MENA VC Flat6Labs’ new fund to back startups in East, West Africa

March 14, 2023

Flat6Labs is amongst the most active VCs in Africa, having invested in over a hundred startups to date, across the Middle East and North Africa (MENA) region. And now, after 11 years, the Egypt-based seed-stage accelerator is setting out on a foray into East and West Africa through a $95 million Africa Seed Fund investment […]

MENA VC Flat6Labs’ new fund to back startups in East, West Africa by Annie Njanja originally published on TechCrunch

TuSimple co-founder resigns, accused of poaching staff for new venture

March 14, 2023

TuSimple’s co-founder, Xiaodi Hou, resigned from the company’s board of directors last week amid an internal investigation which sought to verify claims that Hou approached TuSimple employees about leaving the company to join his new venture, per an SEC filing. Sources familiar with the matter told TechCrunch a “whistleblower” informed upper management about Hou’s solicitations […]

TuSimple co-founder resigns, accused of poaching staff for new venture by Rebecca Bellan originally published on TechCrunch

Indonesia’s Broom builds out automated asset-backed lending for used car dealers

March 14, 2023

The Indonesian used car market is on a course for growth fueled by a number of trends: the increasing digitization in used car sales; a larger variety of finance options; and the COVID-19 pandemic, which pushed the idea of private car ownership.  Broom, an Indonesia-based auto-financing startup that wants to help used car dealers work more […]

Indonesia’s Broom builds out automated asset-backed lending for used car dealers by Kate Park originally published on TechCrunch

Fortnite’s maximalism still works in its new cyberpunk season

March 14, 2023

After a handful of eclectic recent chapters, Fortnite’s latest is taking a theme and running with it. Chapter Four, Season Two of Fortnite went live over the weekend, revamping the game’s central island (which got a full makeover last season) while going full futuristic. The result is a cyberpunk fever dream, with Fortnite’s bucolic rolling […]

Fortnite’s maximalism still works in its new cyberpunk season by Taylor Hatmaker originally published on TechCrunch

Microsoft lays off an ethical AI team as it doubles down on OpenAI

March 14, 2023

Microsoft laid off an entire team dedicated to guiding AI innovation that leads to ethical, responsible and sustainable outcomes. The cutting of the ethics and society team, as reported by Platformer, is part of a recent spate of layoffs that affected 10,000 employees across the company. The elimination of the team comes as Microsoft invests […]

Microsoft lays off an ethical AI team as it doubles down on OpenAI by Rebecca Bellan originally published on TechCrunch

Silicon Valley Bank’s new CEO sends letter to clients: ‘We are conducting business as usual’

March 14, 2023

Silicon Valley Bank’s clients received a surprising email in their inboxes late Monday evening from the bank’s new CEO Tim Mayopoulos stating that the institution was not only open, it was also business as usual. “Silicon Valley Bank, N.A. is open and conducting business as usual,” the email, obtained by TechCrunch from multiple sources, read. […]

Silicon Valley Bank’s new CEO sends letter to clients: ‘We are conducting business as usual’ by Natasha Mascarenhas originally published on TechCrunch