Kenyan HR and payroll startup Workpay lands Visa as investor in $5M round

Posted on August 22, 2024 by Techme101

Workpay provides cloud-based HR, payroll, and benefits solutions for businesses with employees across Africa.
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Microsoft revamps reporting structure to give better visibility into cloud consumption revenue

Posted on August 22, 2024 by Techme101

One analyst said Microsoft changes will provide better visibility into the software company’s Azure cloud infrastructure business.

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VC leading Bolt’s hoped-for $450M deal confirms he’s offering ‘marketing credits’

Posted on August 22, 2024 by Techme101

Ashesh Shah, the founder and CEO of The London Fund is, as you might imagine, bullish on Bolt. The London Fund is a U.K. venture firm with “over $1 billion in cash and assets” in AUM that is leading a proposed $450 million raise for Bolt, a one-click checkout startup that has been embroiled in […]
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Bolt’s Breslow faces uphill battle with proposed cramdown

Posted on August 22, 2024 by Techme101

Bolt’s aggressive ultimatum to its existing shareholders will be an expensive uphill battle, an expert familiar with Bolt’s corporate charter tells TechCrunch.
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U.S. Investigating Americans Who Worked With Russian State Television

Posted on August 21, 2024 by Techme101

The F.B.I. raided the homes of two prominent commentators on Russian state television channels as part of an effort to blunt attempts to influence November’s election.

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This new accessible Xbox nunchuck controller has 3D-printable joystick parts

Posted on August 21, 2024 by Techme101

Microsoft demonstrated its leadership in accessible gaming hardware again on Wednesday with the announcement of a new one-handed joystick controller for Xbox and PC. The Xbox Adaptive Joystick works with the company’s already robust accessibility hardware stack, and even includes support for custom 3D-printed parts. The Adaptive series of devices and controllers has been around […]
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Telecom that enabled Biden deepfake scam will pay FCC $1M

Posted on August 21, 2024 by Techme101

Early this year, AI-powered fake audio of President Biden reached voters in New Hampshire. The FCC struck back swiftly, identifying the perpetrator as the Texas-based Life Corporation, which has been behind similar scams over the years, and whacked them and an associated individual with a $6 million fine. But the scammers also enlisted the help […]
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OpenAI’s opposition to California’s AI law ‘makes no sense,’ says state Senator

Posted on August 21, 2024 by Techme101

OpenAI broke its silence on California’s most controversial AI bill on Tuesday, officially expressing opposition in a letter to California state Senator Scott Wiener and Governor Gavin Newsom. The AI giant argued SB 1047 would stifle innovation and push talent out of California — a position Wiener quickly replied “makes no sense.” “The AI revolution […]
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Bolt’s wild ultimatum to its VCs will only succeed if they agree, expert says

Posted on August 21, 2024 by Techme101

Bolt’s aggressive ultimatum to its existing shareholders will be an expensive uphill battle, an expert familiar with Bolt’s corporate charter tells TechCrunch.
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August was Medium’s first profitable month — ever

Posted on August 21, 2024 by Techme101

August was online publishing platform Medium’s first profitable month — ever. That’s according to Medium CEO Tony Stubblebine, who on Wednesday published a recap of Medium’s recent digital 2024 Medium Day conference. Stubblebine says that Medium had more than one million members as of April, and that more members “than ever before” are subscribing to […]
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