Category: Enterprise
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Beam Mobility secretly deployed ‘phantom’ e-scooters in Australia and NZ to dodge fees and boost profits
Shared e-scooter startup Beam Mobility has placed hundreds of extra “phantom” scooters on city streets in Australia and New Zealand to avoid paying vehicle registration fees to local governments, according to a two-part report from The Australian. Cities place caps on the number of vehicles operators can deploy to avoid saturating streets and sidewalks with…
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Apple iPhone 16 event set for September 9 with ‘Glowtime’ invite
Apple will unveil its iPhone 16 lineup on September 9, as the company has started sending out press invites on Monday for the upcoming event. The official announcement comes as previous reports had claimed that the event would take place on September 10. Apple is using the tagline “It’s Glowtime” for the event, which will…
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Niantic aims to build a richer 3D map of the world with a new version of Scaniverse app
Niantic is releasing a new version of its Scaniverse app to let users capture objects around them with more details. Scaniverse 4 will allow users to capture places and objects in 3D through a Gaussian splatting technique, which captures more data points about an object for accurate and rich representation with faster rendering. The company…
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Palico is now the first FINRA-approved company to facilitate online LP-led secondaries deals
Limited partners selling their investment stakes in venture capital funds to other LPs on the secondary market is nothing new. But traditionally these transactions happen offline through an opaque network of brokers that could charge costly fees and prove prohibitive for certain LPs to participate. Palico is looking to change that. Paris-based Palico quietly got…
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Care.com to pay customers $8.5M in FTC settlement for deceiving caregivers, families
The U.S. Federal Trade Commission (FTC) is requiring Care.com, a platform for gig workers in the elder care and child care space, to pay $8.5 million in refunds for deceiving caregivers who were looking for jobs and making it difficult for families to cancel their paid memberships. The agency said on Monday that the company’s…
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Durov arrest boosts Telegram app downloads
The arrest of Telegram founder and CEO Pavel Durov in France is starting to impact the app’s traction and ranking. On Saturday, the founder was arrested for allegedly allowing illegal activity to thrive on the social app by failing to moderate messages adequately, particularly in areas involving drug trafficking, money laundering and the distribution of…
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Telegram founder Pavel Durov arrested in France
Pavel Durov, founder and CEO of messaging app Telegram, was arrested on Saturday evening while leaving his private jet at France’s Le Bourget airport, as initially reported by French television network TF1. Durov’s arrest sparked widespread discussion and speculation on social media, including on Telegram itself, though news reports have been largely based on unnamed…
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Y Combinator backs its first defense startup, Ares Industries
The first defense startup to receive backing from Y Combinator, Ares Industries, launched earlier this week. In a post on the YC website, the startup outlined a vision to build low-cost cruise missiles that will be compatible with existing launch platforms, saying it will “deliver the capabilities that the [Department of Defense] wants in a…
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In 2024, it really is better to run a startup in San Francisco, according to data and founders who’ve relocated
San Francisco’s AI startup boom is so big, even international founders who don’t run AI startups are relocating there to help their companies grow, according to several founders who recently moved. This is largely because the tech talent and investor money is still overwhelmingly concentrated there, according to new data that VC firm SignalFire exclusively…
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Loft Orbital forms joint venture with UAE-based firm to scale satellite production in the Middle East
A holding company affiliated with an Emirati royal family is injecting a new joint venture between Abu Dhabi-based Marlan Space and startup Loft Orbital with over $100 million to grow the region’s domestic satellite manufacturing capabilities. The joint venture, called Orbitworks, will be the first commercial firm in the United Arab Emirates to mass manufacture…