Month: June 2022

Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices. But let’s start with some good news: your children can get vaccinated against COVID-19! Back to the bad news: we’re writing another weekly layoffs column, because once again, there’s been
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To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. There we go, today it’s Friday! We’re planning to spend some quality time with a headset and a collection of amazing TechCrunch podcasts — here’s our roundup of this week’s episodes, enthusiastically
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Huobi Thailand will shut down its exchange permanently on July 1, according to an announcement posted on its website. This marks the exchange’s short-lived ambition in the Southeast Asian country where crypto adoption is flourishing. According to blockchain analysis company Chainalysis, Thailand has one of the world’s highest adoption rates of DeFi, or decentralized financial
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Notarize, a startup that offers remote online notarization services, has let go of 110 people – or 25% of its workforce. Doing the math, the seven-year-old, Boston-based company had about 440 employees before the staff reduction. When the COVID-19 pandemic first began, demand for Notarize’s services, dubbed RON for short, skyrocketed as people were confined
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Kenya-based Crossboundary Energy Access (CBEA), a mini-grid infrastructure fund, has raised $25 million from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund to back renewable energy projects across the continent. The CBEA, a subsidiary of the investment group Crossboundary, said in a statement that the new funding will unlock an
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Arian Simone sat poised center stage at the Embrace Action Summit to share words that many entrepreneurs in the audience understood far too well. “Women of color are the most founded, entrepreneurial demographic,” she said at the biannual business conference hosted by the Tory Burch Foundation. “They are just the least funded.” Simone is the co-founder
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It’s difficult to build high-growth clean tech companies using venture capital: Despoiling the planet has a much higher return on investment than saving it. Twenty years ago, there were high hopes for companies aiming to mitigate environmental impacts, but an extended recession, China’s dominance over solar power manufacturing and low natural gas prices were just
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Shared micromobility giant Lime is piloting electric motorbikes in Long Beach, California. Lime has been teasing a new form factor to cater to use cases outside of scooters and bikes for a while, so it’s no surprise to see the company test out a vehicle that’s sturdy and comfortable like a bike but easy to
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Biotech startup Meta Pharmaceuticals sets itself an ambitious goal as it secures its initial investment. The Shenzhen-based company, which sets out to develop treatments for autoimmune diseases with the help of artificial intelligence, has raised $15 million from its seed and pre-A rounds. There is no lack of investor interest in companies applying machine learning
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Apple introduced some amazing updates across iOS, iPadOS, watchOS, and macOS at the worldwide developer conference (WWDC) last week. The company announced a few new features never seen before on iOS like Stage Manager for better multitasking and Safety Check to get away from abusers. But there are others that Apple simply Sherlocked — the
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