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Korean Investment Partners is the latest Korean VC firm to launch a Southeast Asia fund

October 29, 2023

More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korean Investment Partners Southeast Asia, KIPSEA has a Singapore-based team and just announced its first fund close of $60 million. Limited partners come from South Korea, Hong Kong and […]

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Layoffs at VW’s Cariad further delay software launch in Porsche, Audi models

October 29, 2023

Volkswagen’s software unit Cariad will delay the launch of its new software architecture yet again as it deals with a large round of layoffs. Just three years after VW created Cariad, and only six months after an executive shakeup, the unit has planned to cut 2,000 jobs, German publication Manager Magazin reported over the weekend. […]

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Posts with misinformation on X become ‘ineligible for revenue share’ says Musk

October 29, 2023

X posts that are corrected by Community Notes, the platform’s crowd-sourced fact-checking system, will become “ineligible for revenue share,” Elon Musk said Sunday. “The idea is to maximize the incentive for accuracy over sensationalism,” he wrote. The billionaire executive also noted that any attempts to “weaponize Community Notes to demonetize people will be immediately obvious, […]

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US automakers need to make up their minds already

October 29, 2023

Ford and GM are hedging their bets on EVs. In times of transition, that can be a terrible way to run a business.

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A look at how one fintech CEO’s PR decision backfired

October 29, 2023

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Last week, we chronicled one CEO’s big PR flub, one firm’s new infusion of capital for early-stage fintech startups and […]

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Cruise ceases robotaxi operations, the Apple Watch gets a new feature and Carta tries to head off bad press

October 28, 2023

Hello, ghouls and goblins, and welcome to this Halloween Weekend edition of Week in Review (WiR), TechCrunch’s weekly tech recap in newsletter form. For our U.S.-based readers (and this reporter), ’tis the time for mid-autumn merrymaking — time-tested traditions like jack-o’-lantern carving, costuming and apple picking. May we all make the most of it. In […]

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