The Download: China’s digital currency ambitions, and US AI rules

August 4, 2023
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. What’s next for China’s digital currency? China’s digital yuan was seemingly born out of a desire to centralize a tech giant-dominated payment system. According to its central bank, the digital currency, also known…

EdgeIn hopes to be a faster, community-driven, ‘CrunchBase for Web3’

August 4, 2023
As we saw with the collapse of FTX, the Web3 space leaves a lot to be desired in terms of transparent information about companies, fundings, management and a slew of other data that really is commonplace and ‘de rigueur’ in the ‘normal’ tech industry. And there are far too many so-called ‘Web3 analyst’ houses that […]

Coming soon to TikTok in Europe: A ‘For You’ feed without the TikTok algorithm

August 4, 2023
Get ready for a version of TikTok you’ve never seen before! Without the hyper-sticky, AI-driven ‘For You’ feed… The video sharing platform has announced that TikTok users in the European Union will “soon” be able to switch off its infamously engaging content-selection algorithm as it prepares to comply with the bloc’s updated digital rulebook. The EU’s […]

Discord cuts 4% staff as part of company reorganization

August 4, 2023
Chat app Discord has let go of nearly 40 employees (4% of its workforce) as part of company’s restructuring efforts, according to multiple reports. Several Discord former employees posted on Twitter and LinkedIn that they were impacted by the layoffs. The job cuts have affected people in marketing, design, and entertainment partnership teams. The company […]

Fisker reveals all-electric Alaska pickup, 3 other EV prototypes

August 4, 2023
Fisker, the automotive startup-turned publicly traded company founded by famed automotive designer Henrik Fisker, revealed Thursday night a dizzying array of EV prototypes from a beefy pickup truck with an expandable bed, and grand tourer sports car with up to 600 miles of range to a souped-up, off-road version of its Ocean SUV and the […]

GoStudent adds another $95M to its war-chest to go after VR and AI-enhanced tutoring

August 3, 2023
GoStudent — the late-stage tutor marketplace that has raised $686.3 million so far – has now raised another $95 million in what it calls as strategic fundraise from Deutsche Bank, and other investors including Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue and Softbank Vision Fund 2. The raise was described as a mix […]

AI.com flips from ChatGPT to Elon Musk’s X.ai

August 3, 2023
There was a bit of a hubbub in February as it emerged that OpenAI had seemingly purchased AI.com in order to redirect it to the ChatGPT web interface. But now erstwhile backer, Twitter haver, and X lover Elon Musk appears to have taken the valuable domain off their hands, or else someone has done it […]