Technology

Two quantum-adjacent technologies — quantum sensing (QS) and quantum communication (Qcomm) — are as important as quantum computing hardware itself since they help make quantum computers function more accurately.  A Sydney-based startup called Q-CTRL has built quantum-sensing software that helps reduce errors on quantum computers. Today, the company announced that it has raised another $27.4 […]

Quantum sensing startup Q-CTRL raises another $27.4M by Kate Park originally published on TechCrunch

A week ago activist investor Elliott Management announced it had made a multibillion dollar investment in Salesforce. By Friday, the company announced it was bringing in three new board members, and the Wall Street Journal was reporting that Elliott planned to nominate its own slate of directors. According to people familiar with the situation, that […]

Board changes could signal Salesforce’s willingness to appease activist investors by Ron Miller originally published on TechCrunch

With the economy teetering on recession, and sales of mobile phones and other consumer electronics slowing right down globally, a U.K. startup called Raylo that’s leaning into both of those themes has picked up £110 million ($136 million) to grow its business, offering consumers access to new gadgets by way of short-term leases. The London-based […]

Raylo raises $136M to build out its gadget lease-and-reuse ‘fintech’ platform by Ingrid Lunden originally published on TechCrunch

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Mass-market military drones have changed the way wars are fought When the United States first fired a missile from an armed Predator drone at suspected Al Qaeda leaders in Afghanistan in November 2001,…

Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. About one-third of the purchase price is payable over a two-year period subject to certain undisclosed conditions. And, if one undisclosed milestone in particular is met within the next […]

Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition by Mary Ann Azevedo originally published on TechCrunch

The fund raised will be utilized to deepen the technology infrastructure, talent acquisition and scale up cloud manufacturing with the supply partners

After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low, according to research firm Counterpoint. It was also the first time that China’s smartphone shipment had dropped below 300 million units […]

China smartphone market slumps to 10-year low in 2022 by Rita Liao originally published on TechCrunch

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]

What’s Stripe’s deal? by Mary Ann Azevedo originally published on TechCrunch