News

  • Electric vehicle startup Nio lays off 141 employees at its North American headquarters
    by Catherine Shu on December 11, 2019 at 3:12 am

    Electric vehicle startup Nio is laying off 141 people at its North American headquarters. According to a filing from Employment Development Department of California, the employees at its San Jose office received notice on December 6. Nio, whose global headquarters are in Shanghai, announced last month that it is partnering with Intel’s Mobileye to develop […]

  • Carsome raises $50M for its used-car sales platform in Southeast Asia
    by Manish Singh on December 11, 2019 at 1:07 am

    Carsome, a Malaysia-based marketplace for trading users cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing round, dubbed Series C, was funded by MUFG Innovation Partners (MUIP), the corporate venture capital arm and a wholly-owned subsidiary of Mitsubishi UFJ […]

  • Ada Ventures launches with a $34M fund aimed at super-charging diverse global founders
    by Mike Butcher on December 11, 2019 at 12:00 am

    According to Atomico’s recent “State of European Tech, 2019” – widely considered by the European tech industry to be a reliable annual study – at present, 92 in every 100 dollars invested in Europe goes to all-male teams, 83% founders are white, 82% are university educated, in the UK, a quarter of investment committees saw […]

  • D-Wave partners with NEC to build hybrid HPC and quantum apps
    by Ron Miller on December 10, 2019 at 11:31 pm

    D-Wave Systems announced a partnership with Japanese industrial giant NEC today to build what they call “hybrid apps and services” that work on a combination of NEC high-performance computers and D-Wave’s quantum systems. The two companies also announced that NEC will be investing $10 million in D-Wave, which has raised $204 million prior to this, […]

  • The $100M ARR club
    by Alex Wilhelm on December 10, 2019 at 9:22 pm

    Hello and welcome to a lightweight series I’m writing while I recapture my footing at TechCrunch. It’s lovely to be back, and I’m excited to chat about what’s going on with private companies, public markets and the space between the two. I wonder what the average revenue (trailing, say) of a unicorn is today, and […]

  • The iPhone’s new parental controls can limit who kids can call, text and FaceTime and when
    by Sarah Perez on December 10, 2019 at 8:48 pm

    An update to Apple’s iOS operating system, out today, will give parents a new set of tools to fight back against kids’ iPhone addiction. With the release of iOS 13.3, parents will for the first time be able to set limits over who kids can talk to and text with during certain hours of the […]

  • Zetwerk, an 18-month-old Indian B2B marketplace for manufacturing items, raises $32M
    by Manish Singh on December 10, 2019 at 7:09 pm

    Zetwerk, an Indian business-to-business marketplace for manufacturing items, has closed a significantly large financing round as it scales its operations in the nation and also helps local businesses find customers overseas. The 18-month-old startup said on Wednesday it has raised $32 million in a Series B financing round led by Lightspeed and Greenoaks Capital. Zetwerk […]

  • Daily Crunch: Away’s CEO is stepping down
    by Anthony Ha on December 10, 2019 at 6:33 pm

    The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Away CEO is stepping down in light of reports of toxic culture Steph Korey is stepping down from her role as […]

  • An iOS bug in AirDrop let anyone temporarily lock-up nearby iPhones
    by Zack Whittaker on December 10, 2019 at 6:31 pm

    Apple has fixed a bug in iOS 13.3, out today, which let anyone temporarily lock users out of their iPhones and iPads by forcing their devices into an inescapable loop. Kishan Bagaria found a bug in AirDrop, which allows users to share files between iOS devices. He found the bug let him repeatedly send files […]

  • Is your startup protected against insider threats?
    by Zack Whittaker on December 10, 2019 at 6:31 pm

    We’ve talked about securing your startup, the need to understand phishing risks and how not to handle a data breach. But we haven’t yet discussed one of the more damaging threats that all businesses large and small face: the insider threat. The insider threat is exactly as it sounds — someone within your organization who has […]

  • I want to meet the person who buys the $53k Mac Pro
    by Rachel Kaser on December 10, 2019 at 10:20 pm

    Apple’s Mac Pro is available for purchase today, and several people have noticed something curious about it. Namely that, if you choose the correct options during the purchasing process, it will cost you more than a Cybertruck. The Mac Pro slides in just at the end of 2019, technically fulfilling the company’s promise to be available by the fall. When my colleague Napier Lopez revealed the company would release the Pro this month, he mentioned the rather steep base price — $5,999 — and added, “Expect that price to rise dramatically as you add fancier components.” Napier, buddy, you have… This story continues at The Next Web […]

  • Humans best AI in first-ever Drone Racing League showdown
    by Tristan Greene on December 10, 2019 at 9:36 pm

    The Drone Racing League recently held its first Human VS AI match, pitting a drone helmed by AI developed by Delft University of Technology’s MavLab against one flown by human pilot Gabriel Kocher. Despite early race hype, MavLab’s machine took a big “L” as Kocher flew away with the victory, running the course in half the time it took the AI. Am I the only one wondering how the “future” ended up being a world where AI can beat us at board-games and we’re better at piloting vehicles? That’s not to say that controlling these particular drones is any mean feat. The… This story continues at The Next Web […]

  • Buchardt S400 Review: Remarkable speakers near endgame material
    by Napier Lopez on December 10, 2019 at 8:07 pm

    If you’re not particularly invested in high-quality speakers, there’s a good chance you haven’t heard of Buchardt Audio. I think it’s time to fix that. A fledgling Danish audio firm with a 31-year-old founder, Buchardt has burst into the hi-fi scene with much momentum. Early buzz has lauded its products’ high performance per dollar, and I have no reason to contradict those comments. After spending some time with the Buchardt S400, I came away impressed with both its sound quality and the measurement data behind it. At €2,000 within Europe or €1610 (~$1,800) elsewhere, the S400 is a remarkable performer that goes… This story continues at The Next Web […]

  • Double eureka: Breakthroughs could lead to quantum ‘FM radio’ and the end of noise
    by Tristan Greene on December 10, 2019 at 7:52 pm

    A team of scientists from the University of Chicago discovered a method by which quantum states can be integrated and controlled in everyday electronics. The team’s breakthrough research resulted in the experimental creation of what they’re dubbing a “quantum FM radio” to transmit data over long distances. This feels like an eureka moment for quantum computing. The team’s work involves silicon carbide, a naturally occurring semiconductor used to make all sorts of electronics including light emitting diodes (LEDs) and circuit boards. It’s also used in rocketry due to its ability to withstand high temperatures and in the production of sand… This story continues at The Next Web […]

  • Resident Evil 3 Remake is real — and it’s coming out in April
    by Rachel Kaser on December 10, 2019 at 5:59 pm

    I love it when rumors not only turn out to be true, but surpass my preconceived notions. Yes, the Resident Evil 3 Remake is real, and it’ll be coming out next spring. What’s more, Capcom have cleverly packaged it with the Resident Evil multiplayer game it’d also been making. I’m calling it now: that will turn out to have been one of the smartest dev decisions of the year. The trailer debuted today during Sony’s State of Play show. It’s mostly cinematic first-person, but it shows a little bit of actual gameplay that implies it’s going to be that RE4 over-the-shoulder third-person… This story continues at The Next Web […]

  • Hackers can jack ShapeShift’s crypto wallets in 15 minutes, Kraken warns
    by David Canellis on December 10, 2019 at 4:09 pm

    Cybersecurity researchers have disclosed a glaring vulnerability in the KeepKey cryptocurrency hardware wallet that allows physical attackers to steal funds in just 15 minutes. Kraken Security Labs’ latest blog details a “voltage glitching” attack that extracts the encrypted seed used to access cryptocurrency stored on the device. An attacker can then brute force the encrypted seed, as it is simply protected by a 1-9 digit PIN, which the firm described as “trivial.” Worse still, researchers warn that fixing this flaw is no easy feat — the KeepKey team reportedly can’t do anything about it without redesigning the hardware. “The attack takes advantage of… This story continues at The Next Web […]

  • 10 predictions for data science and AI in 2020
    by Jason T Widjaja on December 10, 2019 at 4:01 pm

    As we come to the end of 2019, we reflect on a year whose start already saw 100 machine learning papers published a day and its end looks to see a record-breaking funding year for AI. But the path getting real value from data science and AI can be a long and difficult journey. To paraphrase Eric Beinhocker from the Institute for New Economic Thinking, there are physical technologies that evolve at the pace of science, and social technologies that evolve at the pace at which humans can change — much slower. Applied to the domain of data science and AI, the most sophisticated deep learning algorithms… This story continues at The Next Web […]