Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from the clampdown by the central bank. Paytm fell to 487 Indian rupees, or $5.88 within minutes of the market opening, the lowest it has hit in 55 weeks. Paytm shares also…
Last night, I fell asleep under the stars, the chirp of crickets intermingling with the old radiator’s whistle off in the distance. I just finished an episode of Justified: City Primeval on the big screen. It was a constant 68 degrees, but I tucked myself into the duvet, nonetheless. For tonight, I’m thinking the surface…
Probabl isn’t your average AI startup as this new French company is an Inria spin-off company that revolves around an open-source data science library called scikit-learn — Inria is a well-known French technology research institute. As for scikit-learn, with more than 45,000 stars on GitHub, this Python module is widely used by machine learning teams…
A group of large investors in Byju’s has called for an extraordinary general meeting to change the leadership at Byju’s days after the edtech group launched a rights issue at $25 million pre-money valuation. Full statement: As investors with a track-record in supporting the Indian start-up sector over many years, we are strongly committed to…
Reliance-backed Viacom18 has reached an agreement to buy 60% of Disney’s India unit, WSJ reported Thursday citing unnamed sources, creating a pathway for the Indian conglomerate to form a $10 billion media giant in the South Asian market. The deal, which WSJ says will close this month, values Disney’s India unit at $3.9 billion, the…
They say don’t shoot the messenger, but what if The Messenger shoots itself? Media startup The Messenger burst on the scene last May with $50 million dollars in hand, aggressively hiring journalists to build an “unbiased” digital newsroom. Instead, its staff found out through a New York Times article today that the publication is shutting…
Meet Twin Labs, a Paris-based startup that wants to build an automation product for repetitive tasks, such as onboarding new employees to all your internal services, reordering items when you’re running out of stock, downloading financial reports across several SaaS products, reaching out to potential propects and more. “Twin’s starting point is a science-fiction idea.…
Google CEO Sudar Pichai said that the company’s Google One cloud storage service is ” just about to cross” 100 million subscribers. Speaking during Alphabet’s Q4 2023 earning call, Pichai added that the company is looking to add more AI-powered features to the Google One service. The search giant first launched Google One in 2018.…
Accel, an early investor in Indian e-commerce giants Flipkart and Myntra, is preparing a new fashion e-commerce bet in India even as competition intensifies with the recent expansion of Mukesh Ambani’s Ajio platform. Accel is in advanced talks to lead a $15-20 million funding round into Newme, an Indian fast-fashion e-commerce startup, according to four…
You know you’ve screwed up when you’ve simultaneously angered the White House, the TIME Person of the Year, and pop culture’s most rabid fanbase. That’s what happened last week to X, the Elon Musk-owned platform formerly called Twitter, when AI-generated, pornographic deepfake images of Taylor Swift went viral. One of the most widespread posts of…
