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Zomato has raised $1 billion through a so-called qualified institutional placement, completing its first major fundraise since its 2021 IPO. The $30 billion food delivery and quick-commerce giant, which leads both those categories, issued approximately 336.5 million shares at ₹252.62 each ($3), according to a stock exchange filing on Friday. The placement, which opened on […]
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Thanksgiving weekend has long been seen as the traditional start to the most important sales period for retailers, and so far, the indication is that we’re in for a strong holiday season for e-commerce. Salesforce is tracking activity in real time and has just put out its first figures for the day. It says that […]
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Photonics — a field that underpins light-based systems for manipulating data — has a bright future, as the rise of AI demands better computing performance, but it has yet to be fully applied to a new generation of chips. German startup Akhetonics hopes to change that. It’s raised a €6 million seed funding round (approximately […]
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When the Paris Court of Appeal recently blocked four porn sites in France for not having a proper age verification system, the two online child protection nonprofits that had pushed for the blocks probably thought they’d scored a big victory. But, in one case, it turned out to be a bit of a self-own. As […]
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If you’ve used ChatGPT Search or Perplexity you know that being able to search the web and get citations inline greatly improves these AI chatbots. Results are better when they involve timely information, and web search may reduce so-called hallucinations (i.e. when a generative AI outputs incorrect information). That’s why French startup Linkup is building […]
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In a step likely to be tracked around the world, Australia has approved legislation that will ban the use of social media for children under 16. The bill was only introduced about a week ago but had backing from the main conservative opposition party as well as the centre-left government over concerns the tech services […]
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Security researchers say North Korean hackers have infiltrated hundreds of organizations with the goal of taking money and stealing data to further the regime’s nuclear weapons program.
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