Swiggy, 2024’s biggest tech listing, falls below its IPO price and 2022 valuation
Indian food delivery company Swiggy’s stock fell below both its IPO price and its last private valuation as mounting losses and a wavering market position in quick commerce pressured its margins in the last quarter.
The...
Sprinklr cuts 500 employees, citing underwhelming business performance
Sprinklr, a U.S. firm providing a customer experience management platform to global brands, has laid off about 15% of its workforce — around 500 employees — due to business performance not meeting expectations, the company confirmed...
Lyft’s new AI customer assistant is powered by Anthropic’s Claude
Ride-hail giant Lyft has partnered with AI startup Anthropic to build an AI assistant that handles initial intake for customer service inquiries for both riders and drivers.
It’s the first phase of a broader collaboration between...
Tesla Dojo: Elon Musk’s big plan to build an AI supercomputer, explained
For years, Elon Musk has talked about Dojo — the AI supercomputer that will be the cornerstone of Tesla’s AI ambitions. It’s important enough to Musk that in July 2024, he said the company’s AI...
Tracking the EV battery factory construction boom across North America
The onshoring of battery manufacturing for EVs started as a trickle during the COVID-19 pandemic. Then it turned into a tsunami.
In 2019, just two battery factories were operating in the United States with another two...
RPLY is a new AI assistant that responds to missed texts
A new Mac app called RPLY launches today, designed to help texters achieve “inbox zero” on iMessage.
Targeting those who often forget to reply and leave their friends on delivered for days, RPLY utilizes AI to...
Snapchat+ subscribers can now create custom AI-generated stickers
In a bid to boost its subscription service and attract more paying users, Snapchat is rolling out additional features for Snapchat+ subscribers, including allowing Snapchat+ subscribers to create AI-generated stickers in chats. The social media...
European VC firm Emblem raises $85M for its initial fund
Emblem, a relatively new European VC firm based in Paris, is announcing the final closing of its first fund. Eighteen months after the first closing, the Emblem team managed to secure €80 million in total...
Spyware maker Paragon terminates contract with Italian government: Media reports
Paragon Solutions, a startup that sells access to surveillance technologies, including phone spyware, has cut ties with the Italian government, according to reports in The Guardian and Haaretz.
On Thursday, citing an anonymous source, The Guardian...
Pendulum’s AI-driven platform helps enterprises better predict supply and demand
Supply chains have had a tumultuous few years, beginning in 2020, when COVID-19 upended legacy global supply chains. More recently, the “TikTok-ification” of retail has companies like Shein and Temu creating new products constantly as...
