Starting a Business Is Impossible Without One Thing — and It’s Not Cash
The importance of social capital, especially for startups, is more than just a cliche.
Federal Judge Rules It’s Legal to Train AI on Copyrighted Books, Marking Major Win for AI Companies
This precedent-setting case is the first time a federal judge has sided with tech companies in an AI copyright lawsuit.
Others
Speedinvest closes fourth fund at $380 million to back early-stage startups in Europe
Vienna-based early-stage VC Speedinvest has closed its fourth early-stage fund, Speedinvest 4, at €350 million (around $380 million at today’s exchange rate), surpassing the initial goal of €300 million ($325 million). This follows the final €50 million close supported by several new institutional investors including, Aviva, PwC Germany, Bitburger, ODDO BHF, and Abeille Assurances Ventures. […]
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5,000 or Bust! is New Stock Market Slogan
The S&P 500 (SPY) is adding to the gains from 2023 early in the new year. However, not every group is participating. In fact, small and mid caps are in…
India’s central bank orders Paytm’s Payments Bank to stop accepting customer deposits
The Reserve Bank of India has directed Paytm’s Payments Bank to cease deposits, credit transactions and top-ups in customer accounts, prepaid instruments and wallets after February 29 in new strict penalties after the central bank found the firm to be in non-compliance with an earlier embargo. Wednesday’s move follows the Indian central bank ordering Paytm […]
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Crypto in Your Retirement Account: Cryptocurrency and Planning for Your Golden Years
In the ever-evolving landscape of financial planning, cryptocurrency represents a new frontier. The digital realm has begun to reshape investment landscapes, so it’s a good time to consider the potential…
Sundar Pichai says Google One cloud storage service has nearly 100M subscribers
Google CEO Sudar Pichai said that the company’s Google One cloud storage service is ” just about to cross” 100 million subscribers. Speaking during Alphabet’s Q4 2023 earning call, Pichai added that the company is looking to add more AI-powered features to the Google One service. The search giant first launched Google One in 2018. […]
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Accel eyes new India fashion e-commerce bet with Newme
Accel, an early investor in Indian e-commerce giants Flipkart and Myntra, is preparing a new fashion e-commerce bet in India even as competition intensifies with the recent expansion of Mukesh Ambani’s Ajio platform. Accel is in advanced talks to lead a $15-20 million funding round into Newme, an Indian fast-fashion e-commerce startup, according to four […]
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Wattpad, a storytelling platform, conducts another layoff round
Wattpad, a Toronto-based storytelling platform owned by Naver’s Webtoon Entertainment, conducted another round of layoffs earlier this month. Wattpad has cut less than 30 jobs, or roughly 15% of its workforce, a source familiar with the situation told TechCrunch. According to local media outlets, including The Korea Economic Daily, the cut impacted about 30 employees. A […]
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Elon Musk’s $56B Tesla pay deal is unfair, judge rules
A Delaware judge ruled Tuesday that Elon Musk’s $56 billion multi-billion pay package is unfair, voiding the largest in compensation deal in corporate history. The decision, issued Tuesday in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that Musk, the world’s richest person, can’t keep the 2018 compensation package. The ruling can be […]
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Ofcom report finds 1 in 5 harmful content search results were ‘one-click gateways’ to more toxicity
Move over, TikTok. Ofcom, the U.K. regulator enforcing the now official Online Safety Act, is gearing up to size up an even bigger target: search engines like Google and Bing and the role that they play in presenting self-injury, suicide and other harmful content at the click of a button, particularly to underage users. A […]
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