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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General Atlantic has poured another $100 million in PhonePe, three months after leading a $350 million investment in the Indian fintech startup that has so far raised $750 million as part of the ongoing financing round. Walmart-backed PhonePe disclosed the investment in a filing with the local regulator on Wednesday. A company spokesperson confirmed the […]
General Atlantic invests another $100 million in PhonePe by Manish Singh originally published on TechCrunch
Last month, pan-African venture capital firm Verod-Kepple Africa Partners reached the second close of its first fund (Verod-Kepple Africa Ventures), targeting African startups at $43 million. Verod-Kepple Africa Ventures (VKAV) achieved its first close last March (at $20 million) and aims to attain its final close by the end of the year at $100 million; […]
Backed by Japanese investors, Verod-Kepple’s fund will invest in Series A and B startups across Africa by Tage Kene-Okafor originally published on TechCrunch
For a firm whose bets are largely unpredictable, the early-stage venture firm Future Ventures has become very formulaic in its fundraising. Now entering its fifth year, the firm just closed a $200 million fund – its third in a row. In fact, it would have exactly $600 million under management at this point if not […]
Talking with Future Ventures about its new fund, AI hype, and Siri sucking (still) by Connie Loizos originally published on TechCrunch
Strava, the activity tracking and social community platform used by more than 100 million people globally, has announced a new in-app integration with Spotify. The integration allows users to easily access music, podcasts and audiobooks from the Strava app while tracking activities. Starting today, users can play, pause, resume, skip and browse Spotify content from […]
Strava launches integration with Spotify to let users listen to content while tracking activities by Aisha Malik originally published on TechCrunch
Elon Musk said that Twitter will finally move to remove the legacy blue checkmarks on April 20 or 4/20 because he can’t let go of that joke. This is the “final date,” he said in a tweet. If the move goes through, Twitter will have verification marks only for paid users and businesses, and government […]
Elon Musk says Twitter will finally remove legacy checkmarks on 4/20 by Ivan Mehta originally published on TechCrunch
When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: the bank spent most of last year without a chief risk officer, and the one who left sold more than $4 million of stock in the bank before departing. The new CRO Kim Olson, who joined in January 2023, […]
Silicon Valley Bank’s chief risk officer is out, months after taking the job by Natasha Mascarenhas originally published on TechCrunch
Eager to secure all the lithium it needs to power a growing lineup of electric vehicles, General Motors said on Tuesday that it will lead a $50 million investment into lithium extraction and refining startup EnergyX. With the deal, the legacy automaker says it will help EnergyX scale its lithium-extraction tech. In exchange, GM will […]
GM leads $50M EnergyX deal to lock down lithium for its EVs by Harri Weber originally published on TechCrunch