Tuesday, October 22, 2024

India’s Paytm wins approval to resume payments growth

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Paytm, a leading Indian financial services firm, has received regulatory approval to resume adding new UPI payments users, following an eight-month restriction on many of its operations. UPI, which processes over 15 billion monthly transactions, dominates India’s online payments. Walmart-owned PhonePe and Google Pay process about 87% of UPI transactions, whereas Paytm’s market share has […]

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One Zero could be raising $100M

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Welcome to TechCrunch Fintech! This week we’re looking at One Zero potentially raising $100 million, Apple Pay expanding support for loan options, and another way Stripe is making crypto a big priority for its business. If you’d like to receive the Fintech newsletter in your inbox every Tuesday, sign up here! The big story One […]

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OpenAI hires its first chief economist

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OpenAI has hired its first chief economist: Aaron Chatterji, formerly the chief economist at the Commerce Department under President Joe Biden and a senior economist in President Barack Obama’s Council of Economic Advisers. Chatterji, who’s also a professor of business and public policy at Duke, will study AI’s economic impacts at OpenAI, leading research into how […]

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Farewell to Foursquare’s app

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“I would be lying if I didn’t admit that I have been in a real funk these last few days over this news,” writes Foursquare founder Dennis Crowley, speaking about the company’s plan to sunset the Foursquare City Guides app later this year in favor of focusing on its check-in app Swarm. The move reverses […]

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SEC fines four companies $7 million for ‘misleading cyber disclosures’ regarding SolarWinds hack

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The SEC concluded that four tech companies misled investors and minimized the damage they suffered from the SolarWinds supply chain hack.

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Researchers link Polyfill supply chain attack to huge network of copycat gambling sites

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A supply chain hack targeting 100,000 websites was launched to redirect internet users to a massive online gambling network.

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Thousands of creatives sign petition against AI data scraping

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What do the actor Kevin Bacon, the novelist Kazuo Ishiguro, the musician Robert Smith, and the journalist and historian Sidney Blumenthal have in common? They are among the 11,500 signatories of a petition against unlicensed use of creative works for AI training. “The unlicensed use of creative works for training generative AI is a major, […]

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Tim Cook’s other job

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In May, while unveiling the newest iPad at an Apple event, CEO Tim Cook wore a custom-made, one-of-a-kind pair of Nike sneakers whose decorative stitching included the words “Made on iPad.” It wasn’t just a collab between Apple and Nike. As Bloomberg reminds readers, Cook has been on Nike’s board since 2005, when Cook was […]

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Passionfroot is a marketplace for business-focused content creators looking for brand partnerships — and vice versa

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As the creator economy is growing rapidly, brand partnerships remain one of the prime ways creators can earn money. Other services like link-in-bio apps with affiliate links or Pateron-like subscriptions become secondary ways to increase creators’ income. For platforms and startup, the biggest challenge remains to match brands and creators for collaboration. Berlin-based startup Passionfroot is […]

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Meta suspends accounts tracking private jets of Elon Musk, Mark Zuckerberg, and other celebrities

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Instagram and Threads accounts that track the private jets of celebrities – including Mark Zuckerberg, Elon Musk, Kim Kardashian, Bill Gates, Jeff Bezos, and Kylie Jenner – were suspended on Monday, according to the owner of many such accounts, Florida college student, Jack Sweeney. Links to Instagram/Threads accounts tracking the flights of former President Donald […]

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TechCrunch Disrupt 2024 Side Events schedule: Mercury, Jetro, Enterprise Ireland, and more to host

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With TechCrunch Disrupt 2024 less than a week away, we’re thrilled to announce the complete list of companies behind the Side Events, set to amplify the excitement for thousands of attendees and Silicon Valley residents. From casual happy hours to insightful discussions and energizing morning runs, Disrupt Week — spanning October 26 to November 1 […]

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India’s Neysa bags $30M to compete with global AI hyperscalers

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India's Neysa has raised $30 million in a Series A round to bolster its AI infrastructure offering.

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TechCrunch Space: Inverted

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Hello, and welcome back to TechCrunch Space. We are insanely close to TechCrunch Disrupt — have you checked out the final agenda for the Space Stage yet!? Come hear the latest and greatest insights from top space entrepreneurs and investors. NB: If you’re wondering why last week’s TechCrunch Space didn’t include a single mention of […]

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Meta tests facial recognition for spotting ‘celeb-bait’ ads scams and easier account recovery

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Meta is expanding tests of facial recognition as an anti-scam measure to combat celebrity scam ads and more broadly, the Facebook owner announced Monday. Monika Bickert, Meta’s VP of content policy, wrote in a blog post that some of the tests aim to bolster its existing anti-scam measures, such as the automated scans (using machine […]

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Nevoya wants to break the EV truck adoption logjam

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Los Angeles is known for glitz, but there’s also a lot of grit in the air — literally. Thousands of containers are moved off and onto ships at the area’s two major ports every day, almost always transferred via pollution-spewing diesel trucks. This has made Los Angeles a hotbed for all kinds of new electric […]

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Tuesday, October 22, 2024

Monday, October 21, 2024