Tech Meme

Manish Singh / TechCrunch: Paytm’s stock fell 20% after the company announced plans to issue fewer personal loans under ~$600 to comply with the Reserve Bank of India’s tightening rules  —  Paytm dropped 20% on Thursday, before recovering slightly following the Indian financial services firm sharing plans … Lees verder op Tech Meme

Catherine Shu / TechCrunch: Sydney-based Leonardo.Ai, which lets users generate AI images for use in creative industries, raised $31M, and reports 7M users and generating 700M+ images  —  Sydney, Australia-based Leonardo.Ai is the one of the latest generative AI startups to raise funding. Lees verder op Tech Meme

Corey Quinn / Last Week in AWS: AWS’ re:Invent showed the unit lags behind rivals in generative AI, as half of the announcements are still in preview and were seemingly developed in a rush  —  AWS has been very publicly insecure about the perception that it’s lagging behind in the Generative AI space for the past year. Lees verder op Tech Meme

Reuters: Reuters temporarily removes its article titled “How an Indian startup hacked the world” to comply with an Indian court order, and plans to appeal the decision  —  Reuters has temporarily removed the article “How an Indian startup hacked the world” to comply with a preliminary court order issued … Lees verder op Tech Meme

Bloomberg: Officials attribute a DDoS attack against the HHS in March 2020 to a state-level actor; docs: the DDoS attack was largest the US government had ever experienced  —  Former officials at the US Department of Health and Human Services attribute the cyberattack to a state-level actor. Lees verder op Tech Meme

Washington Post: How tech giants like Google and Meta ramped up university donations over the years, giving them influence over research in AI, social media, and disinformation  —  As big technology companies like Google and Meta face increasing criticism from researchers, they are expanding their influence in academia Lees verder op Tech Meme

Erin Griffith / New York Times: PitchBook: approximately 3,200 private venture-backed US companies, which had raised a combined $27.2B in VC funding, have gone out of business in 2023  —  After staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire. Lees verder op Tech Meme

Manish Singh / TechCrunch: Shares of Paytm fell 20% after the company announced plans to issue fewer personal loans under ~$600 to comply with the Reserve Bank of India’s tightening norms  —  Paytm dropped 20% on Thursday, before recovering slightly following the Indian financial services firm sharing plans … Lees verder op Tech Meme

Emily Nicolle / Bloomberg: Robinhood launches a commission-free crypto trading app, supporting 25+ cryptocurrencies, in the EU, a week after the company launched stock trading in the UK  —  – More than 25 tokens available to trade for free at launch  — Launch comes as Bitcoin’s price recovers to 19-month high Lees verder op Tech Meme

Manish Singh / TechCrunch: Bengaluru-based Sarvam AI, which is building LLMs that support Indian languages, emerges from stealth with a $41M combined seed and Series A led by Lightspeed  —  Sarvam AI has come out of stealth mode and announced it has raised $41 million as the five-month old Indian startup races to build … Lees verder op Tech Meme