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Daily Tech News: Shopee, OpenAI, Twitch, Traveloka, Anthropic, beehiiv, Leadgen

May 03, 2024

Here are the top stories on Techzi 

Shopee’s Reel-y Big Push: Fending Off TikTok Shop’s Trending Threat

  • Ecommerce giant Shopee unleashes snackable videos to counter TikTok Shop’s threat.

  • Rivals like Lazada and Tokopedia also embrace short-form video commerce tactics.

  • Strategic move aims to captivate new consumer segments drawn to video shopping.

  • Major US newspapers sue OpenAI, Microsoft over alleged copyright infringement.

  • Publishers claim AI models trained on copyrighted articles without permission or compensation.

  • Legal battle highlights intellectual property challenges as AI revolution accelerates.

Twitch Turns the Page with TikTok-Inspired Discovery Feed

  • Twitch rolls out new TikTok-inspired discovery feed to all users.

  • Feature aims to help viewers uncover fresh content and streamers.

  • Feed showcases bite-sized clips and live snippets tailored by engagement algorithms.

Traveloka Takes Flight, Repays $300M Loan Ahead of Schedule

  • Indonesian travel tech giant Traveloka repays $300M loan ahead of schedule.

  • Early repayment signals confidence in post-pandemic travel rebound.

  • 2022 saw 75% revenue jump to $225.9M, trimmed losses to $98.2M.

AI Training Costs Could Skyrocket to $100 Billion by 2026

  • AI model training costs could skyrocket to $100 billion by 2026.

  • Anthropic CEO predicts few players able to afford top-scale training.

  • Specialization may prevent rapid commoditization of AI models.

Jeremy Tan Untangles the Republic First Bank Failure for the Broader Market

Guest Author: Jeremy Tan

  • Republic First Bank shuttered, assets sold to Fulton Bank.

  • Smaller scale failure compared to SVB, limited startup exposure.

  • Potential sign of more collapses amid rising rates, but no major concerns yet.

beehiiv Buzzes with $33M Funding to Sweeten Its Newsletter Empire

  • Newsletter platform beehiiv secures $33M Series B funding to expand.

  • Led by NEA, investment fuels growth and technical capabilities.

  • Monetization network allows creators to earn $1.2M monthly revenue collectively.

Unleashing the Power of AI: Ex-AWS Exec’s Quest to Revolutionize Enterprise Systems

  • Ex-AWS exec unveils Dorje AI to revolutionize enterprise systems.

  • Leveraging AI, startup aims to create next-gen open business operating systems.

  • Leong’s quest combines AI ambition with corporate expertise for transformative impact.

Blibli’s Quarter Conquests, Sharpening Margins, Slashing Losses

  • Blibli sharpens margins, slashes losses with strategic category focus.

  • Indonesian tech titan rakes in $241.2 million, EBITDA losses plunge 30%.

  • Tiket rebounds on Ramadan travel surge while costs optimized.

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