EducateKaro – Handpicked Tech & Startup News: Summarized for You
Handpicked Tech & Startup News: Summarized for You
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.
Read more on TechCrunch
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.
Read more on TOI
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!
Read more on TechCrunch
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!
Read more on TechCrunch
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.
Read more on YourStory
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.
Read more on TechCrunch
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.”
Read more on TechCrunch
Apple discreetly introduced the $599 iPhone 16e, merging iPhone 13 and 14 designs with the A18 chip and a custom C1 modem. No big event—just a press release. It’s a reliable, cost-effective pick with Apple Intelligence, targeting markets like China and India, though it lacks some premium features.
Read more on TechCrunch
Indian companies are in a rush to embrace AI, but a recent LinkedIn report points out a significant challenge: there’s a lack of skilled talent. Only about half of the applicants actually meet the job requirements, making it tough for HR to discover qualified AI and tech experts. As a result, businesses are focusing on selective hiring and upskilling their existing workforce, prioritizing a skills-first strategy to fully harness the power of AI.
Read more on YourStory
Amazon Web Services (AWS) has rolled out Ocelot, its inaugural quantum chip, which reduces error correction costs by as much as 90%. This innovative chip utilizes “cat qubits,” drawing inspiration from Schrödinger’s experiment, and improves both efficiency and cost-effectiveness. Created at Caltech, Ocelot represents a significant advancement in AWS’s competition with Microsoft and Google to develop practical quantum computers that tackle real-world problems.
Read more on YourStory
