Global

Spotify Faces €76M Tax Hit Amidst Subscriber Growth and Revenue Surge

Consumer tech, Global /

What’s Happening? Spotify has reported a significant increase in premium subscribers and revenue for Q1 2025, but a €76 million charge related to payroll taxes has impacted its operating profit, leading to a decline in share value. The company added 5 million premium subscribers, bringing the total to 268 million—a 12% year-over-year increase. Monthly active […]

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Instagram Challenges TikTok with New ‘Edits’ App for Video Creators

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What’s Happening? Instagram has rolled out a standalone video editing app called ‘Edits’, aimed at rivaling TikTok’s CapCut and strengthening its position in the creator economy. The new app allows users to organize projects, shoot and edit videos, and access performance insights, all in one place Instagram announced the launch of the Edits app on

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Perplexity to Start Testing Ads in AI-Powered Searches

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Perplexity Starts Testing Ads in AI-Powered Searches AI search engine Perplexity has started rolling out ads, a big step as it looks to boost its revenue model. Ads will appear as “sponsored follow-up questions,” and will be labeled and positioned next to search answers. For now, this experiment is only in the U.S., with partners

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Ex-OpenAI CTO Mira Murati is reportedly raising funds for her own AI startup.

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Mira Murati, who recently stepped down as OpenAI’s CTO, is already back in the game—this time, fundraising for her own AI startup. According to Reuters, Murati is aiming to raise over $100 million to develop AI products built on proprietary models. Murati left OpenAI last month, saying she wanted “time and space” to explore new

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Elon musk X is back in brazil after initial suspension

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X Is Back in Brazil! The Brazilian Supreme Federal Court (STF) has approved the immediate return of X (formerly Twitter) after the platform met all legal requirements. The court has also directed the National Telecommunications Agency (Anatel) to restore service across the country. What Led to This?X was suspended on August 31 after Musk defied

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OpenAI Raises Record-Breaking $6.6 Billion in Largest VC Round Ever

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OpenAI, the AI research powerhouse behind ChatGPT, has just closed the largest venture capital round in history, securing $6.6 billion in funding, bringing its post-money valuation to $157 billion. Led by Thrive Capital, the round includes major investments from Microsoft, Nvidia, SoftBank, and others, boosting OpenAI’s total funding to $17.9 billion, according to Crunchbase. Thrive

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SoftBank to Invest $500 Million in OpenAI Amid $6.5 Billion Fundraising

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Japanese telecom giant SoftBank is preparing to invest $500 million in OpenAI as part of the AI company’s latest $6.5 billion fundraising round, according to sources familiar with the deal. While SoftBank remained tight-lipped on the matter, OpenAI has yet to provide an official comment. What’s the Deal with OpenAI? OpenAI, the company behind ChatGPT,

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