Month: July 2024

Joby Aviation is betting on hydrogen-electric aircraft for regional flight

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Joby Aviation is still a year away from commercially launching its electric air taxi designed for urban environments, but the startup is already looking towards its next chapter: Intercity flight, powered by hydrogen.  To get the conversation started with regulators and demonstrate hydrogen’s capabilities, Joby told TechCrunch that it completed a 523-mile test flight with … Read more

As Microsoft leaves its observer seat, OpenAI says it won’t have any more observers

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Months after Microsoft gained an observer seat on OpenAI’s board, the company is leaving the position of the non-voting seat. In a letter sent to OpenAI on Tuesday, Microsoft said that the company has seen enough progress being made in the AI company and is confident in its direction, according to Axios. OpenAI said that … Read more

Nala to use $40M Series A to build B2B payments platform, scale remittance services

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Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa.  The oversubscribed round was led by San Francisco-based VC firm Acrew Capital, with participation from DST Global, Norrsken22, HOF Capital, … Read more

Paradox delays the console release of Cities Skylines 2 indefinitely, says ‘we have not yet met the stability and performance targets we set’

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The console version of Cities Skylines 2 has unfortunately been delayed once again. Cities Skylines 2 launched on PC in October and was also expected to release on PS5 and Xbox Series X|S at the same time. However, the console edition was delayed to spring 2024, less than a month before its intended launch, so publisher Paradox … Read more