X’s India revenue falls 90%, filing shows

X revenue in India plummeted 89.8% to $2.51 million in the financial year ending March, according to regulatory filings from the Elon Musk-owned social network. The company, which had posted revenue of $24.7 million in the previous fiscal year, also significantly reduced its expenses in India to $2.2 m…Read More

Tesla is testing a robotaxi service that Elon Musk claims will launch next year

Elon Musk said he hopes to launch a service that will let people hail self-driving Tesla vehicles in California and Texas sometime in 2025 — and claims his company has already been testing the service in the Bay Area with employees. The comments, made Wednesday on…Read More

The Space Development Agency taps 19 companies for future defense demo missions

The Space Development Agency has selected 19 companies to compete for future contracts under a new program designed to rapidly onboard new contractors for defense demonstration missions.  These companies have essentially been preapproved to bid on future prototype…Read More

Philly’s Portal is like social media come to life

For once, the biggest tourist attraction in Philadelphia’s Love Park isn’t the iconic artwork that gives the plaza its name. While a couple of tourists trickle through to take pictures with the love sculpture, the main attraction this week is the Portal, which was encircled by a crowd of about…Read More

DuckDuckGo will be making more early-stage investments in privacy-focused startups

DuckDuckGo, the privacy-focused search alternative to Google, wants to put money into startups that have a similar focus on privacy. The company says that it’s actively seeking startups looking for investment, or startups that might be interested in partnering up…Read More

Amazon adds gasoline discounts for Prime members, EV charging savings to follow

Amazon is challenging Walmart+ by offering Prime members a discount on fuel to combat high gas prices.  The company announced on Wednesday that Prime members will receive a 10 cents per gallon discount at around 7,000 Amoco, AM/PM, and BP gas stations across the…Read More

Contactless stores to grow in Europe as Sensei reels in another $16M

While Amazon Go helped pioneer the concept of the totally contactless store, others, like 7-Eleven and Walmart, have entered the territory. And the arena is growing, in part because several startups — such as  Standard Cognition, Zippin, AiFi, Grabango, Trigo — have pro…Read More

Contactless stores to grow in Europe as Sensei reels in another $16M

While Amazon Go helped pioneer the concept of the totally contactless store, others, like 7-Eleven and Walmart, have entered the territory. And the arena is growing, in part because several startups — such as  Standard Cognition, Zippin, AiFi, Grabango, Trigo — have pro…Read More

India’s Paytm wins approval to resume payments growth

Paytm, a leading Indian financial services firm, has received regulatory approval to resume adding new UPI payments users, following an eight-month restriction on many of its operations. UPI, which processes over 15 billion monthly transactions, dominates India’s online payments. W…Read More

Ro CEO Zachariah Reitano says the benefits of being a private company are growing

Ro co-founder and CEO Zachariah Reitano said while he’d “never say never” about potentially taking the 7-year-old telehealth company public, he thinks the benefits of being a private company are growing. Reitano dodged multiple questions from Axios reporter Dan…Read More

Ro CEO Zachariah Reitano says the benefits of being a private company are growing

Ro co-founder and CEO Zachariah Reitano said while he’d “never say never” about potentially taking the seven-year-old telehealth company public, he thinks the benefits of being a private company are growing. Reitano dodged multiple questions from Axios reporter Dan…Read More

EVTOL startups just got a big lift from the US government

Federal regulators have cleared the path for electric vertical takeoff and landing aircraft to share U.S. airspace with planes and helicopters – a win for the burgeoning industry and a timely decision for startups like Joby Aviation and Archer Aviation that are expected to launch air t…Read More

SEC fines four companies $7 million for ‘misleading cyber disclosures’ regarding SolarWinds hack

The SEC concluded that four tech companies misled investors and minimized the damage they suffered from the SolarWinds supply chain hack.
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Marc Andreessen says AI model makers are in ‘race to the bottom’ and it’s not good for business

Marc Andreessen, general partner at VC firm Andreessen Horowitz, was on stage at the Ray Summit conference earlier this month, talking about AI. CFO.com has pulled out the best quotes so you don’t have to watch the full interview. “Maybe all of these…Read More

India’s Zomato to raise $1B ahead of rival Swiggy IPO

Zomato announced Tuesday that its board has approved plans to raise $1 billion through a so-called qualified institutions placement, marking the company’s first major fundraising initiative since its 2021 IPO, as competition in India’s quick commerce sector heats up. The timing is notable, c…Read More