BYJU’S Parent and Founder’s Brother Guilty of $533M Fraud

A US bankruptcy court ruled that BYJU’S parent, Think & Learn Pvt Ltd, and Riju Ravindran defrauded lenders by stealing $533 million from BYJU’S Alpha, Inc. The court confirmed fraudulent transfers and Riju’s breach of duties. Lenders aim to recover the funds, adding to BYJU’S ongoing financial and legal struggles in the US and India. Damages are pending.

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Google Launches Experimental AI Search Engine

Google has launched an experimental search engine feature, AI Mode, replacing the classic 10 blue links with an AI-generated summary. Available to Google One AI Premium subscribers for $19.99/month, it’s accessible via an “AI Mode” tab. Driven by user demand, it faces competition from OpenAI and a lawsuit from Chegg over publisher concerns.

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Apple Unveils Updated MacBook Air with M4 and a Price Cut

Apple’s refreshed MacBook Air brings the M4 chip, a sky blue color, and a surprising price drop—$999 for the 13-inch and $1,199 for the 15-inch. Order now for the March 12th launch! With a 12-megapixel Center Stage webcam and dual-display support, it’s a solid upgrade, though the design stays familiar.

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Kevin Rose, Alexis Ohanian acquire Digg

Digg is making a comeback under original founder Kevin Rose and Reddit co-founder Alexis Ohanian. They aim to revive the platform with a focus on community and discovery, leveraging AI to combat misinformation. A new version, led by CEO Justin Mezzell, is set to launch soon, with invites rolling out in the coming weeks.

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Tesla Signs First Lease in India for Mumbai Showroom

Tesla’s finally rolling into India! They’ve signed a five-year lease for a showroom in Mumbai’s Bandra Kurla Complex, starting February 2025. The 4,003-square-foot space costs $446,000 in rent for the first year. After delays from regulations and infrastructure woes, Tesla’s back to spark India’s EV scene in one of the world’s hottest car markets.

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Darwinbox Secures $140M to Boost HR Tech Globally

Darwinbox, an Indian startup, just raised $140 million to expand its all-in-one HR SaaS platform, taking on big names like Rippling and Deel. Co-led by KKR and Partners Group, with investors like Microsoft and Sequoia, they’re targeting the U.S. market, serving over 1,000 enterprises and 3 million employees with flair!

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Ramp’s Revenue Soars to $700M, Valuation Hits $13B

Fintech star Ramp has rocketed past $700 million in annualized revenue by January 2025, doubling from $300 million in under 18 months. With AI slashing costs and a $150 million secondary sale, its valuation jumped to $13 billion. CEO Eric Glyman says profitability’s a choice—they’re all in on growth!

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Ola Electric Cuts 1,000 Jobs Amid Losses and Competition: Report

Ola Electric is slashing over 1,000 jobs to tackle soaring losses, hitting Rs 562 crore last quarter—up from Rs 374 crore a year ago. It’s the second layoffs round after 500 cuts in November. Facing Bajaj Auto’s competition, Ola’s automating, restructuring, and using its 4,000 stores for inventory to boost margins and reclaim its EV edge.

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Microsoft Shuts Down Skype, Pushes Teams

After 23 years, Skype is closing on May 5, 2025, as Microsoft shifts focus to Teams. Acquired 14 years ago, Skype’s 36 million users have 10 weeks to migrate to Teams or download their data. Teams’ consumer calls have soared, while Skype’s faded. It’s a nostalgic end for a pioneer, but Teams is Microsoft’s future.

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Flora Crafts an AI-Driven ‘Endless Workspace’ for Creatives

Weber Wong’s startup, Flora, launched this week, aiming to revolutionize AI tools for creatives. Unlike typical models, Flora offers an “infinite canvas” for generating text, images, and videos with real control. Targeting designers, it’s already collaborating with Pentagram. Wong’s goal? Empower artists to do 100X more, skipping the “AI slop.”

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