EducateKaro – Handpicked Tech & Startup News | Quick, Smart Summaries
Handpicked Tech & Startup News | Quick, Smart Summaries
The Indian mobility market is expected to double to over $600 billion by 2030, driven by electric, shared, and connected mobility, according to Google and BCG. Electric vehicle adoption will surge, with four-wheelers at 15-17% and two-wheelers at 35-40%. Consumer concerns include charging infrastructure and costs, while preferences vary between E4W and E2W. Women influence 52% of EV decisions, with high demand for tech features.
Read more on YourStory.
Meta announced a new video editing app, Edits, launching on iOS next month, with Android to follow. Aimed at creators, the app offers creative tools, insights, and collaboration features. This move follows the removal of ByteDance’s CapCut amid the TikTok ban. Meta aims to capitalize on the gap, similar to its quick launch of Instagram Reels after TikTok’s India ban.
Read more on TechCrunch.
Diagnosed with breast cancer twice, Aditi Mittal and her husband Sanchit Agarwal founded Newmi Care in 2022 to address gaps in women’s healthcare. The femtech platform offers retail services like advanced screenings and consultations, operates 10 women’s health clinics in Delhi-NCR, and collaborates with corporate giants like American Express and Deloitte. Newmi also provides tailored OPD insurance products for women, including maternity, hormonal, and cancer care. With funding from USAID and $1.5M in seed capital, Newmi serves over 60,000 women, aiming to expand to 100 clinics by 2026 and provide accessible, holistic healthcare for over a million women.
Read more on YourStory.
AI-driven search engine Perplexity has recently acquired Read.cv, a professional networking platform that was launched in 2021 by former Facebook designer Andy Chung. Read.cv is recognized for its features such as resumes, team profiles, job listings, and a Sites function that allows users to create personal websites with “.cv” domains. However, the platform will start winding down operations this Friday. Users will have the opportunity to export their data until May 16, and the domain transition to Hello.cv will take place on January 31. Perplexity’s CEO, Aravind Srinivas, commended Read.cv for its insights into consumer and social experiences. This acquisition is the third for Perplexity as it broadens its focus on corporate tools, following its impressive $9 billion valuation and $500 million in funding from investors, including Institutional Venture Partners.
Read more on TechCrunch.
SpaceX successfully caught the Super Heavy booster for the second time during its seventh Starship test flight. However, the upper stage, Starship, was lost after SpaceX lost contact 8.5 minutes into the flight due to an “oxygen/fuel leak” that caused pressure buildup.
Read more on TechCrunch.
Hindenburg Research, known for its critical reports on Gautam Adani, is shutting down after achieving its goals. The firm’s 2023 report triggered a $150 billion selloff in Adani Group’s shares, though most losses were later recovered. Founder Nathan Anderson cited a planned conclusion after completing investigations as the reason for closure.
Founded with no traditional finance background, Hindenburg faced early lawsuits and financial struggles. Its 11-member team led investigations resulting in charges against nearly 100 individuals. Anderson highlighted their impact, saying, “We shook empires that needed shaking,” while acknowledging the toll the work took on personal lives.
Read more on Economic Times.
Meta has raised concerns about a recent decision by India’s Competition Commission (CCI), which found the company had misused its dominant position by bundling certain features on its platforms. According to Meta, this ruling could lead to some features being scaled back, which might affect both users and businesses that depend on its services.
While Meta is committed to complying with regulations, the company has highlighted the potential challenges this decision poses for its operations in India. It hopes to work closely with authorities to find a balanced approach that allows it to continue offering valuable tools and experiences to its millions of users in the country.
This situation reflects the increasing regulatory pressure on big tech companies and Meta’s efforts to navigate these challenges while staying connected with its users in one of its largest markets.
Read more on reuters.
Zypp Electric, a Gurugram-based EV-as-a-service platform, is raising ₹55.4 crore ($6.5 million) from 16 investors in its Series C round, valuing the company at $335-350 million. Earlier in May 2024, it raised $15 million led by ENEOS. Founded in 2017, its partners include Zomato, Swiggy, Flipkart, and more.
Read more on YourStory
Blaize, an AI chip startup started by ex-Intel engineers, is gearing up to go public on Nasdaq through a SPAC deal this Tuesday, as reported by TechCrunch.
Founded in 2011 and based in El Dorado Hills, California, Blaize focuses on AI chips designed for edge applications like drones, robots, and smart cameras. The company has garnered support from investors including Samsung and Mercedes-Benz, raising a total of $335 million.
Even though it reported a loss of $87.5 million in 2023 on just $3.8 million in revenue, Blaize is highlighting $400 million in deals, which includes a significant $104 million defense contract in EMEA aimed at developing systems that can detect drones and identify troops. CEO Dinakar Munagala believes that edge computing is the way forward because it offers advantages in cost, latency, and privacy. While Nvidia is concentrating on data centers, Blaize is putting its energy into practical AI solutions that address real-world needs that often get overlooked.
Read more on TechCrunch
In a recent blog post, Mullenweg shared that he had disabled the WordPress.org accounts of a few contributors, such as Joost de Valk and Karim Marucchi. This action was taken due to their supposed intentions to create a fork of WordPress, according to TechCrunch. This decision comes after these contributors expressed interest in spearheading the next WordPress update, particularly after Automattic announced it would be scaling back its support for the open-source project.
Read more on TechCrunch.
