Solar startup Niko is building Mexico's first virtual power plant

When Edoardo Dellepiane and Raffaele Sertorio founded Niko Energy in 2023, they saw ample opportunity in Mexico's underdeveloped solar market. Despite the fact that many parts of the country are bathed in sunlight, it has strikingly few solar installations. After more than a year of helping so

DeepSeek's app becomes unavailable on Apple's and Google's app stores in Italy

Hours after Italian authorities requested information from DeepSeek about how the company handles user data, the Chinese AI startup’s app is no longer available in Apple’s App Store and Google’s Play Store. The app has claimed the top spot in the download charts in multiple count

Uber-backed mobility fintech Moove acquires Brazil's Kovi, takes ARR to $275M

Uber-backed Moove, an Africa-born mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers across six continents, has acquired Kovi, a Brazilian urban mobility provider. The value of the deal is not being disclosed, but Moove confirmed it was an all-share transaction

ChatGPT’s mobile users are 85% male, report says

The AI bubble hasn’t burst yet, at least when it comes to consumer spending on AI apps. Led by OpenAI’s ChatGPT, overall spending on AI apps jumped to $1.42 billion in 2024, according to app analytics firm Appfigures. This marks a 274% increase from 2023 (the app launched in May of th

Meteomatics eyes US expansion for its enterprise-focused weather forecasting tools

Martin Fengler knows a lot about the weather. Fengler got his PhD in mathematics, focused on numerical weather prediction, before working for Meteomedia AG, a network of weather stations in Switzerland and Germany. But while he knew a lot about weather forecasting from the prediction side, he reali

Formance raises $21M to build the AWS for fintech infrastructure

If you talk to a fintech entrepreneur about their business, chances are they'll end up talking about ledger issues at some point. A ledger is a record of money movements that serves as the source of truth for financial assets, but when a company starts having multiple bank accounts, payment p

This fintech has a fix for the biggest cross-border payments issues in Francophone Africa

Until a few years ago, it used to be difficult to make payments across borders almost anywhere in the world. But it’s still a big problem in Africa, where fragmented, disconnected systems, high fees, and poor infrastructure make it tough for businesses and individuals to move money quickly an

Shared scooter startup Voi reports its first profitable year as it explores an IPO

Swedish shared micromobility giant Voi had its first profitable year in 2024, according to preliminary unaudited results the company shared exclusively with technewss.  Voi, which offers shared e-scooters and e-bikes across more than 100 markets in Europe, recorded €132.8 million ($138 million

DeepSeek reaches No. 1 on US Play Store

Chinese AI lab DeepSeek‘s Android app has taken the No. 1 spot on the Google Play Store, mere days after the company’s chatbot app clinched the top spot on the Apple App Store. According to app analytics firm AppFigures, since its launch in mid-January, the DeepSeek app has been downlo

Naboo secures $21M for its concierge-style corporate event booking platform

If you’ve ever tried to book a venue for a company event, you’ll know how onerous a task it can be. You have to contact multiple vendors, wait for quotes, evaluate them, see if you can get a good deal, and then get all that approved. So it makes sense that depending on the size of the g

DeepSeek triggered a wild, baseless rally for some Chinese stocks

Chinese AI company DeepSeek made global headlines for helping spark a massive sell-off in U.S. tech stocks on Monday, with Nvidia dropping almost 20%. In China, the hype around DeepSeek has sent shares of some public companies with supposed ties to it soaring. The problem: There's no evidence

Figure AI details plan to improve humanoid robot safety in the workplace

Safety is often overlooked in the rush to bring humanoid robots to the workplace. As high-profile corporations ranging from retailers like Amazon to carmakers such as Mercedes and BMW have announced humanoid pilots for factories and warehouses, conversations around worker safety are regularly burie

Bookshop.org challenges Amazon with new e-book platform

Indie bookstore backer Bookshop.org launched an e-book platform on Tuesday, making it easier for readers to buy e-books without padding Jeff Bezos’ pockets. For years, Amazon’s chokehold and sway in the publishing industry have been so strong that authors and booksellers have accused th

Hugging Face researchers are trying to build a more open version of DeepSeek’s AI ‘reasoning’ model

Barely a week after DeepSeek released its R1 “reasoning” AI model — which sent markets into a tizzy — researchers at Hugging Face are trying to replicate the model from scratch in what they’re calling a pursuit of “open knowledge.” Hugging Face head of research Le