Wednesday, December 6, 2023

Meta finally starts rolling out default end-to-end encryption for Messenger

on 7:26 PM in features, Tech News with No comments

After years of promises and limited tests, Meta has started rolling out default end-to-end encryption protection for Messenger. In an announcement, Mark Zuckerberg said that personal chats and calls will get default end-to-end encryption. However, encryption for group chats still remains an opt-in feature. End-to-end encryption is an important security layer as it doesn’t allow […]

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India’s Paytm curbing low-value personal loans spells bad news for the industry

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Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns […]

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Vast Data lands $118M to grow its data storage platform for AI workloads

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Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e. setups that move data between high- and low-cost storage hardware), today announced that it secured $118 million in a Series E round led by […]

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Regulatory approval for this subscription solar UK startup could mean more are to come

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With the UK’s Financial Conduct Authority (FCA) authorising what’s believed to be the first time a company can provide solar panels and batteries on a subscription model — without subscribers needing to pay a lump sum upfront — the stage could be set for a new boom in solar subscription services. This will provide useful […]

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Meta launches a standalone AI-powered image generator

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Not to be outdone by Google’s Gemini launch, Meta’s rolling out a new, standalone generative AI experience on the web, Imagine with Meta, that allows users to create images by describing them in natural language. Similar to OpenAI’s DALL-E, Midjourney and Stable Diffusion, Imagine with Meta, which is powered by Meta’s existing Emu image generation […]

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Is business software too cheap?

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The software market isn't exactly suffering, so why are some enterprise software vendors trading so cheaply? The answer is more obvious than you'd think.

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‘Mega-deals’ could be inflating overall AI funding figures

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A recent report from Pitchbook shows that 'mega-deals' could be inflating AI startup funding totals, giving a misleading picture of the sector's health.

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Twitch to shut down in Korea over ‘prohibitively expensive’ network fees

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Twitch plans to shut down its business in South Korea on February 27, it said, after finding that operating in one of the world’s largest esports markets is “prohibitively expensive.” In a blog post, Twitch CEO Dan Clancy said the firm undertook a “significant effort” to reduce the network costs to operate in Korea, but […]

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Avenir seeks to raise $800M for new fund

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Avenir Growth Partners is seeking to raise $800 million for its fifth fund, it disclosed in a securities filing, two years after it began the paperworks for raising its IV fund. It ended up raising about $780 million for the fourth fund, it disclosed in a filing earlier this year. The New York-headquartered firm is […]

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Discord reimagines its mobile app to showcase its best social features

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Discord launched a major refresh of its mobile app on Tuesday, putting messaging front-and-center while making a host of small improvements that users have been asking for. Inspired by user feedback, the redesigned app tailors the mobile Discord experience for on-the-go use compared to its popular desktop app, while changing things up to better organize Discord’s […]

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Did you attend Google’s K&I Black Summit this summer?

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If you or a loved one attended this Summit please, let's get brunch.

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Why does MasterClass work? with David Rogier from MasterClass

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Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by David Rogier, the founder and CEO of MasterClass, the streaming service where users can learn from experts on a variety of subjects from baking to basketball. Rogier talked about leaving his job in VC with […]

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Twilio might actually deserve activist investor attention

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Twilio's stock has fallen from 2021 of $400 a share to somewhere in the $60s today. It's no wonder activist investors are circling.

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Bing’s new ‘Deep Search’ feature offers more comprehensive answers to complex search queries

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Microsoft Bing is getting a new “Deep Search” feature powered by OpenAI’s GPT-4. The feature is designed to give users more relevant and comprehensive answers to complex search queries. Microsoft notes that Deep Search is not a replacement for Bing’s existing web search, and is instead an enhancement the allows for deeper exploration of the […]

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Metrics that matter: 3 practical observations on valuation from an Index Ventures partner

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Paris Heymann Contributor Share on X Paris Heymann is a partner at Index Ventures, where he invests primarily in B2B SaaS and data. More posts by this contributor Acquisition, retention, expansion: Why SaaS founders must understand GDR and NDR Metrics that matter: 3 KPIs to track on the path to profitability As part of the […]

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Wednesday, December 6, 2023

Tuesday, December 5, 2023