Category Archives: Tech

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Tencent’s Riot Games cuts 11% of global workforce

Riot Games is the latest to cut jobs in the gaming industry after Amazon, ByteDance and Epic Games.

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AC Ventures closes its new $210M Indonesia-focused fund

In the middle of a long funding winter, AC Ventures’ latest news will give Southeast Asian startups hope. The Jakarta, Indonesia–based venture firm announced today it has raised $210 million, finishing the final close on its fifth fund, called ACV … Continue reading

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Tencent’s Riot Games division cuts 11% of staff to ‘create focus’

Riot said it’s cutting headcount for Legends of Runeterra and giving up on an initiative to publish games from indie developers.

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Gross Profit vs. Net Profit: What Is the Difference?

A business’s health is measured differently depending on which costs are considered. Gross profit paints a different picture than net profit.

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SolarWinds hackers attack Microsoft in apparent recon mission

Microsoft has confirmed it was the subject of a hacking attack by Midnight Blizzard in what is said to have been a targeted recon mission. The hackers, also known as ATP29, Cozy Bear, and Nobelium, are considered to be state-sponsored … Continue reading

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Alphabet’s X lab revamps structure, embraces external funding amid layoffs

Alphabet’s X, a division of the company known for its groundbreaking technology projects, is undergoing significant changes, including staff layoffs and a shift toward external funding. According to a Bloomberg report, the lab, which has been at the forefront of … Continue reading

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WhatsApp building file transfer like Apple’s AirDrop

WhatsApp is working on a new sharing feature that works similarly to Apple’s AirDrop, allowing users to exchange files with others nearby. A report from WhatsApp news site, WABetaInfo, revealed the latest beta version of the popular messenger app, owned … Continue reading

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Apple pays $13.7m fine to Russia in antitrust lawsuit

Apple has paid a fine of $13.65 million (1.2 billion rubles) for reportedly violating anti-monopoly laws in Russia, the country’s FAS antitrust agency has said. In a statement on the FAS agency website, Russian authorities said that the tech giant’s … Continue reading

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TikTok experiments with AI-generated music feature, stirring mixed reactions

TikTok, the platform that has become a launchpad for viral music, is now testing the waters of artificial intelligence with its “AI Song” feature. According to Business Insider, this tool allows users to generate custom backing tracks for their videos, … Continue reading

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Plural, the VC led by founders, pulls together a new $432M fund to back European startups

European VC Plural has carved out a reputation for itself as one of the few VC’s in the region started and led by entrepreneurs who grew their own startups, with its founders including Taaavet Hinrikus from Transferwise/Wise; Sten Tamkivi; and … Continue reading

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