The FinTech Hub
Source: Live Mint The September quarter (Q2FY25) results of FSN E-commerce Ventures Ltd, the parent of Nykaa, showcased robust growth in the beauty business, while fashion was sluggish—mirroring a trend seen in the previous few quarters. Revenues increased 24% year-on-year to ₹1,875 crore, and the Ebitda margin at 5.5% was slightly below estimates. Beauty gross…
/cdn.vox-cdn.com/uploads/chorus_asset/file/24533927/STK149_AI_Writing.jpg?w=600&resize=600,400&ssl=1 "HarperCollins is asking authors to license their books for AI training")
Source: The Verge HarperCollins has reached an agreement with an artificial intelligence technology company to allow limited use of select nonfiction backlist titles for training AI models to improve model quality and performance. While we believe this deal is attractive, we respect the various views of our authors, and they have the choice to opt…
Source: Bitcoinist President-elect Donald Trump is scheduled to meet with Brian Armstrong, the CEO of cryptocurrency exchange platform Coinbase, on Monday. According to the Wall Street Journal (WSJ), the meeting, which will be their first interaction since the presidential election on November 5th, is expected to focus on personnel appointments for Trump’s upcoming administration. Trump’s…
Source: Coin Tegraph DeFi app Polter became the victim of a “classic” flash loan exploit, and a man was sentenced to 24 years for crashing a bank with a crypto scam. Read Full Article
/cdn.vox-cdn.com/uploads/chorus_asset/file/25739860/1998630585.jpg?w=600&resize=600,400&ssl=1 "Donald Trump’s pick for energy secretary says ‘there is no climate crisis’")
Source: The Verge President-elect Donald Trump’s pick to lead the Department of Energy is fossil fuel executive Chris Wright — who has misleadingly claimed on LinkedIn that “there is no climate crisis, and we’re not in the midst of an energy transition either.” Hurricanes, wildfires, droughts, and other disasters exacerbated by climate change are already…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25739950/247386_Elon_Musk_Open_AI_CVirginia.jpg?w=600&resize=600,400&ssl=1 "Inside Elon Musk’s messy breakup with OpenAI")
Source: The Verge As OpenAI was ironing out a new deal with Microsoft in 2016 — one that would nab the young startup critical compute to build what would become ChatGPT — Sam Altman needed the blessing of his biggest investor, Elon Musk. “$60MM of compute for $10MM, and input from us on what they deploy…
Source: Coin Tegraph Data hints that new all-time highs are on the way, even if Bitcoin struggles to gain above $92,000. Read Full Article
Source: Live Mint The State-owned renewable energy giant said on Monday that it has raised around ₹3,960 crore from investors in its anchor round, according to the exchange filing, ahead of the company’s proposed initial public offering (IPO). As per the exchange filing, the company has allocated 36,66,66,666 or 36.66 crore equity shares to the…
Source: Venture Beat Le Chat now includes image generation capabilities powered by the Flux Pro model, enabling users to produce high-quality visuals. Read Full Article
Source: Coin Tegraph A federal judge sentenced Heather Morgan, also known as Razzlekhan, to 18 months in prison for laundering stolen Bitcoin connected to Bitfinex. Read Full Article
/cdn.vox-cdn.com/uploads/chorus_asset/file/24840751/STK200_Musk_vs_Zuck_02.jpg?w=400&resize=400,250&ssl=1 "Zuckerberg, inspired by Musk, ditches fact checking for Community Notes")