prakhar@affmantra.com

Kering-backed fund Mirova pours $30.5M into India’s Varaha for regenerative farming

Mirova, the French climate-focused investment firm backed by Kering and other corporate heavyweights, has invested $30.5 million (€26.4 million) in Indian climate tech startup Varaha. This investment will help to expand the startup’s regenerative farming program, supporting hundreds of thousands of smallholder farmers in northern India. The deal marks Mirova’s first carbon investment in India,…

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‘Chad: the Brainrot IDE’ is a new Y Combinator-backed product so wild, people thought it was fake

When former Twitter CEO Dick Costolo spoke at TechCrunch Disrupt, someone from the audience asked him if HBO’s hit satire Silicon Valley would be revived. Costolo, who was a writer for the show, essentially answered no (at timestamp 38:17). While the writers talk about that regularly, he said, they don’t pursue it because today’s actual…

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Cybersecurity firm Deepwatch lays off dozens, citing move to “accelerate” AI investment

Deepwatch, a cybersecurity firm that makes an AI-powered detection and response platform, laid off dozens of employees on Wednesday, citing AI as one of the reasons. John DiLullo, CEO at Deepwatch told TechCrunch in an email that the company “is aligning our organization to accelerate our significant investments in AI and automation.” A current Deepwatch…

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Court rules that OpenAI violated German copyright law; ordered it to pay damages

A German court ruled that OpenAI’s ChatGPT violated the nation’s copyright laws by training its language models on licensed musical work without permission, multiple news outlets, including The Guardian reported.   The decision came from a lawsuit that GEMA, the society that handles music rights in Germany, filed last November against OpenAI. The company was ordered to pay an undisclosed amount of damages to GEMA, but said it disagreed…

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