Apple says Patreon must switch to its billing system or risk removal from App Store

Apple has threatened to remove creator platform Patreon from the App Store if creators use unsupported third-party billing options or disable transactions on iOS, instead of using Apple’s own in-app purchasing system for Patreon’s subscriptions. In a blog post and email to Patreon creat

Meta, Universal Music Group address AI music in new licensing agreement

Meta and Universal Music Group (UMG) announced on Monday the expansion of their multi-year music licensing agreement, which enables users to share songs from UMG’s music library across Meta's platforms (Facebook, Instagram, Horizon, Threads and WhatsApp) without violating copyright.  Wh

China's autonomous vehicle startup WeRide seeks US IPO at $5B valuation

WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. The company is seeking a valuation as high as $5.02 billion in its initial public offering. WeRide expects to raise about $96 m

Prediction marketplace Polymarket partners with Perplexity to show news summaries

Prediction marketplace Polymarket, which lets users bet on real-world events, is partnering with AI-powered search engine Perplexity to display news summaries of events. When users click on an event on Polymarket, they will now see a summary of news related to the event based on search results fro

Synopsys' plans to buy Ansys for $35B falls on UK regulatory radar

The U.K. antitrust regulator has confirmed that it’s carrying out an early-stage inquiry into Synopsys‘ plans to buy Ansys. The Competition and Markets Authority (CMA) has opened an “invitation to comment,” meaning any stakeholders or interested parties can file their objec

The best hacks and security research from Black Hat and Def Con 2024

Thousands of hackers, researchers and security professionals descended on the Black Hat and Def Con security conferences in Las Vegas this week, an annual pilgrimage aimed at sharing the latest research, hacks and knowledge across the security community. And technewss was on the ground to report o

Conduit’s cross-border payments expand from LatAm into Africa with $6M round

Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually.  A report by Airwallex forecasts that the value of cross-border payments w

Bharti will become BT’s biggest shareholder after buying a 25%, $4B stake from Altice

BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly shifting technology and communications market. Bharti, the Indian tech and telecoms giant that owns Airtel, said it would purchase a 24.5%

Elon Musk’s X targeted with nine privacy complaints after grabbing EU users’ data for training Grok

X, the social media platform owned by Elon Musk, has been targeted with a series of privacy complaints after it helped itself to the data of users in the European Union for training AI models without asking people’s consent. Late last month an eagle-eyed social media user spotted a setting i

India’s Kazam powers up to roll out EV charging in Southeast Asia

EV charging station startup Kazam plans to expand beyond India, where it already holds a significant share of the market, and into Southeast Asia to gain an early mover’s advantage, technewss has exclusively learned. The Bengaluru-headquartered startup, which has offices in Delhi and Pune a

Why Scott Painter is selling a beach house to start a new vehicle software company

Serial entrepreneur Scott Painter's plan to build an all-electric vehicle subscription company called Autonomy has not worked out. So he's pivoting once again to what he calls the “hardest build” of his career. While Autonomy will continue operating the small 1,000-car fleet it assembl

How CNH's ‘black belt’ M&A head makes deals

Heavy equipment manufacturer CNH Industrial has a long history of mergers and acquisitions, at times supervising legendary brands like Ferrari. But five years ago, as agtech was booming, the global giant was struggling to tap into the startup scene.  The conglomerate turned to one of its long

Open source tools to boost your productivity

For every yin, there’s a yang; for every action, a reaction; and for every piece of proprietary software, there’s an open source alternative. Or something like that. The issue of “openness” in technology has rarely been so front and center in the public consciousness as it

Oyo valuation crashes over 75% in new funding

The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round, multiple sources told technewss. The Gurugram-headquartered startup, which operates a chain of budget hotels, has raised $173.5 million in a Series G funding.