Category: Tech News

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Epic says more than half of all announced next-gen games are made on Unreal Engine

/ Unreal Engine is proving to be a popular choice for developers making games for the PS5 and Xbox Series X / S. One major developer, CD Projekt Red, is making a huge bet on it. Looks Cyberpunk-y.Image: Epic Games Over half of all announced games for next-gen game consoles are being developed using Epic… Continue reading Epic says more than half of all announced next-gen games are made on Unreal Engine

The scary truth about AI copyright is nobody knows what will happen next

Artificial Intelligence The last year has seen a boom in AI models that create art, music, and code by learning from others’ work. But as these tools become more prominent, unanswered legal questions could shape the future of the field.  Share this story Generative AI has had a very good year. Corporations like Microsoft, Adobe,… Continue reading The scary truth about AI copyright is nobody knows what will happen next

India’s Contentstack raises $80m in Series C roundThe round was co-led by Georgian and Insight Partners and participated by Illuminate Ventures.

Contentstack, a content experience platform (CXP), on Tuesday said it has raised $80 million in a Series C funding round co-led by Georgian and Insight Partners. Illuminate Ventures also participated in the round, taking the total amount raised to $169 million so far. “Contentstack’s ability to ensure customers are successful while also innovating at record speeds… Continue reading India’s Contentstack raises $80m in Series C roundThe round was co-led by Georgian and Insight Partners and participated by Illuminate Ventures.

US VC investor Tim Draper sours on China, says it has left the free market

China is no longer a place to invest and has left “the free market” under President Xi Jinping, said U.S. venture capitalist Tim Draper, an early investor in Elon Musk’s Tesla and SpaceX. Draper was also an early and prominent investor in Chinese search engine Baidu Inc, but he is now turning his attention to Taiwan, home to companies such as TSMC, the world’s largest contract chipmaker.… Continue reading US VC investor Tim Draper sours on China, says it has left the free market

China’s auto parts maker Kasco snaps $72m in a Series B round

China’s Kasco, also known as KH Automobile Technology (Zhejiang KHAT), which produces air suspension system for passenger vehicles, has notched RMB 510 million ($72.4 million) in a Series B led by China Venture Capital, a joint venture between CRRC Corp and Guochuang Investment Fund Manager, Source Code Capital, and Shenzhen Capital Group.   The round, participated… Continue reading China’s auto parts maker Kasco snaps $72m in a Series B round

Kotak Investment Advisors raises $500m from ADIA for India-focused, $1b real estate fund

Kotak Investment Advisors Ltd (KIAL), the alternative assets arm of Kotak Mahindra Group, which is backed by one of Asia’s richest bankers Uday Kotak, on Tuesday said it has secured $500 million from a subsidiary of Abu Dhabi Investment Authority (ADIA) for its new $1 billion real estate fund. With the new fund, Kotak aims… Continue reading Kotak Investment Advisors raises $500m from ADIA for India-focused, $1b real estate fund

BasiGo to kick-off EV assembly in Kenya after $6.6M funding

BasiGo will begin assembling electric buses in Kenya from next month, ramping up its production of public transport vehicles (PSVs) as it targets to deliver 100 units by end of next year. The startup plans to deliver 15 of the 100 buses, manufactured using parts from China’s EV maker BYD Automotive, in January next year,… Continue reading BasiGo to kick-off EV assembly in Kenya after $6.6M funding

Helbiz sees losses in mobility revenue, slight gains in streaming

Helbiz’s third quarter earnings show a company that’s burning cash, not making revenue gains and losing riders year over year. However, Helbiz’s burgeoning sports streaming service did realize some small gains. The micromobility SPAC reported its Q3 earnings Monday, the same day as its only public market competitor, Bird. Neither company is performing well operationally… Continue reading Helbiz sees losses in mobility revenue, slight gains in streaming

Twitter fired employees who publicly called out Elon Musk

At least three Twitter employees who survived the mass layoffs that cut the company’s workforce in half have been fired after calling out their new boss on the platform. One of them is Eric Frohnhoefer, who responded to Elon Musk’s tweet apologizing for Twitter being slow in many countries. “App is doing >1000 poorly batched… Continue reading Twitter fired employees who publicly called out Elon Musk