Otonomo, the mobility data business valued at $1.4B in 2021 SPAC IPO, acquired by Urgent.ly as market cap dips to $70M

February 10, 2023

Otonomo, connected automotive company that has seen its stock price plummet since going public in 2021, has announced that it is coming together with Urgent.ly, a roadside assistance tech provider, in a reverse merger. The two are combining in an all-share deal that will see Urgently shareholders take 67% of the company and Otonomo shareholders […]

Otonomo, the mobility data business valued at $1.4B in 2021 SPAC IPO, acquired by Urgent.ly as market cap dips to $70M by Ingrid Lunden originally published on TechCrunch

Reddit says hackers accessed internal data following employee phishing attack

February 10, 2023

Reddit has confirmed hackers accessed internal documents and source code following a “highly-targeted” phishing attack. A post by Reddit CTO Christopher Slowe, or KeyserSosa, explained that the company became aware of the “sophisticated” attack targeting Reddit employees on February 5. He says that an as-yet-unidentified attacker sent “plausible-sounding prompts” that redirected employees to a website masquerading as […]

Reddit says hackers accessed internal data following employee phishing attack by Carly Page originally published on TechCrunch

Amazon in talks to acquire Indian video giant MX Player

February 10, 2023

Amazon is engaging with Times Internet to explore the acquisition of MX Player, one of the largest on-demand video streaming services in the country, according to three sources familiar with the matter, as the global e-commerce group eyes expanding its entertainment ambitions in the key overseas market. The deliberations are ongoing and may not materialize […]

Amazon in talks to acquire Indian video giant MX Player by Manish Singh originally published on TechCrunch

These prosthetics break the mold with third thumbs, spikes, and superhero skins

February 10, 2023
Many mornings, Dani Clode wakes up, straps a robotic thumb to one of her hands, and gets to work, poring through reams of neuroscience data, sketching ideas for new prosthetic devices, and thinking about ways to augment the human body. Clode works as a specialist at the University of Cambridge’s Plasticity Lab, which studies the…

We don’t need to panic about a bird flu pandemic—yet

February 10, 2023
This article is from The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, sign up here. How worried should we be about bird flu? Some have warned that avian flu will be the next deadly pandemic. Others have said the risk is no different from what it was…

India lifts ban on PayU’s LazyPay and some other lending apps

February 10, 2023

India’s IT Ministry has lifted the ban on seven high-profile lending apps including PayU’s LazyPay, Kissht, KreditBee and Indiabulls Home Loans, according to a person familiar with the matter, providing some relief of the fintech industry that has been reeling with immense scrutiny in recent quarters. On Friday, the IT Ministry also lifted the ban […]

India lifts ban on PayU’s LazyPay and some other lending apps by Manish Singh originally published on TechCrunch

Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay

February 10, 2023

The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emerging markets who don’t own credit cards. Tazapay was created to combine both card and real-time payment methods as a full-stack service for […]

Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay by Catherine Shu originally published on TechCrunch