Thursday, September 12, 2024

Amazon and Flipkart violated competition laws in India, report says

Indian antitrust regulator has found that Amazon and Flipkart, owned by Walmart, violated local competition laws, according to a report. The finding presents a new challenge for the e-commerce giants in a market where online retail growth remains modest at under 15% and quick-commerce is increasingly snatching business from Amazon India and Flipkart. The Competition […]

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OffDeal wants to help small businesses find big exits with AI agents

Small businesses are the unsung heroes of the American economy, employing nearly half of America’s workforce and making up 44% of the country’s GDP. But when it’s time for small business owners to sell their companies, their options are limited. Some go to small business brokers or pass the business on to their children, while […]

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Novatus nabs $40M to help financial institutions quell their RegTech nightmares

Banks, investments and financial services are not known to be bastions of transparency — not to the general public, and, as the last financial crisis laid bare, sometimes not even to the people who operate within them. This was a fact known all too well by Andrew Hedley. Working in the area of risk at […]

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Google’s GenAI facing privacy risk assessment scrutiny in Europe

Google’s lead privacy regulator in the European Union has opened an investigation into whether or not it has complied with the bloc’s data protection laws in relation to use of people’s information for training generative AI. Specifically it’s looking into whether the tech giant needed to carry out a data protection impact assessment (DPIA) in […]

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Bad credits: consumer group files EU suit over ‘manipulative’ payments in games like Fortnite and Minecraft, calls for a ban

Video games are some of most lucrative apps in the world, thanks in part because of how they lure people into spending money on credits to play games and buy digital goods, to the tune of more than $50 billion annually worldwide. But a powerful consumer group in Europe believes games publishers are “purposefully tricking […]

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Mark Zuckerberg says he’s done apologizing

The home of the Golden State Warriors was packed on Tuesday evening this week, but it wasn’t to watch Steph Curry. Thousands of fans gathered at the Chase Center in downtown San Francisco to watch one of Silicon Valley’s biggest ballers, Meta CEO Mark Zuckerberg, sit down for a conversation with the hosts of the […]


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Wednesday, September 11, 2024

Drama at OpenWeb, as a new CEO is announced – and the founding CEO says he’s staying

OpenWeb, a New York startup whose tools help publishers engage users, has a unique problem. Its co-founding CEO reportedly won’t leave, even though it announced a new CEO. According to CTech, on Tuesday, OpenWeb’s chairman, Tim Harvey, sent an email to employees, saying he’s becoming CEO and thanking longtime CEO Nadav Shoval for his “incredible […]

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Adam Neumann’s crypto comeback company is reportedly refunding investors

In a development that will surprise few, former WeWork CEO Adam Neumann’s climate/crypto/carbon-credit startup Flowcarbon appears to be in the process of curling up to die, Forbes reported today. Buyers of its “Goddess Nature Token,” pitched as the first step in putting carbon credits on the blockchain, have reportedly been contacted about receiving refunds over […]

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LineLeap lets users pay to skip the line at bars

No one likes standing in line. I was reminded of just how awful the experience can be last Saturday, while being herded like cattle through a two-hour queue for a nightclub in unseasonably cold weather. I’d not soon repeat the experience. Fortunately, there’s a startup for that. LineLeap, backed by Y Combinator, lets people pay […]

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Amazon starts testing ads in its Rufus chatbot

Rufus, Amazon’s recently launched, shopping-focused chatbot, is getting ads soon. That’s according to a changelog published by Amazon this week (first spotted by AdWeek), which states that sponsored ads could soon start appearing in placements for Rufus users in the U.S. Ads will be shown based on Amazon search and conversational context, Amazon says, and […]

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YouTube Shorts’ collaborative Add Yours sticker is now available to all users

YouTube confirmed on Wednesday that its collaborative “Add Yours” sticker for YouTube Shorts is now fully rolled out. The Google-owned company first announced the feature back in July. The sticker works just like Instagram’s feature of the same name, as it prompts users to share their own take on a creator’s video. Both platforms’ “Add […]

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Mark Zuckerberg says he’s done apologizing

The home of the Golden State Warriors was packed on Tuesday evening this week, but it wasn’t to watch Steph Curry. Thousands of fans gathered at the Chase Center in downtown San Francisco to watch one of Silicon Valley’s biggest ballers, Meta CEO Mark Zuckerberg, sit down for a conversation with the hosts of the […]

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This Week in AI: OpenAI’s new Strawberry model may be smart, yet sluggish

Hiya, folks, welcome to TechCrunch’s regular AI newsletter. If you want this in your inbox every Wednesday, sign up here. This week in AI, OpenAI’s next major product announcement is imminent, if a piece in The Information is to be believed. The Information reported on Tuesday that OpenAI plans to release Strawberry, an AI model that […]

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