Techmeme

US tech companies are racing to establish more and bigger offshore campuses in India, fully staffed with highly skilled professionals in cities like Bengaluru (New York Times)

US tech companies are racing to establish more and bigg...

Mar 29, 2025 0

New York Times: US tech companies are racing to establish more and bigger offs...

World History Encyclopedia, the second most visited history site, says its traffic fell 25% in Nov. 2024 after AI search tools began presenting its information (Alex Kantrowitz/Big Technology)

World History Encyclopedia, the second most visited his...

Mar 29, 2025 0

Alex Kantrowitz / Big Technology: World History Encyclopedia, the second most ...

Gensol's troubles cast doubt on the future of Indian EV ride-hailing firm BluSmart, founded by Gensol's promoters; BluSmart has raised $180M in debt and equity (Debarghya Sil/Inc42 Media)

Gensol's troubles cast doubt on the future of Indian EV...

Mar 29, 2025 0

Debarghya Sil / Inc42 Media: Gensol's troubles cast doubt on the future of Ind...

India's e-commerce market grew 10%-12% YoY to ~$60B in GMV in 2024, versus historical rates of over 20%, with 270M+ people shopping online, second only to China (Bain)

India's e-commerce market grew 10%-12% YoY to ~$60B in ...

Mar 29, 2025 0

Bain: India's e-commerce market grew 10%-12% YoY to ~$60B in GMV in 2024, vers...

Bain and Flipkart report: quick commerce made up over two-thirds of India's e-grocery orders in 2024, with GMV rising nearly five times to $6B-$7B from 2022 (Ashwin Manikandan/Reuters)

Bain and Flipkart report: quick commerce made up over t...

Mar 29, 2025 0

Ashwin Manikandan / Reuters: Bain and Flipkart report: quick commerce made up ...

NYC-based Rain, which issues credit cards that let customers settle payments in stablecoins, raised $24.5M led by Norwest, taking its total funding to $30.5M (Catherine McGrath/Fortune)

NYC-based Rain, which issues credit cards that let cust...

Mar 29, 2025 0

Catherine McGrath / Fortune: NYC-based Rain, which issues credit cards that le...

Brooklyn-based Underdog, a fantasy sports and sports betting app, raised $70M in a first Series C tranche at a $1.23B valuation from Spark Capital (Dan Primack/Axios)

Brooklyn-based Underdog, a fantasy sports and sports be...

Mar 29, 2025 0

Dan Primack / Axios: Brooklyn-based Underdog, a fantasy sports and sports bett...

Gensol's financial woes have cast doubt on the future of BluSmart, an Indian EV ride-hailing startup founded by Gensol's promoters, Anmol Jaggi and Puneet Jaggi (Debarghya Sil/Inc42 Media)

Gensol's financial woes have cast doubt on the future o...

Mar 29, 2025 0

Debarghya Sil / Inc42 Media: Gensol's financial woes have cast doubt on the fu...

FTX tells a US bankruptcy judge it will make the first payment to its main creditors on May 30 using the $11.4B cash hoard it has collected since shutting down (Steven Church/Bloomberg)

FTX tells a US bankruptcy judge it will make the first ...

Mar 29, 2025 0

Steven Church / Bloomberg: FTX tells a US bankruptcy judge it will make the fi...

Adalytics: DoubleVerify, IAS, and Human Security, paid by advertisers to detect bots, regularly miss such traffic; DoubleVerify missed 21% of bot visits (Patience Haggin/Wall Street Journal)

Adalytics: DoubleVerify, IAS, and Human Security, paid ...

Mar 29, 2025 0

Patience Haggin / Wall Street Journal: Adalytics: DoubleVerify, IAS, and Human...

In the latest Windows 11 preview build, Microsoft removed the "bypassnro" command, which let users skip signing into a Microsoft Account when installing Windows (Zac Bowden/Windows Central)

In the latest Windows 11 preview build, Microsoft remov...

Mar 29, 2025 0

Zac Bowden / Windows Central: In the latest Windows 11 preview build, Microsof...

A US judge rejects Musk's bid to dismiss a lawsuit claiming he defrauded ex-Twitter shareholders by delaying the disclosure of his initial Twitter investment (Jonathan Stempel/Reuters)

A US judge rejects Musk's bid to dismiss a lawsuit clai...

Mar 29, 2025 0

Jonathan Stempel / Reuters: A US judge rejects Musk's bid to dismiss a lawsuit...

Source: the new combined entity housing xAI and X is called XAI Holdings and is valued at more than $100B, not including debt (Bloomberg)

Source: the new combined entity housing xAI and X is ca...

Mar 29, 2025 0

Bloomberg: Source: the new combined entity housing xAI and X is called XAI Hol...

Filing: Intel says three board members will not stand for reelection at its 2025 annual meeting, shrinking the size of the board to 11 members (Arsheeya Bajwa/Reuters)

Filing: Intel says three board members will not stand f...

Mar 29, 2025 0

Arsheeya Bajwa / Reuters: Filing: Intel says three board members will not stan...

Source: hackers broke into Oracle's Cerner servers sometime after January 22 and stole patient data to extort US medical providers; the FBI is investigating (Bloomberg)

Source: hackers broke into Oracle's Cerner servers some...

Mar 29, 2025 0

Bloomberg: Source: hackers broke into Oracle's Cerner servers sometime after J...

Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation (CNBC)

Elon Musk says xAI acquired X in an all-stock deal valu...

Mar 29, 2025 0

CNBC: Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B a...

Sources: Blackstone is evaluating a small minority investment in TikTok's US operations, joining the front-running bid by ByteDance's non-Chinese shareholders (Reuters)

Sources: Blackstone is evaluating a small minority inve...

Mar 28, 2025 0

Reuters: Sources: Blackstone is evaluating a small minority investment in TikT...

@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale... xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. (Elon Musk/@elonmusk)

@xAI has acquired @X in an all-stock transaction. The ...

Mar 28, 2025 0

Elon Musk / @elonmusk: @xAI has acquired @X in an all-stock transaction. The c...

Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B (CNBC)

Elon Musk says xAI has acquired X in an all-stock trans...

Mar 28, 2025 0

CNBC: Elon Musk says xAI has acquired X in an all-stock transaction valuing xA...

@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at (Elon Musk/@elonmusk)

@xAI has acquired @X in an all-stock transaction. The c...

Mar 28, 2025 0

Elon Musk / @elonmusk: @xAI has acquired @X in an all-stock transaction. The co...

Sources: DOGE aims to migrate all Social Security Administration's computer systems off COBOL in a matter of months, risking the integrity of SSA infrastructure (Makena Kelly/Wired)

Sources: DOGE aims to migrate all Social Security Admin...

Mar 28, 2025 0

Makena Kelly / Wired: Sources: DOGE aims to migrate all Social Security Admini...

Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B (Elon Musk/@elonmusk)

Elon Musk says xAI has acquired X in an all-stock trans...

Mar 28, 2025 0

Elon Musk / @elonmusk: Elon Musk says xAI has acquired X in an all-stock transa...

Sources: ScaleAI is seeking a valuation as high as $25B in a potential tender offer; it was last valued at $13.8B in a $1B Series F round led by Accel in 2024 (Ben Bergman/Business Insider)

Sources: ScaleAI is seeking a valuation as high as $25B...

Mar 28, 2025 0

Ben Bergman / Business Insider: Sources: ScaleAI is seeking a valuation as high...

Sources: OpenAI is finalizing a $40B round led by SoftBank, receiving $10B initially and another $30B by 2025's end if it restructures into a for-profit company (Wall Street Journal)

Sources: OpenAI is finalizing a $40B round led by SoftB...

Mar 28, 2025 0

Wall Street Journal: Sources: OpenAI is finalizing a $40B round led by SoftBan...

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