economy

New MIT CSAIL study suggests that AI won’t steal as many jobs as expected

Will AI automate human jobs, and — if so — which jobs and when? That’s the trio of questions a new research study from MIT’s Computer Science and Artificial Intelligence Labora

Sardine raises $51.5M led by a16z to sniff out fishy fintech transactions

As fintechs become more efficient, so too do fraudsters. “Faster instant payments mean faster fraud,” Sardine CEO and co-founder Soups Ranjan told TechCrunch. That’s the thesis behin

Sources say Web Summit Ventures will be a new $40M follow-on fund

Web Summit, one of the world’s largest events centered around technology startups, is to launch a brand-new venture capital vehicle consisting of two new funds, TechCrunch understands. The move

Retail tech startup Swiftly valued at $1B after bagging another $100M

Swiftly’s technology taps into that online shopping experience to make shopping at a brick-and-mortar store just as engaging and easy.

OurCrowd announces its new $200M Global Health Equity Fund

OurCrowd, the global crowdfunding venture firm, today announced its newest fund. As the organization announced at today’s Clinton Global Initiative event in New York, it is partnering with the WHO F

Fintech app Portabl raises $2.5M to help consumers securely store financial data

It provides identity management and protection for financial services, banking and consumer apps.

‘Just break even’ may be the worst possible advice for startups in turbulent times

A significant number of companies are following popular advice to try and break even, but the sad truth is that this is probably the worst possible advice for most startups right now.

Institutions investing in crypto haven’t ‘wavered one inch,’ LMAX CEO says

LMAX Group CEO David Mercer said institutions are unfazed by crypto assets continuing to trade far below all-time highs.

Meltem Demirors on why society isn’t ready for a crypto-driven revolution yet

Meltem Demirors hasn’t just been working in crypto for seven years — she’s been shaping its trajectory. Demirors, chief strategy officer at publicly traded European digital asset man

Maven’s a16z-backed live learning platform pivots from creators to experts

Maven, co-founded by Udemy’s Gagan Biyani and AltMBA’s Wes Kao, began in 2020 with a startup idea that perfectly combined two booming sectors: the creator economy and edtech. The startup sold coho

KKR dives into Avalanche blockchain to tokenize and ‘democratize’ financial services

KKR & Co. is tokenizing a part of one of its private equity funds — a step that may provide institutional private market strategies to more individual investors.

Runa Capital kicks off new fund as it joins the VC ‘Scramble for Europe’ by moving to Luxembourg

TechCrunch understands Runa Capital, which launched in 2010, has raised $55 million toward its fourth fund, aiming for a target of $250 million. The company is declinging to comment. However, after 12

Xeneta makes a splash with $80M on a $265M valuation to scale its crowdsourced sea and air freight analytics

The wheels of global commerce continue to turn, through wars, pandemics and economic downturns; and today a startup taking a new tech approach to improve the workings of one of the more antiquated asp

Funds can no longer just be a source of capital

Rather than the main focus being on the next funding round, founders have the opportunity to reprioritize and rebuild. Funds can do that, too.

Stockholm’s EQT Growth closes $2.2B to fund scaling European startups like Vinted, Mambu and Epidemic Sound

The days of European startups relocating to the U.S. if they want to grow (and raise money to do so) have been receding in the rearview mirror for a while now, so much so that even in these leaner tim

VC fundraising gets weird as autumn nears

The first half of 2022 broke fundraising records at VC firms, but everyone we spoke to expected fundraising to slow by the end of the year. While it is slowing down, it's also getting weird.

Crypto’s biggest powerhouse flexes on its competition

Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the crypto curious. For our Thursday episode this week, we d

Want to survive the crypto winter? Start by inspiring regulatory confidence

Today’s weather may be harsh, but the next phase of cyrpto is coming. Those who can inspire regulatory confidence will be better positioned to be on its leading edge.

The weakest link: Charting supply chain risk in an era of globalization

It’s not just a feeling: geopolitical risk has been higher than usual in recent years, and for businesses with supply chain operations spanning the world, these risks are hard to avoid.

To reach fintech’s next level, infrastructure providers must address these pain points

As long as infrastructure providers are able to specialize to address the pain points of their customers, they can be an asset to any market they serve.
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