Instagram introduced its generative AI-powered background editing tool to U.S.-based users Wednesday. Meta’s lead for generative AI Ahmad Al-Dahle posted on Threads saying that the tool will let users change the background to their images through prompts for Stories. When users will tap on the background editor icon on an image they will get ready […]
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Qogita – a two-sided ecommerce wholesale marketplace aimed at retailers largely in the health and beauty sectors – has raised €80 million ($86 million) in a Series B round led by London’s Dawn Capital and Accel. The company plans to use the cash to expand into more categories. Also participating were previous investors Bessemer Venture Partners […]
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The investment arm of the UK retail bank M&G has led a funding of $340 million into Udaan, a business-to-business e-commerce startup, in one of the largest financing rounds secured by an Indian startup in 2023. The Bengaluru-headquartered startup, which helps merchants in smaller Indian cities and towns secure inventories from major brands as well […]
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Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. The company said its food delivery business is not aligned with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast. As a result, Jumia will cease […]
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Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital. Other investors include Palm Drive Capital, angel investor Jonathan Shipman, founder of EVP and Twitch founding member, and executives from delivery platform Wolt. In 2021, co-founder and CEO Diana […]
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Elon Musk’s X, the social media platform formerly known as Twitter, is facing a new privacy complaint in Europe related to its ad targeting tools. The complaint, which is being lodged with the Dutch data protection authority by privacy rights not-for-profit noyb, accuses X of failing to enforce its own its advertising guidelines. While X’s T&Cs […]
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LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its web3 platform. The new funding comes nearly a year after LineNext released its browser-only beta service — consumer-to-consumer(C2C) marketplace launched on its […]
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Berlin-based climate startup ecoworks is using digital technologies, AI and industrial robots to tackle a huge and critical problem: Energy inefficient buildings. Around three-quarters of buildings in Europe are deemed energy inefficient, per the startup, while around half of the 315 million residential units in the region have energy performance ratings of E or worse. […]
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Twitch announced sweeping updates to its sexual content policy and content classification system, which now allows previously prohibited content like illustrated nipples and “erotic dances,” in addition to clarifying what nudity is and isn’t allowed on the platform. The update follows the widespread “topless meta” backlash, after streamer and OnlyFans model Morgpie went viral for […]
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