Wednesday, October 2, 2024

Pallet uses AI to bring logistics into the 21st century

Transportation and warehousing are multi-trillion-dollar industries, but the technologies that power them are often outdated, inefficient and siloed. Pallet, which is announcing an $18 million Series A funding round led by Bain Capital Ventures today, has built an all-in-one transportation and warehouse management system that uses AI to help these businesses streamline their operations from […]

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Starling Bank fined $39 million for ‘facilitating financial crime’

Starling Bank, a popular challenger bank based in the U.K., has received a £29 million fine from the country’s financial regulator (around $39 million at current exchange rates). The Financial Conduct Authority (FCA) found the startup didn’t have proper financial crime controls from 2021 to 2023. Starling has been around for more than a decade. […]

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TechCrunch reimagined: welcome to our new design

Sometimes, you have to start from scratch to make something amazing. Sometimes, you already have most of the ingredients, but you have to do some improvising to make the thing sing. Until today, TechCrunch was in the latter camp. Top reporters who know how to get to the bottom of a story? Check. Must-read news […]

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Whatnot’s annual GMV hits $2B, introduces new rewards program

Whatnot, the livestream marketplace platform for trading card collectors and sneakerheads alike, announced on Wednesday that its annual gross merchandise volume (GMV) surpassed $2 billion this year.  The GMV milestone comes on the heels of its recent product launch: Rewards Club, a customizable loyalty program where sellers can create their own rewards for buyers to […]

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TuSimple founder Xiaodi Hou is back with a new autonomous truck startup

Two years ago, Xiaodi Hou was ousted from his position as CEO of TuSimple, an autonomous trucking startup he co-founded that has since shut down U.S. operations and delisted from the stock exchange — and, in an odd twist, the company has pivoted to AI animation and gaming in China.  Now Hou is back with […]

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Toyota pours another $500M into electric air taxi startup Joby Aviation

Toyota is doubling down on Joby Aviation with a $500 million investment into the California-based company that’s developing electric air taxis. Toyota’s total investment in Joby, which includes a $394 million capital injection back in 2020, is now $894 million. The funds will be used to help Joby complete the lengthy Type 2 certification process […]

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Meat replacement startup Heura has a new mission to slay junk food with healthier plant-based swaps

The offices of plant-based protein startup Heura are tucked away down a narrow street a short distance from one of Barcelona’s main tourist draws. But the team of entrepreneurs and food scientists won’t be remixing their protein cocktails in close proximity to La Sagrada Família for much longer — they’re moving to new, larger digs […]

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EU’s DSA enforcers send more questions to Snapchat, TikTok and YouTube about AI risks

On Wednesday the European Union requested more information from Snapchat, TikTok and YouTube about their respective content recommendation algorithms under the bloc’s online governance rulebook, the Digital Services Act (DSA). In a press release the Commission said it’s sent requests for information (RFI) to the three social media platforms asking them for more details about […]

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Motier Ventures unveils La Maison, a community space for the French tech ecosystem

On Tuesday evening local time, Motier Ventures, an early stage tech investment firm based in Paris, unveiled a startup hub called La Maison. This relatively new investor in the French tech ecosystem is the family office of the Houzé family — the owners of upmarket fashion retailer the Galeries Lafayette Group. As the Galeries Lafayette […]

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