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Comment Section for How India’s most valuable startup ended up being worth nothing | TechCrunch

Screenshot of How India’s most valuable startup ended up being worth nothing | TechCrunch techcrunch.com/2024/06/08/how-indias-most-valuable-startup-ended-up-being-worth-nothing/

In this edition of Week in Review, we look at the fall of Byju's and Rivian's path to survival. Also, Trump takes off on TikTok and much more!

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This TechCrunch article discusses a series of noteworthy events in the tech and startup world. The Indian edtech giant, Byju’s, once valued at $22 billion, is now estimated to be worth nothing according to HSBC, marking one of the most significant startup downfalls in recent history. AI mortgage startup LoanSnap is facing numerous lawsuits and eviction from its main office, leading to employee concerns about the company's future. Fearless Fund, a venture capitalist firm, has been barred from issuing grants to Black women business owners, leading to backlash from diversity advocates. In other news, the anti-AI social media app Cara has gained popularity among creatives, Robinhood is acquiring crypto exchange Bitstamp, and Apple is developing recycling robots to achieve a carbon-neutral supply chain by 2030. Instagram is testing a feature forcing users to watch full ads before browsing, and Revel is shifting from an all-employee model to a gig worker model, similar to Lyft and Uber. Apple is expected to announce a partnership with OpenAI at the WWDC 2024, with plans for a deep integration of generative AI within Siri. A study on AI bias reveals inconsistent responses from open text-analyzing models, reflecting biases within training data. Lastly, the popular stock-trading app has acquired crypto exchange Bitstamp to deepen its cryptocurrency offerings.

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June 9, 2024, 10:52 a.m.

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