Sylndr, with fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt

Cairo-based Sylndr has raised $15.7 million as it expands beyond online used car sales into auto financing, servicing, and tools for dealers. The round was led by Development Partners International’s Nclude Fund and included follow-on investments from Algebra Ventures and Nclude. The company, which operates in Egypt’s fast-growing but under-digitized vehicle market, said the latest […]

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Crypto elite increasingly worried about their personal safety

Cryptocurrency executives and other investors with significant wealth from crypto holdings are getting more serious about personal security, according to stories this weekend in both the Wall Street Journal and Bloomberg. While cryptocurrencies have always created unique security risks, it seems there’s a rising threat of violent abduction due to the growing value of Bitcoin, […]

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U.S. lawmakers have concerns about Apple-Alibaba deal

The Trump administration and congressional officials are scrutinizing a deal between Apple and Alibaba that would bring Alibaba-powered AI features to iPhones sold in China, according to The New York Times. Citing anonymous sources, the NYT says White House officials and members of the House Select Committee on China have asked Apple executives directly about […]

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MIT disavows doctoral student paper on AI’s productivity benefits

MIT says that due to concerns about the “integrity” of a high-profile paper about the effects of artificial intelligence on research and innovation, the paper should be “withdrawn from public discourse.” The paper in question, “Artificial Intelligence, Scientific Discovery, and Product Innovation,” was written by a doctoral student in the university’s economics program. It claimed […]

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TechCrunch Week in Review: Coinbase gets hacked

Welcome back to Week in Review! We’ve got tons of news for you this week, including a hack at Coinbase; YC thinks Google is a ‘monopolist’; layoffs at Microsoft; and much more. Have a great weekend! Uh-oh: Coinbase says that customers’ personal information, including government-issued IDs, was stolen in a data breach. The hackers demanded […]

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