Category Archives: Tech

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Paris-based VC firm Blisce launches climate tech fund with a target of $160M

Paris-based Blisce has become the latest VC firm to launch a fund dedicated to climate tech. It plans to raise as much as €150M (about $162M). © 2024 TechCrunch. All rights reserved. For personal use only.

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Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target

Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.

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Uber to acquire Foodpanda’s Taiwan business for $950 million, creating a potential monopoly

Uber Technologies is buying the Taiwan business of Delivery Hero-owned Foodpanda for $950 million in cash, as Foodpanda doubles down on other markets.

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China drives EV boom this year amid strong demand for hybrid vehicles

EV shipments, including fully battery-powered vehicles and hybrids, were up 18% in the first three months of 2024 compared with the same period last year. 

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Maad raises $3.2M seed amid B2B e-commerce sector turbulence in Africa

Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the wider Francophone region. The seed round was led by Ventures … Continue reading

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AI boom to keep supply of high-end memory chips ‘tight’ this year, analysts warn

SK Hynix and Micron – the world’s largest memory chip suppliers – are out of high-bandwidth memory chips for 2024, while the stock for 2025 is also almost sold out.

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OpenAI Startup Fund raises additional $5M

The fresh funds were raised from two investors who transferred the capital into a special purpose vehicle, a legal entity associated with the OpenAI Startup Fund. © 2024 TechCrunch. All rights reserved. For personal use only.

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What is OpenAI’s new GPT-4o model? Free users get more features including advanced audio

OpenAI is launching a new flagship generative AI model named GPT-4o, which will be introduced “iteratively” into the company’s developer and consumer products over the coming weeks. There had been speculation that a search engine would be rolled out but … Continue reading

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Early Facebook investor Accel raises $650 million fund to back European and Israeli startups

Accel said Tuesday it’s raised $650 million for its eighth fund targeted at investing in European and Israeli early-stage startups.

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Accel has a fresh $650M to back European early-stage startups

Accel has invested in more than 200 startups in the region to date, making it one of the more prolific VCs in this market. © 2024 TechCrunch. All rights reserved. For personal use only.

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