Tiger Global’s India returns ‘way below average’ but firm remains bullish, says Scott Shleifer

Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, even as he... Read more »

ValueBase, backed by Sam Altman’s Hydrazine, raises $1.6 million seed round

OpenAI CEO Sam Altman believes AI can help usher in “unbelievable abundance,” but he says he wants to ensure that such abundance is shared. Toward that end, Altman has... Read more »

MUFG, Japan’s largest bank, launches $100M fund for Indonesian startups

MUFG, Japan’s largest bank by market cap, announced today the launch of a $100 million fund focused on Indonesian startups. The fund, a collaboration between MUFG subsidiaries MUFG Innovation... Read more »

Snapchat now has more than 2 million paid subscribers

Snapchat has more than 2 million paid subscribers on its Snapchat+ program, the company said during its latest earnings report. Snap noted that the paid plan, which costs $3.99... Read more »

Egyptian financial services provider MNT-Halan valued at $1B in $400M funding

Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and... Read more »

Superstrata e-bike review: Rebel without a cause

Superstrata’s e-bike is a strange specimen — there’s no two ways about it. In some ways that makes sense; the bike’s concept, borne out in seamless 3D-printed carbon fiber,... Read more »

Tesla records $204M loss from bitcoin in 2022

Tesla recorded a $204 million impairment loss in 2022 on its bitcoin holdings, according to regulatory filings. The loss was offset by $64 million in profits from bitcoin trading,... Read more »

Energy X secures $20M at $120M valuation to slash building sector emissions

Countries worldwide have pledged to reduce their energy usage and reach net-zero energy targets by 2050. To get there, they will need to find clever ways to decarbonize especially... Read more »

Daily Crunch: Cell network provider Google Fi confirms customer data breach

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. As January is coming to a... Read more »

OpenAI releases tool to detect AI-generated text, including from ChatGPT

After telegraphing the move in media appearances, OpenAI has launched a tool that attempts to distinguish between human-written and AI-generated text — like the text produced by the company’s... Read more »
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