startups

Google’s Search Dominance Leaves Sites Little Choice on AI Scraping
15 Aug

Google’s Search Dominance Leaves Sites Little Choice on AI Scraping

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The convenient artificial intelligence answers Google now puts at the top of its search results come at steep cost to websites that users would otherwise visit. But many site owners say they can’t afford to block Google’s AI from summarizing their content.That’s because the Google tool that sifts through web content to come up with its AI answers is the same one that keeps track of web pages for search results, according to publishers. Blocking Alphabet Inc.’s Google the way sites have blocked some of its AI competitors would also hamper a site’s ability to be discovered online. Source link…
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Grab Revenue Misses Estimates in Sign Turnaround Still Fragile
15 Aug

Grab Revenue Misses Estimates in Sign Turnaround Still Fragile

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Grab Holdings Ltd. shares slumped after the ride-hailing company reported quarterly revenue growth that trailed estimates, highlighting intense competition in the Southeast Asian market.The stock slid 10% in pre-market trading in New York after the company said revenue rose 17% to $664 million in the three months through June, missing the $676.9 million analysts predicted on average. Adjusted earnings before interest, taxes, depreciation and amortization were $64 million, roughly in line with estimates. Source link lol
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Brain Tech Breakthrough Restores ALS Patient’s Ability to Speak
14 Aug

Brain Tech Breakthrough Restores ALS Patient’s Ability to Speak

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Last August, Casey Harrell spoke the first clear words his five-year-old daughter could remember hearing him say, a repeat of his wedding vows to her mother, Levana Saxon. The adults in the room cried. The moment was possible thanks to a wave of innovation in one of the most challenging areas of medicine: reconnecting the brain to the body once something – an accident or an illness – has severed the ties. While Elon Musk’s Neuralink Corp. gets most of the attention and investor money in the space, academic labs and rival startups are notching significant advances in repairing that…
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Byju’s at Risk of Insolvency Again as Top Court Halts Settlement
14 Aug

Byju’s at Risk of Insolvency Again as Top Court Halts Settlement

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Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Troubled education-technology startup Byju’s is back facing a potential insolvency after India’s top court ordered a stay on a ruling that allowed it to avert bankruptcy. Source link lol
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Online Brokerage Popular With Young Koreans to Set Up Shop in US
14 Aug

Online Brokerage Popular With Young Koreans to Set Up Shop in US

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Toss Securities Co., one of South Korea’s leading platforms for trading US stocks, is setting up a New York subsidiary this year as more Korean retail investors pour money into US equities.The brokerage arm under Korean fintech leader Viva Republica Co. is seeking to outrun larger incumbents in US stock trades. Toss Securities was first in the country to adopt real-time fractional trading for US equities in 2022, and that practice, which allows investors to buy a sliver of a $116 Nvidia Corp. share, has won over young retail investors. Source link lol
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Startup Founder Pleads Guilty to Indecent Assault of Young Woman
14 Aug

Startup Founder Pleads Guilty to Indecent Assault of Young Woman

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One-time startup leader Brian Wong pleaded guilty to criminal charges that he assaulted a young woman woman during the 2016 South by Southwest festival in Austin, Texas.With a jury trial looming in September, state prosecutors reduced the offense to indecent assault from attempted sexual assault, making it a misdemeanor instead of a felony charge, and Wong changed his plea from guilty to not guilty, according to records in Austin district court. His lawyer, Sam Bassett, didn’t respond to requests for comment. Source link lol
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AI-Focused VC Radical Ventures Nears $800 Million Fundraise
13 Aug

AI-Focused VC Radical Ventures Nears $800 Million Fundraise

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Radical Ventures, a Canadian venture capital firm that made early bets on a string of hot artificial intelligence startups, has secured nearly $800 million in commitments for a new fund, according to people familiar with the plans.The firm is currently nearing the close of the new fund, which will boost its assets under management to about $1.8 billion, said the people, who asked not to be identified discussing private information. Source link lol
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