Monday, July 22, 2024

Monarch Tractor CEO says $133M raise will help it escape ‘quite a challenging time’

Monarch Tractor was in a tricky spot late last year as the autonomous electric tractor startup juggled growth and an uncertain fundraising environment. Now, with $133 million in new funds, CEO Praveen Penmetsa tells TechCrunch that the startup is plowing ahead into greener pastures.  The $133 million Series C funding round was co-led by agri-food […]

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TechCrunch Space: SpaceX’s big plans to bring the ISS back to Earth

Hello and welcome back to TechCrunch Space. Before we begin, a quick note: I write this newsletter on Friday and it gets delivered to you on Monday. So if I neglect to mention a world-historical event that happens over the weekend — like, say, the attempted assassination of a former President — that’s why. Now […]

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Pesa unlocks new markets to keep remittances flowing to emerging economies

Founders of Pesa, a remittance fintech, know too well how costly, inaccessible and unreliable remittance services drive people to opt for risky informal channels —  like WhatsApp groups  — to transfer money.  Their firsthand experience using informal channels and realizing how prevalent their use was among Africans living in the diaspora after settling in Canada […]


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Pesa unlocks new markets to keep remittances flowing to emerging economies

Founders of Pesa, a remittance fintech, know too well how costly, inaccessible and unreliable remittance services drive people to opt for risky informal channels —  like WhatsApp groups  — to transfer money.  Their firsthand experience using informal channels and realizing how prevalent their use was among Africans living in the diaspora after settling in Canada […]

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Sunday, July 21, 2024

The Asus ROG Ally X turns PC gaming into a portable console

A little more than a year after launching the ROG Ally, Asus is releasing a refined version of its portable device, the ROG Ally X. This Windows-based machine starts shipping on July 22 for $800. I’ve been playing with the portable console for a few days, and there’s already a lot to like — especially […]

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CIA AI director Lakshmi Raman claims the agency is taking a ‘thoughtful approach’ to AI

As a part of TechCrunch’s ongoing Women in AI series, which seeks to give AI-focused women academics and others their well-deserved — and overdue — time in the spotlight, TechCrunch interviewed Lakshmi Raman, the director of AI at the CIA. We talked about her path to director as well as the CIA’s use of AI, and the […]

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What Kamala Harris has said about AI, tech regulation, and more

With President Joe Biden dropping out of the race, Vice President Kamala Harris may become the Democrats’ new nominee. In announcing his plans, Biden offered his “full support and endorsement for Kamala to be the nominee of our party this year,” while Harris said her “intention is to win and earn this nomination.” That said, […]

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What Kamala Harris has said about AI, tech regulation, and more

With President Joe Biden dropping out of the race, Vice President Kamala Harris may become the Democrats’ new nominee. In announcing his plans, Biden offered his “full support and endorsement for Kamala to be the nominee of our party this year,” while Harris said her “intention is to win and earn this nomination.” That said, […]


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Joe Biden drops out of presidential race

U.S. President Joe Biden has announced he no longer plans to seek reelection, a decision that follows weeks of growing pressure from some Democratic Party supporters, including high-profile tech investors and executives. “It has been the greatest honor of my life to serve as your President,” Biden said in a statement. “And while it has […]

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WazirX halts trading after $230 million ‘force majeure’ loss

WazirX, one of India’s largest cryptocurrency exchanges, has “temporarily” suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach. The Mumbai-based exchange said in a tweet Sunday evening that the cyber attack had substantially impaired its ability to maintain the critical 1:1 collateral […]


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WazirX halts trading after $230 million ‘force majeure’ loss

WazirX, one of India’s largest cryptocurrency exchanges, has suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach. The Mumbai-based exchange said in a tweet Sunday evening that the cyber attack had substantially impaired its ability to maintain the critical 1:1 collateral ratio […]

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From Yandex’s ashes comes Nebius, a ‘startup’ with plans to be a European AI compute leader

Subject to shareholder approval, Yandex N.V. is adopting the name of one of its few remaining assets, an AI cloud platform called Nebius AI which it birthed last year.

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