London-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake

Posted on October 1, 2024 by Techme101

British retail investing app Freetrade has entered into an agreement with Australian rival Stake to take on all of the company’s U.K. clients and their assets.

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Invesco raises its valuation of Swiggy to $13.3B

Posted on October 1, 2024 by Techme101

Invesco has raised the value of its stake in Swiggy, ascribing an implied valuation of about $13.3 billion to the Indian food delivery and quick-commerce startup.
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Robinhood launches crypto transfers in Europe as it pushes overseas expansion

Posted on October 1, 2024 by Techme101

Retail investing platform Robinhood is setting sights on an EU expansion as part of broader plans to increase its global foothold.

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Cybersecurity firm Proofpoint considers pre-IPO funding as it plots a return to public markets

Posted on October 1, 2024 by Techme101

It would mark the second time Proofpoint has gone public after the company was acquired in 2021 by private equity firm Thoma Bravo for $12.3 billion.

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Anduril speeds up launch of defense payloads by buying Apex satellite buses off the shelf

Posted on October 1, 2024 by Techme101

Anduril is expanding even further into the “ultimate high ground.”  The company, which is best known for AI-powered defense products that span air, land and sea, is partnering with satellite bus manufacturing startup Apex Space to rapidly deploy payloads on orbit for the U.S. Department of Defense.  It is a rare instance of the growing […]
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Tier becomes Dott following the merger of the two micromobility companies

Posted on October 1, 2024 by Techme101

With this merger, Dott and Tier didn’t want to build a conglomerate of micromobility services; the operation was all about scale.
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Meta won’t say whether it trains AI on smart glasses photos

Posted on October 1, 2024 by Techme101

Meta’s AI-powered Ray-Bans have a discreet camera on the front, for taking photos not just when you ask them to, but also when their AI features trigger it with certain keywords such as “look.” That means the smart glasses collect a ton of photos, both deliberately taken and otherwise. But the company won’t commit to […]
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Y Combinator is being criticized after it backed an AI startup that admits it basically cloned another AI startup

Posted on October 1, 2024 by Techme101

A Y Combinator startup named PearAI launched with a tweet thread and YouTube video on Saturday and caused an immediate backlash.
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11x.ai, a developer of AI sales reps, has raised $50M Series B led by A16Z, sources say

Posted on October 1, 2024 by Techme101

11x.ai, a startup that develops AI-powered sales development bots, has secured roughly $50 million in Series B funding, TechCrunch has learned. The new round was led by Andreessen Horowitz, valuing the company at around $350 million, multiple sources told TechCrunch. The recent deal follows the company’s $24 million Series A, which was led by Benchmark […]
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Splunk Urges Australian Organisations to Secure LLMs

Posted on September 30, 2024 by Techme101

Prompt injection and data leakage are among the top threats posed by LLMs, but they can be mitigated using existing security logging technologies.

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