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Despite global frenzy, investor enthusiasm in China’s AI startups wanes

February 5, 2024

In 2023, the global frenzy around artificial intelligence, fueled by the advent of ChatGPT, swept across the world. In China, where OpenAI’s chatbot is unavailable, startups and tech incumbents scrambled to develop their own AI models and applications, drawing upon the foundational pieces of the American upstart. Individual AI fans accessed ChatGPT through a web […]

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ProducePay raises $38M to tackle produce supply chain waste

February 5, 2024

Food waste is a major problem. In the U.S. alone, roughly 30% to 40% of the supply ends up in landfills. A United Nations report estimated that around one-third of the world’s food is wasted every year, adding up to 1.3 billion tons — worth almost $1 trillion. Given the scale — and societal implications […]

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Oversight Board calls on Meta to rewrite ‘incoherent’ rules against faked videos

February 5, 2024

A misleading seven second clip of President Biden could reshape Facebook’s misinformation policies ahead of the 2024 election, but the platform — and the American electorate — are running out of time. The Oversight Board, the external advisory group that Meta created to review its moderation decisions on Facebook and Instagram, issued a decision on […]

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Yandex to sell its remaining Russian businesses for $5.2B — half its market value

February 5, 2024

Yandex N.V., the Dutch parent company of the eponymous Russian internet giant, is selling the last of its remaining Russian businesses at a steep discount, following sanctions imposed in the wake of the Russia’s invasion of Ukraine two years ago. The value of the transaction, which will include the sale of all Yandex N.V. businesses […]

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Samsung chief Jay Y. Lee acquitted in 2015 merger case  

February 5, 2024

Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in 2015, a South Korean Court ruled on Monday. In the November hearing, prosecutors had called for Lee to be in jail for five years and a […]

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How VCs can assess and attract winners in a landscape that’s now crowded with AI startups

February 5, 2024

Felicis, the 16-year-old Bay Area-based early-stage venture firm, has a reputation for investing globally. Indeed, firm founder Aydin Senkut — who spent a handful of years at Google as a product manager in its earlier days — was born in Turkey and talks often of the hustle he sees in founders around the world. Felicis […]

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Naboo provides an Aibnb-like experience for company seminars

February 5, 2024

Naboo, a French company that was created just a couple of years ago, is trying to create a modern online experience for company seminar planning. The startup recently raised an $8 million funding round (€7.5 million) and already processes more than $1.5 million in transaction volume per month. On paper, Naboo is quite simple. It’s […]

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India’s Paytm is in flux

February 5, 2024

Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last week looks to have had a more extensive impact than previously anticipated. The trading was halted after Paytm’s shares fell 10%, the artificial limit put on its […]

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Motional loses a backer, another micromobility bankruptcy and a mobility startup unicorn is born

February 4, 2024

TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility – your central hub for news and insights on the future of transportation. This week, read about autonomous vehicle company […]

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