Newsroom
UK-based Fintech Revolut Reaches $45 Billion Valuation
After a recent private secondary market share sale, UK-based fintech giant is now valued at $45 billion. Revolut CEO, Nik Storonsky said the share sale was to supply employee liquidity for those employees who wanted to cash out. “It’s their hard work, innovation, and dedication that has ...
Susan Wojcicki, Former YouTube CEO Dies
The former CEO of YouTube, Susan Wojcicki is reported to have died. It is reported she died of lung cancer. She was 56 years old at the time of her passing. Susan was there at the very inception of Google, when the Google founders, Sergey Brin and Larry Page used the basement of her house to launch ...
Airbnb To Launch New Features and Products
Short-term rental company, Airbnb is reportedly planning to expand its suit of offerings beyond just short-term rentals, to include co-hosting, and “experiences”.
Co-hosting is a situation where someone owns a home, but cannot list it on Airbnb because they don’t have the time ...
TikTok Adds Group Chat Feature To Its Platform
TikTok, the popular short form video-sharing platform has added a new feature to its platform, group chat. By so doing, it aims to create a more interactive ecosystem where users can not only share videos, but can now chat with one another by creating group chats with up to 32 members. Previously, u...
Waymo To Start Driverless Taxi Testing In San Francisco
Waymo, the Google-backed, autonomous and self-driving car company is reported to begin testing its robotaxis on the San Francisco freeways this week. This comes after Waymo recently got approval from California regulators to start charging for its self-driving cars. ...
UK Antitrust Regulator Is Investigating Amazon Over It's Anthropic Investments
Amazon is being officially investigated by the UK’s antitrust regulator, the Competition and Markets Authority (CMA), after it recently invested $4 billion into AI startup, Anthropic. For monopoly reasons, it is perceived Amazon seeks indirect-control of the startup. In light of the emergence ...
TikTok Agrees To Remove Addictive “Tasks and Rewards” Feature
By agreeing to remove an addictive rewards feature on it’s app, the European Commission has agreed to close a Digital Services Act (DSA) investigation it had on TikTok. The TikTok feature rewards users with points for doing certain in-app tasks such as liking and watching videos, amongst other...
OpenAI Adds Professor Zico Kolter To Its Board
A Carnegie Mellon professor, Zico Kolter, has been added to OpenAI’s board of directors. Professor Zico is an authority in AI safety, and his technical expertise in AI safety will be invaluable to OpenAI governance. OpenAI has recently had issues with its AI safety team, with its top AI safety...
Flipkart Enters Quick-Commerce Market In India
Quick-commerce, an e-commerce concept whereby orders are delivered to buyers within 10 – 15 minutes after buyer makes a purchase. The company achieves this by placing small warehouses in several strategic locations, ensuring that orders can be delivered within a few minutes.
Flipkart, Indi...
Defense Startup, Anduril, Raises $1.5 Billion
Anduril, the 7-year-old defense startup has reportedly raised $1.5 billion, at a valuation of $14 billion. This is a huge jump from the company’s last valuation of $8.5 billion in 2022. Anduril aims to compete against established, legacy, defense contractors such as Lockheed Martin, Northrop G...
Warren Buffett Cuts His Apple Holdings In Half
Berkshire Hathaway, Warren Buffet’s investment company has reduced its almost $170 billion investment in Apple down to half. Apple recently announced third quarter earnings. iPhone sales declined while iPad sales saw an increase. Apple CEO said the company has been reorganizing its resources t...
Threads Reaches 200 Million Users
Just barely 13 months after its launch, Meta’s Threads now has 200 million active users. “I’m excited to share that we crossed the 200M milestone on @threads”, Adam Mosseri, head of Instagram said. He went on to say that: “My hope is that Threads can inspire ideas that ...
Meta To Pay $1.4 Billion Fine To The State of Texas Over Facial Recognition Privacy Software
For over 10 years, Facebook utilized a tool called “Tag Suggestions”, which made it possible for users to tag photos with names. The feature uses facial recognition software to collect biometrics on users. It essentially runs facial recognition on every photo ever uploaded on Facebook, a...
Intel Lays Off 17,000 Employees
Chip maker Intel has reported it is letting go about 15% of its workforce, which translates to about 17,000 jobs. Intel reports this is part of a wide-scale cost cutting measure company wide. Intel’s CEO Pat Gelsinger said: “This is an incredibly hard day for Intel as we are making some ...
Honda To Close 3 Factories
The automotive giant, Honda, is going through a rough patch currently and has decided to close down three of its factories due to poor sales performance. The closures include plants in Japan and in China. Honda sold 5.3 million vehicles in 2018. This year, it sold 3.3 million vehicles. This sales de...