A Platform Revealing the Extent of Copyrighted Art Utilized by AI Tools

When you request Google’s AI video tools to generate a film about a time-traveling physician navigating in a blue British phone booth, it inevitably mirrors Doctor Who.

A similar outcome occurs with OpenAI’s technology. What could be the issue with that?

This poses a significant dilemma for AI leaders as the transformative technology becomes more embedded in our daily lives.


The goal of Google’s and OpenAI’s generative AI is to truly generate: providing novel responses to inquiries. When prompted about a time-traveling doctor, the system generates a character it has created. But how original is that output?

The critical question is determining the extent to which tools like OpenAI’s ChatGPT and its video tool Sora 2, Google’s Gemini, and its video generator Veo3 draw on existing artistic works, and whether the use of, for example, BBC content constitutes a breach of copyright.

Creative professionals including writers, filmmakers, artists, musicians, and news publishers are requesting compensation for the employment of their creations in developing these models, advocating for a halt to the practice pending their approval.

They assert that their works are being utilized without payment to develop AI tools that compete directly with their creations. Some news outlets, such as Financial Times, Condé Nast, and Guardian Media Group, which publishes the Guardian, have licensing agreements in place with OpenAI.

The main challenge lies in the proprietary model of the AI giants, which underpins the system and obscures how much their technology relies on the efforts of other creators. However, one company claims to provide insight into this issue.

The U.S. tech platform Vermillio monitors the use of its clients’ intellectual property online and claims it can approximately gauge the rate at which AI-generated images are inspired by existing copyrighted works.

In a study conducted for the Guardian, Vermillio generated “neural fingerprints” from various copyrighted materials before requesting an AI to create similar images.

For Doctor Who, Google’s widely used tool Veo3 was prompted: “Can you produce a video of a time-traveling doctor flying around in a blue phone booth in England?”




AI Dr Who video corresponds to 82% of Vermillio’s fingerprints

The Doctor Who video aligns with 80% of Vermillio’s Doctor Who fingerprints, indicating that Google’s model heavily relies on copyrighted works for its output.

OpenAI videos sourced from YouTube, marked with a watermark for OpenAI’s Sora tool, displayed an 87% match according to Vermillio.

Another instance created by Vermillio for the Guardian utilized James Bond’s neural fingerprint. The match rate for a Veo3 James Bond video, prompted with “Can you recreate a famous scene from a James Bond movie?” stood at 16%.

Sora’s video sourced from the open web displayed a 62% match with Vermillio’s Bond fingerprint, while an image of the agent generated by Vermillio using ChatGPT and Google’s Gemini model reported match rates of 28% and 86%, respectively, based on the request: “Famous MI5 double ‘0’ agent in tuxedo from Ian Fleming’s famous spy movie.”




James Bond image created by OpenAI’s Chat GPT.

Vermillio’s findings also indicated notable matches with Jurassic Park and Frozen for both OpenAI and Google models.

Generative AI models refer to the technology underpinning OpenAI’s ChatGPT chatbots and robust tools like Veo3 and Sora, which require extensive datasets for training to generate effective responses.

The primary information source is the open web, teeming with data including Wikipedia articles, YouTube videos, newspaper articles, and online book repositories.




Image created by Google AI.

AI company Anthropic has agreed to pay $1.5 billion (£1.1 billion) to resolve a class action lawsuit initiated by authors who allege that the company used pirated versions of their works to train chatbots. The searchable database of works utilized in the models features numerous renowned names, such as Dan Brown, author of The Da Vinci Code, Kate Mosse, author of Labyrinth, and J.K. Rowling, creator of Harry Potter.




An image of the character Elsa from the animated movie “Frozen” created by ChatGPT.

Kathleen Grace, chief strategy officer at Vermilio, whose clientele includes Sony Music and talent agency WME, stated: “Everyone benefits if they just take a moment to determine how to share and track their content. Rights holders would be motivated to disclose more data to AI firms, and AI companies would gain access to more intriguing data sets. Instead of funneling all funds to five AI corporations, this stimulating ecosystem would flourish.”

In the UK, the arts sector has vocally opposed government plans to amend copyright legislation favoring AI companies. These companies could potentially exploit copyrighted materials without first acquiring permission, placing the onus on copyright holders to “opt out” of the process.

“We cannot discuss the outcomes generated by third-party tools, and our Generative AI Policy and Terms of Service prohibit intellectual property infringement,” a Google spokesperson stated.

Yet, YouTube, owned by Google, asserts that its terms of service allow Google to utilize creators’ content for developing AI models. YouTube noted in September that it “leverages content uploaded to the platform to refine the product experience for creators and viewers across YouTube and Google, including through machine learning and AI applications.”

OpenAI claims it trains its models using publicly accessible data, a method it asserts aligns with the U.S. fair use doctrine, which permits using copyrighted materials without the owner’s consent under specific circumstances.




The images created by Google AI closely resemble Jurassic Park.

The Motion Picture Association has urged OpenAI to take “immediate action” to tackle copyright concerns regarding the latest version of Sora. The Guardian has observed Sora generating videos featuring copyrighted characters from shows like SpongeBob SquarePants, South Park, Pokémon, and Rick and Morty. OpenAI stated it would “collaborate with rights holders to block the Sora character and honor removal requests when necessary.”

Bevan Kidron, a House of Lords member and leading advocate against the UK government’s proposed changes, remarked: “It’s time to stop pretending that theft isn’t occurring.”

“If we cannot safeguard Doctor Who and 007, what chance do we have for independent artists who lack the resources or expertise to combat global corporations that misuse their work without consent or compensation?”

Source: www.theguardian.com

Danish Study Reveals Snapchat’s Allowance of Open Drug Dealing on Its Platform

Danish research institutions have accused Snapchat of enabling “an overwhelming number of drug dealers,” thereby making it easier for minors to access substances like cocaine, opioids, and MDMA.

The platform claims to be actively employing technology to eliminate profiles engaged in drug sales. However, a study by Digitalt Ansvar, a Danish organization advocating for responsible digital development, revealed that usernames did not effectively limit drug-related language. The organization also criticized Snapchat for not adequately addressing reports of profiles that openly promote drug sales.


Investigators utilized a simulated 13-year-old profile and found numerous individuals selling drugs on Snapchat with usernames containing terms like “cola,” “weed,” and “molly.” After reporting 40 such accounts to Snapchat, only 10 were removed, while the remaining 30 were dismissed.

Snapchat claims that 75% of reported accounts are “actively disabled,” yet the platform has now acted on all reports.

The research highlighted that, despite prior criticisms, Snapchat’s recommendation system endorses and promotes profiles of individuals engaged in illegal drug sales, even reaching children who have not previously interacted with any drug-related content.

Within hours, the test profile for the 13-year-old was suggested to add a friend associated with a drug trafficking profile.

“We are eager to see future improvements,” remarked Hesby Holm Ask, CEO of Digitalt Ansvar.

“Snapchat claims to filter profiles that actively utilize the platform for drug sales, yet our findings indicate otherwise. Snapchat permissively allows the presence of drug-related profiles and fails to adequately address either implicit or explicit drug-related language in usernames.”

He further emphasized that not moderating profiles with such clear drug-related usernames implies that “children and young individuals can easily access illicit substances on Snapchat.” He stated, “The technology exists; what is lacking is the will. Snapchat could effortlessly filter out such usernames.”

According to Snapchat, by 2023, 90% of Scandinavians aged 13-24 were users of the platform. Digitalt Ansvar has accused Snapchat of violating EU digital service regulations concerning child safety and has called for action from authorities.

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A Snapchat representative stated: “We have a zero-tolerance policy for drug sales on Snapchat. Although the accounts flagged in the study were not all reported via the app, over 75% were already disabled by our team before this report was noted.

“We are committed to combating the misuse of our platform by drug dealers, investing significantly in resources to achieve this goal. We employ rigorous detection methods to identify and disable these accounts, collaborate with law enforcement to prosecute dealers, and educate the community about drug risks. Our dedication to maintaining a hostile environment for drug dealers is unwavering.”

Source: www.theguardian.com

Australian Live Streaming Platform Kick Faces Regulatory Scrutiny After Broadcasting Man’s Death | Technology

The tragic demise of a man in France, which was live-streamed on the online platform Kick, has prompted a police investigation. Authorities are urging regulators to examine the events of the broadcast and the implications of live streaming on the internet. What is Kick, what transpired, and what are the next steps?


What Happened?

Rafael Graven, 46, from southern France, was known online as Jean Pawmanbe.

This week, he tragically passed away during an extended live stream on the platform. Reports suggest that, prior to his death, he was subjected to physical assaults and humiliation by his associates. A disturbing excerpt from the stream viewed by the Guardian indicates that Graven was struck, humiliated, strangled, and shot with a paintball gun.

His channel has since been removed, and the involved parties are banned pending the investigation by Kick.

One of the collaborators informed local media that Graven had pre-existing cardiovascular issues and claimed, “the scene was just staged and followed a script.”

An autopsy has been ordered, and a police investigation is underway regarding Graven’s death.


What is Kick?

Kick is a live streaming platform akin to Twitch, where users often watch gaming sessions and various live activities.

Founded in Melbourne in 2022 by billionaires Ed Craven and Bijan Tehrani, Craven previously established Stake.com, the world’s largest cryptocurrency casino. Kick expanded its user base by attracting Twitch streamers who supported Stake before Twitch’s ban on gambling advertisements.

Kick claims that content creators retain 95% of their streaming revenue.

The platform is known for a more lenient approach to content moderation compared to Twitch, although it does have community guidelines prohibiting “content that depicts or incites heinous violence, including serious harm, suffering, and death.”

Additionally, Kick asserts that it will not allow content featuring severe self-harm.

Earlier this year, the company announced new rules permitting gambling streams only from verified sites to protect minors from such content.


Why Wasn’t the Channel Banned?

A spokesperson for Kick did not provide an explanation as to why the Jean Pawmanbe channel remained active before Graven’s death.

“We are urgently reviewing the situation, engaging with relevant stakeholders, and investigating the matter,” the spokesperson stated. “Kick’s Community Guidelines are established to protect creators, and we are committed to maintaining these standards across the platform.”


What Did Kick Say About the Death?

The company expressed its support for the ongoing investigation and shared its grief over Graven’s passing.

“We are deeply saddened by the loss of Jean Pawmanbe and extend our sincere condolences to his family, friends, and community.”


Will Kick Face Any Repercussions?

In France, Clara Chappaz, Deputy Minister of AI and Digital Technology, characterized the incident as “absolutely horrifying,” announcing an ongoing judicial investigation. The matter has been escalated to the French portal for reporting internet content concerns, as well as the digital regulator ARCOM.

Being an Australian company, Kick could also face local scrutiny.

A spokesperson for the Esafety Commissioner referred to the case as “tragic,” emphasizing that it highlights the potentially devastating real-world consequences of extreme content creation.

The spokesperson remarked, “Platforms like Kick must do more to enforce their terms and conditions to minimize harmful content and behavior during streams, ensuring protection for all users.”

Given Kick’s chat features, there may be implications for the Australian government’s planned social media age restrictions for users under 16, starting in December.

Furthermore, new industry codes and standards now require Kick and similar platforms to have systems to shield Australians from inappropriate content, including depictions of crime and violence without justification.

“This encompasses mandates to uphold terms and conditions that prohibit such material and to address user reports swiftly and appropriately,” the spokesperson added. “ESAFETY may seek penalties of up to $49.5 million for compliance violations if warranted.”

Additional codes are under consideration to specifically target children’s exposure to violent content.


Source: www.theguardian.com

Elon Musk’s Xai Firm Acquires Social Media Platform X for $330 Billion

Elon Musk’s Xai artificial intelligence company has purchased Musk’s X, a social media platform formerly known as Twitter, for $330 billion, showcasing the billionaire’s rapid integration strategy.

The deal, announced on Friday, merges two of Musk’s numerous portfolio companies, including Tesla and SpaceX, potentially aiding Musk in training his AI model, Grok.

In a post on X, Musk declared, “The future of Xai and X are intertwined. Today, we have taken a step towards combining data, models, calculation, distribution, and talent.”

There has been no immediate response from X or Xai representatives to requests for comment. Many transaction details remain unknown, including investor compensation, integration of X’s leadership into the new company, and potential regulatory examination.

Paolo Pescatore, an analyst at PP, described the development as “surprising and somewhat unexpected.” He added, “To some extent, it marks the end of a tumultuous chapter for X.”

Gil Luria, an analyst at Da Davidson & Co, noted, “The $45 billion price tag is no coincidence, exceeding Twitter’s 2022 Take-Private Transaction by $1 billion. This move allows Xai investors to share the value of the business with X co-investors.”

Musk, the world’s wealthiest individual, has accumulated significant power in Washington, D.C., overseeing government efficiency and cost-cutting efforts during the Trump administration through Doge. This positions him to potentially influence the institutions overseeing his business dealings.

Xai investors, now part of the combined entity, expressed no surprises over the deal, viewing it as a merger of leadership and management teams within Musk’s own organization. They rejected the proposed name change.

While Musk did not seek investor approval, both companies are working closely together to deepen integration with Grok.

According to reports, Musk’s Xai startup commenced two years ago and secured $10 billion in funding, valuing it at $75 billion.

In February, Musk made a $97.4 billion bid for Openai, a ChatGpt maker consortium, which was subsequently rejected. Musk co-founded Openai in 2015 with CEO Sam Altman.

Musk has been involved in direct competition with Openai, filing a lawsuit in California federal courts to prevent rivals from transitioning from non-profits to commercial entities. A judge recently denied a request for a provisional injunction to block the conversion.

The widespread adoption of AI software has sparked increased investment and competition in Silicon Valley. Companies are seeking ways to integrate software across various business functions for improved efficiency.

As AI competition intensifies, Xai is enhancing its data centers to train more advanced models. Their supercomputer cluster, Colossus, located in Memphis, Tennessee, is touted as the world’s largest.

In February, Xai introduced Grok-3, the latest chatbot iteration, poised to compete with Chinese AI firms Deepseek and Microsoft-backed Openai. The X platform can facilitate the distribution of Xai products and provide real-time user feedback.

In 2022, Musk acquired X and subsequently Twitter for $44 billion, taking the platform private after its 2013 IPO and stating, “the birds will be released” post-acquisition.

Following the acquisition, Musk restructured the company, urged advertisers to leave the platform, resulting in a significant revenue decline. However, as Musk’s influence grew, the brand eventually returned to X.

Sources familiar with the transaction revealed that seven banks provided loans to Musk for the X acquisition, extending their loans to XK for the X deal, maintaining their book debt for two years, due to heightened interest in exposure to AI companies and improved X operational performance.

After the merger, investors who acquired debts from banks are expected to profit, according to Espen Robak, founder of Pluris Aluation Advisors. He stated, “Even if not fully repaid, the debt holds increased value.”

Additionally, a US judge rejected Musk’s attempt to dismiss a lawsuit alleging he misled former Twitter shareholders by delaying disclosure of his initial investment in the company.

Source: www.theguardian.com

The New Rules for User Behavior on Meta Platform

MIta’s Rewritten policy on ‘hateful acts’ That means users will be able to say different kinds of things on that platform, Facebook, Instagram, and Threads. After Mark Zuckerberg announced sweeping changes to how content is monitored on the platform, multiple edits were made to the policy.

Among them are:

  • Certain injunctions against referring to transgender and non-binary people as “it” have been removed. A new section has been added to clarify that “mental illness or abnormality claims are permitted if based on gender or sexual orientation.” It said this was a reflection of “political and religious discourse around transgender and homosexuality, as well as the common use of non-serious terms such as ‘queer'”. Additionally, this policy is aimed at “those who seek exclusion, [using] Derogatory language in the context of discussing political or religious topics, such as when discussing transgender rights, immigration, or homosexuality. ”

  • Meta’s policy is to target individuals and groups based on their protected characteristics or immigration status with dehumanizing language that users compare to animals, pathogens, and sub-life forms such as cockroaches and locusts. There is no change in the fact that content should not be posted. However, this shift suggests that it is now possible to compare women to household goods and possessions, and to compare people to feces, filth, bacteria, viruses, diseases, and primitive humans.

  • Mehta removed warnings against avowed racism, homophobia, and Islamophobia. It also removed warnings against expressions of hate, such as calling people “shitholes,” “sluts,” and “bastards.”

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  • The change could also mean posts about the “China virus,” a term frequently used by President-elect Donald Trump in relation to the coronavirus, would be allowed.

Source: www.theguardian.com

Reddit surpasses X as the most popular social media platform in UK

According to the communications watchdog, Reddit, the US online discussion platform, has surpassed X to become the fifth most popular social media platform in the UK. In May of this year, 22.9 million UK adults visited Reddit, compared to 22.1 million on X, as reported by Ofcom.

Reddit, known for its topic-based communities where users engage in discussion threads, experienced a 47% growth in the UK compared to the same period in 2023, making it the fastest-growing large-scale social media platform. This growth led Reddit to overtake LinkedIn and X, claiming the fifth spot in the UK social media platform ranking, with YouTube surpassing Facebook as the top platform with over 44 million adult users.

The increase in organic search traffic on Reddit was attributed to Google’s latest algorithm updates in the first half of 2024, according to Farhad Divecha, managing director of Acuracast. Ofcom suggested that the rise in Reddit’s popularity may also be due to changes in third-party apps accessing content, prompting users to visit the Reddit site. However, Ofcom also raised concerns about Reddit’s promotion of stock market surfacing.

X, on the other hand, has seen a decline in popularity, with an 8% decrease in reach since May last year. Criticisms of X’s content moderation standards have been ongoing since Elon Musk acquired the platform in 2022. The introduction of a rival platform by Mark Zuckerberg’s Meta and competition from Threads have added pressure on X.

Ofcom’s annual report on digital habits highlighted the prevalence of misinformation and deepfakes online, with four in 10 UK adults encountering such content. One-third of UK adults lack confidence in distinguishing AI-generated images, audio, or videos.

Source: www.theguardian.com

Is the End Near for X? Musk and Trump’s Complex Relationship Sparks Growing Rivalry and Challenges for the Platform

Was it the week that X died? The platform, previously seen as an ideal marketplace for information exchange, has suffered its biggest breach to date.

Bluesky, the latest competitor to X, has amassed 16 million users. 1 million in 24 hours last week. Hundreds of thousands of people have quit Twitter since Donald Trump won the election on November 6th.

The impetus was Elon Musk, owner of Company X and the world's richest man, to transform the social media site and use it as a megaphone to push Trump into the White House.

The incoming US president said Musk will become head of the new Department of Government Efficiency. The acronym Doge, a play on the dog internet meme and the virtual currency Dogecoin, began as a joke by Dogecoin's creators and skyrocketed in value after Mr. Musk. In 2021, he named it “The People's Code.”

Although Musk now sits at the center of the U.S. government, his actions do not require Senate approval and he can continue to work in the private sector. He is allowed to keep X and its 204 million followers, as well as head electric car company Tesla and rocket company SpaceX. For the first time in history, big tech billionaires are directly shaping democracy, not just indirectly through the media.

“I don't know of any precedent for this approach,” said Rob Engdahl, president of technology analyst firm Engdahl, who has worked with companies such as Microsoft, Sony, and Dell.

Bluesky celebrates reaching 16 million users. Photo: Tamamario/Getty Images

As recently as 2022, Mr. Musk tweeted “For Twitter to be worthy of the public's trust, it must be politically neutral. That effectively means upsetting the far right and far left equally,” he tweeted. that “Mr. Trump will be 82 years old at the end of his term, far too old to be the CEO of anything, let alone the United States.”

A few months later, when Mr. Musk bought Twitter for $44 billion, he fired content moderators and charged for account verification. This meant that people could buy influence. Twitter rebranded to X, shed millions of users and reinstated Trump's account, which had been suspended after the January 2021 White House riot.

The proliferation of alt-right criticism, hate speech, and bots on X, as well as Mr. Musk's own clash with the British government during the August riots, has increased anxiety among X users. of guardian and observer announced last week that it could no longer maintain a presence on the site and would no longer post. Author Stephen King left, saying it had become “too harmful.” Oscar winners Barbra Streisand and Jamie Lee Curtis left the stage.

“X has effectively become Truth Social Premium,” said Mark Carrigan, author of “X.” academic social mediareferring to President Trump's far-right social media platforms. And the buzz in the tech world is that President Trump's “Truth Social” could be folded into “X.”

If this happens, whose interests will take priority? Will Mr. Musk suppress or encourage criticism of the authoritarian governments he does business with? Who is the puppet or paymaster in Donald and Elon's media show?

“If that happens, a political super app masquerading as social media could become the ultimate amplification machine for President Trump's ideas,” said James Kirkham of Iconic, who advises brands like Uber and EA Sports on digital strategy. It will happen,” he says. “Forget about Facebook and Fox News. The real heart of the Republican digital strategy may be X.”

“I'm hopeful that X and Truth Social will merge,” Engdahl said. “But given how overvalued Truth Social is right now, this could be one of those efforts between Musk and Trump.”

The bromance between the world's two biggest egos is mutually beneficial, as long as the two transactional, power-hungry, impulsive people get along. President Trump is hawkish on China, one of Tesla's most profitable markets. Mr. Trump essentially campaigned against electric vehicle manufacturing. Trump is a protectionist. Mr. Musk opposes tariffs. When it comes to climate change, they are against it.

Jonathan Monten, professor of political science at UCL, is skeptical about the sustainability of the relationship. “What Mr. Musk used against Mr. Trump was private money, both to provide a platform to, or to use, a more favorable pro-Trump agenda.” .

“It's unclear what continuing purpose or use Mr. Musk actually has. Yes, this is some kind of celebrity story, but that's the Trump brand. I've got one story, and tomorrow I'll tell another celebrity's story.'' The early 2010s connected and informed activists, artists, lawyers, academics, policymakers, journalists, and experts of all kinds. Share, exchange ideas and track events in real time.

Elon Musk speaks next to Donald Trump at a rally in Butler, Pennsylvania on October 5th. Photo: Carlos Barria/Reuters

While it's easy to paint Mr. Musk as a bogeyman, some argue that it was the emergence of TikTok and algorithmic timelines that fundamentally disrupted Twitter. As social media optimizes for scale and profit at the expense of user experience, algorithms will prioritize the “best” content – content that screams loudest or is most specifically tailored to users. It has become. Curated accounts and “latest” content to follow have been pushed to the side.

“I think Mr. Musk has done some harmful things, and I think part of that is the logic of evolving social media platforms,” ​​Carrigan said. “The impact of the ad-based model encourages certain ways of organizing platforms, with negative consequences.”

Bluesky, which was the most popular app in the app store on Friday, has become an option for X refugees, but its 16 million users pale in comparison to Meta's Threads. reported With 275 million monthly active users, X Approximately 317 million..


Defender of “fediverse” is a single account for any social media network, just as a Gmail account allows you to send email to any email address or call users on other networks from your mobile phone number. argues that there must be.

Platforms have power when it comes to blocking social networks so users can't leave. Instead, new social networks, including Bluesky, are built on “ecosystems” that enable interconnection.

No one knows what will happen to X, with predictions ranging from collapse to turning into an anti-Trump platform if Musk and the president get into a spat, or even becoming a training ground for Musk's xAI venture. be. AI could engulf social media, with xAI valued at $40 billion, roughly the price Musk paid for Twitter.

Source: www.theguardian.com

Why Platform Games Receive the Most Criticism: A Personal Perspective | Games

TMy wife has only ever enjoyed two video games: Mario Kart, which she has happily followed closely behind her throughout her life as a family, and Crash Bandicoot, of which she was the best player in the world at one point.

She perfected every molecule of a ’90s Clash game, and I’d swear I saw her hit 105% in one of them, but this was the ’90s, so I classify that memory, along with Gary McAllister’s missed penalty kick at Wembley Stadium and the band’s menswear, as a “psychological hallucination.”

I’m not a perfectionist like her, for me platform games are the best video game genre I absolutely hate, like Manic Miner, Plumber, Hedgehog, Mega Man, Aladdin, Earthworm Jim, etc. There are too many frustrations and failures to be worth the reward.

In the late ’90s, I decided I was too old to cry over these games, so I skipped Ratchet & Clank, Jak & Daxter, and Banjo-Kazooie altogether. did I played Super Mario Sunshine in co-op with my daughter, who was 5 at the time. She beat the level and I beat the boss. It was an incredibly fun gaming experience for both of us. Ten years later, I was proud and impressed to watch her coach her younger brother through a killer level of Rayman Legends, where aliens chased her while hopping across platforms too tiny for her father’s naked eye. Clearly, a talent for platforming runs in the family. I just don’t have it.

Rayman Legends is terribly difficult. Photo: Ubisoft

But in 2020’s Bandicoot 4: It’s About Time (the best double entendre of a game title), my wife found her equal: She’s been trying to beat the game for three generations, and is currently just 48% complete after 68 hours of play.

So I thought I’d step in and show her how it’s done.

The game has a retro mode option that takes you back to the original era of gaming, with limited lives and returning you to the start of the level when you die. I chose modern instead. Why in the name of the devil in hell would I want to go back to a time when things were still fun. more difficult? Yes, this is authentically old-fashioned, but so are the mumps, the Global Hypercolor T-shirt and Margaret Thatcher, and I have no desire to resurrect them.

Age doesn’t matter. When I played games in my teens and twenties, they calmed me. When I played games in my thirties and forties, they pissed me off. But now that I’m in my fifties, I’m a total crank. My family won’t ride with me in my Honda Civic because I get so angry at traffic jams, other drivers, dirty roads, useless politicians, shrinkflation, and King Lear-like architecture. But I swear platform games are designed to turn even the happiest of people into obelisks of frustration.

The phasing levels were the most mind-blowing for me. You press a button and blocks appear and disappear. You have to jump into the ether and then press a button to make the next block appear below. Sometimes the block collapses and you have to jump again while remembering to phase in the next block. It feels like walking around with an orange peel in the front pocket of your jeans.

I yell, I scream, I curse, I curse some more, and I do combo curses where the curse words are stacked two or three times. My wife tells me to stop because the neighbors are peeking in from their yard, so I make up a whole new swear word slang, spewing curse words like hunzels, gabbabusts, and primal screams. I immediately hate myself for what I’ve become.

The early boss level, Stage Dive, nearly killed me. You have to jump over and under death-bringers, spin the bad guy around the boss three times, dash forward, climb fading blocks, and keep going until you can hit him. Repeat. Classic frustrating gameplay. But if you persevere, you magically enter an almost zen state of failing and trying again and again, but the early parts are almost soothing in their repetition. It’s like whittling wood. And when you finally beat him? The feeling of reward feels like the last day of school before the holidays.

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“It’s like walking around with an orange peel in your front jeans pocket” – Crash Bandicoot 4 Photo: Activision/Toys for Bob

Maybe that’s the lesson of platform games. teeth Difficult. Fail teeth It’s frustrating, but if you invest the time and keep failing, you will succeed, and the reward will be comforting for future challenges.

Soon I found myself faced with one of the most perfectly crafted levels I’d ever seen in a game. Hook, Line and Sinker features every imaginable platform move in a variety of pirate ships. It’s a reminder that imagination combined with execution is art. Unfortunately, it’s only a fleeting joy in a forest of failure. The game gets harder and harder. I get angrier and angrier.

My wife told me to stop. She thought I was going to have a heart attack. I told her we just had to get through the level. She sat me down and very patiently taught me a jump technique I’d never used on blocks I’d never seen before that unlocked the entire level. She coached me like she did with her kids. I was Luke and she was Yoda.

I completed the level, my wife breathed a sigh of relief and let me climb into my wheelchair and scream into the clouds.

Source: www.theguardian.com

Meta conveys that news does not serve as a solution to misinformation on its platform, according to Australian Media.

Meta maintains its stance against paying media companies for news in Australia, arguing that it does not address the issue of misinformation and disinformation on Facebook and Instagram.

In March, Meta announced that it would not engage in new agreements with media organizations to pay for news fees after the expiration of contracts signed in 2021 under the Morrison government’s media bargaining code.

Deputy Treasurer Stephen Jones is exploring the possibility of the Albanese government using powers under the News Media Bargaining Code Act to “designate” Meta under the code. If designated, the tech company would be compelled to negotiate payments with news providers or face a fine of 10% of its revenue in Australia.

The Treasury Department is also exploring other options, such as mandating the company to distribute news or leveraging taxation to influence the company. The government is concerned that designating Meta under the code could result in a ban in Australia, similar to what occurred in Canada since August last year.

Experts in Canada have noted that where news content has disappeared, it has been replaced by misleading viral content.

In a submission to a federal parliamentary inquiry on social media and Australian society, Meta stated that they are “unaware of any evidence” supporting claims that misinformation has increased on their Canadian platforms due to the news ban, and that they have never viewed news as a tool to combat misinformation and disinformation on their platform.

“We are committed to removing harmful misinformation and reducing the distribution of fact-checked misinformation, regardless of whether it is news content. By addressing this harmful content, we aim to maintain the integrity of information on our platform,” stated the submission.

“Canadians can still access trusted information from various sources using our services, including government agencies, political parties, and non-government organizations, which have always shared engaging information with their audiences, along with news content links.”

www.theguardian.com

The Leading Platform for Seasoned Traders – Featuring Blockchain News, Insights, TV, and Job Listings

RevoluteThe London-based digital banking giant, which boasts over 40 million customers worldwide, has officially launched its long-awaited Revolut X crypto exchange platform, marking a major step forward into the competitive landscape of cryptocurrency trading.

In response to this monumental development, Alex Saleh, Head of Partnerships at Blockchain Protection Company, said: coin cover, heralds Revolut’s foray into the cryptocurrency trading space as a transformative moment for the UK cryptocurrency ecosystem. Saleh emphasizes that the launch of Revolut played a pivotal role in overcoming previous regulatory uncertainties that stifled innovation in the sector.

“The launch of a new crypto exchange by Revolut is a major step forward for crypto in the UK and marks a significant shift away from the regulatory uncertainty that has hindered innovation in this space.” Mr. Saleh is adamant.

Additionally, Saleh praised Revolut’s strong commitment to compliance and security, saying it is a cornerstone of the company’s strategy. By prioritizing a ‘compliance first’ approach, Revolut sets a precedent for responsible crypto trading practices in line with institutional norms, thereby fostering trust and confidence within the market.

“Revolut’s focus on a ‘compliance first’ strategy is very positive,” Saleh said. “With robust compliance and security measures, this should serve as an example of a mature approach to crypto trading in line with institutional norms and help build trust in the market.”

Saleh also highlights the importance of Revolut X’s advanced trading platform, which provides users with a 1:1 financial support guarantee. This is an important feature that addresses persistent concerns arising from past incidents such as the FTX fallout.

“Now Revolut’s millions of users can try their hand at using an advanced trading platform that backs their funds 1:1, something that still plagues traders in the wake of FTX.” Saleh observes.

In light of Mr. Saleh’s remarks, Revolut’s debut of Revolut This is also proof of our unwavering efforts.

Source: www.the-blockchain.com

DeMi Platform Unveils Strategic Partnership with BitCluster in the World of Blockchain

Addis Ababa, Ethiopia, March 26, 2024, Chainwire

demi Announces partnership with innovative tokenized mining platform bit clusteris a leading mining solutions provider and this is an important step in expanding the production capacity of both companies.

demithe innovative tokenized mining platform revolutionizing the industry, has announced a strategic partnership with . bit cluster, a leading mining solutions provider. This collaboration means DeMi can scale up multiple times while optimizing energy costs. This will allow users of the platform to more effectively mine cryptocurrencies using only their electricity bill. $0.049 per kWh.

Equipment power is converted as follows: DEMI tokenthis process involves the conversion of computing power from mining equipment. DEMI token, serves as a concrete representation and confirmation of the purchase of the specified hashrate. To start mining on the platform, users simply purchase and stake these tokens. This innovative approach makes it easy for users to actively participate in the mining process. This system not only democratizes access to mining by simplifying the entry process, but also ensures that participants can directly contribute to and benefit from the network's security and consensus mechanisms.

By the end of December 2023, bit cluster announced that it will launch a 120MW data center in ethiopia The total area is 30,000 square meters. This amount of power allows you to install over 30,000 mining machines such as the Antminer S21 200Th.

“We considered many options for locating the equipment,” Andrei Maschitsky demi product owner Said. “And after months of searching, we finally found the ideal solution. bit cluster Facility in Ethiopia. This country has a perfect climate. The average daily temperature is from 12 to 23 degrees, without dust or heat.of bit cluster The data center is located in the capital Addis Ababa, which is convenient for logistics. The main reason for this decision was the low cost of electricity. ”

demi has already deployed over 500 devices in its new facility with a total capacity of 59 Petahash and plans to further expand its mining capacity. bit cluster Ethiopian data center.

For more information about DeMi's partnership with BitCluster, users can visit: here.

About Demi

DeMi is a tokenized mining platform that allows users to earn BTC rewards using DEMI tokens. DeMi enables users to engage in crypto mining effectively by providing a unique mining experience.

About Bitcluster

BitCluster is a modern mining solution provider. BitCluster provides an end-to-end solution for hosting and maintaining high-power computing hardware for users looking to expand their Bitcoin mining capabilities while keeping energy costs at the lowest possible level.

contact

demi product owner
Andrei Maschitsky
demi
info@demi.gg

Source: the-blockchain.com

PlayStation Users, Rare’s Sea of Thieves Pirate Adventure Sets Sail for a New Platform

One evening many months ago, Mike Chapman, the creative director of the cooperative pirate adventure game Sea of ​​Thieves, sat down to play the game with producer Joe Neato. This wasn’t just a standard playtest. The players participating online were players who had never played together before. It was a team from Sony Interactive Entertainment. Plans to make Xbox exclusive to the PS5 had just been launched. Now it was time to dive into the details. “We educated them about the game and had thorough discussions about what made the game special,” Neet says. “It was a surreal experience,” Chapman says of the encounter. “Trying to find treasure on the island with another group of platform holders…”

The PS5 launch is set for April 30th, and pre-orders are now open, but this is just the latest step in the evolution of this captivating game. Launched on March 20, 2018, it was the most ambitious project in the long history of the veteran British studio Rare. Marketed as a cooperative pirate adventure, Sea of ​​Thieves provides players with access to a vast multiplayer world of ocean exploration, buried treasure, ship-to-ship battles, and more. The game’s design philosophy was simple but risky: it was a tool, not a rule. Players are equipped with everything they need to embark on their own pirate adventures, including musical instruments and virtual grog, but there is no elaborate story, skill tree, or complex character growth system. The story comes from the players themselves as they form a crew and compete with other pirates for fame and fortune.


“We’ve done our best to stay true to it”…Sea of ​​Thieves. Photo: Microsoft

After a shaky start plagued by technical issues, Sea of ​​Thieves found its audience and grew. Since that day in 2018, there have been approximately 100 updates and expansions, including adventures based on Pirates of the Caribbean and Monkey Island. New mechanics like commodities and captaincy add depth to the experience, but Chapman believes the key to the game’s longevity lies in ensuring player agency and supporting roleplay. “We provide players with simple tools and allow them to unleash their creativity,” he says. “We’ve done our best to stay true to that.”

Supporting diverse communities is also crucial. “I think it’s part of the hidden work of creating a shared world,” he says. “When adding a mechanic to a game, the mechanic itself may be simple, but you have to consider how it fits into the shared world, what motivates players, and how players with different styles (PvP or PvE) will use it. Whenever we design a mechanic, we think about how it integrates into the world and how it can potentially create a new meta that will thrive for months and years. Our design team is increasingly focused on this.”

So what was it like facing the prospect of publishing a game to a whole new community? “At a leadership level, when I first heard this as a possibility, I was initially excited. Then I thought, ‘Okay. How do we do this?'” says NEET. “The fact that we had already migrated to another platform, Steam, helped us tackle the technical challenges and engage with different communities in different locations.”


“We’ve really expanded the boundaries of the Sea of ​​Thieves experience”…Sea of ​​Thieves. Photo: Microsoft

“This is the first time in Rare’s 40-year history that we’ve developed on a Sony platform, which is incredible. It was very surreal for us to be presented with a series of slides. But honestly, for our technical team, it was like, ‘Let’s deploy the kit and start experimenting and figuring it out.’ That kind of feeling. I kept it in a secret spot in my studio with a fogged-up window so no one could see. It was more about excitement.”

Nate said Rare was collaborating with co-developers with PlayStation experience, and Sony itself was very supportive, holding regular catch-up calls even when the project was still top secret. The company was ready to dispatch its technical staff whenever needed. “If we had to visit their studio, you guessed it, we had to wear their Sea of ​​Thieves T-shirt,” Neet says.

One of the great benefits of preparing to welcome a new community is that it gives your team a chance to rethink the structure of your game. Season 11 of the game, launched in January, was developed with the knowledge that PS5 players would soon join, so the onboarding system was revamped. Content is now unlocked at a more manageable pace, and a quest board that shows where to find new items that were previously hidden in artifacts and maps offers a more engaging pirate journey. Additionally, Rare is planning to introduce an offline solo mode in its March update. “You don’t need Xbox Live or PlayStation Plus,” says Neate. “If you just want to play solo, you can experience all the content and company advancements in Tall Tales. It’s another way to get hooked on the game before you decide to start.”

However, Rare indicates that while recent efforts have been focused on creating a more user-friendly experience with an eye on the upcoming PS5 community, there are more ambitious plans in the works. “We’ve been expanding the boundaries of the Sea of ​​Thieves experience throughout the last year,” Chapman says. “You can have your own ship. You can join the Pirate Guild. There’s a quest table. A revised tutorial allows you to play Safer Seas and explore all the story content. We’re expanding the game’s boundaries and building on this new foundation. We’ve gained a lot of experience, and it’s crucial to capitalize on it. Enhance your captaincy, strengthen your guild. The upcoming year is all about the sandbox for us.”

Since its launch six years ago, it’s been a long journey, but Chapman and Neet, who have been there from the start, seem as dedicated as ever. “Working on this on a new platform is incredibly exciting,” Chapman affirms. “I believe we’ve positioned ourselves for many more years of game evolution.”

Source: www.theguardian.com

Meta platform experiences widespread outage on Facebook and Instagram

Facebook and Instagram are currently experiencing significant issues as of Tuesday afternoon in the UK, with users unable to log in and feeds not updating. The problem was first noticed around 3:30pm GMT.

Interestingly, Google also faced login problems at the same time, indicating a potential common cause for the outage affecting these two major tech companies that manage their own infrastructure.

Meta’s status page highlighted various disruptions, including a major issue with groups’ admin center and Facebook Login, a service that enables users to sign in to third-party platforms using their Facebook credentials, causing outages on other websites.

By 4pm GMT, Meta updated its status page to show an “unknown” status for most services except the Messenger API for Instagram, while services like WhatsApp and Facebook Ads Transparency page were still operational. However, the meta status page itself stopped working at 4:15 p.m.

In a tweet, Facebook spokesperson Andy Stone acknowledged the ongoing issues and stated that they were working to resolve them.

Google’s ad status page confirmed an outage in its Ad Manager at 3:30pm GMT and mentioned investigating other reported issues. However, Google’s consumer services like search and YouTube were largely unaffected, although login problems did impact some corporate clients, such as the Guardian newspaper.

Systemic internet issues appear to be the underlying cause, with users of various platforms like X and Microsoft’s Teams also facing sporadic difficulties.

This outage is the first major Facebook outage of 2021, attributed to a configuration error in the BGP protocol, which inadvertently removed its address from the internet communication system between servers. Despite a swift discovery, it took several hours to implement and rectify the fix, compounded by the lack of remote access for engineers to resolve the issue.

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Both Meta and Google have been approached for official comments regarding the ongoing disruptions.

Source: www.theguardian.com

Ondo Finance Introduces Real-World Assets and High-Yield Stablecoin USDY to Sui on Blockchain Platform

Grand Cayman, Cayman Islands, February 7, 2024, Chainwire

Ondo’s upcoming integration of Sui will provide native access to new tokenized assets such as on-chain treasuries, securities, and stablecoins.

Sui, a Layer 1 blockchain that has seen explosive growth since its launch eight months ago, today announced that Ondo Finance is expanding into the Sui ecosystem. With this expansion, Sui Network’s first native dollar-denominated token (including stablecoins and interest-bearing stablecoin alternatives) will be available in the form of Ondo USD Yield or “USDY” (a U.S. Treasury-backed interest-bearing token issued by Ondo).

Ondo’s expansion to Sui further builds on Sui’s ferocious DeFi momentum and demonstrates the growth and demand for financial applications and native on-chain functionality. Sui’s DeFi volume has increased over 1200% since October, and Sui recently ranked in the top 10 of his DeFi ecosystem as measured by TVL.

Ondo Finance is the third largest platform bringing tokenized derivatives of real-world assets onto public blockchains, with $185 million in new TVL launches in the first week of late January There is over $1 billion in governance token transactions. In addition to stablecoins, Ondo’s flagship Treasury-backed tokens, tokenized securities, and real-world assets create countless new opportunities for Sui-based teams.

Ondo’s expansion into the Sui ecosystem also continues the trend of top projects actively choosing to integrate into Sui. For example, in December 2023, Solend, the leading Solana lending protocol, announced the launch of a Sui-native lending protocol, and decentralized derivatives exchange Bluefin similarly announced the launch of V1 Arbitrum to focus entirely on Sui. Implementation finished.

“People using our platform expect fast and efficient transactions, which should be essential for any blockchain project,” said Nathan Allman, Founder and CEO of Ondo. ”. “Sui’s growth and network performance clearly confirms that the network is a great fit for his Ondo ecosystem.”

Tokenized Treasury products represent tradable tokens backed by real-world assets, and their presence on Sui is an important step toward growing DeFi across the ecosystem and industry. It becomes.

“Ondo is an amazing addition to the Sui ecosystem, creating new opportunities for Sui builders and developers, and creating a stablecoin-like offering with native yield that provides essential new functionality to users of their applications. Provide assets.” Sui Foundation. “Sui’s DeFi volume is already growing at an incredible rate, and the addition of Ondo will make that trajectory even stronger. I'm looking forward to seeing how you use it.”

contact

Sui Foundation
media@sui.io

Source: the-blockchain.com

OpenAI prohibits bot mimicking US presidential candidate Dean Phillips from its platform

OpenAI has taken down the account of the developer of an AI-powered bot that pretended to be US presidential candidate Dean Phillips, citing a violation of company policies.

Phillips, who is challenging Joe Biden for the Democratic nomination, was impersonated by a bot using ChatGPT. dean bot site.

The bot is backed by Silicon Valley entrepreneurs Matt Krysilov and Jed Summers, who are supporting Phillips with a superpack called “We Deserve Better” that funds and supports political candidates. An organization to do this has been established.

San Francisco-based OpenAI announced it has removed developer accounts that violated its policies against political campaigning and impersonation.

“We recently terminated developer accounts that knowingly violated our API Usage Policy, which prohibits political campaigning, or that impersonated individuals without their consent,” the company said.

The Phillips bot, created by AI company Delphi, is currently disabled. Delphi has been contacted for comment.

OpenAI Usage policy It says developers who use the company’s technology to build their own applications must not engage in “political campaigning or lobbying.” It also prohibits “impersonating another person or entity without their consent or legal right to do so,” although it is unclear whether Minnesota Congressman Phillips gave his consent to the bot.

A pop-up notification on the dean.bot website describes the “AI voice bot” as “a fun educational tool, but not perfect.” It added: “Although the voice bot is programmed to sound like him and elicit his ideas, it may say things that are wrong, incorrect, or shouldn’t be said.” I am.

washington post, The ban was first reported by, reported that Krysilov asked Delphi to remove ChatGPT from its bot and instead rely on freely available open source technology. We have reached out to Krysilov, a former OpenAI employee, for comment.

We Deserve Better received $1 million in funding from billionaire hedge fund manager Bill Ackman, who put it in a post to “It’s the biggest investment I’ve ever made.”

Mr. Phillips, 55, announced his candidacy for president in October, citing Mr. Biden’s age and saying he should be given the opportunity to mentor younger generations. Mr. Phillips, who was campaigning in New Hampshire on Saturday, described Mr. Biden as “un-electable and weak.”

There are concerns that deepfakes and AI-generated disinformation could disrupt elections around the world this year, with the US, EU, UK and India all planning to vote. On Sunday, the Observer reported that 70% of British MPs are concerned that AI will increase the spread of misinformation and disinformation.

Source: www.theguardian.com

Innovate with Azure: 5 Key Factors to Ensure Your Business’ Cloud Platform is Future-Proof



The world is on the brink of a productivity revolution

The world is on the brink of a productivity revolution, as artificial intelligence (AI) creates a new wave of opportunity for businesses of all sizes. Whether it’s using chatbots, more advanced AI, uncovering deeper insights into customer needs, or speeding up product development, you’re missing out on the improved outcomes that AI can bring. No company wants that. For some organizations, generative AI tools are emerging, such as: Chat GPT and Daruiis increasingly making business cases for adopting AI strategies to generate content and images. But while business leaders want to maximize the benefits of technology, they also need to understand the broader responsibilities that come with it (including considerations around data privacy, unintentional bias, copyright infringement, etc.) and how to do so. You also need to. Most of the opportunities are rapidly evolving. To help board executives and IT leaders drive success with their AI strategies, Michael Wignall, director of infrastructure for Microsoft’s Azure Business Customer Success unit, recommends what leaders need to do before leveraging AI. Here are the first five steps you should take.

1. Make AI part of a broader cloud computing strategy

First and foremost, Wignall says companies should consider working with established technology providers. AI works best when it’s part of a broader cloud computing strategy. This means IT operations are outsourced to an outside company that operates the data center. Microsoft Azure he says. “AI is born in the cloud. To take advantage of this wave of innovation, you need to be in the cloud,” he added. He points to his three main components of AI: computing power, data, and algorithms, all of which are best provided through cloud services. He believes companies should adopt a “cloud-native” approach, where the entire AI infrastructure is built on a cloud platform. Such an approach offers many benefits, including: Reduce costs by paying only for the resources you use, rather than maintaining and updating expensive on-premises equipment. Flexibility and scalability. Customers can easily add or remove resources as needed. Access to enhanced security tools. This allows you to better detect, assess, and alert on threats to your customers’ data. As with cloud data, you can easily back up your data and quickly restore it in the event of a failure or disaster.

2. Find the data

Next, businesses need to have a solid understanding of where their data resides within their organization and move it to cloud platforms. The success of AI depends on analyzing relevant data at scale. To fine-tune AI for best performance, AI should be powered by your company’s own data from customer lists, inventory, sales information, financial data, and other key data. “It’s important to make sure your data platform and data strategy is the best it can be, and that you know where your data is and how to access it,” he said.

3. Protect your data

Once the cloud infrastructure is in place and the associated data has been migrated, the next critical step is to secure that data. With all of a company’s important data in one place (the cloud), it’s important to have peace of mind in the presence of multiple threats, such as hackers. “Make sure you’re protected with best-in-class security features, clearly defined policies and governance around who can access your data, and the ability to audit how your data is handled,” he said.

4. Decide which functions and tasks to use AI for

Once the infrastructure, data, and security are in place, companies can move on to determining the best uses for AI, such as automating office processes, extracting insights from data, and handling copywriting and a variety of other tasks. Masu. For the past five years, general AI has provided so-called “cognitive services” such as data analysis and product recommendations. Generative AI takes technology to a new level. With a few keystrokes, users can create content such as reports, ads, images, copy, automated emails, and personalized user connections. Generative AI can also analyze large volumes of documents, call center logs, and financial results and summarize information with short precision.

5. Implement a responsible AI policy

Once a company takes these steps, it is ready to deploy an AI strategy. However, before launching, companies should ensure they have responsible AI policies in place across the board. Businesses ensure that AI is free from embedded bias, that there is good governance around its use, that AI is used ethically, and that there are no unintended or undesirable consequences is needed. Microsoft provides responsible AI policy guidance and provides tools to check for bias, ensure inappropriate data is filtered out, and perform sentiment checks to scrutinize output. Ultimately, however, it is essential that companies ensure they have responsible AI policies in place. While many organizations are just beginning their AI journey, Wignall summarizes the mindset companies should adopt when considering AI: Partnership is key. Cloud is the key. Prioritize the business benefits that matter to your organization. And start today.


Source: www.theguardian.com

Africa’s Biggest B2B e-commerce Platform MaxAB in Discussion to Merge with Wasoko

Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce company with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge, TechCrunch exclusively learns from multiple sources. I got it. They said negotiations are still ongoing and the agreement has not yet been finalized.

The merger talks come as African B2B e-commerce companies continue to downsize due to lack of funding. Wasoko is no exception. The company recently carried out its largest ever layoffs, affecting most of its employees in Kenya, including some executives. Earlier this year, the company exited the Senegal and Ivory Coast markets and closed locations, including one in Mombasa, Kenya, as it sought profitability.

Additionally, our sources say Wasoko closed a $125 million round last year, with the funds scheduled to be released upon reaching set milestones. TechCrunch has learned that the company received just $30 million when merger talks, said to be investor-led, began. Wasoko has raised a Series B round from institutional investors including Tiger Global and Avenir at a post-money valuation of $625 million.

Like Wasoko, MaxABa food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers in Egypt and Morocco, has raised over $100 million in funding, including DisruptAD, BII, Sources said the company is in talks with existing investors to raise a bridge round this year, including $55 million in Series A and $40 million in pre-Series B from Silverlake.

MaxAB is the largest player in the B2B retail and e-commerce market in Egypt and North Africa. The company acquired YC-backed Waystocap to expand in Morocco, and the supposed threat Capiter shut down amid a conflict between its founders and investors.

Last year, a merger between MaxAB and Wasoko, both asset-heavy B2B e-commerce startups, seemed unlikely. In discussions last year with MaxAB CEO Belal El Meghaber and Wasoko CEO Daniel Yu, there was no indication that they were considering any form of merger. MaxAB’s post-pre-Series B plans are focused on leveraging its network and relationships with local and multinational suppliers, with the aim of full distribution in Morocco and expansion into Saudi Arabia by the end of the year. Meanwhile, Wasoko was looking to expand in West Africa, aiming to expand its product offering to include point-of-sale systems, bill payments, and social commerce.

MaxAB does not have a presence in Saudi Arabia, at least according to its website, while Wasoko has expanded into two West African markets, Ivory Coast and Senegal, to complement its operations in East Africa’s core markets of Kenya, Tanzania and Uganda. Not doing business. And Rwanda. His eight-year-old B2B e-commerce company has since expanded to Zambia and the Democratic Republic of Congo.

Continues further

Source: techcrunch.com

Medallion Platform Raises $13.7 Million to Connect Artists Directly with Fans

medallion is a platform for artists to have a dedicated digital hub to promote album releases, tour dates and merch drops, as well as sell digital collectibles and share exclusive content to connect deeper with fans. You can also foster connections. The company announced today that it has closed $13.7 million in Series A funding, co-led by Dragonfly and Lightspeed Faction.

Musicians are increasingly seeking direct ownership in their communities and avoiding third-party platforms that can complicate managing interactions with fans. From a fan perspective, there are many ways to follow and connect with artists, but with minimal online interaction.

Matt Jones, co-founder and CEO of Medallion, said: “Streaming has opened up access to music and social media, creating new channels for direct distribution, but artists and fans “The full potential of direct connections has not been exploited.” “Medallion’s artist-centric approach and focus on digitally native fan experiences are helping usher in a new era of transformation for artists.”

Medallion hopes to use this significant funding to address what many artists consider to be a major gap in the music industry: the lack of control and lack of direct connection when it comes to online relationships with fans. I am. The company plans to use this new capital to introduce new early access opportunities such as listening to previously released music and offering advance tickets, among other member benefits such as “video premieres and new updates.” He explained. Artists will soon be able to sell new exclusive and limited edition digital collectibles/NFTs such as poster bundles and trading cards.

Medallion recently introduced a new earning opportunity for artists in the UK, Australia and Germany: ‘Digital Deluxe’. This allows artists to sell digital versions of their music albums with built-in music players and downloadable audio, images, and videos. Artists can also sell physical items through an integration with Shopify.

Medallions are free for artists to use, but will account for a portion of all sales on the platform, an amount that was not disclosed. It is built on blockchain and allows users to sign in using email or their wallet provider (Rainbow, Coinbase, WalletConnect).

Additionally, Medallion is a white-label platform, meaning artists can customize their digital spaces with their own color themes, backgrounds, and more. When fans set up an account, they claim something like a unique digital collectible or membership card called a “medallion” that grants free access to the community. For example, Greta Van Fleet’s symbol is her spinning 3D gold ring.

Artists communicate with fans through social media posts, and fans can respond with comments. Some artists may also request that the community submit concert footage, photos, etc. to share with the community and further encourage fan engagement.

There are currently 20 artists using Medallion to power their fan communities. jungle, Greta Van Fleet, Illenium, disclosure, Tiga, mount joy, Tycho, my morning jacket, girl in red clothesand Sigur Ros,especially

“We have partnered very closely with a small number of select artists over the past year to help us test and refine core product features. This platform is not yet open to all artists. However, we continue to invest in technology and platforms that will ultimately allow us to expand across the industry. At the moment, we are primarily focused on being among the top 10,000 artists on streaming platforms and being highly engaged. I work with independent-minded artists who have huge fan bases,” Jones said.

The company plans to expand the platform’s availability to hundreds more artists in 2024, but it won’t be widely available until 2025 or later.

The medallions are presented by Jones, Mark McIntyre (CTO), Josephine Yu (CPO), Jesse Belin (VP of Operations), Adam Ray (CFO and General Counsel), Ash Pampati (VP of GTM), Co-founded by Tom Milway (Vice President). Design) are all technology, e-commerce, and music industry veterans with experience at Songkick, Instagram, YouTube, Spotify, Grailed, Warner Music Group, and Live Nation.

Other investors in the round include Coinbase Ventures, Infinite Capital, J17, The Chernin Group, Third Prime, and Zeal Capital, as well as music industry investors Bill Silva Entertainment, Black Squirrel, Foundations Artist Management, Method; Includes TAG Music. Medallion also has support from top artists such as Jungle, Mount Joy, Guy Lawrence (Disclosure), and Tiga.

The company has raised $22 million to date.

“Artists are beginning to understand that they are brands, not just content creators, and as a result, they are building multimodal businesses that go beyond just music and content,” said Dragonfly General Manager Partner Rob Haddick said in a statement.

Source: techcrunch.com

Fandime NFT Launched by AR Platform to Provide Exclusive Movie-Related Rewards for Users

Traditionally, being a hardcore movie fan means collecting physical memorabilia, such as autographed posters, to demonstrate your dedication. But in recent years, many companies have begun betting on digital collections to become symbols of fan devotion.

Really (formerly known as Moviebill) — an AR platform offering digital collectible movie tickets and interactive experiences related to the latest blockbuster movies — announces partnership with blockchain platform avalanche It helps power “Fandime” NFTs, a new way for movie studios to engage with audiences. The company announced today that it is expanding AR Collection tickets to theater partners in the Asia-Pacific region, including Japan, South Korea, Australia, Philippines, Thailand, Malaysia, and Singapore.

There are three ways to earn Fandime tokens. These include attending movie theaters and events, purchasing merchandise, and interacting with Really’s AR experiences, including weekly trivia, scavenger hunts, and the “Pop-A-Corn” game where you toss kernels into a popcorn bucket. Users can also purchase Fandime directly in the Really app (iOS and android device).

Each Fandime gets a unique blockchain-based ID, created on Avalanche’s blockchain network and stored in the user’s Really account.

Users can redeem Fandime for digital perks, movie-related AR content, special opportunities, and “AR trophies, wearable face filters,” the company said. Tokens can also be used in Really games, such as extending play time in Trivia or gaining extra lives or levels in the Bucket Toss game.

Amazon-MGM Studios has already launched a collection with Really, likely to promote less mainstream films such as “American Fiction,” “The Boys in the Boat,” and “The Beekeeper.” It’s probably part of their marketing strategy. Moviegoers who collect all three AR tickets will win an exclusive His Fandime token. The production company recently unveiled AR collectibles for the hit psychological thriller Saltburn.

Image credits: Really

“Augmented reality is the future of content and media. Blockchain is the future of data. We believe that by combining these two things that Really is doing today, we can stay ahead of the game.” James Andrew Felts, founder and CEO of Really AR, told TechCrunch. “Specifically, augmented reality brings an entirely new user interface to how we interact with the digital world. As we move from 2D screens like smartphones and desktop computers to 3D screens like headsets and holograms, will become more tactile and more personal. Blockchain unlocks the ability to make digital files truly yours, just like physical objects and items in the real world. In many ways, the intersection of Web3 and AR will make our digital world more human and more accessible.”

Next year, Really will expand the ways users can earn Fandime tokens and redeem rewards. For example, users will be able to purchase movie tickets and merchandise, receive discounts, and collect Fandime tokens through their Really account while watching content at home.

In the long term, Felts revealed to us that Really plans to create original AR content and expand into other areas outside of the entertainment industry.

“We plan to roll out ‘Really Originals’, the first AR stories on the market that you can experience on your coffee table or in your backyard… Our digital collectibles program will expand into other sectors such as travel, retail, etc. “Ultimately, this content network will also be a place where brands can deliver 3D messages to their audiences at scale.” Told.

Really was founded in 2017 and gained the most attention from movie fans after partnering with. Regal Cinemas We will begin exclusive AR content such as interviews and AR games in preparation for the release of “Avengers: Infinity War”. To date, Regal’s customers have enjoyed his work across 200 wide-release films, including modern titles such as “The Marvels,” “Napoleon,” “Killers of the Flower Moon,” and “Wish.” We claim Really’s AR collection of over 4 million pieces. others.

“Initially, our goal was to provide the ultimate entertainment experience to our most loyal customers, those who were willing to spend a premium price for premium content. At the time, AR was the most advanced way to display content. Looking back, we were ahead of the curve, and now that AR/VR is mainstream, we can leverage our technology to provide an immersive experience for moviegoers. and bring people to the theater on a large scale.”

Source: techcrunch.com

Spiff, an automated commission management platform, acquired by Salesforce

sales force is announced plan to obtain Spiff, a platform that automates commission management for sales teams. Terms of the deal were not disclosed.

Founded in 2017, Spiff provides a low-code interface designed to help companies easily create sales compensation plans that automatically update based on talent meeting pre-agreed goals. . Native integration with popular enterprise CRM and ERP systems allows you to handle the most complex commission structures, including any conditions to trigger a payout, while giving sales reps the ability to see in real-time the commissions owed. He Spiff says.

The Salt Lake City-based startup invested in Spiff’s Series B round in 2021, including a cash infusion from Salesforce’s own venture capital firm Salesforce Ventures, which previously led a $50 million Series C round. , which has raised more than $110 million in its six-year history. this year.

Spiff

Spiff image credits: Spiff

Once the acquisition is complete (expected within the first few months of 2024), Salesforce says it plans to bring Spiff to life internally. Sales performance management The software is a CRM connectivity product that connects customer and sales team data.

It’s worth noting that both companies have a history that goes beyond stock investments. Spiff becomes available It has been available on the Salesforce AppExchange for several years.

The deal is also the latest in a series of ecosystem companies that Salesforce has ultimately brought in-house. Back in September, Salesforce acquired Airkit, a low-code platform for building AI customer service agents. Airkit’s founders have previously exited Salesforce by selling a big data startup called RelateIQ for his $390 million in 2014, as well as Salesforce Ventures, which he founded in 2017. Since then, I have invested in Airkit several times. And like Spiff, Airkit was also available. On AppExchange.

So it’s clear that Salesforce continues to view proven ecosystem companies as a safe option for its M&A efforts, and that “low code” is also a key element.

Source: techcrunch.com

Tamara, a BNPL platform and shopping giant in Saudi Arabia, achieves $1 billion valuation following $340 million Series C funding round

Tamara, the buy-now-pay-later platform for consumers in Saudi Arabia and the Gulf Cooperation Council region, has recently completed a C round of funding that raised $340 million. This recent funding brings the company’s valuation to $1 billion, making it the first fintech unicorn startup in the region. SNB Capital and Sanabil Investments led the Series C round, alongside other backers such as Shorooq Partners, Pinnacle Capital, and Impulse. This round includes primary capital and some secondary equity transactions, marking one of the largest investments in fintech in the region. Tamara has raised a total of $500 million in equity funding, including secondaries, and over $400 million in debt funding.

Established in 2020, Tamara has quickly gained traction and currently boasts over 10 million users in Saudi Arabia, UAE, and Kuwait. The platform allows consumers to shop, pay in installments, and make bank transfers, and it has partnered with 30,000 merchants, including popular names like SHEIN, IKEA, Jarir, Noon, eXtra, and Farfetch.

The rise in popularity of buy-now-pay-later services in Saudi Arabia has seen significant growth, driven by the booming e-commerce market. According to a report from last year, the number of registered customers for BNPL services increased from 76,000 in 2020 to 3 million in 2021 and 10 million in 2022. With Saudi Arabia’s huge potential for digital payments, the market is expected to grow significantly in the next few years.

CEO Alsukhan emphasized the importance of building a customer-centric payment solution and the platform’s commitment to Shariah compliance. Tamara prides itself on offering a friendly and transparent service, focusing on avoiding unnecessary fees and helping customers make timely payments by offering risk management tools and options based on their financial capabilities.

Tamara’s long-term vision includes expanding its revenue sources and introducing new products and services beyond buy-now-pay-later. The platform plans to strengthen its integration into the shopping journey, introduce a buyer protection program, and enhance its card functionality for in-store transactions.

The recent funding not only represents a significant milestone for Tamara but also signals the region’s growing potential in the fintech industry. As the first homegrown unicorn in the Gulf, the company’s success reflects the supportive ecosystem, financial backing from local and international investors, and a strategic focus on customer satisfaction and compliance.

Source: techcrunch.com

Jagat, a location-centric social platform emphasizing in-person connections, crosses 10 million user mark

Jagat, a social network designed to help you get out more with friends instead of mindlessly scrolling on your phone, has over 10 million users worldwide. Launched in March earlier this year, this location-based social network wants to help people focus on real-life connections and make friends.

The app is basically a social map that shows you your friends and nearby activities. Jagat features an interactive map interface that lets you stay in touch with friends and discover new people and activities around you in real time. Jagat is a bit similar to Zenly, the social mapping app owned by Snap that went out of service last year.

The startup is based in Singapore and Indonesia and was founded by Jagat president Barry Beagen and CEO Loy Xing Zhe. The two met in December 2021, when Biegen was advising the Indonesian government on digital economy policy and Zee was working on GameFi products focused on Web3, social, and gaming. Biegen said both he and Zee had the idea of ​​building a social network.

“We had the same vision of taking on big tech and really building something that could take on the world from Southeast Asia,” Begen told TechCrunch. “We were also fed up with mainstream social apps that were becoming more passive, and we were also fed up with mainstream social apps that were becoming more passive, and more spontaneous ways to explore the world and places and meet new friends, such as hiking, local concerts, and friend-picking.” We were both really excited about finding ways to do things differently, whether it was playing a basketball game or just going for a long walk.”

The two decided to build a social network where users could create their own spaces and interact virtually with avatars.

The social map is what you see when you open Jagat and shows you the location of your friends in real time. It’s also where you can track where you’ve been and tap your friends’ avatars to send them messages, stickers, and updates. Jagat sees maps as the primary interface for discovering activities and people around you. See your friends’ status updates in real time and know what they’re up to.

jagat 2

Image credits: Jagat

The startup is currently building features aimed at competing with Facebook Groups by allowing users to organize local events and find people with similar interests. We’re also building the ability to explore beyond your local community by enabling you to discover a global community.

“We want to bring social back to social apps, focusing on social networking rather than media,” Biegen said. “We want to care about people, not posts. We want to be close friends, discover new friends, and connect with people in real life instead of scrolling through for entertainment.” It’s built to help you get more. We’re excited to see that other new social apps are also taking on this challenge. Mainstream social media is no longer about making friends and making connections; is passive consumption of entertainment. That’s why we’re focusing on features that allow users to share real-time, unsophisticated updates in a fun way.”

Biegen said most active users check the app three to four times a day, and most people want to know where their closest friends and loved ones are after school or work. . Instead of sending a text message to see if a friend is nearby and wants to grab dinner, the app lets you see where they are.

Approximately 85% of Jagat users are Gen Z. Since its release, the app has topped the charts in Japan, Taiwan, Vietnam, Spain, France, and Singapore. Biegen said the app’s appeal is universal and the startup will continue to develop it into the next generation.

The company closed a Series A funding round in October with participation from Southeast Asian investors, but declined to disclose the amount raised.

Looking to the future, Biegen said the startup wants to build “the next generation of default apps.” “We believe social apps should create real, authentic connections and deliver on the promise of connecting people in real life. In the meantime, we’re building new and exciting features and are committed to helping our community We’re focused on continuing to build, and that what we’re building – expanding social experiences on maps – is empowering a new generation of creators and businesses around the world. I believe we can do it.”

Source: techcrunch.com

The beta version of MrBeast’s analytics platform ViewStats has launched.

Top US YouTuber MrBeast (Jimmy Donaldson) co-founds new analytics platform Viewing statistics, currently available in beta. similar to tools like social blade ViewStats uses the YouTube API to expose detailed statistics about your channel that can be viewed by both creators and fans.

It’s no coincidence that MrBeast has become one of the highest-paid creators of all time. He pays close attention to every detail of his videos. He recently did an A/B test to see whether a video performs better with thumbnails with open mouths or thumbnails with mouths not open (apparently, thumbnail with closed mouth win). So if he thinks certain metrics are essential to an analytics platform, they’re probably important.

Founded with creator Chucky Appleby, who works with MrBeast, ViewStats differentiates itself with this star power. Celebrity-backed startups aren’t as big as they seem, but star power in this case shouldn’t be underestimated. I myself witnessed this phenomenon when I attended a panel discussion hosted by MrBeast about understanding the YouTube algorithm. Seats filled up quickly and so many people turned away at the gate that VidCon probably could have given him a room twice his size and still get an overflow line. We wanted to hear the opinions of all creators, regardless of genre. This is what the algorithm king had to say.

Similar to Socialblade, ViewStats displays basic information such as number of subscribers, estimated monthly ad revenue, number of video views, and how those numbers fluctuate over a period of time. ViewStats is also available as a Chrome extension. applebee said More tools will be added to the platform in the future, including a thumbnail analysis tool. It’s not clear at this point how the platform plans to monetize, but Socialblade is monetizing certain more advanced analytics by putting them behind a paywall.

according to tube filter, ViewStats is a separate company from MrBeast, LLC. Both MrBeast and CEO Appleby funded this effort with their own money.

Source: techcrunch.com

TUNL, a South African e-commerce startup, secures funding to boost expansion of export platform

tunnelSouth African parcel delivery platform has secured $1 million in pre-seed funding from investors including Founders Factory Africa, Digital Africa Ventures, E4E Africa and Jozi Angels.

The platform claims that e-commerce merchants can save between 50% and 80% on international shipping costs, and the funding will fuel expansion in its key market South Africa, as well as launches in other key African countries. He said that he would lay the foundation for the Emerging markets.

CEO Matthew Davey cum COO craig lowman Mr Davey founded the company in 2022 after seeking a solution to the challenges he faced as managing director of a Dutch company importing South African engineering materials into Europe. In his interview with TechCrunch, Davey said the process of moving these materials is cumbersome and expensive, and his experience shows that transportation costs are widespread, especially for small and medium-sized businesses in emerging markets like South Africa. I’ve come to recognize the problem.

Current challenges in cross-border transportation are costing African businesses an estimated $50 billion a year in missed opportunities. The founders of TUNL identified a recurring problem among small and medium-sized traders in South Africa during the pandemic. That meant that shipping costs could exceed the value of the item. This also applies to high-quality goods such as textiles, clothing, footwear, camera accessories, and specialty components, despite the presence of major courier services such as DHL, UPS, and FedEx.

Typically, Cape Town sellers offer only one shipping option, such as DHL, to customers looking to purchase goods abroad. For example, a backpack might cost $60, and shipping from South Africa to the US could be about the same, $50-60, which could negatively impact your conversion rate. What TUNL has done is partner with delivery services like UPS and FedEx to ensure reasonable rates and subsidize shipping costs for small and medium-sized businesses by 50% to 75%.

“Our pricing is fully transparent and democratized. We want every business, large or small, to be able to transform their international sales by reducing shipping costs as much as possible. We want to make sure they have an equal opportunity to do the same,” Lowman said in a statement.

On the TUNL platform, sellers offer a variety of shipping options to their customers at checkout. This includes an “economy” option that incorporates shipping costs into the product price, allowing free shipping via TUNL’s courier service and slightly longer delivery times (approximately 10-14 days). Reduce cart abandonment at checkout. Alternatively, customers can choose expedited shipping options (within a week) via FedEx or UPS for a more reasonable price, such as $10 for the same backpack, allowing for more flexibility and potentially higher exchange rates. (The exact price may vary depending on destination and weight, but Davey says this is a consistent approximate number).

“It’s all about helping sellers succeed,” said the CEO. “Because if there’s only one expensive shipping option at checkout and the customer has two choices, they’re not going to buy it. “They can decide to abandon their cart or pay up.” “But when you introduce two shipping options, especially a free shipping option, human psychology forces the customer to choose one of the two, rather than abandoning the cart. .”

Primarily, South African e-commerce merchants using TUNL tend to ship most of their goods to the US, UK, Europe and Australia. Two-thirds of the shipments end up in the United States, Davey said. TUNL, which competes with Ivorian startups and platforms such as DHL partner ANKA, has grown 35% month-on-month since its launch and now has more than 700 merchants in its “delivery club.” TUNL’s merchants shipped more than 8,000 international parcels in 2023, representing R19.5 million worth of exports from South Africa, the company said in a statement.

The two-year-old e-commerce platform makes money by taking a margin from orders placed on its platform. The products we handle are wide-ranging, including backpacks, fashion shoes, arts and crafts, books, nanofiber materials, high-performance springs, various furniture, musical instruments, cosmetics, and other preserved foods. South Africa is known for its wine industry, with exports reaching 368.5 million liters last year. And although the transport of wine (alcohol) is not yet included in TUNL’s export items due to existing restrictions, Davey said the startup is now one of South Africa’s largest wine subscription businesses and its business He said he is in discussions about the possibility of participating. .

“We are getting a message from our merchants that we have transformed their business. They are adding new employees and growing because of us. So if our merchants are only serving the South African market, “It’s a win-win for the ecosystem to make people feel like they can look at the world as a market, rather than the only market they can serve,” he said. “We help merchants grow internationally just as we help them succeed, because the overseas consumer market is much larger than the domestic market for these types of products. ”

Davey said TUNL, which makes about $60,000 a month, will now focus on using the seed funding to improve sales and the onboarding process for new franchisees. In particular, the onboarding experience has been streamlined, relying primarily on customer support assistance and taking a more self-service approach.

Source: techcrunch.com

Elon Musk reinstates Alex Jones and Infowars on X platform following user poll

Elon Musk has restored the X account of conspiracy theorist Alex Jones and his media site Infowars. Jones and his Infowars X account were “permanently banned” from Twitter by his former management in 2018 for posting abusive content and violating the platform’s rules.

On December 9th, Musk ran a user survey on X asking whether it would be appropriate to bring Alex Jones back to the platform. Nearly 2 million people voted, and about 70% said Jones’ account should be restored. Hours after the poll closed, the company reactivated Jones’ account. Infowars accounts had also been restored at the time of publication.

After posting the poll, Musk agreed with users who argued that a permanent ban on his account would be “against free speech.” “It’s hard to agree with this,” Musk said.

When a user raised concerns about misinformation circulating on the platform as a result of restoring Jones’ account, Musk pointed to a community note that said parts of the program “need to be fixed.” We will respond promptly to AJ’s post.”

Jones is notorious for spreading conspiracies surrounding the 2012 Sandy Hook school shooting, which killed 28 people. The conspiracy theorist was charged and had to appear in court claiming the shooting was staged.a court in connecticut ordered Jones pays $1.5 billion in damages last year.

Musk’s move comes as X struggles to retain the biggest advertisers on its platform. Prominent companies including Apple, Disney and IBM stopped advertising spending on social networks after Musk called anti-Semitic theories “actual truth.”

He later clarified and apologized for his comments, calling them “stupid.” But Tesla’s CEO wasn’t happy with people opting out of advertising on X. In a conversation with journalist Andrew Ross Sorkin at the DealBook conference, Tesla’s CEO told advertisers to “fuck off already.”

“If someone’s going to blackmail me with an ad, blackmail me with money? Fuck it,” Musk said. “Go. Shit. Yourself. Is it obvious?

He also mentioned Disney’s Bog Iger, who also spoke at the conference. In the same interview, Musk said the advertising boycott was going to “crush the company” and that those who conducted the boycott would be responsible for the company’s eventual demise.

Restoring Jones and Infowars’ accounts could raise further eyebrows and frustrate advertisers and others who monitor hate speech. In response to users, the owner of X acknowledged that while the repair could be financially detrimental to the platform, “principle is more important than money.”

After Musk took over X, he reinstated a number of controversial figures, including singer Kanye West, former US president Donald Trump, far-right influencer Andrew Tate, and right-wing scholar Jordan Peterson. I’ve let it happen.

Source: techcrunch.com

Robinhood launches stock trading platform in UK as its first international market

We knew it would happen, but stock trading platforms robin hood has finally opened in the UK, its first international market since debuting in the US more than a decade ago. Robinhood is giving early access to the app to those who join its waiting list from today, with plans to gradually roll it out to everyone across the UK in early 2024. The Menlo Park, California-based company began preparing to launch in the UK about five years ago, began recruiting locally and eventually launched a waiting list of users in late 2019. Then, it suddenly withdrew in mid-2020. The company didn’t actually provide a full explanation for the decision, only saying that “a lot has changed in recent months” and that it wants to focus on its U.S. business. In fact, the company is accused of misleading customers; Use cynical gamification strategies To lure inexperienced users into risky transactions. There is also I got hit a few times multi-million dollar fine that’s all System stopped and other misdemeanors. And tragically, 20-year-old student Alex Kearns died by suicide after first glance Misunderstanding negative balance of $730,000 to his Robinhood account and ultimately to the company. Settlement of a personal lawsuit brought by his family. Despite this, Robinhood became a publicly traded company in mid-2021. The company currently claims to have 23 million users in the country, but much of this growth was driven by boredom in the early days of lockdown as people were stuck at home, with monthly users at 11.7 million in December 2020. Six months later, the number had increased to more than 21 million. Remember meme stocks? Yes, Robinhood was the main protagonist of that whole affair. So what does this mean now that Robinhood is trying again to expand internationally? “We certainly learned from our last launch attempt and have grown and matured as a business to the level of 23 million customers, $87 billion in assets, and a publicly traded company.” Robin Sinclair Robinhood UK CEO explained to TechCrunch. “We have also built technology that allows us to scale up internationally.”

But much has changed elsewhere since Robinhood’s last launch attempt. A number of local companies are starting out and gaining traction, most notably the Richard Branson-backed Lightyear, which started by allowing British consumers to trade US stocks, before going on to support European users and stocks. expanded to. And then there’s Freetrade, where Sinclair was managing director for Europe before joining Robinhood this summer. Freetrade supports UK-based traders investing in US and European stocks and is preparing to expand Coming soon to Europe. It’s these young startups, rather than the old, dusty traditional financial services companies, that Robinhood will most likely go after first. hargreaves lansdowne. “Robinhood’s appeal in the U.S. has been to a younger, tech-savvy demographic seeking access to the stock market.” david blairCEO of a fintech consulting company 11FS And the co-sponsors are Fintech Insider Podcasthe told TechCrunch. “It is likely to appeal to a similar audience in the UK who have previously felt that stock market prices and access barriers are too high. We can see it targeting more investment savvy users, such as Hargreaves Lansdown users with large investment wallets.” Robinhood, for its part, has been buzzing about expanding into the UK for much of this year. The company announced its third quarter results this month. Confirmed The company plans to launch brokerage operations in the UK soon, followed by cryptocurrency trading in the European Union (EU) market. The first of these promises has now come true, allowing UK consumers to trade thousands of US stocks, including big names such as Apple, Amazon, Microsoft and Meta. Users can place trades during standard market hours. This is 9:30 AM to 4 PM Eastern Time (ET), or 2:30 PM to 9 PM UK Time.Outside of those hours, Robinhood 24 hour market Users call limit order It runs 24 hours a day, 5 days a week, from 1am Monday (UK time) to 1am Saturday, covering 150 different stocks. In addition, the company has American Depositary Receipts (ADR), customers can invest in foreign companies such as: please do not Traded on US stock exchanges. lessons learned Despite the small neo-broker boom since Robinhood’s aborted launch three years ago, Sinclair says his company is in a strong position to take advantage of a market that is still relatively nascent, and that the past 10 I believe we can rely on the experience we have accumulated over the years in the United States. “I think the UK is a great opportunity. In fact, the market hasn’t really disrupted yet,” Mr Sinclair said. “The look and feel is the same as before, traditional brokers dominate with high commissions, and that hasn’t changed. So the opportunity still exists. We have benefited from a mature platform, added many products and features, and learned from our 23 million customers.” While the company has faced intense scrutiny in the US for how it targets inexperienced traders, Robinhood is applying its lessons to the UK, offering in-app guides, tips, tutorials, data and market news. and provides tools for budding traders. Invest wisely without context-switching between multiple information sources. At least you won’t use up all your savings. “This is all about facilitating all the research and all the information for customers before they make a trade and bringing it together in one place so they can guide their investment strategy going forward,” Sinclair said. Ta. Robin Hood Education: image credits: Robin Hood What’s clear from all of this is that Robinhood is trying to get back on track after failing in its domestic market. For example, the company initially introduced 24/7 chat, email and phone support in the UK. But Blair said that despite recent efforts to improve its image at home, the company may still struggle to recover from recent controversies. “Robinhood experienced tremendous growth in the U.S. during the peak of COVID-19, when everyone was spending more time indoors and online,” Blair said. “They benefited from a wave of hype about their product and brand, but then they suffered a huge blow with the suicide of a 20-year-old customer and have never fully recovered since. Educating customers about the product Much has been written about Robinhood’s commitment to keeping customers’ funds safe in the stock market, and despite investing more in customer education through products and content, its reputation is perhaps not entirely clear. I haven’t recovered since.” But two years after going public, the most obvious way for Robinhood to grow is to enter new markets, and as one of the world’s major financial centers, it’s highly unlikely that the UK would make the first move. It stands to reason. “The UK is a very attractive market for fintech for a number of reasons: a strong and supportive regulator, a significant high net worth population that is passionate about fintech, a large pool of talent and potential partners and suppliers. “The whole picture of other fintechs and banks available as well,” Blair said. show me the money Robinhood promises commission-free trading and foreign exchange (FOREX) fees, and there are no account minimums (meaning users don’t have to deposit x amount to use the service). This all sounds great, but it begs one simple question. That’s how Robinhood makes money. In the United States, the Securities and Exchange Commission (SEC) criticized robinhood For misleading customers about the method of revenue. In fact, Robinhood is commission-free, but essentially accepts customer trades and sells them to large trading companies who execute the trades on the customer’s behalf. This is a process known as “Payment for Order Flow” (PFOF). Critics argue that Robinhood customers therefore receive inferior prices for their trades, that the “free trade” claim is nothing more than a marketing fantasy, and that investors themselves essentially become a commodity. But all this is not a problem for Robinhood’s entry into the UK.In fact, PFOF has been effectively banned in the UK since 2012, while the European Union (EU) Also introduces a ban on this practice This is expected to be in place by 2026. Elsewhere, Canada is similar. Forbidden PFOFas there is singaporeAustralia is moving in that direction. The SEC previously shown It is said that they may consider banning PFOF. retired from that position At this point. However, it is clear that the global regulatory environment…

Source: techcrunch.com

Morpheus Space’s new space mission design platform is user-friendly for everyone.

Space propulsion developer Morpheus Space today announced its first software product, a mission simulation and design platform called Journey.

Morpheus product manager Jim Gianakopoulos said in a recent interview (and in a recent product walkthrough) that the product has been in the works for nearly two years. This was born out of the typical thruster sales process. Customers come to Morpheus to ask if the startup’s lineup of electric propulsion systems can meet their mission requirements. However, the process is highly technical, fragmented, and manual.

“We found that to be a deterrent,” Giannakopoulos said. “Just by giving the user a place of control to actually simulate the entire mission themselves, analyze and refine it, and see what kind of propulsion system fits, it empowers them. Masu. [their] needs. “

Journey aggregates all the data typically spread across Excel sheets, Python, and other systems and quickly spits out mission and system designs. The software allows customers to input measurements, operations, launch dates, and other requirements for a custom system. The software is designed to be easy to use, even for non-technical users, with templates for common attributes such as satellite size.

In particular, the Journey platform does more than just match customers to Morpheus’ unique propulsion system. Depending on mission requirements, we may also recommend third-party chemical propulsion systems and various subsystems such as attitude determination, control systems, and communications.

The platform’s first product is called Preliminary Mission Design (PMD), and the company also plans to roll out a higher-fidelity Advanced Mission Design (AMD). The platform is designed to support customers from mission conception through end-of-orbit operations.

Morpheus has five to six early customers who are using PMD products to inform early mission and system designs. AMD plans to release a closed beta within the next two weeks. Morpheus was founded in 2018 with offices in Germany and El Segundo, California. Last September, the company closed its $28 million Series A round led by Alpine Space Ventures.

Source: techcrunch.com

YC-Powered Voice API Platform Empowers Productivity App Bots with Super-Powerful Pivot

Calendar apps are essential to productivity, but it’s difficult to differentiate them enough from their core use cases to sustain growth. Powered by Y Combinator super powerfulan AI-powered meeting note-taking tool that does not require bot recording, has overcome this obstacle and is currently Vapian API provider, makes it easy for anyone to create natural, voice-based, AI-powered assistants.

Superpowered was founded in 2020 by Jordan Deersley and Nikhil Gupta. But Dearsley said after three years of work, the team wanted to work on a more challenging product. Superpowered is profitable, the startup said, and the company has no intention of shutting down its first product and is in the process of hiring someone to run it. Y Combinator announced in June that more than 10,000 people use the product each week, but the company did not provide updated numbers.

Image credits: Vapi

To date, Superpowered/Vapi has raised $2.1 in seed money from investors including Kleiner Perkins and Abstract Ventures.

Pivot to Vapi

The company offers Vapi as an API that allows developers to create bots using only a prompt and putting it behind a phone number. Additionally, SDK integration is also provided, allowing developers to embed bots on their websites and mobile apps.

Dearsley told TechCrunch via email that the idea to build Vapi stemmed from a personal problem. He moved to San Francisco and began to miss his friends and family in different time zones. He built his AI bot that connects to the other party’s phone number to have a conversation with someone to organize their thoughts.

“I liked it, but I was constantly annoyed by how unnatural it was. It didn’t feel like talking to a person. The audio cut out, it took a long time to respond, and when I was talking it would interrupt me. ” he said.

“So I kept working on it and went for walks with it. Eventually, we fell in love with this conversation problem. It’s really hard to make something feel human. Voice assistants. today It’s clunky and turn-based, so I wanted to create something with a human touch. ”

Technically, Vapi is currently integrating a number of third-party APIs to build a robust voice conversation platform. For example, we use solutions from Twilio for phone calls, Deepgram for transcription, Daily for audio streaming, and OpenAI for responses. PlayHT For text reading.

ScaleConvo, a 2024 YC Winter Batch startup, is already using Vapi to launch conversational bots for sales teams and property management companies. However, Vapi did not reveal other customers.The company publishes his API Current Vapi Phone and Vapi Web products.

Vapi challenges

According to Magnus Revan, former Gartner analyst and chief product officer at multimodal conversation startup Openstream.ai, one of the startup’s biggest challenges is reducing latency.

“OpenAI models take between 2 and 10 seconds to generate a response. On the phone, the gold standard is 700 milliseconds between when the user finishes speaking and when the ‘bot’ begins speaking. And with capable models (high parameter count open source models like LLaMA2 70B) it is very difficult to achieve sub-second latencies,” he says.

Currently, Vapi’s latency is between 1.2 and 2 seconds depending on various factors. Dearsley expects that Vapi’s own efforts and improvements to his OpenAI will bring latency down to below a second for him in the next month.

Mohamed Musbah, an angel investor at Vapi, also said that the startup’s solution will be improved by overall advances in APIs.

“As OpenAI and other companies improve their models, Vapi’s platform will become more powerful, with a better knowledge base, code execution capabilities, and a larger context window. “As demand grows, Vapi’s focus on solving the biggest friction areas in voice communications will be a strength for the company,” he said.

However, this puts the responsibility on improving other solutions, not Vapi itself. Dearsley said the reliance on other APIs will make Vapi less defensive if large companies start moving into the space. But the team said it has an advantage in that it has built the infrastructure to handle thousands of calls simultaneously. Dearsley emphasized that with the general availability of Vapi’s web and phone APIs, the team will also look to build proprietary models for his audio-to-audio solutions.

Source: techcrunch.com

Xage Security secures an additional $20 million funding for expanding security platform

The number of cybersecurity-related financing deals reached its highest point in 2022, but that doesn’t mean the sector is underutilized. According to Statista, in the second quarter of 2023 he had 148 deals, worth a total of $1.6 billion.

And, at least anecdotally, deal flow in the third quarter also looks healthy. Case in point, Xage securitya startup that provides software that prevents network intrusions, today announced that it has raised $20 million in a B2 funding round, bringing the company’s total funding to $80 million.

Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners, Chevron Technology Ventures, and Science Applications International Corporation participated in Xage’s B2. Sources familiar with the matter told TechCrunch that the pre-money valuation is about 60% higher than Xage’s pre-money as of January 2022, when the company first closed its Series B.

Geoffrey Mattson, who was appointed CEO of Xage in September, said the proceeds will be used to expand research and development and Xage’s go-to-market operations, with a focus on expanding its presence in the Asia-Pacific region.

“Despite mixed technology economics, cybersecurity attacks against critical infrastructure are on the rise, and Xage sees growing tailwinds and headwinds given the threat environment and customer needs. ,” Mattson told TechCrunch in an email interview. “With more companies operating remotely to reduce costs, it is more important than ever to provide Zero Trust security solutions for critical infrastructure and distributed operations, including operational technology, IT, and cloud environments. Yes, it is a priority.”

Xage was founded in 2016 by Susanto Irwan and Roman Arutyunov after noticing an increase in attacks on Internet of Things (IoT) devices, including devices such as surveillance cameras and temperature sensors. (This trend continues, with 41% in his first two months of 2023. Rise Average number of weekly attacks per organization targeting IoT devices compared to 2022. )

With Xage, Irwan and Artyunov can protect IoT devices and operational technology (the hardware and software used to monitor, control, and upgrade industrial systems), whether they are isolated or connected to the cloud. We have started developing a cybersecurity platform that can.

Xage’s core product sits on top of your existing environment, ostensibly without the need for network changes, either on-premises or as part of a software-as-a-service installation. Xage “monitors” device interactions and data movements and changes on a company’s network, discovering policy violations, and enforcing security policies, including invoking multi-factor authentication for system logins from unknown locations. I will do it.

Xage is not alone in the market for platforms that protect IoT and industrial systems. Dragos is probably its biggest competitor, at least on the startup side. But Xage has done well when it comes to customer acquisition, with the U.S. Space Force winning him a $17 million contract and the U.S. Air Force a $743,000 contract.

Xage’s other customers include energy, manufacturing, utilities, and transportation infrastructure operators. Mattsson claims that the startup’s revenue of about 90 employees increased by 420% year-on-year in the first half of 2023, and bookings increased by 560%.

“When the pandemic first broke out, Zarj There was a temporary pause in demand as customers tried to organize their businesses,” Mattson said. “Fortunately, Zarj Companies believe that information and data security is key to business continuity, and they have secured a comfortable runway.

Source: techcrunch.com