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Neobank Vexi raises millions to offer young Mexicans low-interest credit cards

Americans expect credit cards. Mexico makes it harder and less common. Fewer than 20% of people have credit, and only 10% have credit cards. In recent years, several startups have emerged to provide underserved Mexicans with more options to increase inclusion. Vexi is a startup. Rojo Blasquez, Gabriela Estrada, Cinthia …

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Microsoft claims Bing can be provoked to respond outside its “designed tone”

Microsoft has acknowledged Bing’s strange responses to some queries since the updated search engine launched a week ago. Bing’s AI-boosted responses can be rude, manipulative, and unsettling. Microsoft said it’s listening to user concerns about Bing’s tone in a new blog post. The company didn’t intend Bing for “general discovery …

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Tesla doubles supercharger network for all EVs under Biden’s $7.5B charging plan

Even Tesla has agreed to new requirements for companies seeking funding from the Biden Administration’s $7.5 billion EV charging initiative. The Biden Administration announced Wednesday the final standards for its plan to build a national network of 500,000 electric vehicle chargers along highways, including a requirement that all Inflation Reduction …

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Salesforce caves to activist pressure with harsh sales and engineering policies

As activist investors pressure Salesforce, the company is exploring cost-cutting options. Today, Insider reported that the company is implementing stricter engineering performance measurements, with some salespeople being pressured to quit or adopt harsh performance policies. Performance reviews based on engineers’ code output, a flawed way to measure engineering productivity, encourage …

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Descope, a startup that provides passwordless authentication, raises $53 million in a seed round

Some startups are defying the trend of scarcer capital. Descope, a “developer-first” authentication and user management platform, raised $53 million in seed funding today. Lightspeed Venture Partners, GGV Capital, Dell Technologies Capital, TechAviv, J Ventures, Cerca, Unusual Ventures, Silicon Valley CISO Investments, and CrowdStrike CEO George Kurtz and Microsoft chairman …

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Interest-based ad targeting is being rebranded by Google and is now being beta tested on Android

Google announced the launch of the first Beta for its “Privacy Sandbox” adtech stack proposal, which aims to iterate how ad tracking, targeting, and reporting is done so it appears less creepy for individual users while maintaining an interest-based, behavioral targeting capability on web users’ eyeballs. Google has started letting …

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