This venture firm is backing out of India

TechCrunch Newsletter

By Christine Hall Tuesday, December 12, 2023

In today's top story, Manish exclusively learned that Omidyar Network, an impact venture firm backed by eBay founder Pierre Omidyar, decided to pull out of the India market. The details are still fuzzy, but from what is known, expect to see some Omidyar alums reunite and start their own fund. Read more. Next, WeRide is eager to get its autonomous vehicles in use outside of China. Rita writes that the company is testing its buses in Singapore. Get on board. Meanwhile, Mike reports on Spore.Bio, a company leveraging generative AI in a spectral device to detect bad microbes in food factories in real time. Take a bite. And for those of you headed to Las Vegas for CES 2024, the TechCrunch team wants to meet your startup. Image Credits: Getty Images

More top reads Lego + Fortnite: Who would have thought Fortnite's crowd would embrace Legos? Clearly Epic. Lego Fortnite's debut builds momentum with 2.4 million people playing at once. Read more. Speaking of Epic, the games maker wins its antitrust fight against Google. Such an original name: Adobe launches Spectrum 2, a new design system for all of its apps. Here's what's new. You've got to BeReal: BeReal wants to be your social media app for everything, so it's starting to look more like them. See the new features. Treat yo'self: Temu was the most-downloaded free iPhone app in the U.S. in 2023. Here's why. AI in everyday life: Durable cements $14 million to build AI-powered tools for small businesses in service industries. Read more. I've got the power: Here are three renewable energy breakthroughs that earned Fourth Power its $19 million Series A. Go inside. (TC+) Put a pin in it: Want to save that important message, image, location, etc.? WhatsApp now has a feature for that. Learn how it works. An AI bear hug: For developers embracing artificial intelligence, Laredo wants to use generative AI to automate developers' work. Read more. Curtain call: E3 has entertained its last electronic expo. Get the scoop. That + will get you perks: It pays to pay for services. Snapchat+ subscribers can now create and send AI-generated images. Read more. And get ready for Snapchat's end-of-year "Recap" to roll out beginning December 13. Even more for your Tuesday: Ukraine's largest mobile operator Kyivstar downed by 'powerful' cyberattack Microsoft's climate fund backs sustainable jet fuel company Dimensional Energy Bitcoin ATM company Coin Cloud got hacked. Even its new owners don't know how Deadmau5-founded startup Korus taps into AI for music creation Gig marketplace Jitjatjo raises $30M to grow into new markets Image Credits: Epic Games

On the pods This week’s episode of Found centers on James Wagoner, the co-founder and CEO of Joule Case, a startup that is creating a cleaner alternative to diesel generators. Wagoner talked about his journey to launching the company after the first company he, and his co-founder, started didn’t survive the 2008 financial crisis. He also talked about: Why they chose to raise money through equity crowdfunding and how that’s worked out for them. What it has been like building in this new environment for clean tech. How he and his co-founder have successfully worked together since meeting their freshman year of college. Listen here. Subscribe to Found to hear more stories from founders. New episodes drop every Tuesday. Read More Image Credits: Bryce Durbin

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Another top Amazon unit exec leaves

TechCrunch Newsletter

By Christine Hall Monday, December 11, 2023

In today's top story, Manish reports that Amazon loses a second AWS India and South Asia top executive. Vaishali Kasture was in the role for less than a year. Get the scoop. Meanwhile, venture capitalists continue to pour hundreds of millions into artificial intelligence. Romain covers Mistral AI's $415 million funding round that brings its valuation to $2 billion. The Paris-based company is an OpenAI rival working on foundational models. Read more. And Carly writes about another healthcare data breach. This time it involves U.S. healthcare giant Norton, which confirmed that hackers stole millions of patients' data during a ransomware attack. Learn more. Image Credits: Getty Images

More top reads TikTok duet: TikTok plans to invest $1.5 billion in GoTo's Indonesia e-commerce business. Meanwhile, the social media giant becomes the first non-game app to reach $10 billion in consumer spending. Can Tesla block resales?: The vehicle maker is definitely trying to in the form of a $50,000 threat to Cybertruck resellers. Read more. Who will reign supreme?: The U.S.–China tech war is heating up over electric vehicle battery dominance. Here's what's at stake. M&A: We've got two acquisitions for you today: Docker acquires AtomicJar, a testing startup that raised $25 million in January. And PwC is acquiring Surfaceink, the hardware designer that was once a close partner of Apple's. Your invitation is in the email: Arc browser launches its Windows client in beta. Check it out. Personnel party: After a yearlong search, Strava appoints YouTube exec Michael Martin as its new CEO. Meet Michael. Guess who's back? Back again: It's been a wild weekend for Beeper Mini. Late last week, Apple cut off the company, which was reverse-engineering iMessage for Android users. U.S. Senator Elizabeth Warren was paying attention and called out Apple for doing that. Well, today, Beeper Mini is back in operation. Getting a charge: Vammo, which just raised $30 million in new funding, aims to scale e-motorcycle battery swapping across Latin America. Read more. Everything in order: With regulation looming, Citrusx helps ensure AI models are in compliance. It is also now flush with $4.5 million. X marks the Spaces: Elon Musk says X is bringing video to Spaces soon. And guess who's been allowed back on X? Tumblr somersaults: Tumblr's parent says plans for a "fediverse" integration are still in the works. And that's not all. What's eating you?: I take a look at venture capital investment into the food tech industry. No surprises, there is still a decline. Revel in the rivalry: With Shein going public and Temu seeing massive revenue results, Alex says we should all be paying more attention to the Pinduoduo-Alibaba rivalry. Read more. (TC+) Weekend warriors you may have missed: The possibility of regulation hangs on the horizon over generative AI (TC+) SumUp taps €285M more in growth funding to weather the fintech storm Deal Dive: Making the clean energy transition, well, cleaner (TC+) Do you believe in job after job? (TC+) Image Credits: PATRICK T. FALLON/AFP via Getty Images

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On the pods Today on Equity, the end of tech earnings is in sight as Adobe and Oracle report this week. Elsewhere, Mistral raises again while the EU gets its regulatory plan in place for AI, TikTok loves e-commerce, and fintech is far from dead. Listen here. Read More Image Credits: Bryce Durbin

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