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Asia’s chipmakers fall as Samsung sees worst quarterly profit in 8 years

Chipmakers in Asia fell as South Korean conglomerate Samsung Electronics saw its worst profit decline since the third quarter of 2014.

  • Tech
  • TechCrunch

Google to ban unlicensed loan apps in Kenya as new rules take effect

Google’s new policy requiring digital lenders in Kenya to submit proof of license to operate in the East African country takes effect today. The policy aims to clamp down on rogue loan apps, which are pervasive in the country. This…

  • Tech
  • TechCrunch

Backed by Elevation Capital, Profit.co helps companies execute OKRs

Developed by Andy Grove at Intel in the 1970s, OKR is now one of the most popular management methodologies. OKR, which stands for “objectives and key results,” helps companies achieve goals, including financial and operational targets. At places with a…

  • Tech
  • TechCrunch

Tech Nation looks for new home as UK Gov hands tech ecosystem contract to Barclays

After over ten years in operation, Tech Nation, the UK’s government-sanctioned ecosystem builder for UK tech startups and growth tech companies is to cease operations after losing its grant funding to a programme run by Barclays Bank Eagle Labs. The…

  • Tech
  • TechCrunch

Fairphone nabs $53M in growth capital for ‘sustainable’ consumer electronics

Dutch social enterprise Fairphone, which makes modular and — the claim is — more sustainable and ethical consumer electronics, has nabbed a chunk of funding to continue scaling a circular-economy-aligned smartphone business. The €49 million (~$53M) “growth capital” investment —…

  • Tech
  • TechCrunch

Guardz emerges from stealth with $10M for SMB security and cyber insurance to protect against attack-as-a-service breaches

Small and medium businesses have become a growing target for malicious online hackers in recent years, currently accounting for between 43% and 61% of all security breaches and some $7 billion annually in related losses, according to different estimates. Today,…

  • Tech
  • TechCrunch

Finley closes $17M to turn 100-page debt capital agreements into software-managed code

As venture capital investments slowed down in 2022, some startups turned to private credit, including debt capital, as a way to supplement their operations in the meantime. However, the policies and procedures paperwork that goes with these deals aren’t always…

  • Tech
  • TechCrunch

Would Baidu’s answer to ChatGPT make a difference?

Baidu, China’s top search engine provider and robotaxi developer, is apparently working on its own counterpart to ChatGPT. The news, first reported by Bloomberg and The Wall Street Journal, sent Baidu’s stock price rising on Monday to reach its highest…

  • Tech
  • TechCrunch

InstaDeep’s acquisition is a classic case of an African startup gone global 

This January, Germany’s largest vaccine maker BioNTech announced that it had agreed to acquire Tunisian-born and London-headquartered AI startup InstaDeep for up to £562 million, including a performance-tied £200 million tranche investment. InstaDeep’s deal — subject to regulatory approval and…

  • Tech
  • TechCrunch

Groupon cuts another 500 employees in the second round of layoffs

Groupon has laid off another 500 employees in a bid to cut costs, the company said in an SEC filing last week. The e-commerce company had cut 500 jobs — nearly 15% of its workforce then — previously in August…

  • Tech
  • TechCrunch

Southeast Asia farm-to-table startup Secai Marche raises Series A

Secai Marche, a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 million USD) in Series A funding. The round included participation from venture capital firm The Agribusiness…

  • Tech
  • TechCrunch

Labor officials found that Apple execs infringed on workers’ rights

The National Labor Relations Board (NLRB) found merit to complaints that high-level executives at Apple violated national labor law. This finding comes after the NLRB also found that Apple illegally interfered with labor organizing at retail stores in New York…

  • Tech
  • TechCrunch

Hotai Motor exposed thousands of iRent customer documents

Taiwanese automotive conglomerate Hotai Motor exposed reams of personal customer data from its car rental and carshare unit, iRent, until a security researcher found the data online last week. Even then, it took the company a week — and the…

  • Tech
  • BBC Tech

Children as young as nine exposed to pornography

The consumption of pornography is widespread among children, the children’s commissioner says.

  • Tech
  • TechCrunch

Put a (smart) ring on it: Monavo on why its health wearable will put women first

Monavo Heath turned heads at CES with an Ouroubouros-esque smart ring designed for women. In the crowded field of fitness wearables, where the mainstream heavy hitter of the Apple Watch heads up a very long tail of typically less pricey…

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