True to its business concept, Turkey’s “instant delivery” juggernaut Getir rose quickly. Now, with the quick commerce industry in free fall, it is nosediving just as fast. On Monday, the company — once valued close to $12 billion — announced it would shut down its operations the U.S., the U.K. and Europe to focus solely […]
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Ola has let go its chief executive officer Hemant Bakshi, merely four months after making the appointment, and is cutting about 180 jobs, a source familiar with the matter told TechCrunch. The move from the Indian ride-hailing startup is aimed at “improving profitability,” its founder Bhavish Aggarwal told employees in an email Monday seen by […]
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Federal safety regulators have opened an investigation into Ford’s hands-free driver assistance system, BlueCruise, after it was active during two recent crashes into stationary vehicles that killed multiple people. The National Highway Traffic Safety Administration’s Office of Defects Investigation (ODI) said Monday that it has confirmed BlueCruise was active in both crashes. One took place […]
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The European Union will apply its flagship market fairness and contestability rules to Apple’s iPadOS, the Commission announced today — expanding the number of Apple-owned platforms regulated under the Digital Markets Act (DMA) to four and amping up regulatory risk for the tech giant by bringing its tablet ecosystem in scope. Apple has six months […]
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OpenAI, maker of the viral AI chatbot ChatGPT, has netted another news licensing deal in Europe, adding London’s Financial Times to a growing list of publishers it’s paying for content access. As with earlier OpenAI’s publisher licensing deals, financial terms of the arrangement are not being made public. The latest deal looks a touch cozier […]
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Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity investment. The startup’s latest investment is from African Renaissance Partners, an East African venture capital firm; Endgame Capital, an investor with a bias for technologies around climate change; and King Philanthropies, a climate and extreme poverty investor. The […]
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