markets

“Embracing Eco-Friendly Solutions: Varaha’s Aid in Alleviating Climate-Damaging Techniques Among Indian Farmers”

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However, awareness of the monetary and environmental benefits associated with carbon credits is low. It was early, as no methodologies were available at the time to create carbon credits from agriculture. However, the 34-year-old entrepreneur decided to start his venture once the methodologies started appearing in developed markets, including the U.S. and Europe. Unlike nature-based credits, carbon credits from renewable energy projects are easy to measure and record and do not involve co-benefits to nature. That said, the rigorous oversight helps bring high-quality carbon credits that can be sold globally.

“Global Debut: OnePlus 12 Series Unveiled by OnePlus”

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OnePlus launched the OnePlus 12 series globally today, bringing an R-series device to North America and Europe for the first time. The company also launched the $99 OnePlus Buds 3 wireless buds apart from the OnePlus 12 (starting at $799) and the OnePlus 12R (starting at $499). Last year, OnePlus launched just the $699 OnePlus 11 in the U.S., while the OnePlus 11R was limited to India and China. The OnePlus 12 boasts a 6.82-inch 1440p display with the company claiming it reaches up to 4,500 nits of brightness. OnePlus is opting for a triple camera setup in the OnePlus 12 with a 50-megapixel Sony LYT-808 sensor, which has a f/1.6 aperture.

EU Users to Gain Control over Cross-Site Tracking Under Digital Markets Act Enforcement

Meta Announces Subscription Services For Facebook And Instagram
The Digital Markets Act (DMA) applies to just six (mostly US) tech giants, including Meta. The incoming choices will also enable regional users of Facebook Messenger to stop Meta combining their data with their use of its social network. This is the only alternative Meta currently offers EU users who don’t want it to process their information to run tracking ads. And it remains to be seen whether EU data protection regulators will accept it. An ex ante reform of digital competition law in Germany already led to Meta making some concessions over cross-site tracking last June.

Survival Strategy for Fledgling Businesses: Exploring the Possibility of Private Equity as an Exit Option

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Alternative sources of liquidity are therefore top of mind — there’s a towering pile of private companies in need of an exit, or a bailout. The Exchange explores startups, markets and money. Note that TechCrunch, like many publications, focuses only on private unicorns while Cowboy Ventures is also counting those that have gone public. But the good news is that some untraveled and overgrown exit paths have a chance of opening up this year. Let’s talk private equity, startups, and their possible marriage this year.

Amazon Prime Video to End Local Originals Support in Africa and Middle East

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Amazon Prime Video is said to be downsizing its Africa and Middle East operations in a move that will affect teams in the two regions; according to a Variety report, the company will instead focus on European originals. Following the changes, Prime Video will stop contracting originals in Africa and Middle East markets. It’s interesting to note that Amazon Prime Video entered the African market in 2016 as part of its global expansion to over 200 countries, presenting substantial competition to Netflix’s simultaneous global launch. As the third-largest video streaming platform in Africa, Amazon Prime Video aimed to strengthen its subscriber base in emerging markets by launching localized plans. The strategy included increased investment in local production, unveiling slates of localized originals, and offering discounted Amazon Prime memberships to customers.

Hertz’s Troubled EV Rollout: Ride-Share Drivers Bear the Brunt

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Hertz is selling its EVs because it botched the rollout for ride-share drivers It's a precautionary tale for how to assess new markets — and how not to introduce a new product. Hertz made a splash in 2021 when it announced that it would buy 100,000 Tesla Model 3 sedans in a little over a year. Hertz said in an SEC filing that it would be selling 20,000 of its EVs and replacing them with fossil fuel-powered vehicles. After Hertz started buying EVs, it directed most of them to Uber drivers. Uber drivers also rented the cars for longer periods of time, Hertz said, meaning that fewer employees were needed to support a given number of vehicles.

“Sneak Peek: UK’s Digital Markets Regulator Unveils Revamped Regulations for Big Tech”

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Interoperability could also be imposed on designated tech giants, the CMA suggested, as well as mandates that they trade on fairer terms. Algorithmic transparency could be another demand made of them by the new digital markets regulator. As a consequence the UK has slipped behind peers like the European Union — which adopted its own flagship digital competition reform last year. The deadline for in-scope tech giants’ compliance with that regime is looming in early March. A German ex ante digital competition reform has also been operating since early 2021.

Does EU Compliance Require Microsoft to Disclose OpenAI Investment as a Merger?

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The European Union is checking whether Microsoft’s investment in generative AI giant OpenAI is reviewable under the bloc’s merger regulations, it said today. “Finally, the European Commission is checking whether Microsoft’s investment in OpenAI might be reviewable under the EU Merger Regulation,” it added. Commenting in a statement, EU competition chief Margrethe Vestager said:Virtual worlds and generative AI are rapidly developing. They also told us there are no “particular concerns” the EU has identified yet vis-a-vis competition and generative AI as yet. Per the spokesperson, a transaction would be notifiable to the Commission under the EU Merger Regulation if it involves ” a change of control on a lasting basis”.

Arkon Energy Secures $110M Investment for Expanding U.S. Bitcoin Mining Capacity and Introducing AI Cloud Service in Norway

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Arkon Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch. “These sites appeal to both bitcoin miners and AI [or] machine learning clients who have very high power computing demands,” Payne said. “We are essentially a landlord who owns the underlying infrastructure assets.”Arkon’s business model focuses on strategically acquiring distressed data center assets across the globe. “The current and future demand for data center capacity of all types that we are seeing globally, but especially in the U.S., is unprecedented and monumental. Arkon aims to fill that gap by providing the underlying infrastructure layer that the AI sector relies on.

“Akron Energy Secures $110M Investment to Expand U.S. Bitcoin Mining Capabilities and Introduce AI Cloud Services in Norway”

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Akron Energy, a data center infrastructure company, closed a $110 million private funding round to expand its operations, the company’s CEO Josh Payne shared exclusively with TechCrunch. “These sites appeal to both bitcoin miners and AI [or] machine learning clients who have very high power computing demands,” Payne said. “We are essentially a landlord who owns the underlying infrastructure assets.”Akron’s business model focuses on strategically acquiring distressed data center assets across the globe. “The current and future demand for data center capacity of all types that we are seeing globally, but especially in the U.S., is unprecedented and monumental. Akron aims to fill that gap by providing the underlying infrastructure layer that the AI sector relies on.