Posts

Warner Bros. Discovery ceases new HBO Max originals in Europe and shutters Cinemax Go

Image
HBO Max will cease new original programming in parts of Europe and the company will also shut down Cinemax’s TV Everywhere platform, Cinemax Go, as its parent company Warner Bros. Discovery moves through a restructuring. As reported by Variety on Monday, HBO Max originals like Hungarian drama “The Informant,” Swedish comedy “Lust” and “Kamikaze” from Denmark will be removed from the service in European territories such as Central Europe, Denmark, Finland, the Netherlands, Norway, Sweden and Turkey. On July 31, Warner Bros. Discovery is shuttering the free streaming service Cinemax Go, which simplifies the number of streaming services in its portfolio. The changes will save money for the company, keeping it on track for its previously revealed cost-cutting plan that has a target of $3 billion in savings. The company has a debt load of around $55 billion and its share price has steadily dropped since the merger between Discovery and WarnerMedia, with its current market cap sitting

Raising capital for robotics startups with Bee Partners and Rapid Robotics

Jordan Kretchmer founded Rapid Robotics with the mission of simplifying robotics for manufacturing by providing out-of-the-box automation solutions. Founded in 2019, the company quickly gained the attention of top VCs including Bee Partners who led Rapid Robotics seed round and participated in each of the following rounds. Hear Rapid Robotics pitch and learn why robotic companies are quickly (and easily) gaining VC money.  This TechCrunch Live event opens on July 6 at 11:30 a.m. PDT/2:30 p.m. EDT with networking. The interview begins at 12 p.m. PDT followed by the TCL Pitch Practice at 12:30 p.m. PDT. Register here for free. TechCrunch Live records weekly on Wednesdays at 11:30 a.m. PDT/2:30 p.m. EDT. Join us! Click here to register for free and gain access to all TechCrunch Live  events — including TechCrunch Live, City Spotlight, Startup Pitch Practice, Networking and other TechCrunch  community   events  — with just one registration. source https://techcrunch.com/2022/07/0

Founder of auto giant Geely buys Meizu as smartphone demand weakens

Remember Meizu, the once-promising competitor to Xiaomi ? The Alibaba-backed Chinese smartphone maker is making a comeback — in a way — as it gets acquired by the founder of Geely, China’s largest private automaker and Volvo’s parent comapny. China’s smartphone industry is notoriously competitive. Founded in 2003, Meizu has been making affordable, trendy Android-based smartphones that allowed it to gain brief moments of prominence at home and abroad. As of late, the phone maker’s market share in China has been marginal — 1% in Q4 2019, according to market research firm Counterpoint . But the firm is now taking another shot as Xingji Technology, a smartphone company launched by Geely’s founder and chairman Eric Li last September, acquired a controlling stake of 79.09% from it. Meizu will continue to operae as an “independent brand” following the strategic investment. Its founder Huang Zhang, also known as Jack Wong, will be involved as the brand’s “product strategy advisor.” The t

Ultrahuman busts out a smart ring to decode metabolic health

Image
Indian fitness platform, Ultrahuman , is expanding its wearable portfolio by launching a smart ring to boost its ability to provide tech loving ‘biohackers’ — and, it hopes, health-concerned Boomers — with more insightful metabolic insights. Sensors embedded in the forthcoming Ultrahuman Ring include temperature, heart rate and movement monitors, which enable the device to track the wearer’s sleep quality, stress levels and activity density, per CEO and co-founder, Mohit Kuma. The device is designed to work in conjunction with the startup’s existing wearable, a continuous glucose monitor (CGM) sensor-based service it brands ‘Cyborg’, to deepen the quality of insights for users — such as by identifying when a poor glucose response might be linked to a bad night’s sleep, say, or elevated stress levels, rather than putting all the focus on whatever it was the user ate right before their blood sugar spiked. The Ultrahuman Ring is not a CGM itself but it can function as a standalone heal

UK’s Oxford Quantum Circuits snaps up $47M for quantum-computing-as-a-service

Quantum computing has been making quantum leaps of progress in the last several years — going from theoretical concept to multiple testing environments, to help organizations prep for a time when quantum computers, and their unparalleled processing power, become a scaled reality. Now, UK-based Oxford Quantum Circuits is announcing £38 million ($47 million) in funding to fuel the growth of its own contribution to the space — a patented 3D processor architecture it calls Coaxmon , plus quantum-computing-as-a-service that will run on it. OQC says that this Series A is the largest to date for a UK-based quantum computing startup. “We work at pace, and our systems are being optimized. We’ll continue to scale and reduce error rates,” said Ilana Wisby, OQC’s founding CEO, in an interview. “Our vision is seamless quantum access.” Lansdowne Partners and The University of Tokyo Edge Capital Partners (UTEC) a deep tech fund out of Japan, are co-leading the round, with British Patient Capital,

MarketWolf is a trading-first platform for new investors

Live in India, Singapore-based MarketWolf has plans to introduce stock trading to first-time investors in more markets. The platform announced today it has raised $10 million in Series A funding led by Singaporean venture capital firm Jungle Ventures and Mumbai-based Dream Capital. Returning investors 9Unicorns, iSeed, Crescent and Riverwalk also participated. This brings MarketWolf’s total raised to $17.4 million since it was founded in 2017 (it launched in India in 2020). The new funding will be used to build product suite and on hiring for its product, marketing and engineering teams. MarketWolf wants to making trading accessible to first-timers with low minimum investment amounts and a risk management system, as well as modules for practicing and learning about investing. They can invest in options, futures, ETFs and stocks, starting at $5. Most of its users are in the 18 to 35 year old age bracket. MarketWolf’s risk-management features include setting mandatory risk and reward

India’s Tata Motors wants to sell 50,000 EVs by end of fiscal year

Mumbai-based automaker Tata Motors wants to sell 50,000 electric vehicles by the end of the fiscal year ending March 31, the company’s chairperson Natarajan Chandrasekaran said during a shareholders’ meeting on Monday. In the 2023/24 period, Tata — which produces passenger cars, trucks, vans, coaches, buses, luxury cars, and construction equipment — aims to hit 100,000 EV sales, according to Chandrasekaran, as reported by Reuters . The push towards EVs follows a national plan to ensure that up to 30% of total passenger car sales in India are electric by 2030, up from about 1% today. E-scooters and e-bikes will account for 80% of two-wheeler sales, up from 2% today. Given the Indian government’s high import duties on EVs, getting citizens to make the switch to electric will largely depend on the success of local production. After attempting to bring its EVs to the Indian market, Tesla appears to have abandoned efforts to set up a factory in t he country. Tesla usually has a “try befo

Popular posts from this blog