Edonia grabs €2M to turn microalgae into less bitter-tasting ground meat alternative

As the world’s population continues to grow, the need to be able to feed everyone is something a number of entities are working on. Paris-based Edonia, is one of the startups working on creating protein ingredients using microalgae. Edonia joins companies like Bevel, AlgaeCore Technologies, Algenuity and NewFish that are …...Read More

Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval

Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup disclosed in a filing to the local regulator. The Bengaluru-headquartered startup plans to raise $450 million through issuance of new shares, and offer $800 …...Read More

Mark Zuckerberg says Threads has 150 million monthly active users

Meta’s Twitter/X rival Threads is growing at a stable pace. The social network now has more than 150 million monthly active users — up from 130 million in February — Mark Zuckerberg mentioned during the company’s Q1 2024 earnings call. Since the last quarterly earnings call, Threads has notably taken …...Read More

Xaira, an AI drug discovery startup, launches with a massive $1B, says it's 'ready' to start developing drugs

Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery. On Tuesday, ARCH Venture Partners and Foresite Labs, an affiliate of Foresite Capital, announced that they incubated Xaira Therapeutics and funded the AI biotech …...Read More

Anduril moves ahead in Pentagon program to develop unmanned fighter jets

Anduril Industries has taken another step forward in its quest to become the next great American prime, this time by beating out major defense companies to develop and test small unmanned fighter jet prototypes. The venture capital darling beat out Boeing, Lockheed Martin and Northrop Grumman on the deal, under …...Read More

IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition

IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor years ago, recognizing that it could never compete with the big three – Amazon, Microsoft and Google. It has since moved onto helping IT departments manage complex hybrid environments, using its financial clout to acquire a portfolio …...Read More

Rabbit's R1 is a little AI gadget that grows on you

Rabbit’s R1 is a little AI gadget that grows on you The $199 price point, touchscreen and funky Teenage Engineering design make it far more accessible than Humane's Ai Pin If there’s one overarching takeaway from last night’s Rabbit R1 launch event, it’s this: Hardware can be fun again. After …...Read More

India's JioCinema launches Rs 29 premium tier featuring ad-free, 4K viewing

JioCinema introduced a new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents. The revamp in the pricing strategy comes as the market-leading service seeks to exert greater pressure on rivals including Netflix and Prime Video. The service — backed by Asia’s richest man, Mukesh Ambani …...Read More

Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M

AI is supercharging coding — and developers are embracing it. In a recent StackOverflow poll, 44% of software engineers said that they use AI tools as part of their development processes now and 26% plan to soon. Gartner estimates that over half of organizations are currently piloting or have already …...Read More

TikTok ban signed into law by President Biden: How we got here, and what comes next

TikTok ban signed into law by President Biden: How we got here, and what comes next The TikTok ban has cleared Congress and received White House approval, putting new pressure on Bytedance to divest. TikTok faces an uncertain fate in the U.S. once again. A bill including a deadline for …...Read More