TechCrunch Industry News
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Oracle launches its ‘sovereign cloud’ for EU customers
Oracle is formally launching its “EU Sovereign cloud” for customers in the European Union (EU) today, nearly a year after firs revealing plans for the initiative. So-called “digital sovereignty” has emerged as a critical issue for companies operating across the EU. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Mercedes is adding ChatGPT to its infotainment system, for some reason
Mercedes owners in the U.S. will soon add a new luxury to their already luxurious vehicles: ChatGPT. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Twitter competitor Spill launches in beta on iOS
From a team of ex-Twitter employees, the new social platform Spill launched in an invite-only beta on the App Store. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feds catch another LockBit hacker, Justice Department announces
The Justice Department has arrested and charged a Russian national for his alleged role in multiple LockBit ransomware attacks against victims in the U.S. and around the world. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Amazon’s $1.7B iRobot acquisition greenlighted by UK antitrust regulator
The U.K.’s antitrust regulator has given the go-ahead to Amazon’s proposed billion-dollar iRobot acquisition, concluding that the deal “would not lead to competition concerns in the U.K.” Learn more about your ad choices. Visit podcastchoices.com/adchoices
BYD is overtaking Tesla, but its EV dream skips the US for now
A Chinese electric vehicle brand that’s rarely spotted in the U.S. is quickly catching up to Tesla’s dominance of the global EV market. BYD, which started in Shenzhen 28 years ago, delivered 547,917 passenger EVs, including hybrids, a category it’s known for, in the first quarter of 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ransomware gang lists first victims of MOVEit mass-hacks, including US banks and universities
Clop, the ransomware gang responsible for exploiting a critical security vulnerability in a popular corporate file transfer tool, has begun listing victims of the mass-hacks, including a number of U.S. banks and universities. The Russia-linked ransomware gang has been exploiting the security flaw in MOVEit Transfer, a tool used by corporations and enterprises to share. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Uber leads $20M round in India’s Everest Fleet for EV expansion
Uber has led a $20 million round into Everest Fleet, a Mumbai-based fleet management company that boasts over 10,000 vehicles running on rideshare platforms Uber and Ola throughout India. The company will use the funds to accelerate its transition to electric vehicles, with a goal of having 10,000 EVs in its fleet by 2026. Learn more about your ad choices. Visit podcastchoices.com/adchoices
EV laggard Toyota says its next-gen EVs will have over 600 miles range
Toyota plans to introduce a high-performance lithium-ion battery to its next-generation electric vehicles by 2026, part of the automaker’s new technology roadmap revealed Tuesday. The batteries will deliver quicker charging and around 620 miles (1,000 kilometers) of range, which would put Toyota’s vehicles ahead of the competition. Toyota has historically trailed behind other major automakers. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Striveworks snaps up first funding of $33M to build tools for machine learning operations
MLOps, or DevOps for those working with machine learning models, has seen a boom of interest in the last year, and that should come as no surprise. Learn more about your ad choices. Visit podcastchoices.com/adchoices
US intelligence confirms it buys Americans’ personal data
A newly declassified government report confirms for the first time that U.S. intelligence and spy agencies purchase vast amounts of commercially available information on Americans, including data from connected vehicles, web browsing data, and smartphones. Learn more about your ad choices. Visit podcastchoices.com/adchoices
London lures a16z’s first international office with ‘predictable’ crypto regs
US VC giant Andreessen Horowitz — which has about $35bn in assets under management — is to open its first (yes, the first) international office in London, led by one of the firm’s general partners, Sriram Krishnan. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Barracuda urges customers to remove and replace vulnerable hardware exploited by hackers
Barracuda Networks has told customers they must replace vulnerable email gateway appliances following the disclosure of a critical security flaw. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Nasdaq to acquire financial services software company Adenza from Thoma Bravo for $10.5B
Nasdaq today revealed that it’s doling out $10.5 billion to acquire Adenza, a company that develops risk-management and related regulatory software for the financial services market. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Meta to appeal court ruling declaring content moderatos as its employees
Meta is set to appeal Kenya’s court decision declaring it as the primary employer of the moderators that review content on its platforms in sub-Saharan Africa. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Adobe brings Firefly to the enterprise
Adobe today announced that it is bringing its Firefly generative image generator to its enterprise customers and allowing them to customize the model with their own branded assets. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Uber is taking its car-sharing service to North America
Uber plans to bring peer-to-peer car sharing to North America, starting with Toronto and Boston, the company said Thursday at its Go-Get product event in London. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Automattic launches an AI writing assistant for WordPress
Automattic, the company behind WordPress.com and the main contributor to the open-source WordPress project, launched an AI assistant for the popular content management system on Tuesday. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Blush, the AI lover from the same team as Replika, is more than just a sexbot
The team behind the AI friendship bot Replika is launching another AI companion — one that’s made to flirt. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Apple Vision Pro: Here’s everything you need to know
At its annual WWDC 2023 conference, Apple took the wraps off of the Vision Pro, its long-rumored augmented reality (AR) headset. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Byju’s files suit challenging acceleration of $1.2B loan, seeks to disqualify Redwood for ‘predatory’ tactics
Indian edtech giant Byju’s has filed a complaint in the New York Supreme Court to challenge the acceleration of the $1.2 billion term loan B and to disqualify Redwood, who it alleges has conducted a series of predatory tactics. Learn more about your ad choices. Visit podcastchoices.com/adchoices
As Deeptech and AI explodes, European Deeptech VC IQ Capital closes new $200M fund
European Deeptech startups get another shot in the arm this week in the shape of IQ Capital’s new $200m venture fund. The new fund takes its assets under management to more than $1bn. Learn more about your ad choices. Visit podcastchoices.com/adchoices
YouTube rolls back its rules against election misinformation
YouTube was the slowest major platform to disallow misinformation during the 2020 U.S. election and almost three years later, the company will toss that policy out altogether. Learn more about your ad choices. Visit podcastchoices.com/adchoices
NestAway, once valued at over $225 million, sells for $11 million
PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Shopify’s Shop app introduces a new ‘Shop Cash’ rewards program
Shopify’s Shop app is introducing a new rewards program called Shop Cash, the e-commerce platform announced on Friday. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Enzo Biochem says ransomware attack exposed clinical test data of 2.5 million patients
Enzo Biochem, a New York-based biotechnology company, has confirmed that a ransomware attack exposed the clinical test information of almost 2.5 million patients. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Legal tech firm Casepoint investigates breach after hackers claim theft of government data
Casepoint says it’s investigating a potential cybersecurity incident after hackers claimed to have compromised the legal technology platform to steal terabytes of sensitive data. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Flighty’s tool will help you connect with fellow WWDC attendees
Apple’s Worldwide Developer Conference (WWDC) is now just less than a week away. Many developer communities are already organizing watch parties across the world. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Volvo’s new small EV tries to optimize space with Scandinavian design
Volvo is continuing to drip-feed more information about its upcoming electric Volvo EX30 small SUV. Last week the automaker promised the new EV would have the smallest carbon footprint of any previously made Volvo vehicle. Learn more about your ad choices. Visit podcastchoices.com/adchoices
OpenAI’s ChatGPT iOS app now available in Canada, India, Brazil and 30 more countries
OpenAI has expanded the availability of its ChatGPT app for iOS users in India and 32 other countries — just a week after its launching it in the U.S. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Bernstein pegs Reliance as India’s eventual e-commerce kingpin
The Indian conglomerate Reliance is poised to outpace Amazon and Walmart-backed Flipkart in the race for the country’s $150 billion e-commerce market Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ford to bring Tesla’s charging tech into its future EVs
Ford has reached an agreement with rival Tesla that will give owners of Ford’s EVs access to more than 12,000 Superchargers across the U.S. and Canada. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Applied Intuition to buy autonomous trucking SPAC Embark for $71M
Embark Trucks, the autonomous trucking company that recently cut 70% of its workforce, is being acquired by Applied Intuition, a simulation and software provider for autonomous vehicle development. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ambani’s Reliance targets Indian fashion e-commerce with low-cost model
Reliance Industries, run by India’s richest man Mukesh Ambani, is gearing up to deploy a winning strategy from its past playbook for the fashion market: low-cost products. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Elon Musk says Tesla might ‘open source more code’ to other automakers
Elon Musk suggested Thursday during a Twitter Spaces with Ford CEO Jim Farley that Tesla might open up some of its automotive operating system code to other automakers. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Arc browser’s new tool lets you remove some elements from a website
The Browser Company, the company behind the web browser Arc, introduced a fun new tool today called Boosts. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The official ChatGPT app is now available in 11 more countries
OpenAI has announced in a tweet that the official ChatGPT mobile app is now available in more countries. Learn more about your ad choices. Visit podcastchoices.com/adchoices
SoundCloud lays off 8% of staff as it aims to reach profitability this year
Music streaming platform SoundCloud has laid off 8% of its staff according to multiple reports. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Figure raises $70M to build its humanoid robots
I spent a bit of time at Figure’s Sunnyvale offices during a recent visit to the South Bay. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Proton launches family subscription plan for privacy app suite starting at $20 per month
Privacy-centric software maker Proton has launched a new family plan starting at $19.99 (€19.99) per month, giving up to six family members access to its entire application suite. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Former Apple engineer’s Mimestream app is a nifty Gmail client for Mac
Former Apple engineer Neil Jhaveri has been working on an email app for Mac called Mimestream. It is now out of beta after a long test phase of more than two years. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Meta ordered to suspend Facebook EU data flows as it’s hit with €1.2BN privacy fine
It’s finally happened: Meta, the company formerly known as Facebook, has been hit with a formal suspension order requiring it to stop exporting European Union user data to the US for processing. Learn more about your ad choices. Visit podcastchoices.com/adchoices
China bans Micron chips in key infrastructure over ‘national security’ risks
China has banned some sales of Micron products after launching a probe into the American memory chip giant for cybersecurity risks in early April. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Restaurant365 gobbles up $135M to supersize its software for the food service industry
The price of food continues to go up and up, but surprisingly that hasn’t (yet?) played out as pressure on the wider restaurant industry. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Apple releases iOS 16.5 with a new sports tab in Apple News
Apple released iOS 16.5 Thursday to all users with a new sports tab in the Apple News app. The tab acts as a hub for scores, match schedules, and articles for your favorite sports teams. Learn more about your ad choices. Visit podcastchoices.com/adchoices
FTC says popular fertility tracking app Premom shared sensitive data with Chinese analytics firms
A popular fertility tracking app shared users’ sensitive health information with third-party advertisers without their consent, a new Federal Trade Commission complaint alleges. Learn more about your ad choices. Visit podcastchoices.com/adchoices
1Password’s new service lets businesses quickly adopt passkeys
Password manager 1Password today launched a new service, Passage by 1Password, that’s designed to allow businesses to build passkey authentication into their apps and websites without having to maintain their own security infrastructure. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Disney+ changes up its release model, plans to launch all ‘Echo’ episodes at once
President of Marvel Studios Kevin Fiege took to the Disney Upfront stage Tuesday to announce that Marvel’s new Disney+ show, “Echo,” is getting a binge release– a first for an MCU series. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Amazon undercuts the Echo Dot with the $40 Echo Pop
You know the old saying: If you don’t like Amazon Echo’s form factors, just wait a few minutes. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Youth mental health startup Somethings launches with a $3.2M raise led by General Catalyst
When he was 10 years old, Patrick Gilligan’s childhood struggle with food began. Learn more about your ad choices. Visit podcastchoices.com/adchoices