Saturday, August 3, 2024

Rediff, once an internet pioneer in India, sells majority stake for $3M

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Payments infrastructure firm Infibeam Avenues has acquired a majority 54% stake in Rediff.com for up to $3 million, a dramatic twist of fate for the 28-year-old business that was the first Indian internet firm to list on Nasdaq back in the year 2000. Founded in 1996, Rediff rode the initial dot-com wave to become one […]


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Friday, August 2, 2024

Self-driving truck startup Aurora Innovation raises $483M in share sale ahead of commercial launch

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Self-driving technology company Aurora Innovation was hoping to raise hundreds of millions in additional capital as it races toward a driverless commercial launch by the end of 2024. The company, which had arranged to sell up to $420 million worth of shares, exceeded its goal and raised $483 million. The newly raised funds come a little […]

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FTC and Justice Department sue TikTok over alleged child privacy violations

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The U.S. Federal Trade Commission and the Justice Department are suing TikTok and ByteDance, TikTok’s parent company, with violating the Children’s Online Privacy Protection Act (COPPA). The law requires digital platforms to notify and obtain parents’ consent before collecting and using personal data from children under the age of 13. In a press release issued […]

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Cloud infrastructure revenue approached $80 billion this quarter

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The cloud infrastructure market has put the doldrums of 2023 firmly behind it with another big quarter. Revenue continues to grow at a brisk pace, fueled by interest in AI. Synergy Research reports revenue totaled $79 billion for the quarter, up $14.1 billion or 22% from last year. This marked the third consecutive quarter that […]

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TechCrunch Minute: Why did Wiz walk away from $23 billion?

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As widely reported, Wiz recently said no to a $23 billion acquisition offer from Google. At that price, it would have been Google’s biggest acquisition ever. It’s possible the Google team got cold feet during due diligence, or there may have been concerns that regulators would have challenged an acquisition of this size. But all […]

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Twitter disappears from Mac App Store

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X (formerly Twitter) can no longer be accessed in the Mac App Store, suggesting that it has been officially delisted.  Searches for both “Twitter” and “X” on Apple’s platform no longer surface the app. The URL no longer works, either. Instead, it displays a pop-up message indicating that it is unavailable. This means new users […]


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Heeyo built an AI chatbot to be a billion kids’ interactive tutor and friend

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When Xiaoyin Qu was growing up in China, she was obsessed with learning how to build paper airplanes that could do flips in the air. Her parents, though, didn’t have the aerodynamic expertise to support her newfound passion, and her teachers were too overwhelmed to give her dedicated attention.  “That’s why I wanted to build […]


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