It was last year that we covered the $11.2M fundraise for Sienna Network, the ‘privacy decentralized’ startup. The network is built on the Secret Network, which allows asset holders to switch to privacy-oriented tokens. Privacy-based financial blockchain projects are crucial if “DeFi” is to work properly, otherwise normal financial transactions – which are normally private…
Tesla CEO Elon Musk sold around 4.4 million shares of the company on Tuesday, according to regulatory filings published on Thursday. Musk, via Aaron Beckman, his power of attorney, filed a total of five Form 4s with the U.S. Securities and Exchange Commission to cover all 138 individual transactions. The value of the sales in…
Amid a record-breaking fiscal second quarter, Apple also delivered record-breaking services revenue up 17% year-over-year to reach $19.8 billion. The category — which includes businesses like the App Store, Apple TV+, Apple Music, cloud services, and others — also grew to reach 825 million paid subscriptions on Apple’s platform, up by more than 165 million…
The most sophisticated AI systems today are capable of impressive feats, from directing cars through city streets to writing human-like prose. But they share a common bottleneck: hardware. Developing systems on the bleeding edge often requires a huge amount of computing power. For example, creating DeepMind’s protein structure-predicting AlphaFold took a cluster of hundreds of…
The global maritime industry oversees the movement and handling of over 800 million containers in various ports worldwide. Africa controls about 12% of this volume, with its clearing and forwarding market standing at almost $4 billion. That said, Africa’s freight space is stuck with numerous challenges. Some include congestion at ports, opaque processes of service…
Chinese internet giant Baidu and autonomous vehicle company Pony.ai have received permits to provide driverless ride-hailing services to the public on open roads in Beijing, according to both companies. To date, numerous cities in China have allowed autonomous vehicle companies to test self-driving vehicles without a human safety operator in the driver’s seat, but this…
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: Can a startup sponsor…
One of the largest solar companies in Africa and Asia, Sun King, has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Sun King (formerly Greenlight Planet) plans to use $100 million to expand its pay-as-you-go solutions, and introduce larger setups that are capable of…
A few weeks ago, a law firm threatened to sue American social-media giant Meta and its main subcontractor for content moderation in Africa, Sama, over alleged unsafe and unfair work conditions at the latter’s hub in Kenya. The law firm, Nzili and Sumbi Advocates alleged that Sama had violated various the rights, including those of…
Shared micromobility company Voi is deploying e-scooters in Oslo, Norway with Drover AI’s computer vision tech that can identify whether a scooter is on the pavement, road or cycle lane in order to help prevent sidewalk riding. As the micromobility industry consolidates around a few key players and cities become more discerning about which operators…
