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Car-sharing company Getaround cuts one-third of US workforce
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Friday, February 9, 2024
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Thursday, February 8, 2024
Bootstrapped for 8 years, Xensam has now snapped up $40M for AI that manages software assets
Software asset management — an area of enterprise IT designed, in part, to help companies save money — continues to draw a lot of money itself. In the latest development, Xensam — a startup out of Stockholm that provides AI-based tools to help businesses understand and track where and how software is being used — […]
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Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India’s UPI payments
An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay apps that currently command more than 83% of the country’s fast-growing digital payments market. The 58-page report, which includes a series of recommendations, comes at a time when […]
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Here are the fintech startups that could go public in 2024
Could 2024 be the year for fintech IPOs? Quite possibly, according to F-Prime Capital’s State of Fintech 2024 report. F-Prime — a VC firm with over $4.5 billion in assets under management that tracks the performance of emerging, publicly traded and privately held financial technology companies — naturally remains bullish on the fintech space, noting that: […]
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CodeSignal launches a learning platform with an AI-powered guide
Technical assessment company CodeSignal, which counts Index Ventures and Menlo Ventures as backers, is launching a learning platform called CodeSignal Learn. The new platform, aimed at audiences wanting to learn technical subjects, also has an AI-powered bot called Cosmo, which helps users with learning. The company said that there are hundreds of courses available at […]
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Arm’s gains are SoftBank’s gains
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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Here are my favorite Vision Pro apps (so far)
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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Car-sharing company Getaround cuts one-third of US workforce
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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Wednesday, February 7, 2024
Indian central bank defends ‘proportionate’ action on Paytm
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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Google starts blocking users from sideloading certain apps in Singapore
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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Brita snaps up smart water bottle startup, Larq
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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Accounting software startup Pennylane becomes France’s latest unicorn
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 suspends mobile phone services on election day
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 snags $7M to boost automation in landscaping, construction services
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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OpenAI forms a new team to study child safety
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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