Month: March 2023

A consortium led by Lifelong Group has acquired the distressed firm GoMechanic months after the Sequoia India-backed startup admitted “grave errors” in financial reporting. Lifelong Group, which serves several major players in the automotive industry including Hero and General Motors, said it won the bidding to acquire GoMechanic, whose investors scrambled for a sale earlier
0 Comments
The pandemic brought with it a spike in work-from-home and hybrid work, which increased peoples’ dependence on personal devices — driving businesses to try and rein in their use. It’s been a particular challenge for the financial services industry, which has comparatively strict governance and compliance requirements. In September, the U.S. Securities and Exchange Commission
0 Comments
FinTech Partners founder, CEO and Managing Partner Steve McLaughlin joins Ed Ludlow and Caroline Hyde to discuss the impact of the Silicon Valley Bank fallout on the FinTech space. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:
0 Comments
Yesterday, the ride-sharing company Lyft said its two co-founders, John Zimmer and Logan Green, are stepping down from managing the company’s day-to-day operations, though they are retaining their board seats. According to a related regulatory filing, they actually need to hang around as “service providers” to receive their original equity award agreements. (If Lyft is sold
0 Comments
Apple TV+ is getting a new limited series, the company announced yesterday, that is based on a deep-cover investigator who infiltrates online hate groups to monitor and prevent violent attacks and mass shootings. “The Savant” will have eight episodes and stars Jessica Chastain. The show is inspired by the true story published in 2019 by
0 Comments
As a part of its continued quest to inject generative AI into all its products, Microsoft today introduced Security Copilot, a new tool that aims to “summarize” and “make sense” of threat intelligence. In a light-on-the-details announcement, Microsoft pitched Security Copilot as a way to correlate data on attacks while prioritizing security incidents. Countless tools
0 Comments
Microsoft is the latest tech giant to be caught in the cross-hairs of Germany’s antitrust authority. The Federal Cartel Office (FCO), aka the Bundeskartellamt, has announced it’s opened a proceeding to determine whether special abuse measures can be applied to the company’s business in Germany — citing Microsoft’s extensive digital ecosystem which it noted cuts across
0 Comments
Google can add another antitrust investigation to its stack. This one has been opened by Spain’s competition authority, the CNMC, which said today it’s concerned about possible anti-competitive practices related to the licensing of news content by local publishers. In a press release it said it is investigating “a series of practices that could involve
0 Comments
Concrete. Ubiquitous. A mainstay of the construction industry — over 10 billion cubic meters of concrete are used every year. And also responsible for up to 8% of CO2 emissions — one ton of ordinary Portland cement creates somewhere between 800 and 900 kilograms of CO2 emissions. Finnish startup Carbonaide has just raised €1.8 million (~$1.9
0 Comments
It’s 2023, and we’re years past the peak of monster fundraising for on-demand transportation and delivery startups locked in highly competitive races with each other to dominate urban consumer mobility. But with many of the biggest and most tenacious players still in the market, those rounds have not disappeared altogether. Today, Cabify — the Madrid-based platform
0 Comments
Palo Alto Networks Senior Vice President for Unit 42 Wendi Whitmore joins Caroline Hyde and Ed Ludlow to discuss ChatGPT’s latest bugs and the cybersecurity concerns surrounding OpenAI’s product. Plus, a look at cybersecurity trends from Palo Alto Network’s latest report. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest
0 Comments
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. Happy Monday Crunch, our Crunch-a-licious friends! Our favorite part of Lorenzo’s excellent piece on how the feds busted a cybercrime forum: “​​In a spectacular snafu on the hacker’s part . . .
0 Comments