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A new web3 network is being built right now that wants to end Big Tech’s control of your data

TechCrunch · 1y ago

A new web3 network is being built right now that wants to end Big Tech’s control of your data

A decentralized web network called web3 is being developed to challenge the control of Big Tech over user data. Many web3 advocates believe that the current web ecosystem, known as web2.0, is centralized and exploits user data for the benefit of a few companies. Edge and Node, a company supporting The Graph, a decentralized network organizing blockchain data, aims to create a censorship-resistant internet and empower users. Integrating AI with web3 is another goal, with the belief that data should not be controlled by a single entity, particularly in the AI space. The Graph plans to expand its data services, support developers, enhance network performance, and enable training of AI models in an open-source manner.

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Indian firms for ‘ONDC of App Store’ to break free from tech’s ‘walled garden’

Economic Times

Economic Times · 1y ago

Indian firms for ‘ONDC of App Store’ to break free from tech’s ‘walled garden’

Indian firms are calling for the creation of an open network store, similar to the Open Network for Digital Commerce (ONDC), to challenge the dominance of big tech companies in the app play stores. This initiative aims to promote fair competition and give developers more control over their apps. Industry executives believe that an ONDC-like app store would help overcome challenges such as Google's ad display for branded apps and the high commission charges through Google Billing Payment System. The introduction of policies to ensure a level playing field for developers is suggested.

I'll be shattered if another billion dollars comes to edtech: Screwvala

Inshorts · 1y ago

I'll be shattered if another billion dollars comes to edtech: Screwvala

Edtech startup upGrad's Co-founder Ronnie Screwvala said, "I will be very shattered if another billion dollars comes into this sector, it will spoil the sector all over again." He added, "Right now, solid companies are being built." Screwvala further said that the entire edtech sector will grow regardless of whether VCs come or not to fund the startups.

Sahamati plans interoperability for small aggregators for a level playing field

Economic Times

Economic Times · 8m ago

Sahamati plans interoperability for small aggregators for a level playing field

Sahamati is developing SahamatiNet and Router to enable interoperability in the NBFC-Account Aggregator (NBFC-AA) network, aiming to ease integration challenges and enhance scalability. These initiatives focus on eliminating the need for bilateral interconnections, crucial as smaller AAs struggle due to big banks' reluctance to partner. Despite being built, approval from the Reserve Bank of India is pending. The platforms promise open-banking benefits by facilitating data sharing between financial entities and fintechs.

OpenAI Wants to Control Your Computer

Gizmodo

Gizmodo · 1y ago

OpenAI Wants to Control Your Computer

OpenAI is developing an "agent software" that can take over your computer and perform complex tasks on your behalf. This software acts as a new type of operating system, allowing AI agents to work between multiple apps, performing clicks, cursor movements, and text typing. OpenAI aims to create a supersmart personal assistant, similar to Siri but more advanced. Other companies like Google and Meta are also reportedly working on agent software. This technology could revolutionize the way we interact with computers, but it will require users to relinquish some control to AI.

Google unveils end-to-end messages for Gmail. Only thing is: It’s not true E2EE.

Arstechnica

Arstechnica · 6m ago

Google unveils end-to-end messages for Gmail. Only thing is: It’s not true E2EE.

Google announced that end-to-end encryption (E2EE) is now available for Gmail for business users, simplifying compliance with security regulations. However, it isn’t true E2EE, as organizations control the encryption keys via a key access control list (KACL), allowing internal access to communication keys. Emails are encrypted and decrypted on user devices, not by Google's servers, but those managing the KACL have access, differing from traditional E2EE where only sender and recipient control keys.

This Week in Coins: Bitcoin and Solana Jump, Rest of Crypto Market Rises

Startup News FYI

Startup News FYI · 1y ago

This Week in Coins: Bitcoin and Solana Jump, Rest of Crypto Market Rises

Bitcoin and other major cryptocurrencies have seen gains over the past week. Bitcoin surged to over $47,000 per coin, up 11% over the week, thanks to increased investment from big investors and tech-focused investors eyeing the digital asset market. Ethereum also saw a significant jump of nearly 9%, now priced at $2,498. Solana experienced a network outage, causing its price to dip, but it rebounded with an 11% increase. However, Monero took a hit after being delisted by Binance, dropping nearly 28% over the week.

Social network app Currently raises $1 Mn led by Aarvi Family Office

Entrackr

Entrackr · 14d ago

Social network app Currently raises $1 Mn led by Aarvi Family Office

Social network app Currently raises $1 Mn led by Aarvi Family Office Currently is a real-time moment sharing app that helps people discover what others are doing right now, fostering genuine connections, conversations, and local interactions. Social network app Currently has raised $1 million in a funding round led by Aarvi Family Office LLP along with participation from LJ Knowledge Foundation, Dhruv Patel, Pratik Patel, Neerav Dad, Arpit Patel, Priyank Parmar, and other investors and family offices. The fresh funds will be used to introduce new real-time features, upgrade tech, expand engineering and design teams, and grow city-based communities and brand partnerships, Currently said in a press release. Launched in 2023 by Mitesh Shethwala, Currently is a real-time moment sharing app that helps people discover what others are doing right now, fostering genuine connections, conversations, and local interactions. It focuses on authenticity and spontaneity, redefining how people connect and share their lives. With features such as Live Map, Authentic Status Sharing, and Business Check Ins, the platform aims to evolve into India’s first real-time people network, a digital layer that reconnects people in the physical world and celebrates being present. "Social media was supposed to make us social in the real world — but today, it’s more about entertainment and ads. Currently brings back authenticity by showing what people are doing right now, not what algorithms decide. We are not replacing anything — we are rebuilding what social media was meant to be,” said Mitesh Shethwala, founder of Currently.

The govt wants you to fall in love with hatchbacks again

Economic Times

Economic Times · 1m ago

The govt wants you to fall in love with hatchbacks again

The GST Council has revised the automotive tax structure, setting a 40% rate for big cars and reducing levies on small cars and motorcycles up to 350cc to 18%. Electric vehicles remain at 5%. This change follows a decline in SUV sales, a previously dominant segment in India's market. The new tax regime aims to boost small car and two-wheeler sales, traditionally strong sectors now overshadowed by SUVs. Automakers are hopeful for a market revival.

Pharos Network, EVM-Compatible Layer 1 Blockchain Founded by Ex-AntChain Engineers, Launches Testnet After $8 Million Seed Funding | DeepNewz VC

deepnewz

deepnewz · 5m ago

Pharos Network, EVM-Compatible Layer 1 Blockchain Founded by Ex-AntChain Engineers, Launches Testnet After $8 Million Seed Funding | DeepNewz VC

Pharos Network, founded by former AntChain engineers, is an EVM-compatible Layer 1 blockchain. It employs a dual-chain architecture, merging a PBFT-based main chain with a PoW-secured proof chain, to enhance scalability, security, and decentralization. The network is now being tracked by DefiLlama.

Apple's stance on right to repair changes with new iPhone policy

TechCrunch · 1y ago

Apple's stance on right to repair changes with new iPhone policy

Apple has changed its position on right to repair and now supports the use of used parts for iPhone 15 repairs, including the camera, display, and battery. This move addresses the question of whether consumers should have the right to fix their devices and use third-party parts. It reflects a shift in the market towards more consumer choice and control over device repairs. Apple has also supported laws in some states that protect consumer repair options. This change in stance has been welcomed by many.

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