Hackers stole the sensitive personal information of more than 14.6 million Mr. Cooper customers, the mortgage and loan giant has confirmed. In a filing with Maine’s attorney general’s office, Mr. Cooper said the hackers stole customer names, addresses, dates of birth, phone numbers, as well as customer Social Security numbers and bank account numbers. Mr. Cooper previously said that customer … [Read more...]
Apple Watch Series 9 sales to be halted over patent dispute
Apple will be halting sales of its Series 9 smartwatch, TechCrunch has confirmed. The news, shared by 9to5Mac, follows an October ruling by the International Trade Commission (ITC), owing to a patent dispute with California-based med tech firm, Masimo. The dispute stems from the blood sensor monitor on the latest flagship smart Watch. The move goes into effect through online Apple Store at 3PM … [Read more...]
ServiceNow dives deeper into task mining with latest acquisition
ServiceNow announced this morning that it was acquiring Czech Republic task mining company UltimateSuite, giving the company a new way to capture and understand how work flows through a business. The companies did not reveal the price, but it was a 3-year old startup that had raised €768,000 (approximately $839,000), so likely not a huge number. Task mining is a part of process mining, a growing … [Read more...]
MongoDB investigating security incident that exposed data about customer accounts
Database management giant MongoDB says it’s investigating a security incident that has resulted in the exposure of some information about customers. The New York-based MongoDB helps more than 46,000 companies, including Adobe, eBay, Verizon, and the U.K.’s Department for Work and Pensions, manage their databases and vast stores of data, according to its website. The company’s offerings include its … [Read more...]
Adobe and Figma end $20B acquisition plans after regulatory headwinds in Europe
Adobe’s $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans. “Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and Figma mutually agreed to terminate the transaction based on a joint assessment that there … [Read more...]
Apple experiments to let developers offer discount bundles on subscriptions
Apple has started experimenting a feature on the App Store that allows developers to offer “contingent pricing” for subscriptions. That means developers can club subscriptions for two apps at a discounted price. In an update on the developer blog, the company said the update lets developers charge a discounted price even if the app’s subscription goes up as long as consumers have subscribed to the … [Read more...]
As the SEC’s new data breach disclosure rules take effect, here’s what you need to know
Starting from today, December 18, publicly-owned companies operating in the U.S. must comply with a new set of rules requiring them to disclose “material” cyber incidents within 96 hours. The regulation represents a significant shake-up for organizations, many of which have argued that the new rules open them up to more risk and that four days isn’t enough time to confirm a breach, understand its … [Read more...]
Elon Musk’s X faces first DSA probe in EU over illegal content risks, moderation, transparency and deceptive UX design
It’s official! Elon Musk’s X marks the spot of the first confirmed investigation opened by the European Union under its rebooted digital rulebook, the Digital Services Act (DSA). Announcing the opening of a “formal proceeding” today, the European Commission said the investigation will look at whether the social networking platform may have breached rules linked to risk management, content … [Read more...]
Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says
Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. According to the company, its food delivery business didn’t align with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast. As a result, Jumia Food will cease to … [Read more...]
Meltwater, the media monitoring startup, gets a $65M investment from Verdane
Meltwater, which first made its name around media monitoring and then got active in business intelligence using AI and big data analytics techniques, is picking up a new investor. Verdane, a Norwegian private equity firm that earlier this year closed a $1 billion+ fund to make investments in scaling tech companies, is taking an 11% stake in Meltwater, at a company valuation of €542 million ($592 … [Read more...]
IBM to acquire StreamSets and WebMethods from Software AG for $2.3B
IBM is doling out €2.13 billion ($2.3 billion) to acquire a duo of data integration assets from Germany-based enterprise software company Software AG. The all-cash deal will see IBM take ownership of StreamSets, a data integration platform that Software AG had acquired just last year, and WebMethods, which Software AG bought for more than $500 million back in 2007. It’s worth noting that Software … [Read more...]
May Mobility’s driverless microtransit might beat robotaxis to profitability
Autonomous vehicle company May Mobility has launched its first driverless on-demand microtransit service on public roads in Sun City, Arizona in partnership with transit tech company Via. The milestone is in line with May Mobility’s goal of launching rider-only operations by 2023. It also signals that the gentle onramp approach to commercializing autonomy could be working for the startup. Sun City … [Read more...]
Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding
Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly-owned company by Saudi’s sovereign wealth fund Public Investment Fund (PIF), led the Series C round. Other backers include … [Read more...]
Cruise cuts a quarter of its self-driving workforce, another e-scooter startup folds and a special year-end message
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Hello! And goodbye! Well, at least until 2024. The … [Read more...]
IT budgets should increase in 2024, but it still could be tough going for startups
I think most people would agree that 2023 was a challenging time to be a startup. There were lots of layoffs as companies struggled to make the transition from growth to profitability. Meanwhile, sales cycles were longer and many startups struggled to grow at a decent pace. As we start to see the economic signals improve a bit with inflation letting up, the cost of money dropping, and most … [Read more...]
Fintech’s wild ride in 2023
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! What a year This is the last edition of The Interchange for 2023 — it’s hard to believe that the year is almost over. It was an eventful 12 months, even if funding was down. We saw a … [Read more...]
The Rule of X and how cloud leaders should think about growth versus profit
Byron Deeter Contributor More posts by this contributor Recognizing Probabilities In Budgeting And Forecasting Sam Bondy Contributor As interest rates have returned to historical norms, the world has returned its focus to cost of capital and free cash flow generation. Businesses are working hard to conform to … [Read more...]
Google’s Gemini comes to more apps, Cruise slashes its workforce and Tesla issues a recall
Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular newsletter covering the major happenings in the tech-o-sphere — or most of them, anyway. As the world’s largest AI conference, NeurIPS, got underway in sunny New Orleans, Google shared more on Gemini, its flagship AI model family — and lots happened elsewhere. In this edition of WiR, we cover Cruise slashing 24% of its driverless … [Read more...]
Democracies are fragile, and hardware is hard
Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Journalists and readers love scoops. But sometimes it’s important to state the obvious. This week, I’m reminded that democracies are fragile but that technology can help. And also that crowdfunding … [Read more...]
Google moves to end geofence warrants, a surveillance problem it largely created
Google will soon allow users to store their location data on their devices rather than on Google’s servers, effectively ending a long-running surveillance practice that allowed police and law enforcement to tap Google’s vast banks of location data to identify potential criminals. The use of so-called “geofence warrants” have exploded in recent years, in large part thanks to the ubiquity of … [Read more...]
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