Proptech startup MoradaUno is revolutionizing the rental market in Latin America by providing a solution to the restrictive deposit and guarantor requirements. The company’s underwriting process helps landlords feel more secure, making it easier for tenants to rent apartments. With a recent $5.6 million Series A funding, MoradaUno plans to expand its services to more…
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The European Union has opened an investigation into Corning, the US manufacturer of Gorilla Glass, over possible anti-competitive practices. The probe is focused on Corning’s dominant position in the global supply of protective glass screens for handheld electronic devices. If the EU finds Corning guilty, it could face penalties of up to 10% of its…
Oil giant BP has announced the cancellation of 18 early-stage hydrogen projects, sparking concerns about the future of the nascent industry. This move is expected to have a significant impact on the development of green hydrogen, which has the potential to reduce carbon pollution in various industries. The decision is seen as a setback for…
The Mozilla Foundation, the nonprofit arm of the Firefox browser maker, has laid off 30% of its employees as it reorganizes teams to increase agility and impact. The move is part of a broader effort to ensure a more open and equitable technical future, but has raised concerns about the future of advocacy and global…
Elon Musk’s acquisition of X has led to a surge in false and misleading information on the platform, with the billionaire executive using it as a propaganda machine in support of Donald Trump’s presidential campaign. The Center for Countering Digital Hate found that Musk’s posts have been viewed over 2 billion times, with many of…
Printful and Printify, two veteran European companies in the on-demand printing space, have announced a merger. The move aims to unlock greater economies of scale, efficiencies, and profitability. The combined company plans to expand into more markets, serving solo-entrepreneurs to Fortune 500 companies. The merger has already passed regulatory review and received overwhelming support from…
Anduril, a defense tech company co-founded by Palmer Luckey, is considering building its first major manufacturing plant, Arsenal-1, in Arizona, Ohio, or Texas. The facility will employ thousands of people and produce tens of thousands of autonomous military systems annually. Anduril plans to use the facility as a prototype for a faster, cheaper, software-defined factory…
The tech industry is experiencing a significant wave of layoffs, with over 130,000 job cuts across 457 companies in 2024. Major players like Tesla, Amazon, Google, and Microsoft have all conducted sizable layoffs, while smaller startups have also seen significant cuts. The impact of AI and automation on jobs is a major concern, and the…
VCs are warning startups against taking high valuations, as it can lead to difficulties in raising funds and may disincentivize employees. Startups should focus on creating a tight process, setting reasonable valuation expectations, and being prepared to negotiate on dollar amount, valuation, and stake size. In the next 6 months, we can expect to see…
OpenAI’s ChatGPT Search has been released, but it still has a long way to go before it can replace Google. While it excels at answering long, written-out research questions, it struggles with short queries, which are the most common type of search. This means that ChatGPT Search and other AI products are not replacing Google…