As QuickCommerce takes off, Eternal CEO Definder Goyal hands over the reins to the head of Brinkit
Deepinder Goyal, co-founder and CEO of food delivery service Zomato and its parent company Eternal, is stepping down and handing over the top job to Arvinder Dhindsa, CEO of Zomato’s quick commerce arm Brinkit. Goyal said Wednesday he will remain on Eternal’s board as vice chairman to shift focus to “higher-risk exploration and experimentation,” which […]
Zanskar believes 1 TW of geothermal power generation is being ignored
There is so much energy stored in the ground beneath our feet that experts at the Department of Energy (DOE) believe geothermal power could generate 60 gigawatts, or nearly 10% of the nation’s electricity, by 2050. Karl Hoyland, co-founder and CEO of Zanskar, believes this high figure is too low, mainly because it discounts the […]
Language learning marketplace Preply’s unicorn status embodies Ukraine’s resilience
Language learning marketplace Preply has raised $150 million in a Series D round and is now valued at $1.2 billion. This is a new chapter for the 14-year-old company, whose previous backers include Horizon Capital, Hoxton Ventures, Owl Ventures, and Techstars Berlin. Preply has been connecting language learners and tutors since 2013 and has now […]
Snap reaches settlement in social media addiction lawsuit
Days before a scheduled trial, social media company Snap has settled a lawsuit accusing the platform of creating social media addiction, according to multiple media reports. The settlement was announced Tuesday in California Superior Court in Los Angeles County, according to the New York Times. The lawsuit against Snap was filed by a 19-year-old boy, […]
Borna wins $6.3 million from General Catalyst for India-focused voice orchestration platform
Industry reports and the growth of voice modeling companies in the Indian market suggest that there is a growing demand for voice AI solutions in the country. Voice is a popular medium for communication between people and businesses in India. Therefore, enterprises and startups are keen to use voice AI to increase efficiency in customer […]
Anthropic CEO shocks Davos with criticism of NVIDIA
Last week, the US government lifted its previous ban and formally approved the sale of Nvidia’s H200 chips, along with AMD’s chip line, to approved Chinese customers. Perhaps they aren’t the brightest, most cutting-edge chips from these chipmakers, but their exports are controversial because they are high-performance processors used for AI. And at the World […]
Elon Musk says Tesla’s restarted Dojo3 is for ‘space-based AI computing’
Elon Musk said over the long weekend that Tesla aims to resume work on the electric car company’s previously abandoned third-generation AI chip, Dojo3. Only this time, Dojo3 is not intended to train self-driving models on Earth. Instead, Musk said it would specialize in “space-based AI computing.” The move comes five months after Tesla effectively […]
Luminar founder Austin Russell agrees to accept subpoena in bankruptcy case
Luminar founder and former CEO Austin Russell has agreed to accept an electronic subpoena seeking his cell phone information related to the lidar maker as part of the lidar maker’s ongoing bankruptcy proceedings, according to a new filing Tuesday. Russell currently has seven days to file a motion to revoke or challenge the subpoena, or […]
Why Serve Robotics is acquiring a hospital assistive robot company
Nvidia and Uber-backed sidewalk delivery robot company Serve Robotics is expanding into a new category: healthcare with its latest acquisition. Los Angeles-based Saab Robotics announced Tuesday that it will acquire Diligent Robotics, a startup that develops a robot named Moxi that is designed to assist hospitals by providing lab samples, supplies and other tasks. The […]
Trump administration admits DOGE may have misused Americans’ Social Security data
Two members of Elon Musk’s Department of Government Efficiency may have accessed and shared Social Security numbers last year to help an advocacy group “overturn election results in certain states,” according to court documents. The revelations, first reported by Politico, come as part of a series of corrections to previous testimony by Social Security Administration […]