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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Amazon launched an insurance comparison site today in the UK to sell home insurance. The ecommerce giant has partnered with three launch providers — Ageas UK, Co-op, and LV + General Insurance — with more coming next year. The company said the store will be available to select customers starting today on the web and […]
Amazon launches an insurance comparison site in the UK by Ivan Mehta originally published on TechCrunch
Mullen Automotive said Wednesday it has acquired Electric Last Mile Solutions, paving the way for the California-based startup to manufacture its first electric vehicle. The $240 million cash purchase allows Mullen the capability to build up to 50,000 EVs annually, accelerating the launch of the Mullen FIVE and Bollinger B1 and B2 retail vehicles. The […]
Mullen Automotive acquires bankrupt ELMS for $240 million by Jaclyn Trop originally published on TechCrunch
Cross-border payments startup Thunes is partnering with Visa, in a move that will add more than 1.5 billion new endpoints to Visa Direct’s digital payments network. This enables many more consumers and small businesses to send funds to markets in Africa, Asia and Latin America, where digital wallets are often the default payment method. Based […]
Thunes integrates with Visa Direct’s digital payments network by Catherine Shu originally published on TechCrunch
Pinterest’s TikTok competitor is gaining new music. The company announced today its video-focused “Idea Pins” feature will now include the ability to add popular tracks from top artists, thanks to new licensing deals with Warner Music Group, Warner Chappell Music, Merlin and BMG. This will expand upon the music already provided through Pinterest’s royalty-free music […]
Pinterest partners with record labels to bring popular music to its TikTok rival, ‘Idea Pins’ by Sarah Perez originally published on TechCrunch
Last year, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. The moves signaled MaxAB’s ambition to dominate Egypt’s and North Africa’s B2B retail […]
MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M by Tage Kene-Okafor originally published on TechCrunch
Munich-based software and services vacation rental startup, Holidu, has topped up its coffers with an oversubscribed €100 million (~$98M) Series E funding round of equity and debt, led by existing investor 83North, after seeing its year-over-year revenue grew 100% in 2021. The round saw a mix of other existing and new investors chipping in, including […]
Holidu pockets $98M to keep growing its vacation rentals business in Europe by Natasha Lomas originally published on TechCrunch
The kingdom of Eswatini is considering the introduction of a central bank digital currency (CBDC), joining the growing list of African countries exploring the viability of an e-currency. The Central Bank of Eswatini (CBE) said it has appointed German technology group Giesecke+Devrient (G+D) to research and explore the possibilities of a digital Lilangeni (the country’s […]
Eswatini’s central bank mulls issuance of a digital currency by Annie Njanja originally published on TechCrunch
In 2018, Neil D’Souza, a software engineer by trade and previously the VP of product development at Thinkstep, came to the realization that his ten-plus-year effort to solve enterprise product challenges in the areas of sustainability, compliance and risk were having little impact. The way he saw it, they took too long, which minimized their […]
Makersite lands $18M to help companies manage product supply chains by Kyle Wiggers originally published on TechCrunch