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Daily Tech News: Mynt, Bill Gates, Google, Grab, Oculus, ONDC

August 19, 2024

Here are the top stories on Techzi

Philippine E-Wallet Giant Mynt Soars to $5 Billion Valuation

  • Philippine e-wallet Mynt doubles valuation to $5 billion.

  • Ayala Corp and MUFG each invest $393 million.

  • GCash IPO potentially slated for 2025.

Singapore’s Gig Economy Shakeup, Platform Workers Bill on the Horizon

  • Singapore proposes new bill to protect gig workers.

  • Legislation aims to improve benefits for 70,000 platform workers.

  • Changes may increase costs for companies and consumers.

Bill Gates’ Escape from the Silicon Valley Hustle

  • Gates escaped rigid schedule through Buffett visits.

  • Billionaire friendship offered respite from meticulous planning.

  • Gates now advocates for more relaxed time management approach.

A Bit of Startup Humor for Today

Google’s AI Stumble, From Search Pioneer to AI Straggler

  • Google lags in AI race.

  • Revenue model conflicts with AI progress.

  • Company struggles to balance innovation and profitability.

Why Your Accounting Director Might Not Be Enough: The Surging Demand for Fractional CFOs in Startups

Guest Author: Gagan Singh

  • Startups need more than bookkeeping.

  • Fractional CFOs provide strategic financial guidance.

  • They help navigate funding, growth, and avoid costly mistakes.

AI in Film: Hollywood’s Next Big Plot Twist

  • AI tools promise to revolutionize filmmaking.

  • Experts predict new entertainment genres will emerge.

  • Story and emotional connection remain crucial for audience engagement.

Grab’s Q2 2023: Narrowing Losses, Rising Revenue, and a Dash of Disappointment

  • Grab narrows Q2 loss to $53 million.

  • Revenue rises 17% to $664 million.

  • Company achieves positive adjusted EBITDA, misses analyst estimates slightly.

From VR Pioneer to Defense Tech Mogul: Palmer Luckey’s Journey

  • Oculus founder Palmer Luckey sold his VR company to Meta.

  • He later started defense tech firm Anduril Industries.

  • Luckey’s unconventional ventures include a potentially deadly VR headset.

ONDC, India’s Ecommerce Revolution Eyes Southeast Asia

  • ONDC aims to disrupt India’s ecommerce duopoly.

  • The network faces challenges but shows promise.

  • Experts advise focusing on India before expanding to Southeast Asia.

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

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