OnePlus co-founder Carl Pei’s new company Nothing will not be bringing its first phone — the phone (1) — to the US. The firm said that at the moment “a limited number of our private community investors in the US” will get the device through a closed beta program. The development comes a day after
Month: June 2022
Today, IKEA is launching a new AI-driven interactive design experience called IKEA Kreativ for IKEA.com and the IKEA app. With the new feature, U.S. customers can design and visualize their own living spaces with digitalized furniture on their smartphones instead of traveling to the brick-and-mortar store where they are likely to be distracted by the
If SoftBank investors were already feeling shaken by the conglomerate’s poor performance this year, a news release out of the company tonight isn’t exactly going to assuage their concerns. The big news? French businessman Michel Combes, who was appointed as CEO of SoftBank Group International in January after longtime SoftBank lieutenant Marcelo Claure left the
While Africa’s health systems are still reeling from the effects of the COVID pandemic, the adoption of digital health services has been revved in some countries. Telemedicine, the standout offering, witnessed massive adoption during the pandemic, and in the last five years, no other service has been launched more by healthtech startups. However, a particular
Accel, the 39-year-old venture firm, just pulled a major power move. It announced, via a simple blog post, that it has just closed a new, global, late-stage fund with $4 billion in capital commitments. The fund, which closed last week, would be notable in any market. It’s a lot of money. But at a moment
As Activision Blizzard faces numerous sexual harassment lawsuits and investigations, employee activists have rallied to get a seat on the company board to represent the voice of the staff. Despite major victories, like testers of Raven Software QA, an Activision division, winning the first union election at a major U.S. gaming company, shareholders quashed the
Over a year after its initial launch in the U.S., streaming service Paramount+ will be available in the U.K. and Ireland on Wednesday, June 22. Its international slate of seven new titles was announced on Monday, including its plans for 150 international originals by 2025. The global expansion of the streaming service was first announced
API-first companies are on the rise, not just in fintech but also in sectors like healthcare. This diversification is boosted by the fact that employees who have earned their chops on banking APIs are now applying their skills to other problems. Healthcare is one of the sectors that could benefit from API solutions. While there
MicroStrategy Chairman and CEO Michael Saylor joins Emily Chang to talk about his position on a potential Bitcoin loan, his view on Bitcoin and cryptocurrency volatility, and whether he expects Bitcoin to drop even further.
Sales and marketing has seen a huge boom in the last several years, fueled by developments in user experience and design, innovations around how companies can parse and leverage big data analytics to understand more about their target audiences and tech to connect with them effectively. That’s also led to a profusion of startups and
A Cloudflare outage on Tuesday knocked out numerous popular web services, including major crypto exchanges FTX, Bitfinex, and OKX, raising questions about the stability of centralized crypto platforms. The CEO of OKX, which saw $1.47 billion in trading volume in the past 24 hours, tweeted asking for “web3 alternative in the future” after the company’s
Saul Klein is a busy man. As co-founder, with his father Robin, of LocalGlobe, one of the longest-running VCs in Europe, he has overseen a wide range of initiatives – among other things the pair are passionate investors and philanthropists in LocalGlobe’s HQ’d area of Somers Town, London – as well as the more conventional
Vahak is not only an open marketplace for truckers, but it also provides drivers with services like healthcare and discounted fuel cards. The Bangalore-based company announced today it has raised a $14 million Series A. The round was led by Nexus Partners, with participation from Foundamental, iSeed Ventures, Leo Capital, RTP Global and Tital Capital.
The Wall Street Journal recently reported that Klarna, a European buy-now-pay-later (BNPL) provider, is considering raising capital at a valuation of around $15 billion. The new figure is both a dramatic decline from Klarna’s mid-2021 valuation of more than $45 billion, and the $30 billion figure it was reported to be targeting earlier this year.
In January, I got under the skin of LG Nova — electronics and appliances giant LG’s internal startup incubator — and its search for a different way of doing a corporate accelerator. Today, NOVA (short for North American Innovation Center) is announcing the twenty startups it selected as part of its Mission for the Future
May.19 — Cathie Wood, chief executive officer and chief investment officer at Ark Investment Management, explains why Ark cut its stake in Apple. She speaks with Bloomberg’s Carol Massar at The Bloomberg Businessweek event.
Rider is on a mission to provide online shoppers in Pakistan with “Amazon-like” next-day deliveries. The Karachi-based company announced it has raised $3.1 million in new funding from Y Combinatior, along with new investors i2i, Flexport, Soma Capital and Rebel Fund. Returning investors included GFC, Fatima Gobi and TPL E-ventures, along with Dropbox co-founder Arash
Iran’s relationship with the crypto mining sector is a love-hate one. The government is again restricting crypto mining activity as it tries to ease the strain on the country’s power supply, despite knowing the promise of crypto as a way to evade international sanctions. Electricity to all 118 government-authorized mining operators in Iran will be
Telegram has amassed over 700 million monthly active users and is rolling out a premium tier with additional features as the instant messaging platform pushes to monetize a portion of its large user base. The firm did not disclose how much it is charging for the premium tier, but the monthly subscription appears to be
It’s been a rough week for the crypto community as top tokens have seen massive selloffs, pushing some in the space to double down while leaving others to take stock off how the industry got to this point and what widely accepted truths need to be re-evaluated as the crypto internet matures. There haven’t been
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of
Thanks in no small part to the fossil-fueled cult of obstructionism, we’re on track to blow past the 1.5 degrees Celsius global-warming threshold laid out in the 2016 Paris Agreement. Without sweeping change, we can expect “more melting ice, higher sea levels, more heatwaves and other extreme weather,” per the World Meteorological Organization. And that’ll
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the
As several Apple stores across the country fight to unionize, workers in Towson, Maryland became the first to win formal recognition. Out of 110 eligible employees, the union received 65 yes votes and 33 no votes. This historic victory comes after concentrated efforts from Apple to discourage its retail workers from unionizing. Last month, the
Hi all! Welcome back to Week in Review, the newsletter where we recap the most read stories to cross TechCrunch over the last week. Our goal: If you’ve had a busy few days, you should be able to click into this on Saturday, give it a skim, and still have a pretty good idea of
Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox every Thursday by subscribing on TechCrunch’s newsletter page. crash redux We’ve talked crypto crashes a couple times already in the
Data centers, which drive the apps, websites, and services that billions of people use every day, can be hazardous places for the workers that build and maintain them. Workers sometimes have to service a data center’s electrical equipment while it’s being energized. And they can become exposed to chemicals like chlorine, which is used as
For years, startups addressing the recycling crisis labored in relative anonymity. But for those who have stuck with it — or survived the lean times — investors are now rewarding them with growing support, three founders told me this week at TC Sessions: Climate 2022 in Berkeley. “It’s been very hard to raise in the
Sequoia Capital Partner Michelle Bailhe joins Emily Chang to discuss the crypto winter and why it’s causing companies like Coinbase to cut back on staff. Plus, her advice to crypto founders: embrace reality.
It’s confirmed — Black entrepreneurs saw a dramatic decrease in funding this year as investors continue to pull back. So far, new Crunchbase data shows Black startups received $324 million in VC funds in the second quarter, a steep decrease from the $1.2 billion received in Q1 this year and substantially below the $866 million
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