Wednesday, January 29, 2025

European embedded banking startup Swan adds another $44 million to its Series B

French startup Swan has raised another €42 million (around $44 million at current exchange rates). The company considers this round as the second part of the Series B round that was originally announced in September 2024. Swan helps other companies offer financial products at scale. The company can generate both virtual and physical cards that […]

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SoftBank in talks to invest as much as $25B in OpenAI, report says

SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40 billion on AI initiatives with the Microsoft-backed startup, according to Financial Times. The potential investment would make SoftBank OpenAI’s largest single backer, the report said, surpassing Microsoft, […]

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Meta says end of fact-checking hasn’t impacted ad spend

Meta says its controversial decision to put an end to its fact-checking program hasn’t impacted advertiser spend. On its Q4 2024 call, Meta CFO Susan Li assured investors that advertiser demand remains strong and the company’s commitment to brand safety remains unchanged, despite the new measures. Meanwhile, CEO Mark Zuckerberg noted that the community notes […]

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LinkedIn passes $2B in premium revenues in 12 months, with overall revenues up 9% on the year

LinkedIn, the social platform where people look for and talk about work, may be less visible in Microsoft’s earnings compared to the years when it was an independent company. But around earnings time, LinkedIn often reveals some figures that point to how it continues to grow.  On Wednesday, as Microsoft reported its Q2 numbers, the […]

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Elon Musk claims Tesla will launch a self-driving service in Austin in June

Tesla CEO Elon Musk said Wednesday that his company will launch a paid ride-hailing robotaxi service in Austin, Texas this coming June, the latest in a long line of sky-high promises he has yet to meet about autonomy. Musk was unsurprisingly light on details. He said that there will be no people in the cars, […]

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Threads adds another 20M monthly users since December, reaching 320M

Threads, Meta’s microblogging service, is growing at a fast pace as users gravitate to the app over rivals like X. During the company’s fourth-quarter earnings presentation on Wednesday, CEO Mark Zuckerberg revealed that Threads now has 320 million monthly active users (MAUs), up from 300 million last month. The app had 275 million monthly active […]

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Health insurance startup Alan keeps growing at a rapid pace

With its 700,000 customers, Alan could be considered as a mature company. But the health insurance company that wants to become a digital companion for your health is still growing like a startup. On Wednesday, the company shared some financial metrics. The most impressive one is its top-line revenue. In 2024, the company generated €505 […]

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Netflix adds a convenient feature for iOS users to download an entire TV season at once

Netflix announced on Wednesday that it’s giving iOS users a new feature that allows them to download an entire season of their favorite TV show with one tap. The feature first became available to Android users.  The Season Download button is available in the Netflix app, located next to the Share button on a show’s […]

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Ireland and Italy send data watchdog requests to DeepSeek: ‘The data of millions of Italians is at risk’

The jury is still out on whether the Chinese AI upstart DeepSeek is a game changer or part of an elaborate plan by its hedge fund parent company to short Nvidia and other tech stocks. Whichever it might be (maybe both?), DeepSeek and its large language model have made some major waves. And now, it’s […]

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Resolution Games announces Battlemarked, an upcoming VR Dungeons & Dragons game

Last year, Wizards of the Coast and Resolution Games announced an exciting development: Dungeons & Dragons (D&D), the popular tabletop role-playing game (RPG), is being adapted for virtual reality.  Until now, specific details about the new game have been kept closely under wraps. However, on Wednesday, the companies finally unveiled the official title and more […]

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UVeye racks up another $191 million for its vision-based ‘MRI for cars’

UVeye started as a play to scan cars for security threats, but the Israeli startup really hit its stride when its founders realized the AI-powered computer vision systems could perform more typical vehicle inspections. Now, the company is evolving its funding strategy. UVeye announced Wednesday morning a $191 million extension to its 2023 Series D […]

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Shared scooter startup Voi reports its first profitable year as it explores an IPO

Swedish shared micromobility giant Voi had its first profitable year in 2024, according to preliminary unaudited results the company shared exclusively with TechCrunch.  Voi, which offers shared e-scooters and e-bikes across more than 100 markets in Europe, recorded €132.8 million ($138 million) in net revenue in 2024. On an adjusted basis, Voi earned €17.2 million […]

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