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News on Medial
SBF sentenced, Worldcoin hit with another ban order and big web3 pre-seed rounds are back
TechCrunch
·
1y ago
Medial
Sam Bankman-Fried, former FTX CEO, has been sentenced after being found guilty of money laundering and fraud charges. In other news, Borderless Capital has acquired CFT Capital, Worldcoin is facing another ban in Europe, and several web3 startups have secured significant funding rounds. Bitcoin and Ether saw price increases this week, with the total crypto market cap also rising. The latest episode of the Chain Reaction podcast features an interview with Scott Dykstra, co-founder of Space and Time, discussing blockchain and AI integrations. Additionally, various other articles on TechCrunch caught attention this week.
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Related News
MENA Digest: UAE startups lead fundraising activity this week
VCCircle
·
11m ago
Medial
This week, UAE-based startups took the lead in fundraising activity in the Middle East and North Africa region. Verofax, a Web3 services provider, secured bridge funding, while Powder Beauty, an e-commerce platform, and Hulexo, a software provider, raised pre-Series A and seed rounds respectively. Another UAE-based startup, Myco, a Web3 streaming platform, also received funding.
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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
Medial
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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Trump delays TikTok ban once again
Economic Times
·
1m ago
Medial
President Trump has signed an executive order extending TikTok's operation in the U.S. for another 90 days to negotiate American ownership. This marks the third extension amid negotiations hampered by various political and economic factors. While the order has faced scrutiny, it has not yet been legally challenged. Public opinion on banning TikTok is divided, with data security concerns cited by supporters of a ban. Meanwhile, TikTok remains operational for its 170 million U.S. users.
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Nvidia bets $25 billion that AI boom is far from over
Economic Times
·
1y ago
Medial
The company's sales forecast on Wednesday blew past Wall Street's expectations and it said it would buy back another $25 billion of its shares, a move most companies make when their leadership thinks the company is undervalued. Nvidia's stock price, though, has more than tripled this year and was set to hit an all-time high after Wednesday's results.
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Delhivery shares slide 4% to touch fresh all-time low
Inshorts
·
5m ago
Medial
Shares of logistics giant Delhivery slumped as much as 4.4% to hit an all-time low of ₹244.40 during the intraday trading session on the BSE today. Two days back, the company said in a filing that it had received an order from the West Bengal Goods and Services Tax department, asking it to pay ₹5.35 Cr tax amount.
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Joe Biden or Donald Trump can still rescue TikTok; here's how
Economic Times
·
6m ago
Medial
The 2020 ban on TikTok by Trump could be reversed by Biden using a law that allows a 90-day extension for TikTok's sale, contingent on progress towards divestment. Trump could alternatively redirect his Justice Department to deprioritize enforcement or issue an executive order claiming national security benefits to retain TikTok. Another option is a Supreme Court stay on the government lawsuit, providing time for new legal arguments and avoiding legal complications.
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Apple unveils a souped-up and more expensive version of its lowest priced iPhone
Economic Times
·
5m ago
Medial
Apple has unveiled the iPhone 16e, a more expensive version of its lowest-priced model, aimed at integrating AI technology. Priced at $600, it features enhancements like a more powerful chip, battery, and camera, supporting new AI capabilities and facial recognition. Despite a 40% price increase from the last iPhone SE, the 16e remains cheaper than standard models. The phone is available for pre-order now and will hit stores on February 28.
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EU's Vestager triumphs in crackdown on Apple's tax deal, Google's practices
Economic Times
·
11m ago
Medial
The European Union's antitrust chief, Margrethe Vestager, secured victories in two landmark cases against Apple and Google. These wins back her crackdown on Apple's Irish tax deal and Google's anti-competitive practices. The rulings could empower her successor to pursue similar actions against Big Tech. The court upheld the European Commission's decision to order Apple to pay 13 billion euros in back taxes to Ireland. Apple expressed disappointment with the ruling. The court also rejected Google's appeal against a 2.42 billion euro fine for using its price comparison shopping service to gain an unfair advantage. These rulings cannot be appealed.
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Zerodha demat account holders hit with another technical glitch
Economic Times
·
1y ago
Medial
Zerodha, a stock broking firm in India, has been hit by another technical glitch on its trading platform, Kite. Traders reported that the pages displaying their order book and positions were blank, preventing them from exiting positions and resulting in losses. This comes after a previous issue with incorrect pricing and circuit limits. The increasing reliance on technology in the securities market has led to more instances of glitches and disruptions in trading services. The National Stock Exchange has introduced a platform for traders to settle their trades in case of disruptions.
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Accio Robotics secures raises funding to fuel its warehouse automation offerings
Inc42
·
1y ago
Medial
Bengaluru-based warehouse robotics startup Accio Robotics has raised $1.8 million in a Pre-Series A funding round co-led by BIG Capital, Unisync Angels, and Daniel Fitzgerald. The company offers warehouse automation solutions and has developed a robotics system for order picking in warehouses. Accio plans to use the funding to enhance its technology and product team, expand internationally, and deploy more robots. The startup is set to officially launch and showcase its products globally next month.
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