Tag Archives: TechCrunch

Artificial intelligence – or rather, the variety based on large language models we’re currently enthralled with – is already in the autumn of its hype cycle, but unlike crypto, it won’t just disappear into the murky, undignified corners of the … Continue reading →

Each fund is $212.5 million and will invest in pre-seed, seed and Series A companies across consumer enterprise, healthcare, financial, biotech and climate. © 2023 TechCrunch. All rights reserved. For personal use only.

Microsoft says it has successfully dismantled the infrastructure of a cybercrime operation that sold access to fraudulent Outlook accounts to other hackers, including the notorious Scattered Spider gang. The group, tracked by Microsoft as “Storm-1152”, is described as a major … Continue reading →

The new fund invests across the computing, automation, infrastructure, logistics, decarbonization and engineered biology industries. © 2023 TechCrunch. All rights reserved. For personal use only.

For a VC firm, the second fund is a make-or-break moment. With the initial fund, you raise money based on an investment thesis because you don’t have any track record, any return on investment to prove that you’re a capable … Continue reading →

Five months after its launch in July, Meta’s social network Threads is now finally available to people living in the European Union. In a post on Threads, Mark Zuckerberg announced that Meta is opening up Threads to more countries in … Continue reading →

Instagram introduced its generative AI-powered background editing tool to U.S.-based users Wednesday. Meta’s lead for generative AI Ahmad Al-Dahle posted on Threads saying that the tool will let users change the background to their images through prompts for Stories. When … Continue reading →

Qogita – a two-sided ecommerce wholesale marketplace aimed at retailers largely in the health and beauty sectors – has raised €80 million ($86 million) in a Series B round led by London’s Dawn Capital and Accel. The company plans to use … Continue reading →

The investment arm of the UK retail bank M&G has led a funding of $340 million into Udaan, a business-to-business e-commerce startup, in one of the largest financing rounds secured by an Indian startup in 2023. The Bengaluru-headquartered startup, which … Continue reading →

Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. The company said its food delivery business is not aligned with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including … Continue reading →