Flourish Ventures' Madica program plans to invest in up to 10 African startups by year-end, with a goal of backing 30 ventures by the end of its three-year program. The program has already closed three initial deals, with accelerated investing planned for the coming year.

Source: https://techcrunch.com/

French startup FlexAI raises €28.5 million ($30 million) in seed funding to 'rearchitect compute infrastructure' for AI application development. The Paris-based company is launching with an on-demand cloud service for AI training, having operated in stealth since October 2023.

Source: https://techcrunch.com/

Glance, a Google-backed Indian startup, has launched a pilot program for its lockscreen platform in the US, in partnership with Motorola and Verizon. The platform has already gained traction in India, Southeast Asia, and Japan, and plans a full launch in the US later this year.

Source: https://techcrunch.com/

The US Senate passed a bill with a 79-18 majority, requiring ByteDance to sell TikTok within a year or face a ban. The bill, included in a foreign aid package, will become law if signed by President Joe Biden, who intends to do so on Wednesday.

Source: https://techcrunch.com/

Mercedes-Benz has launched an all-electric version of its iconic G-Class, featuring enhanced technology and off-road capability. The electric G-Class retains its rugged design and exclusivity, with no specific power or range figures mentioned.

Source: https://techcrunch.com/

Tesla announces a revised product roadmap due to pressure on electric vehicle sales. The company plans to launch more affordable models, potentially as early as the end of 2024. The announcement sent Tesla's stock soaring over 1%.

Source: https://techcrunch.com/

Tesla's Q1 profit fell 55% to $1.13 billion due to price-cutting strategy. Revenue dropped 8.5% to $21.3 billion, missing analyst expectations. Shares rose 7% after the release.

Source: https://techcrunch.com/

Tesla has introduced a new Model 3 Performance variant with a starting price of $52,990. It features an active damping system, adaptive suspension, and 296 miles of battery range. The car can accelerate from 0-60mph in 2.9 seconds with 510 horsepower.

Source: https://techcrunch.com/

Tesla's share price has dropped 43% since the beginning of the year. The company is expected to report unimpressive financial results for the first quarter. CEO Elon Musk is shifting priorities towards autonomy. The earnings call is scheduled for 5:30 pm ET on Tuesday.

Source: https://techcrunch.com/

Twitter, now known as X, is launching a dedicated TV app for user-uploaded videos. The app will feature a trending video algorithm and AI-powered topics, allowing users to stay updated with popular content. X CEO Linda Yaccarino announced the launch, with the app's interface similar to YouTube's.

Source: https://techcrunch.com/