The Dutch data protection watchdog on Tuesday issued facial recognition startup Clearview AI with a fine of 30.5 million euros ($45.6 million Cdn) over its creation of what the agency called an “illegal database” of billions of photos of faces. The Netherlands’ Data Protection Agency, or DPA, also warned Dutch companies that using Clearview’s services … Read more
New Delhi: At least 31 homegrown startups raised more than $466 million in 22 deals this week, a significant 75 per cent rise from last week. Quick e-commerce platform Zepto raised $340 million in a follow-on financing round, taking the company’s valuation to $5 billion. General Catalyst led the round, with Dragon Fund, and Epiq … Read more
New Delhi: Riding on the momentum amid resilient economic growth, the Indian startup ecosystem saw funding worth $113 million this week in nearly 22 deals. Dairy and grocery startup Country Delight secured $8.45 million in debt funding from Alteria Capital. In May this year, Country Delight had secured $9 million through a combination of debt … Read more
Opinions expressed by Entrepreneur contributors are their own. Not all companies are meant to last forever, and that doesn’t necessarily mean they’ve failed. Failure only occurs when the exit doesn’t result in a favorable return to stakeholders. As shown by this metric, between 75% and 90% of all startups fail, compared to about 70% for … Read more
A new agreement between Canada and the United States is reigniting the possibility of a spaceport in rural Nova Scotia. Federal cabinet minister and Nova Scotia MP Sean Fraser announced in Halifax Friday that the two countries have negotiated a Technology Safeguards Agreement, which would allow the use of U.S. space launch technology, expertise and data … Read more
Canada’s defence department and military are approaching the implementation and use of artificial intelligence in a “fragmented,” unco-ordinated manner, says a newly prepared federal strategy. The long-awaited overview of how to deal with rapidly evolving machine-learning technology is being met with mixed reviews by some high-tech and civil society experts who had been expecting more clarity on … Read more
New Delhi: Homegrown Generative AI (GenAI) startup Devnagri on Thursday said it has raised an undisclosed amount in a pre-Series A round led by Inflection Point Ventures. The B2B-focused Indian language translation startup said new funds will be allocated to marketing, sales, technology scaling, R&D, infrastructure, and administrative expenses. Devnagri offers personalised business communication to … Read more
Oxygen is being produced on the ocean floor — seemingly by ancient lumps of metal — according to a new study. That discovery is putting the scientists behind it at odds with the Canada-based mining company that funded them. “We were the worst critics of this paper for a long time,” Andrew Sweetman of the Scottish … Read more
Cost of Living5:08Trade you a breadmaker for banana bread? When Samantha Fanning was expecting her second child, the room that would become the baby’s nursery needed a major glow-up. But as a professional photographer and at the time a single mother, Fanning didn’t have room in her schedule — or the painting skills required — to transform … Read more
Have you heard about the website, Frank? It helped students apply for Federal student aid in under five minutes, usually taking hours, and the process has always been notoriously tricky. It turns out the whole scheme was a fraud, and Frank founder Charlie Javice, 31, is now facing 100 years of prison time after being … Read more
