NopeaRide, Kenya’s first EV taxi service, shuts down

November 29, 2022

Kenya’s first fully electric taxi service, NopeaRide, is exiting the market after its parent company EkoRent OY failed to raise additional funding to keep it afloat. In a statement, NopeaRide said EkoRent Africa, the local subsidiary of the Finnish company, has filed for insolvency in Kenya, bringing to an end the operations of the all-electric […]

NopeaRide, Kenya’s first EV taxi service, shuts down by Annie Njanja originally published on TechCrunch

Deepgram lands new cash to grow its enterprise voice-recognition business

November 29, 2022

Deepgram, a company developing voice-recognition tech for the enterprise, today raised $47 million in new funding led by Madrona Venture Group with participation from Citi Ventures and Alkeon. An extension of Deepgram’s Series B that kicked off in February 2021, led by Tiger Global, it brings the startup’s total raised to $86 million, which CEO […]

Deepgram lands new cash to grow its enterprise voice-recognition business by Kyle Wiggers originally published on TechCrunch

UK confirms removal of Online Safety Bill’s ‘legal but harmful’ clause

November 29, 2022

The UK government has completed a major revision to controversial but populist online safety legislation that’s been in the works for years — and was finally introduced to parliament earlier this year — but has been paused since this summer following turmoil in the governing Conservative Party. In September, new secretary of state for digital, Michelle Donelan, […]

UK confirms removal of Online Safety Bill’s ‘legal but harmful’ clause by Natasha Lomas originally published on TechCrunch

The AI myth Western lawmakers get wrong

November 29, 2022
This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. While the US and the EU may differ on how to regulate tech, their lawmakers seem to agree on one thing: the West needs to ban AI-powered social scoring. As they understand it, social…

India to pilot retail digital currency on December 1

November 29, 2022

India will undertake the first pilot for retail digital currency on December 1, the central bank said Tuesday, extending the test to evaluate the creation and distribution of the digital currency in the South Asian market with a closed group of customers and merchants a month after it began evaluating the CBDC for the wholesale […]

India to pilot retail digital currency on December 1 by Manish Singh originally published on TechCrunch

It’s a little late to be talking about red flags in venture investing?

November 29, 2022

Earlier today, renowned VC Bill Gurley put together a list of the many “red flags” that VCs should have paid closer attention to when funding FTX, suggesting in a tweet that this summary of warning signs might help keep VCs “out of the investor hurt locker” going forward. Gurley includes such no-nos as “unique financial […]

It’s a little late to be talking about red flags in venture investing? by Connie Loizos originally published on TechCrunch

Apple announces winners of the App Store Awards for 2022

November 29, 2022

Today, Apple announced its list of App Store award winners for this year along with the top chart for most downloaded apps and games across free and paid categories. These awards include apps for all of the company’s platforms including the iPhone, iPad, Apple Watch, Mac, and Apple TV. For 2022, the social network app […]

Apple announces winners of the App Store Awards for 2022 by Ivan Mehta originally published on TechCrunch

CRED acquires CreditVidya

November 29, 2022

CRED is acquiring CreditVidya, a SaaS startup that helps firms underwrite first-time borrowers, in the latest of a series of investments from the Bengaluru-headquartered fintech as it broadens its infrastructure and offerings. The firms did not disclose the terms of the deal. The 10-year-old CreditVidya — headquartered in Hyderabad and backed by Navroz Udwadia, Kalaari […]

CRED acquires CreditVidya by Manish Singh originally published on TechCrunch