Monday, August 12, 2024

Bharti will become BT’s biggest shareholder after buying a 25%, $4B stake from Altice

BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly-shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel among other assets, said it would purchase a 24.5% stake currently owned by Altice. Based on […]

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Oyo valuation crashes over 75% in new funding

The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round, multiple sources told TechCrunch. The Gurugram-headquartered startup, which operates a chain of budget hotels, has raised $173.5 million in a Series G funding. Patient Capital, run by Oyo founder and chief executive Ritesh […]


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Sunday, August 11, 2024

Elon Musk’s X targeted with nine privacy complaints after grabbing EU users’ data for training Grok

X, the social media platform owned by Elon Musk, has been targeted with a series of privacy complaints after it helped itself to the data of users in the European Union for training AI models without asking people’s consent. Late last month an eagle-eyed social media user spotted a setting indicating that X had quietly […]

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How CNH’s ‘black belt’ M&A head makes deals

Heavy equipment manufacturer CNH Industrial has a long history of mergers and acquisitions, at times supervising legendary brands like Ferrari. But five years ago, as agtech was booming, the global giant was struggling to tap into the startup scene.  The conglomerate turned to one of its longest-tenured executives, a swashbuckling Italian businessman named Michele Lombardi. […]

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Oyo valuation crashes over 75% in new funding

The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round. The Gurugram-headquartered startup has raised $173.5 million in a Series G funding round. InCred Wealth, Patient Capital and J&A Partners invested in the new round. TechCrunch reported in May that Oyo was seeking […]

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Saturday, August 10, 2024

Turkey restores access to Instagram

Turkey appears to have restored access to Meta-owned Instagram, after blocking the app on August 2.  Abdulkadir Uraloglu, the country’s minister of transport and infrastructure, posted today that the ban would be lifted at 9:30pm Turkish time.  Cybersecurity monitor NetBlocks says, “Live metrics show that Instagram is being gradually restored on internet providers in #Turkey […]

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Tesla’s Dojo, a timeline

Elon Musk doesn’t want Tesla to be just an automaker. He wants Tesla to be an AI company, one that’s figured out how to make cars drive themselves.  Crucial to that mission is Dojo, Tesla’s custom-built supercomputer designed to train its Full Self-Driving (FSD) neural networks. FSD isn’t actually fully self-driving; it can perform some […]

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The tech world mourns Susan Wojcicki

Susan Wojcicki, a longtime Googler who spent nearly a decade as the CEO of YouTube, passed away Friday after a two-year battle non-small cell cancer. Wojcicki, who was 56, famously rented the garage of her Menlo Park home to Larry Page and Sergey Brin as they were starting Google. She then became one of the […]

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OpenAI faces more leadership shake-ups

OpenAI co-founder John Schulman has left the company for rival AI startup Anthropic. In addition, OpenAI co-founder and president Greg Brockman is taking an extended leave after nine years at the company to “relax and recharge.” Schulman said his decision stemmed from a desire to deepen his focus on AI alignment — the science of […]

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