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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Africa, bucking global trends, raised more VC dollars in 2022 than 2021. But its unicorn list stayed stagnant.
Why Africa had no unicorns last year despite record fundraising haul by Tage Kene-Okafor originally published on TechCrunch
The outlook of investing in China is suddenly brightening up as the country gradually phases out its draconian zero-COVID policy, which has caused disruptions in businesses of all kinds and kept the country’s borders shut for the last three years. For venture capitalists, the pandemic has been a tumultuous ride. Tony Wu, a partner at […]
Clouds might be scattering in China’s venture capital world by Rita Liao originally published on TechCrunch
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 […]
Apple is reportedly working on MacBooks with touchscreens by Ivan Mehta originally published on TechCrunch
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 a prior internal valuation cut that […]
Stripe’s internal valuation gets cut to $63 billion by Natasha Mascarenhas originally published on TechCrunch
Indonesia’s PasarPolis is now able to underwrite its own products, making it one of Indonesia’s first full-stack insurtechs. This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance policies. PasarPolis is able to underwrite insurance products because of its […]
PasarPolis is now one of Indonesia’s first full-stack insurtechs by Catherine Shu originally published on TechCrunch
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, K-pop artists management, and other media (movie and […]
Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF by Kate Park originally published on TechCrunch
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 […]
ABL Space Systems’ rocket experiences simultaneous engine shutdown shortly after lift-off by Aria Alamalhodaei originally published on TechCrunch
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Daily Crunch: In ‘an early experimental program,’ OpenAI opens waitlist for GPT Professional by Christine Hall originally published on TechCrunch