Thursday, December 19, 2024

BlueQubit raises $10M to take Quantum software into real-world applications

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Integrating quantum computing into real-world computer applications is an ongoing problem, as the platforms are architected fundamentally differently. BlueQubit, a San Francisco-based quantum software startup founded by Stanford alumni, thinks it might have the answer.  Its Quantum Software as a Service (QSaaS) platform attempts to tackle the above problem by providing end-users with access to […]

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Wednesday, December 18, 2024

Indian startups raised 32% fewer rounds in 2024 as VCs got selective

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Indian startups raised 32% fewer funding rounds in 2024 compared to last year, per new numbers from data intelligence platform Tracxn, signaling that investors are being more selective when striking deals. The number of startup funding rounds fell to 1,448 compared to 2,114 last year, but overall funding rose 6% to $11.3 billion — the […]

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‘We want to pay it forward’: Funding Societies raises $25M to boost capital for SMEs in Southeast Asia

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Small and medium-sized enterprises (SMEs) account for nearly 50% of Southeast Asia’s GDP, contributing to job creation, innovation, and overall economic expansion. Nevertheless, as in other parts of the world, SMEs in Southeast Asia face challenges when it comes to sufficient working capital. In a nutshell, SMEs are typically deemed too risky for traditional banks […]

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Canoo furloughs workers and idles factory as it scrapes for cash

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Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned, […]

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New Anthropic study shows AI really doesn’t want to be forced to change its views

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AI models can deceive, new research from Anthropic shows — pretending to have different views during training when in reality maintaining their original preferences. There’s no reason for panic now, the team behind the study said. Yet they said their work could be critical in understanding potential threats from future, more capable AI systems. “Our […]

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Flipboard lauches Surf, a new app for browing the open social web

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Social magazine app maker Flipboard is reinventing itself for the new era of the open social web. While the company’s original app allowed users to collect content from blogs, news websites, and traditional social media services like Facebook and Twitter in order to create curated magazines, its new app called Surf, launching into invite-only beta […]

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YouTube says it will start cracking down on videos with clickbait titles in India

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A lot of YouTube videos have flashy, misleading titles and thumbnails, such as “BREAKING NEWS” or “The president steps down,” to bait the user into watching the video, which has non-related content. YouTube said Wednesday that it is now cracking down on such videos — especially if videos with topics breaking news or current events […]

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Access bets people will pay thousands of dollars a year for guaranteed restaurant reservations

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Once, not long ago, booking a table at a hot new restaurant didn’t entail a midnight dash to Resy. Truly, we didn’t know how good we had it then. Hours-long lines out the door are now the norm, not the exception, in major cities from New York to Los Angeles. One reason is that restaurants […]

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Tuesday, December 17, 2024

Threads is testing a post scheduling feature

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Meta’s social network Threads is experimenting with a feature that will let you schedule posts, Instagram head Adam Mosseri said. Users who will get to test this feature won’t be able to schedule replies. “We want to balance giving people more control to plan their Threads posts while still encouraging real-time conversations,” he said. People […]

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‘It’s dumb to IPO this year’: Databricks CEO explains why he’s waiting to go public

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Databricks just closed one of the largest funding rounds ever, raising a staggering $10 billion in fresh capital. Naturally, technology investors were quick to ask what this means for the company’s highly anticipated IPO. During an event in San Francisco on Tuesday night, Databricks CEO Ali Ghodsi explained why he’s waiting until at least 2025 […]

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India’s MobiKwik surges 82% in market debut

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Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. This remains […]

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Salesforce plans to hire 2,000 people to sell its AI products

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Cloud software giant Salesforce looks to hire thousands of new sales people to sell its AI tools to customers. The company plans to hire 2,000 new sales representatives, according to CNBC, which cited remarks from CEO Marc Benioff at a company event Tuesday. This doubles the hiring plans that Benioff told Bloomberg last month. Benioff […]

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