Economic headwinds have scattered many of the gains that fintech companies made during the tech funding boom of 2021. Case in point — global payment platforms Stripe and Checkout.com lowered their internal valuations. Still, it would be unwise to count out the opportunities for fintech growth, especially in the U.S. Understanding the current and future
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IFA technically kicks off today in Berlin, but it seems like Lenovo may have won the thing outright. I’ve given the company plenty of credit in the past for its willingness to try new things in this oft-staid world of consumer electronics, and it’s really come out of the gates swinging. Much of its IFA
Cruise, the self-driving subsidiary of General Motors, has raised over $15 billion, employs more than 3,000 people and expanded its footprint across multiple cities within the U.S. It even has a presence in Dubai. What does it take to build and scale such complex technology? We’re looking forward to discussing that and more with Kyle
Summer 2023 has been the hottest one on record since 1880, but while early-stage founders were sweating over the order of the slides in their pitch decks, the investors they hoped to connect with were playing pickleball in Jackson Hole or relaxing poolside with cocktails in Palm Springs. August is one of the slowest months
Cybersecurity giant Malwarebytes this week laid off 100 employees as it prepares for a major restructuring that will see the business split into two, TechCrunch has learned. The layoffs come almost exactly a year after Malwarebytes eliminated 14% of its global workforce. A former employee who asked not to be named told TechCrunch that the layoffs
Manhattan federal prosecutors and the Securities and Exchange Commission are separately investigating the use of Tesla funds to bankroll a secret project that is described internally as a glass house for CEO Elon Musk, according to a report from the Wall Street Journal that cites people familiar with the matter. WSJ reported in July that
Gmail’s new AI companion will be able to help you draft and customize your emails, Google announced as part of this week’s news from its Google Cloud Next ’23 event. The company had shared a number of updates about its AI-powered companion, Duet AI, which is becoming generally available for Workspace users, aiding them with
General Motors has found a new way to get in on the generative AI buzz. The automaker is now using Google Cloud’s conversational chatbot, dubbed Dialogflow, to handle some non-emergency OnStar features. GM announced the collaboration alongside a keynote from Alphabet CEO Sundar Pichai at the Google Cloud Next 23 event Tuesday. OnStar, GM’s in-car
Mom’s Meals, a meal delivery service for people with chronic health conditions, has confirmed a data breach affecting more than 1.2 million individuals. In a data breach notice filed this week with Maine’s attorney general, Mom’s Meals parent company PurFoods confirmed that the meal delivery service experienced a cyberattack between January 16 and February 22.
The majority of Vietnam’s population live in rural areas and often lack access to financial services because banks and other institutions open most of their physical locations in cities. MFast wants to change that with what it says is the leading financial services distribution network in Vietnam. The company announced today it has raised $6
Google Flights today is releasing a new feature that will help travelers better determine the right time to book. Rolling out this week, the company is debuting new insights that will leverage historical trend data that lets consumers see when prices have typically been lowest to their chosen destination on their selected dates. The addition
Chinese electric vehicle upstart Xpeng is acquiring the smart EV assets of Didi, China’s ride hailing giant, marking another significant alliance that the Tesla challenge has struck in recent months. In an announcement on Monday, Didi said the duo is forming a strategic partnership to “promote the global application of smart electric vehicles and technologies.”
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. Better.com finally went public last week, and the stock’s performance was worse than expected. Affirm, on the other hand, saw its shares get a boost on the back of a better-than-expected earnings report. There was also a
Hello, folks, and welcome to Week in Review (WiR), TechCrunch’s regular newsletter that covers the biggest happenings in tech over the past few days. Haven’t been able to follow the news closely? Don’t sweat it. WiR will get you up to speed. In this edition of WiR, we cover Microsoft bringing Python to Excel, Cruise
Listen here or wherever you get your podcasts. Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Welcome to an old-school Equity tradition: the bonus show! Despite getting through our regular episodes this week, we have one more for you. Why the extra
Memes can happen in the blink of an eye, like a Jeopardy! contestant who accidentally makes a sexual innuendo under the pressure of stage lights, or a kid who randomly gets interviewed on a playground and professes his undying love for America’s most plentiful crop, corn. But as soon as we knew former President Donald
Listen here or wherever you get your podcasts. Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday show, and we’re talking about the week’s biggest startup and tech news. This week, Mary Ann and Alex were joined by Kirsten Korosec, who
Reddit is launching the “Mod Helper Program” to reward moderators who offer helpful advice to other moderators, along with an updated moderator help center. The announcement comes amid growing discontent among the site’s moderators, many of whom relied on third-party apps that have since been shut down because of Reddit’s API pricing. Moderators have asked
The hype around fusion power is real. Researchers at the National Ignition Facility achieved net-positive controlled nuclear fusion in December 2022, a milestone that’s been decades in the making. Then, earlier this month, they did it again, proving that it wasn’t just a fluke. But that’s not the only thing reshaping the industry. Once the
The rate of dementia is expected to double every 20 years, but many tools for early detection, like MRI scans, are difficult for patients to access. Neurowyzr wants to help more people get brain healthcare through tools like its online Digital Brain Function Screen (DBFS). The startup, which has offices in Singapore and India, announced
JLR has found a use for its second-life Jaguar I-Pace batteries. The automaker, formerly known as Jaguar Land Rover, is working with Wykes Engineering, a manufacturer of renewable energy products, to develop one of the largest energy storage systems in the UK to harness solar and wind power using old I-Pace batteries. JLR’s announcement is
MrBeast stumbled into the heated discourse of global affairs in his latest stunt. The billionaire creator inadvertently stoked generations of geopolitical tension in his latest YouTube video, in which participants from “every country on Earth” competed in “Squid Game”-like elimination challenges for a chance to win $250,000. “Behind me is one person from every country
Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according to report from Reuters. Tuesday’s announcement signals the first time Northvolt has shared concrete plans to build in North America. If Northvolt builds in the U.S.,
Arm, the U.K.-based chipmaker owned by Japan’s SoftBank since 2016, has filed for a Nasdaq listing under the ticker symbol “ARM,” five months after announcing it had filed confidential, preliminary IPO paperwork with U.S. regulators. The outfit didn’t provide a projected share price in its F-1 paperwork, but SoftBank recently bought the 24.99% stake in
As businesses brace for a slowing global economy, they are seeking avenues to streamline budgets, including trimming their SaaS expenses. Sales tech, in particular, is known for being fragmented with an array of highly specialized solutions. That’s why Yi Shi started FlashIntel with an ambitious goal: offer an all-in-one sales platform to consolidate the sales
Welcome, friends, to Week in Review (WiR), TechCrunch’s regular newsletter covering the major events in tech over the past few days. Haven’t had your eyes glued to the headlines? Not to worry. That’s our job, and we’ve compiled them in the nifty little digest that is WiR. In this week’s edition of WiR, we cover
Earlier this week, the New York Times shone a light on some of the desperation that founders are experiencing as they try and fail to secure compute power for their nascent artificial intelligence startups, thanks to the big companies (and even rich nations) racing to snatch them up. One founder reportedly said of the graphics
The seminal 1987 horror film “Zepotha” is back on TikTok. Reaction videos to the film’s gory forest scenes dominate user feeds. TikTok users are digging through their parents’ wardrobes to recreate the vintage outfits from the movie. Fanart of the characters and convoluted theories about the movie’s ambiguous ending keep going viral. The tag #Zepotha
The Inflation Reduction Act, signed into law by President Joe Biden in August 2022, has allocated $400 billion in federal dollars for clean energy projects as the United States aims for up to a 40% reduction in economy-wide greenhouse gas emissions by 2030. And even startups are beginning to benefit. Private investment into climate tech
Tech nonprofit Garbo announced today it’s ending its formal partnership with Match Group, the dating app giant behind Tinder, Plenty of Fish, Match and other apps. The two companies first teamed up in 2021, when Match made a seven-figure investment in the background check provider, following a series of reports about harm that came to
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