techcrunch.com |

Report: fintech startups across India, Africa, and Latin America raised a total of $23B since 2017; Indian companies raised $11.6B, including $4.8B just in 2019

Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of these markets like Africa, Latin America and India, have comprehensive reports by publications and firms on trends and investments in their individual regions. But there’s hardly a report to […]
www.cmu.edu |

Researchers used an ML algorithm based on neural networks to upgrade a cosmological simulation from low to super resolution, helping to accelerate their studies

Researchers at Carnegie Mellon University have developed a way to create a complex simulated universe in less than a day. The technique, published in this week’s Proceedings of the National Academy of Sciences, brings together machine learning, high-performance computing and astrophysics and will help to usher in a new era of high-resolution cosmology simulations.
www.bloomberg.com |

Bain & Co: social commerce accounted for ~44% of Southeast Asia's $109B e-commerce market in 2020; Vietnam leads with 65% adoption while Thailand is at ~50%

Samantha Proyrungtong, co-owner of an artisan food shop in downtown Bangkok, keeps three phones and a laptop glued to Facebook and Softbank Group-backed Line Corp.’s social-media app throughout the workday. She needs them not to hear from friends and relatives but to get orders from customers since her shop, Vivin Grocery, relies on chat applications for a big part of its sales of goat cheeses, locally sourced jams and organic vegetables.
9to5mac.com |

Court docs detail Apple's app review process: 500+ people review ~100K apps/week, app rejection rate is less than 40%, less than 1% of rejections are appealed

As the Epic Games v. Apple court case goes forward, we have been learning more details about internal discussions within each company about their business models and more. With the testimony of Trystan Kosmynka, one of the heads of the App Store, more information about the App Store review process has been revealed. In a […]
petri.com |

Sources: Microsoft will not ship Windows 10X this year and the OS as it was announced will likely never ship as Microsoft concentrates on updating Windows 10

Back in the fall of 2019, Microsoft held a Surface event that will likely go down in history as one of the most ambitious announcements from the company. At the keynote, Microsoft unveiled three new products that were not only completely new for the company but also pushed them in a bold new direction. The …
techcrunch.com |

Bitski, which builds custom NFT storefronts for brands and creators, raises $19M Series A led by a16z and others including Jay-Z, MrBeast, and Serena Williams

For every crypto-skeptic that sees NFTs as yet another hype bubble, there’s an acolyte who sees NFTs as the key to unlocking the future of the creative web. Bitski, an SF-based startup that builds custom NFT storefronts for brands and creators, is banking on the latter, and they have new investors betting the same. The […]
techcrunch.com |

Lightmatter, which is developing AI chips that use light signals rather than electrical signals, raises $80M Series B, bringing its total raised to about $113M

AI is fundamental to many products and services today, but its hunger for data and computing cycles is bottomless. Lightmatter plans to leapfrog Moore’s law with its ultra-fast photonic chips specialized for AI work, and with a new $80 million round, the company is poised to take its light-powered computing to market. We first covered […]
techcrunch.com |

Singapore-based Rainforest, which wants to consolidate Asia-Pacific Amazon Marketplace brands, raises $36M in seed funding led by Nordstar

Singapore-based Rainforest is one of the newest entrants in the wave of startups that “roll-up” small e-commerce brands. Launched in January by alumni from some of Southeast Asia’s top startups, including Carousell, OVO and Fave, Rainforest acquires Amazon marketplace sellers. This is similar to the Amazon-centric approach taken by Thrasio, Branded Group and Berlin Brands […]
techcrunch.com |

Snap to launch a Creator Marketplace later this month to let businesses find Snapchat creators, including lens makers, with plans to expand to Snap Stars

Snap on Wednesday announced its plan to soon launch a Creator Marketplace, which will make it easier for businesses to find and partner with Snapchat creators, including Lens creators, AR creators and later, prominent Snapchat creators known as Snap Stars. At launch, the marketplace will focus on connecting brands and AR creators for AR ads. […]