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Daily Tech News: Substack, DeepMind, YouTube, Peak3, OrbitShift, Oddle

June 21, 2024

Here are the top stories on Techzi

Quick Commerce Takes India by Storm, Challenging E-Commerce Giants

  • Quick commerce startups thrive in India, challenging e-commerce giants.

  • Analysts and investors bet big on 10-minute delivery.

  • India’s unique market dynamics fuel quick commerce growth.

How Substack’s Chat is Helping Creators Build Thriving Communities

  • Substack’s chat boosting creator-fan connections, paid subscriptions.

  • MacNaughton’s DrawTogether newsletter saw subscriber surge through community building.

  • Exclusive features like chats help solidify subscriber loyalty.

DeepMind Unveils AI Technology for Video Soundtrack Generation

  • DeepMind’s V2A generates soundtracks, dialogue for videos using diffusion models.

  • Combined with video generation, it aims to revolutionize AI media.

  • Taking on startups with more advanced capabilities.

YouTube Rolls Out Experimental “Notes” Feature to Combat Misinformation

  • YouTube launches “Notes,” letting viewers add context to videos and combat misinformation.

  • The limited pilot is available in the U.S. on mobile.

  • Third-party evaluators will rate notes’ helpfulness and accuracy to train the system.

Indonesia’s Eduloan Startups Struggle to Make the Grade

  • Indonesia’s eduloan startups struggle with profitability and regulatory challenges.

  • Low borrower numbers and revenue hamper growth.

  • Pivoting and expanding into new sectors may be necessary for survival.

Peak3 (Formerly ZA Tech) Secures $35M Series A, Eyes Global Expansion

  • Peak3, formerly ZA Tech, raises $35M Series A from EQT and Alpha JWC Ventures.

  • The insurtech firm has issued over a billion policies globally.

  • Peak3 plans to invest in data, AI, and expand in EMEA.

How Managing Upworkers Made Me a Much Better Manager

Guest Author: Ken Leaver

  • Clear task definition is crucial for effective management.

  • Writing detailed tasks improves clarity and productivity.

  • This approach works well for both freelancers and employees.

OrbitShift Raises $7M to Revolutionize Enterprise Sales with AI

  • OrbitShift raises $7M in seed funding led by Surge and Stellaris Venture Partners.

  • The AI-driven sales startup aims to streamline enterprise sales processes.

  • OrbitShift plans to enhance its platform with the new funding.

Oddle Faces Revenue Decline and Widening Losses in FY 2022

  • Oddle’s revenue drops 37.5% as food delivery slows post-pandemic.

  • Losses widen to S$5.6 million in FY 2022.

  • Oddle focuses on data, reservations, and revenue generation to navigate the funding winter.

Grab Indonesia and Superbank Join Forces for Seamless Banking Experience

  • Superbank integrated banking services into Grab Indonesia’s app.

  • Customers earn 6% interest on savings and access quick loans.

  • A seamless experience for ride-hailing and banking.

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

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