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 efforts after closing three initial deals. Madica disclosed the plans to TechCrunch indicating accelerated investing in the coming year as it…
The Senate passed a bill, included with the foreign aid package, that will ban TikTok if its owner, ByteDance, doesn’t sell it within a year. Senators passed the bill 79-18 Tuesday after the House passed it with overwhelming majority over the weekend. President Joe Biden will have to sign the bill to make it law,…
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 “numerous challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance…
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 company during the pandemic. Over the last couple of years, however, Apple has returned to in-person events, including WWDC, which kicks off in Cupertino…
Firefly, Adobe’s family of generative AI models, doesn’t have the best reputation among creatives. The Firefly image generation model in particular has been derided as underwhelming and flawed compared to Midjourney, OpenAI’s DALL-E 3, and other rivals, with a tendency to distort limbs and landscapes and miss the nuances in prompts. But Adobe is trying…
Rivian is offering discounts up to $5,000 on its EVs — and a year of free charging — to customers willing to trade in their gas-powered trucks and SUVs. The deal, which kicked off April 22, is aimed directly at some of the best-selling and most ubiquitous gas-powered trucks and SUVs on the market today,…
A vulnerability in a smart access control system used in thousands of U.S. rental homes allows anyone to remotely control any lock in an affected home. But Chirp Systems, the company that makes the system, has ignored requests to fix the flaw. U.S. cybersecurity agency CISA went public with a security advisory last week saying…
It’s going to be a big week! Tech earnings are coming up, the EV wars are on (and how!), and it feels like venture capital has its head in the clouds. All that adds up to one packed Equity episode! Today, we dug into the latest markets news, including upcoming earnings, IPOs, and what impact…
Tree planting search engine Ecosia launched a new cross-platform browser today to increase its online footprint. The new browser, available for Mac, Windows, iOS, and Android, is built on top of Chromium. That’s why there aren’t many feature differences from Chrome. The company sees that as a good thing as people might be tempted to…
TikTok Shop, TikTok’s social commerce marketplace, is launching a secondhand luxury category in the U.K., putting it in closer competition with The RealReal, Vestiaire Collective, Depop, Poshmark, and Mercari, among others. The offering has already existed in TikTok Shop U.S. for over six months. The new category allows customers in the U.K. to purchase pre-owned…
