Technology

MENA VC Flat6Labs’ new fund to back startups in East, West Africa

March 14, 2023

Flat6Labs is amongst the most active VCs in Africa, having invested in over a hundred startups to date, across the Middle East and North Africa (MENA) region. And now, after 11 years, the Egypt-based seed-stage accelerator is setting out on a foray into East and West Africa through a $95 million Africa Seed Fund investment […]

MENA VC Flat6Labs’ new fund to back startups in East, West Africa by Annie Njanja originally published on TechCrunch

TuSimple co-founder resigns, accused of poaching staff for new venture

March 14, 2023

TuSimple’s co-founder, Xiaodi Hou, resigned from the company’s board of directors last week amid an internal investigation which sought to verify claims that Hou approached TuSimple employees about leaving the company to join his new venture, per an SEC filing. Sources familiar with the matter told TechCrunch a “whistleblower” informed upper management about Hou’s solicitations […]

TuSimple co-founder resigns, accused of poaching staff for new venture by Rebecca Bellan originally published on TechCrunch

Indonesia’s Broom builds out automated asset-backed lending for used car dealers

March 14, 2023

The Indonesian used car market is on a course for growth fueled by a number of trends: the increasing digitization in used car sales; a larger variety of finance options; and the COVID-19 pandemic, which pushed the idea of private car ownership.  Broom, an Indonesia-based auto-financing startup that wants to help used car dealers work more […]

Indonesia’s Broom builds out automated asset-backed lending for used car dealers by Kate Park originally published on TechCrunch

Microsoft lays off an ethical AI team as it doubles down on OpenAI

March 14, 2023

Microsoft laid off an entire team dedicated to guiding AI innovation that leads to ethical, responsible and sustainable outcomes. The cutting of the ethics and society team, as reported by Platformer, is part of a recent spate of layoffs that affected 10,000 employees across the company. The elimination of the team comes as Microsoft invests […]

Microsoft lays off an ethical AI team as it doubles down on OpenAI by Rebecca Bellan originally published on TechCrunch

Spotify’s new ‘DJ’ feature is the first step into the streamer’s AI-powered future

March 13, 2023

Spotify has bigger plans for the technology behind its new AI DJ feature after seeing positive consumer reaction to the new feature.  Launched just ahead of the company’s Stream On event in L.A. last week, the AI DJ curates a personalized selection of music combined with spoken commentary delivered in a realistic-sounding, AI-generated voice. But […]

Spotify’s new ‘DJ’ feature is the first step into the streamer’s AI-powered future by Sarah Perez originally published on TechCrunch

Apple’s AR/VR headset reportedly being pushed out due to ‘huge pressure to ship’

March 13, 2023

Stop me if you’ve heard this one before: Apple is building a mixed reality headset that’s set to ship this year. The company’s MR (AR+VR) hardware ranks among its longest-lasting rumor cycles. Some (Apple Watch) have borne fruit. Others (that pesky Apple TV set) not so much. The category doesn’t feel like a foregone conclusion […]

Apple’s AR/VR headset reportedly being pushed out due to ‘huge pressure to ship’ by Brian Heater originally published on TechCrunch

China’s robotaxi upstart WeRide confidentially files for IPO: Bloomberg

March 13, 2023

WeRide.ai, one of the most funded Chinese robotaxi operators, has confidentially filed to go public in the U.S., Bloomberg reported on Monday. The company declined to comment when reached by TechCrunch. China’s autonomous driving startups have been racking up hefty investments in the past few years to fuel their technology development and fleet deployment, which […]

China’s robotaxi upstart WeRide confidentially files for IPO: Bloomberg by Rita Liao originally published on TechCrunch

Aether wants to shift you from blood diamonds to gems pulled from thin air

March 13, 2023

Diamonds: carbon, transparent, expensive, symbolic of love and commitment — and many of them come dripping with human rights abuses. They also come with a heavy environmental burden, even the lab-grown ones. So what if diamonds could be done differently, with proper traceability and sustainability? That’s exactly where Aether, a diamond-growing company based in New […]

Aether wants to shift you from blood diamonds to gems pulled from thin air by Haje Jan Kamps originally published on TechCrunch