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Meta has finally found a willing buyer for Giphy, the animate GIF search engine it acquired for $400 million three years ago. The move comes some seven months after the U.K.’s antitrust authority issued a final order for Meta to sell Giphy, on the grounds that the merger reduced dynamic competition. This is breaking, refresh […]

Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M by Paul Sawers originally published on TechCrunch

Photoshop is getting an infusion of generative AI today with the addition of a number of Firefly-based features that will allow users to extend images beyond their borders with Firefly-generated backgrounds, use generative AI to add objects to images and use a new generative fill feature to remove objects with far more precision than the […]

Adobe brings Firefly’s generative AI to Photoshop by Frederic Lardinois originally published on TechCrunch

As many as 91% of consumers want to see more videos from brands, according to a recent survey by the startup Wyzowl, which says it surveyed more than 500 respondents. Google meanwhile reported in 2019 that 55% of consumers use videos in their purchasing decisions. Though the data may be in both companies’ self-interest – Wyzowl […]

Sequoia India’s Surge backs AI-powered video creation platform Gan.ai in $5.2M funding by Kate Park originally published on TechCrunch

The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund by early-stage VC E3 Capital (formerly Energy Access Ventures), and emerging markets-focused investment bank Lion’s Head Global Partners, has hit the first close at $48.1 million. The E3LCEF limited partners include FMO, the Dutch entrepreneurial development bank; Swedfund International AB, the Swedish development finance […]

E3 Capital and Lion’s Head climate fund hits first close at $48M to back African startups by Annie Njanja originally published on TechCrunch

South African digital banking platform TymeBank has raised $77.8 million in a pre-Series C round led by African-focused growth stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital. TymeBank expects to close its Series C round later this year, it said in a statement. Tencent, the lead investor in the fintech’s $70 […]

South African challenger bank TymeBank raises $77.8M from Norrsken22 and Blue Earth Capital by Tage Kene-Okafor originally published on TechCrunch

Many new discoveries and technologies never make it out of the lab, let alone to market. Climate tech needs that to change.

Collaborative Fund and the Wyss Institute partner to bridge the climate tech ‘valley of death’ by Tim De Chant originally published on TechCrunch

Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to deploy in excess of half a billion dollars for new investment initiatives in the South Asian market. The Indian firm, whose portfolio includes Razorpay […]

Matrix Partners expands new India fund to $525 million by Manish Singh originally published on TechCrunch

This is a critical moment for CIOs and other technical leaders to take stock of their cloud and IT budget and usage.

Cutting your cloud spend? Consider sharing your bill data internally by Walter Thompson originally published on TechCrunch

Shein is partnering with Reliance to re-enter India, a strategy which, if proven viable, could set an example for startups grappling with the China backlash amid rising geopolitical tensions. The China-founded, Singapore-headquartered fast fashion giant is teaming up with Reliance Retail, the retail subsidiary of Indian conglomerate Reliance, The Wall Street Journal reported. A spokesperson […]

The Shein-Reliance India alliance could offer inspiration for Chinese startups by Rita Liao originally published on TechCrunch