Tuesday, October 17, 2023

Ambani’s Jio Financial launches lending and insurance businesses

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Jio Financial Services, the Indian conglomerate Reliance Industries’ financial services unit, has started its lending and insurance businesses and is rapidly scaling up its offerings as billionaire Mukesh Ambani expands the ever-so-wide tentacles of his oil-to-telecom empire. In an annual presentation this week, the recently publicly listed firm said it has started to offer personal […]

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Ray-Ban Meta sunglasses have ‘influencer’ written all over them

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This is a review-in-progress. More soon! Somewhere between the Ray-Ban Meta and Meta Quest 3 sits an ideal mixed-reality headset. It’s slim, light, offers hand tracking and passthrough and livestreams video when the moment calls for it. It’s designed to be worn inconspicuously outdoors, until the time comes for content capture. The Meta Quest Ray-Ban […]

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Archer Aviation to launch air taxis in Abu Dhabi in 2026

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Electric vertical takeoff and landing (eVTOL) vehicle company Archer Aviation plans to start air taxi operations in Abu Dhabi in 2026, making the city its first international market outside the United States. From there, Archer plans to launch an air taxi service across the United Arab Emirates as part of the company’s recently signed memorandum […]


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Monday, October 16, 2023

FTX execs blew through $8B; testimony reveals how

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Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations, endorsement deals and even a sports stadium, according to testimony from former senior FTX executive Nishad Singh. Singh’s testimony, which kicked off the third week of Bankman-Fried’s trial, provides fresh details of exactly where […]

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India’s Agnikul gets $26.7M to prepare for commercial space launches

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Agnikul, an Indian space tech startup developing small-lift launch vehicles, has raised $26.7 million in fresh investment as it looks to begin commercial launches using its customizable satellite rocket. Companies — from big tech giants to startups — are looking to launch their small satellites (up to 500 kg in weight) to space to improve […]

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Bandcamp’s new owner lays off half the company

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Bandcamp has officially changed hands from its old new owner, Epic, to its new new owner, Songtradr, and lost half its employees in the process. Songtradr confirmed that “50% of employees received offers” to continue on under the new ownership — and naturally the other 50% didn’t. The venerable digital music marketplace was acquired by […]

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Live commerce startup TalkShopLive launches new app for sellers to broadcast on mobile

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Live commerce platform TalkShopLive announced today its new Studio app for creators and brands, bringing an array of management and broadcast tools to mobile, including the ability to virtually collaborate with four people in a livestream, pin comments, simulcast on Facebook and more. TalkShopLive’s new app allows sellers to access the platform’s full toolset right […]

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Accessercise’s app makes it easier for people with disabilities to exercise

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Accessercise, which developed a fitness app for people who want to exercise despite their disabilities, was one of the Startup Battlefield 200 finalists at TechCrunch Disrupt 2023.

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Leucine makes drug manufacturing compliance less onerous

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The compliance process at pharmaceutical manufacturers is a complicated and prone to errors because many still use paper-based systems to record manufacturing steps. These paper records are reviewed by FDA auditors to ensure that guidelines were followed, but they are prone to errors, often leading to warnings. This results in higher costs and slower manufacturing. […]

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Australia fines X for failing to provide information about child abuse content

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eSafety, the Australian regulator for online safety, issued a $386,000 fine against X (formerly Twitter) Monday for failing to answer “key questions” about the action the platform is taking against child abuse content. The watchdog issued legal notices to Google, TikTok, Twitch, Discord, and X (which was known as Twitter back then) under the country’s […]

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Braid shuts down, Stash marches toward an IPO and what happens when a fintech relationship fizzles out

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Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! We covered lots of happenings in the world of fintech this past week — including raises, a startup closure, […]


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Sunday, October 15, 2023

Asia emerges as a promising haven amid the crypto winter

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Walking through Token2049, it was hard to tell that the crypto industry was going through a “winter” phase. The crypto conference held in Singapore in September attracted an unprecedented crowd of 20,000 attendees, filling the island state with an even greater number of blockchain enthusiasts who hopped in and out of the hundreds of side […]

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London’s not calling for Par Equity, as VC firm targets £100M at UK startups in the north

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Any conversation centered on the U.K. tech scene often has a strong center of gravity around the south of the country — to many, “the U.K.” and “London” may as well be the same thing. A recent House of Commons Committee report on venture capital allocation pointed to “uneven levels of VC investment” across the […]

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