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Zomato on Tuesday said its board has approved a plan to raise $1 billion via a sale of shares to institutional investors, as competition in India’s quick-commerce sector heats up. The timing of the share sale, the company’s first major fundraise since its 2021 IPO, is notable, because

Even though India isn’t at the forefront of the global AI innovation battle, demand for AI in the country is growing as businesses seek efficiencies and tech companies promote AI developments as a cure-all. The South Asian nation is projected to have an AI market touching $17 billion by 2027,

Meta is expanding tests of facial recognition as an anti-scam measure to combat celebrity scam ads and more broadly, the Facebook owner announced Monday. Monika Bickert, Meta’s VP of content policy, wrote in a blog post that some of the tests aim to bolster its existing anti-scam measures,

Amnon Shashua, the founder and CEO of Mobileye, has an eye for complicated problems that he believes can be solved with AI, and that AI itself can be fixed to become more reliable. On the sidelines of building and running his self-driving car technology company — which he took public, then sold t

Los Angeles is known for glitz, but there’s also a lot of grit in the air — literally. Thousands of containers are moved off and on ships at the area’s two major ports every day, almost always transferred via pollution-spewing diesel trucks. This has made Los Angeles a hotbed for

While fund sizes of many venture capital firms have ballooned into billions of dollars over the last decade, Benchmark Partners, one of Silicon Valley’s most successful investors, has stuck to raising approximately $425 million in capital every few years.  That’s what the storied

As competition from newcomers like Bluesky and Threads increases, X launched a “Radar” trend analysis tool that aims to offer subscribers real-time insights into emerging trends and conversations on the platform. The tool, previously known as Insights, was initially targeted at Verifie

News Corp’s Dow Jones and the NY Post have sued growing AI startup Perplexity over what they describe as a “content kleptocracy.” In a lawsuit filed in New York on Monday, the media organization claimed that Perplexity engages in copyright violations on a “grand scale,R

Shortly after the social marketplace Poshmark announced it would lower selling fees and increase fees for buyers, the company decided to revert to its original fee structure following outrage among sellers.  In an email to sellers sent on Monday (and viewed by technewss), founder and CEO Manish

In August, Elon Musk’s xAI promised to make Grok, the company’s flagship generative AI model powering a number of features on X, available via an API. Now, that API has arrived — albeit a bit bare-bones at the moment. The xAI API only has a single model, “grok-beta,” pric

On TikTok, Daze's most popular video has been viewed 8 million times. Across TikTok and Instagram, the startup behind a new messaging app aimed at Gen Z has seen around 48 million combined views. Prelaunch, the app's waitlist is already bursting with roughly 156,000 sign-ups. Driving the d

With the current unemployment crisis in Hollywood, many TV and film crew members are concerned about finding their next job. This is particularly the case for freelancers, who often face unstable work and irregular pay. ShoBizzy is the latest professional networking app for the entertainment indus

Ireland’s media and internet watchdog, Coimisiún na Meán, has adopted and published an Online Safety Code that will apply to video-sharing platforms headquartered in the country from next month (November 19) — including the likes of ByteDance’s TikTok, Google-owned YouTube, and

Small business creation has been on the rise in the U.S. since the pandemic. There are a lot of tech tools designed to help these companies with things like payroll or setting up retirement benefits — but more tools doesn’t mean small businesses know how to use them to make smart decisions