Journals

Sankalp Phartiyal / Bloomberg: NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google GPay rose almost 6%  —  – Paytm loses usage even before any… Read More »NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google GPay rose almost 6% (Sankalp Phartiyal/Bloomberg)

Michael J. Totten / City Journal: A look at the AI revolution, reminiscent of the industrial revolution but unfolding over years rather than centuries, and the views of AI optimists and doomers  —  Machines can now talk with us in… Read More »A look at the AI revolution, reminiscent of the industrial revolution but unfolding over years rather than centuries, and the views of AI optimists and doomers (Michael J. Totten/City Journal)

The Verge: OpenAI says that while discussing for-profit terms, Elon Musk “wanted us to merge with Tesla” or wanted “majority equity, initial board control, and to be CEO”  —  In a blog post published on Tuesday, OpenAI said it will… Read More »OpenAI says that while discussing for-profit terms, Elon Musk “wanted us to merge with Tesla” or wanted “majority equity, initial board control, and to be CEO” (The Verge)

Nitasha Tiku / Washington Post: More than 100 top AI researchers sign an open letter imploring AI companies to provide a legal and technical safe harbor for researchers to study their products  —  Tech company policies have put a chill… Read More »More than 100 top AI researchers sign an open letter imploring AI companies to provide a legal and technical safe harbor for researchers to study their products (Nitasha Tiku/Washington Post)

Wall Street Journal: Sources, court filings, and internal documents detail how a flourishing partnership between Sam Altman and Elon Musk turned sour, culminating in Musk’s lawsuit  —  A legal battle between OpenAI’s co-founders is the latest twist in a volatile… Read More »Sources, court filings, and internal documents detail how a flourishing partnership between Sam Altman and Elon Musk turned sour, culminating in Musk’s lawsuit (Wall Street Journal)

Saritha Rai / Bloomberg: Boston-based Overjet, which offers AI software that helps diagnose dental disease from scans, raised a $53.2M Series C led by March Capital at a $550M valuation  —  – Overjet hopes to reduce friction in a trip… Read More »Boston-based Overjet, which offers AI software that helps diagnose dental disease from scans, raised a $53.2M Series C led by March Capital at a $550M valuation (Saritha Rai/Bloomberg)

Wataru Suzuki / Nikkei Asia: Japan urges LY Corporation, the operator of Line and Yahoo Japan, to bolster security measures and review its relationship with Naver after user data leaks  —  ‘Significant capital control’ by South Korean shareholder blamed after… Read More »Japan urges LY Corporation, the operator of Line and Yahoo Japan, to bolster security measures and review its relationship with Naver after user data leaks (Wataru Suzuki/Nikkei Asia)

Financial Times: A deep dive into PDD’s finances and operations, which are shrouded in secrecy and raise questions about US investors’ confidence in Temu’s parent company  —  Its finances are a black box and its operations shrouded in secrecy, but… Read More »A deep dive into PDD’s finances and operations, which are shrouded in secrecy and raise questions about US investors’ confidence in Temu’s parent company (Financial Times)

Natasha Mascarenhas / The Information: Presentation: OpenView plans to return ~75% of a $571M fund it raised in 2023 to its LPs by Q3 and use the remaining capital to back ~30 portfolio companies  —  OpenView Venture Partners, the Boston-based… Read More »Presentation: OpenView plans to return ~75% of a $571M fund it raised in 2023 to its LPs by Q3 and use the remaining capital to back ~30 portfolio companies (Natasha Mascarenhas/The Information)

James Hunt / The Block: A Montenegro appeals court cancels the approval of Do Kwon’s extradition to the US, the third time the Terraform Labs co-founder has successfully appealed  —  – A Montenegro court has canceled the approval of Terraform… Read More »A Montenegro appeals court cancels the approval of Do Kwon’s extradition to the US, the third time the Terraform Labs co-founder has successfully appealed (James Hunt/The Block)