Tag: Startup

Microsoft has reaffirmed its ban on U.S. police departments from using generative AI for facial recognition through Azure OpenAI Service, the company’s fully managed, enterprise-focused wrapper around OpenAI tech. Language added Wednesday to the terms of service for Azure OpenAI Service more clearly prohibits integrations with Azure OpenAI Service from being used “by or for”…

In a new filing, Google is pushing back against Fortnite maker Epic Games’ numerous proposed remedies after a court determined Google engaged in anticompetitive practices on its Play Store. Following the jury’s decision late last year, the two sides pled their cases about how Google should have to change its behavior in light of the…

Share to FacebookShare to TwitterShare to LinkedinTopline Amazon founder and chairman Jeff Bezos, who has an estimated net worth of $199.6 billion, is once again the second-wealthiest person in the world as of Thursday, overtaking Tesla CEO Elon Musk, who has an estimated net worth of $197.4 billion, and marking the second switch of the…

The downturn in venture capital funding has impacted startups, VC firms, and accelerators alike. One company in the final category, Techstars, has been shaking up its operations for some time now, leading to a number of departures. TechCrunch got curious about what happened, so we dove deep into exactly how it all went down. We…

Digital fraud detection company BioCatch has a new majority shareholder: U.K-based private equity firm, Permira, is acquiring shares in the company “primarily” from existing investors including Bain Capital, Maverick Ventures, and Tech Opportunities, in a secondary market transaction that values BioCatch at $1.3 billion. Existing shareholders Sapphire Ventures and Macquarie Capital are also increasing their…

The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to move and store goods. Many startups have tackled middle-mile and last-mile delivery challenges, but one untapped area is providing an end-to-end fulfillment solution. Renda, a three-year-old startup,…

The Federal Trade Commission hit Razer with a $1.1 million fine Tuesday. The order claims that the gaming accessory maker misled consumers by claiming that its flashy Zephyr mask was certified as N95-grade. “These businesses falsely claimed, in the midst of a global pandemic, that their face mask was the equivalent of an N95 certified…

Midwest venture capital firms might always play catch-up to the coasts, but that’s not stopping some firms from pulling in nice-sized funds to support startups in their local ecosystems and overall region. Despite being so-called “fly-over cities” according to investors focused on the coasts, the money continues to flow into this region. For example, Michigan’s…

Stocks are set for a weak start to May ahead of today’s Fed rate decision later in the session…

Gone are the days of dealing with damp towels and musty odors…