2023 Investing Lessons Learned: Mid-Year Edition

July 19, 2023
43 year investment veteran Steve Reitmeister admits to some investing missteps in 2023 by not acknowledging the new bull market for the S&P 500 (SPY) at an earlier stage. Full…

India tax officials search edtech UpGrad offices

July 19, 2023
Officials from India’s GST tax department are searching the offices of UpGrad, an edtech unicorn that counts Temasek, James Murdoch’s Lupa Systems and World Bank’s International Finance Corporation among its backers, the startup said Wednesday. “It’s a routine survey and we are fully compliant and cooperating with the department,” UpGrad said. The startup, founded by […]

Unity’s Apple Vision Pro game development tool opens in beta

July 19, 2023
Unity this morning announced that it has opened the beta version of its development platform for visionOS. PolySpatial, which was announced in conjunction with Vision Pro headset at WWDC, is designed to help developers port and create a 3D experience for Apple’s “spatial computing” platform. The platform is designed to remove as much friction as […]

FedML raises $11.5 to combine MLOps tools with a decentralized AI compute network

July 19, 2023
Interest in AI among the enterprise continues to rise, with one recent survey finding that nearly two-thirds of companies plan to increase or maintain their spending on AI and machine learning into this year. But often, these companies are encountering blockers in deploying various forms of AI into production. A 2020 poll from Rexer Analytics […]

Google is experimenting with AI-generated background on Meet

July 19, 2023
Google is experimenting with a generative AI feature to create new backgrounds for Google Meet calls. This new test lets people type in a prompt to generate a background for the call. The feature, which was first posted by Artem Russakovsii on Twitter, is part of Google Workspace Labs. That means only a few people […]

UK provisionally approves Broadcom’s $69B VMware acquisition

July 19, 2023
The U.K.’s competition authority has said that it plans to greenlight Broadcom’s $69 billion bid for virtualization software giant VMware. The news comes exactly a week after the European Commission (EC) approved the deal, which pretty much leaves the U.S. as the last remaining hurdle for Broadcom, with the Federal Trade Commission (FTC) currently investigating the […]

Spotting Chinese state media social accounts continues to be a challenge

July 19, 2023
This story first appeared in China Report, MIT Technology Review’s newsletter about technology developments in China. Sign up to receive it in your inbox every Tuesday. It’s no secret that Chinese state-owned media are active on Western social platforms, but sometimes they take a covert approach and distance themselves from China, perhaps to reach more unsuspecting audiences. …

Nigeria’s MyCover.ai to scale its open insurance API platform with new funding

July 19, 2023
Africa’s insurance market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2022 and 2028, reaching $120 billion. Though seemingly impressive, the insurance industry in Africa could be worth more if insurance penetration on the continent wasn’t extremely low, less than 3%, according to reports. As a result, traditional insurers […]