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As search engine incumbents — namely Google — amp up their platforms with gen AI tech, startups are looking to reinvent AI-powered search from the ground up. It might seem like a Sisyphean task, going up against competitors with billions upon billions of users. But this new breed of search upstarts believes it can carve out a niche, however small, by delivering a superior experience. One among the cohort, Perplexity AI, this morning announced that it raised $70 million in a funding round led by IVP with additional…

President Bola Ahmed Tinubu has welcomed an investment of $520 million in specialised agro-processing zones by the African Development Bank (AfDB). He praised the president of the multilateral institution, Adewunmi Adesina, for further opening up the economy for investments that provide job opportunities and poverty reduction. Receiving Mr Adesina after the two-day summit on A New Global Financing Pact in Paris, Mr Tinubu said the agro-industrial project strengthens an area of the country’s competitive advantage…

Hello everyone and welcome to this week's Nintendo recap. Despite it being a holiday weekend, there was some interesting developments in the Switch world. First off, it was announced that Fortnite's maker, Epic Games, will pay roughly half a billion dollars to settle legal complaints raised by the FTC around children's privacy and accidental purchases. I'll go into detail on that and explain who is eligible for refunds.In other news, the highly-anticipated Sports Story shadow-dropped onto the eShop along with several…

Photo: Wachiwit (Shutterstock)In a sweeping settlement announced Monday, the Federal Trade Commission fined Epic Games a whopping $520 million after accusing the Fortnite-maker of a variety of unsavory business practices. The complaint touches on a range of issues from alleged violations of children’s privacyto tricking users into unintentional purchases, but there’s an overarching theme: deceptive design. Epic agreed to make a number of changes to its interfaces as part of the settlement, like adding friction in the…

Epic Games is the company behind the popular game Fortnite and the company that would like to host its own app store on iPhone and charge players through its own payment system. Epic intentionally caused Apple to ban Fortnite from iPhone so it could the Cupertino-based giant, but it lost that case. And now, Epic Games will have to pay two record fines totaling a combined $520 million after settling with the Federal Trade Commission (FTC). Epic will pay $275 million for violating a children’s privacy law (COPPA)…

The maker of the popular Fortnite video game will pay $520 million in penalties and refunds to settle complaints revolving around children's privacy and its payment methods that tricked players into making unintended purchases, U.S. federal regulators said. The Federal Trade Commission reached the settlements to resolve two cases against Epic Games Inc., which has parlayed Fortnite's success in the past five years to become a video game powerhouse. The $520 million covered in the settlement consists of $245 million in…