Tech

Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures, the venture capital arm of Saudi Aramco, marking the VC firm’s first investment in Asia.  The Japan-headquartered company, which builds drone software, hardware and uncrewed aircraft traffic management software, said the new capital brings its total raised to $97
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Veteran tech giant PayPal is facing an antitrust investigation in Germany — where the Federal Cartel Office (FCO) has announced it’s looking into its rules on surcharges. The regulator is concerned that restrictions PayPal imposes on merchants could be harming competitors and inflating costs for consumers by restricting price competition. Clauses in PayPal’s terms the
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Netflix reported its Q4 2022 financial results yesterday, topping 230 million global subscribers, up from 223.09 million, thanks to the addition of 7.7 million subs. During the earnings call, Netflix co-CEO Ted Sarandos said the company is “keeping an eye” on a free ad-supported TV (FAST) option, a move that many media companies are considering
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Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week.
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In an industry obsessed with making everything huge (at least here in the U.S.), you may not’ve expected GM to show interest in an electric baby pickup, but here we are. GM is considering a pickup design that’s “smaller than the Ford Maverick and the Hyundai Santa Cruz,” with a “low roofline” and a 4
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Ditching HomePod was a strange choice. At the time, Apple told us, “HomePod mini has been a hit since its debut last fall, offering customers amazing sound, an intelligent assistant, and smart home control all for just $99. We are focusing our efforts on HomePod mini.” While the smart home hasn’t panned out precisely the
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Hello, climate tech readers! Even without a milestone fusion announcement this week, plenty happened in the climate tech world that’s worth catching up on. From massive solar investments to plant-based steaks and small, modular batteries to back up your home, there’s something for everyone. Let’s dive in. Image Credits: Elijah Nouvelage/Bloomberg / Getty Images Last
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What is going to happen to the 15,000 colorful electric scooters that currently spill across the streets of Paris? On March 23rd, their fate could drastically change as the French capital weighs up whether or not to renew licenses for the three scooter companies currently operating in the city. And this isn’t just going to
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I vividly remember my first Vive experience. It was many CESes ago. I was managing a different site. Budgets were tight and I had the most on-the-ground experience, so I went solo. I had a different kind of fire back then, writing 100 stories over five days and walking every possible inch of the show
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Venture capitalists may control capital, but one currency that they’re always in search of is an elusive, evolving one: deal flow. Betting early on the next big startup is enough to cement the entire return of a fund (and then some) — and help that plucky investor make a name for themselves. This reality makes
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The Inflation Reduction Act has clearly kickstarted investment in U.S. clean energy manufacturing. Last year, automakers and battery manufacturers announced that they’d spend tens of billions of dollars to ramp up EV production in the U.S. Now it’s solar’s turn. Today, Korean solar manufacturer Hanwha Qcells announced that it’ll spend $2.5 billion to build a
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