Axmed raises $2M from Founderful to streamline drug supply chains in underserved markets
The seed funding follows a $5M grant the startup got from the Gates Foundation to make maternal and child healthcare available in high-priority countries.
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https://techcrunch.com/2024/05/08/axmed-gets-founderful-backing/
Xona Space Systems closes $19M Series A to build out ultra-accurate GPS alternative
For decades, the Global Positioning System (GPS) has maintained a de facto monopoly on positioning, navigation and timing, because it’s cheap and already integrated into billions of devices around the...
FTX crypto fraud victims to get their money back — plus interest
Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago, say that the vast majority of victims will receive their money back — plus intere...
https://techcrunch.com/2024/05/08/ftx-crypto-fraud-victims-to-get-their-money-back-plus-interest/
Google Wallet is now available in India
Google Wallet has debuted in India as the company’s digital wallet for non-payment use cases — two years after it was launched in the U.S.
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Bluesky to add DMs, video support and in-app custom feed curation
The social network said it is planning to introduce direct messages, support for videos, improved custom feeds, and new moderation controls.
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https://techcrunch.com/2024/05/08/bluesky-to-add-dms-video-support-and-in-app-custom-feed-curation/
Ofcom to push for better age verification, filters and 40 other checks in new online child safety code
Ofcom is cracking down on Instagram, YouTube and 150,000 other web services to improve child safety online. A new Children’s Safety Code from the U.K. Internet regulator will push tech firms to run be...
https://techcrunch.com/2024/05/07/ofcom-draft-childrens-safety-code/
Samsung Medison to acquire French AI ultrasound startup Sonio for $92.7M
The French startup's AI assistant is aimed at helping obstetricians and gynecologists with the evaluation and documentation of ultrasound exams.
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NBA champion Kyle Kuzma looks to bring his team mentality to Scrum Ventures
Kyle Kuzma is a lot of things. He’s a forward for the Washington Wizards NBA team and a 2020 NBA champion. He’s also a style icon — depending on who you ask — and an angel investor. Now he’s an advise...
After a $20M Series A funding, Germany’s Insempra plans eco-friendly lipid production
Insempra plans to turn oil yeast in lipids on an industrial scale using yeast fermentation factories.
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Tesla is Luminar’s largest lidar customer
Tesla CEO Elon Musk has said that lidar sensors are a “crutch” for autonomous vehicles. But his company has bought so many from Luminar that Tesla is now the lidar-maker’s top customer. Tesla accounte...
https://techcrunch.com/2024/05/07/tesla-is-luminars-largest-lidar-customer/
Brandywine Realty Trust says data stolen in ransomware attack
U.S. realty trust giant Brandywine Realty Trust has confirmed a cyberattack that resulted in the theft of data from its network. In a filing with regulators on Tuesday, the Philadelphia-based Brandywi...
https://techcrunch.com/2024/05/07/brandywine-realty-trust-cyberattack/
Meta’s AI tools for advertisers can now create full new images, not just new backgrounds
Meta claims that it has strong guardrails in place to prevent its system from generating inappropriate ad content or low-quality images.
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Rivian loses $1.45 billion as cost-cutting measures continue
Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion ...
https://techcrunch.com/2024/05/07/rivian-q1-2024-earnings-results-profit/
Bloom is reinventing how e-bikes are made in the US
The pandemic ushered in an e-bike boom. But like so many other pandemic trends, that boom didn’t last. The last year has seen e-bike startups VanMoof and Cake file for bankruptcy amid a backdrop of mi...
https://techcrunch.com/2024/05/07/bloom-is-reinventing-how-e-bikes-are-made-in-the-us/
Biden signs bill to protect children from online sexual abuse and exploitation
On April 29, Senators Jon Ossoff (D-GA) and Marsha Blackburn (R-SC) proposed a bipartisan bill to protect children from online sexual exploitation. President Biden officially signed the REPORT Act int...
NYT Games launches a Wordle archive with access to more than 1,000 past puzzles
The New York Times Games announced on Tuesday that it’s launching a Wordle archive, offering subscribers access to more than 1,000 past Wordle puzzles. The company has started rolling out the Wordle a...
https://techcrunch.com/2024/05/07/nyt-games-wordle-archive-access-1000-past-puzzles/
A comprehensive list of 2024 tech layoffs
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independe...
Crypto? AI? Internet co-creator Robert Kahn already did it… decades ago
Robert Kahn has been a consistent presence on the Internet since its creation — obviously, since he was its co-creator. But like many tech pioneers his resumé is longer than that and in fact his work ...
Bedrock Studio is Amazon’s attempt to simplify generative AI app development
Amazon is launching a new tool, Bedrock Studio, designed to let organizations experiment with generative AI models, collaborate on those models, and ultimately build generative AI-powered apps. Availa...
Jumia is back, growing total sales and orders in Q1 2024
Jumia, an African e-tailer, attributes this growth to continued improvements in its supply and product assortment.
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https://techcrunch.com/2024/05/07/jumia-is-back-growing-total-sales-and-orders-in-q1-2024/