The Download: AI’s impact on the economy, and DeepSeek strikes again
UK’s Space Forge debuts new reentry tech for in-space manufacturing satellites
Welsh in-space manufacturing startup Space Forge has developed a satellite reentry system to enable rapid recovery and reuse of its in-space manufacturing spacecraft. The new system, which includes a heat shield and a water vehicle designed to soften the spacecraft’s landing, will be incorporated into the company’s in-space manufacturing satellite platform called ForgeStar. As opposed […]
UK’s Space Forge debuts new reentry tech for in-space manufacturing satellites by Aria Alamalhodaei originally published on TechCrunch
Blackstone sells IBS Software stake to Apax for $450 million
Blackstone has reached a definitive agreement to sell its stake in the Indian SaaS startup IBS Software to Apax for $450 million, the three said Monday, the latest in a series of late-stage deal activities among IPO-ready firms. IBS Software offers a range of software solutions to airlines, logistics and hospitality companies. The Kerala-based startup […]
Blackstone sells IBS Software stake to Apax for $450 million by Manish Singh originally published on TechCrunch
Catching bad content in the age of AI
UK pension startup Smart banks $95M
Smart, a London-based startup that helps employers and their employees manage and monitor their pensions, said that it has closed $95 million in Series E funding. It plans to use the capital to expand its international footprint and make acquisitions, it said. Aquiline Capital Partners, a new backer, led the investment, with previous investors Barclays, […]
UK pension startup Smart banks $95M by Paul Sawers originally published on TechCrunch
Alibaba’s autonomous driving lab to focus more on monetization
Alibaba founded Damo Academy in 2017 to carve out a program focused on cutting-edge research that is relatively free of short-term money-making pressure. One of the Academy’s 16 labs conducts research on autonomous driving, which just announced a major change today. Damo’s autonomous vehicle lab will merge into Cainiao, Alibaba’s global logistics network, and will […]
Alibaba’s autonomous driving lab to focus more on monetization by Rita Liao originally published on TechCrunch
M-KOPA snaps up $250M+ debt, equity for its asset financing platform
M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” and the ability to pay for them via digital micropayments, has secured over $250 million in new funding. The capital injection includes $55 million in equity and over $200 million in debt, huge sums in both categories that testify to strong […]
M-KOPA snaps up $250M+ debt, equity for its asset financing platform by Tage Kene-Okafor originally published on TechCrunch
Apple partner Foxconn to invest $500 million in India’s Telangana
Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in the South Asian market. K.T. Rama Rao, Telangana’s IT minister, said in a tweet that the investment from Foxconn […]
Apple partner Foxconn to invest $500 million in India’s Telangana by Manish Singh originally published on TechCrunch
Cold-chain startup Figorr raises $1.5M, backs the roll out of data-driven perishables insurance
Oghenetega Lortim built Nigerian-based cold chain startup Figorr after imagining better means of storage and transportation of temperature-sensitive products, following the post-harvest losses from his fresh agro-produce venture. Figorr (previously Gricd) runs IoT-powered solutions that provide businesses, especially those in healthcare and agriculture, with key data such as location, humidity, and temperature of highly-perishable products, […]
Cold-chain startup Figorr raises $1.5M, backs the roll out of data-driven perishables insurance by Annie Njanja originally published on TechCrunch
Apple releases satellite-based emergency SOS feature in Australia and New Zealand
Apple made its emergency satellite communication features available to users in Australia and New Zealand on Monday. The company said that users with iPhone 14 in the region can contact emergency services and share their location with friends and family in places with no cellular or Wi-Fi connectivity. The iPhone maker announced the service with […]
Apple releases satellite-based emergency SOS feature in Australia and New Zealand by Ivan Mehta originally published on TechCrunch