Monday, November 18, 2024

India’s HealthKart valued at $500 million in new investment

Indian omni-channel nutrition startup HealthKart has raised $153 million in one of the country’s largest consumer startup transactions this year, valuing the business at about $500 million, according to a source familiar with the matter. The new investment was co-led by private equity firms ChrysCapital and Motilal Oswal, with Avendus Capital serving as financial advisor. […]

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Sunday, November 17, 2024

Oyo founder seeks new investment at $3.8 billion valuation

Oyo founder Ritesh Agarwal’s investment vehicle has proposed to inject another $65.1 million into the hotel management startup, according to shareholder notifications reviewed by TechCrunch. The investment, through Redsprig Innovation Partners, would value the SoftBank-backed company at $3.8 billion, according to terms shared in the extraordinary general meeting notice. While this represents a 38% premium […]

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World of Warcraft turns 20

Blizzard Entertainment first released World of Warcraft in November 2004, so The New York Times celebrated the anniversary by outlining the many ways we can still see the massively multiplayer online roleplaying game’s influence’s 20 years later. For one thing, while multiplayer games and early social networks such as MySpace already existed, WoW provided a […]

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Norwegian startup Factiverse wants to fight disinformation with AI

In the wake of the U.S. 2024 presidential election, one fact became clear: Disinformation proliferated online at a startling rate, shaping Americans’ views about each candidate as well as a diverse set of topics, including public health, climate change, and immigration. Generative AI – with its ability to produce deepfakes in seconds and its propensity to […]

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Precursor’s Charles Hudson believes founders should test their investors

Charles Hudson, managing partner of Precursor Ventures, told an audience at AfroTech the basics of knowing when to invest: A company should have product-market fit and some form of traction.  But the next thing he said garnered some surprised looks from the audience: Founders should test investors with a small issue to see how they […]

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Robust AI’s Carter Pro robot is designed to work with, and be moved by, humans

Two things are immediately notable when watching the Carter Pro robot navigate the aisles of the demo warehouse inside Robust AI’s San Carlos, California, headquarters. The first is the shelving units: standardized, modular, and off-the-shelf. The wire frames will look familiar to anyone who has spent time in warehouses, and that’s certainly by design. The second […]

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A popular technique to make AI more efficient has drawbacks

One of the most widely used techniques to make AI models more efficient, quantization, has limits — and the industry could be fast approaching them. In the context of AI, quantization refers to lowering the number of bits — the smallest units a computer can process — needed to represent information. Consider this analogy: When […]

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The best tech for plant lovers

House plants are great. They can also be hard. All of those stress-reducing self-care qualities they promise tend to fade into the background when they suddenly turn brown for seemingly no reason. Unlike pets and human children, they can’t bug you when something is wrong. They just sort of wither. There’s a reason Reddit is […]

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Saturday, November 16, 2024

Consumer tech is bouncing back, and consumer founders like Brynn Putnam are bouncing back with it

When Brynn Putnam sold her last company, Mirror, to Lululemon for $500 million at the start of the pandemic, it looked to this editor like she’d sold the smart fitness company too soon.  Instead, the timing proved brilliant. The home fitness craze crashed nearly as abruptly as it peaked during that first year of lockdowns. […]

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SpaceX Starship: Everything you’ve ever wondered but were afraid to ask

SpaceX’s massive Starship rocket has the potential to transform the commercial space economy, ensure America’s position as the global leaders in the space race, and put humans on Mars for the first time. But first it has to get to orbit. This is becoming much more likely as the Starship test program accelerates and the company […]

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What a second Trump term means for the future of ransomware

The U.S. government has made big strides over the past four years in the ongoing fight against the “scourge of ransomware,” as President Joe Biden described it. At the start of his term, Biden and his administration were quick to declare ransomware a national security threat, unlocking new powers for the military and intelligence agencies. […]

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EU AI Act: Everything you need to know

The European Union’s risk-based rulebook for artificial intelligence — aka the EU AI Act — has been years in the making. But expect to hear a lot more about the regulation in the coming months (and years) as key compliance deadlines kick in. Meanwhile, read on for an overview of the law and its aims. […]

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Friday, November 15, 2024

‘AI Granny’ is happy to talk with phone scammers all day

On Thursday, the UK’s largest mobile network operator, O2, introduced a chatbot designed to frustrate phone scammers. Called “dAIsy,” it mimics an older woman with all kinds of time to chat – about knitting, her cat Fluffy – with the aim of keeping fraudsters engaged as they try obtaining her (fake) bank details. A press […]

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