In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s […]
Two of Africa’s largest B2B e-commerce platforms MaxAB and Wasoko in merger talks
Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player that operates in Kenya, Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has […]
ShareChat faces large valuation cut in new funding
ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources […]
Qogita — a wholesale marketplace for retailers — raises $86M Series B to compete with Ankorstore in Europe
Qogita, a two-sided e-commerce wholesale marketplace aimed at retailers largely in the health and beauty sectors, has raised €80 million ($86 million) in a Series B round led […]
Vast Data lands $118M to grow its data storage platform for AI workloads
Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate […]
European startup funding halved to $42B in 2023, says Atomico
The downturn in the technology sector — dragged by inflation, higher interest rates and geopolitical events — continues to persist, and one of the most acutely impacted areas […]
OpenAI, emerging from the ashes, has a lot to prove even with Sam Altman’s return
The OpenAI power struggle that captivated the tech world after co-founder Sam Altman was fired has finally reached its end — at least for the time being. But […]
Tiger Global chieftain Scott Shleifer transitions to advisory role after wild ride
Firm made rapid-fire investments in startups for years, driving up valuations in some cases, but returns were impacted when the market abruptly shifted Connie Loizos @Cookie / 8 […]
OpenAI’s board may be coming around to Sam Altman returning
OpenAI’s board of directors is reportedly in talks with Sam Altman, ex-Y Combinator president and an OpenAI co-founder, to return to OpenAI as CEO as soon as this […]
Altman won’t return as OpenAI’s CEO after all
Capping off a tumultuous weekend at OpenAI that culminated in investors — and a contingent of employees — attempting to convince the company’s board to hire back former […]