An Urgent Need for Ethical Financial Systems for Globally Underserved
Payment leaders, regulators, and developers share successes and outline how to build an inclusive global financial system at the Interledger Summit in Cape Town. But warn that time is short. Around two hundred banking and fintech leaders, regulators, parliamentarians from seven African countries, payment professionals, and developers gathered at the
Read moreGlint Solar grabs $8M to help accelerate solar energy adoption across Europe
Solar energy is booming, which is good news for Glint Solar. The Norwegian software-as-a-service startup has built a platform that’s helping energy giants and large solar developers such as E.ON, Recurrent Energy, and Statkraft cut the time it takes to plan and pre-design solar installations to accelerate the transition to renewables.
Read moreTruecaller’s founders step down as the spam blocking app regains momentum
The co-founders of Swedish caller identification app Truecaller are stepping back from day-to-day operations, marking the end of an era for one of Sweden’s most successful consumer technology companies. Alan Mamedi and Nami Zarringhalam (pictured above), who co-founded Truecaller in 2009, will hand over control in January to Rishit Jhunjhunwala,
Read moreAustralia looks to ban social media for kids under age 16
Australian Prime Minister Anthony Albanese on Wednesday announced plans in the country to ban social media for children under 16, saying that “social media is doing harm to our kids, and I’m calling time on it.” The proposed legislation will enter parliament this year, taking effect a year after lawmakers
Read more‘Prediction markets’ set to pay out $450M to election bettors
Following Donald Trump’s election victory, thousands of bettors anticipate a potential $450 million payout from online betting sites, says Reuters. As Trump’s odds surged on so-called prediction markets near the end of the race, platforms like Kalshi and Polymarket gained attention for diverging sharply from traditional polls, which suggested a
Read moreSpaceX to launch Starship for the sixth time this month
SpaceX will conduct the sixth flight test of Starship, the largest rocket ever built, as soon as November 18 following the smooth success of the previous mission less than a month ago. The high flight cadence is thanks, in part, to that success, which included the first-ever return of the
Read moreiRobot lays off another 105 employees
Roomba maker iRobot is laying off 105 employees — about 16% of the company’s workforce, per an SEC filing — saying the cuts are part of an “operational restructuring plan.” The move comes after iRobot slashed roughly 350 jobs — about 31% of its workforce — earlier this year. Those
Read moreApple iOS 18.2 public beta arrives with new AI features, but some remain waitlisted
Apple has released the AI-powered version of its latest mobile operating system, iOS 18.2, to its public beta users. The update includes new features like an AI emoji generator app called Genmoji, an Image Playground AI image app, ChatGPT integration with Siri, and visual search using the iPhone 16 cameras,
Read moreThe FTC comes after neobank Dave for misleading marketing, hidden fees
The Federal Trade Commission (FTC) announced on Tuesday that it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee”
Read moreThe other election night winner: Perplexity
On Tuesday, two AI startups tried convincing the world their AI chatbots were good enough to be an accurate, real-time source of information during a high-stakes Presidential election: xAI and Perplexity. Elon Musk’s Grok failed almost instantly, offering wrong answers about races’ outcomes before the polls had even closed. On
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