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France says anti-fake news election law incoming
Jan 04, 1:00PM
France’s president has said he plans to introduce new legislation aimed at curbing the spread of online fake news during election periods. Read More
WeWork banks on a local approach and Powered By We to crack Southeast Asia
Jan 04, 11:34AM
WeWork charged into Asia two years ago but it finally moved into Southeast Asia in the second half of 2017 through the acquisition of SpaceMob and the opening of its first space in Singapore — which became number 200 worldwide. Now, the company is relying on a formula with two key focuses to further its push and conquer the co-working space in this emerging region. Consumer… Read More
MoneyLion raises $42M to grow its personal finance platform for the middle class
Jan 04, 11:00AM
MoneyLion, the part lending, part savings and part wealth management app targeted at the financial middle class has raised $42M in Series B funding.This brings total equity funding to $67M since being founded in 2013. The startup provides an all-in-one platform for anything finance related. A user connects their bank accounts and credit cards and then gets personalized advice based on their… Read More
Malaysia's Dahmakan chows down $2.6M for its end-to-end food delivery service
Jan 04, 9:05AM
Dahmakan, a food delivery startup from Malaysia that graduated Y Combinator last year, has raised $2.6 million as it begins to explore the potential to expand its business across Southeast Asia. The startup distinguishes itself from the likes of FoodPanda and Deliveroo with an “end-to-end” approach to food, that’s to say that it cooks all dishes itself and dispatches them… Read More
The News Lens takes a big step for Asian indie media with its first acquisition
Jan 04, 7:15AM
Founded four years ago to reach millennials disenchanted with Taiwan’s scandal-obsessed media, The News Lens is growing up fast. The Taipei-based company announced it has agreed to buy Inside, one of Taiwan’s best-known technology news sites. Not only is this The News Lens’ (known as TNL) first acquisition, but founder and chief executive officer Joey Chung says it also makes… Read More
Of course China's forgotten social network is doing an ICO
Jan 04, 7:09AM
ICOs were one of the breakthroughs in the tech industry in 2017. Initially it was just those in the blockchain space who were aware, but as the year went on a number of existing business grew attracted to the idea of raising money without the usual route of VCs and lost equity. The year ended with more than $4 billion raised via ICOs. It’s fair to say that the concept is widely-known… Read More
Crunch Report | MoneyGram's Sale to Alibaba Blocked by U.S. Government
Jan 04, 4:00AM
Spotify files to go public, BloomThat gets acquired and MoneyGram’s sale to Alibaba got blocked by the U.S. government. All this on Crunch Report. Read More
Wi-Fi startup Eero lays off 30 employees
Jan 04, 3:54AM
Eero, the mesh Wi-Fi router startup, has laid off 20 percent of its workforce (about 30 employees), TechCrunch has learned. Eero confirmed about 30 employees were let go but declined to comment on its total workforce size. “Our goal is to provide perfect WiFi in every home,” an Eero spokesperson said in a statement to TechCrunch. “Over the past year we explored several… Read More
Kernel panic! What are Meltdown and Spectre, the bugs affecting nearly every computer and device?
Jan 04, 1:47AM
If you’re confused by the avalanche of early reports, denials, and conflicting statements about the massive security issues announced today, don’t worry — you’re far from the only one. Here’s what you need to know about Meltdown and Spectre, the two huge bugs that affect practically every computer and device out there. Read More
Cloud infrastructure vendors begin responding to chip kernel vulnerability
Jan 04, 12:57AM
Several cloud vendors began responding to the chip kernel vulnerability that has the industry reeling today. Each Infrastructure as a Service vendor clearly has a stake here because each one is selling CPU cycles on their platforms. TechCrunch sent a request for comment to six major cloud vendors, including AWS, Microsoft, Google, IBM, Rackspace and DigitalOcean. Read More
Instagram tests letting users post Stories directly to WhatsApp
Jan 04, 12:35AM
Last October, Facebook extended the usage (and flexibility) of Instagram Stories — the Snapchat-like feature that lets you patch together photos and videos into a slide show — by making it easy to directly post a Story to Facebook. Now Facebook is looking at how to bring WhatsApp into the fold. Read More
Apple readies Siri for the HomePod by adding a podcast-powered news brief
Jan 04, 12:20AM
The HomePod had a bit of a notable production setback, back in December, but Apple’s high-end smart speaker is still on track for an “early 2018” release. As it preps for the release of its first Siri-focused device, the company is making some tweaks to its voice assistant. As 9to5Mac first noted, the latest beta version of iOS (11.2.5) sports a new news feature. “Hey… Read More
Apple picks up Reese Witherspoon thriller starring Octavia Spencer
Jan 03, 11:43PM
Apple is adding another TV project to its upcoming slate: Are You Sleeping, a crime show based on America’s love affair with true crime podcasts (which are, ultimately, all Apple’s fault). The show has a lot of star power attached, as it’s executive produced by Reese Witherspoon and will star Oscar-winning actress Octavia Spencer. Read More
Google's Project Zero team discovered critical CPU flaw last year
Jan 03, 11:01PM
In a blog post published minutes ago, Google’s Security team announced what they have done to protect Google Cloud customers against the chip vulnerability announced earlier today. They also indicated their Project Zero team discovered this vulnerability last year (although they weren’t specific with the timing). Read More
FCC Chairman Ajit Pai's CES appearance has been canceled
Jan 03, 10:36PM
If you hoped to attend a “candid conversation” with the FCC’s Ajit Pai at CES, I have bad news: he won’t be there. In a tersely worded statement, CTA head Gary Shapiro announced: “Unfortunately, Federal Communications Commission Chairman Ajit Pai is unable to attend CES 2018. We look forward to our next opportunity to host a technology policy discussion with… Read More
Google faces revised gender-pay lawsuit
Jan 03, 10:32PM
Google is facing a revised class-action gender-pay lawsuit that alleges Google underpaid women in comparison with their male counterparts and asked new hires about their prior salaries, The Guardian first reported. The revised lawsuit also adds a fourth complainant, Heidi Lamar, who was a teacher at Google’s Children Center in Palo Alto for four years. Read More
Tesla made 2,425 Model 3s in Q4 2017, aims to make 2,500 weekly by end of Q1 2018
Jan 03, 10:10PM
Tesla produced a lot more Model 3 cars during the last quarter of 2017 than it did during Q3: it produced 2,425 cars during the quarter, adding to its production total of 23,565 vehicles overall, including Model S and Model X vehicles. That’s a significant increase from the 260 it made in Q3 last year, but still off its expected pace. Read More
Designing blockchains for a frictionless world
Jan 03, 10:00PM
Every enthusiast in the crypto and blockchain space that has “seen the light” believes in a future that is collaborative, transparent and frictionless. Peer-to-peer and trustless technology will lead us to a decentralized utopia of equality and inclusion. While the ideals are noble, the decentralized world has some problems that still need solving. Read More
Responding to 'incorrect' reports, Intel says major flaw affects 'many different vendors'
Jan 03, 8:51PM
Reports this morning that Intel processors are affected by a serious flaw that may reduce performance significantly hit the company’s credibility and stock hard. Intel has now officially responded to these reports, calling them “incorrect” and “inaccurate,” and saying it had planned to discuss this very issue next week. Read More
Spider silk startup Bolt Threads closes on $123 million in Series D funding
Jan 03, 8:46PM
Bolt Threads, the startup making spider silk from microbugs, has raised a giant $123 million Series D round of funding. As we reported in November, an SEC filing showed the company had raised $106 million from Foundation Capital and Formation 8. Bolt now tells TechCrunch it has added to that amount, bringing up its total to $147 million raised so far. Read More
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