Tech

Spotify Island on Roblox launches a new virtual destination for hip-hop listeners

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It’s been four months since Spotify’s debuted its virtual Spotify Island on Roblox, which made it the first music streaming service to have an official presence within the gaming platform. Today, Spotify launched a new space-themed digital destination on Roblox called Planet Hip-Hop, which will soon feature up-and-coming female rapper Doechii. Spotify Island’s new Planet … Read more

IT services group Wipro fires 300 employees moonlighting for competitors

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IT services giant Wipro has fired 300 employees in recent months who were found to be moonlighting for competitors, a top executive said Wednesday, weighing in on a practice that has gained momentum across the globe as firms incorporate work-from-home norms. Rishad Premji, the chairman of Wipro, which employs over 250,000 employees in over five … Read more

Knoetic lands $36M to unify diverse sources of HR data

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In the last decade, so-called chief people officers (CPO) have seen a dramatic expansion of their day-to-day responsibilities. The role has evolved from an administrative HR function to a more strategic position, particularly as the pandemic has shined a spotlight on the importance of retention, upskilling and recruiting during a crisis. But despite the increased … Read more

TikTok takes aim at political grifting and fundraising in latest policy tweaks

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TikTok has announced an incoming tightening of its policies around political accounts using its video-sharing platform, such as those belonging to political parties, politicians and governments. The changes look intended to limit, er, political grifting (for want of a better term) — with an incoming ban on use of monetization features (like tipping, gifting and … Read more

Noble emerges from stealth to help companies extend lines of credit to their customers

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Credit lines are a lucrative product. U.S. consumers alone pay $120 billion in credit card interest and fees every year, according to the Consumer Financial Protection Bureau. Given the revenue opportunity, it’s no surprise that there’s enduring interest from both startups and established companies in delivering credit-based products. But challenges stand in the way, including … Read more

Malwarebytes lands a $100M cash injection weeks after laying off 125 employees

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Cybersecurity giant Malwarebytes has announced it has received a $100 million cash injection from Vector Capital, a private equity firm that invests in established technology businesses. Vector Capital might not be a household name, but the company has previously invested in companies like Corel, LANDesk, RealNetworks, WatchGuard and WinZip. The firm says it usually invests … Read more

Designers worry Adobe won’t let Figma flourish

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Figma’s new ownership sparks an outcry within the digital design community. | Illustration by Kristen Radtke / The Verge The world of creative technology was rocked last week by news that industry giant Adobe had acquired Figma, makers of a hugely popular suite of UI and UX design tools, for a whopping $20 billion. The … Read more

UPI supercharged mobile payments in India. It’s now gearing up for next phase of growth.

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In just six years, UPI has become the most popular way Indians transact online. The mobile electronics payments system was used for over 6.57 billion transactions in the world’s second largest internet market last month. Now, it’s taking steps to supercharge its growth. The payments network, which was built by a coalition of banks, is … Read more

Nvidia’s RTX 6000 ADA professional GPU can create worlds and destroy wallets

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The Nvidia RTX 6000 ADA professional GPU isn’t your run-of-the-mill gaming card. | Image: Nvidia Nvidia has announced the RTX 6000 48GB graphics card, the latest model to join its family of workstation-focused GPUs designed for content creators and enterprise-grade graphics. Nvidia describes the RTX 6000 as the perfect tool for creating content for the … Read more

Ghanaian fintech SecondSTAX allows investors to access capital markets outside their countries, raises $1.6M

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African capital markets exist in silos, as various exchanges within the continent are often inaccessible to investors outside their home countries. For instance, a South African investor who wants to diversify their portfolio outside the Johannesburg Stock Exchange may find investing in the Nigerian Stock Exchange difficult. Not only does this limit investors’ access to … Read more