As companies grapple with the challenge of developing a sustainable business without sacrificing their core principles, open source has evolved from a niche approach to software development into the business model of many successful tech companies. Its principles of transparency and collaboration have fueled innovation, but balancing these ideals with the practical demands of leading
Validus, a Singapore-based digital lending platform for small and medium businesses, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. Validus will use the proceeds to support the financial inclusion of micro, small and medium enterprises (MSMEs) in Indonesia, addressing the challenges they face in accessing financial resources. With
The Mac mini will be the next Apple device to say goodbye to USB-A, according to Bloomberg’s Mark Gurman. Apple customers have probably gotten used to seeing the familiar, rectangular USB-A ports replaced with their thinner USB-C siblings. And while USB-C has its advantages, the transition can sometimes leave users confused and scrambling for adapters.
Startups globally have faced challenges over the last couple of years when trying to exit, due to factors like a frozen IPO market and reduced attractiveness to buyers. In addition, large mergers-and-acquisitions (M&A) deals have faced heightened regulatory scrutiny, particularly involving Big Tech or multi-billion-dollar conglomerates. Notably, a decline in venture investment within any startup
As businesses experiment with embedding AI everywhere, one unexpected trend is companies turning to AI to help its many newfound bots better understand human emotion. It’s an area called “emotion AI,” according to PitchBook’s new Enterprise Saas Emerging Tech Research report that predicts this tech is on the rise. The reasoning goes something like this:
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The South Korean startup ecosystem has grown over the last decade as major tech firms and venture capital from the West has sought to make inroads in the country. No surprise there: South Korea has long been one of Asia’s strongest economies. Startups here have enjoyed good access to funding, benefiting from Big Tech companies
Elle Russell, co-founder of Cairns, Australia-based NightCafe, which offers a suite of AI-powered art-creating tools, prefers to avoid the spotlight. “I like to remain hidden behind my monitors,” she told me in a recent interview. NightCafe is similarly low profile. The company, which Russell helped her partner, Angus Russell, launch five years ago, doesn’t get
TechCrunch Disrupt 2024 in San Francisco is just two months away, and we’re still looking for enthusiastic and driven volunteers to assist our events team. Don’t miss this opportunity to be part of something big! If you aspire to be a startup founder, marketer or event coordinator, this experience is a rare chance to see
Traditionally seen as private financial entities, family offices are key players in the supply of venture capital, using startup investments as a way to diversify their portfolios and engage with groundbreaking technologies. Catch Eti Lazarian, principal of Elle Family Office, and Bruce Lee, CEO and founder of Keebeck Wealth Management, on the Builder’s Stage at
Stock-trading startup Public has acquired the brokerage accounts of Carta’s secondaries business, TechCrunch has confirmed. Carta, best known for its cap table management software, sits on a stockpile of data. It tried to expand into the bubbling hot secondary marketplace brokerage business, but in January, a startup customer publicly accused Carta of using the startup’s
OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told The Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries
A top court in Brazil ordered an immediate, country-wide suspension of the X platform on Friday after a months-long legal battle with Elon Musk’s social media company over content moderation, according to Bloomberg. The court added that anyone using VPN to access the X platform would be subject to daily fines of 50,000 reais
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was a bit of a carryover from the one before as Bolt’s drama keeps unfolding — another story to be continued. But capital also flew
Esthita Kabra always knew she wanted to work with Airbnb. When she first came up with the idea for her company By Rotation a few years ago, a fashion-sharing platform, she looked to other gig economy businesses like Airbnb as inspiration. She launched By Rotation in 2019, transforming it from a side hustle to a
Startups aren’t giving up on the idea of AI-powered pins, with the latest device from Plaud focused on just one task: taking notes. A few months ago, companies like Humane and Rabbit launched their own gadgets powered by generative AI. It’s probably too early to fully write off any of those companies or products, but
A new service from the makers of the Mammoth app for Mastodon intends to bring the creator economy to the fediverse, also known as the open social web. Sub.club, launching on Thursday, will allow creators on Mastodon — a decentralized Twitter/X rival — to offer paid subscriptions and content by way of premium feeds. In
Agriculture in India provides livelihood support to over 42% of its population, contributing 18% to the country’s GDP, according to government data. However, the agri-input market, which provides inputs for the sector — be it seeds, pesticides, herbicides, or cultivation and harvesting tools — largely relies on traditional channels, including local offline marketplaces. The sector
Atlassian on Thursday announced that it has acquired Rewatch, an AI-powered meeting notetaker, screen recording tool and video hub. The company plans to integrate Rewatch into Loom, the asynchronous video messaging platform it acquired for $975 million last October. But maybe even more importantly, it also plans to integrate it into its recently launched Rovo
Sundar Pichai, chief executive officer of Alphabet Inc., at Google’s Bay View campus in Mountain View, California, on Wednesday, May 1, 2024. Image Credits: David Paul Morris/Bloomberg / Getty Images Google suffered a major defeat when U.S. District Court Judge Amit Mehta found that the tech giant had acted illegally to maintain its monopoly in
One of the people who successfully sued the National Association of Realtors (NAR) to change real estate commissions has co-founded a new real estate startup. It all began in 2017 when Josh Sitzer and his wife listed their home for sale in Kansas City. The couple was frustrated by the fact they had to pay
Magic, an AI startup developing models to generate code and automate a range of software development tasks, says that it’s raised a large tranche of cash from investors including ex-Google CEO Eric Schmidt. In a blog post this morning, Magic said that it closed a $320 million funding round with contributions from Schmidt, Jane Street,
It might have been a brat summer, but Apple thinks it’s “glowtime” for its iPhone 16 event. The company announced that it will host the event to unveil new devices on September 9 at 10 a.m. PT / 1 p.m. ET. The event will take place at the Steve Jobs Theater on Apple’s campus. But
Spotify claims Apple may be again in violation of European regulation, the Digital Markets Act (DMA), which requires interoperability from big technology companies dubbed “gatekeepers.” This time, the issue isn’t about in-app purchases, links or pricing information, but rather how Apple has discontinued the technology that allows Spotify users to control the volume on their
Fluid Truck, a startup that was founded to disrupt the commercial vehicle rental industry, has ousted its sibling co-founders – CEO James Eberhard and chief legal counsel Jenifer Snyder – according to sources familiar with the matter. The shakeup, which employees have described as a hostile takeover, was led by two minority investors on the
Social networking startup and decentralized X competitor Bluesky is introducing new features designed to make its platform less toxic and conversations less combative than on its predecessor. The company on Wednesday introduced a handful of anti-abuse features, including the ability to hide replies, as X offers today, as well as a way to detach your
Meta and Spotify are exploring deeper music integration in Meta’s Instagram app. New findings indicate the companies are testing a feature that would allow users to continuously share what music they’re listening to through Instagram’s Notes. The new functionality was first spotted by reverse engineer Alessandro Paluzzi, who often finds unreleased features while they’re still
Last December, OpenAI announced it was opening applications for its second cohort of a six-week accelerator program it had kicked off in 2022. Then things grew very quiet. But OpenAI’s Converge 2 startup accelerator program did indeed take place, according to two sources familiar with the program. TechCrunch also confirmed that the Open AI Startup
ChatGPT creator OpenAI is reportedly in talks to raise a massive tranche of cash led by previous backer Thrive Capital, at a valuation of more than $100 billion. That’s substantially higher than OpenAI’s previous $86 billion valuation, and by far the highest valuation of any AI startup to date. Thrive will reportedly throw in around
Reddit’s mobile and web applications went down on Wednesday afternoon, with more than 150,000 users reporting outages on Downdetector as of 1:30 p.m. in San Francisco. When trying to access Reddit’s homepage, users were met with the message, “Server error. Try again later.” The company itself reported a “degraded status” for Reddit.com as of 1:16
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