You might not be familiar with the name Tomorro, but it is actually not a new startup. Tomorro is a French contract management platform that originally started as Leeway. And today, the company is announcing its new brand and an $11.9 million funding round (€11 million). The reason why Leeway is becoming Tomorro is that...
Category: Technology and IT
Five-month-old Indian AI startup Sarvam scores $41 million funding | TechCrunch
Sarvam AI has come out of stealth mode and announced it has raised $41 million as the five-month old Indian startup races to build a suite of full-stack generative AI offerings. The $41 million funding raise is across the Seed and Series A financing rounds. Lightspeed led the rounds with participation from Khosla Ventures and...
HOTSAT-1: Images of COP28 venue from ‘flying thermometer’ highlight global temperature challenges
A British-built ‘flying thermometer’ has taken images of the sun-baked venue of the Dubai climate summit to highlight how rising global temperatures will challenge urban areas. Source: Sky News
Meta finally starts rolling out default end-to-end encryption for Messenger | TechCrunch
After years of promises and limited tests, Meta has started rolling out default end-to-end encryption protection for Messenger. In an announcement, Mark Zuckerberg said that personal chats and calls will get default end-to-end encryption. However, encryption for group chats still remains an opt-in feature. End-to-end encryption is an important security layer as it doesn’t allow...
India’s Paytm curbing low-value personal loans spells bad news for the industry | TechCrunch
Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns...
Messenger is finally getting end-to-end encryption by default
Illustration: Nick Barclay / The Verge Meta is now rolling out end-to-end encryption for one-on-one chats and calls on Messenger and Facebook, finally fulfilling a promise that’s been in the works for quite awhile. When end-to-end encryption is on, only you and the person you send a message to can see its contents, the company...
Ex-Twitter security head claims the company fired him to flout regulations
Illustration by Kristen Radtke / The Verge; Getty Images Alan Rosa, former head of security for Twitter, filed a lawsuit against X, Elon Musk, and company adviser Steve Davis, alleging that he was wrongly fired for protesting Musk-led cost-cutting measures. Lawyers for Rosa wrote in the complaint that the cuts hampered Twitter’s ability to comply...
McDonald’s will use Google AI to make sure your fries are fresh, or something?
Big Mac meets machine learning. | Illustration: The Verge McDonald’s is partnering with Google to deploy generative AI beginning in 2024, when “thousands” of stores will get hardware and software upgrades. Along with updates to other systems including ordering kiosks and the company’s mobile app, McDonald’s will be able to use generative AI on massive...
The second season of The Last of Us will debut in 2025
Image: HBO The second season of HBO’s The Last of Us will debut in 2025. A new teaser dropped by Max confirmed the date and also offered a glimpse into its 2024 lineup. The news comes after showrunner Craig Mazin revealed production will start on February 12th, 2024, which is later than originally planned because...
Why is Bitcoin surging? | TechCrunch
Bitcoin’s rapid-fire ascent to $44,000 comes on the back of roughly 25% gains in the last week. The grandfather of all cryptocurrencies has had an even more lucrative 2023, rising 158% from its year-ago levels, according to CoinMarketCap data. Given how long the crypto world has been dealing with a downturn, what’s driving bitcoin’s price...