James Murdoch’s venture fund Bodhi Tree slashed its investment into Viacom18 to $528 million, down 70% from the committed $1.78 billion, the two said late Thursday as the global weakening economy hammers investors’ appetite. Neither Viacom18, a joint venture between Mukesh Ambani’s Reliance and Paramount Global, did not say why Bodhi Tree slashed its pledged […]
James Murdoch’s fund slashes investment in Reliance-backed Viacom18 by Manish Singh originally published on TechCrunch
European accelerators are going through an interesting time right now. For instance, TechStars Stockholm was all set to launch and then abruptly shut down. And I think it’s now commonly accepted that most accelerators outside of YCombinator can too be often ‘less than adequate’, to put it diplomatically. Perhaps an exception to this oft-repeated phrase, […]
500 Global spreads its wings across the Caucasus and Eastern Europe, via Tiblisi by Mike Butcher originally published on TechCrunch
China’s ride hailing giant Didi is back in public view after two years of staying low amid a regulatory crackdown. The SoftBank-backed company announced Friday at a company open day a series of product ambitions, including working with Chinese carmakers to deploy self-developed robotaxis to the public on a 24/7 basis by 2025, which will […]
China’s Didi to dispatch robotaxis 24/7 in 2025, announces trucking service by Rita Liao originally published on TechCrunch
Twitter has introduced a new feature that will let Blue subscribers post 10,000-character-long posts — as if the social network is trying to compete with a rival newsletter platform. Along with this, this Twitter has also added support for bold and italic text formatting. In February, the social network introduced 4,000-character-long tweets for Blue subscribers […]
Twitter introduces 10,000 character long tweets for Blue subscribers by Ivan Mehta originally published on TechCrunch
Washington’s Senate unanimously passed a bill this week that would make the state the first in the nation to grant ride-hail drivers the right to paid family and medical leave. The bill, HB 1570, builds on driver rights won in 2022’s Expand Fairness Act, which set a high statewide wage floor for drivers and established […]
Washington Uber and Lyft drivers win paid family and medical leave by Rebecca Bellan originally published on TechCrunch
California regulators are taking legal action against Tesla to force the company to comply with a state investigation into allegations of unlawful harassment of and discrimination against certain Black Tesla workers. The California Civil Rights Department (CRD) said Thursday it is seeking a court order that will run parallel to the state’s current lawsuit into […]
California seeks to force Tesla to comply with racial bias investigation by Rebecca Bellan originally published on TechCrunch
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Daily Crunch: Amazon’s new Bedrock cloud service lets developers incorporate generative AI by Christine Hall originally published on TechCrunch