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Venture capitalists are gobbling up term sheets for startups peddling artificial intelligence, but they’re remaining picky when it comes to funding the wider spectrum of technology.  According to new figures from analytics firm Dealroom, AI startups raised $110 billion last year, 62% more than the year before. At the same time, privately-backed companies (startups and […]
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Africa’s top digital banking platforms typically come from high-growth, populous markets like Nigeria, South Africa, and Egypt. But Affinity Africa, an upstart from Ghana, wants to join the conversation. The startup has raised $8 million in seed funding to expand its financial products further across the country, where mobile money is the dominant financial tool. […]
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Instagram said Tuesday that the platform is introducing its teen accounts feature, which has extra protective measures for safety for users in India, one of its biggest markets with over 350 million users. The company introduced Teen Accounts last year in The U.S., U.K, Canada, and Australia. Meta migrated accounts of Instagram users who are […]
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The European Union is courting the private sector as it looks to step up compute capacity for training large AI models. Giving a speech at the AI Action Summit in Paris on Monday, the EU’s president, Ursula von der Leyen, talked up the potential of homegrown AI startups but said the region’s developers must have […]
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As Africa’s tech ecosystem booms, more people from the region are landing remote jobs with big tech firms and global startups. But getting paid remains a challenge for many of these freelancers and remote workers — they struggle to open accounts that accept U.S. dollars, face slow invoicing and payment processes, and it doesn’t help […]
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Two senior partners are leaving Peak XV, the largest India-focused venture capital firm, four sources familiar with the matter told TechCrunch.  Shailesh Lakhani, a 17-year veteran of the firm, and Abheek Anand, who co-led Southeast Asian investments, are departing, said the sources, who asked not to be identified discussing private matters. The exits follow Peak […]
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Google Maps officially updated the name of the Gulf of Mexico to the Gulf of America on Monday. Among many other executive orders, President Donald Trump decreed on the day of his inauguration that the Gulf of Mexico would be renamed the Gulf of America. This executive order also reverses an Obama-era move to rename […]
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Zeta, a provider of banking software to banks and fintech startups, has raised $50 million from a strategic investor at a $2 billion valuation. The new investment from American healthcare company Optum marks a 70% increase in the Bengaluru-based startup’s valuation from the $1.15 billion price tag (pre-money) it earned in 2021, when it raised […]
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Apple and Google have pulled as many as 20 apps from their respective apps for carrying a data-stealing malware.
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