As generative AI proliferates, it’s beginning to reach the ads we hear on podcasts and the radio. Startup Adthos this week launched a platform that uses AI to generate scripts for audio ads — and even add voiceovers, sound effects and music. Customers can optionally go in and edit the ads using a browser-based, multi-track
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Lux Capital, known for investing in life science and frontier tech startups, is back in the market to fundraise for its latest vehicle — but this time without a dedicated late-stage entity. The firm is targeting over $1 billion for Lux Ventures VIII, according to meeting materials from the New Mexico State Investment Council (NM
Germany’s antitrust authority has today confirmed Apple meets its test for special abuse controls — having so-called “paramount significance for competition across markets”. The designation stands for five years. “The company holds a dominant, or at least powerful, position on all vertically related levels based on its smartphones, tablets and smart watches as well as
Savvy Games Group, a games and esports company that is part of the Saudi government’s Public Investment Fund, has agreed to acquire mobile games studio Scopely for $4.9 billion. Founded in 2011, Scopely is known for several popular mobile games including Yahtzee With Buddies, Star Trek Fleet Command, Marvel Strike Force, Stumble Guys and Scrabble
Today, Y Combinator’s latest startup cohort will kick off a two-day presentation cycle. The Exchange loves a demo day, so we keep an eye on accelerators as best we can. We recently covered the latest concerning YC’s rival group Techstars’ geographic footprint as well. As we wait for the first presentations to begin, this is
Y Combinator, the startup accelerator that has launched the likes of Instacart, Stripe and Airbnb, has broadened its investing lens in recent years, backing companies all over Africa and India, and beyond. As the tech downturn has continued, though, Y Combinator has shrunk its cohort size, stepped back from late-stage investing, and brought on a
Africa contributes less than 3% of the world’s energy-related carbon dioxide emissions but the continent will be one of the most impacted by the adverse effects of climate change. Some explanations for Africa’s vulnerability include poor diffusion of technologies and information relevant to supporting adaptation, usually provided by clean or climate tech companies. Despite the
In a major win over opaque algorithmic management in the so-called gig economy an appeals court in the Netherlands has found largely in favor of platform workers litigating against ride-hailing giants Uber and Ola — judging the platforms violated the drivers’ rights in a number of instances, including when algorithms were involved in terminating driver
The Roku Channel has added 14 new free, ad-supported channels featuring TV shows and movies from Warner Bros.’s content library. Earlier this year, Warners Bros. Discovery announced that it reached a deal with Roku and Tubi to license 2,000 hours of content. The content is now available on Roku. Roku’s new channels feature many popular
Huawei USA Chief Security Officer Andy Purdy joins Ed Ludlow to discuss the Huawei’s outlook after the company posted its first annual profit decline in more than a decade, after years of US sanctions all but obliterated its smartphone arm and compelled the Chinese telecom gear maker to ratchet up research spending. ——– Like this
Mobile gaming is set to reach $315.9 billion this year, according to Statista, but it’s not easy money: Various subscription models, IP, operating costs and how people access games make it an expensive endeavor that can be prohibitive for anyone who wants to try something new or different. Ryan Horrigan, co-founder and CEO of game
Indian electric mobility startup Magenta Mobility has closed a $22 million Series A1 round, backed by $11 million each from Morgan Stanley India Infrastructure and BP Ventures. Magenta will use the all-equity investment to boost its existing logistics and last-mile delivery fleet operations. The Navi Mumbai-headquartered startup has a fleet of 800 three-wheeled electric cargo
A warming world is going to need a lot of cold drinks. Problem is, today’s refrigeration tech is anything but climate friendly. The way we cool our food and drink has barely changed in a century and the technology is still reliant on environmentally harmful refrigerants. Now, a German startup thinks it can freeze those
TikTok has been issued with a fine of £12.7 million (~$15.7M) for breaching U./K. data protection law, including rules intended to protect children. The privacy watchdog, the Information Commissioner’s Office (ICO), announced today that it found the video sharing site “did not do enough” to check who was using their platform and failed to take
Apple is gearing up to open its first retail store in India to the public later this month, roughly two decades after the company began selling products and services in the South Asian nation that has grown to become the second largest internet market. The iPhone-maker on Wednesday shared the barricade of its first retail
Amazon is set to shutter Book Depository, an online bookstore and competitor it acquired back in 2011. The news comes hot on the heels of a swathe of cutbacks at the internet giant, with two separate rounds of layoffs impacting at least 27,000 people across various divisions including its highly profitable AWS cloud unit and,
Here’s a clever new bit of kitchen tech. Victoria, BC firm Sepura recently introduced its eponymous home appliance, which sits under a sink in place of a garbage disposal. There’s an included Bluetooth button, which can be stuck anywhere near the sink. The system itself sits underneath the sink and is designed to hook directly
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 Tuesday Crunch, our crunchy compatriots. Today, there’s a ton of fun events-based updates for you. If you’re coming to Early Stage in Boston, Pitch to VCs there. Also, if you want
The materials developer formerly known as ELeather has a new name and $18 million in fresh growth funding from some of the world’s fanciest brands. Now going by Generation Phoenix, the upcycler says its new investors include Coach parent Tapestry, Jaguar Land Rover and Dr. Martens, plus lead investor Material Impact and prior investor Hermès.
Facebook and Instagram users in the European Union objecting to Meta’s behavioral advertising can easily ask for their data not to being used for its consentless tracking-and-profiling thanks to a free tool provided by privacy rights not-for-profit, noyb. According to noyb, an online form Meta is planning to offer EU users wanting to exercise their
Warner Bros. is in talks about a “Harry Potter” Max Original series on HBO Max, a source with knowledge of the matter confirmed to TechCrunch. The company is nowhere near striking a deal yet, the source tells us. Bloomberg was the first to report about the potential deal. Warner Bros. Discovery (WBD) CEO David Zaslav
On April 20th, TechCrunch will host TechCrunch Early Stage in Boston – an event designed to equip entrepreneurs will all the tools needed to build their unicorn startups. No founder event would be complete without pitches! TechCrunch editorial is looking for 6-7 founders to take part in a Pitch Deck Teardown. On stage. In Boston.
What is a fair price premium for a quickly growing startup? The answer is constantly changing, but recent history teaches us that it’s probably not more than 200% over public-market comps. It may even be closer to 100%. It’s not an academic question. Where the startup price premium benchmark settles this year could help determine
Battery materials and recycling startup Redwood Materials is expanding a partnership with Volkswagen of America in its bid to collect more end-of-life batteries from consumer electronics and strip out the valuable materials so they can be used to make batteries for electric vehicles. Redwood has said its technology can recover more than 95% of the
In an early FAFO test for Elon Musk, Germany could be set to fine Twitter for repeatedly failing to comply with a social media hate speech takedowns law, aka the NetzDG, which requires swift removal of illegal content like hate speech. The Federal Justice Office (BfJ) announced the move in a press release today —
Welcome back to Found, where we get the stories behind the startups. This week Becca and guest host Amanda Silberling are joined by Sarah Peterson from The Nudge, a startup that texts its users ideas of fun things to do in their cities each weekend. Sarah talked about the company’s origin and how they’ve built
Microsoft Corp., extending a frenzy of artificial intelligence software releases, is introducing new chat tools that can help cybersecurity teams ward off hacks and clean up after an attack. Microsoft Security CVP Vasu Jakkal speaks to Ed Ludlow on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg
Zyod, an Indian startup offering apparel sourcing and manufacturing to fashion brands globally, has raised $3.5 million in a seed funding led by Lightspeed Venture India Partners. As the e-commerce sector makes inroads, consumers are finding increasing convenience in purchasing clothes online. However, fashion brands continue to grapple with the challenges of sourcing and producing
Data has emerged as one of the world’s greatest resources, underpinning everything from video-recommendation engines and digital banking, to the burgeoning AI revolution. But in a world where data has become increasingly distributed across locations, from databases to data warehouses to data lakes and beyond, combining it all into a compatible format for use in
Meet Zealy, a French startup that you may already know under the name Crew3. Zealy helps web3 (and web2) companies engage with their communities by giving them tasks that they can achieve in exchange for various rewards. The company just changed its name to Zealy, which indicates a larger focus beyond web3 companies. Last year,
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