Wednesday, November 8, 2023

Meta pressed to compensate war victims amid claims Facebook inflamed Tigray conflict

Meta is facing growing calls to set up a restitution fund for victims of the Tigray war, which Facebook is alleged to have fueled leading to over 600,000 deaths and the displacement of millions others across Ethiopia. Rights group Amnesty International, in a new report, has urged Meta to set up a fund, that will […]

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Meta taps Hugging Face for startup accelerator to spur adoption of open source AI models

Facebook parent Meta is teaming up with Hugging Face and European cloud infrastructure company Scaleway to launch a new AI-focused startup program at the Station F startup megacampus in Paris. The underlying goal of the program is to promote a more “open and collaborative” approach to AI development across the French technology world. The timing […]

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Meta will start requiring disclosures for political ads manipulated with AI

In 2024, Meta will begin requiring advertisers running political or issue ads on its platforms to disclose when their ads are “digitally created or altered” through the use of AI. Facebook and Instagram ads about elections, politics and social issues will soon require the extra step, which advertisers will handle when they submit new ads. […]

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Samsung unveils ChatGPT alternative Samsung Gauss that can generate text, code and images

Just a few days after OpenAI’s developer event, Samsung unveiled its own generative AI model, Samsung Gauss, at the Samsung AI Forum 2023. Samsung Gauss, developed by the tech giant’s research unit Samsung Research, consists of three tools: Samsung Gauss Language, Samsung Gauss Code and Samsung Gauss Image. Samsung Gauss Language is a large language model that […]

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More consolidation in grocery delivery: Getir acquires FreshDirect to beef up in the US

Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The company has scooped up FreshDirect, an online grocery delivery service based out of New York. Terms of the deal are not being disclosed, but for […]

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Tuesday, November 7, 2023

Vanguard slashes Ola valuation by 60%-plus; NB reduces Pharmeasy’s by over 90%

The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by nearly two thirds since original investment, and Neuberger Berman has slashed the worth of its Pharmeasy shares by more than 90%, according to an analysis of the funds’ filings. Vanguard cut the worth of its […]

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Nintendo confirms live-action Zelda movie is in the works

Zelda fans already got a stellar new game with “Tears of the Kingdom” this year, but Nintendo just dropped another exciting nugget of news: the gaming giant is working on a live-action movie based on the Legend of Zelda franchise. Shigeru Miyamoto, creator of the thirty-seven-year-old franchise, announced the news this evening. “I have been […]

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Lucid revises 2023 production amid softening demand for luxury EVs

Lucid has revised its 2023 production outlook amid softening demand for luxury electric vehicles, the company said Tuesday in its third-quarter earnings report. The EV maker said it will produce 8,000 to 8,500 vehicles by the end of the year, down from previous guidance of more than 10,000, to “prudently align with deliveries.” In the […]

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Google Search and Chrome are getting new tools to help users find discounts

Google is coming for Honey and other deal-finding tools by introducing new features on Search and Chrome to help users find discounts. The tech giant announced on Tuesday that it’s adding a designated page for deals on Search, while Chrome is getting features that proactively look for discount codes and provide users with price insights. […]

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Shein reportedly seeks $90 billion valuation in IPO

Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 billion in a potential U.S. initial public offering, Bloomberg reported on Tuesday. That price tag is up from the $64 billion valuation it was given in a funding round […]


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Everything announced at OpenAI’s first developer event

OpenAI held its first developer event on Monday and it was action-packed. The company launched improved models to new APIs. Here is a summary of all announcements in case you missed the event. ChatGPT’s user milestone After a year of its launch, ChatGPT is pretty popular. OpenAI said that more than 100 million people are […]


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GM halts production of Cruise Origin robotaxi amid suspended operations

Cruise is pausing production of its purpose-built robotaxi, the Origin — the autonomous vehicle company’s latest setback amid suspended operations and increased scrutiny from regulators. Forbes first reported the news, citing audio of Cruise CEO Kyle Vogt’s address at an all hands meeting Monday. TechCrunch has confirmed the news with sources who spoke to us […]


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The 2025 Ram Ramcharger is an electric truck that gets its EV juice from a gas-powered generator

Don’t call it a plug-in hybrid. Or a gas-powered vehicle either. Stellantis brand Ram wants the 2025 Ram 1500 Ramcharger, which was revealed November 7, to be viewed as a battery electric truck. The Ramcharger does have a 92 kilowatt-hour battery pack with 145 miles of range. It also happens to have a 3.6-liter V6 […]


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Ontario Teachers’ fund backs Indian logistics unicorn Xpressbees in $80 million funding

Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, has raised $80 million in a new funding round led by Ontario Teachers’ late-stage venture growth fund amid a surge in the country’s online shopping activity. The Canadian pension fund has acquired a stake in the Pune-headquartered startup at about $1.4 […]

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Monday, November 6, 2023

Shein reportedly seeks $90 billion valuation in IPO

Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 billion in a potential U.S. initial public offering, Bloomberg reported on Tuesday. That price tag is up from the $64 billion valuation it was given in a funding round […]

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