A Wall Street Journal article on Friday warns that Instagram’s new Twitter competitor Threads is already losing steam. Citing third-party data from Sensor Tower, the paper reports the number of daily active users on Threads dropped for the second week down to 13 million, a 70% decline from a July 7 high point. By comparison,…
Telegram is rolling out its Stories feature to Premium users, the company confirmed in a tweet on Friday. The official roll out for Premium users comes a month after Telegram CEO Pavel Durov announced that the messaging app would be adding Stories in July. It’s currently unknown when Telegram plans to launch Stories for non-Premium users.…
Tiger Global, DST Global, Peak XV, Steadview Capital, and Kotak Private Equity are among global and Indian investors who have asked Prime Minister Narendra Modi to reconsider India’s recently announced taxation on online gaming, saying the “onerous tax regime” will lead to a write-off of $2.5 billion and loss of 1 million direct and indirect…
Aurora Innovation, the self-driving technology company that aims to launch an autonomous trucking business in 2024, has completed a capital raise of $820 million from a public and concurrent private offering of its stock. The company expects the deal to close Friday. The stock sale will help fund Aurora through commercial launch at the end…
It has been a bumpy six months for the global startup ecosystem. It has been equal parts exciting and alarming to see the advancement of generative AI conversations with the breadth of applications increasingly understood. It’s our view that we are coming to the end of the hype cycle, and startups, even those that previously…
Google is testing a tool that uses AI to write news stories and has started pitching it to publications, according to a new report from The New York Times. The tech giant has pitched the AI tool to The New York Times, The Washington Post and The Wall Street Journal’s owner, News Corp. The tool,…
Python is the preferred programming language in AI, however, most organisations can’t incorporate their Python developers into legacy data infrastructure. That means they miss out on pulling the benefits of AI into the org. However, there has been a lack of open source python library for developers designed around AI workflows. DLT (short for data…
Having worked in the food industry for several years, Shirley Chen saw firsthand the challenges of managing staffing and training for restaurant expansion. So when she met her future co-founders, she saw an opportunity to leverage their expertise in chemistry and electrical and electronic engineering, along with her own food and beverage background, to start…
A year ago today, Netflix reported its largest quarterly loss ever, with 970,000 subscribers dropping the service. The company has since crawled out from under the rubble. Netflix revealed Wednesday that, for the second quarter of 2023, the streaming giant saw a jump (or should we say leap) in 5.9 million global subscribers, bringing the…
Microsoft and Activision have jointly agreed to extend the deadline to complete their mega merger for a further three months in order, they say, to allow time to resolve “remaining regulatory concerns”. The original deadline for Microsoft to close the $68.7 billion acquisition of Activision it announced back in January 2022 was July 18 (yesterday).…
