The major tech platforms push back against the House antitrust report, Google Assistant gets a “guest” mode and we interview a freshly minted Nobel laureate. This is your Daily Crunch for October 7, 2020. The big story: Big tech responds to antitrust report The House Judiciary Committee released its tech antitrust report late yesterday, concluding […]

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The goal of Sight Tech Global, a virtual, global event on December 2-3, 2020, is to gather the world’s top experts who are applying advanced technologies, notably AI, to the future of accessibility and assistive tech for people who are blind or visually impaired. Today we’re excited to roll out most of the agenda. There […]

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After demonstrating scale, growth and financial improvement, one founder of a two-year-old agritech startup based in India told me that he’s now confronting a new challenge: Unlike his peers in edtech, fintech or e-commerce, there are very few investors he could approach for raising funds, he told TechCrunch, requesting anonymity. He suggested that a startup […]

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Amazon has sent a legal notice to Future Retail, India’s second largest retail chain, for breaching the terms of its contract by selling a significant portion of the business to Ambani’s Reliance Retail. Future Group announced in late August that it was selling its retail and wholesale business, as well as its logistics and warehousing […]

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Big tech has responded to the mammoth antitrust report put out by the U.S. House Judiciary Committee yesterday with blanket denials there’s any monopolistic behaviour or competitive imbalances to see here. Below is a quick run down of Amazon, Apple, Facebook and Google’s rebuttals. Among the committee’s (many) recommendations are structural separations and prohibitions on […]

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The U.S. House Judiciary Committee has finally released its omnibus report  on its investigation into the monopoly powers held by Apple, Amazon, Alphabet, and Facebook and its findings will do nothing to stem the power of big tech. For startups, the most relevant points are the potential solutions the committee proposes for addressing big tech […]

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When Alexa launched six years ago, no one imagined that by today there would be hundreds of millions of Alexa-enabled devices or that Alexa would become part of so many lives. For people who are blind or visually impaired, voice assistants are a huge convenience, whether you are calling a loved one, cooking a meal, […]

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A new forecast released today estimates Amazon’s delayed Prime Day sales event will top last year’s by bringing in an estimated nearly $10 billion in worldwide sales when it runs later this month. According to eMarketer, which released its first-ever Prime Day forecast, consumers will continue to spend heavily on e-commerce and seek out deals […]

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Venmo’s first credit card is here, a former Amazon employee is arrested for fraud and we review the Nest Audio smart speaker. This is your Daily Crunch for October 5, 2020. The big story: Venmo launches a credit card PayPal -owned mobile payment app Venmo already offers a Mastercard-branded debit card, and it announced a […]

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Amazon today disclosed that a former employee has been arrested for committing fraud against the online retailer. The company says it reported Vu Anh Nguyen to the Federal Bureau of Investigation in July 2020 for falsely issuing refunds to himself and his associates for products ordered on Amazon.com. The U.S. Dept. of Justice on Friday […]

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World events have so far not stopped the enthusiasm for tech investing, and really, where else are those dollars going to go?

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Last October, Venmo announced it would launch its first credit card sometime in 2020. Today, the PayPal-owned company is making good on those promises with the debut of the Venmo Credit Card, initially rolling out to select customers. The Visa card offers 3% cash back on eligible purchases, personalized rewards and tools to track and […]

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Facebook today says it has filed a lawsuit in the U.S. against two companies that had engaged in an international “data scraping” operation. The operation extended across Facebook properties, including both Facebook and Instagram, as well as other large websites and services, including Twitter, Amazon, LinkedIn and YouTube. The companies, which gathered the data of […]

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It looks like we’re in for another big tech CEO hearing. The Senate Commerce Committee voted Thursday to move forward with subpoenas for Twitter’s Jack Dorsey, Facebook’s Mark Zuckerberg and Sundar Pichai, the CEO of Alphabet. The unusual decision to subpoena the social media chief executives adds yet another politically volatile event to the schedule […]

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Welcome back to Human Capital, a weekly digest about diversity, inclusion and the human labor that powers tech. This week, we’re looking at a number of topics because a lot went down. Coinbase CEO Brian Armstrong took a controversial stance on social, Clubhouse found itself under scrutiny again, but this time around anti-Semitism and a […]

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Which neobanks will rise or fall?

  • Oct 03, 2020

Neobanks have created a new tech stack, completely changing the services, products and speed at which they are delivered, and creating more fluidity in payments and currencies.

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GIC, Singapore’s sovereign wealth fund, will invest $752 million in Mukesh Ambani’s Reliance Retail, and TPG will invest $250 million in the Indian firm, they all said Saturday midnight (local time). The Government of Singapore Investment Corp and TPG are the latest high-profile investors to back Reliance Retail, India’s largest retail chain, in the past four […]

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Trapped-ion quantum computing startup IonQ today announced the launch of its latest quantum computer, which features what IonQ calls “32 perfect qubits with low gate errors.” Using IBM’s preferred quantum benchmark, IonQ expects to hit a quantum volume of 4,000,000. That’s a massive increase over the double-digit quantum volume numbers that IBM itself recently announced […]

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Not to be confused with the smart TV platform of the same name (2010-2014, RIP) or the Android TV platform it’s built on top of, Google has just taken the wraps off the new Google TV. The name refers to the interface for the new, aptly titled Chromecast with Google TV, combining streaming services, live […]

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Twitch today is introducing a new tool, Soundtrack by Twitch, that will allows it creators to add licensed music within their streams. The feature, which has been in development over the past year, is meant to not only make it easier to find rights-cleared music, but also to address the ongoing issues creators face with […]

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European lawmakers are considering new rules for Internet giants that could include forcing them to share data with smaller rivals and/or put narrow limits on how they can use data in a bid to level the digital playing field. Other ideas in the mix are a ban on dominant platforms favoring their own services or […]

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Retailers and consumer brands are focused more than ever in their histories on using e-commerce channels to connect with customers: the global health pandemic has disrupted much of their traditional business in places like physical stores, event venues and restaurants, and vending machines, and accelerated the hunt for newer ways to sell goods and services. […]

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Amazon unveils a new biometric ID technology, the Biden campaign takes aim at Facebook and iRobot’s co-founder joins a robotic gardening startup. This is your Daily Crunch for September 29, 2020. The big story: Amazon lets you pay with your palm The company announced a new biometric device for Amazon Go stores. Called Amazon One, […]

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Amazon today is launching a new service called Amazon Explore that allows customers to book live, virtual experiences led by local experts. The experiences may be focused on creativity, learning DIY skills, taking virtual tours of far-off places or cultural landmarks or, in some cases, shopping local boutiques from around the world. For example, you […]

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Huboo, the U.K.-headquartered startup that offers an end-to-end fulfilment service for online retailers of all sizes, has raised £14 million in Series A funding. The round is led by Stride.VC, with participation from Hearst Ventures. Existing investors, including Episode 1, Maersk Growth, Ada Ventures and True Capital all followed on, bringing Huboo’s funding to £18 […]

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As Amazon‘s biggest shopping day of the year approaches, a new report reveals that the company’s investments in automation and safety have not stemmed surging numbers of serious injuries in the company’s warehouses and fulfillment centers. Even as Amazon spends tens of millions on new robotics and technologies to automate its warehouses, workers are still […]

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Amazon is introducing a personal shopping service for men’s fashion. The service, now available to Prime members, is an expansion of the existing Personal Shopper by Prime Wardrobe, a $4.99 per month Stitch Fix rival, originally aimed at women. With Personal Shopper by Prime Wardrobe, an Amazon stylist selects an assortment of fashion items that […]

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In the middle of a pandemic when customers are often wearing plastic gloves to stores alongside their face masks, Amazon’s physical retail team is introducing a new biometric device that will allow shoppers to pay at Amazon Go stores using their palm. The company on Tuesday introduced its purportedly “contactless” Amazon One, a scanner of […]

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Anyone can access portions of a web portal used by law enforcement to request customer data from Amazon, even though the portal is supposed to require a verified email address and password. Amazon’s law enforcement request portal allows police and federal agents to submit formal requests for customer data along with a legal order, like […]

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Holiday shopping season is getting a big head start this year. Amazon today announced that it will hold Prime Day — its annual mega global sale event on a big range of items, including toys, TVs, electronics, fashion, beauty, kitchen, home and Amazon Devices — on Tuesday, October 13 (midnight PT) and carrying on through […]

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