Prosus is actively engaging with multiple players to explore sale of classified business Olx’s Autos unit in several markets including India and Indonesia, according to a source familiar with the matter. In a statement, the technology investor said pursuit of a global growth strategy for Olx’s automotive business “is no longer the right approach for […]
Prosus in talks to sell Olx Autos business in India, other markets by Manish Singh originally published on TechCrunch
Forgive the scattered nature of this week’s Actuator. No big, overarching monologs this week — just a handful of things I’ve been thinking about lately that I’d like to get down on paper. I suppose that’s one of the perks of doing a weekly newsletter— it forces you to flesh out some bigger ideas. Point […]
Mistakes were made (and that’s fine) by Brian Heater originally published on TechCrunch
ChatGPT, OpenAI’s viral, AI-powered chatbot tech, is now available in a more enterprise-friendly package. Microsoft today announced that ChatGPT is generally available through the Azure OpenAI Service, the company’s fully managed, corporate-focused offering designed to give businesses access to OpenAI’s technologies with added governance and compliance features. Customers, who must already be “Microsoft managed customers […]
ChatGPT comes to Microsoft’s enterprise-focused, Azure-powered managed service by Kyle Wiggers originally published on TechCrunch
Startups are facing a moment of reckoning in the current economic climate, and today one of the more promising in the world of fintech has cracked under the pressure. Railsr, the London, UK embedded finance startup formerly known as Railsbank and once worth nearly $1 billion, announced today that it has been acquired by a […]
Railsr, the UK embedded fintech once valued at nearly $1B, goes into bankruptcy protection under new consortium owner by Ingrid Lunden originally published on TechCrunch
Discord is the latest company to get in on the AI frenzy. The company announced today that it’s launching a set of new AI experiences to a number of servers. Most notably, Discord is is updating its Clyde bot with OpenAI ChatGPT technology that will allow users to have extended conversations with the bot. You […]
Discord updates its bot with ChatGPT-like features, rolls out AI-generated conversation summaries and more by Aisha Malik originally published on TechCrunch
Silicon Valle Bank expected that with fewer dollars flowing into their coffers, US startups would cut their burn rates. That hasn’t really happened.
It turns out burn reduction at startups is more aspiration than reality by Alex Wilhelm originally published on TechCrunch
Mythic, an AI chip startup that last November reportedly ran out of capital, rose from the ashes today with an unexpected injection of fresh funds. Mythic this morning announced that it closed a $13 million financing round led by existing investors Atreides Management, DCVC and Lux Capital alongside new investors Catapult Ventures and Hermann Hauser […]
AI chip startup Mythic rises from the ashes with $13M, new CEO by Kyle Wiggers originally published on TechCrunch
Synctera, a banking-as-a-service startup, has raised an additional $15 million as it expands into Canada. NAventures, the corporate venture arm of National Bank of Canada, led the financing, which brings Synctera’s total raised to $60 million since its June 2020 inception. Private equity firm The Banc Funds and sponsor bank partners Veritex Community Bank, Midland […]
Synctera raises $15M to help companies launch embedded banking products in Canada by Mary Ann Azevedo originally published on TechCrunch