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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Qotto, a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equity-debt round led by the IBL group, a billion-dollar conglomerate headquartered in Mauritius with business interests in a number of sectors including energy, financial services, logistics, distribution, and engineering. The Off-Grid Energy Access Fund (FEI-OGEF), […]
Cleantech Qotto embarks on growth plan backed by $8M funding by Annie Njanja originally published on TechCrunch
The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. Others do not have provisions for seat reservation. Looking to bridge the gap, booking platforms are emerging in the […]
BuuPass raises $1.3M to scale mobility sector digitization in Africa by Annie Njanja originally published on TechCrunch
Xiaomi — the company that originally made its name as “the Apple of China” — broke out of its home market and became a household name in India shortly after its debut in 2014. Its initial, rapid success was with phones, but that gave Chinese company the velocity to take on other product categories, where […]
Is Xiaomi’s shine dimming in India? by Jagmeet Singh originally published on TechCrunch
At a time when venture capital funding is slowing in China, EV is one of the few sectors that are still keeping investors excited. Case in point, Zeekr, the luxury electric vehicle brand of China’s largest private carmaker Geely, announced Monday that investors have committed to investing $750 million in its Series A funding round. […]
Two-year-old Zeekr raises $750M at $13B valuation by Rita Liao originally published on TechCrunch
Safety advocacy group The Dawn Project is taking its campaign to ban Tesla’s Full Self-Driving (FSD) system to the Super Bowl. The 30-second ad, which is broadcasting to millions of football fans in Washington D.C. and state capitals like Austin, Tallahassee, Albany, Atlanta and Sacramento, outlines several alleged critical safety defects of Tesla FSD, the […]
Tesla’s biggest hater airs Super Bowl ad against FSD by Rebecca Bellan originally published on TechCrunch
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]
AI comes to expense reports by Mary Ann Azevedo originally published on TechCrunch