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Daily Tech News: Chocolate Finance, xAI, Zepto, Virtuix, Unabiz

August 16, 2024

Here are the top stories on Techzi

Chocolate Finance Stirs Up Singapore’s Cash Management Scene

  • Singlife founder launches Chocolate Finance.

  • New venture offers high-yield cash management alternative.

  • Product attracts customers despite potential volatility concerns.

How to Survive a Venture Winter

Guest Author: Viktoriya Tigipko

  • Venture funding has plummeted.

  • Differentiated VC strategies are crucial for survival.

  • TA Ventures thrives with a global, early-stage focus.

Amazon’s MrBeast TV Show Gamble Hits Unexpected Snags

  • Amazon’s MrBeast show faces safety controversies.

  • Creative control decision backfires.

  • Advertising deals stall, launch date uncertain.

A Bit of Startup Humor for Today

Managers That Scale vs. Ones That Do Not

Guest Author: Ken Leaver

  • Systematic managers scale better.

  • They use consistent processes for all tasks.

  • This approach outperforms shortcut-takers in the long run.

Elon Musk’s xAI Unleashes Unfiltered Image Generation, Powered by Black Forest Labs

  • Musk’s xAI launches unfiltered image generator.

  • Black Forest Labs powers controversial feature.

  • Misinformation concerns grow amid lack of safeguards.

VC Industry Faces Reality Check: Layoffs, Frustrations, and Exodus

  • Venture capital industry faces significant downturn.

  • Layoffs increase, promotions become scarce.

  • Many investors seek exit, questioning the industry’s long-term prospects.

Zepto Speeds Ahead in India’s Quick-Commerce Race with $340M Boost

  • Zepto raises $340M, valued at $5B.

  • Quick-commerce startup expands dark store network.

  • Traditional e-commerce giants face increasing competition in India’s evolving retail landscape.

Virtuix’s VR Treadmill Finally Crosses the Finish Line

  • Virtuix launches VR treadmill after decade-long development.

  • $2,595 system aims to solve VR locomotion issues.

  • 3,000 pre-orders indicate strong market interest.

UnaBiz Secures $25M in Pre-Series C: IoT Solutions Get a Power-Up

  • UnaBiz raises $25M in Pre-Series C funding.

  • IoT startup connects 13.5M devices globally.

  • Sigfox 0G acquisition fuels expansion into new markets.

Did you miss yesterday's daily news show?? Then it’s not too late to check it out now!

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