Friday, February 23, 2024

Reddit files to go public — at last

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Social media giant Reddit filed to go public today. Its long-awaited S-1 filing will see it approach the public markets potentially at the head of a long column of richly valued technology startups and private companies that need to find an exit this year. The timing of Reddit’s IPO is not a surprise. The company’s got […]


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Thursday, February 22, 2024

Armenia’s 10web brings AI website-building to WordPress

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Generative AI has done an impressive job in improving productivity in a wide range of areas, including website building. There’s no lack of tools that now allow one to generate web designs by simply describing what they want in prompts, including established player Wix and bootstrapped startups like Relume. 10web, a company based out of […]

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Threads starts testing in-app camera shortcut and drafts

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Meta said Thursday that it has started to test two “most requested” features: drafts and in-app camera. Instagram head Adam Mosseri said that both features are available to only a small number of people. Users who have access to the draft can save only one post (bummer). You can write the post you might want […]

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UnitedHealth says Change Healthcare hacked by nation state, as pharmacy outages drag on

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U.S. health insurance giant UnitedHealth Group said Thursday in a filing with government regulators that its subsidiary Change Healthcare was compromised likely by government-backed hackers. In a filing Thursday, UHG blamed the ongoing cybersecurity incident affecting Change Healthcare on suspected nation state hackers but said it had no timeframe for when its systems would be […]

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Tumblr CEO publicly spars with trans user over account ban, revealing private account names in the process

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Matt Mullenweg, CEO of Tumblr owner Automattic, is supposed to be on sabbatical. Instead, he’s arguing with Tumblr users over an individual content moderation decision, which has sparked community-wide outcry and accusations of transphobia. Over the last few days, the situation escalated to the point that Mullenweg has engaged with the user in question on […]

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Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase

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Some cryptocurrency exchanges in Nigeria faced accessibility issues for users, prompting speculation of imposed restrictions on crypto sites, the Financial Times reported. On Wednesday, local media reported that Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), received instructions from the country’s apex bank to suspend access to crypto websites, including Binance, Coinbase and Kraken. This […]

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Intuitive Machines makes history by landing the first commercial spacecraft on the moon

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Intuitive Machines has landed a spacecraft on the lunar surface, in a historic first for a private company. Flight controllers confirmed the landing at 5:23 PM CST, though the exact condition of the spacecraft is unclear as engineers work to refine their signal with the lander. “What we can confirm without a doubt is that […]

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Reddit says it’s made $203M so far licensing its data

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Reddit’s prospects as it barrels toward a stock market listing have a lot more to do with relationships with AI vendors such as OpenAI than one might expect. In its IPO prospectus filed today with the U.S. Securities and Exchange Commission, Reddit repeatedly emphasized how much it thinks it stands to gain — and has […]

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As possible EC fine nears, Apple claims Spotify is trying to get ‘limitless access’ to its tools without paying

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With the European Commission set to rule on Spotify’s complaint focused on competition in the streaming music market, there are hints that the ruling will not be in Apple’s favor. This week, the Financial Times reported the EC will issue its first-ever fine against the tech giant for allegedly breaking EU law over competition in […]

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Hohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed

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In the face of South Africa’s worsening energy crisis, marked by increasingly severe power shortages, implementing daily electricity rationing has become imperative to avert the risk of a nationwide grid collapse. According to the state-owned power generator Eskom, the country witnesses a significant power deficit, surpassing 6,000 megawatts on occasion. This situation is similar in […]

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US health tech giant Change Healthcare hit by cyberattack

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U.S. healthcare technology giant Change Healthcare has confirmed a cyberattack on its systems. In a brief statement, the company said it was “experiencing a network interruption related to a cyber security issue.” “Once we became aware of the outside threat, in the interest of protecting our partners and patients, we took immediate action to disconnect […]


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Varda Space, Rocket Lab nail first-of-its-kind spacecraft landing in Utah

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A spacecraft containing pharmaceutical drugs that were grown on orbit has finally returned to Earth today after more than eight months in space. Varda Space Industries’ in-space manufacturing capsule, called Winnebago-1, landed in the Utah desert at around 4:40 p.m. EST. Inside the capsule are crystals of the drug ritonavir, which is used to treat […]


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Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000

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Lucid Motors plans to build just 9,000 electric vehicles in 2024, only 500 to 1,000 more than it made in 2023, as it struggles with demand for its luxury sedans. If it sticks to that number, that means Lucid will wind up building around 10% of the 90,000 EVs it predicted it could make and […]


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Wednesday, February 21, 2024

Uber CEO says firm to explore integration with India’s ONDC

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Uber has signed a memorandum of understanding with an Indian government-supported program that aims to make transportation and business more accessible across the South Asian region. The ride-hailing giant said Thursday that it will explore an integration with the network to expand the range of its mobility offerings on the Uber app. This is a […]

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Backed by Chinese carmaker Great Wall, Haomo raises $14M for autonomous driving tech

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After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Some companies are still hauling in capital, though the era of bankrolling several hundred million dollars in a single round has mostly passed. Haomo.ai, an autonomous driving startup backed by Chinese automaker Great Wall Motor, has raised […]

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