May 2023

India introduces a $2B program to boost local IT hardware production

May 17, 2023

India wants to be a bigger player in the global hardware manufacturing industry, and it sees a route to boosting local economies while doing so. Now, it’s putting some money where its mouth is. The country has announced a $2 billion program designed to promote and incentivize local businesses building hardware like laptops, PCs, servers […]

India introduces a $2B program to boost local IT hardware production by Jagmeet Singh originally published on TechCrunch

Ripple acquires crypto custody startup Metaco for $250 million

May 17, 2023

Ripple has announced that it has acquired Metaco, a cryptocurrency custody company based in Switzerland, for $250 million in cash and Ripple equity. With this move, Ripple will expand its offerings as it will now be able to custody, issue and settle any type of tokenized asset. “Metaco is a proven leader in institutional digital […]

Ripple acquires crypto custody startup Metaco for $250 million by Romain Dillet originally published on TechCrunch

Apply now to pitch at TechCrunch Live’s Atlanta pitch-off!

May 17, 2023

Hey Atlanta founders! Apply now to pitch at TechCrunch Live’s Atlanta event. Next month, TechCrunch Live is shining a spotlight on the Atlanta tech ecosystem once again, in a special (but virtual) episode of TechCrunch Live taking place on June 7 at 11:00 am PT / 2:00 pm ET. TechCrunch has always received a warm […]

Apply now to pitch at TechCrunch Live’s Atlanta pitch-off! by Matt Burns originally published on TechCrunch

How Seedcamp’s networked approach to Europe helped it secure new $180M fund

May 17, 2023

European early-stage investor Seedcamp has announced the $180M close of its “Fund VI”. It’s a long way from a London university lecture hall 15 years ago in September, when Founding Partner and co-CEO Reshma Sohoni stood up and introduced the first Seedcamp cohort (Incidentally, this was the same day TechCrunch launched in Europe, and my first day […]

How Seedcamp’s networked approach to Europe helped it secure new $180M fund by Mike Butcher originally published on TechCrunch

Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife

May 17, 2023

Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it is now valued at $1.6 billion. The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary […]

Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife by Catherine Shu originally published on TechCrunch

France’s privacy watchdog eyes protection against data-scraping in AI action plan

May 17, 2023

France’s privacy watchdog, the CNIL, has published an action plan for artificial intelligence which gives a snapshot of where it will be focusing its attention, including on generative AI technologies like OpenAI’s ChatGPT, in the coming months and beyond. A dedicated Artificial Intelligence Service has been set up within the CNIL to work on scoping […]

France’s privacy watchdog eyes protection against data-scraping in AI action plan by Natasha Lomas originally published on TechCrunch

The WORST Stock Market Ever- Part 2

May 17, 2023
The S&P 500 (SPY) seems to be going nowhere. But that does not mean there is nothing happening. Nor does it mean there is not money to be made in…