Meta is challenging a fee levied by the European Union on larger online platforms under its rebooted ecommerce rules. While a number of tech giants have taken issue with their designations under the law, this is the first suit that’s focused on the supervisory fee. The news of Meta’s legal challenge was first reported yesterday […]
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California’s auto regulator, the Department of Motor Vehicles (DMV), is investigating an incident that occurred on Tuesday, where a driverless Waymo car collided with a cyclist, according to a report by Reuters. San Francisco cops said that the cyclist suffered non-fatal injuries, as per a report by SFGate. Waymo, which is owned by Google’s parent company […]
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Last year, Amini, a Kenya-based climate tech startup using data from satellites to offer insights on crop health and track farming progress, announced pre-seed and seed rounds six months apart. Not only did the startup manage to raise rounds in quick succession, which was commonplace a few years back but now rare even for early-stage […]
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A fledgling startup founded by one of OpenAI’s first engineering hires is looking to “redefine manufacturing,” with AI-powered factories for creating bespoke precision parts. Daedalus, as the company is called, is based in the southwestern German city of Karlsruhe, where its solo factory is currently housed. Here, Daedalus takes orders from industries such as medical […]
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India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first comment after a clampdown on Paytm last week has posed existential questions about the future of the leading financial services firm. Shaktikanta Das, the Reserve Bank of India governor, said the central bank always […]
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To reduce financial scams, Google has started a new program to prevent users from sideloading certain apps in Singapore. The company is looking to block sideloaded apps that abuse Android permissions to read one-time passwords received through SMS and notifications. Google said there are four sets of permissions that bad actors exploit to commit financial […]
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Smart water bottle-maker Larq this week announced that it has been acquired by filtration giant, Brita. More specifically, Brita GmbH, the German company founded in 1966, which spun off and sold its North/South American wing to Clorox in 1988. Brita GmbH maintains the brand in the rest of the world, but it currently is barred […]
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Just like clockwork, Pennylane is raising another €40 million ($43 million at today’s exchange rate). This new funding round comes after the accounting startup raised €4 million in 2020, €15 million in 2021, another €15 million in 2021 again, €50 million in 2022 and €30 million in 2023. You might think that it’s quite a […]
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