Tech Bytes
Mirae Asset Venture raises Rs 1,125 crore in first close of new India-dedicated fund
This compares with the firm’s first flagship fund, which had a corpus of Rs 370 crore, and a late-stage vehicle it launched with a corpus of Rs 700 crore.
Unmasking digital syndicates: How public-private cooperation transforms cyber investigations in India
Indian law enforcement is leveraging blockchain transparency to combat financial crime effectively. Recent initiatives have focused on dismantling cyber fraud and narcotics trafficking syndicates. Collaborations with digital asset exchanges like Binance are crucial for gathering evidence and unraveling these criminal networks. This strategy is paving the way for a more secure digital asset environment that fosters innovation and safety.
CoinDCX strengthens partnership with law enforcement; conducts crypto investigation training for Mira-Bhayander, Vasai-Virar Police
CoinDCX successfully concluded a crypto investigation and VDA awareness program for police. The initiative aimed to strengthen awareness and bridge knowledge gaps in the VDA ecosystem. Officers received training on crypto-enabled financial crimes and modern cyber fraud patterns. This engagement is part of CoinDCX's broader commitment to national financial integrity. The exchange continues its proactive partnership with law enforcement agencies nationwide.
Elon Musk slams 'pretentious' US AI firms as Chinese rivals close in
The billionaire was commenting on a viral thread on X which argued that Chinese AI labs like DeepSeek and Kimi are outperforming expectations not because of superior talent or resources, but because of organisational culture.
Tencent in talks to become AI startup Manus' largest shareholder
Tencent, together with Manus' original investors, including ZhenFund and HSG, are planning to buy the company back from Meta for no less than $2 billion, said one of the sources and a third person briefed on the matter.
SK Hynix advisors win big fee windfall after modest SpaceX payday
The fees equate to about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal size than those who worked on SpaceX's initial public offering.
Rubrik unveils $500 million UK investment, names London as European HQ
Rubrik was established 12 years ago to solve the problem of keeping a business up and running when it was targeted by a cyber attack, Sinha said in an interview. It listed in 2024 and currently has a market value of $17.4 billion.
Netflix strikes deals in short-form video push
Netflix is pushing deeper into the short-form video territory dominated by TikTok and YouTube, striking licensing deals with a slate of major US media publishers to carry bite-sized content on its platform. "Members don't just want to watch a show or film and move on -- they want to keep exploring the stories and personalities they love long after the final credits roll," said John Derderian, Netflix's vice president of animation series and kids and family TV. The publisher push comes as Netflix faces mounting pressure from platforms that have reshaped how audiences consume video.
YouTube defends video that falsely claims Sydney massacre survivor is 'crisis actor'
Lord was questioned about a complaint made by survivor Arsen Ostrovsky about a video posted on YouTube. Ostrovsky was attacked online after an image showing blood streaming from a wound in his head was posted on X two hours after he was shot.
EV maker Rivian aims to raise $1.2 billion from previously announced offering
Shares of Rivian closed around 18% lower at $16.49 on Tuesday. The offering, announced on Monday, comes as Rivian, known for its high-end R1S SUVs and R1T pickups, ramps up the rollout of its smaller, more affordable R2 SUVs, seen as critical to the company's success. The company reported strong second-quarter deliveries and raised its annual delivery forecast last week.
