Waymo’s self-driving cars will be available on Uber’s app, starting in Phoenix

May 23, 2023

Waymo, Alphabet’s self-driving unit, has agreed to a multi-year strategic partnership with Uber that will see some of Waymo’s autonomous vehicle technology join Uber’s platform. The collaboration comes a few weeks after Waymo’s chief product officer Saswat Panigrahi said the company aims to increase ridership tenfold by next summer. By partnering with an existing ride-hail […]

Waymo’s self-driving cars will be available on Uber’s app, starting in Phoenix by Rebecca Bellan originally published on TechCrunch

Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M

May 23, 2023

Meta has finally found a willing buyer for Giphy, the animate GIF search engine it acquired for $400 million three years ago. The move comes some seven months after the U.K.’s antitrust authority issued a final order for Meta to sell Giphy, on the grounds that the merger reduced dynamic competition. This is breaking, refresh […]

Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M by Paul Sawers originally published on TechCrunch

Adobe brings Firefly’s generative AI to Photoshop

May 23, 2023

Photoshop is getting an infusion of generative AI today with the addition of a number of Firefly-based features that will allow users to extend images beyond their borders with Firefly-generated backgrounds, use generative AI to add objects to images and use a new generative fill feature to remove objects with far more precision than the […]

Adobe brings Firefly’s generative AI to Photoshop by Frederic Lardinois originally published on TechCrunch

Sequoia India’s Surge backs AI-powered video creation platform Gan.ai in $5.2M funding

May 23, 2023

As many as 91% of consumers want to see more videos from brands, according to a recent survey by the startup Wyzowl, which says it surveyed more than 500 respondents. Google meanwhile reported in 2019 that 55% of consumers use videos in their purchasing decisions. Though the data may be in both companies’ self-interest – Wyzowl […]

Sequoia India’s Surge backs AI-powered video creation platform Gan.ai in $5.2M funding by Kate Park originally published on TechCrunch

Suddenly, everyone wants to talk about how to regulate AI

May 23, 2023
This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. It feels as though a switch has turned on in AI policy. For years, US legislators and American tech companies were reluctant to introduce—if not outright against—strict technology regulation. Now both have…

E3 Capital and Lion’s Head climate fund hits first close at $48M to back African startups

May 23, 2023

The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund by early-stage VC E3 Capital (formerly Energy Access Ventures), and emerging markets-focused investment bank Lion’s Head Global Partners, has hit the first close at $48.1 million. The E3LCEF limited partners include FMO, the Dutch entrepreneurial development bank; Swedfund International AB, the Swedish development finance […]

E3 Capital and Lion’s Head climate fund hits first close at $48M to back African startups by Annie Njanja originally published on TechCrunch

South African challenger bank TymeBank raises $77.8M from Norrsken22 and Blue Earth Capital

May 23, 2023

South African digital banking platform TymeBank has raised $77.8 million in a pre-Series C round led by African-focused growth stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital. TymeBank expects to close its Series C round later this year, it said in a statement. Tencent, the lead investor in the fintech’s $70 […]

South African challenger bank TymeBank raises $77.8M from Norrsken22 and Blue Earth Capital by Tage Kene-Okafor originally published on TechCrunch