Flipkart-backed Shadowfax nears $60 million funding led by TPG NewQuest
Indian logistics startup Shadowfax is finalizing a funding round of about $60 million, more than a year after it began the funding deliberations, two sources familiar with the matter said. TPG’s NewQuest is positioning to lead the round, which also includes some secondary transactions, the sources said, requesting anonymity as
Read moreX, formerly Twitter, now lets paid users hide their checkmarks
Social media company X, formerly Twitter, now lets paid users hide their verification checkmarks. The Elon Musk-owned company introduced paid verification last year with the Twitter Blue relaunch. The service was renamed to XBlue during the ongoing rebranding exercise. The company has updated the help page for paid subscriptions, which
Read moreMeta starts ending news availability in Canada
Meta announced today that the process of ending news availability in Canada has officially begun. The company continues to hold its ground, refusing to comply with a law it deems “unworkable”, and has not engaged in discussions with the government, as Google has, in hopes to work out a resolution.
Read moreAs spend management space heats up, Brex and Rho turn to AI startups to help power new products
The competition in the spend management space continues to intensify. Brex and Rho today each announced AI-powered/enabled accounts payables offerings. Their announcements coincidentally came out the same day competitor Ramp announced it had expanded into procurement — further evidence that the companies in the space are clamoring to not only
Read moreThe entire story of Twitter / X under Elon Musk
Image: Laura Normand / The Verge Forget Tesla, SpaceX, Neuralink, and The Boring Company — Elon Musk is now the owner of Twitter. Elon Musk bought Twitter, and now he’s rebranding it as X. Signs have gone up (and back down), icons are changing, and an old plan is new.
Read moreThis California agency wants to know what happens to all that connected car data
The troves of data collected by today’s modern connected cars has long been viewed as a cash cow — a yet untapped opportunity that could boost profits for automakers. Now one California agency wants to know exactly how that data might be used. The California Privacy Protection Agency announced plans
Read moreWhy the all-electric Volvo EX30 is such a big deal
Almost a decade ago, Volvo drove into the modern era by going big. Literally. The second-generation XC90 crossover that launched in 2015 helped reset a brand associated with boxy station wagons by offering innovative hybrid engines, striking styling and a big tablet center screen that felt right out of the
Read moreNot all early-stage AI startups are created equal
The AI sector has gotten hotter over the last year. But unlike many of past venture fads — like crypto or web3 — the AI sector had a number of large startups and legacy players already active when the market started to froth. There have been AI exits and there
Read moreCoffee briefing Aug. 1 – TELUS doubles impact with $2 million commitment to its Indigenous Communities Fund, eighty per cent of website redesigns fall short of full potential due to business-consumer disconnect; New Kootenay Lake visualization tool helps understand water levels; and more
Coffee Briefings are timely deliveries of the latest ITWC headlines, interviews, and podcasts. Today’s Coffee Briefing is delivered by IT World Canada’s editorial team! Missed last week’s Coffee Briefing? We’ve got you covered. TELUS doubles impact with $2 million commitment to its Indigenous Communities Fund Source: Telus TELUS has announced
Read moreA bankrupt crypto firm tried to return funds — but customer data might’ve been stolen instead
Illustration by Alex Castro / The Verge The bankrupt crypto firm Voyager Digital suffered a potential data breach when it started letting customers recover their funds last month, as first reported by Bloomberg. In a court document filed on July 28th, Voyager’s lawyers say they’re investigating reports that scammers targeted
Read more