Elon Musk’s xAI initiates $1Bn fundraise drive
Elon Musk’s startup, xAI, has officially initiated a funding drive, seeking to raise a staggering $1 billion through an equity offering. The details emerged from...
Ola Electric slashes current FY sales,production targets to less than half, ahead of potential IPO
Ola Electric, Ola founder Bhavish Agrawal’s ambitious $1.5Bn-backed electric vehicles venture, is slashing its sales targets as reducing government incentives make EVs expensive again. As...
BNPL fintech upstart Zestmoney, last valued at $450Mn, shuts down
In a pivotal turn of events, ZestMoney, a notable player in the Indian “buy now, pay later” (BNPL) sector, has declared its decision to shutter...
Meta announces end to Facebook-Instagram cross-app chats
Users will soon be unable to have conversations with their Facebook friends on Instagram. According to updated support pages, Meta has decided to put an...
Rockstar Games ends decade-long wait, drops the first GTA VI trailer, set for 2025 launch
GTA Tribe, behold! Your decade-long wait for a new GTA title is coming to an end. Rockstar Games, now a subsidiary of Take-Two Interactive, officially...
Spanish media consortium files €550mn lawsuit against Facebook-parent Meta
A consortium comprising more than 80 prominent media outlets in Spain has filed a significant lawsuit against Meta Platforms, the parent behind Facebook, Instagram, Whatsapp...
Spotify to reduce headcount by 17% in latest layoffs
Spotify, the global music streaming behemoth, has announced a substantial reduction in its workforce – 17%, which targets around 1,500 employees. This decision comes as...
Apple addresses zero-day threats with security updates to iOS, iPadOS, and macOS
In the face of ever-evolving cyber threats, user vigilance remains paramount, and Apple has been pretty much at the forefront. In a rapid response to...
Pakistan launches $10Mn sovereign VC fund to bring back lost startup funding
Pakistan is embarking on an ambitious sovereign venture capital fund launch, aimed at attracting global investors back into country’s startup ecosystem. Umar Saif, Pakistan’s interim...
Google unveils Android winter updates: New emoji sticker combos, enhanced messaging, and more
Google has unveiled a comprehensive set of updates across its Android ecosystem. The Winter 2023 updates cover a spectrum of devices, including Android smartphones, tablets,...