The U.S. Federal Reserve raised the price of money once again yesterday. Investors expected the move, but shares dove after the Fed declined to tell investors that it intends to slow the pace at which it raises interest rates in the future, as some had hoped. While shares of many U.S. companies fell in the
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Bruvi‘s B-pods take a novel approach that (probably correctly) assumes consumers are too lazy to return their aluminium pods to the manufacturer (looking at you, Nespresso), and too clumsy to do the pre-processing needed to properly dispose of other pods. So the company instead assumes that the pods go to a landfill, and designed them
New Zealand-based StretchSense, a maker of hand motion capture technology, believes virtual and augmented reality are going to replace the smartphone as the dominant way we interact with digital worlds and each other. And when that happens, we’ll need natural ways be immersed in those spaces, which means being able to touch and control virtual
It’s been around for a hot minute, but Darkroom just got a pretty major update that makes it a lot more interesting for photo enthusiasts who don’t want, or can’t afford, to use more specialist tools. The fast and intuitive photo editor gives you access to your photo library, essentially giving you a Lightroom-like experience
Today’s a big day for Netflix as it’s now launching its new ad-supported plan, “Basic with Ads,” to subscribers in the U.S., the U.K., France, Germany, Italy, Australia, Japan, Korea and Brazil. The launch comes two days after Netflix rolled out the cheaper tier to its debut markets, Canada and Mexico. The streamer will now
Bloomberg’s Sonali Basak joins Emily Chang to discuss how Elon Musk could impact Twitter’s crypto ambitions and why Dogecoin is soaring. ——– 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 Emily Chang here: Get the latest in tech from Silicon Valley and around the
Meet Fintecture, a French startup that wants to upgrade B2B payments. While many payment companies have focused on B2C payments with Stripe leading the way, B2B payments haven’t changed much over the years. “In the U.S., there are still a lot of paper checks. In Europe, it’s mostly transfers and manual reconciliation,” Fintecture co-founder and
We are living in the era of so-called microsatellites, which are equipped with thermal cameras and other regalia to, for instance, alert farmers before crops are damaged, predict droughts, and aid in the juggling of supply chains. Climate change is making less land available for agricultural food production, leading to strict regulations on the use
Chris Sacca’s Lowercarbon is doubling down on a startup that is racing to bring solar modules to rooftops in India. SolarSquare said on Thursday it has raised $13 million in a Series A funding round led by Lowercarbon and Elevation Capital, just months after securing its seed financing. Existing backers Good Capital, Rainmatter, Better Capital
Lugano, Switzerland-based venture capital fund Privilège Ventures just launched its fourth fund. The CHF 20 million (just over $20 million) fund is earmarked for women-led early-stage startups across Europe. “We don’t just want to support women,” Jacqueline Ruedin Rüsch, founding general partner at Privilège Ventures said in an interview with TechCrunch. “The data shows women
Sony is launching its second-generation virtual reality headset for PlayStation on February 22, 2023 (exactly a year after its initial reveal, by the way). The PS VR2 will cost $549.99, which includes the headset and controllers, as well as stereo headphones. The PS VR2 headset will open for preorders exclusively through the PlayStation store on
“The Last of Us,” HBO’s upcoming original series, gets an official release date of January 15, 2023, WarnerMedia announced today. Based on the popular video game, the series will make its debut on HBO at 9:00 p.m. ET and then stream in 4K on HBO Max. It appears HBO Max is looking to compete with
The venture capital industry is built on signals. Lead investors help close rounds, pro rata rights show promise of a company, and the partner title gives validity to folks within firms looking to close deals. Revere, a new bet being built by former AngelList executive Eric Woo and family office operator Chris Shen, is playing
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. Hellooooo, guess what? It’s November! We guess it was actually November yesterday, too, but we failed to notice, because LOL what even is time, amirite. Anyway, put away your Halloween costumes and
When Berlin-based Y42 launched in 2020, its focus was mostly on orchestrating data pipelines for business intelligence. That mission has expanded quite a bit over the course of the last couple of years and today, Y42 announced the launch of what it calls its “Modern DataOps Cloud.” Built on top of data warehousing service Snowflake
There are countless big problems left to solve in the world of automation, and robotic learning sits somewhere near the top. While it’s true that humans have gotten pretty good at programming systems for specific tasks, there’s a big, open-ended question of: and then what? New research demonstrated at Google’s AI event in New York
As advertisers pull back on spending and supply chain disruptions persist, investors have braced themselves for an unpleasant quarter for Roku. And investors are probably right to be worried. Roku released its fiscal third-quarter earnings results on Wednesday, revealing that it is still experiencing slow growth in active accounts and revenue in a continuously challenging
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: How can early-stage startups
After working at NASA as a rover roboticist, Khawaja Shams underwent something of a career pivot, joining AWS to team up with engineer Daniela Miao on DynamoDB, a fully managed NoSQL database service. Not content to stop there, Shams and Miao left AWS to co-found Momento, a Seattle-based startup that’s today emerging from stealth with
At an AI-focused press event today in New York, Google announced that it’s bringing its AI-powered wildfire detection system to the U.S. Canada, Mexico and parts of Australia. It’s one of several “AI for good” efforts the company detailed this morning, which also included Google’s efforts to expand flood forecasting to more regions around the
Workflow automation may not be what gets you out of bed every morning, but it has long been a hot topic in the world of enterprise software. There are few businesses, after all, that don’t have dozens and dozens of repetitive workflows that are currently done manually that could be automated. Munich-based Flowers Software, which
Affordability is fairly malleable concept when it comes to consumer drones. We’ve seen plenty of systems positioned as affordable – or even cheap – over the years, but lowering the price point generally comes with its share of tradeoffs. It’s something DJI itself has flirted with a bit itself, with some more basic and entry-level
Some three years after first introducing a curated news section for publishers, Meta has confirmed that it’s ditching the humans and leaning entirely on algorithms for Facebook News in all markets where it’s available. Meta, then known simply as Facebook, introduced Facebook News back in 2019, kicking off initially to a small subset of users
MikMak Founder Rachel Tipograph spoke with Emily Chang on Amazon’s third quarter earnings. ——– 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 Emily Chang here: Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology Connect with us on… Twitter:
Microsoft has backed Wemade, a popular video game developer that has made aggressive bets on blockchain in recent years, the latest sign of tech giants’ showing growing interest in web3. South Korea’s Wemade said in a press release that it has raised $46 million from Microsoft, Shinhan Asset Management and Kiwoom Securities. In a regulatory
Lyubov Guk Contributor Lyubov Guk is a founding partner at Blue Lake VC. She supports early-stage international founders working in the U.K. Robyn Klingler-Vidra Contributor Robyn Klingler-Vidra is associate dean of global engagement and associate professor in entrepreneurship and sustainability at King’s Business School. Juanita Gonzalez-Uribe Contributor All three of us are immigrants to the
A prolific investor in climate-tech companies in Canada is back with a second fund for “low-carbon technologies” — only this time the firm plans to pump less money into the scene, over a longer period of time. The Business Development Bank of Canada (BDC) came out with a new, $400 million climate-tech fund on Wednesday,
Volocopter, a German startup building electric vertical takeoff and landing (eVTOL) vehicles, has secured $182 million for the second signing of its Series E round. That’s on top of the $170 million Volocopter raised for the same round in March at a $1.87 billion post-money valuation. Volocopter is currently in full swing testing its two-seater
Ralph Lauren, a storied brand known for its preppy, traditionally East Coast designs, is not exactly the first retailer that might come to mind when one thinks of tech or the metaverse. Perhaps then, that is why the company decided to shake things up and foray into the virtual world, announcing yesterday a partnership with
Earlier today, The Exchange dug into changing investor sentiment regarding growth and profitability. A new report looking at cloud and software companies from Battery Ventures ran the math on how investors are rewarding faster growth from less unprofitable companies — dare we say, profitable companies? — with the data indicating that, at least for now,