An African fintech that has grown on the strength of a 30,000-strong team of direct salespeople is moving into profit country by sub-Saharan country. Now, M-KOPA, the pay-as-you-go asset financing platform serving 5 million underbanked Africans, is racing toward a major milestone: surpassing an annual revenue rate of $400 million by year-end. The London-headquartered fintech […]
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Google Chat is rolling out instant voice meetings — similar to Slack’s Huddles — that let you quickly switch to a voice or video call from within a chat. Google is not giving the feature a new name, though, opting to call the feature “Huddles” as well. If you are in a Google Chat, you […]
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According to the Financial Times, HongShan, the Chinese investment firm spun off from Sequoia Capital in 2023, is aggressively expanding into Europe and North Asia owing both to “shrinking options” in China and to limited partners that have grown frustrated with how slowly HongShan is deploying the $9 billion in capital commitments it secured two […]
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India has bucked the global trend in initial public offerings this year, establishing itself as a rare bright spot for tech listings while other major markets face continued headwinds. The world’s most populous nation is now preparing for an even more substantial wave of startup IPOs in 2025. More than 20 startups are preparing to […]
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The FTC has launched an antitrust investigation into Microsoft, according to multiple reports that corroborate earlier reporting by the Financial Times. The agency is said to be looking into whether Microsoft violated antitrust law in multiple segments of its business, including its public cloud, AI, and cybersecurity product lines. Of particular interest to the FTC […]
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Adults are spending an average of 4 hours and 20 minutes each day online across smartphones, tablets and computers in the U.K., according to figures from Ofcom’s annual Online Nation report diving into consumer digital habits. The figure is a big jump compared to 2023, when adults over 18 spent an average of 3 hours […]
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The Federal Trade Commission is investigating Uber over whether it broke consumer protection laws by allegedly automatically signing people up for its Uber One subscription service and making it hard to cancel, according to Bloomberg News. The investigation was opened earlier this year after the FTC received customer complaints. Uber told Bloomberg that its cancellation […]
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OpenAI has filed a trademark application for its latest AI model, o1, as the firm moves to shield its IP. On Tuesday, OpenAI submitted paperwork to the U.S. Patent and Trademark Office (USPTO) to register the trademark “OpenAI o1.” Interestingly, the documents reveal that OpenAI filed for a foreign trademark application in Jamaica in May, […]
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Voice AI startup ElevenLabs on Wednesday introduced a feature that lets you upload different types of content to create a multi-speaker podcast for you, similar to Google’s NotebookLM. The feature, called GenFM, can be found on the company’s ElevenLabs Reader iOS app. Currently, GenFM supports 32 languages, including English, Hindi, Portuguese, Chinese, Spanish, French, German, […]
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Xiaodi Hou, the co-founder and former CEO of self-driving truck startup TuSimple, is demanding that the board immediately liquidate the company and return all remaining funds – roughly $450 million – to shareholders “on a pure pro-rata basis, regardless of share class,” according to a letter that TechCrunch has viewed. Hou is also suing TuSimple […]
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The Chinese autonomous driving tech company will go public on the U.S. markets at $13 per share.
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TikTok is now the go-to social network for more than a billion users, bringing it to the attention of 14 U.S. attorneys general, who recently announced they were suing the company over its negative impact on minors’ mental health, as well as for harvesting their data. A subsequent report indicated that the company’s own research […]
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Raspberry Pi is better known for its single-board computer with a ton of ports sticking out. The most recent of which is the Raspberry Pi 5, which was introduced in September 2023. These small computers are perfect for the education market and for tech enthusiasts looking for a cheap computing device to power an interactive […]
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There’s a new AI model family on the block, and it’s one of the few that can be reproduced from scratch. On Tuesday, Ai2, the nonprofit AI research organization founded by the late Paul Allen, released OLMo 2, the second family of models in its OLMo series. (OLMo’s short for “Open Language Model.”) While there’s […]
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Helping consumers find the perfect glasses is a booming global business, spawning giants like Warby Parker in the U.S. and Lenskart in India. In the Middle East, this market is producing its own rising powerhouse: Eyewa. Eyewa, based in Dubai and Riyadh, sells a wide range of eyewear products, including prescription glasses, sunglasses, blue light […]
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