Tumblr is losing $30M each year, CEO says
If we’ve learned anything from this past year of Twitter clones, CEO fights, shitposting and bad, money-grabbing policies, it’s this: making a social media company profitable is hard! After rolling out some unpopular features, Tumblr is now trying to “build in public” and be more transparent about the business behind
Read MorePipe co-founder raises $6M for CapStack, a bank-to-bank marketplace aimed at ‘de-riskifying portfolios’
CapStack, a startup formed by Pipe co-founder Michal Cieplinski, has raised $6 million toward its effort to build an integrated operating system for banks. In simpler terms, Cieplinski described CapStack as the “first bank-to-bank marketplace,” giving the institutions the ability to share and have visibility into one another’s portfolios. Cieplinski
Read MoreKenya’s First Virtual University Launches
Kenya| The launch of Kenya’s first fully-fledged online university is a milestone achievement for Africa’s education sector, one that is surely to spearhead a movement towards online education that will establish it as a new norm across the African continent. The public University will be the first of its kind
Read MoreLife Beyond Loadshedding – What is Next for South Africa?
The escalating loadshedding issue has shaken our nation for months. With a rising decline of energy, South Africans have learnt not to depend on electricity as their go – to energy resource. This ongoing problem that has become tiresome has forced many to opt for alternative solutions to ensure the
Read MoreWant a personalized and hassle-free shopping experience?
Egypt | Rabbit, the e-commerce platform, has announced the launch of RabbitAI, an innovative AI-powered shopping assistant leveraging OpenAI’s ChatGPT technology. The introduction of RabbitAI signifies a significant milestone in the Middle East’s AI adoption, as it becomes the first Arabic-supporting AI shopping assistant globally and the first of its
Read MoreForaged’s wild foods marketplace saw repeat customer rate increase over 1,000%
We don’t have to forage for food so much anymore; however, people not only enjoy unearthing wild mushrooms and other foods, but consumers are also equally excited to eat them. Enter Foraged, a marketplace for purchasing wild and specialty foods from independent foragers and farmers. Mushrooms are big business: Companies
Read MoreFold Health streamlines admin work for value-based care providers
Abhijit Gupta and Ram Sahasranam have plenty of experience in the healthtech space, having sold their first startup, health app maker Praxify, to Athenahealth. Now the duo are focused on value-based care. Fold Health is their operating system for cutting down on the amount of admin work performed by value-based
Read MoreSilo raises $32M to help food supply chain companies manage their finances
In 2012, after moving to the Bay Area, Ashton Braun set out to build a platform that could solve some of the inefficiencies in food and agricultural supply chains. He experienced these inefficiencies firsthand while working as a commodities trader in Singapore, where he saw businesses struggle to overcome the
Read MoreGoogle TV adds The Roku Channel to its free, streaming TV lineup
The Roku Channel is now available on Google TV and other Android TV OS devices, Roku announced Wednesday. The free ad-supported streaming TV (FAST) channel can now be downloaded through the Google Play Store. Starting today, users have access to over 80,000 new titles and more than 350 live TV
Read MoreAdobe says Firefly has now generated 1B images, takes it global
Adobe today announced that its Firefly web service is now available globally with support for text prompts in 100 languages — including Klingon (both Latin and plaqaD, in case you were wondering). The user interface is now available in 20 languages, including in German, French, Japanese, Spanish and Brazilian Portuguese.
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