August 2023

Jumia expects losses not to exceed $100M this year, per Q3 financials

August 15, 2023
In the first quarter of 2023, we reported that Jumia recorded its lowest losses in four years. Its adjusted EBITDA and operating losses dropped to $27 million and $30.9 million. Those numbers represented a 55% and 57% decrease year-over-year, on track to meet the company’s end-of-year target of $100-120 million in adjusted losses. Jumia’s recently […]

Intuitive Machines sets November launch date for lunar lander mission

August 15, 2023
Lunar technology company Intuitive Machines may well be the first private American company to land a spacecraft on the moon. The company said Monday that it was targeting a six-day slot starting on November 15 to launch its IM-1 lunar lander mission on a SpaceX Falcon 9 rocket. Intuitive Machines is one of a trio […]

Configu raises a $3M pre-seed round for its configuration-as-code platform

August 15, 2023
Nobody loves managing configuration files for their applications and as systems get ever more complex and distributed, errors — and the potential security issues that come with that — can easily multiply. Infrastructure-as-code has gone mainstream over the course of the last few years and now, Tel Aviv-based open-source startup Configu wants to bring configuration-as-code […]

OpenAI proposes a new way to use GPT-4 for content moderation

August 15, 2023
OpenAI claims that it’s developed a way to use GPT-4, its flagship generative AI model, for content moderation — lightening the burden on human teams. Detailed in a post published to the official OpenAI blog, the technique relies on prompting GPT-4 with a policy that guides the model in making moderation judgements and creating a […]

Worldcoin ignored initial order to stop iris scans in Kenya, records show

August 15, 2023
Months before Kenya finally banned iris scans by Sam Altman’s crypto startup Worldcoin, the Office of the Data Protection Commissioner (ODPC) had ordered its parent company, Tools for Humanity, to stop collecting personal data. The ODPC had in May this year instructed the crypto startup to stop iris scans and the collection of facial recognition […]