Articles from t.co

Articles from t.co

A US court ordered Nigerian businessman Dozy Mmobuosi, founder of NJ-based Tingo, to pay $250M+ in fines after SEC alleged he inflated Tingo's financial records (t.co)
2024-9-2 Nigeria

Tinder, Hinge, Bumble, and Grindr are building or testing AI tools and chatbots to generate icebreakers, coach users, and more, in a bid to bring back users (t.co)
2024-9-1 AI chatbot

Telegram's 2023 financials: $342.5M revenue, 40% of which came from crypto-related line items, and $108M operating loss; it had holdings of ~$400M in Toncoin (t.co)
2024-8-31

Sources: OpenAI is in discussions about changing its corporate structure to become more investor-friendly, including removing a cap on profits for investors (t.co)
2024-8-31

Sources: the EU is investigating if Telegram gave inaccurate user numbers to stay under the DSA's 45M threshold; Telegram reported 41M EU users in February 2024 (t.co)
2024-8-29

Nvidia shares fall ~7% after hours, after the company failed to top the highest expectations and reported gross margin of 75.1%, vs. 75.5% est. (t.co)
2024-8-29 Nvidia

How Telegram CEO Pavel Durov miscalculated on moderation, saying earlier in 2024 that he did not expect “significant challenges” despite new laws targeting tech (t.co)
2024-8-28

China's curbs on shipments of germanium and gallium, which are used to make chips, have led to an almost 2x increase in prices in Europe over the past year (t.co)
2024-8-27 China Europe

Ikea launches Ikea Preowned, an online marketplace for customers to sell secondhand furniture to each other, testing in Madrid and Oslo until the end of 2024 (t.co)
2024-8-26

Chicago-based G Squared raised $1.1B for a fund to buy secondary startup shares; G Squared bought ~$135M in Anthropic shares from FTX during its bankruptcy (t.co)
2024-8-26 Startup

Chinese tech giants splurge on AI infrastructure, doubling their 2024 capex; Alibaba, Tencent, and Baidu had a combined capex of ~$7B in H1 2024, up 50%+ YoY (t.co)
2024-8-26 China Alibaba AI Tencent

A look at Germany-based discount retailer Lidl's foray into offering cloud computing services, signing up clients like SAP and making €1.9B in 2023 annual sales (t.co)
2024-8-25 Germany

Japanese chipmaker Kioxia applies to list on the Tokyo Stock Exchange, likely to be Japan's biggest IPO in 2024; source: Kioxia seeks to raise at least $500M (t.co)
2024-8-23 Japan IPO Tokyo

Dealroom: AI coding assistant startups such as Anysphere and Augment have raised $433M so far in 2024 alone, bringing the total since January 2023 to $906M (t.co)
2024-8-23 Startup AI

Uber and Cruise sign a “multiyear strategic partnership” to make Cruise's self-driving vehicles available to riders on Uber from 2025 in an undisclosed city (t.co)
2024-8-23 Uber Autonomous Car

Mike Lynch experienced some of the most extreme career highs and lows of any British tech entrepreneur, selling Autonomy for $11B before a 12-year legal ordeal (t.co)
2024-8-22 U.K. Entrepreneur Career

Microsoft, Amazon, and others plan to use old power stations and industrial sites for data centers, as land and power in many markets are “heavily constrained” (t.co)
2024-8-22 Amazon Microsoft

Italian officials: UK tech entrepreneur Mike Lynch's body has been recovered from the wreckage of the superyacht Bayesian, which sank three days ago off Sicily (t.co)
2024-8-22 Italy Entrepreneur

Chinese government data: China is unleashing billions in lending to tech startups using intellectual property as collateral, up 57% YoY to ~$58.8B in H1 2024 (t.co)
2024-8-21 China Startup

Following rivals' criticism, CrowdStrike President says no vendor could “technically” guarantee their software won't cause an incident like the July outage (t.co)
2024-8-21

Ofcom says it has 460+ people working on enforcing the Online Safety Act and plans to grow that by 20% to 550+ by March 2025, or 33% of its 1,500 total staff (t.co)
2024-8-21

In Q2, Walmart said its ad business grew 30% in the past year; eMarketer says Walmart will claim 6.8% of 2024 US retail media spending, for $3.7B in ad revenue (t.co)
2024-8-19 Retail Walmart

Carta: 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds raised in the 2021-2022 boom run out (t.co)
2024-8-19 Startup

FOI docs: water consumption by data centers in Virginia, home to world's largest cluster of data centers, reached 1.85B+ gallons in 2023, up from 1.13B in 2019 (t.co)
2024-8-19 Virginia

Arize AI: 56% of Fortune 500 companies cited AI as a “risk factor” in their recent annual reports, up from 9% in 2022; 86% of software firms cited AI as a risk (t.co)
2024-8-19 AI

South Korea's plan to introduce tablets with AI features in schools faces backlash from parents and academics concerned about children's overexposure to devices (t.co)
2024-8-18 Korea AI

Revolut secures a $45B valuation, up from $33B during a 2021 fundraising, in a share sale by employees; the sale was led by Coatue and D1 Capital Partners (t.co)
2024-8-16

Danish officials say Margrethe Vestager, known for hitting Big Tech with multibillion-euro fines, is not being considered as EU antitrust chief for a third term (t.co)
2024-8-16

Analysis: Kamala Harris has spent $57M on Google and Meta ads since Biden dropped out on July 21, compared to Trump's $5.6M; Biden-Harris spent $139M in 2024 (t.co)
2024-8-15 Trump Google

Sources: SoftBank held talks with Intel about making an AI chip to compete with Nvidia but Intel couldn't meet demands; SoftBank is now in discussions with TSMC (t.co)
2024-8-15 Intel AI Nvidia

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