TechCrunch Industry News

Apple has talked a big game about its future plans to break into the automotive market. But a report from Bloomberg says that Apple has had to scale back its plans. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Kapu, a social commerce startup, coming out of stealth today having raised $8 million seed funding, is hoping to help lessen the burden of buying food for Kenyan consumers, many of whom are grappling with the sky-rocketing food prices. Learn more about your ad choices. Visit podcastchoices.com/adchoices

French VC firm Partech has closed another seed fund dedicated to early-stage tech startups — the fund is called Partech Entrepreneur IV. Learn more about your ad choices. Visit podcastchoices.com/adchoices

It’s probably not a secret to those doing a lot of focused work in the space, but when it comes to generative AI, it’s quickly becoming apparent that how a user interfaces with generative models and systems is at least as important as the underlying training and inference technology. Learn more about your ad choices. Visit podcastchoices.com/adchoices

India won’t enforce a cap on the market share for players operating on the homegrown payments network until December 31, 2024 in a surprising move that analysts say is a major a win for Google Pay and Walmart’s PhonePe. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Much of the company’s sales are outside the UK today, with U.S. “Hueligans,” the company’s loyal fans, representing Huel’s second-biggest market. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Web3 developer platform Fleek has raised $25 million in Series A funding led by Polychain Capital, the company shared exclusively with TechCrunch. Learn more about your ad choices. Visit podcastchoices.com/adchoices

European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions." Learn more about your ad choices. Visit podcastchoices.com/adchoices

According to Corning in-house research, “84% of consumers across three of the largest smartphone markets – China, India, and the United States — cite durability as the number one purchasing consideration behind brand itself.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

Pearpop, a marketplace for social collaborations, announced today that it has raised an extension to its 2021-era Series A funding round. Learn more about your ad choices. Visit podcastchoices.com/adchoices