Hindustan Unilever to acquire Peak XV-backed Minimalist for over $340M
Hindustan Unilever has agreed to acquire beauty startup Minimalist for about $342 million, as the consumer goods giant seeks to expand in India’s fast-growing premium skincare market.
Hindustan Unilever will initially acquire a 90.5% stake in the direct-to-consumer brand through secondary bu
UK appoints ex-Amazon executive Doug Gurr as interim chair of antitrust body
The U.K.’s Competition and Markets Authority (CMA) has a new interim chairman: former Amazon executive Doug Gurr (pictured above).
The announcement comes as the U.K. seeks to position itself as a pro-growth, pro-tech nation by cutting red tape and bureaucracy, with artificial intelligence (A
Vertice bags $50M for its AI-powered SaaS spend platform
Vertice has made a name for itself over the years in the crowded world of expenditure management by focusing on applying AI to optimize an area where businesses are sinking hundreds of billions of dollars annually: software and cloud spend.
The London-based startup’s business has grown 13x
Truecaller brings real-time caller ID to iPhone users
Popular caller ID app Truecaller has long left iPhone users at a disadvantage by not offering the caller information in real time — a feature its Android users have enjoyed for a while. Today that changes as the company is rolling out an update that brings real-time caller ID support to its iOS s
Former Meta COO Sheryl Sandberg sanctioned by judge for allegedly deleting emails
A Delaware judge has sanctioned Sheryl Sandberg, Meta’s former COO and board member, for allegedly deleting emails related to the Cambridge Analytica privacy scandal.
The decision arises from a case Meta shareholders brought against Sandberg and another former Meta board member, Jeff Zients,
Microsoft is no longer OpenAI’s exclusive cloud provider
Microsoft was once the exclusive provider of data center infrastructure for OpenAI to train and run its AI models. No longer.
Coinciding with the announcement of Stargate, OpenAI’s massive new AI infrastructure deal with SoftBank, Oracle, and others, Microsoft says it has signed a new agree
OpenAI teams up with SoftBank and Oracle on $500B data center project
OpenAI says that it will team up with Japanese conglomerate SoftBank and with Oracle, among others, to build multiple data centers for AI in the U.S.
The joint venture, called the Stargate Project, will begin with a large data center project in Texas and eventually expand to other states. The
Amperesand targets data centers as the next big customer for its solid-state transformers
With data centers expected to consume as much as 12% of electricity in the U.S. by 2028, it's no surprise that tech companies are looking for power no matter the source, whether it be nuclear, renewables, or something else entirely. But solar produces a very different type of electric current f
Startup founders flooded inauguration parties hopeful for dealmaking
On Monday, while tech billionaires like Elon Musk and Mark Zuckerberg sat onstage for President Donald Trump's inauguration, dozens of founders were at parties all across Washington, D.C., trying to get an audience with the new president's inner circle.
To hear them tell it, it wasn&
Perplexity launches Sonar, an API for AI search
Perplexity on Tuesday launched an API service called Sonar, allowing enterprises and developers to build the startup’s generative AI search tools into their own applications.
“While most generative AI features today have answers informed only by training data, this limits their capabil
Trump targets EV charging funding programs Tesla benefits from
President Donald Trump is trying to halt the flow of funding for EV charging infrastructure from two programs that have benefited Tesla — the latest example of how Elon Musk’s political interests seem to be at odds with his car company’s goal of advancing sustainable energy.
It’
Govtech giant Conduent won’t rule out cyberattack as outage drags on
An ongoing “service interruption” at government contractor giant Conduent sparked outages across several U.S. states, leaving residents without access to some benefits and support payments.
A person familiar with the incident told technewss the outage was caused by a cyberattack. Cond
Spotify’s educational courses could be coming to US
Spotify is expanding its streaming service to now include educational courses in addition to music, podcasts, and audiobooks. The company on Tuesday referenced one of its newer features called courses, which allow users to learn about topics in areas like business, tech, lifestyle, music, and more.
Trump moves to sink offshore wind
One of Donald Trump’s first acts as president was issuing an executive order that could kill the nascent offshore wind industry in the United States.
Trump’s order, signed Monday, halted federal leases for offshore wind development on the outer continental shelf — a location far enou