Technology

Turbo-charging productivity in Asia: the economic benefits of generative AI

July 5, 2023
When it comes to the ability to generate, arrange, and analyze content, generative AI is a gamechanger—one with transformative social and economic potential. As a technology that is democratized—one that doesn’t simply exist in a faraway lab or tech community in Silicon Valley, for instance—generative AI lowers the barriers to participation. In the age of…

EGYM, the Munich-based smart fitness startup, raises $225M from Jared Kushner’s Affinity Partners

July 5, 2023

The technology industry at large might not be in the best of health at the moment, but health and fitness startups appear to be alive and well. EGYM, the Munich-based “smart workout solution” business, has agreed a monster equity investment of €207 million ($225 million), on the back of a very strong year of growth, […]

EGYM, the Munich-based smart fitness startup, raises $225M from Jared Kushner’s Affinity Partners by Ingrid Lunden originally published on TechCrunch

New AI systems could speed up our ability to create weather forecasts 

July 5, 2023
As climate change makes weather more unpredictable and extreme, we need more reliable forecasts to help us prepare and prevent disasters. Today, meteorologists use massive computer simulations to make their forecasts. They take hours to complete, because scientists have to analyze weather variables such as temperature, precipitation, pressure, wind, humidity, and cloudiness one by one. …

Meta’s Threads app is a privacy nightmare that won’t launch in EU yet

July 5, 2023

Meta’s planned Twitter killer, Threads, isn’t yet publicly available but it already looks like a privacy nightmare. Information provided about the app’s privacy via mandatory disclosures required on iOS shows the app may collect highly sensitive information about users in order to profile their digital activity — including health and financial data, precise location, browsing […]

Meta’s Threads app is a privacy nightmare that won’t launch in EU yet by Natasha Lomas originally published on TechCrunch

CADDi raises $89M Series C to scale its B2B supply chain marketplace for manufacturing parts 

July 5, 2023

The pandemic has damaged the entire manufacturing supply chain, which is not likely to return to normal until at least 2024 due to a few challenges, including the ongoing U.S.-China tech battle. According to a recent survey by the Association of Equipment Manufacturers (AEM), which surveyed more than 150 equipment manufacturing firms and 179 equipment […]

CADDi raises $89M Series C to scale its B2B supply chain marketplace for manufacturing parts  by Kate Park originally published on TechCrunch

Adam Mosseri says Meta’s Threads app won’t have ActivityPub support at launch

July 5, 2023

Meta is set to launch its text-based Twitter rival Threads tomorrow. However, Meta briefly made the platform live on the web before pulling the links. During that time, users could already read posts from existing users on the web without an account (something that is currently not possible on Twitter anymore). Notably, Instagram head Adam […]

Adam Mosseri says Meta’s Threads app won’t have ActivityPub support at launch by Ivan Mehta originally published on TechCrunch

NYC’s anti-bias law for hiring algorithms goes into effect

July 5, 2023

After months of delays, New York City today began enforcing a law that requires employers using algorithms to recruit, hire or promote employees to submit those algorithms for an independent audit — and make the results public. The first of its kind in the country, the legislation — New York City Local Law 144 — […]

NYC’s anti-bias law for hiring algorithms goes into effect by Kyle Wiggers originally published on TechCrunch

Grab These 3 Tech Stocks for a Profitable July

July 5, 2023
After a challenging 2022, the technology sector has experienced a significant rebound in the first two quarters of 2023. Given the solid prospects of the industry, fundamentally strong tech stocks…