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Category Archives: Tech
Taking a cue from X, Threads tests AI-powered summaries of trending topics
As the Twitter-like social network Bluesky sees a significant surge in users this month, Meta’s own X competitor Threads has been rapidly building out its platform. On Friday, Instagram head Adam Mosseri announced that Threads will start testing AI-powered summaries … Continue reading
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StoreCash’s new app lets you instantly earn cash back at stores
Daricus Releford always wanted to be a founder. In high school, he ran a hot dog station and in college launched a chocolate-covered strawberry business, making millions in sales before moving to Silicon Valley to pursue his dreams in tech. … Continue reading
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Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives.
Anthropic raises an additional $4B from Amazon, makes AWS its ‘primary’ training partner
Anthropic, OpenAI’s close rival, has raised an additional $4 billion from Amazon, and has agreed to make Amazon Web Services (AWS), Amazon’s cloud computing division, the primary place it’ll train its flagship generative AI models. Anthropic also says it’s working … Continue reading
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Apple and Google could face a competition probe over their huge mobile ecosystems in the UK
The U.K. Competition and Markets Authority’s independent inquiry group recommended the watchdog investigates Apple and Google’s activities in mobile ecosystems.
Apple’s mobile browser policies and Google pact are ‘holding back innovation,’ UK regulator says
An inquiry group setup by the U.K.’s antitrust authority has provisionally found that Apple’s policies are “holding back innovation in the browsers we use to access the web on mobile phones.” While the report focuses substantively on Apple, it also … Continue reading
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Flipkart co-founder Binny Bansal leaves PhonePe board
Flipkart co-founder Binny Bansal has stepped down from PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as … Continue reading
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New UK crypto regulations will include stablecoins and staking services
The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025. Speaking on Thursday at the Tokenisation Summit in London, economic secretary to the treasury Tulip Siddiq confirmed that the new rules would … Continue reading
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Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales
The Indonesian government expects Apple to invest more than $100 million into the country if it wants to sell its iPhone 16 in the growing market.
Temu owner misses sales forecast as Chinese economy slows
US-listed shares of the e-commerce giant fell nearly 11% on Thursday following the announcement.