Disney’s Hotstar loses 12.5 million subscribers in a quarter amid cricket shortfall
Disney+ Hotstar lost nearly a fourth of its customer base, or 12.5 million subscribers, in the quarter ending June, Disney disclosed in its earnings Wednesday, the ongoing setback at the India-focused streamer that’s reeling from the lack of cricket content. This is the third consecutive quarter in which Disney has
Read MoreGoogle opens eSignature beta for Google Docs and Google Drive
Electronic signature has become table stakes for companies involved in document storage and management. So it shouldn’t come as a surprise that Google announced an open beta of its new-ish eSignature capability in Google Workspace today. The new feature will be available specifically for Google Docs and Google Drive for
Read MoreChina tech further severed from US fundings after Biden ban
President Joe Biden on Wednesday signed an executive order barring U.S. investments in certain tech sectors of China, confirming months of rumors that Washington would ramp up efforts to squeeze China’s tech industry amid growing concerns over Beijing’s military ambitions. The order authorizes the U.S. Secretary of the Treasury to
Read MoreRandom points in a high-dimensional orthant
In high dimensions, randomly chosen vectors are very likely nearly orthogonal. I’ll unpack this a little bit then demonstrate it by simulation. Then I’ll look at what happens when we restrict our attention to points with positive coordinates. *** The lengths of vectors don’t contribute to the angles between them,
Read MoreKrafton commits $150 million to India following BGMI trial approval
South Korean gaming behemoth Krafton plans to invest another $150 million in India over the next 2-3 years after securing permission to trial its popular battle royale game in India following two bans. Thursday’s announcement follows Krafton investing about $140 million in 11 Indian startups and the local gaming ecosystem
Read MoreAnthropic launches improved version of its entry-level LLM
Anthropic, the AI startup co-founded by ex-OpenAI execs, has released an updated version of its faster, cheaper text-generating model available through an API, Claude Instant. The updated Claude Instant, Claude Instant 1.2, incorporates the strengths of Anthropic’s recently announced flagship model, Claude 2, showing “significant” gains in areas such as
Read MoreReddit’s menswear hub is the latest casualty of its battle with moderators
The widespread protests against Reddit’s API changes reached a boiling point last month after the company forcibly reopened r/malefashionadvice — the largest subreddit that stayed dark after the blackout — booted the moderators, and appointed new ones. The moderators of r/malefashionadvice (MFA) opted to keep the subreddit private after the
Read MoreWhat led to EV darling Proterra’s bankruptcy
Proterra, a company that develops battery systems for buses and other heavy duty EVs, filed for bankruptcy earlier this week, making it the latest in a string of failures in the EV sector. While some parallels can be drawn between Proterra and other failing or defunct EV companies, this company
Read MoreMessina joins Ride Home Fund’s new $15M AI vehicle, backed by Andreessen, Dixon, Crowley
Tech veteran Chris Messina and writer/podcaster Brian McCullough are launching a new $15 million fund aimed at AI startups. The backers include tech luminary investors and founders such as Marc Andreessen, Chris Dixon, and Dennis Crowley, who are all investing personally. McCullough has been running his Ride Home Fund for
Read MoreCreators vow not to scab as SAG-AFTRA, WGA strikes continue
As Hollywood’s writers and actors unions remain on strike, studios are turning to content creators to promote their movies and attend their screenings. But over 115 creators with a combined 80 million followers are pledging that they won’t cross the picket line while the SAG-AFTRA and WGA strikes rage on.
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