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Insider
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The world's richest person just put 2 more of his kids on the board of his $404 billion company
- Bernard Arnault, the world's richest person, has appointed two more of his children to LVMH's board.
- Alexandre Arnault, executive vice-president at Tiffany & Co, and Frédéric Arnault, head of LVMH's watches division, are the new board members.
- Four out of Bernard Arnault's five children now sit on the luxury conglomerate's board.
- Bernard Arnault has been preparing his children for leadership roles in LVMH and the succession plan remains undisclosed.
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5
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Engadget
EU criticizes Meta's 'privacy for cash' business model
- The European Union criticizes Meta's 'privacy for cash' business model.
- The European Data Protection Board (EDPB) argues that 'consent or pay' models often don't comply with valid consent requirements.
- EDPB stresses that large online platforms should provide a free option that doesn't involve extensive data processing.
- EU is investigating if Meta's system complies with the Digital Markets Act.
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1.5k reads
14
Insider
Elon Musk reportedly apologized for 'incorrectly low' Tesla severance packages
- Elon Musk apologized to laid-off Tesla employees for incorrectly low severance packages.
- Some employees were offered two months' pay as severance.
- Musk acknowledged the mistake in an email and stated that it would be corrected immediately.
- The layoffs come as Tesla faces a slowdown in sales and increased competition.
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1.5k reads
8
Inc42
Kidswear Startup Includ Pockets Seed Funding From Incubate Fund Asia, Others
- Gurugram-based kidswear startup Includ has raised $1.5 Mn in a seed funding round led by Incubate Fund Asia.
- The funds will be used to improve the supply chain, build technology, create brand awareness, and implement marketing strategies.
- Includ focuses on offering comfortable and stylish clothing options for children aged 0 to 14 years old.
- The Indian kidswear market is projected to reach $24.5 Bn by 2028, attracting investors' interest.
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1.2k reads
14
Analyticsindiamag
Hugging Face Open Source Idefics2, 8B Multimodal Model
- Hugging Face has released Idefics2, an open multimodal model that accepts arbitrary sequences of image and text inputs and produces text outputs.
- Idefics2 surpasses its predecessor, Idefics1, with 8 billion parameters and an open license (Apache 2.0). It also has improved Optical Character Recognition (OCR) capabilities.
- The model outperforms larger rivals in visual tasks and achieves exceptional performance on visual question answering benchmarks.
- Idefics2 integrates visual features into the language backbone using Learned Perceiver Pooling and MLP modality projection, and maintains native resolutions and aspect ratios for image manipulation.
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916 reads
12
Mint
Elon Musk's warns about Google and OpenAI's programming: ‘ChatGPT and Gemini could end civilization’
- Elon Musk warns that Google and OpenAI's programming in ChatGPT and Gemini could lead to the end of civilization.
- Musk's comments were in response to a post by Canadian professor Gaad Saad, who criticized the subjective nature of truth.
- Musk has been critical of OpenAI and Google's 'woke' programming and recently filed a lawsuit against OpenAI.
- He claims that OpenAI's pursuit of profits contradicts its initial vision of benefiting humanity.
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1.4k reads
19
HinduBusinessLine
Image Credit: HinduBusinessLine
Uniqus Consultech raises $10 million in Series B funding led by Nexus Venture Partners
- Uniqus Consultech has raised $10 million in Series B funding led by Nexus Venture Partners.
- The funding round also saw participation from Sorin Investments.
- The latest funding will enable Uniqus to expand their solutions portfolio, explore new markets, and accelerate their growth plans.
- Uniqus plans to set up an AI-focused practice and aims to achieve $150 million in revenue by 2027.
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940 reads
16
Yourstory
The Good Glamm Group makes changes in organisational framework, leadership ahead of IPO
- The Good Glamm Group has implemented an agile organisational framework ahead of its IPO.
- The company has made significant leadership role changes, including the appointment of Manan Jain as the Chief Operating Officer.
- Other leadership changes include Kartik Rao as the Chief People Officer and Senior Vice President of Founder Initiatives, and Ketan Bhatia as the Group Brand Director.
- The organisational framework aims to streamline collaboration, empower junior managers, and eliminate redundancies to boost productivity.
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1.1k reads
23
Infoworld
Java services hit hardest by third-party vulnerabilities, report says
- Java services are the most impacted by third-party vulnerabilities, according to a report by Datadog.
- 90% of Java services are susceptible to critical or high-severity vulnerabilities introduced by third-party libraries.
- Java services are also most likely to be vulnerable to real-world exploits with documented use by attackers.
- The report highlights the importance of strong security measures and contextual prioritization in modern devops practices.
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845 reads
9
Cryptonewsz
BlockDAG’s moon teaser propels $17.9M presale, surpassing BitcoinDogs and Memeinator
- BlockDAG, a crypto project, surpasses BitcoinDogs and Memeinator in a $17.9M presale.
- BlockDAG utilizes Directed Acyclic Graph (DAG) structures and advanced algorithms.
- BlockDAG offers a potential ROI of 30,000x and addresses the blockchain trilemma.
- BlockDAG's moon-based video teaser enhances its market position and popularity.
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930 reads
22
Minis
Microsoft sacks employee who was with them for 33 years, worked on Windows 95; here's why
- Jeff Bodgan, a Microsoft veteran of 33 years renowned for his work on Windows 95, was recently sacked due to the adoption of a new HR model.
- His role as Director of Learning and Development was eliminated as HR shifted to a hub and spoke model. Bodgan, who also contributed to Windows Phone and Zune, had pitched a progressive L&D strategy.
- Despite his significant contributions, his tenure ended abruptly in February. His LinkedIn post reflecting on his Microsoft journey garnered support from peers and colleagues, lamenting the loss of a valued member and wishing him success in future endeavors.
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1.2k reads
20
Siliconangle
Microsoft invests $1.5B in UAE-based AI company G42
- Microsoft is investing $1.5 billion in UAE-based AI company G42.
- As part of the deal, Microsoft will receive a minority stake in G42, and Brad Smith is joining G42's board.
- G42 agreed to remove hardware made by Huawei from its AI infrastructure, and it reached an understanding with the US Commerce Department to scale back its presence in China.
- G42 will use Microsoft's Azure cloud platform for its AI development efforts, including moving its data platform to Azure, delivering AI software to customers, and establishing a $1 billion developer fund.
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822 reads
9
HinduBusinessLine
Microsoft, Google, LinkedIn most mimicked in brand phishing attacks
- Microsoft, Google, and LinkedIn were the most counterfeited brands in brand phishing attacks in the first quarter of 2024.
- Microsoft remained the most counterfeited brand at 38%, followed by Google at 11%.
- Brand phishing involves criminals creating fake websites that imitate well-known brands to trick users into sharing personal and financial information.
- The top 10 most counterfeited brands also included Apple, DHL, Amazon, Facebook, Roblox, Wells Fargo, and Airbnb.
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587 reads
2
TechSpot
Image Credit: TechSpot
Microsoft blames a bug for accidentally installing Copilot on Windows 11 devices
- Microsoft blames a bug for accidentally installing Copilot on Windows 11 devices.
- The installation of the Copilot app without user notification caused confusion among Windows 11 users.
- Microsoft clarified that it was a bug resulting from an improper installation of another feature.
- The Copilot app does not run in the background, collect data, or execute any code.
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729 reads
7
Startup Story
Sapience Automata Secures INR 1.75 Crore in Seed Funding to Enhance Road Safety with AI-Driven Technology
- Sapience Automata, an AI-powered driver assistance technology startup, has raised INR 1.75 crore in seed funding.
- The funding round was led by Inflection Point Ventures and will be used to enhance their advanced driver-assistance systems (ADAS) technology and expand sales.
- The company aims to reduce road accidents by 90% in India by 2030 and focuses on developing ADAS technology specifically for Indian roads.
- Their unique selling proposition lies in their custom-designed products tailored to the challenges of Indian driving conditions.
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809 reads
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