Indian e-commerce giant Flipkart no longer owns a stake in payments firm PhonePe. The two said on Friday that they have completed a full ownership separation of PhonePe and shareholders in the Singapore entities of both firms have purchased shares directly in PhonePe’s India entity. The move comes as PhonePe, which was acquired by Flipkart […]
Flipkart and PhonePe complete separation by Manish Singh originally published on TechCrunch
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Daily Crunch: 2 former SBF associates plead guilty to fraud and are cooperating with US federal prosecutors by Christine Hall originally published on TechCrunch
Reliance has backed Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing on Thursday, making further inroads in startups globally. Reliance Strategic Business Ventures, a wholly owned subsidiary of Reliance Industries, has acquired a 23.3% stake in Exyn for $25 million, the Indian firm said. The Indian firm’s investment […]
Reliance buys 23.3% stake in US-based AI firm Exyn by Manish Singh originally published on TechCrunch
Visual effects artists, especially the ones that work on Marvel films, are in more demand than ever and rarely get enough credit. Nearly a dozen VFX houses contribute to one Marvel project. Perception, the Emmy-nominated design and VFX lab that has worked on 33 Marvel films and series, was assigned the challenging task of designing […]
VFX studio Perception takes us inside the tech of ‘Black Panther: Wakanda Forever’ by Lauren Forristal originally published on TechCrunch
The new mobility landscape has made curb space in cities a hot commodity. No longer are curbs just for buses, taxis, deliveries and parking. Now those traditional use cases have to contend with bike lanes, ride-hail, same-day deliveries, dockless vehicles and more. As a result, cities and investors are starting to prioritize software that helps […]
Automotus raises $9M to scale automated curb management tech by Rebecca Bellan originally published on TechCrunch
Text-to-image AI exploded this year as technical advances greatly enhanced the fidelity of art that AI systems could create. Controversial as systems like Stable Diffusion and OpenAI’s DALL-E 2 are, platforms including DeviantArt and Canva have adopted them to power creative tools, personalize branding and even ideate new products. But the tech at the heart […]
A brief history of diffusion, the tech at the heart of modern image-generating AI by Kyle Wiggers originally published on TechCrunch