Zepto eyes $100M from Indian offices in third funding in 6 months

Posted on October 17, 2024 by Techme101

Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick commerce startup looks to rope in more domestic investors, sources familiar with the talks told TechCrunch. The Mumbai-headquartered startup, which delivers grocery items and office stationery to customers’ doorsteps […]
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TSMC third-quarter profit beats expectations as AI boom drives 54% hike

Posted on October 17, 2024 by Techme101

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

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A tough new EU cyber law is off to a messy start, with many countries failing to adopt the rules

Posted on October 17, 2024 by Techme101

New European Union rules requiring businesses to bolster their cyber defenses are already off to a messy start.

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Social media faces big changes under new Ofcom rules

Posted on October 17, 2024 by Techme101

Ofcom warns social media companies could face fines if they don’t comply with the new Online Safety Bill

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Accel eyes stake in India’s Truemeds at $330 million valuation

Posted on October 17, 2024 by Techme101

According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently centered on a proposed valuation […]
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US ‘click to cancel’ rule to ban subscription traps

Posted on October 17, 2024 by Techme101

New rule requires businesses to make subscribing and cancelling subscriptions equally simple.

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Meta’s AI chief says world models are key to ‘human-level AI’ — but it might be 10 years out

Posted on October 17, 2024 by Techme101

Are today’s AI models truly remembering, thinking, planning, and reasoning, just like a human brain would? Some AI labs would have you believe they are, but according to Meta’s chief AI scientist Yann LeCun, the answer is no. He thinks we could get there in a decade or so, however, by pursuing a new method […]
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Meta lays off employees across multiple teams

Posted on October 17, 2024 by Techme101

Multiple teams at Meta were hit by layoffs on Wednesday, the company confirmed in a statement to TechCrunch, noting these changes were made to reallocate resources within the company. The layoffs appear to have hit employees working on Threads, recruiting, legal operations, and design, among other teams, according to social media posts announcing the layoffs […]
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ODD taps $27M for diamond chips to clear radioactive debris at Fukushima Daiichi Nuclear Power Plant

Posted on October 17, 2024 by Techme101

Back in 2011, the world held its breath after the Fukushima Daiichi nuclear plant in Japan suffered a failure of its cooling systems, in the wake of the country getting hit by a 9.0 magnitude earthquake and tsunami. The worry was not unfounded: the resulting meltdown — which spread highly radioactive material in multiple directions […]
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How does WhatsApp make money? It’s free – with some tricks

Posted on October 17, 2024 by Techme101

We all use messaging apps such as Whatsapp for free, but what’s in it for them?

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