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China passes data protection law

5 years 1 month ago
China has passed a personal data protection law, state media Xinhua reports (via Reuters). The law, called the Personal Information Protection Law (PIPL), is set to take effect on November 1. It was proposed last year — signalling an intent by China’s communist leaders to crack down on unscrupulous data collection in the commercial sphere […]
Natasha Lomas

Facebook launches program to help small Indian businesses secure loans

5 years 1 month ago
Facebook is launching a new program in India to help small and medium-sized businesses secure loans in the South Asian market as the company makes further push to expand its presence among merchants. The social conglomerate said its new program, called Small Business Loans Initiative, addresses some of the biggest pain points small businesses face […]
Manish Singh

Alerzo raises $10.5M Series A to bring Nigeria’s informal retail sector online

5 years 1 month ago
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact, it might be the second-best thing after fintech at the moment. Today’s news is from Alerzo, a little-known B2B e-commerce retail startup based in Ibadan, Nigeria. The company is announcing a $10.5 million Series A […]
Tage Kene-Okafor

Microsoft backs India’s Oyo at $9.6 billion valuation

5 years 1 month ago
Microsoft has invested $5 million in Indian budget hotel chain Oyo, according to a regulatory filing this week. The investment confirms a TechCrunch scoop from last month. The new investment values Oyo at $9.6 billion, only slightly below the $10 billion implied valuation from the Indian startup’s previous financing round in 2019. The startup, which […]
Manish Singh

Top four highlights of Elon Musk’s Tesla AI Day

5 years 1 month ago
Elon Musk wants Tesla to be seen as “much more than an electric car company.” On Thursday’s Tesla AI Day, the CEO described Tesla as a company with “deep AI activity in hardware on the inference level and on the training level” that can be used down the line for applications beyond self-driving cars, including […]
Rebecca Bellan

Musk: The Tesla Bot is coming

5 years 1 month ago
Remember that weird Will Smith movie about robots? Yeah, neither do we. But Elon Musk does. Tesla is developing a 5’8” Tesla Bot, with a prototype expected sometime next year. The news comes during Tesla’s inaugural AI Day, which was streamed on the company’s website Thursday night. The bot is being proposed as a non-automotive […]
Aria Alamalhodaei

Indonesian D2C insurance marketplace Lifepal raises $9M Series A

5 years 1 month ago
Choosing an insurance policy is one of the most complicated financial decisions a person can make. Jakarta-based Lifepal wants to simplify the process for Indonesians with a marketplace that lets users compare policies from more than 50 providers, get help from licensed agents and file claims. The startup, which says it is the country’s largest […]
Catherine Shu

Google says geofence warrants make up one-quarter of all US demands

5 years 1 month ago
For the first time, Google has published the number of geofence warrants it’s historically received from U.S. authorities, providing a rare glimpse into how frequently these controversial warrants are issued. The figures, published Thursday, reveal that Google has received thousands of geofence warrants each quarter since 2018, and at times accounted for about one-quarter of […]
Zack Whittaker

Today’s real story: The Facebook monopoly

5 years 1 month ago
To the average person, Facebook’s monopoly seems obvious. But obviousness is not an antitrust standard. Monopoly has a clear legal meaning, and thus far Lina Khan’s FTC has failed to meet it.
Walter Thompson

Samsung Galaxy Watch 4 Classic: A well-rounded smartwatch

5 years 1 month ago
For smartwatches, it’s Apple against the world. Per recent numbers from CounterPoint, the Apple Watch commanded more than one-third of global shipments in Q1. Samsung/Tizen’s own market share is a distant — but respectable — second place, with 8%. With Google’s Wear OS at fifth place at just under 4%, it’s easy to see both […]
Brian Heater

Adobe buying Frame.io in $1.28B deal

5 years 1 month ago
Adobe announced today it is acquiring Frame.io, a video review and collaboration platform used by over a million customers, for $1.275 billion in cash. Founded in 2014 by post-production company owner Emery Wells and technologist John Traver, New York-based Frame.io was created to solve the workflows challenges filmmakers faced in their daily lives.  Today, the […]
Mary Ann Azevedo

OnlyFans’ porn ban is crypto’s opportunity of a lifetime

5 years 1 month ago
Today, OnlyFans dropped the massive bombshell that it will be banning “sexually explicit content” from the app later this year. This is obviously a wildly seismic shift for OnlyFans, which completely disrupted the adult content industry and gave performers a path toward greater independence by allowing them to connect directly with their fans via subscriptions. This […]
Lucas Matney

Twitter rolls out a series of improvements to its Direct Message system

5 years 1 month ago
Have you ever tried to share a funny tweet with a few friends via Twitter DM, only to accidentally start a group chat? You’re not alone. Today, Twitter announced that it will roll out a few quality of life improvements to its direct messaging system over the next few weeks, including the ability to DM […]
Amanda Silberling

OnlyFans bans explicit content

5 years 1 month ago
OnlyFans has announced that it will ban sexually explicit content starting in October. The platform was not built specifically for porn but that has grown to be its most popular and visible use case, but pressure from “banking partners and payout providers” means the company will have to leave the adult content world behind and […]
Devin Coldewey

Revolut introduces salary-advance feature in the UK

5 years 1 month ago
Fintech startup Revolut is launching a new feature called Payday. It is an alternative to credit card debt and short-term credit as it lets you unlock a portion of your wage early. If a business decides to integrate with Revolut, users can then access the feature from the financial super app directly. Right now, the […]
Romain Dillet
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