Month: June 2023
11 VCs Reveal How Hard It Was For Their Startups To Raise Funds In H1 2023
[ad_1] everyone knows that Raising venture capital has been harder for startups of late: unless you’re building an AI startup, of course. But instead of just talking to the founders, today we’re flipping the script. We wanted to hear from investors how their portcos are handling a cash-strapped environment. To that end, TechCrunch+ recently asked…
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VW subsidiary Electrify America to add Tesla connectors to electric vehicle charging network
[ad_1] Electrify America has become the latest company to align with Tesla’s EV charging standard. The company, which was created as part of a settlement over Volkswagen’s diesel emissions scandal, said on Thursday it will add the North American Charging Standard (NACS) connector for Electrify America and Electrify Canada fast charging networks by 2025. Electrify…
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Batteries outpace oil and gas as AI startup pivots toward exploration for critical minerals
[ad_1] there has been a lot to talk about how the energy transition it could cost jobs in key sectors of the economy like oil and gas. But what often goes unmentioned is the number of jobs that could be gained in the process. Take a Canadian startup as an example. geological AI it began…
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Halo Car Launches Remotely Piloted Rental Car Deliveries in Las Vegas
[ad_1] Halo Car, a startup that uses remote operators to deliver rental cars to a customer’s doorstep, has launched driverless operations in Las Vegas. Driverless operations mean something different to Halo than they do to autonomous vehicle companies like Cruise either waymo because Halo vehicles are not capable of driving themselves. The startup’s fleet is…
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Meta expects recommendation models ‘orders of magnitude’ larger than GPT-4. Because?
[ad_1] Meta made a remarkable claim in an announcement released today intended to shed more light on its content recommendation algorithms. It is preparing for behavior analysis systems “orders of magnitude” larger than the largest big language models out there, including ChatGPT and GPT-4. Is that really necessary? From time to time, Meta decides to…
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India start-up funding falls 68% after Tiger and SoftBank cut virtually no deals
[ad_1] Several high-flying Indian startups, including Byju’s, Swiggy and PharmEasy, have seen their valuations drastically lower. Experienced Indian Startups a significant contraction in funding in the first half of 2023, revealing the knock-on effect of broader public market instability on young companies in emerging regions. In the first six months of 2023, Indian startups raised…
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Spire and OroraTech to launch a fleet of wildfire monitoring satellites
[ad_1] The past few wildfire seasons in the United States and Canada have been some of the most memorable and dangerous on record. But despite the billions of dollars each government invests in fighting fires, first responders still need real-time wildfire detection and monitoring data. Enter Spire Global and OroraTech. Today, the two companies announced…
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DoorDash offers an hourly rate to delivery drivers, but there’s a catch
[ad_1] DoorDash will give delivery workers the option to be paid a guaranteed minimum hourly rate instead of being paid per delivery, the company said Wednesday. The new option, a first for the guest worker industry, comes as DoorDash and other independent app-based companies like Lyft and Uber will have to provide New York City…
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TuSimple can sell US businesses while drawing attention to Asia
[ad_1] Autonomous truck developer TuSimple may sell its US business, the company said in a regulatory filing on Wednesday. TuSimple, which is about to being delisted from the Nasdaq stock market for missing two quarterly reports, said it is exploring strategic alternatives for its business in the United States, including a possible sale. The company…
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Visa acquires Brazilian fintech startup Pismo in $1 billion blockbuster deal
[ad_1] Want more fintech news in your inbox? Register here. Credit card giant Visa acquires Brazilian payments infrastructure startup pismo for $1 billion in cash in what is likely to be one of the largest fintech M&A deals to take place this year so far. Founded in 2016 by Juliana Motta (CPO), Ricardo Josua (CEO),…
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