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Hulu tops 28 million customers, unveils new shows and a 'binge watch' ad experience
May 01, 1:00PM
Hulu has now grown over 28 million U.S. customers, including 26.8 million monthly paid subscribers and 1.3 million promotional accounts, the company announced this morning as part of its annual presentation at the digital Newfronts in New York. In January, Hulu had 25 million total users, including both paid and promo accounts, and 20 million […]
Shellbot malware evolves to spread and shuts down other cryptominers
May 01, 1:00PM
When hackers want to make a quick buck, mining cryptocurrency seems to be the way to go. New research out Wednesday by Boston-based security firm Threat Stack shared exclusively with TechCrunch reveals a new variant of the Shellbot malware is taking a leaf out of the other cryptocurrency mining by breaking into computers and using […]
Julian Assange jailed for 50 weeks for breaching UK bail conditions
May 01, 12:50PM
WikiLeaks founder Julian Assange has been jailed for 50 weeks for violating his U.K. bail conditions in 2012 at a sentencing hearing at Southwark Crown Court today. A spokeswoman for the court confirmed the almost-year long custodial sentence via email — which falls just short of the 12-month maximum carried by the offence. In a […]
BenevolentAI starts AI collaboration with AstraZeneca to accelerate drug discovery
May 01, 12:50PM
BenevolentAI, is an AI company where AI actually means something. Founded in 2013, it focuses on ‘accelerating the journey from data to medicines.' To achieve that, it's raised a whopping $202 million to look at early drug discovery to late-stage clinical development and has a research facility in Cambridge, UK where there is plenty of […]
BlackBuck raises $150 million to digitize freight and logistics across India
May 01, 11:30AM
India's trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful logistics startups that is trying to overhaul this system, just raised $150 million in Series D round to further pursue its mission. The new round was led by Goldman Sachs Investment Partners and Accel at a […]
Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M
May 01, 11:15AM
OYO, the fast-growing budget hotel startup out of India that’s backed by Airbnb, SoftBank, Grab and Didi, has made an acquisition to expand its footprint into Europe, specifically around self-catering home rentals. The company has picked up @Leisure Group from Axel Springer for about $415 million (€369.5 million). Axel Springer had a 51 percent share of […]
Struggling grocery startup Honestbee fires its CEO
May 01, 9:47AM
The changes continue to roll at Honestbee. Fresh from pausing operations in four countries and announcing plans to lay off 10 percent of staff, the Singapore-based online grocery startup has let CEO Joel Sng go, two sources with knowledge of his exit told TechCrunch. Sng, who co-founded Honestbee back in 2015 and previously served as […]
Samsung Ventures' first investment in Southeast Asia is HR startup Swingvy
May 01, 9:05AM
Samsung Ventures, the VC arm of the Korean electronics giant, has made its first investment in Southeast Asia after it backed HR startup Swingvy. Singapore-based Swingy’s service provides HR services, payroll and insurance for SMEs on a freemium basis. The company announced this week that it raised $7 million that was led by the Samsung […]
A mini-series on the Thai cave rescue is heading to Netflix
May 01, 8:26AM
The rescue of a boys soccer team from caves in Thailand captivated the world last year, and now a mini-series chronically the incredible scenes is headed to Netflix . The streaming giant announced this week that it has secured the rights from 13 Thumluang Company, which represents the boys and their coach, “to tell the […]
India's Times Internet isn't ceding ground to US rivals Facebook and Google
May 01, 5:49AM
The aggressive push by Silicon Valley companies and Chinese firms to win India, one of the last great growth markets, has decimated many local businesses in recent years. With each passing day, Amazon is closing in on Walmart-owned Flipkart's lead on the e-commerce space. Uber is fighting with Ola for the tentpole position of the […]
AWS opens up its managed blockchain as a service to everybody
May 01, 12:47AM
After announcing that they were launching a managed blockchain service late last year, Amazon Web Services is now opening that service up for general availability. It was only about five months ago that AWS chief executive Andy Jassy announced that the company was reversing course on its previous dismissal of blockchain technologies and laid out […]
SoftBank Vision Fund says its team will balloon to a whopping 800 people in the next 24 months
May 01, 12:06AM
SoftBank Vision Fund has its pedal to the metal in more ways than one. On stage at the Milken Institute Global Conference yesterday, the CEO of SoftBank Investment Advisors, Rajeev Misra, reportedly disclosed plans to double the size of the investment arm from 400 employees to 800 employees over the next 18 to 24 months. […]
SoftBank makes a huge bet on Latin America
Apr 30, 10:58PM
Rappi, an on-demand delivery startup, is raising $1 billion from the Japanese telecom giant.
YouTube sets a goal of having half of trending videos coming from its own site
Apr 30, 10:45PM
YouTube wants to have half of the featured videos in its trending tab come from streams originating on the company’s own site going forward, according to the latest quarterly letter from chief executive Susan Wojcicki. The letter, directed to YouTube’s users, is meant to help ease concerns the site’s biggest stars have over copyright challenges, […]
AR will mean dystopia if we don't act today
Apr 30, 10:00PM
The AR industry can avoid the creepy aspects of today's data collection methods without hindering innovation.
USV closes on $450M for new funds, adds two partners
Apr 30, 9:50PM
USV is expanding its partnership to manage the new funds.
Services really are becoming a bigger part of Apple's business
Apr 30, 9:29PM
We’ve known for a while now that Apple was going to be putting more of an emphasis on services. As the technical leaps from one iPhone/iPad/Mac generation to the next become less dramatic, product revenue has started to shrink; in response, the company is focusing on driving forward on things like the App Store, iCloud, […]
The curious case of Slack's missing $162 million
Apr 30, 9:11PM
Slack has filed its S-1 registration statement with the SEC in preparation for its direct listing. One interesting data set that usually comes out of these S-1s is the company's actual fundraising history. Slack has raised eight main rounds (series A-H), and 15 rounds total when including individual tranches, since it incorporated on February 25, […]
Spot.IM raises $25M to help publishers engage with readers
Apr 30, 9:04PM
Spot.IM announced today that it has raised $25 million in Series D funding. We’ve written about the company’s commenting platform before, but CEO Nadav Shoval said it’s now building a broader “community platform.” That means going beyond commenting and moderation to also include community pages and other ways to highlight and monetize user-generated content. The […]
Apple Q2: iPads up, iPhones down
Apr 30, 8:52PM
Today's big story for Apple revenue was once again focused on services. That's likely to be the tale for the foreseeable future, as the company continues to pump billions into product offerings like Apple TV+. As predicted, hardware was more of a mixed bag for the company. The iPad, a bright spot in an otherwise […]
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