TikTok faces an uncertain fate in the U.S. once again. On Wednesday morning, the House of Representatives will debate the newest bill to ban TikTok, which passed unanimously out of its committee last week. After a surprise flurry of activity in the House, TikTok is the target of a new government push to separate the company…
Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, is investing $80 million in Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and other financial institutions. The new investment values Perfios at a valuation of over $1 billion. 15-year-old Perfios, which raised a $229 million…
Decentralized Twitter/X rival Bluesky announced on Tuesday that it’s open sourcing Ozone, a tool that lets individuals and teams collaboratively review and label content on the network. The company plans to open up the ability for individuals and teams to run their own independent moderation services later this week, which means users will be able to…
Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan,…
Apple will allow iOS developers located in the European Union to distribute apps from the web, rather via its App Store. The option, which it says will be made available to qualifying developers “later this Spring”, is being offered in response to the bloc’s Digital Markets Act (DMA) which puts obligations on how Apple can…
Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. The eye-popping funding round is the latest example of investor fervor for AI. Applied Intuition appears to have nailed…
Perhaps a few years from now, the halls of the Georgia World Congress Center will be peppered with humanoid robots the week of Modex. In 2024, however, Digit stands alone at the supply chain show. It’s a testament to Agility’s healthy head start over competitors like Figure, Tesla, 1X and Apptronik. This time last year…
Reddit’s IPO plans are coming into focus with a new S-1 filing released Monday morning that sets an initial price range for its stock at $31 to $34 per share. If investors agree to pay its high-end range, its valuation should hit around $5.4 billion. At the low end of this range, $31 billion, though…
Telegram founder Pavel Durov said that the company expects to hit profitability next year with eyes on going public in the future. The chat app, which crossed 900 million users, is making “hundreds of millions of dollars” through ads and subscriptions, Durov told the Financial Times in an interview. He mentioned that while global investors…
Founded by former Silicon Valley engineers, UK-based Griffin Bank, an API-driven banking-as-a-service platform just obtained a banking license, roughly one year after starting the application process. This means it has been given the green light from the UK’s financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), to exit ‘mobilization’ and…
