Stability AI founder and chief executive Emad Mostaque has stepped down from the top role and the unicorn startup‘s board, the buzzy firm said Friday night, making it the second hot AI startup to go through major changes this week. Stability AI, which has been backed by investors including Lightspeed Venture Partners and Coatue Management, […]
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The company has faced two main issues related to communications and the spacecraft rotation rate — and it’s largely solved both those problems.
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UK-based limited partners Venrex and Samos Investments are this week backing the launch of a new VC primarily aimed at investing in startups led by Ukrainians inside and outside the war-torn country. The LPs are better known for being early institutional investors in the successful early stage startup funds Seedcamp and Entrepreneur First. 1991 Ventures is the brainchild […]
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On home turf Apple has enjoyed many years of relatively light regulatory scrutiny compared to Big Tech peers. The US Department of Justice (DOJ) opened a monopoly case against Google back in October 2020, for instance. It followed with a second antitrust case at the start of last year, targeting Google’s adtech. While the FTC […]
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The U.S. Department of Justice is suing Apple over allegedly monopolistic smartphone practices. The federal agency is not alone in the matter, bringing 15 states and the District of Columbia into the mix as well. Apple, as you might imagine, disputes the allegations. Potential impacts are myriad, from consumer messaging to smartphones to smart watches. […]
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You’ve gone home with a Tinder date, and things are escalating. You don’t really know or trust this guy, and you don’t want to contract an STI, so… what now? A company called Calmara wants you to snap a photo of the guy’s penis, then use its AI to tell you if your partner is […]
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Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, in which we dig through the most critical stories from the week and chat through new and emerging themes. Listen here or wherever you get your podcasts. This week we […]
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The U.S. Department of Justice filed a lawsuit against Apple Thursday, accusing the company led by CEO Tim Cook of engaging in anti-competitive business practices. The allegations include claims that Apple prevents competitors from accessing certain iPhone features and that the company’s actions impact the “flow of speech” through its streaming service, Apple TV+. However, […]
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The U.K.’s Competition and Markets Authority (CMA) has confirmed that it’s launching a formal “phase 2” investigation into the planned merger between Vodafone and Three UK. The CMA says that the deal could lead to higher prices for consumers, while also impact future infrastructure investments. However, the CMA has given both parties a token five […]
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Nsave, a fintech based in Geneva making banking in Switzerland accessible to people in countries at war or those with unstable banking sectors or facing high inflation, has raised $4 million seed funding. The round was co-led by Sequoia Capital and TQ Ventures with participation from Y Combinator, SV Angel and FONGIT: the State of […]
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The U.S. Department of Justice sued Apple Thursday over monopolistic practices. The complaint accuses Apple of moulding its privacy and security practices in ways that benefits the company financially. One quote particularly jumps out where the DOJ calls Apple’s privacy and security justification an “elastic shield”: “Apple deploys privacy and security justifications as an elastic […]
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WhatsApp announced Thursday that users can now pin up to three messages in a chat to access them easily. Until now, users could pin only one message on top of a conversation with a contact or a group. Both Meta CEO Mark Zuckerberg and WhatsApp head Will Cathcart announced this feature on their respective WhatsApp […]
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After a three-year fund-raise, World Fund has finally closed a €300 million first fund, €50 million short of it’s target in 2021, but still a considerable number given a background of war and economic uncertainty. The VC originally emerged from the founders of the Ecosia independent search engine, where search enquiries funded the planting of […]
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