Monday, September 2, 2024

Sunday, September 1, 2024

Validus, a Singapore-based digital SME lending platform, secures $50M debt financing to help enterprises in Indonesia

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Validus, a Singapore-based digital lending platform for small and medium businesses, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. Validus will use the proceeds to support the financial inclusion of micro, small and medium enterprises (MSMEs) in Indonesia, addressing the challenges they face in accessing financial resources. With […]

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Apple may ditch those old familiar USB-A ports in the new Mac mini

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The Mac mini will be the next Apple device to say goodbye to USB-A, according to Bloomberg’s Mark Gurman. Apple customers have probably gotten used to seeing the familiar, rectangular USB-A ports replaced with their thinner USB-C siblings. And while USB-C has its advantages, the transition can sometimes leave users confused and scrambling for adapters. […]

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The case against AI art

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No matter who powerful generative AI becomes, writer Ted Chiang says it will never create true art. Chiang is one of the most admired science fiction authors writing today, best known for the novella “Story Of Your Life” (which was adapted into the movie “Arrival”). But he’s also published terrific pieces for The New Yorker […]

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Investors are already valuing OpenAI at over $100B on the secondaries market

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OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told The Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries […]


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Saturday, August 31, 2024

Bolt reportedly threatens legal action against Silverbear Capital

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In the latest twist in Bolt’s aggressive fundraising efforts, the fintech company’s CEO appears to have made a veiled threat of legal action against Silverbear Capital, the investment bank whose involvement in the deal remains in some dispute. “We believe there was some internal miscommunication at Silverbear Capital, one of our lead investors, which has […]

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Bluesky tops app charts and sees ‘all-time-highs’ after Brazil bans X

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A Brazilian court’s decision to ban X (formerly Twitter) seems to benefiting its rivals, especially Bluesky. The microblogging platform announced late Friday that it was seeing “all-time-highs for activity” with 500,000 new users joining in the previous two days. It’s also number one on the free iPhone app chart in Brazil today, ranking just ahead […]

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Is OpenAI worth $100B?

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OpenAI could reportedly increase its valuation to $100 billion. Nvidia and Apple are apparently in talks to contribute to the company’s next fundraising round, and Thrive Capital would lead the deal should it happen, according to The New York Times. OpenAI’s annualized revenue reportedly eclipsed $3.4 billion early this year, but it’s said to be […]

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Amazon hires the founders of AI robotics startup Covariant

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Amazon announced Friday evening that it has hired Covariant’s founders — Pieter Abbeel, Peter Chen, and Rocky Duan — along with “about a quarter” of the startup’s employees. It’s also signed a non-exclusive license to use Covariant’s robotic foundation models. Earlier this year, Chen told TechCrunch that Covariant is building “a large language model, but […]

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