Daily Crunch: Google will use private subsea cable to launch its first full-scal...
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Google will use private subsea cable to launch its first full-scale cloud region in Africa
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Daily Crunch: Google will use private subsea cable to launch its first full-scale cloud region in Africa
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Happy Wednesday! Haje is enjoying a well-deserved day off, but I’m here to dive into some news with you. Let’s join hands and jump in at the same time, shall we? — Christine
The TechCrunch Top 3
Cloudy day: Google’s first cloud region in Africa launched in South Africa. Annie and Tage write that this move “allows for the localization of applications and services” and for businesses to more quickly deploy capabilities — for example, artificial intelligence, machine learning and data analytics.
Duck, duck, goose: French food tech startup Gourmey took in $48 million of new funding to cook up its slaughter-free and lab-grown foie gras. Romain has more.
Show a little more, show a little less: Facebook is testing out a new feature with Reels to let users say how much or how little they want to see of certain things in their feed, Aisha reports.
Startups and VC
Headline included, I enjoyed Paul’s story today on Whistleblower Software, an aptly named company that took in a $3 million seed round to continue developing its product aimed at making it easier for workers to report corporate wrongdoings.
Enjoy five more:
Breaker breaker one: Ron writes that Mvmnt, a freight technology startup, is bringing some sophistication to the way shipping brokers do business. And it’s doing it with $20 million in new capital.
Supergraphs are super: GraphQL company Apollo has a new offering for enterprises to “allow businesses to integrate data from a wide variety of sources into a single supergraph that developers can then easily use in their applications,” Frederic writes.
Perfect model: IriusRisk took in $29 million to help companies automate threat modeling for apps, Kyle reports.
It’s our party — we can rebrand if we want to: Party Round is now Capital as the company looks to expand its offerings into how founders manage their finances, Natasha M writes.
Turning green is not a bad thing here: Please enjoy my story on EcoCart, which grabbed $14.5 million of new funding to tell you how you can do more sustainable shopping.
Wichita EagleThis Mexican food chain abruptly closed one of its two Wichita restaurants on Wednesday
A manager of two years said employees found out when they showed up and found a banner announcing the closure hanging outside.
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1d ago
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TechCrunchSpotify acquires content moderation tech company Kinzen to address platform safety issues
Spotify this morning announced it's acquiring Dublin, Ireland-based content moderation tech company Kinzen, which had been working in partnership with the streamer since 2020. At Spotify, Kinzen's technology will be put to use to help the company better moderate podcasts and other audio using a combination of machine learning and human expertise -- the latter which includes analysis from local academics and journalists, the company says. Founded in 2017 by Áine Kerr, Mark Little and Paul Watson, Kinzen's mission has focused on protecting public conversations from "dangerous misinformation and harmful content," according to its website.
20h ago
Associated PressNigeria regulator seeks $70M penalty in lawsuit against Meta
A Nigerian advertising regulator has sued Meta, accusing the owner of Facebook and WhatsApp of publishing unauthorized ads and seeking a 30 billion naira ($70 million) fine. The lawsuit filed in a local court by the Advertising Regulatory Council of Nigeria, or ARCON, is the regulator's latest action that analysts say could hurt businesses highly dependent on digital ads for their growth. Nigerian advertising laws require the regulator to approve ads based on certain criteria with the involvement of an advertising practitioner in Africa's largest economy.
17h ago
ReutersGM Financial to pay over $3.5 million to resolve claims it violated U.S. law
WASHINGTON (Reuters) -GM Financial, a unit of General Motors Co, agreed to pay over $3.5 million to resolve allegations it violated a U.S. federal law that provides certain benefits and protections to eligible servicemembers, the Justice Department said. GM Financial was accused of violating the Servicemembers Civil Relief Act by illegally repossessing 71 servicemembers' vehicles and by improperly denying or mishandling over 1,000 vehicle lease termination requests, the Justice Department said in a statement on Wednesday. GM Financial has agreed to pay $3.5 million to the affected servicemembers and a $65,480 civil penalty to the government, the Justice Department said, adding that the company will pay at least $10,000 to each of the 71 servicemembers who had their vehicles unlawfully repossessed.
14h ago
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A new study suggests that a billboard-like constellation of about 50 satellites, costing $65 million all in, could shine ads to every corner of the Earth for months — and potentially make money while doing so. The study, from Russian researchers at the Skolkovo Institute of Science and Technology (Skoltech) and Moscow Institute of Physics and Technology (MIPT), presents a fairly compelling case that is bolstered by the recent controversy around SpaceX's highly visible Starlink satellites. The paper's proposal involves sending up a constellation of about 50 satellites at a 12U CubeSat volume — think about the size of a full paper grocery bag.
13h ago
BloombergWhy More Than 40% of Ex-SPACs Are Running Out of Cash
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16h ago
American City Business JournalsBreaking: Universal Orlando affordable housing community to get school founded by Jeff Bezos
A 1,000-apartment affordable housing community that will rise on land in Orlando donated by Universal Parks & Resort has a prominent name attached: Amazon.com Inc. (Nasdaq: AMZN) founder Jeff Bezos. Developer Wendover Housing Partners LLC has signed a 10-year lease with Bezos Academy to open a tuition-free preschool on site at the community, called Catchlight Crossings. Founded in 2019 by Bezos — the world’s second-richest man — Bezos Academy is a network of Montessori-inspired preschools across three U.S. states.
2d ago
MarketWatchElon Musk buying Twitter ‘puts our democracy at stake,’ civil-rights advocates say
Right-wing figures are looking to Musk as their 'free-speech' champion and celebrated the news when he offered to buy Twitter in April.
11h ago
ReutersBank of America to invest $100 million in deposits to minority-owned banks
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2d ago
Watch: Truss Promises ‘Iron Grip’ on U.K. Finances After Market Turmoil
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22h ago
ReutersApple asks suppliers to shift some AirPods, Beats production to India - Nikkei
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iPhone 14 Plus Review: Big Screen, Big Battery, Not-as-Big Price
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Samsung quarterly profit set to slump 25%, first decline in nearly three years
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