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Manish Singh / TechCrunch: Byju’s says the $200M rights issue that cuts its valuation by 99% to $20M-$25M is fully subscribed; source: some of Byju’s major investors are yet to take part  —  Byju’s says its recently launched $200 million rights issue has been fully-subscribed, but the startup’s founder urged … Source link

An investigation into possible foreign exchange violations at Paytm Payments bank by India’s financial crime fighting agency has not yet found any breaches, a government source directly aware of the matter said on Monday. Last week, India’s Enforcement Directorate announced the investigation into overseas transactions by Paytm Payments Bank, a unit of One 97 Communications,

Eleanor Olcott / Financial Times: Sources: Saudi Arabia is mandating that Alibaba, SenseTime, and other Chinese tech companies invest in the kingdom and share expertise to secure huge deals  —  Alibaba and SenseTime secure huge joint ventures in Gulf Kingdom but agreements come with stringent requirements Source link

A group of 20 tech companies announced on Friday they have agreed to work together to prevent deceptive artificial-intelligence content from interfering with elections across the globe this year. The rapid growth of generative artificial intelligence (AI), which can create text, images and video in seconds in response to prompts, has heightened fears that the

Steven Levy / Wired: An interview with Bret Taylor and Clay Bavor, co-founders of conversational AI startup Sierra, on using several AI models at once, building AI agents, and more  —  Sierra hopes every company will use its empathetic AI chatbots for customer interactions.  —  I might have inadvertently … Source link

India’s Paytm Payments Bank has been given more time by the central bank to wind down its operations, while its parent company has signed on a new banking partner to try to keep some of its popular products running and survive its current crisis. The Reserve Bank of India (RBI) in January ordered Paytm Payments

Jessica Traynor / The Guardian: A look at the data center economy of Ireland, which had 82 data centers in 2023, amid concerns about rolling blackouts due to pressure on the electrical grid  —  Datacentres are part of Ireland’s vision of itself as a tech hub.  There are now more than 80, using vast amounts

India’s banking regulator doesn’t intend to impose drastic measures on the country’s fintech sector, a senior official said, weeks after it stunned investors by abruptly suspending much of the operations of Paytm Payments Bank, founded by high-flying billionaire Vijay Shekhar Sharma. There are “no harsher measures coming on fintech,” P. Vasudevan, an executive director in

Alex Heath / The Verge: Q&A with Figma CEO Dylan Field on managing the company after the failed sale to Adobe, maintaining culture, using the $1B breakup fee, expansion plans, and more  —  Figma has a billion dollars and big plans for expansion as it emerges from the acquisition with its ‘foot on the gas.’ 

Google and Meta made notable artificial intelligence (AI) announcements on Thursday, unveiling new models with significant advancements. The search giant unveiled Gemini 1.5, an updated AI model that comes with long-context understanding across different modalities. Meanwhile, Meta announced the release of its Video Joint Embedding Predictive Architecture (V-JEPA) model, a non-generative teaching method for advanced