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  • Grab-Singtel and Ant Group win digital bank licenses in Singapore

    Singapore on Friday granted four firms including Ant Group and Grab the licenses to run digital banks in the Southeast Asian country, in a move that would allow tech giants to expand their financial services offerings. The nation’s central bank, Monetary Authority of Singapore (MAS), said it applied a “rigorous, merit-based process” to select a […]

    December 4th, 2020 08:37 AM

    SunCulture wants to turn Africa into the world’s next bread basket, one solar water pump at a time

    The world’s food supply must double by the year 2050 to meet the demands from a growing population, according to a report from the United Nations. And as pressure mounts to find new crop land to support the growth, the world’s eyes are increasingly turning to the African continent as the next potential global breadbasket. […]

    December 4th, 2020 08:34 AM

    China’s internet regulator takes aim at forced data collection

    China is a step closer to cracking down on unscrupulous data collection by app developers. This week, the country’s cybersecurity watchdog began seeking comment on the range of user information that apps from instant messengers to ride-hailing services are allowed to collect. The move follows in the footstep of a proposed data protection law that […]

    December 4th, 2020 03:20 AM

    YC-backed LemonBox raises $2.5M bringing vitamins to Chinese millennials

    Like many overseas Chinese, Derek Weng gets shopping requests from his family and friends whenever he returns to China. Some of the most wanted imported products are maternity items, cosmetics, and vitamin supplements. Many in China still uphold the belief that “imported products are better.” The demand gave Weng a business idea. In 2018, he […]

    December 3rd, 2020 10:25 PM

    Health tech venture firm OTV closes new $170 million fund and expands into Asia

    OTV (formerly known as Olive Tree Ventures), an Israeli venture capital firm that focuses on digital health tech, announced it has closed a new fund totaling $170 million. The firm also launched a new office in Shanghai, China to spearhead its growth in the Asia Pacific region. OTV currently has a total of 11 companies […]

    December 3rd, 2020 09:54 PM

    WH’s AI EO is BS

    An executive order was just issued from the White House regarding “the Use of Trustworthy Artificial Intelligence in Government.” Leaving aside the meritless presumption of the government’s own trustworthiness and that it is the software that has trust issues, the order is almost entirely hot air. The EO is like others in that it is […]

    December 3rd, 2020 07:09 PM

    Joe White MBE appointed new UK Consul-General in SF, with new Technology Envoy role

    Joe White MBE — a general partner of Entrepreneur First, a Greylock-backed early-stage deep tech fund — is leaving after being appointed as Her Majesty’s Consul-General, San Francisco, and Technology Envoy to the United States in a new, combined and powerful, role for the U.K. government. One of the key figures from the last two […]

    December 3rd, 2020 07:02 PM

    Daily Crunch: Google fires co-lead of its Ethical AI team

    Google fires a leading researcher, Stripe launches a new banking service and WarnerMedia shakes up the theatrical business model. This is your Daily Crunch for December 3, 2020. The big story: Google fires co-lead of its Ethical AI team Timnit Gebru, a leading researcher in the field of ethics and artificial intelligence, tweeted last night […]

    December 3rd, 2020 06:12 PM
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