August 2023

Enterprise spending on cybersecurity has changed, and vendors must adapt

August 14, 2023
Sara Behar Contributor Sara Behar is a content manager at YL Ventures, where she promotes the firm’s cybersecurity expertise and provides value-add support to the firm’s portfolio companies with content creation and strategic initiatives. Even in the usually exciting world of cybersecurity, discussions on enterprise security budgets tend to veer toward the mundane. However, today’s […]

Mastercard to purchase a minority stake in MTN’s $5.2B fintech business

August 14, 2023
Mastercard has agreed to purchase a minority stake in the fintech division of MTN Group, Africa’s largest cellphone provider, which it values at $5.2 billion. The signing of the formal investment agreements will likely occur very soon as both parties near the end of the regular due diligence process; the investment will be closed subject […]

Iraq lifts ban on Telegram after messaging app complies with authorities

August 14, 2023
Iraq’s telecom ministry lifted the ban on Telegram over the weekend, days after the agency blocked the chat app over security concerns. The ministry said it lifted the ban because of the “response of the company that owns the application to the requirements of the security authorities,” which required Telegram to reveal sources leaking data […]

What happened to the microfinance company Kiva?

August 14, 2023
One morning in August 2021, as she had nearly every morning for about a decade, Janice Smith opened her computer and went to Kiva.org, the website of the San Francisco–based nonprofit that helps everyday people make microloans to borrowers around the world. Smith, who lives in Elk River, Minnesota, scrolled through profiles of bakers in…

India’s local manufacturing initiative spurs 2 billion mobile unit shipments

August 14, 2023
India’s ambitious push for self-sufficiency in mobile phone assembling is yielding results. India shipped 2 billion domestically assembled smartphones and feature phones between 2014 to 2022 as part of its Make in India initiative, according to a new research, as the world’s second largest handset market pushes to become self-reliant with its growing manufacturing infrastructure. […]

AI startup Anthropic raises $100M from Korean telco giant SK Telecom

August 14, 2023
Anthropic, an artificial intelligence startup co-founded by former OpenAI leaders, will receive $100 million in funding from one of the biggest mobile carriers in South Korea, SK Telecom (SKT), the telco company announced on Sunday.   The funding news comes three months after Anthropic raised $450 million in its Series C funding round led by Spark Capital in […]

India, the world’s largest smartwatch market, is getting new smart rings

August 14, 2023
The world’s largest smartwatch market is about to get two new smart rings. While wrist-worn wearables are still wildly popular in India, a pair of domestic manufacturers are banking on consumers who are meticulous about health and sleep tracking but are less interested in the form factor. BoAt and Noise are entering the smart ring […]