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RBI bars Kotak Bank from digital onboarding of customers, fresh credit cards

India’s central bank on Wednesday ordered Kotak Mahindra Bank to immediately cease onboarding new customers via its online and mobile banking channels, and to stop issuing fresh credit cards, ci

Parloa, a conversational AI platform for customer service, raises $66M

Conversational AI platform Parloa has nabbed $66 million in a Series B round, a year after it raised $21 million from a swathe of European investors to propel its international growth. The German comp

Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa

Madica, an investment program launched by US-based investor Flourish Ventures to back pre-seed startups in Africa, plans to invest in up to 10 ventures by the end of the year, ramping up its funding e

French startup FlexAI exits stealth with $30M to ease access to AI compute

With the current iteration of its product going through its paces with a handful of beta customers, FlexAI will launch its first commercial product later this year.

Google-backed Glance pilots Android lockscreen platform in US

Glance, which operates a popular lockscreen platform targeting Android smartphones, is setting its sights on the U.S. market. The Indian startup recently commenced a pilot program in partnership with

Senate passes a bill that would ban TikTok if ByteDance doesn’t sell it

The bill gives Bytedance nine months to force a sale with a 90-day extension, which is effectively a year to complete the deal.

The all-electric Mercedes G-Class ratchets up the tech and off-road capability

The Mercedes-Benz G-Class — the rugged off-road powerhouse that launched in 1979 and has since become a brutalist status symbol — has gone electric. This is, in many ways, Mercedes’

Tesla’s new growth plan is centered around mysterious cheaper models

Tesla’s been undergoing some major changes, and now we have a sense of why: The company says it is upending its product roadmap because of “pressure” on EV sales. The new and acceler

Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids

Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the autom

Tesla launches new Model 3 Performance variant to rev up demand

Tesla has officially revealed a new Performance variant of the recently refreshed Model 3 sedan as the company looks to fight off receding demand. The new version of the Model 3, which starts at $52,9

Tesla earnings week spotlights EV price cuts, ‘balls to the wall’ autonomy push

Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in

X is launching a TV app for videos ‘soon’

X, the company formerly known as Twitter, is launching a dedicated TV app for videos uploaded to the social network soon. X CEO Linda Yaccarino announced on Tuesday that the new app will bring “

TechCrunch Minute: How HeadSpin’s founder fraudster almost got away with lying to investors

News that the former founder of HeadSpin is headed to prison for fraud was further evidence that the last boom in the paired worlds of startup and venture capital led to more than just a little bit of

Bringing down skyscrapers’ sky-high carbon footprint with Joselyn Lai from Bedrock

Jocelyn Lai appeared on TechCrunch’s Found to discuss her company and its hopes of driving down the cost of a proven technology to address the climate crisis.

Perplexity is raising $250M+ at a $2.5B-$3B valuation for its AI search platform, sources say

Perplexity, the AI search engine startup, is a hot property at the moment. TechCrunch has learned that the company is currently raising at least $250 million more at a valuation of between $2.5 billio

Fisker plans more layoffs as cash dwindles and bankruptcy looms

Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protect

Apple’s next iPad event is May 7

Apple just dropped an invite for its next event. Scheduled for May 7, the “Let Loose” presentation appears to be happening exclusively online — something that became standard fare for the co

Campus, a community college startup, receives $23M Series A extension led by Founders Fund

Although many students in the United States enter community colleges intending to transfer to four-year universities, only 16% of those students receive bachelor’s degrees within six years. But

Framework’s repairability philosophy is set to expand beyond the laptop

Framework Computer was ahead of the curve. The company was founded in 2019, as 20 U.S. states began exploring potential right to repair bills. It delivered its first product, the Framework 13, in 2021

Y Combinator alum Matterport is being bought by real estate juggernaut CoStar at a 212% premium

The transaction represents a premium of a whopping 212% over Matterport’s last closing share price before the deal was announced on April 22.
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