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Showing posts from 2023

iQoo Z7 Pro 5G teased on Amazon, tipped to launch in India soon

iQoo Z7 Pro 5G is reportedly ready for launch in India next week, according to teasers by parent brand Vivo. The company issued an image of the smartphone in July, but has released no further details on specifications or features. The phone has a curved edge display with a punch hole camera and a predicted 6.78-inch full HD+ resolution AMOLED display with a 120Hz refresh rate. It expected to come in 8GB+128GB and 12GB+256GB variants, powered by the MediaTek Dimensity 7200 SoC. The price has not been revealed. from Gadgets Now https://ift.tt/2uBNPFy

Elon Musk may need a surgery ahead of his fight with Mark Zuckerberg

Elon Musk may have to undergo surgery before his 'cage fight' with Mark Zuckerberg can take place. He needs to undergo an MRI of his neck and upper back. Musk stated "exact date is still in flux. May require surgery before the fight can happen. Will know this week". The two billionaires had previously agreed to fight each other, and all proceeds from the live stream of the battle will be donated to charity for veterans. However, Zuckerberg is unsure if the bout will ever happen, and has suggested a more reliable platform should be used for the live stream. from Gadgets Now https://ift.tt/8Ng3noc

Facebook founder Mark Zuckerberg to Elon Musk: "Ready today" to fight today, confirm the date

Mark Zuckerberg has responded to Elon Musk's proposal of a cage fight by saying he's ready to fight, while hinting that Musk has yet to confirm a date. Zuckerberg suggested holding the fight on August 26, and said he is "not holding my breath" for confirmation from Musk. The comments were posted on Instagram Threads, which is owned by Facebook, after Musk announced the contest would be live-streamed on his social media platform X, with all proceeds going to veterans charities. Zuckerberg responded by saying they should use a "more reliable platform" that can raise money for charity, which X no longer has. from Gadgets Now https://ift.tt/vNOBwMC

Paytm’s Vijay Shekhar Sharma to buy stake worth $628 million from Ant Financial

Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to acquire a 10.30% stake in the Indian financial services firm in a move that appears to be orchestrated to cut the Noida-headquartered giant’s exposure to the Chinese company. Resilient Asset Management, a firm fully owned by Sharma, is acquiring the stake from Ant Financial, Paytm said. The deal is being executed at Paytm’s share closing price on August 04, making the 10.3% Paytm stake worth $628 million.  Sharma or Resilient is not making any cash payment in deal, which is being executed off-market. Furthermore, Sharma has made no pledge, guarantee, or other value assurance directly or otherwise to Ant Financial, Paytm said. Paytm jumped 7% on the news. Following the deal, Sharma’s stake in Paytm will increase to 19.42%, whereas Ant Financial’s shareholding will pare down to 13.5%, Paytm said. The move follows a turnaround at Paytm, which had a lacklustre listing but has impr

Quordle 560 hints and answers for August 7, 2023

Quordle is a more complicated version of the game Wordle. To solve the puzzle, users must discern the correct combination of letters from a set of options. The game's creators have provided hints to make it easier to solve, including the starting and ending letters of the words to be guessed, as well as brief definitions of each word. Today's answers for the game are SMITE, GRIND, CRAWL, and FIBRE. from Gadgets Now https://ift.tt/C3m7Tfe

BGMI redeem codes for August 7: Grab exciting rewards, free skins and gifts

Battlegrounds Mobile India (BGMI), a modified version of PUBG Mobile for Indian audiences, is a free-to-play battle royale game with new features including a parental control system and no in-game chatting. Redeem codes entered into the game offer a variety of in-game items such as weapons, skins, and currency. On August 7, the redeem codes included. from Gadgets Now https://ift.tt/6yNHd5f

Twitter Blue now has a new name, here’s what it is called

Twitter Blue has been renamed X Premium as part of the company's rebranding plan. Twitter changed its official handle to @Premium, and company owner Elon Musk announced the name change while talking about ad revenue share on X. To be eligible for the share, users must meet at least four requirements, including being a premium subscriber and having at least 500 followers. X has also taken other handles from users, such as @Sports and @Music. from Gadgets Now https://ift.tt/cVu8A5s

Taking another look at venture debt

Silicon Valley Bank’s nosedive has soured many on venture debt, and for early-stage companies, it bears being cautious. As an option for growth-stage companies with more predictable cash flow, however, things may be a little different. TechCrunch+ spoke with David Spreng, founder and CEO of Runway Growth Capital and author of “ All Money Is Not Created Equal ” to help to clear up some of the misconceptions that surround debt. Even though the interest on venture debt is usually astronomical, venture debt’s main advantage is that it doesn’t require startups to give up any equity. Not diluting shares in order to raise money can have a huge impact on the economic outcomes, and raising money through a bank loan is usually much easier than raising a round of venture capital. Silicon Valley Bank: Here’s a timeline of the bank’s failure Though taking on debt isn’t always the best option, there are some circumstances you may find yourself in where it makes the most sense. Venture debt

How Thomson Reuters is leveraging AI to enhance productivity, rather than replace jobs

Thomson Reuters is a venerable news and information organization, with its historical roots stretching all the way back to the 19th century. The two companies merged in 2008 and provide a combination of news and specialized information in areas like law, trade and accounting. The organization processes a ton of information every year, relying on a staff of 27,000 subject experts and journalists around the world to generate a variety of content. As generative AI has emerged in recent months, it would surely be tempting to use it in the newsroom, as other news organizations have done, and see this capability as an opportunity to reduce staff, cut costs and automate, automate, automate. While the company sees the benefits of AI for both its employees and customers, it is not in the worker replacement camp, at least not yet. Instead, it sees AI as a way to help customers find information faster, and help its employees operate more efficiently, removing the mundane parts of the job so pe

How a frugal approach helped land Lula more runway amid a market downturn

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It was an eventful week in fintech startup land, and we did our best to capture the highlights. We covered some raises, new product lines, at least one M&A deal and more. Oh, and if you want to receive this in your inbox in the future, sign up here . Lula tightens its belt and raises $35.5M at a 5x valuation One of the coolest things about covering startups is covering them in their earlier stages and then watching them grow and raise more money over time. During the 2021 funding boom, it was very common for companies that I had previously covered to raise another round at a higher valuation. During this quieter funding season in 2023, it’s far less so. But last week, I did get to report on Lula , a startup that aims to be the “Stripe for insurance.” Twin brothers Michael and Matthew Vega-Sanz started the company at the age of 24 in early 2020 and went on to raise an $18 million Series A (which I covered here ) in 2021. This past week, they announced a $35.5 million Series B co

Will the Law Commission’s digital assets final report make the UK a DeFi jurisdiction of choice?

Dr. Adam Sanitt Contributor Dr. Adam Sanitt is a knowledge director specializing in financial disputes, technology and innovation at global law firm Norton Rose Fulbright. Laws and regulations for digital assets tend to arrive either too early or too late. Too early when they include details that turn out to be awkward or irrelevant when technology moves in a different direction. Too late when they wait for certainty and meanwhile leave important areas unregulated and vulnerable to fraud. The English Law Commission, in its final report on digital assets, proposes to solve this riddle with a new approach that might make the U.K. a jurisdiction of choice for DeFi and other digital asset structures. A lack of clarity in how they are treated by the courts prevents DeFi and the digital asset economy from developing more widely. As a holder of NFTs or a participant in DeFi, you might think that legal uncertainty does not affect you — cryptoassets exist independently of any leg

4 ways generative AI makes founders more interesting to journalists

Craig Corbett Contributor Share on Twitter Craig Corbett is a partner at Publicize , a PR agency helping tech leaders and investors push their brands to the front and center of a rapidly evolving media landscape. The advent of generative AI will lead to a tectonic shift in how startups do PR over the next few years. In July , the Associated Press became the first major news company to sign a deal with OpenAI, while media job cuts have reached record highs . Gutted newsrooms could stymie one of the greatest engines of startup growth. While generative AI will enhance the capabilities of many publications, they’re also creeping onto news sites in ways we can’t foresee while journalists are laid off. Inevitably, some startups will choose to use AI to churn out thought leadership and PR content. The problem with that is, if anyone and everyone can do something, then it becomes devoid of value. If any founder can ask ChatGPT to create a listicle on “5 reasons e-commerce will

Steve Jobs’ son launches a fund, NASA debuts a streaming service, and writers protest a proposed surveillance law

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Hey, folks, and welcome to Week in Review (WiR), TechCrunch’s newsletter that highlights key developments in the tech industry over the past few days. If you missed the news this week, no biggie. That’s what WiR is for. We’ll fill you in. In this edition, we cover Reed Jobs, the son of Steve Jobs, who is launching a new venture fund to back cancer treatments; China’s cutthroat e-commerce tactics; and fan-fiction writers rallying against a proposed U.S. law that could lead to greater surveillance online. Elsewhere, we pull back the curtains on Google Assistant reportedly pivoting to generative AI; NASA launching its own streaming service, called NASA+; and Walmart buying VC firm Tiger Global’s remaining Flipkart stake. If you haven’t already, sign up here to get WiR in your inbox every Saturday. Now, on with the recap. Most read Jobs fights cancer: Reed Jobs, the 31-year-old son of Apple co-founder Steve Jobs and philanthropist Laurene Powell Jobs, is stepping into the spotlight w

Hate your commute? Googlers can sleep on campus at a discount

The pandemic disrupted the office in a fundamental way. Remote work turned from a nice perk to a way of life for many. It’s an abrupt change for a tech industry that has a long history of rolling out perks to keep employees in the office for as long as conceivably possible. Google is among those corporations that has been pulling out all the stops to get Googler butts back into their Herman Miller Aerons. But a new perk is rubbing some employees the wrong way. The company is internally advertising a $99 “Summer Special” for its campus hotel. Granted, as someone who frequently books lodging in the South Bay, that’s quite a deal, but the whole bit about effectively sleeping at the office leaves a bit to be desired. “Just imagine no commute to the office in the morning and instead, you could have an extra hour of sleep and less friction,” the company writes. “Next, you could walk out of your room and quickly grab a delicious breakfast or get a workout in before work starts.” The “deal

Import ban on laptops and tablets import: Government gives 3 months under this new notification

The Indian government has introduced a "transition period" for tech companies, including Samsung, Dell and Apple, to comply with new restrictions on the imports of laptops, tablets and personal computers. The new rules will now take effect from 1 November, following a "transition period". from Gadgets Now https://ift.tt/jCz4vDQ

Berkeley Yeast, S2G dish on the future of beer, meat and more at TC Disrupt 2023

In case you missed it, July 2023 was the hottest month ever recorded on Earth. On the bright-ish side, research shows that 69% of Americans want our nation to become carbon neutral by 2050. Achieving that goal will require changing the way we think and act about sustainability. But, when push comes to shoveling food into our faces, how far are we willing to go? Will we make room on our plates for lab-cultured meat or pour frosty mugs of genetically modified beer? And will shifts such as these meaningfully help us avoid worst-case climate scenarios? These are just a few of the questions we can’t wait to digest when Charles Denby, co-founder and CEO of Berkeley Yeast, and Matthew Walker, managing director of food and agriculture at S2G Ventures, join us for a session called “Beer, Lab Meat and Climate Chaos.” You’ll find it cooking on the Sustainability Stage at TechCrunch Disrupt 2023 , which runs September 19–21 in San Francisco. Denby’s Berkeley Yeast focuses on genetically modi

Governments and public services globally facing 40% more cyberattacks: Report

Government agencies and public services were 40% more targeted in cyber attacks, according to BlackBerry. Converged industries such as healthcare and financial services were the most targeted, with a growing trend in cyber criminals attacking digital banking services through mobile malware. from Gadgets Now https://ift.tt/ebu12t6

AI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung

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The appetite for hardware to train AI models is voracious. AI chips are forecast to account for up to 20% of the $450 billion total semiconductor market by 2025, according to McKinsey . And The Insight Partners projects that sales of AI chips will climb to $83.3 billion in 2027 from $5.7 billion in 2018, a compound annual growth rate 35%. (That’s close to 10 times the forecast growth rate for non-AI chips.) Case in point, Tenstorrent , the AI hardware startup helmed by engineering luminary Jim Keller, this week announced that it raised $100 million in a convertible note funding round co-led by Hyundai Motor Group and Samsung Catalyst Fund. Indeed, $50 million of the total came from Hyundai’s two car-making units, Hyundai Motor ($30 million) and Kia ($20 million), which plan to partner with Tenstorrent to jointly develop chips, specifically CPUs and AI co-processors, for future mobility vehicles and robots. Samsung Catalyst and other VC funds, including Fidelity Ventures, Eclipse V

ITI on Data Protection Bill: Welcome step, but concerns remain

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EventMobi acquires a16z-backed virtual events platform Run The World

EventMobi , an event management software provider based in Toronto, Canada, today announced that it’s agreed to acquire Run The World , an Andreessen Horowitz (a16z)-backed platform for online events, for an undisclosed amount. Bob Vaez, the founder and CEO of EventMobi, said that the purchase will enable EventMobi to “double down” on delivering diverse event formats, expand its reach and “solidify [its] position as industry leaders.” In the coming months, Run The World customers will be able to sign up to join EventMobi’s product platform, with EventMobi’s customer success teams assisting in the transition. “We’re standing at the dawn of a new era for business conferences, events and communities,” Vaez said in a canned statement. “The future of events will blend in-person and virtual experiences to foster and engage communities. We are committed to enabling our customers to choose the best format to allow their attendees to learn, connect and exchange ideas year-round.” Launched i

TCS rolls out neural manufacturing solutions on Microsoft Cloud

Tata Consultancy Services has launched a suite of TCS Neural Manufacturing solutions on Microsoft's Cloud for Manufacturing, designed to futureproof manufacturing operations, drive differentiation, and optimise value chains. The suite includes digital manufacturing solutions, clever energy and the cognitive plant operations adviser, as well as other products. TCS demonstrated the solutions with Microsoft at Hannover Messe 2023, showcasing boundaryless business models and seamless customer experiences. TCS' Microsoft Business Unit comprises 50,000 Microsoft-certified associates and helps leading manufacturers worldwide pursue growth and transformation initiatives. from Gadgets Now https://ift.tt/Yuzv48A

The San Francisco Giants will wear big Cruise ads through 2025

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One of the fringe benefits of owning a professional sports team is the ability to sell ads on just about everything. Stadiums have been at it for some time, of course. Who can forgot when the Staples Center became the more ominous Crypto.com Arena at the end of 2021? Uniform patches have been a thing for some time, as well, proving that nothing is above becoming a mobile billboard. Soccer fans have seen it for years, and more recently the NHL and NBA have followed suit. It’s a newer phenomenon in the world of Major League Baseball, with clubs approving sponsored patches at the beginning of the current season, alongside changes like the pitch clock, bigger bases and the shift ban. The beginning of the 2023 season saw seven of the league’s 30 teams selling sponsorships. We're thrilled to be the first-ever @SFGiants jersey patch partner Here’s how we drew inspiration from the ballpark to create a patch worthy of our hometown team. pic.twitter.com/luRxKmJq9f — cruise (@Cruise)

Moonware’s AI lets airfield ground crews ditch the walkies

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The fact that any flight departs on time is a minor miracle, one that requires the precise synchronization of thousands of data points and an equally large workforce on the ground. Much of this the passenger never sees – especially the ground support crews and infrastructure that load catering and baggage, refuel planes, and assist in taxiing. According to the founders of Los Angeles-based Moonware , this current status quo is begging for improvement. Regarding ground operations, “everything is still really manual and really uncoordinated,” Moonware co-founder and CEO Javier Vidal said in a recent interview. “Everything still works with walkie talkies and papers. […] At the end of the day, it’s all a last-minute scramble to find the right people and the right equipment to service the flights on time.” Moonware’s solution is an AI-powered OS for ground ops it calls HALO, which algorithmically coordinates ground operations in real-time. The software considers variables like distance,

Commentary: The old guard in venture reigns supreme

Black founders raised $212 million out of $29 billion this Q2, picking up just 0.71% of the capital allocated to U.S. founders this quarter, according to Crunchbase. In Q2 2022, Black founders raised $602 million out of $62 billion, or 0.97%, of the capital allocated. In total, Black founders raised around $565 million out of $75 billion in H1 2023, which is 0.75% of all capital raised in the U.S. so far this year. That, too, is a drop from the $1.8 billion out of $144 billion, or 1.25%, that they raised in H1 2022. Overall, funding to Black founders has gone down from previous years, but the overall amount of funding allocated has gone down, too. This isn’t surprising. Black founders have never raised more than 2% of capital in any given quarter, and the funding to them has been on a steady decline since the first quarter of 2022. Black founders picked up at least a billion in every quarter of 2021, momentum pushed forward by the Black Lives Matter movement in 2020. But quietly, att

App Store users are downrating Twitter’s rebranding to X with 1-star reviews

Many people have mixed feelings over Twitter’s rebranding to X, in preparation for its transformation into owner Elon Musk’s vision of an “everything app.” But on the U.S. App Store, users have been venting their frustrations over the name change, leading to a surge in 1-star negative reviews, a new analysis shows. According to data from market intelligence firm Sensor Tower, nearly 78% of all the U.S. iOS reviews of the newly renamed X app have been 1-star reviews since July 24th, the day of the official rebrand, compared with just 50% over the previous two weeks. (50% is still not a great number and one that speaks to other user complaints about the numerous changes Twitter has made under Musk’s ownership.) The new 1-star reviews are in direct response to the rebrand, Sensor Tower notes, as users wrote how they’re upset with the new logo and name. “Bring back the BIRD,” writes one user. “GIVE US BACK THE BIRD!!!” shouts another. “What is X?,” asks a third reviewer. “Good app

Ask Sophie: Any tips for F-1 student visa approval amid the rising denial rate?

Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Ask Sophie: Which US visas are best for international founders? Ask Sophie: How realistic are my chances of hiring H-1B candidates at my startup? Here’s another edition of “Ask Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn , a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.” TechCrunch+ me

What if room temperature superconductors were real?

Hope springs eternal. For decades, there have been claims that researchers have created room-temperature superconductors. The materials promise to conduct an electric current with zero resistance while throwing off powerful magnetic fields. They’re a holy grail of materials science. Last week, a team from South Korea claimed to have created one — and not just a material that superconducts at ambient temperature, but one that does so at ambient pressure, too. Oh, and it’s made of relatively common materials including lead, phosphorus and copper. The researchers published their findings on a preprint server. While not the gold standard in scientific publishing, it’s a decent first step that allows other experts to vet the claims. It’s still too early to tell whether their extraordinary claims will hold up, but some preliminary theoretical work suggests that they’re not out of the realm of possibility. Still, many researchers remain skeptical. But what if the claims were true? Myriad