In Paris, JD Vance skewers EU AI rules, lauds US tech supremacy

At the AI Action Summit in Paris this week, the U.S. declined to sign the statement summarizing the resolutions. But it did make an appearance: Vice President JD Vance gave a speech to the audience of dignitaries, tech leaders, and regulators. Amid a conference heavy on equitable AI development —

Google backs Toonsutra to grow its webtoons platform in India

It’s no news that India is a huge market for entertainment businesses, but what often doesn’t get mentioned is that its people love to see content in their own languages. According to a recent survey by nonprofit Internet and Mobile Association of India, more than 870 million Indians so

AI investments surged 62% to $110B in 2024 while startup funding overall declined 12%

Venture capitalists are gobbling up term sheets for startups peddling artificial intelligence, but they’re remaining picky when it comes to funding the wider spectrum of technology.  According to new figures from analytics firm Dealroom, AI startups raised $110 billion last year, 62% mo

Ghanaian fintech Affinity bags $8M to scale digital banking in a mobile money-driven market

Africa's top digital banking platforms typically come from high-growth, populous markets like Nigeria, South Africa, and Egypt. But Affinity Africa, an upstart from Ghana, wants to join the conversation. The startup has raised $8 million in seed funding to expand its financial products further

Instagram is introducing teen accounts with new safety features in India

Instagram said Tuesday that the platform is introducing its teen accounts feature, which has extra protective measures for the safety of users in India, one of its biggest markets, with over 350 million users. The company introduced Teen Accounts last year in the U.S., U.K, Canada, and Australia.

QED leads $11M investment in Nigerian fintech Raenest

As Africa's tech ecosystem booms, more people from the region are landing remote jobs with Big Tech firms and global startups. But getting paid remains a challenge for many of these freelancers and remote workers — they struggle to open accounts that accept U.S. dollars and face slow invoicin

Two senior partners are leaving Peak XV amid strategy shift

Two senior partners are leaving Peak XV, one of the world’s largest venture capital firms, four sources familiar with the matter told technewss.  Shailesh Lakhani, a 17-year veteran of the firm, and Abheek Anand, who co-led Southeast Asian investments, are departing, said the sources,

Google changed the Gulf of Mexico to the Gulf of America on Maps

Google Maps officially updated the name of the Gulf of Mexico to the Gulf of America on Monday. Among many other executive orders, President Donald Trump decreed on the day of his inauguration that the Gulf of Mexico would be renamed the Gulf of America. This executive order also reverses an Obama

Zeta valued at $2B in new funding

Zeta, a provider of banking software to banks and fintech startups, has raised $50 million from a strategic investor at a $2 billion valuation. The new investment from American healthcare company Optum marks a 70% increase in the Bengaluru-based startup’s valuation from the $1.15 billion pri

Apple and Google take down malicious mobile apps from their app stores

Apple and Google have pulled as many as 20 apps from their respective app stores after security researchers found the apps were carrying data-stealing malware for almost a year. Security researchers at Kaspersky said the malware, dubbed SparkCat, has been active since March 2024. Initially, the re

These are the investors funding Musk’s $97 billion OpenAI takeover attempt

As if Elon Musk doesn’t have enough going on, a consortium of investors led by him announced plans Monday for what appears to be a hostile takeover of OpenAI. The investor group offered nearly $97.4 billion to buy all of OpenAI’s assets and is “prepared to consider matching or e

Is AI making us dumb?

Researchers from Microsoft and Carnegie Mellon University recently published a study looking at how using generative AI at work affects critical thinking skills. “Used improperly, technologies can and do result in the deterioration of cognitive faculties that ought to be preserved,” th

Carta settles two more lawsuits that alleged sexual harassment and discrimination

Cap table management firm Carta made headlines in 2020 when its former marketing VP Emily Kramer filed a lawsuit alleging gender discrimination and retaliation.  That case was settled in 2023. But since then, Carta has settled two other lawsuits filed by women who worked at the firm and alleg

Apple Music adds a better-sounding Spatial Audio version of Kendrick Lamar’s Super Bowl halftime show

If you want to relive Kendrick Lamar’s headline-making Super Bowl halftime show, Apple Music just dropped a replay of the performance in its surround sound-like Spatial Audio. Because Apple currently sponsors the Super Bowl halftime show, the company has permission to republish these musical