Technology

African credit-led fintech Finclusion raises additional capital amidst rebrand

December 7, 2022

African credit-led neobank Finclusion Group has raised an additional $2 million in equity financing as it officially rebrands to Fin, the company said in a statement shared with TechCrunch.  The news follows a January announcement that the fintech, which uses AI algorithms to provide financial services to African customers via an array of credit-centric products, […]

African credit-led fintech Finclusion raises additional capital amidst rebrand by Tage Kene-Okafor originally published on TechCrunch

How US police use counterterrorism money to buy spy tech

December 7, 2022
Grant money meant to help cities prepare for terror attacks is being spent on surveillance technology for US police departments, a new report shows.  It’s been known that federal funding props up police budgets, but the new report, written by the advocacy organizations Action Center on Race and Economy (ACRE), LittleSis, MediaJustice, and the Immigrant…

Making sense of the changes to China’s zero-covid policy

December 7, 2022
China Report is MIT Technology Review’s newsletter about technology developments in China. Sign up to receive it in your inbox every Tuesday. On December 1, 2019, the first known covid-19 patient started showing symptoms in Wuhan. Three years later, China is the last country in the world holding on to strict pandemic control restrictions. However, after days…

Autonomous and electric truck company Einride raises $500M in equity and debt

December 7, 2022

Einride today announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally. The cash injection constitutes an equity-based $200 million Series C portion from backers including Northzone, EQT Ventures, Temasek, Swedish pension fund AMF, Polar Structure, and Norrsken VC. Additionally, the Swedish company said […]

Autonomous and electric truck company Einride raises $500M in equity and debt by Paul Sawers originally published on TechCrunch

Uber and Motional launch robotaxi service in Las Vegas

December 7, 2022

Uber and Motional, the Hyundai-Aptiv joint venture focused on commercializing self-driving technology, have launched a robotaxi service in Las Vegas — the first step in the companies’ 10-year plan to co-scale across major North American cities, which was announced in October. While Motional has already launched similar services in Las Vegas on both the Lyft […]

Uber and Motional launch robotaxi service in Las Vegas by Rebecca Bellan originally published on TechCrunch

The metaverse fashion stylists are here

December 7, 2022
When I met Jenni Svoboda, she was in the midst of designing a beanie with a melted cupcake top, sprinkles, and doughnuts for ears. “It’s something you’d probably never wear in real life,” she said with a laugh. But Svoboda isn’t designing for the physical world. She’s designing for the metaverse. Svoboda is working in…

Atomico report: European startups on track to raise $85B this year, down from $100B+ in 2021

December 7, 2022

Startups across Europe are on track to raise $85 billion in funding this year — a drop of $15 billion on 2021 levels when funding passed $100 billion, according to a report on the state of European tech. The figures come from London VC firm Atomico’s annual State of European Tech report, which has become […]

Atomico report: European startups on track to raise $85B this year, down from $100B+ in 2021 by Ingrid Lunden originally published on TechCrunch

India’s nationwide 5G rollout plan could hit turbulence due to aircraft interference concerns

December 7, 2022

India just started rolling out 5G networks after much anticipation and years-long delay. Service operators expect to bring next-generation cellular connectivity to every town in the world’s second-largest wireless market by as early as the end of 2023. But while the rollout is currently at its initial phase, New Delhi last week directed telecom operators […]

India’s nationwide 5G rollout plan could hit turbulence due to aircraft interference concerns by Jagmeet Singh originally published on TechCrunch

Prisma Labs, maker of Lensa AI, says it is working to prevent accidental generation of nudes

December 6, 2022

We recently uncovered that Lensa AI can be tricked into creating NSFW images. When TechCrunch made the Prisma team aware of its findings, the company’s CEO replied with its findings. Prisma Lab’s CEO and co-founder Andrey Usoltsev told us that the behavior we observed in our article can only happen if the AI is intentionally […]

Prisma Labs, maker of Lensa AI, says it is working to prevent accidental generation of nudes by Haje Jan Kamps originally published on TechCrunch

Apple’s first car effort might not be self driving after all

December 6, 2022

Apple has talked a big game about its future plans to break into the automotive market. But a report from Bloomberg says that Apple has had to scale back its plans. Last year, reports indicated that Apple would debut a fully self-driving car in 2025, but now, the vehicle is delayed until 2026 and will […]

Apple’s first car effort might not be self driving after all by Amanda Silberling originally published on TechCrunch