ministry said, as the South Asian nation begins its national election. In a statement, Pakistan’s interior ministry said the move was prompted by recent incidents of terrorism in the country. The internet was still accessible through wired broadband […]
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Attentive.ai, a startup building vertical software for landscaping and construction services in the U.S., has raised $7 million in a new funding round as it looks to enhance its AI-led offerings and expand them to more businesses. Led by Vertex Ventures Southeast Asia and India, the all-equity Series A round, which follows the earlier $5 […]
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Under scrutiny from activists — and parents — OpenAI has formed a new team to study ways to prevent its AI tools from being misused or abused by kids. In a new job listing on its career page, OpenAI reveals the existence of a Child Safety team, which the company says is working with platform […]
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Lego Fortnite is only two months old, but Epic Games is already out with an even bigger collaboration. Epic and Disney announced today that the companies will partner on an “all-new games and entertainment universe” that will bring characters from Disney’s deep catalogue to life through Fortnite. The scope of the project sounds massive, to […]
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The post-Twitter era has spurred the development and further growth of numerous social networks that prioritize brief posts, from open source standbys like Mastodon to new decentralized concepts like Bluesky, and those from smaller startups like Post, Spill, and Spoutible, to those from tech giants like Meta, which launched the Twitter-like Threads. While this is […]
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Interlune, a stealth startup headed by ex-Blue Origin executives, is focused on the mining the moon for a rare isotope of helium that could be used to scale quantum computing and eventually even fusion power, TechCrunch has learned. Regulatory filings reported here last week showed that the company recently closed $15.5 million in new capital; […]
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In another sign of the scramble to accelerate the uptake and transformative potential of artificial intelligence, Dutch recycling giant Bollegraaf Group is making a strategic investment in UK AI startup Greyparrot, which uses computer vision for waste analytics. The veteran manufacturer of MRFs (Material Recovery Facilities) and “turnkey” recycling systems — which was originally founded as […]
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Microsoft’s prescient bets and aggressive investments in AI have propelled the software giant to become the world’s most valuable company. Yet Satya Nadella, its typically reserved chief executive, couldn’t resist landing a gloved jab at the rest of the industry. “We have the best model today … even with all the hoopla, one year after, […]
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