Wednesday, September 11, 2024

Tuesday, September 10, 2024

InMobi secures $100 million for AI acquisitions ahead of IPO

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Adtech startup InMobi has raised $100 million in debt financing as the profitable Indian firm looks to “significantly deepen” its artificial intelligence initiatives and fund potential AI acquisitions ahead of a planned IPO next year.  Mars Growth Capital, a joint venture between MUFG and Liquidity Group, has financed the funding, InMobi said Wednesday. The investment […]

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Sergey Brin says he’s working at Google ‘pretty much every day’ on AI

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Google co-founder and ex-Alphabet president Sergey Brin said he’s back working at Google “pretty much every day” because he hasn’t seen anything as exciting as the recent progress in AI — and doesn’t want to miss out. Brin revealed the tidbit in an interview during the All-In Summit in L.A. this week. Last year, several […]

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Senate leaders ask FTC to investigate AI content summaries as anti-competitive

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A group of Democratic senators is urging the FTC and Justice Department to investigate whether AI tools that summarize and regurgitate online content like news and recipes may amount to anti-competitive practices. In a letter to the agencies, the senators, led by Amy Klobuchar (D-MN), explained their position that the latest AI features are hitting […]

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EV warranty startup Amber launches a remote diagnostic service for Teslas

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EV warranty startup Amber is expanding nationwide, bringing on new vehicles and offering a new remote diagnostic scan — all signs that the one-year-old company is putting its recent $3.18 million seed round to good use. The startup launched an aftermarket warranty product for Tesla vehicles called AmberCare — which is a suite of warranty […]

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Threads is not working on its own DM system yet, but it might make it easier to send Instagram messages

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The Threads team is not yet working on a separate inbox or a direct messaging system for the social network, despite user demands and will continue to use Instagram inbox. However, the company might make it easier to send messages to Instagram right from the Threads app. App researcher Adwaith Varma posted on Threads an unreleased Threads […]

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Google loses appeal against EU’s €2.4B Shopping antitrust decision, as bloc also wins Apple state aid appeal

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Google has once again lost in its bid to overturn a 2017 antitrust decision by the European Commission. The bloc found its shopping comparison service had broken competition rules — hitting Alphabet, Google’s parent, with an at-the-time record-breaking €2.42 billion penalty (around $2.7 billion at current exchange rates) and ordering changes to how it operates […]

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Monday, September 9, 2024

Swiggy weighs increasing its IPO size by $150M, aiming to raise up to $1.4B

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Indian food delivery startup Swiggy is considering increasing the fresh issue component of its initial public offering by $150 million, aiming to raise a total of up to $1.4 billion in what is shaping up to be one of the largest public listings in India this year. The Bengaluru-headquartered startup will ask shareholders to approve […]

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Formo gets investors’ mouths watering with Koji protein-based animal-free cheese

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A love of food — and, well, cheese — has landed German fermentation startup Formo‘s co-founder Roman Plewka and its team a hefty $61 million Series B round to keep scaling production of their climate-friendly, animal-free cheese. The Berlin-based startup’s first products use a base of Koji protein, a type of fungal microorganism that’s been […]

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