Mexico City’s Kolors wants to disrupt intercity busing in Latin America

Kolors, a Mexico City-based startup, says its platform that connects intercity bus riders with bus drivers is like “if Uber and Southwest Airlines had a baby.” Like Uber and... Read more »

Rock the Kasbosch? Bosch has a new, $295M VC fund

Bosch’s venture arm just announced its fifth fund, saying it’s on the lookout for startups with the “potential to improve quality of life and conserve natural resources.” The new,... Read more »

Xiaomi appoints Alvin Tse as General Manager of India business

Xiaomi is elevating Alvin Tse, a veteran at the firm, as the General Manager for its India business as the Chinese technology group bolsters its efforts to fight increasing... Read more »

Coinbase extends hiring freeze, rescinds some accepted offers

Coinbase announced today that it will extend its hiring freeze and revoke accepted offers from some candidates who haven’t started their roles yet. The third-largest crypto exchange by volume,... Read more »

Temasek’s Pavilion Capital backs South Korean AI chip maker Rebellions with $50M investment

Global venture capital firms are pouring money into the semiconductor startups developing the next generation of chips. Semiconductors, which have become a valued asset, are used in virtually almost... Read more »

Cruise can finally charge for driverless robotaxi rides in San Francisco

Cruise, the autonomous vehicle unit of General Motors, has finally been given the green light to start charging fares for its driverless robotaxi service in San Francisco. The California... Read more »

Social app IRL lays off 25% of team, says it has enough cash to last well into 2024

“We have all seen the state of the market,” IRL CEO and co-founder Abraham Shafi wrote in a company-wide memo where the social app announced it would be dramatically... Read more »

Daily Crunch: To manage high-demand products, Amazon unveils invitation-based ordering system

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to June 2,... Read more »

Insurtech Policygenius cuts 25% of staff, less than 3 months after raising $125M

Policygenius, an insurtech that raised $125 million in a Series E round less than three months ago, has reportedly laid off 25% of its staff. The number of employees... Read more »

Mozilla brings free, offline translation to Firefox

Mozilla has added an official translation tool to Firefox that doesn’t rely on cloud processing to do its work, instead performing the machine learning–based process right on your own... Read more »
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