Amazon has been fined in Poland for misleading consumers about the conclusion of sales contracts on its online marketplace. The sanction, of close to $8M (or in local currency: PLN 31,850,141), also calls out the e-commerce giant for deceptive design elements which may inject a […]
Month: March 2024
African B2B e-commerce giant Wasoko marked down to $260M after VC halves stake
VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slashed the value of its holding in Wasoko, an African B2B e-commerce startup, by 48%, according to its annual report for 2023. In its annual report, VNV set Wasoko’s fair value at […]
The Grok chatbot will soon be enabled for X Premium users, Elon Musk says
xAI’s Grok chatbot, the Elon Musk-helmed company’s answer to OpenAI’s ChatGPT, will be available to X’s Premium subscribers later this week. Musk has announced Grok’s expanded availability in a tweet, along with an instructional video on how to post a conversation with the chatbot directly […]
Amazon fined in Poland for dark pattern design tricks
Amazon has been fined in Poland for misleading consumers about the conclusion of sales contracts on its online marketplace. The sanction, of close to $8M (or in local currency: PLN 31,850,141), also calls out the e-commerce giant for deceptive design elements which may inject a […]
Robinhood’s new credit card goes after Apple Card with ability to invest cash-back perks
Eight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy. Robinhood, better known for its brokerage app aimed at the everyday […]
This camera captures 156.3 trillion frames per second
Scientists have created a blazing-fast scientific camera that shoots images at an encoding rate of 156.3 terahertz (THz) to individual pixels — equivalent to 156.3 trillion frames per second. Dubbed SCARF (swept-coded aperture real-time femtophotography), the research-grade camera could lead to breakthroughs in fields studying […]
Vinyl records outsell CDs for the second year running
Vinyl reigns when it comes to physical media. | Image: RIAA People bought 43 million vinyl records last year, according to the Recording Industry Association of America (RIAA). That’s 6 million more than the number of CDs sold in 2023, marking the second time since […]
Activeloop nets $11M to give enterprises a better way to leverage multimodal data for AI
Activeloop claims its Deep Lake can create AI applications at a cost up to 75% lower than market offerings while increasing engineering teams’ productivity by up to five-fold.
Synctera is the latest banking-as-a-service startup to lay off staff
Banking-as-a-service startup (BaaS) Synctera has conducted a restructuring that has resulted in a staff reduction, the company confirmed to TechCrunch. While Synctera did not share how many employees were impacted, a report in Fintech Business Weekly pegs the number to be about 17 people, or […]
The FTC might sue TikTok over its handling of users’ privacy and security
TikTok, already fighting a proposed law that could lead to a ban of the app in the United States, may soon also find itself in the crosshairs of the Federal Trade Commission. The FTC is close to wrapping up a multiyear investigation into the company, […]