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Daily Crunch: Citing data privacy concerns, Italy temporarily bans ChatGPT

TechCrunch

Christine and Haje The TechCrunch Top 3 Italy gives ChatGPT the boot : Italy’s government has been on a blocking kick lately. A few days ago, we wrote about a possible ban on cultivated meat , and today Italy wants to block ChatGPT, citing data protection concerns. On that note, enjoy your weekend!

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Amazon fined $1.3 billion for abusing market position in Italy

The Verge

billion) by antitrust regulators in Italy. Italy says Amazon pushed sellers into using its logistics services. These conducts have thus widened the gap between Amazon’s power and that of the competition also in the e-commerce order delivery business.”. Illustration by Alex Castro / The Verge. Amazon has been fined $1.3

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Casavo, an Opendoor-style proptech from Italy, raises $410M to expand its instant buyer platform across Europe

TechCrunch

In the latest development, an Opendoor-style startup called Casavo , out of Italy, is announcing that it has raised €400 million (about $410 million currently). The state of the market in particular lent itself to this. Pre-Covid, Tinacci said that in Italy it was typically seeing 500,000 residential transactions annually.

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Business banking startup Qonto raises $552 million at $5 billion valuation

TechCrunch

Qonto is a challenger bank focused on business bank accounts. It currently operates in France, Germany, Italy and Spain. Qonto started out with business bank accounts because that’s the key financial component of European companies. This is a fragmented market as each country uses different accounting tools. In the U.S.,

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Marketing automation startup Retail Rocket nabs $24M for expansion

TechCrunch

Founded in 2013 by Leonid Shangin and Yakov Filippenko, the company offered services to collect customer data and leverage it to create games, texts, and tasks designed to encourage repeat business. But the promise of software that predictably drives repeat business is alluring. SMS) to make personalized offers.

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Facebook ordered to pay $4.7M to Italian developer over copycat feature

The Verge

Reuters reports that the Milan-based appeals court upheld a 2019 ruling saying Facebook had copied the feature from developer Business Competence’s Faround app. That year, Business Competence launched Faround which was designed to help users find Facebook friends near their location. The case dates back to 2012.

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

TechCrunch

So far it has concentrated on the lucrative European market. In June 2020 it merged with French competitor Everoad, and acquired Uber Freight’s European business last September. The European logistics and freight sector has a market size of $427 billion. The whole digital freight forwarding market is booming.

Digital 118