General
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From Valued to Distressed: The Arzooo Acquisition Story
Arzooo, a startup founded by former executives from Flipkart, aimed to revolutionize India’s consumer durables and appliances sector. The company provided a digital platform that enabled small electronics retailers to compete with larger e-commerce players…
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Unlocking Cost Efficiency: AWS’s New Prompt Caching Feature
Amazon Web Services (AWS) has recently announced an innovative feature called prompt caching on its Bedrock platform, aimed at reducing the costs associated with running AI models. As artificial intelligence continues to evolve and gain…
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Plex Revamps Its App: A New Era for Streaming Media
Plex has made significant strides in updating its app, aligning it more closely with traditional streaming services. This redesign is not merely cosmetic; it involves a complete overhaul of the app’s codebase, enhancing the user…
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Legal Battle Uncovers OpenAI’s Early Struggles and Ambitions
In a lawsuit involving Elon Musk and OpenAI, a trove of emails has come to light, shedding new insights into the organization’s formative years. The ongoing legal proceedings have unearthed communications between Musk, Sam Altman,…
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Bluesky’s Meteoric Rise: 1 Million New Users in 24 Hours
Bluesky, the decentralized social networking platform, experienced a significant surge in user sign-ups, with over 1 million new accounts created in the span of just 24 hours. The announcement came Thursday evening, marking one of…
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Don Lemon Parts Ways with Elon Musk’s X Amid Legal Dispute
In a surprising turn of events, Don Lemon has officially left Elon Musk’s X less than a year after the platform announced “The Don Lemon Show” would feature prominently. The show had been slated to…
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Just Eat Takeaway Sells Grubhub to Wonder in $650 Million Deal
Just Eat Takeaway, the Netherlands-based food delivery giant, announced it is selling its U.S. subsidiary Grubhub to Wonder in a transaction valued at $650 million. This sale, expected to close by Q1 2025, marks Just…
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3 Model Compression Strategies to Boost AI Performance
In a world where AI drives business solutions, model size and computational demands pose critical challenges. As models grow more complex, they require significant computational and memory resources, complicating real-time applications that need instant response,…
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Tech Industry Faces Unprecedented Layoff Surge in Early 2024
In the early months of 2024, the tech industry has witnessed a significant wave of layoffs affecting both major corporations and smaller startups. Companies such as Tesla, Amazon, Google, TikTok, Snap, and Microsoft have all…
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Meta Unveils Spirit LM Open Source Model Integrating Text and Speech
Meta has introduced its first open-source multimodal language model, Meta Spirit LM, which integrates both text and speech inputs and outputs. Released just in time for Halloween 2024, Spirit LM is designed to handle tasks…
