Getir pulls out of US, UK, Europe to focus on Turkey; 6,000+ jobs impacted

True to its business concept, Turkey’s “instant delivery” juggernaut Getir rose quickly. Now, with the quick commerce industry in free fall, it is nosediving just as fast. On Monday, the company — once valued close to $12 billion — announced it would shut down its […]

ChatGPT’s ‘hallucination’ problem hit with another privacy complaint in EU

OpenAI is facing another privacy complaint in the European Union. This one, which has been filed by privacy rights nonprofit noyb on behalf of an individual complainant, targets the inability of its AI chatbot ChatGPT to correct misinformation it generates about individuals. The tendency of […]

Indian ride-hailing giant Ola cuts 180 jobs in profitability push

Ola has let go its chief executive Hemant Bakshi, merely four months after making the appointment, and is cutting about 180 additional jobs, a source familiar with the matter told TechCrunch. The move from the Indian ride-hailing startup is aimed at “improving profitability,” its founder […]

OpenAI inks strategic tie-up with UK’s Financial Times, including content use

OpenAI, maker of the viral AI chatbot ChatGPT, has netted another news licensing deal in Europe, adding London’s Financial Times to a growing list of publishers it’s paying for content access. As with earlier OpenAI’s publisher licensing deals, financial terms of the arrangement are not […]

Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech

Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity investment. The startup’s latest investment is from African Renaissance Partners, an East African venture capital firm; Endgame Capital, an investor with a bias for technologies around climate change; […]

Getir pulls out of US, UK, Europe to focus on Turkey; 6,000+ jobs impacted

True to its business concept, Turkey’s “instant delivery” juggernaut Getir rose quickly. Now, with the quick commerce industry in free fall, it is nosediving just as fast. On Monday, the company — once valued close to $12 billion — announced it would shut down its […]