APPLE RAISES SUBSCRIPTION
You.com startup is raising $50 million as it targets AI-assistant market
Similarweb dat shows You.com received 11 million visitors in May, marking an increase in web traffic for the year. However, this figure remains below its peak of 20 million visitors in February 2023. Following ChatGPT's role in ignited interest in You.com's AI-powered search engine in early 2023, some users have since started exploring other options.
Unpacking Go Digit’s earnings; PEs in IPO-bound firms
Go Digit General Insurance reported its second consecutive full year of profit in fiscal 2024. This and more in today’s ETtech Top 5.
Ixigo IPO fully subscribed; more layoffs at Paytm
The initial public offering of subscription travel firm Ixigo sailed through on the first day on robust retail interest. Details on this and more in today's ETtech Top 5.
Spotify raises U.S. prices of its premium plans in margin push
On a monthly basis, Spotify has raised prices of its individual plan to $11.99 from $10.99, duo plan to $16.99 from $14.99 and its family plan to $19.99 from $16.99 in the U.S.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
Byju’s seeks lifeline, valuation crashes 99%
Edtech major Byju’s beset with internal and external challenges rolled out a rights issue to raise up to $200 million. In its desperate attempt to raise much-needed capital, it's ready to take a 99% cut in valuation. This and more in today’s ETtech Top 5.
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Fonebox Retail IPO subscribed 9.11 times on Day 1. Check anchor allotment, GMP, other details
The company raised Rs 5.78 crore via anchor allotment in which 682,000 shares were allotted to NAV Capital VCC - NAV Capital Emerging Star Fund at a bid price of Rs 70 per share. The company also allotted 144,000 shares to LC Radiance Fund VCC.
ETtech Explainer | NYT vs OpenAI: Why news publishers are fighting Big Tech over LLMs
Last week’s copyright infringement lawsuit by The New York Times ( NYT) against ChatGPT- maker OpenAI has opened another battlefront between big technology companies and news publishers.
Key takeaways for fintechs from RBI policy meet; ETtech Deals Digest
The Reserve Bank of India has raised payment limits for UPI transactions in hospitals and educational institutions, among a clutch of other measures for the fintech sector, at its monetary policy meeting today. This and more in today’s ETtech Top 5.
Zomato extends profits in Q2; top startup voices at ET Soonicorns Summit
Gurugram-based food delivery company Zomato saw an improved bottomline for Q2 FY24, but even more remarkable was the positive contribution from its quick commerce arm Blinkit. This and more in today’s ETtech Top 5.
Apple's sales fall for the fourth straight quarter despite a strong start for latest iPhones
Cook suggested during a conference call Thursday that Apple is gaining market share in China, but a sluggish economy in that country is causing consumers to curb their spending.
Apple flags ‘state-sponsored’ hacking, govt orders probe; inside PharmEasy’s Rs 3,500-crore rights issue
The Centre has ordered probe after opposition members, journalists received messages on their iPhones, warning them of possible ‘state-sponsored’ privacy attack. This and more in today’s ETtech Morning Dispatch.
Political slugfest after Apple's iPhone attack warning; Data of 81.5 crore Indians leaked
Apple today alerted several opposition leaders to a purported ‘state-sponsored’ attack on their iPhones, kicking off a minor political slugfest. This and more in today’s ETtech Top 5.
Apple raises subscription prices alongside Netflix and Disney+: How does it affect you?
Apple joins the ranks of streaming services like Netflix and Disney+ in unveiling a price hike. This adjustment encompasses various services provided by the tech company, including Apple Arcade, Apple News+, and Apple One packages. The decision follows Apple's previous price increase for Apple TV+ last year, marking yet another alteration in subscription fees.
Apple hikes price of Apple TV+, Apple News+
The price of Apple TV+ was increased to $9.99 per month from $6.99 per month, while the price of Apple News+ was increased to $12.99 per month from $9.99, a month earlier.
OpenAI's revenue on track to reach $1.3 billion this year: Report
ChatGPT developer OpenAI is reportedly going to make $1.3 billion in revenue this year, according to its CEO Sam Altman, amid reports that the AI company is witnessing a slow down in sales.
After incurring huge losses, Spotify increases subscription fees
The company will increase its monthly subscription rate for individual plans by GBP 1 to GBP 10.99. Why this decision has been taken, know in detail.
Spotify raises prices for its premium plans across several countries
Spotify has moved in recent months to boost margins with hundreds of layoffs and a restructuring of the podcast unit, which it had built up with billions of dollars in investment.
Spotify planning to raise subscription charge, first time since 2011: Here's new pricing, key details
Spotify's Premium membership charge has been a constant since over 12 years now. However, as per latest reports, it is now going to revise the current rates by $1 up.
Spotify plans a more expensive subscription tier with HiFi audio: report
Music streaming platform Spotify Technology is planning a more expensive subscription option that is expected to include high-fidelity audio, Bloomberg News reported on Tuesday.
Is Netflix planning to livestream sports event? What we know so far
Netflix is reportedly planning its first live sports event. However, the streaming giant is yet to make any official announcement regarding this.
Apple faces billionaire Vinod Khosla in AliveCor heart monitoring lawsuits
Khosla Ventures LLC put itself on a collision course with Apple Inc. when it moved into the personal health and fitness space a decade ago and invested in AliveCor, a maker of cardiac monitoring devices and software. What might have been a big partnership opportunity for AliveCor in the years following the release of the Apple Watch in 2015, to offer watch bands that monitor heart health, has turned into a messy court fight.
Behind self-regulating Indian tech industry, and other top stories this week
This week ETtech's reporters broke a bunch of stories across fintech, online pharmacy and social media, which highlight the growing push towards self-regulation and the challenges being faced by players in adopting it.
Porn on Amazon's Kindle app prompts warnings from Apple, Alphabet
Apple and Alphabet have raised concerns with Amazon after learning that sexually explicit photographs could be accessed by children on the popular Kindle app and called on Amazon to strengthen its content moderation.
Apple teases its first owned store in India; Sebi’s promoter tag push queers pitch for startups
India has been one of the company’s consistent growth markets. The country features prominently in Apple’s plans to diversify its manufacturing reliance away from China.
Elon Musk defends paid Twitter as blue tick ultimatum looms
Elon Musk made his prediction on the eve of Twitter's April 1 ultimatum that verified accounts with the cherished blue tick that had not forked over cash would lose it.
Big Tech’s earnings dampen sentiment; startup fundraising plunges in Jan
Hit by declining digital advertising revenues and macroeconomic conditions, Big Tech firms’ December quarter earnings came in as disappointing. Alphabet CEO Sundar Pichai, on a post-earnings call, noted that the macroeconomic climate has become more challenging now. Apple CEO Tim Cook, meanwhile, said he is bullish on India.
Elon Musk says 'misunderstanding' with Apple is resolved
On Twitter, Elon Musk posted a video of himself being shown around Apple's campus in Cupertino, California, on Wednesday, walking past a meditation pool.
Twitter Blue subscription priced at Rs 719 in India, more expensive than the US
Elon Musk, the new owner of the microblogging platform, had earlier said the new service would cost $8 and that prices would be adjusted across countries based on their purchasing power parity.
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