Apple and Amazon face UK class action damages suit over price collusion claim

July 26, 2023
Apple and Amazon are facing a class-action style damages lawsuit in the UK alleging they abused their market power by colluding to increase the price of Apple products. The suit, which has been filed in front of the Competition Appeals Tribunal today, is seeking compensation of at least £500 million (~$645M) on behalf of millions of […]

These moisture-sucking materials could transform air conditioning

July 26, 2023
A surprising set of materials could soon help make more efficient air conditioners that don’t overtax the electrical grid on hot days. As extreme heat continues to shatter records around the globe, electricity demand for air conditioning is expected to triple in the next few decades—an increase of about 4,000 terawatt-hours between 2016 and 2050,…

Dial-up a therapist like an Uber? Wangie aims at Gen-Zs and the time-poor

July 26, 2023
It would be fair to say there’s no global solution for instant 24/7 access to mental health support. Yes, there are a few ‘marketplaces’ where you can schedule a call with a therapist in advance. Online solutions now include Better Help, Talk Space, and TeenCounselling. Then there are platforms connected with public healthcare such as […]

India’s food delivery giant Swiggy launches credit card

July 26, 2023
Swiggy has become the latest Indian startup to offer its customers a credit card as the food delivery giant broadens its efforts to drive engagement and retention. The Bengaluru-headquartered startup is co-launching the credit card with HDFC Bank, India’s largest private bank. The credit card will offer customers a 10% cashback on spends on Swiggy […]

Twitter changes its official handle to @X

July 26, 2023
As part of the ongoing rebranding, Twitter has changed its official handle to @X. Other official handles related to the company have either let go of the “Twitter” moniker or replaced it with X. TechCrunch previously reported that the social network hadn’t reached out to the original owner of the @X handle — Gene X Hwang of […]

Google says 2 billion logged in monthly users are watching YouTube Shorts

July 26, 2023
Google said today that more than 2 billion logged-in monthly users are watching YouTube Shorts, giving it an edge over competitors like TikTok and Instagram Reels. This number is up from 1.5 billion monthly logged-in users for YouTube Shorts announced last year. During its Q2 2023 results, Google also said that YouTube brought in $7.67 […]

AI leaders warn Senate of twin risks: moving too slow and moving too fast

July 25, 2023
Leaders from the AI research world appeared before the Senate Judiciary Committee to discuss and answer questions about the nascent technology. Their broadly unanimous opinions generally fell into two categories: we need to act soon, but with a light touch — risking AI abuse if we don’t move forward, or a hamstrung industry if we […]

The Year The Index Achieved 13 Days of Positive Returns

July 25, 2023
All Right, Life Goal Nation! Investment markets have been thriving, showcasing an exceptional performance with the Dow Jones Index experiencing an impressive streak of consecutive positive returns. In this article,…