- Techzi
- Posts
- Daily Tech News: OpenAI, Grab, Google Photos, Chainstack, Meta, SoftBank
Daily Tech News: OpenAI, Grab, Google Photos, Chainstack, Meta, SoftBank
In partnership with
Here are the top stories on Techzi
OpenAI Bids Farewell to Co-Founder and Chief Scientist Ilya Sutskever
OpenAI co-founder, chief scientist Ilya Sutskever departs for new project.
Research director Jakub Pachocki succeeds him as chief scientist.
Sutskever confident in OpenAI achieving beneficial AGI under new leadership.
Grab Hits Profitability Milestone, Records Highest-Ever Adjusted EBITDA
Grab recorded $62 million adjusted EBITDA in Q1, an all-time high.
Company revised 2024 EBITDA guidance upwards to $250-270 million range.
Revenue rose 24% YoY to $653 million across all segments.
Shopee Doubles Down on In-House Logistics, Reaping Q1 Growth Rewards
Shopee’s in-house logistics arm handled over 50% orders in Asia.
SPX Express offers cost advantage over third-party logistics providers.
Livestreaming investments made Shopee top ecommerce platform in Indonesia.
Google Photos Gets Smarter with AI-Powered “Ask Photos” Feature
Google Photos launches AI-powered “Ask Photos” for natural language photo search.
Feature uses Gemini model to understand photo content and metadata.
It enables complex queries like “best vacation photos.”
Chainstack Fuels Web3 Innovation with $6M Funding Boost
Singapore’s Chainstack secured $6 million to boost Web3 development platform.
Funding to enhance user experience, automation, and set industry standards.
Serves over 100,000 Web3 developers with 62% annual billings growth.
Meta Bids Farewell to Workplace, Its Enterprise Communication Endeavor
Meta shuts down enterprise communications platform Workplace after decade-long run.
Platform to operate normally until August 2025, read-only until May 2026.
Meta pivots to AI, metaverse; recommends Zoom’s Workvivo for migration.
GreenNode Gets Juiced Up with Nvidia’s AI Muscle
GreenNode partners with Nvidia to accelerate AI for enterprises in Asia-Pacific.
Vietnam’s FPT to invest $200 million in Nvidia-powered “AI factory.”
Nvidia co-investing $200 million in AI center with Indonesian telco.
SoftBank Flexes $184B Muscle for AI Supremacy
SoftBank is flexing its financial might, wielding $183.6B portfolio.
Vision Fund CFO revealed plans to tap portfolio for revenue gains.
SoftBank’s Vision Funds rebounded with $4.6B annual profit.
Tin Men Capital’s Jeremy Tan Invests in AI Companies with Proven Unit Economics
Guest Author: Jeremy Tan
Tin Men Capital invests in AI companies based on fundamentals, not hype.
They focus on B2B software with proven unit economics and strong founders.
Investors should prioritize good businesses over AI branding.
Free SOC 2 Compliance Checklist from Vanta
Are you building a business? Achieving SOC 2 compliance can help you win bigger deals, enter new markets, and deepen trust with your customers — but it can also cost you real time and money.
Vanta automates up to 90% of the work for SOC 2 (along with other in-demand frameworks like ISO 27001, HIPAA, and GDPR), getting you audit-ready in weeks instead of months and saving you up to 85% of associated costs.
Reply