Saturday, February 24, 2024

Byju’s founder, ousted by shareholders, says rumors of his firing ‘greatly exaggerated’

Byju Raveendran, the founder of eponymous edtech group Byju’s, told employees on Saturday that he continues to remain the chief executive of the startup and that rumors of his firing have been “greatly exaggerated,” a day after a shareholder group voted to remove him at an emergency general meeting. In a 758-word letter, content of […]


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Arc browser’s new AI-powered ‘pinch-to-summarize’ feature is clever, but often misses the mark

The Browser company’s Arc, a browser focused on a less cluttered web experience, launched a new feature in its mobile app Arc Search that uses AI to summarize web pages. The feature involves a clever “pinching” gesture that shows a neatly formatted summary with main points. The feature has gotten attention because it presents a […]


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Friday, February 23, 2024

Quick thinking and a stroke of luck averted a Moon lander disaster for Intuitive Machines

Intuitive Machines‘ spacecraft touched down yesterday on the lunar surface… sideways. CEO Steve Altemus confirmed during a press conference Friday that, while it wasn’t a perfect landing, it’s nothing short of a miracle the spacecraft landed intact at all. Using a small model of the lander, Altemus demonstrated how engineers believe the spacecraft, called Odysseus, […]

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As Techstars retools, some former staffers say it lost focus on what made it successful

Well-known accelerator group Techstars announced a slew of changes to its operations this week, including the shuttering of some of its city-based programs. 

Criticism from former members of its decisions lit social media channels who argued that the famed startup accelerator has lost focus on the very thing that historically made it so successful.

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Techstars CEO defends changes, says physical presence in a city is not necessary for investment

Earlier this week, accelerator group Techstars announced changes to its operations. But what was planned internally to be an exciting new chapter for the organization ended up being somewhat of a PR nightmare.  Techstars found itself facing criticism for some of its decisions and execution after announcing it would shut down its Boulder and Seattle […]

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Byju’s investors unanimously vote to remove founder

A group of Byju’s investors on Friday voted to remove the edtech group’s founder and chief executive Byju Raveendran and separately filed an oppression and management suit against the leadership of the firm to block the recently launched rights issue in a surreal moment for the startup, which was once the most valuable in India. […]

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Hackers are exploiting ConnectWise flaws to deploy LockBit ransomware, security experts warn

Security experts are warning that a pair of high-risk flaws in a popular remote access tool are being exploited by hackers to deploy LockBit ransomware — days after authorities announced that they had disrupted the notorious Russia-linked cybercrime gang. Researchers at cybersecurity companies Huntress and Sophos told TechCrunch on Thursday that both had observed LockBit […]


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Hackers are exploiting ConnectWise flaws to deploy LockBit ransomware, security experts warn

Security experts are warning that a pair of high-risk flaws in a popular remote access tool are being exploited by hackers to deploy LockBit ransomware — days after authorities announced that they had disrupted the notorious Russia-linked cybercrime gang. Researchers at cybersecurity companies Huntress and Sophos told TechCrunch on Thursday that both had observed LockBit […]

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India’s iPhone business outpaces individual EU countries for Apple, Morgan Stanley says

Apple’s long-term bet on India is beginning to pay dividends. The company’s iPhone revenue in India jumped 42% year-on-year in 2023 to $8.7 billion, Morgan Stanley wrote in a note on Friday. The iPhone shipments in India grew 39% year-on-year in 2023 to 9.2 million units, making it iPhone’s fifth largest smartphone market. India’s iPhone […]

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Reddit files to go public — at last

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

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

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

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

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

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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