Author: TechCrunch News

Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market. General Atlantic is in talks to lead a $120 million round into Acko, the first tranche of which is about $100 million,…

Amazon now allows T-mobile customers to link their mobile numbers and make or receive hands-free Wi-Fi calls through Alexa-enabled devices like Echo Dot or Echo Show. This comes more than two years after the ecommerce giant partnered up with AT&T for a similar feature. Customers will need to enable the T-Mobile with Alexa skill from…

As of this writing, more than 1,100 signatories, including Elon Musk, Steve Wozniak, and Tristan Harris of the Center for Humane Technology, have signed an open letter that calls on “all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4.” Says the letter: Contemporary AI…

A consortium led by Lifelong Group has acquired the distressed firm GoMechanic months after the Sequoia India-backed startup admitted “grave errors” in financial reporting. The New Delhi-headquartered Lifelong Group, which serves several major players in the automotive industry including Hero and General Motors, said it won the bidding to acquire GoMechanic, whose investors scrambled for…

UPDATE: This article has been updated with compensation package information for Green, Zimmer and Risher. Lyft co-founders, CEO Logan Green and president John Zimmer, are stepping down from their roles by mid-April, the company said Wednesday. They will serve as chair and vice chair of Lyft’s board, respectively. David Risher, a former retail executive at…