India is restructuring its gig economy with a new labor law, but much more is needed before gig workers see real benefits.
Category: Tech Crunch
Google teams up with Accel to hunt for India’s next AI breakouts
Google and Accel will jointly invest up to $2 million in each startup through their new partnership.
Altman describes OpenAI’s forthcoming AI device as more peaceful and calm than the iPhone
Altman and Ive tease a simple AI device aimed at calm, distraction-free computing, launching within two years.
OpenAI learned the hard way that Cameo trademarked the word ‘cameo’
OpenAI might have to rename the “cameo” feature in the Sora app.
Rad Power Bikes’ batteries receive major fire risk warning
The U.S Consumer Product Safety Commission claims Rad Power “refused to agree to an acceptable recall.” Rad Power says the CPSC’s solution would bankrupt the company.
Malaysia may ban users under 16 from social media starting next year
The country’s communications minister Fahmi Fadzil said the administration is considering systems for implementing age restrictions on social media sites.
Momentic raises $15M to automate software testing
AI testing startup Momentic has raised $15 million in a Series A round led by Standard Capital, with participation from Dropbox Ventures. Existing investors at Y Combinator, FCVC, Transpose Platform and Karman Ventures also participated.
This startup wants to build a fusion reactor — on a boat
Startups are still racing to build the world’s first commercial fusion power plant on land, but Maritime Fusion thinks the path will be easier out at sea.
Revolut hits $75B valuation in new capital raise
The deal was led by Coatue, Greenoaks, Dragoneer and Fidelity. Investors including Nvidia’s NVentures, Andreessen Horowitz, Franklin Templeton, and other backers advised by T. Rowe Price Associates also participated.
US banks scramble to assess data theft after hackers breach financial tech firm
U.S. banking giants including JPMorgan Chase, Citi, and Morgan Stanley are working to identify what data was stolen in a recent cyberattack on a New York financial firm.