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Instant bank payments startup Ivy secured $7.7M in Seed round led by Creandum
Ivy, an API for instant bank payments, has secured €7 million ($7.7 million) in a seed investment round led by European VC Creandum. Payment and transaction fees can rack-up because of card networks, gateways and wallets that are all involved … Continue reading
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China’s search engine pioneer unveils open-source large language model to rival OpenAI
In February, Sogou founder Wang Xiaochuan said on Weibo that “China needs its own OpenAI.” The Chinese entrepreneur is now inching closer to his dream as his nascent startup Baichuan Intelligence rolled out its next-generation large language model Baichuan-13B today. … Continue reading
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Feels like you missed the generative AI train? 5 steps for speeding ahead in 90 days
Will Poole Contributor Share on Twitter Will Poole is a six-time serial entrepreneur and global investor focused on creating massively scalable tech-forward solutions meeting the needs of the rising middle class in the Global South (Latin America, Africa, India, and … Continue reading
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Raft, which services freight forwarders, closes $30M Series B led by Eight Roads VC
During the pandemic, the digitisation of the freight industry took off like a rocket, and stayed that way. To date, Forto has raised almost $600 million, Nuvocargo $75 million, Zencargo $66 million, and Freightify $14.5 million. All are associated with … Continue reading
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Outverse wants to build a full-stack community platform for software companies
Building and harnessing online communities has been a major driving force behind some of the world’s largest platforms, from Stripe and Slack to Figma and Notion. At the heart of the community-building ethos lies a strategy known as product-led growth (PLG), … Continue reading
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Apple launches an online store on China’s WeChat app
Apple has launched an online store on China’s WeChat app, the Tencent-owned platform said on Tuesday. The Cupertino-based company has launched the store to the app via WeChat’s mini-programs — small-sized apps hosted on WeChat that feature e-commerce, financial service, … Continue reading
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Foxconn seeks India incentive despite withdrawing from Vedanta venture
Foxconn said on Tuesday it plans to submit an application to access incentives under India’s semiconductor manufacturing policy even as the Taiwanese giant has pulled out of the nation’s flagship $19.5 billion joint venture with local conglomerate Vedanta. “Foxconn is … Continue reading
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Amazon readies TV series on Indian startups
Amazon is looking to debut a TV show in India that will look to identify promising startups in the South Asian market, people familiar with the matter said. The Prime Video show, to be unveiled as early as Wednesday, has … Continue reading
Flexport’s Ryan Petersen joins venture firm Founders Fund as a partner
Flexport founder Ryan Petersen has joined venture capital firm Founders Fund as a partner, as reported by Forbes earlier today. Founders Fund confirmed the move to TechCrunch, providing the following statement from General Partner Trae Stephens: “We’ve always struggled to … Continue reading
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Max Q: Astra Spacecraft Engines, Inc.
Hello and welcome back to Max Q! I hope everyone had a wonderful July 4. In this issue: Astra’s corporate reorganization News from Pulsar Fusion and more Astra establishes subsidiary for spacecraft engine business Astra is carving out its spacecraft engine business … Continue reading