Amazon Web Services (AWS), Amazon’s cloud computing business, has confirmed further details of its European “sovereign cloud” which is designed to enable greater data residency across the region. The company said that the first AWS sovereign cloud region will be in the German state of Brandenburg, and will go live by the end of 2025. […]
Accel leads $4M investment in Egyptian corporate cards platform Swypex
Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, particularly, are seeing more use than debit and credit cards combined). This surge in card usage, about 14% in the last four years, is primarily due to the incentives introduced by fintech companies and banks, attracting millions of Egyptian consumers who […]
China tensions underline US investment in TSMC
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 […]