A group of ad hoc term loan lenders, who collectively own more than 85% of BYJU’S $1.2-billion term loan, has issued a statement saying the edtech firm’s lawsuit against them is “meritless” and “simply an effort to avoid complying with its obligations, including making contractually required payments”. “The lender group, comprising 21 highly respected global… Continue reading Lender group says BYJU’s lawsuit is ‘meritless’ and an ‘effort to avoid complying with obligations’
Category: Tech News
Category Added in a WPeMatico Campaign
Binance.US suspends USD deposits, halting fiat withdrawal channels
Binance.US said on Thursday the company is suspending USD deposits while notifying customers that their banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13. The move comes as the U.S. financial regulators supported a freeze on Binance’s assets earlier in the day. The U.S. Securities and Exchange Commission’s take… Continue reading Binance.US suspends USD deposits, halting fiat withdrawal channels
People Digest: TVS Capital names new managing partner; Affinity’s Korea head exits
Indian private equity fund TVS Capital Funds has named Naveen Uni as its news managing partner, while Affinity Korea’s head Sam Lee has resigned. Naveen Unni named managing partner at TVS Capital Rupee capital private equity fund TVS Capital Funds has announced the joining of industry veteran Naveen Unni as its new managing partner. Unni… Continue reading People Digest: TVS Capital names new managing partner; Affinity’s Korea head exits
Cleantechnica: GM Joins Ford In Using Tesla Superchargers 002810
Build a better mouse trap and the world will beat a path to your door, according to an old business adage. Tesla built a better mousetrap — its Supercharger network which is constructed around the company’s proprietary “North American Charging Standard.” Recently, Ford announced it would begin installing NACS hardware in its electric cars sold… Continue reading Cleantechnica: GM Joins Ford In Using Tesla Superchargers 002810
Clean Technica: Don’t Buy Another Gas Car! No Hybrids Either. It’s Got To Be Electric!002809
Your current car is getting a bit long in tooth and it’s time when you would normally be looking to replace it. Don’t buy another gas car! Some of you won’t let “them” pry a gas car from your cold dead fingers. However, many of the rest of us are open to the idea of… Continue reading Clean Technica: Don’t Buy Another Gas Car! No Hybrids Either. It’s Got To Be Electric!002809
Adobe Says It’ll Cover Legal Bills for Its AI Tool
“The risk is never zero, hence why we offer indemnification.” Got Your Back As the copyright controversy shrouding the use of generative AI tools continues to deepen, Adobe has planted its flag in the sand. According to Fast Company, Adobe is so confident that copyright law won’t be an issue for users of their new generative… Continue reading Adobe Says It’ll Cover Legal Bills for Its AI Tool
The Backstory to the Eating Disorder Bot That Went Off the Rails Is Too Stupid for Words
“We were not consulted about that, and we did not authorize that.” Remember Tessa, the chatbot that was designed to help users combat disordered eating habits but ended up giving absolutely terrible, eating disorder-validating advice? Well, if the story wasn’t stupid enough already, it just got a hell of a lot dumber in a way that perfectly… Continue reading The Backstory to the Eating Disorder Bot That Went Off the Rails Is Too Stupid for Words
The Kakhovka Dam Collapse Is an Ecological Disaster
While the world awaits evidence and further details about what exactly happened to the dam, there is no doubting the ecological harm the breach will cause. Around 600 square kilometers of the Kherson region are currently underwater along the southern part of the Dnipro River, says Veremiychyk. And above the dam, a vast quantity of… Continue reading The Kakhovka Dam Collapse Is an Ecological Disaster
Marc Andreessen Is (Mostly) Wrong This Time
I’d be surprised if Andreessen’s highly educated audience actually believes the lump of labor fallacy, but he goes ahead and dismantles it anyway, introducing—as if it were new to his readers—the concept of productivity growth. He argues that when technology makes companies more productive, they pass the savings on to their customers in the form… Continue reading Marc Andreessen Is (Mostly) Wrong This Time
GM EV owners will gain access to Tesla Superchargers in 2024
General Motors EVs will adopt the NACS standard in 2025 Ford isn’t the only electric automaker switching to Tesla’s North American Charging Standard — General Motors says it’s making the change, too. CEO Mary Barra announced the move during a Twitter Spaces chat with Tesla CEO Elon Musk on Thursday, stating that its electric vehicles… Continue reading GM EV owners will gain access to Tesla Superchargers in 2024