The tech-wide reckoning that began in 2022 and ran throughout into 2023 has continued into this year. And while 2024’s losses are not at that scale, they’re still significant, driven by big names like Pixar, Google, Microsoft, Mozilla and TikTok. It remains to be seen if this year’s layoff trends follow last year’s, in which layoffs […]
CONTINUE READING
Today on Equity, Tesla cuts staff, and OpenAI has plans for an office in Tokyo along with a new GPT-4 model for the Japanese language.
Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and broking business in India, the two firms said Monday. The announcement follows BlackRock and Jio Financial launching a joint venture last year to offer asset management services in India. […]
Social media startup ShareChat’s valuation has cratered below $2 billion from nearly $5 billion in a new funding round.
Since 2015, Pula, an insurtech based in Kenya, has been keen on enhancing the access to agricultural insurance by small-holder farmers across emerging markets, shielding them against losses from pests, diseases and/or extreme weather events like floods and droughts. So far, the insurtech has supported 15.4 million farmers in Africa, Asia and Latin America to […]
Welcome to TechCrunch Fintech! This week, we’re looking at how two fintech companies serving the underserved are faring, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here. The big story PayJoy is an example of a company with […]
Windfall Bio sells methane-eating microbes to companies to help them reduce their carbon footprint in the short-term.
Akamai Technologies is in advanced acquisition talks with Noname Security, an API cybersecurity startup, according to a people person familiar with the deal.
In March, just as Bitcoin reached an all-time high price, the NFT market lagged behind. Monthly sales volumes for NFTs totaled approximately $1.4 billion, a steep drop from a high of about $6 billion in January 2022, according to data from CryptoSlam. Yat Siu, chairman of Animoca Brands, one the biggest investors in Web3 startups, isn’t worried. In an interview with Decrypt during Paris Blockchain Week, Siu said that he’s still invested—literally and figuratively—in the future of NFTs and the me...
When it comes to news items that we love at TechCrunch, IPOs rank pretty darn high. Another great newsy bit that comes along less frequently than we’d like is a startup buying another startup. These deals are often very interesting as they either bring a gob of talent or technology to an already growing company, […]
