Nvidia falls deeper into correction territory as Broadcom rally continues

Posted on December 17, 2024 by Techme101

Despite Nvidia’s recent fall, its stock is still up more than 160% for the year. Broadcom has risen more than 120% in the same time frame.

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EU to investigate TikTok’s response to election security risks in Romania

Posted on December 17, 2024 by Techme101

TikTok is now subject to not one but two open Digital Services Act (DSA) investigations after the European Union announced on Tuesday that it has opened a formal proceeding focused on election risks — and specifically risks in the context of recent elections in Romania. The probe will focus on TikTok’s recommender systems — principally “risks […]
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While some account-to-account payments players falter, Volume raises fresh cash

Posted on December 17, 2024 by Techme101

Online merchants can usually pay up to 8% of every sale on an item to companies like PayPal, Apple Pay, and Stripe — and those costs are usually passed to consumers. So-called ‘account-to-account’ or ‘A2A’ payments can cut transaction fees to below 1%, saving merchants and consumers quite a bit of cash. The difficulty has been […]
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UK kicks off review into training AI models on copyrighted content

Posted on December 17, 2024 by Techme101

The U.K. government said Tuesday it’s consulting on measures to regulate the use of copyrighted content by tech companies to train their AI models.

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Kakao Mobility hit with $10.5M antitrust fine for limiting rivals’ access

Posted on December 17, 2024 by Techme101

South Korea’s antitrust watchdog has fined Kakao Mobility, the ride-hailing unit of Korean tech firm Kakao, $10.5 million (KRW 15.1 billion) for limiting competitors’ access to its taxi app — lowering the penalty from an initial fine of $50.3 million (KRW 72.4 billion) as the earlier sanction was based on an overestimated calculation of the […]
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Agave, the startup behind Find the Cat, finds $18M

Posted on December 17, 2024 by Techme101

A startup out of Turkey that has built a hit casual mobile game where you have to find cats in Where’s Wally-style drawings of increasing complexity has found something else: $18 million in funding. Agave Games, the creator of Find the Cat, will be using the Series A to build out the team and to […]
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Alphabet-backed Indian lender files for $171M IPO

Posted on December 17, 2024 by Techme101

Aye Finance, a lender targeting small- and medium-sized businesses in India, is seeking to raise $171 million from its initial public offering, it disclosed in a filing Tuesday. The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors. Proceeds from the IPO will be used to expand […]
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PDD’s Temu app tops U.S. iOS downloads for second year running amid greater scrutiny of China companies

Posted on December 17, 2024 by Techme101

Apple ranked Temu as the top free app on its U.S. iOS store for the second year running even as Chinese companies face greater U.S. government scrutiny

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Nubank leads $250M round in African digital bank Tyme at $1.5B valuation

Posted on December 17, 2024 by Techme101

Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Nu Holdings (which owns NuBank), Latin America’s most valuable fintech, which invested $150 million for a 10% stake. M&G Catalyst Fund […]
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Hexa, the startup studio behind Aircall and Swan, unveils its next batch of startups

Posted on December 17, 2024 by Techme101

Hexa, a Paris-based startup studio that has launched dozens of B2B software companies, is sharing a list of its next batch of projects that are soon going to become independent startups. Hexa originally started its life in 2011 as eFounders, a startup studio focused on B2B software-as-a-service products. Hexa usually comes up with the ideas […]
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