Why Temu Bought So Many Super Bowl Ads
[Business]
2024/02/17 09:06
Online marketplace Temu ran the same ad so much during the Super Bowl broadcast that news publications can’t agree on whether it aired 5 or 6 times, as the Chinese-owned platform looks to keep interest in its app burning in the US.With the average 30-second slot reportedly costing ~$7m, PDD Holdings, the company behind Temu, may have splashed out as much as $42m on the promotions… and that’s...
Your AI Girlfriend Is a Data-Harvesting Horror Show
[Business]
2024/02/17 09:05
The privacy mess is troubling because the chatbots actively encourage you to share details that are far more personal than in a typical app.Lonely on Valentine’s Day? AI can help. At least, that’s what a number of companies hawking “romantic” chatbots will tell you. But as your robot love story unfolds, there’s a tradeoff you may not realize you’re making. According to a new study from Mo...
Overworld Raises $10M to Create Anime-Inspired Free-to-Play ARPG
[Investing]
2024/02/17 09:04
Overworld, the developer partnered with blockchain games publisher Xterio, announced today that it has raised $10 million in a seed funding round. The studio is working on its first game, also temporarily named Overworld, a web3 free-to-play action-RPG with anime-inspired artwork that runs on the Xterio ecosystem.Jeremy Horn, Xterio’s COO, spoke to GamesBeat in an interview about what kind of...
(Patent) Ford Patents a “Stair Climbing Robotic Vehicle”
[Tech]
2024/02/15 09:10
Ford wants its cars to not just be bound to the road. The automaker wants to patent a “ stair climbing robotic vehicle.”Patent Application : https://bit.ly/42FWUpS[USPTO]
(PDF) Mckinsey - The Secrets of Outperforming Family-Owned Businesses
[Business]
2024/02/15 09:09
Family-owned businesses that combine four critical mindsets with five strategic actions have a chance to quadruple their value in the next decade—while maintaining resilience.These days, organizations across industries and geographies are doing everything they can to bounce forward from recent economic, geopolitical, and technological disruptions.For them, resilience may be a relatively new co...
(Video) Brilliant Labs Frame Redefines Eyewear With AI-Powered Smart Glasses
[Product]
2024/02/15 09:08
These new smart glasses can teach people about the world thanks to generative AI.It was only a matter of time before someone added generative AI to an AR headset and taking the plunge is start-up company Brilliant Labs with their recently revealed Frame smart glasses.Looking like a pair of Where’s Waldo glasses (or Where’s Wally to our UK readers), the Frame houses a multimodal digital assist...
Lagging Fertility Rate Means Diapers Aren’t Just for Babies Anymore
[Business]
2024/02/15 09:07
P&G and Kimberly-Clark are trying to lure shoppers with premium features, while expanding products for older children and adults.Disposable diapers came to be in the US around the same time that large numbers of women joined the workforce during World War II and no longer had time to wash the cloth versions. These tiny work savers soon became a staple and for decades were a reliable source...
Roam Raises $24M to Scale Electric Vehicle Production in Kenya
[Investing]
2024/02/15 09:06
Roam, an EV startup based in Kenya, has raised $24 million in a Series A round, including up to $10 million debt commitment from the U.S. International Development Finance Corporation (DFC), to scale the production of electric motorcycles and buses.Equator, an Africa-focused climate tech VC fund, led the round, which also had the participation of several investors, including At One Ventures, TE...
Billionaire Wealth : The Biggest Winners and Losers in 2023
[Investing]
2024/02/15 09:05
In early February, Mark Zuckerberg added $28 billion to his wealth in a matter of hours as Meta’s shares soared after the company announced its first dividend payout.This follows a banner year for the Facebook founder, who saw his wealth surge 173% in 2023. Like Zuckerberg, many tech billionaires added huge sums to their wealth as the stock market rebounded.This graphic, from Preyash Shah, sho...
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