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Day: October 18, 2024
Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to a group of journalists, Raveendran said the company’s […]
X updates its privacy policy to allow third parties to train AI models with its data
X is updating its privacy policy with new language that allows it to provide users’ data to third-party “collaborators” in order to train AI models. The new policy, which takes effect November 15, 2024, would seem to open the door to Reddit-like arrangements in which […]
Stripe in talks to acquire Bridge for $1 billion
Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, cofounded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps […]
General Catalyst reportedly to back Saudi Arabian startup
Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in a Saudi Arabia-based fintech startup, Lean Technology, the firm’s first investment in the Middle Eastern nation, the Information reported. […]
Former watch trader is now building the AWS of grid storage, Terralyr
The startup’s technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers. © 2024 TechCrunch. All rights reserved. For personal use only.
Subnautica 2 hits early access in 2025 with four-player co-op
The sequel to the hugely successful Subnautica is creeping ever closer into the light, and we got our first proper look at it during Xbox’s partner showcase event on Thursday. The Subnautica 2 reveal trailer opens by cutting between a zonked-out diver in the depths with […]
Amazon indicates employees can quit if they don’t like its return-to-office mandate
AWS CEO Matt Garman has harsh words for remote workers: return to the office or quit. The Amazon executive recently told employees who don’t like the new five-day in-person work policy that, “there are other companies around,” presumably companies they can work for remotely, Reuters […]
Bloober Team’s next horror game is Cronos: The New Dawn
Bloober Team unveiled what it’s been working on at today’s Xbox Partner Showcase event. The studio showed off a cinematic trailer for Cronos: The New Dawn, which is a brand-new IP. The developer describes the game as “a twisted time travel story set in an […]
Unity mounts a comeback with launch of Unity 6 game engine
Unity has released the latest version of its engine for developing games and interactive experiences. Unity 6 has new workflows for creating online multiplayer games and more tools for projects intended for mobile platforms, including mobile web support for Android and iOS browsers. The engine […]