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Twitter is (finally) cracking down on bots

Twitter is (finally) cracking down on bots Twitter is cracking down on bots after it announced changes to its API that will massively reduce the impact of services that allow links and content to be shared across multiple accounts, i.e. the software that powers Twitter bots. So that means an end to services that let those controlling large numbers of accounts to batch tweet, follow users, retweet or like tweets. Twitter will continue to allow content to be posted to accounts using software, for example, weather alerts, RSS feed updates…

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India’s Capillary Technologies raises $20M from Warburg Pincus and Sequoia

India’s Capillary Technologies raises M from Warburg Pincus and Sequoia Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to use the capital to develop its products and R&D, including a new focus on the fast-moving consumer goods (FMCG) space where it works with brands directly on marketing and e-commerce. Nearly two-thirds of the money will go towards developing artificial intelligence (AI) technology, it added….

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Skelter Labs raises $9M to help put Korea on the global AI map

Skelter Labs raises M to help put Korea on the global AI map China and the U.S. are the two countries most closely associated with artificial intelligence (AI) technology, but a startup in Korea is out to add its nation to mix after it raised more than $9 million from some big-name investors. Skelter Labs, which was founded in 2015 by Google’s former chief technical officer in Korea, announced today that it has raised KRW 10 billion ($9.3 million). Korean internet and messaging giant Kakao is a major backer, investing in the…

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SoftBank’s $100B Vision Fund could get more capital from the Middle East

SoftBank’s 0B Vision Fund could get more capital from the Middle East SoftBank’s Vision Fund looks set to bring on more capital from the Middle East as it bids to reach its $100 billion fundraise target. The fund has already deployed around one-third of the $93 billion it raised in its first close, according to statements released earlier this month, and now it is on the hunt for more LPs. The Middle East has proven to be fertile soil for the Vision Fund, with UAE-based Mubadala Investment Company and Saudi…

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Google’s Tez payments app now lets users handle their utility bills and more

Google’s Tez payments app now lets users handle their utility bills and more Google’s Tez payment service in India has got a major update that allows users to pay their utilities and other bills via the app. The service was launched last September for iOS and Android and it initially allowed for payments between bank accounts using India’s UPI (Unified Payments Interface) protocol. Now the app has gotten support to pay for bills from more than 80 organizations — including national/state electric, gas and water, and TV/internet services — with more…

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Telegram has raised an initial $850M for its billion-dollar ICO

Telegram has raised an initial 0M for its billion-dollar ICO It looks like Telegram’s billion-dollar ICO has reached its first milestone after the chat app company raised an initial $850 million, according to a filing. A document submitted to the SEC earlier this week states that the money was raised “for the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the other purposes.” The security is described as “purchase agreements for cryptocurrency” and the filing is signed by Telegram CEO Pavel Durov. This initial sum is…

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ICO startups band together to create $100M+ grant fund for Ethereum projects

ICO startups band together to create 0M+ grant fund for Ethereum projects In a first of its kind, half a dozen ICO companies have come together to collaborate on a new fund that promises to pay out more than $100 million to promising projects in the Ethereum crypto space. The vehicle — called the Ethereum Community Fund — will be supported by crypto projects Omise Go, Cosmos, Golem, Maker, and Raiden, with Japanese VC Global Brain also in tow. The door is open for other projects and companies to join and the fund…

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India’s Zoomcar raises $40M led by automotive giant Mahindra & Mahindra

India’s Zoomcar raises M led by automotive giant Mahindra & Mahindra India’s Zoomcar — which operates an on-demand car rental service — has raised a $40 million Series C round led by Mahindra & Mahindra, the 70-year-old Indian corporation that specializes in automotive. Ford and other existing investors also took part in the round, Zoomcar confirmed. CEO and co-founder Greg Moran added that the round is still open and may be extended with other investors coming in. As it stands, the new capital takes Zoomcar to around $100 million from investors to…

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As Stripe backs away from crypto payments, Coinbase offers a new solution for e-commerce

As Stripe backs away from crypto payments, Coinbase offers a new solution for e-commerce Popular payment enabler Stripe announced plans to end support for bitcoin last month, but crypto exchange Coinbase is stepping into the gap after it released a new option for online merchants. Coinbase — which is best known for its service that converts fiat into bitcoin, Ethereum, Litecoin or Bitcoin Cash — is valued at $1.6 billion after raising $100 million last year. The company reportedly booked $1 billion in revenue last year, according to Recode, and…

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Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

Chat app Kakao’s games business lands 0M from Tencent and others ahead of IPO Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a range of other strategic investors. The company, which owns Korea’s top mobile messaging app and one of the country’s largest internet portals, operates a sprawl of business that include taxi-hailing, deliveries, comics, payments and more. It has adopted the spin-out approach favored by…

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