South African car subscription service Planet42 raises $100M equity, debt

February 22, 2023

Planet42, a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors. Naspers, through its early-stage investment vehicle, Naspers Foundry, co-led the $15 million equity round (the SA-based investor also led Planet42’s previous […]

South African car subscription service Planet42 raises $100M equity, debt by Tage Kene-Okafor originally published on TechCrunch

Meta Verified won’t let you change name, username or profile photo for now

February 22, 2023

After looking at Twitter’s struggle with impersonation problems when Elon Musk relaunched Twitter Blue, Mark Zuckerberg is putting guardrails before launching Meta Verified. Earlier this week, the company announced its subscription plan, which is set to be available for users in New Zealand and Australia in the next few days. If you pay for Meta […]

Meta Verified won’t let you change name, username or profile photo for now by Ivan Mehta originally published on TechCrunch

European VC firms Amadeus and Apex partner for €80m early-stage ‘deep tech’ fund

February 22, 2023

U.K.-based Amadeus Capital Partners and Austria’s Apex Ventures are pooling their collective venture capital (VC) resources for a new fund specifically targeted at early-stage deep tech startups.  The duo have raised an initial €28 million ($30 million) for the Amadeus Apex Technology Fund, with plans to close it out at €80 million ($85 million). The […]

European VC firms Amadeus and Apex partner for €80m early-stage ‘deep tech’ fund by Paul Sawers originally published on TechCrunch

Supreme Court arguments this week could reshape the future of the internet

February 22, 2023

The Supreme Court is examining a short but potent law this week that, if altered, could rearrange the modern internet. Section 230 of the Communications Decency Act shields internet companies from liability for the user-generated content they host and it’s become an unlikely nexus of controversy in recent years. On Tuesday, the Supreme Court heard […]

Supreme Court arguments this week could reshape the future of the internet by Taylor Hatmaker originally published on TechCrunch

SignalFire’s founder says his VC firm lost staffers who “thought we were too cheap” in prior years

February 22, 2023

For most founders, being seen by employees as cheap isn’t exactly a badge of honor, but venture investor Chris Farmer doesn’t mind. While Farmer’s 10-year-old, seed-stage venture firm SignalFire lost frustrated employees who weren’t able to compete for deals when the market was at its most frothy, he says, holding the line on price appears […]

SignalFire’s founder says his VC firm lost staffers who “thought we were too cheap” in prior years by Connie Loizos originally published on TechCrunch

Twitter will send a notification when a tweet you replied to or retweeted gets a Community Note

February 22, 2023

Blindingly amplifying views or posts on social media is one of the key reasons for the rapid spread of misinformation. Over the years, prominent figures have posted or retweeted false information on Twitter. The social network is now giving a chance to withdraw a retweet for such instances through a new Community Notes — its […]

Twitter will send a notification when a tweet you replied to or retweeted gets a Community Note by Ivan Mehta originally published on TechCrunch

OpenAI’s Foundry will let customers buy dedicated compute to run its AI models

February 22, 2023

OpenAI is quietly launching a new developer platform that lets customers run the company’s newer machine learning models, like GPT-3.5, on dedicated capacity. In screenshots of documentation published to Twitter by users with early access, OpenAI describes the forthcoming offering, called Foundry, as “designed for cutting-edge customers running larger workloads.” “[Foundry allows] inference at scale […]

OpenAI’s Foundry will let customers buy dedicated compute to run its AI models by Kyle Wiggers originally published on TechCrunch

1 Tech Stock to Buy in a Recession and 1 to Avoid

February 22, 2023
Despite a slowdown in the Fed’s rate hike aggression, recession probabilities are still widespread. However, given the robust demand for tech products and services, the prospects of the industry look…