The National Institute of Standards and Technology could fire as many as 500 staffers, according to multiple reports — cuts that further threaten a fledgling AI safety organization. Axios reported this week that the US AI Safety Institute (AISI) and Chips for America, both part of NIST, would be “gutted” by layoffs targeting probationary employees […]
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Cainiao, the logistics arm of Alibaba, is traveling far from home to seek expansion for its business. The company recently launched its first parcel distribution center in Brazil, adding to its regional network of sorting centers in Mexico and Chile, it said Monday. Alibaba’s e-commerce business in China has been hurt by a combination of […]
Alibaba eyes logistics growth in LatAm as China commerce slows by Rita Liao originally published on TechCrunch
Helbiz’s third quarter earnings show a company that’s burning cash, not making revenue gains and losing riders year over year. However, Helbiz’s burgeoning sports streaming service did realize some small gains. The micromobility SPAC reported its Q3 earnings Monday, the same day as its only public market competitor, Bird. Neither company is performing well operationally […]
Helbiz sees losses in mobility revenue, slight gains in streaming by Rebecca Bellan originally published on TechCrunch
Silkhaus, a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 million in seed funding, money it plans to use for expansion across South Asia, Southeast Asia and the MENA region. Venture capital firms that participated in the round include Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital and VentureSouq. […]
Silkhaus gets $7.75M to digitize short-term rentals across emerging markets by Tage Kene-Okafor originally published on TechCrunch
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Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts by Christine Hall originally published on TechCrunch
In this issue: Layoffs come to Astra; News from NASA, Starlink and more
Max Q: Join us! by Aria Alamalhodaei originally published on TechCrunch
Just hours after Bird said it had overstated revenue for more than two years by recognizing unpaid customer rides, Bird dropped a growing concern warning. In a regulatory filing, the company said it might “need to scale back or discontinue certain or all of its operations in order to reduce costs or seek bankruptcy protection.” […]
Bird may not have enough funds to continue shared micromobility business by Rebecca Bellan originally published on TechCrunch