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‘Even stronger’ than imagined: DOJ’s sweeping Apple lawsuit draws expert praise

The VergeThe Verge · 1y ago
‘Even stronger’ than imagined: DOJ’s sweeping Apple lawsuit draws expert praise
Medial

The Department of Justice (DOJ) has filed a lawsuit against Apple, accusing the company of engaging in illegal monopolistic behavior. The complaint alleges that Apple's actions have created a pattern of behavior that harms consumers and makes it difficult to switch from their ecosystem. Experts believe that the DOJ has made a strong case for consumer harm, which was lacking in previous antitrust suits against tech giants. However, proving Apple's dominance and determining effective remedies may pose challenges for the government. The court will also need to consider Apple's arguments for legitimate business reasons behind their decisions. While a breakup of the company is unlikely, injunctive relief to stop the alleged harmful behavior may be sought as a remedy.

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Mental health and wellness startup GoodLives raises pre-seed round

EntrackrEntrackr · 7m ago
Mental health and wellness startup GoodLives raises pre-seed round
Medial

Mental health and wellness platform GoodLives has secured Rs 1.1 crore in a pre-seed funding round from IIM Lucknow, Rabindranath Tagore University (RNTU), and other investors such as Anupreet Singh, Deepak Motwani, Abhishek Hota, and Build3. The proceeds will be utilized to expand its reach and elevate offerings, improve the platform's features and functionality, broaden its activities, and enter new markets, GoodLives said in a press release. Co-founded in 2022 by Sakshi Shah and Lawrance Bamania, GoodLives is an AI-driven mental health and wellness platform that aims to make mental health support accessible, impactful, and personalized. The platform bridges the gap between professional therapy and everyday well-being through a unique blend of AI-powered DIY exercises and expert-led interventions. According to the Gurugram-based company, with the help of AI-powered do-it-yourself workouts and expert therapy, the platform offers individualized and effective holistic health solutions. It aims to focus on large and mid-sized corporations and aspires to enhance employee engagement and well-being through tailored programs. GoodLives says it has already raised awareness of mental health issues among more than 5 million people. Notably, the business has started a LinkedIn campaign to de-stigmatize discussions around mental health and claims to have received significant praise for its creative awareness-raising strategy.

Sam Altman and Elon Musk are beefing, but the two share plenty in common

Business InsiderBusiness Insider · 1y ago
Sam Altman and Elon Musk are beefing, but the two share plenty in common
Medial

This article discusses a dispute between Sam Altman, CEO of OpenAI, and Elon Musk, former co-chair of OpenAI. Altman's investments aim to prepare for the emergence of artificial general intelligence, while Musk filed a lawsuit against Altman and OpenAI, claiming a compromise to its nonprofit mission. The article highlights their contrasting public perceptions, with Altman being less polarizing than Musk. Other topics covered include: Goldman Sachs' AI strategy, upcoming interest rate cuts, China's canceled press conference, Nvidia potentially surpassing Apple in value, concerns about Microsoft's AI image creator, layoffs at Facebook Messenger, Apple's push into streaming, and Prologis' expansion into data centers.

Some Apple Vision Pro users are returning the headset because they don't know how to set it up, analyst says

Business InsiderBusiness Insider · 1y ago
Some Apple Vision Pro users are returning the headset because they don't know how to set it up, analyst says
Medial

According to analyst Ming-Chi Kuo, a significant percentage of Apple Vision Pro headset returns are due to users struggling to set up the mixed-reality device. The exact reasons for the difficulties are unclear, but the headset utilizes advanced technology and requires eye and hand tracking for navigation. Despite some initial challenges, Kuo estimates that the return rate for the Vision Pro is less than 1%. Other reasons for returns include concerns about the bulky design, underwhelming video quality, and the high price tag of $3,500. However, some devoted fans have embraced the headset, even going as far as wearing it to their wedding or while driving.

Zepto delays IPO plans to 2026: Report

EntrackrEntrackr · 1m ago
Zepto delays IPO plans to 2026: Report
Medial

Zepto delays IPO plans to 2026: Report Zepto, the quick commerce company, has reportedly postponed its plans to launch an initial public offering (IPO) to 2026. According to a report by Moneycontrol, this represents a change from the company’s earlier timeline, in which co-founder and CEO Aadit Palicha had indicated a listing in 2025. The report noted that the company is unlikely to go public this year, even if it files its draft red herring prospectus (DRHP) in the coming months. The IPO timeline has reportedly been extended multiple times, with internal discussions highlighting the need for stronger financial metrics before pursuing a public listing. Zepto is currently focused on reducing its cash burn and improving profitability before entering the public markets. Queries sent to Zepto did not elicit an immediate response. Due to rising operational costs, Zepto Cafe, the food service unit of Zepto, has temporarily closed in several smaller North Indian cities, including Agra, Chandigarh, Meerut, Mohali, and Amritsar. The company shut down approximately 44 cafes, affecting more than 400 employees. Media reports indicate that Zepto was spending between Rs 250 crore and Rs 300 crore per month toward the end of last year. Meanwhile, the Aadit Palicha-led company is finalising a Rs 1,500 crore (approximately $175 million) structured debt deal with Edelweiss Alternative Asset and other investors. The funds will be used to buy back shares from foreign investors, increasing Indian ownership ahead of the IPO.

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