European neobroker Scalable Capital raises $65M on a flat $1.4B valuation
Meta finally starts rolling out default end-to-end encryption for Messenger
India’s Paytm curbing low-value personal loans spells bad news for the industry
As Bitcoin reaches the $44,000 threshold, why the surge and what’s next?
Vast Data lands $118M to grow its data storage platform for AI workloads
Scalable Capital, a Munich startup that aims to make investing in financial markets accessible to a wider range of consumers, is putting more fuel in its tank to drive deeper into Europe. The company has raised €60 million in equity ($65 million at today’s rates). It will be using to build out its business in…
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…
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…
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…
Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e. setups that move data between high- and low-cost storage hardware), today announced that it secured $118 million in a Series E round led by…
With the U.K.’s Financial Conduct Authority (FCA) authorizing what’s believed to be the first time a company can provide solar panels and batteries on a subscription model — without subscribers needing to pay a lump sum upfront — the stage could be set for a new boom in solar subscription services. This will provide useful…
Alongside other AI updates announced today, Meta AI, the company’s generative AI experience, is gaining new capabilities starting today, including the ability to create new AI images when prompted as well as support for Reels, among other things. The former, a feature called “reimagine,” allows users in group chats to have more fun by recreating…
It’s safe to say that VCs struck while the iron was hot this year where it concerned generative AI. While venture capital investments overall fell compared to last year thanks to macroeconomic challenges and other related factors, startups in the generative AI space — and AI more broadly — did quite well. Funding for AI-related…