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Daily Tech News: Microsoft, GoTo, JD.com, PropertyGuru, Didi, VinFast

May 23, 2024

Here are the top stories on Techzi

Microsoft Doubles Down on AI with Copilot+ PCs and Windows Overhaul

  • Microsoft unveils AI-powered Copilot+ PCs and AI-centric Windows overhaul.

  • Dedicated chips enable novel capabilities like retrospective search.

  • Windows to become “AI operating system” with immersive experiences.

GoTo Gears Up for Key Shareholder Meetings

  • GoTo to reshuffle board, with founders exiting.

  • CEO Walujo to gain more power.

  • $200M buyback planned amid improving finances.

Working for Weeks without Feedback Is Stupid

  • Team presented work to CEO, got decimated for missing target.

  • Ken Leaver gets constant stakeholder feedback to avoid wasting weeks.

  • Frequent micro-alignment prevents going off-track.

JD.com’s $1.5 Billion Bond Bonanza: Convertible Senior Notes on the Menu

  • JD.com seeks to raise $1.5 billion through convertible senior notes due in 2029.

  • Early investors can snag an extra $225 million within a 30-day window.

  • Despite a 3.5% stock tumble, JD.com reported strong Q1 2024 results.

PropertyGuru’s Q1 Loss Slims Down, Singapore Market Flexes Muscles

  • PropertyGuru’s Q1 loss narrows to $4.6 million, with revenue rising 11.9% to $27 million.

  • Singapore market shines, while Vietnam and Malaysia face challenges amid market weakness.

  • The company remains optimistic, focusing on strategic investments and leveraging AI for growth.

Didi Co-Founder Jean Liu Bids Adieu to President and Board Director Roles

  • Didi co-founder Jean Liu resigns as president and board director after a decade.

  • Liu, a former Goldman Sachs banker, was instrumental in Didi’s growth and success.

  • Liu’s leadership solidified Didi’s position in the ride-hailing industry.

NHTSA Launches Probe into Fatal VinFast VF8 Crash

  • NHTSA investigates fatal crash involving VinFast VF8 electric SUV that killed a family of four.

  • The complaint suggests a potential issue with the vehicle’s lane assist feature.

  • VinFast’s U.S. rollout has been troubled by quality issues and a recent recall.

Billionaire Frank McCourt Joins the TikTok Takeover Tango

  • Billionaire Frank McCourt joins the race to acquire TikTok’s US business.

  • McCourt assembles a team of experts to navigate the TikTok takeover.

  • The acquisition aims to create an open-source platform.

ThinKuvate’s $12M Indian Startup Safari: Hunting for the Next Big Thing

  • ThinKuvate launches $12M India-focused fund to back 12-15 early-stage startups annually.

  • The fund will scout for investments in emerging and established hubs across India.

  • ThinKuvate has invested $5M in 22 startups, with 40% receiving additional funding.

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

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