Two months ago, the Securities and Exchange Commission (SEC) said it had fined 16 Wall Street firms more than $1.1 billion for “widespread recordkeeping failures” regarding maintaining electronic communications, contravening federal securities laws. In addition, the SEC is now probing private equity firms on their employees’ use of messaging apps for work purposes, including WhatsApp, […]
Shield, a communication compliance platform for financial institutions, raises $20M by Kate Park originally published on TechCrunch
Badili, a Kenya-based smartphone re-commerce startup, has raised $2.1 million pre-seed funding to scale its operations within Africa; one of the fastest-growing mobile phone market in the world. The Venture Catalysts, V&R Africa, Grenfell holdings, and SOSV, participated in the round, as did family offices and angel investors from Kenya, Nigeria, South Africa and India. […]
Smartphone re-commerce startup Badili raises $2.1M pre-seed funding by Annie Njanja originally published on TechCrunch
DeHaat, a startup that offers a wide-range of agricultural services to farmers in India, has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years. Sofina Ventures and Temasek co-led the Patna and Gurgaon-headquartered startup’s Series E funding, it said, […]
Indian agritech DeHaat tops $700 million valuation in $60 million funding by Manish Singh originally published on TechCrunch
“I’ve had a bad month,” Sam Bankman-Fried (SBF) said on stage. The crowd instantly broke out in laughter. The former CEO and founder of disgraced crypto exchange FTX, SBF’s month probably got worse today. In his first public interview since his company imploded, New York Times reporter Andrew Ross Sorkin didn’t go easy on him […]
SBF says journalists are good, actually by Amanda Silberling originally published on TechCrunch
Microsoft may have long had OpenAI as its trusty partner (after its sizable investment), but AWS today announced that Stability AI, one of the hottest new upstarts in the generative AI space and the company behind Stable Diffusion, is doubling down on its cloud, making it its “preferred cloud provider to build and scale its […]
Stability AI doubles down on AWS by Frederic Lardinois originally published on TechCrunch
European Union regulators have fired another warning shot at Elon Musk over his erratic piloting of Twitter since his takeover last month — saying he has “huge work” ahead if the social media site is to avoid falling foul of major new governance rules for digital services which entered into force earlier this month. Reminder: […]
Musk at Twitter has ‘huge work’ ahead to comply with EU rules, warns bloc by Natasha Lomas originally published on TechCrunch
3 proptech investors explain how reducing emissions can trim a building’s carbon footprint and offer new opportunities for returns.
Proptech in Review: 3 investors explain why they’re bullish on tech that makes buildings greener by Tim De Chant originally published on TechCrunch
Cruise, GM’s self-driving technology subsidiary, has started the long and winding regulatory process to test its next-generation ‘Origin’ robotaxi on public roads in San Francisco. The company has applied for a permit with the California Department of Motor Vehicles to test its custom-built driverless vehicle on public roads. The news first reported by the Wall […]
GM’s Cruise pursuing permit to test its custom-built ‘Origin’ robotaxi in San Francisco by Kirsten Korosec originally published on TechCrunch