techcrunch news
Baidu's $145M AI fund signals China's push for AI self-reliance
Rita Liao
June 01, 2023
The U.S.-China decoupling is giving rise to a divided tech landscape between the two major economies, shaping the development of the red-hot area of generative AI, which turns text into various forms of content like prose, images, and videos. China, in order …
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As part of AI push, Chinese tech giant Baidu is now rolling out an AI venture fund
Connie Loizos
June 01, 2023
Here comes yet more money for AI startups. Today, the Chinese search giant Baidu announced that it plans to establish a venture fund with 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications. Reu…
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The elephants in the room at Computex
Catherine Shu
June 01, 2023
This year’s Computex, the first since Taiwan eased pandemic-related travel restrictions, was a celebration of the world’s computing and chip industries. But amid the exhibitions, speeches and product announcements, like Jensen Huang’s packed Nvidia keynote, s…
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Measurabl, an ESG platform for real estate, raises $93M
Kyle Wiggers
June 01, 2023
Measurabl, a startup developing a platform for environmental, social and governance (ESG) data in the real estate space, today announced that it raised $93 million in a Series D funding tranche co-led by Energy Impact Partners and Sway Ventures. The round, wh…
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GetYourGuide books $194M at a $2B valuation with travel experiences back in business
Ingrid Lunden
June 01, 2023
The tourist industry is bouncing back after a rough couple of pandemic-stressed years, and in the case of some tourism and travel startups, its momentum is coming in at a pace that’s defying the even the current market climate. Today, GetYourGuide — a Berlin-…
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California lawmakers and AV industry battle for future of self-driving trucks
Rebecca Bellan
June 01, 2023
The CA Assembly passed a bill that would require a human safety operator to be present any time an autonomous truck operates on public roads.
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Lightmatter's photonic AI hardware is ready to shine with $154M in new funding
Devin Coldewey
May 31, 2023
Photonic computing startup Lightmatter scores big money to speed up AI's computation problem with its light-powered chips.
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Indian SaaS startup Capillary Technologies grabs $45M to expand globally
Jagmeet Singh
May 31, 2023
Capillary, an Indian SaaS startup offering solutions for loyalty management and customer engagement, has raised $45 million in new funding.
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Amazon's Ring to pay $5.8M after staff and contractors caught snooping on customer videos, FTC says
Zack Whittaker
May 31, 2023
The FTC accused Ring of allowing its employees broad and unrestricted access to videos inside customers' homes.
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New New York-meets-Warsaw VC fund brings in Japan partner to hunt for European startups
Mike Butcher
May 31, 2023
The VC which backed such a startups as Socure (raised $741.9M) and Cornerstone OnDemand (now NASDAQ:CSOD) is launching a new fund to support startups in Central Europe. To date the new “ff Red & White” fund from ff Venture Capital has closed €32 million so fa…
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