Wednesday, August 14, 2024

India’s top court clears way for Byju’s insolvency proceedings

India’s top court has put on hold a tribunal ruling that halted Byju’s insolvency proceedings in a win for U.S. creditors that are seeking $1 billion from the edtech startup. The Indian Supreme Court ordered on Wednesday a stay on the National Company Law Appellate Tribunal’s recent approval of a settlement between the Indian cricket […]

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Tuesday, August 13, 2024

xAI’s Grok can now generate images on X

Elon Musk-owned xAI’s Grok AI model can now generate images on X social network. Grok access is currently limited to Premium and Premium+ users on X. The text below the sample image prompts suggests that Grok is using FLUX.1 by Black Forest Labs to create these images. Early images generated by users suggest that Grok’s […]

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Zepto hits $5B valuation as quick commerce heats up in India

Zepto has finalized a $340 million round that increases its valuation to $5 billion, up from $3.6 billion in June, as the startup races to win market share in India’s contested quick commerce market.  General Catalyst and Mars Growth Capital are co-leading the Series G round, according to people familiar with the matter. The round […]

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Thiel’s Gawker takedown could be coming to a theater near you

Ben Affleck and Matt Damon have acquired a screenplay called “Killing Gawker,” which presumably delves into billionaire VC Peter Thiel’s campaign to bury the media outfit for posting excerpts from a Hulk Hogan sex tape. The film is based on a book that details the 2016 court case in which Hogan won a $140 million […]

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Singaporean investment app Syfe pulls in $27M to hasten growth in Asia Pacific

The Asia Pacific region has long been an important market for wealth management firms with the plethora of developing economies and a burgeoning retail investment market. But there’s still a huge market to capture: About 40% to 45% of personal financial assets in the region are held in cash and deposits as of 2023, according […]

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She grew up a gearhead — now her startup has raised $4.3M to cut CO2 from trucking

The irony was not lost on her. Growing up the daughter of a family obsessed with car racing, Danielle Walsh had become — in her late 20s — the head of HSBC’s ‘Future Cities’ project, the global banking giant’s effort to serve clients’ climate change mandates. It was 2018, and she was reporting both into the […]

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Opera is releasing its redesigned browser on iOS

Opera is releasing its redesigned Opera One browser on iOS as a stable release after testing it in the beta phase for weeks. The new browser has a bottom placed search bar for easy browsing, quick search suggestions while typing, and Aria AI assistant integration. While the placed search bar will be the default option, […]

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Monday, August 12, 2024

The crypto founder who didn’t save Puerto Rico after all

In Puerto Rico, tax breaks enacted in 2012 aimed to juice the economy by encouraging mainland U.S. citizens to do business and live on the island, where they could apply to pay nothing in capital gains taxes. But the tech — and primarily crypto — entrepreneurs who showed up in droves to shield their wealth […]

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