The United States Department of Commerce Monday proposed investing as much as $ 6.6 billion to fund a third Taiwan Semiconductor Manufacturing Company Limited (TSMC) fab in Arizona. The funding would arrive by way of the CHIPS and Science Act, in a bid to foster more domestic semiconductor production. The move represents a broader push […]
Amazon doubles down on Anthropic, completing its planned $4B investment
Amazon invested a further $ 2.75 billion in growing AI power Anthropic on Wednesday, following through on the option it left open last September. The $ 1.25 billion it invested at the time must be producing results, or perhaps they’ve realized that there are no other horses available to back. The September deal put $ […]
Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $ 100 million in a funding round as it plots expansion into new markets. TechCrunch learned from sources familiar with the deal that Uber led the Series B round, which includes sovereign wealth fund Mubadala and several other […]
Enterprise SaaS investment makes a comeback — but not where you’d expect
The global market for software is growing quickly. Gartner data indicates that software spend is the fastest-expanding segment of IT spend and that its pace of growth has accelerated in recent years. If Gartner’s forecasts bear out, the software portion of global IT spend could crest $ 1 trillion in 2024. Startups mostly build software. […]
New report confirms Europe’s tech investment doldrums, but there are signs of life
Europe is suffering from a big hangover after the tech investment party of the 2020-2021 period. That said, compared to pre-pandemic levels, VC investment in European startups is up, historically speaking, and reached $ 60 billion, according to a new report. However, the anomaly of the surge in investment over the pandemic stands in marked […]