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Venture capital funding continued its slump through the end of 2022, and there aren’t any real signs things are going to pick back up for a while. That means more doom and gloom ahead for startups looking to fundraise. Many startups that tried to avoid raising a regular round in 2022 — or turned to
Jeremy Abelson Contributor More posts by this contributor Investors are sitting on mountains of cash: Where will it be deployed? What am I worth now? Jacob Sonnenberg Contributor Jacob Sonnenberg is a portfolio manager at Irving Investors and runs Irving’s Technology and Consumer Crossover Fund. More posts by this contributor Investors are sitting on mountains
What is going to happen to the 15,000 colorful electric scooters that currently spill across the streets of Paris? On March 23rd, their fate could drastically change as the French capital weighs up whether or not to renew licenses for the three scooter companies currently operating in the city. And this isn’t just going to
TikTok is making it easier for brands to work with its “megastar” creators with an update to its Creator Marketplace that now invites talent managers to oversee, execute and analyze the brand opportunities and campaigns being presented to their clients. This week, the video entertainment platform introduced a new Talent Manager Portal as a part
Life has been pretty brutal in hospitality over the past couple of years, but that hasn’t stopped Mint House from bubbling to the top with a series of tech-forward apartments. Under the slogan of “The comfort of home. The luxury of a hotel. Tech-enabled and tailored to you,” the company is trying to make being
Africa seemed to defy the global venture funding decline in the first half of 2022 after its startups raised $3 billion, double the amount secured over a similar period the previous year. However, the VC market correction caught up with the continent in the back half of last year, when ticket sizes fell and fewer
With our mysterious, unsustainable and psychological attachment to pets, combined with a boom in pet ownership since those lonely pandemic times, veterinary practices have come under increasing pressure. Pet ownership has increased (56 to 70% U.S. household penetration in the last 35 years). But, there are not enough vets. To meet demand, a vet currently
Are you thinking about getting a mechanical keyboard and asked a friend which one to get? Chances are, they said: get a Keychron. It’s basically a meme at this point. After making its name with affordable mechanical keyboards (with a bit of a focus for Mac users) — the company now has something on offer
DirecTV plans to lay off approximately 10% of its management staff, a spokesperson confirmed to TechCrunch. The layoffs will be in effect next Friday, January 20. The staff reduction comes as DirecTV, among other pay-TV companies, grapple with the continuous loss of consumers moving away from linear television and shifting over to streaming. DirecTV no
Field-programmable gate arrays (FPGA), or integrated circuits sold off-the-shelf, are a hot topic in tech. Because they’re relatively affordable and can be programmed for a range of use cases, they’ve caught on particularly in the AI and machine learning space where they’ve been used to accelerate the training of AI systems. The global FPGA market
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello, dear readers! We’re back once again (like a renegade master) with a wall of great tech news stories. Plug in some headphones and bop your head to that song while you
TikTok is the latest tech giant to be schooled by France’s data protection watchdog for breaking rules on cookie consent. The €5 million penalty announced today by the CNIL relates to a cookie-consent flow TikTok had used on its website (tiktok.com) until early last year — in which the regulator found it was not as
It’s a strange week. Strange and strangely familiar. You stay at the same hotel in a nearly identical room to the one you stayed in for the last 10 years or so. You see friends and colleagues you’ve not seen in a while. Everyone is three years older and a bit worse for wear. A
There’s still nothing quite like thumbing the pages of a real-life print magazine, but the latest evolution of E Ink’s color tech is creeping tantalizingly close — at least as far as my eyes are concerned. You’ve heard it all before: A lifetime of staring at screens has worn out my eyes, leading me down
Alphabet CEO Sundar Pichai discusses his company’s $2 trillion valuation and how the tech giant will gain its next trillion. He also talks about the flexibility of Google’s Return-to-Office policy. He speaks with Emily Chang on “Bloomberg Studio 1.0.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes
Emerging markets tend to go in and out of vogue. First, Austin was the next biggest thing, then Atlanta and, more recently, Miami. Pittsburgh has yet to have its moment, but all the signs are there that it could be next. Having local expertise in the category every VC wants to invest in right now
Product folks and engineers know what they are doing, and by and large, they — and the companies they work for — have a disproportionate amount of power about how the world is shaped. Over a 13-week course called Logic School (delivered free, with support from the Omidyar Network), the school aims to teach tech
Elon Musk should take note of a recent major privacy fine for Meta before forging ahead with any plan to force behavioral ads on Twitter users in the European Union. To wit: In remarks today, following the publication of two final decisions against Meta by EU privacy regulators applying the EU’s General Data Protection Regulation (GDPR)
It’s only been a few days since CES closed its doors, but there are still plenty of new gadgets to be had. Some companies, after all, would rather not launch their products into the noise that is the world’s largest consumer electronics show. Seattle-based Wyze is one of these. The company made its name by
HBO Max is raising the price of its ad-free monthly subscription in the U.S. from $14.99 to $15.99 plus applicable taxes, effective immediately for new subscribers. The change marks the first time that HBO Max has increased the price of its service since launching in May 2020. “Existing subscribers who are currently paying $14.99/month will
Stripe, a richly valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. It is now valued, internally, at $63 billion. The cut, first reported by The Information, puts Stripe’s internal per-share price at $24.71, down 40% since peaking. The 11% cut comes after an internal valuation cut
Africa, bucking global trends, raised more VC dollars in 2022 than 2021. But its unicorn list stayed stagnant Tage Kene-Okafor 8 hours The African tech scene was met with fanfare in 2021: Venture capital investments in the region totaled between $4 billion and $5 billion and produced five unicorns. In my piece detailing this progress,
There’s long existed a divide in the world of computer hacking between those who are taking a malicious approach to crack a system, and those who are using the same techniques to understand the system’s vulnerabilities, help fix them and at the same time fight against the malicious actors. Today, Hack The Box, one of
After years of denials and loathing, Apple may finally be getting around to bringing touchscreens to MacBooks. According to Bloomberg, Apple is actively working on this project and may break away from its long-standing approach of designing a traditional desktop system without a touchscreen. Apple could launch MacBooks with touchscreens by 2025 as a part
Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates storytelling platforms (web novels and webtoons), music streaming, K-pop artists management, and other media (movie
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello from a very rain-drenched, the Cure-themed, semi-goth-and-sad Silicon Valley (Haje) and a lovely, sunny and warm day (Christine). It’s hard to imagine one from the other, and so here we are,
Launch startup ABL Space Systems’ first orbital launch attempt ended in failure Tuesday after all nine engines on the RS1 rocket’s first stage shut down simultaneously. The rocket subsequently hit the launch pad and was destroyed on impact. The rocket took off from the Pacific Spaceport Complex on Alaska’s Kodiak Island at around 6:27 PM
The Inflation Reduction Act has clearly kickstarted investment in U.S. clean energy manufacturing. Last year, automakers and battery manufacturers announced that they’d spend tens of billions of dollars to ramp up EV production in the U.S. Now it’s solar’s turn. Today, Korean solar manufacturer Hanwha Qcells announced that it’ll spend $2.5 billion to build a
Privacy watchers keen to dig into the regulatory reasoning underpinning two major decisions against Meta earlier this month — which struck down Facebook and Instagram’s claim of contractual necessity as a valid legal basis to run behavioral advertising on users in the European Union — can now sift through the detail after the complainant, privacy
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