Remain

Ben Glickman / Wall Street Journal: Robinhood co-founder and Chief Creative Officer Baiju Bhatt plans to step down to pursue other entrepreneurial interests, but will remain on the company's board — Bhatt to remain a member of the board — Robinhood Markets co-founder Baiju Bhatt will step down from his chief creative officer role … Ben Glickman / Wall Street Journal: Robinhood co-founder and Chief Creative Officer Baiju Bhatt plans to step down to pursue other…

As ski passes for the 2024-25 season go on sale this month, one small Colorado resort has decided it will not open for at least the next year. Hesperus Ski Area near Durango said it “will not operate for the 2024/2025 season. … Both downhill and uphill skiing as well as winter tubing will not be available.” That means Hesperus will be closed for two consecutive seasons after a mechanical failure with its sole chairlift prevented the ski area from opening this winter. While Hesperus’ Bighorn Lift is still in disrepair,…

It’s March 7th, the big deadline day for the Digital Markets Act (DMA). The law came into effect on Thursday, so all the big tech companies operating gatekeeper services must have updates in place to accommodate the requirements. For Apple, it’s iPhone sideloading support via iOS 17.4. For Meta, that means WhatsApp and Facebook Messenger interoperability (interop, as Meta calls it) chats.How about users? I’m a European who will be able to take advantage of all these DMA-related benefits. I already know I don’t…

Amid tough market conditions, digital bank Monzo has raised £340mn (€409mn) in new funding, reaching a post-money valuation of £4bn (€4.7bn). The round was led by new investor CapitalG, the growth fund of Google’s parent company Alphabet. GV (Google Ventures, Alphabet’s venture capital investment arm) and HongShan Capital (a ChineseVC firm that split from Sequoia Capital last year) also participated, alongside existing investors including Passion Capital and Tencent. Monzo says that the fresh…

Byju Raveendran, founder of troubled edtech Byju’s, emphasised to his staff in a note on Saturday saying he remains the chief executive of the firm and there are no changes at the company. His note comes a day after a group of investors unanimously voted to oust him as the CEO of the online education platform. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech,…

Major tech companies announced a new pact at the Munich Security Conference on Friday pledging to fight AI-generated fakes that are intended to deceive the public and influence elections. The press conference, which was livestreamed online, featured leaders from Big Tech firms who’ve been under immense pressure in recent years to address the misinformation that’s proliferated online as it becomes easier to literally put words in someone else’s mouth.Like It or Not, Your Doctor Will Use AI | AI UnlockedThe signatories of…

The global venture capital market is enduring a long period of limited exits. Startups are staying private longer, M&A is quiet in part due to sharpened regulatory oversight, and the IPO market remains frozen. This means many historical venture deals are slowly rotting on the vine, in IRR terms. The crypto market is no different, but some investors in the space are unfazed. New data from PitchBook’s Q4 2023 Crypto Report makes it clear that if the larger startup market is suffering from an exit drought, crypto…

In April, a dozen years after a federal agency classified formaldehyde a human carcinogen, the Food and Drug Administration is tentatively scheduled to unveil a proposal to consider banning the chemical in hair-straightening products.The move comes at a time of rising alarm among researchers over the health effects of hair straighteners, products widely used by and heavily marketed to Black women. But advocates and scientists say the proposed regulation would do far too little, in addition to being far too late.“The fact…

If you’ve noticed Apple Vision Pro is missing some key app experiences, a leading industry analyst has just explained why.In the latest edition of his “Power On” newsletter, Mark Gurman reviews some of the main parts of Apple’s latest headset, praising its digital content and eye tracking. He goes on to criticize its passthrough, and further states “The lack of apps on the Vision Pro is a real drawback.“ Later on, he answers the question “Why are developers not moving more quickly to create visionOS apps?” where he goes…

Global professional services and business process management firm Genpact on Thursday posted a jump in its fourth-quarter net profit at $291.3 million, rising 225% year-on-year (yoy) driven by a non-recurring tax benefit of $170 million related to an intercompany transfer of intellectual property. The net profit without the tax benefit stood at $121 million as compared to $90 million a year ago and $118 million in the preceding quarter.The revenue for the quarter ended December rose 4% to $1.15 billion, beating…