Uber acquires Careem for $3.1 billion to dominate ride-hailing in the Middle East

Uber has acquired Careem, a major player in the ride-hailing space across the Middle East, for $3.1 billion in cash and convertible notes. The latter will continue to operate as an independent company. The news comes after weeks of rumors about the deal. It’ll see Uber gain a stake in 14 countries where Careem operates with more than 30 million users and 1 million drivers. That includes Saudi Arabia, the United Arab Emirates, Iraq, Qatar, Bahrain, Lebanon, Pakistan, Kuwait, Egypt, Morocco, Jordan, Sudan, Palestine, and Turkey. Uber has chosen not to rebrand Careem at this time. The new owner’s CEO,…

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TNW Podcast: Boris comes over to co-host; Slack’s Cal Henderson talks European tech

Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii is joined by Boris Veldhuijzen van Zanten, co-founder, member of the board, and former CEO of TNW. The topics discussed include the jobs created by Dutch startups, giant state funding for energy projects, translations of the word ‘computer’, and a bunch of other things in between. In the interview section, we’re featuring a conversation with Cal Henderson, co-founder and… This story continues at The Next Web from The Next Web https://ift.tt/jUgcNFD

NotJordanPeterson lets you generate uncannily realistic Jordan Peterson sound bites

Love him or hate him, Canadian psychologist Jordan Peterson has undeniably captivated the interest of supporters and critics alike, earning a reputation as a “rock star” academic – similarly to his colleague and debate rival Slavoj Zizek. Now he’s being replicated, by AI. While you can easily find hours of footage with Peterson, none of what you hear in this piece comes from his mouth. Instead, it’s been produced by a neural network – called NotJordanPeterson – which has been trained to mimic the voice of the psychologist. And the resemblance is… absolutely uncanny. Check out these examples we generated… This story continues at The Next Web from The Next Web https://ift.tt/306hAGA

Partech raises $100M to back startups supporting new post-coronavirus reality

French venture capital firm Partech has raised a $100 million Seed fund to invest in post-COVID19 trends in health, work, commerce, finance, mobility, and computing. Partech, which has in the past backed UK data startup Privitar and French fintech company October, will be scouting the European, US, and Asian ecosystems. [Read: What’s venture capital and why does it matter for startups?] “While 3 billion people are confined at home, digitalization is bound to dramatically accelerate across sectors and ‘remote’ is emerging as a new standard,” reads the announcement post. “This redefines how people live, work and consume, while businesses have to… This story continues at The Next Web from The Next Web https://ift.tt/35cPpJ9

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