Flip, the TikTok Shop rival, launches a creator fund that grants up to $100M of equity
Flip is a social commerce app that lets shoppers become creators. They can share honest reviews and earn cash based on engagement on the platform. As Flip competes with TikTok Shop and other platforms in a highly competitive market, it has introduced a new creator fund that offers a unique
Read moreMark Zuckerberg says Meta will have 1.3M GPUs for AI by year-end
Meta CEO Mark Zuckerberg said that the company plans to significantly up its capital expenditures this year as it aims to keep pace with rivals in the cutthroat AI space. In a Facebook post Friday, Zuckerberg said that Meta expects to spend $60 billion-$80 billion on CapEx in 2025, primarily
Read moreOpenAI’s Stargate project reportedly doesn’t have the money it needs
Stargate — the massive infrastructure project to build data centers for OpenAI in the U.S. — lacks a fully developed plan and hasn’t secured funding yet, according to a report from the Financial Times. Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around $100
Read moreApple admits next-gen CarPlay is late, but still in development
Though Apple rarely misses self-imposed deadlines, it’s done so with the next generation of CarPlay. The company originally teased the update back in 2022. With this new version, CarPlay will integrate seamlessly with the instrument cluster to provide information on speed, climate control, and other car data. Apple had promised
Read moreGoogle commits to combatting fake reviews in the UK after 5-year probe
The U.K.’s antitrust regulator has reached an agreement with Google to counter the scourge of fake online reviews. The internet giant has committed to several remedies. Bogus endorsements have blighted the web since the creation of user reviews, which is why regulators around the world have been upping the ante
Read moreAllara lands $26M to expand women’s hormone telehealth
Growing up with an OB-GYN father, Rachel Blank assumed that most women received excellent gynecological care. She regularly witnessed her dad’s patients thanking him for delivering their child when they would bump into him around town. But Blank realized that not all women’s health issues are treated equally when, at
Read moreFoyer unlocks $6.2M to help people save up to buy homes
Landy Liu knows how hard it is to save for a home. While working at mortgage startup Better.com, he spent years dealing with first-home home buyers who felt overwhelmed when it came to shopping for homes. By the time it was his turn in 2022, mortgage rates had nearly doubled,
Read moreLG Electronics takes majority stake in Bear Robotics, reportedly valuing startup at $600M
LG Electronics is betting on robotics as its next big growth driver. The South Korean electronics company said on Friday that it has agreed to acquire an additional 30% stake in Bear Robotics, a California-based startup it previously backed that is building AI-powered server robots for restaurants. The deal gives
Read moreApple introduces a new API to support more in-app purchase formats
Apple announced on Thursday a new API called the Advanced Commerce API to support more in-app purchase formats, such as subscriptions and content add-ons. The company added that it is not changing the commission structure to support these use cases. “The App Store facilitates billions of transactions annually to help developers grow their
Read moreVISA Makes Key Investment in Moniepoint to Fuel SME Growth in Africa
As Africa’s Fintech landscape evolves rapidly, driven by a dynamic ecosystem and a focus on closing the financial inclusion gap, Visa has been at the forefront of this transformation, leveraging its expertise and resources to support the growth of African Fintech startups As a prominent player in digital payments, Visa
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