TechCrunch Minute: Elon Musk’s big plans for xAI include raising $6 billion
TechCrunch recently broke the news that Elon Musk’s xAI is raising $6 billion at a pre-money valuation of $18 billion. The deal hasn’t closed yet, so the numbers could change. But it sounds like Musk is making an ambitious pitch to investors about his 10-month-old startup — a rival to
Read moreNew Era of Banking: MCB Bank & Leatherback Partnership
Leatherback has partnered with MCB Bank Leatherback has partnered with MCB Bank to enhance business and lifestyle opportunities in Pakistan and the broader South Asia region. This collaboration aims to facilitate easier Pakistani Rupee (PKR) payouts and remittances for Leatherback users, leveraging the extensive network and services of MCB Bank,
Read moreThe UK beefs up smart home security by going after bad default passwords
Illustration by Carlo Cadenas / The Verge The UK is doing away with bad default passwords. With updates to the country’s Product Security and Telecommunications Infrastructure Act (PSTI) that came into force today, regulators say that tech gadgets that can connect to the internet or a local wired network must
Read moreChris’ Corner: Design the Job
Y’all use Figma for design work? I’d be willing to bet a lot of you do at your organization. I’m still wrapping my brain around the fact that Adobe has to write a billion dollar check to not acquire it. It’s no wonder why they wanted it — there is
Read moreFuture of Finance: Why Sponsor Digital Finance Africa 2024?
In the dynamic realm of financial technology (fintech), the Digital Finance Africa 2024 event, hosted by IT News Africa, emerges as a beacon for innovation, growth, and collaboration. Scheduled for July 4th in Sandton, this conference represents not merely an event, but a strategic opportunity for fintech companies to propel
Read moreBackflip raises $15 million to help real estate investors flip houses
Flipping houses is not for the faint of heart, no matter how fun or easy HGTV might make it seem. One startup wants to make the process less complicated by offering a different way to borrow money to fund such a purchase. Founded in late 2020, Backflip offers a service
Read moreMusk’s xAI shows there’s more money on the sidelines for AI startups
We’re off to an AI-heavy start to the week. OpenAI has a new deal with the Financial Times that caught our eye. Sure, it’s another content licensing deal, but there appears to be a bit more in the tie-up than just content flowing one way and money the other. We
Read moreSupreme Court rejects Elon Musk’s efforts to get rid of his ‘Twitter sitter’
Illustration by Laura Normand / The Verge Elon Musk’s efforts to nullify a settlement with the Securities and Exchange Commission that requires him to get a lawyer’s preapproval for some posts related to Tesla has been rejected by the US Supreme Court. Musk has been required to receive approval from
Read moreHow is eZaga Reshaping South Africa’s Fintech Growth?
Financial Literacy Month in April serves as a reminder of the importance of understanding finances and cultivating wise money management habits. With Africa’s financial sector poised for a 10% annual growth, projected to exceed R4 trillion in revenue by 2025, fintech innovations are playing a pivotal role in driving this
Read moreTwitter co-founder Biz Stone joins board of Mastodon’s new U.S. non-profit
Biz Stone, a Twitter co-founder, is among those who have joined the board of directors of Mastodon’s new U.S. non-profit, Mastodon CEO Eugen Rochko announced over the weekend. Mastodon’s service, an open source, decentralized social network and rival to Elon Musk’s X, has gained increased attention following the Twitter acquisition
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