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SoftBank-backed Indian insurance platform Policybazaar raises $75 million

TechCrunch

Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. The startup says it sells over a million policies a month. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate.

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Microsoft pushes Trump to revise Biden’s last-minute AI chip rule

Ars Technica

In a Thursday blog , Microsoft President Brad Smith warned that the rule will hurt US businesses by placing heavy restrictions on some of America's "friends"including countries like Switzerland, Poland, Greece, Singapore, India, Indonesia, Israel, the UAE, and Saudi Arabia.

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Airspace Link’s drone tracking platform gathers government customers before going global

TechCrunch

As an example he suggested the UAE, where after years of lax drone regulations the country suddenly forbade all drone operations a few months ago pending new policies. Ultimately something like Airspace Link could be a contributor or requirement for insurance policies.

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Interview: Kedar Iyer, PickyPolly

Amy Sample Ward

UAE residents also have one of the largest ecological footprints on our planet. Government policy: Rewarding citizens for their behavioral changes and better regulating toxic products. Where did the idea for Picky Polly come from? Using this behavior among residents as inspiration I felt compelled to do something about it.

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SWVL plans to lay off 32% of its team two months after going public

TechCrunch

SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. No interview policy for Rejoiners. According to a source, the majority of the layoffs will come from the company’s Dubai and Pakistan offices.

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44.01 secures $5M to turn billions of tons of carbon dioxide to stone

TechCrunch

It’s an evolving and highly complex overlapping area of international regulations, taxes, and corporate policy.). There’s a large voluntary market for carbon credits beyond the traditional and rather outdated carbon credits. For now, however, the goal is simply to prove that the system works as expected at the scales hoped for.

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Burn, baby, burn. Real estate-focused fintech startups feel the heat

TechCrunch

Others took advantage of new remote work policies and being constrained by commutes to relocate to new homes. Factor in that more people were spending more time at home than ever due to COVID shelter-in-place orders, home took on new meaning. Suddenly, many needed more space. Anita Ramaswamy digs in here. Read more from Annie Njanja here.