Category: Emerging Technologies

  • Huspy Secures $59M to Expand Proptech in Europe

    Huspy Secures $59M to Expand Proptech in Europe

    UAE Proptech Huspy Raises $59M to Scale in Europe

    Huspy, a UAE-based proptech company, has successfully raised $59 million in funding. This significant investment will fuel its expansion plans into Europe, marking a major step in its growth strategy.

    Huspy’s Expansion Strategy

    With this new funding, Huspy aims to replicate its success in the Middle East by offering innovative solutions to the European real estate market. The company focuses on:

    • Simplifying the home buying process.
    • Providing mortgage solutions.
    • Offering a seamless digital experience.

    The Funding Round

    The funding round saw participation from several key investors, demonstrating strong confidence in Huspy’s business model and future prospects. This financial boost allows Huspy to invest in:

    • Technology development.
    • Team expansion.
    • Market penetration in Europe.

    Impact on the Proptech Industry

    Huspy’s expansion into Europe underscores the growing importance of proptech companies in transforming the real estate sector. By leveraging technology, Huspy seeks to:

    • Enhance transparency in property transactions.
    • Improve efficiency in mortgage processing.
    • Provide better customer service.
  • Jack Dorsey’s Bitchat: Bluetooth Messaging App in the Works

    Jack Dorsey’s Bitchat: Bluetooth Messaging App in the Works

    Jack Dorsey Ventures into Bluetooth Messaging with Bitchat

    Jack Dorsey, the co-founder of Twitter (now X) and Block, is reportedly developing a new Bluetooth messaging application called Bitchat. This initiative aims to provide users with a communication platform that doesn’t rely on internet connectivity.

    What is Bitchat?

    Bitchat is designed to function as an offline messaging app, leveraging Bluetooth technology to enable communication between devices within a certain range. This approach could be particularly useful in situations where internet access is limited or unavailable, such as during emergencies, in remote areas, or at large events with congested networks.

    The Potential Use Cases

    • Emergency Situations: Bitchat could serve as a vital communication tool when traditional networks are down.
    • Remote Locations: In areas with poor internet infrastructure, users can stay connected.
    • Large Events: Avoid network congestion by using Bluetooth for local communication.

    How Bluetooth Messaging Works

    Bluetooth messaging operates by creating a direct connection between devices, allowing them to exchange data without needing an internet connection. The range is typically limited to around 30 feet, but this can vary depending on the Bluetooth version and device capabilities.

    Dorsey’s Vision

    While details are still emerging, Dorsey’s move into Bluetooth messaging aligns with his broader vision of decentralized and accessible communication tools. By creating an app that bypasses traditional internet infrastructure, Bitchat aims to offer a resilient and private means of communication.

    Future Implications

    The development of Bitchat raises interesting questions about the future of communication technology. As reliance on internet connectivity grows, offline solutions like Bluetooth messaging could become increasingly important for ensuring reliable communication in all circumstances.

  • CoreWeave’s $9B Acquisition of Core Scientific

    CoreWeave’s $9B Acquisition of Core Scientific

    CoreWeave Acquires Core Scientific in $9B Deal

    CoreWeave is set to acquire data center provider Core Scientific in a significant $9 billion stock deal. This acquisition marks a major move for CoreWeave, strengthening its position in the competitive data center market.

    Strategic Acquisition Details

    The acquisition will enable CoreWeave to expand its infrastructure and capabilities. Core Scientific’s existing data center network will provide CoreWeave with increased capacity and broader geographic reach. The deal involves a stock transaction valued at $9 billion, reflecting the strategic importance of this acquisition.

    Benefits for CoreWeave

    • Expanded data center capacity
    • Increased geographic reach
    • Enhanced infrastructure capabilities

    Impact on the Data Center Market

    This acquisition is expected to have a ripple effect on the data center market. CoreWeave’s strengthened position could lead to increased competition and innovation within the industry. The deal highlights the growing importance of data centers in supporting modern technological advancements.

  • Waymo Expands Robotaxi Testing to New Cities

    Waymo Expands Robotaxi Testing to New Cities

    Waymo Expands Robotaxi Testing to Philadelphia and NYC

    Waymo has officially begun robotaxi road trips in Philadelphia and New York City as part of its aggressive expansion across the Northeast. In Philadelphia, its vehicles will navigate downtown, North Central, University City, Eastwick, and even approach the Delaware River. Meanwhile, in NYC, Waymo will map routes from north of Central Park down to Battery Park, plus parts of Brooklyn, Jersey City, and Hoboken all under human supervision while awaiting regulatory approval

    These trips blend manual and autonomous driving. First, human-driven vehicles map streets and refine AI. Then Waymo tests autonomous systems with safety drivers behind the wheel . Similar road trips have led to commercial robotaxi services in cities like Los Angeles, Las Vegas, San Diego, and San Antonio.

    Waymo currently operates over 1,500 vehicles, delivering more than 250,000 weekly rides in Phoenix, San Francisco, Los Angeles, and Austin. It’s also gearing up for launches in Miami later this year and Washington, D.C. in 2026

    Philadelphia Testing

    In Philadelphia, Waymo’s testing focuses on gathering data and understanding how their technology performs in a new urban environment. The company emphasizes that these tests are conducted with Waymo employees as passengers. The goal is to map the city’s unique traffic patterns and road conditions. These tests also gather insights that will help improve the safety and efficiency of the Waymo Driver. They are not yet offering public rides in Philadelphia, and instead concentrate on research and development.

    New York City Testing

    Waymo has launched its robotaxi testing in New York City. This mirrors its careful approach in Philadelphia by deploying vehicles with employee passengers. They ride inside to gather real-world data and refine Waymo’s AI systems.

    Importantly, NYC’s high traffic density and complex road patterns make it a crucial test location. Waymo aims to navigate congested streets, busy crosswalks, cyclists, and construction zones. Consequently, the company sees this as a valuable proving ground for its technology .

    Moreover, this initial phase focuses solely on mapping and internal testing. First, human‑driven trips map routes. Then safety driver supervised autonomous runs begin, collecting data while ensuring oversight . Waymo applied in June for a New York City Department of Transportation permit and is pushing for state law changes to allow fully driverless cars autobodynews.com

    Focus on Safety and Data Collection

    Waymo prioritizes safety above all else in its testing programs. Each vehicle is equipped with a suite of sensors and software designed to navigate complex urban environments. The data collected during these tests is crucial for refining Waymo’s algorithms and improving the overall performance of its autonomous driving system. By testing in diverse cities like Philadelphia and New York, Waymo can better prepare its technology for widespread adoption.

  • Threads App Usage Nears X (Twitter) Daily User Count

    Threads App Usage Nears X (Twitter) Daily User Count

    Threads Catching Up to X’s Daily App Users

    Recent data indicates that Threads is quickly closing the gap with X (formerly Twitter) in terms of daily app users. This shift highlights the evolving landscape of social media and the potential for new platforms to challenge established giants.

    Growing Popularity of Threads

    Threads, since its launch, has seen a surge in popularity. Several factors contribute to this growth:

    • Integration with Instagram: Threads benefits from seamless integration with Instagram, allowing users to easily sign up and connect with their existing network.
    • Focus on Close Connections: The app emphasizes sharing updates with a smaller, more intimate circle of friends.
    • User-Friendly Interface: Threads boasts a clean and intuitive design, making it accessible to a broad audience.

    X’s Response and Strategy

    X (Twitter) is undoubtedly aware of the competition from Threads. To maintain its user base, X has implemented several strategies:

    • Introducing New Features: X continues to roll out new features and updates to enhance user engagement.
    • Focusing on Real-Time News and Events: X remains a primary source for breaking news and live events, a niche that Threads has yet to fully penetrate.
    • Content Creator Incentives: X might be exploring options to better support and retain content creators who drive engagement on the platform.

    Data Analysis and Trends

    Analyzing user data helps to understand the evolving trends in social media usage. Key observations include:

    • User Migration: A segment of users is migrating from X to Threads, seeking a different social media experience.
    • Engagement Levels: Monitoring engagement levels on both platforms reveals user preferences and satisfaction.
    • Demographic Shifts: Understanding the demographics of users on each platform provides insights into their respective audiences.
  • TikTok Readies New App Version Ahead of US Sale

    TikTok Readies New App Version Ahead of US Sale

    TikTok Prepares New App Version Before Potential US Sale

    Amidst mounting U.S. regulatory scrutiny, TikTok is reportedly building a new version of its app. Furthermore, the planned sale of its American operations requires a fresh build. Meanwhile, ongoing negotiations and data-security concerns shape this strategic pivot.

    Why a New Version?

    The development of a new version could serve several purposes:

    • Addressing Security Concerns: A fresh codebase allows TikTok to implement enhanced security measures and address any potential vulnerabilities that have been raised.
    • Meeting Regulatory Requirements: The new version might be designed to comply with specific data privacy and security requirements set forth by the US government.
    • Facilitating a Smooth Transition: A new app version could streamline the transfer of ownership and ensure a seamless experience for US users during and after the sale.

    TikTok U.S. Sale: Who’s in the Running?

    TikTok’s U.S. sale process has attracted multiple bidders and it still needs regulatory sign off.

    Several groups have shown interest:

    • A consortium backed by Frank McCourt, including Alexis Ohanian and Kevin O’Leary.
    • Technology and investment giants like Oracle, Blackstone, and Amazon.
    • Investor-focused firms such as Perplexity AI.
    • Possible bids from Walmart, Microsoft, AppLovin, and even MrBeast

    Meanwhile, President Trump says a deal is pretty much” in place and talks with China are scheduled to start this week. Still, the final structure and timing remain uncertain .

    Regulatory Hurdles Ahead

    First, U.S. regulators must sign off under the Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA), which prohibits distribution or updates of “foreign-adversary-controlled applications” unless developers divest within a set time frame
    Then, ByteDance will need Chinese government approval, because China’s export controls require consent before transferring core algorithms and related tech .
    Finally, only after both steps can the U.S. operations legally transfer.

    Impact on Users

    1. Mandatory App Transition
      Starting September 5, 2025, U.S. users must download the new U.S.-only version (internally called M2 to keep using TikTok. The current app will stop working by March 2026
    2. Disrupted Experience
      The switch might interrupt user habits and data continuity. It could reset personalized feeds, disrupt algorithmic recommendations, and change in-app settings and content history
    3. Advertising & E-commerce Effects
      Marketers may lose targeting accuracy and behavioral insights during the shift. TikTok Shop’s subscription features and ads may see fluctuations as user data systems realign
    4. Data Privacy & Trust
      Users concerned about data security may welcome this move. Hosting U.S. data on separate infrastructure could reduce foreign-government access concerns businessinsider.com

    How to Prepare

    • Download the M2 app once available in early September.
    • Back up important content, like drafts or favorites, beforehand.
    • Stay informed about changes in privacy settings or new U.S.-only policies.

    Bottom Line

    Amid efforts to comply with U.S. legal demands, TikTok plans to spin off an American version of its app to retain its massive user base. Nevertheless, users may encounter hiccups—such as feed resets, disrupted data, and shifting ad environments—during the transition. However, in the long run, users could benefit from stronger data protections and a more secure experience.

    • Data Privacy: Users will be keen to understand how their data will be handled under new ownership.
    • App Functionality: The new version may introduce changes to the app’s features and functionality.
    • Terms of Service: Users should carefully review the updated terms of service and privacy policies.
  • Apple Challenges EU’s App Store Fine

    Apple Challenges EU’s App Store Fine

    Apple Appeals EU’s €500M App Store Fine

    Apple is officially contesting the European Union’s €500 million (approximately $539 million USD) fine related to restrictions on payment options within its App Store. The tech giant filed an appeal, escalating the ongoing dispute over its App Store policies. This action signals a continued unwillingness to comply with the EU’s demands for broader payment method access for developers.

    Background of the Fine

    The European Commission initially levied the fine against Apple, asserting that the company abused its dominant position in the market for music streaming apps. Specifically, the EU took issue with Apple’s policy that prevented developers from informing users about alternative subscription options outside of the App Store. The EU argues this is a violation of antitrust rules, hindering consumer choice and competition.

    Apple’s Stance

    Apple maintains that its App Store guidelines are designed to protect users from fraud and ensure a secure and consistent experience. They argue that allowing third-party payment systems would compromise these protections and introduce security risks. The appeal underscores Apple’s firm belief that their current policies are justified and do not unfairly stifle competition. Apple’s official statement reiterates that the EU decision lacks evidence of consumer harm and misunderstands the competitive landscape. The company believes it provides significant value to both developers and users.

    The Core Dispute

    The central point of contention revolves around the 30% commission Apple charges on in-app purchases and subscriptions. Companies like Spotify have long complained about this “Apple tax,” arguing that it puts them at a disadvantage compared to Apple Music, which doesn’t have to pay the same commission. The EU’s investigation sided with these complaints, determining that Apple’s restrictions ultimately harm consumers by limiting their choices and potentially increasing prices.

    Impact and Future Implications

    The outcome of this appeal could have significant ramifications for the App Store ecosystem and potentially other digital marketplaces. If Apple’s appeal is unsuccessful, it could force the company to fundamentally alter its App Store policies, opening the door for alternative payment systems and potentially reducing its control over the app marketplace. Conversely, a victory for Apple would validate its current practices and potentially embolden other platform operators to maintain similar restrictions. This case will set a precedent for how tech companies manage their app stores and the level of control they can exert over developers and consumers.

  • Bluesky’s Louvre What You Need to Know

    Bluesky’s Louvre What You Need to Know

    Bluesky’s Louvre: What Its Toll Means For You

    This clever line riffs on John Donne’s famous poem no man is an island… ask not for whom the bell toll implying that Bluesky users should pay attention because it concerns them directly.

    A Loss of Informal Moderation

    The Louvre acted as a community-driven guide, reminding users to pause before posting. Without it, that informal layer of accountability evaporates .

    Emerging Fragility in a Decentralized Ecosystem

    Bluesky relies on community moderation and decentralized tools such as lists, reply controls, and Ozone. However, power users and content curators can vanish without warning. As a result, this exposes a deeper insecurity within the network.

    A Sharp Reminder to All Users

    The phrase underscores a universal vulnerability. Indeed, if the Louvre—or any account—can vanish under external pressure, then so could you. Therefore, it serves as a strong call for both caution and reflection.

    Broader Context: Moderation and Transparency on Bluesky

    Despite growing pains, Bluesky officially reported:

    • Over 3 million registered users 2023.
    • A moderation team reviewing all reported contentno reliance on full automation
    • Roughly 4,667 account takedowns and 1,817 content removals in 2023

    Why It Resonates on Bluesky

    1. Community self-regulation
      The Louvre reminded users to think twice before posting. Its absence removes a layer of informal accountability reddit.com
    2. Vulnerability in a decentralized platform
      Bluesky thrives on openness and user driven moderation. Losing a cornerstone account reveals how fragile that ecosystem can be
    3. A reminder to all
      The phrase acts as a metaphor: Bluesky’s community safety net isn’t guaranteed. So users should be careful and aware they might be next.

    Bottom Line

    The statement underscores both a communal loss and a broader warning: Bluesky lacks centralized protections. When a vital watchdog like the Louvre disappears, it reminds everyone to be mindful. The toll isn’t just for one account it’s for the whole community.

  • Drive Capital’s Second Act: Rising Strong Split

    Drive Capital’s Second Act: Rising Strong Split

    Drive Capital’s Second Act: Success After a Split

    After its co-founders parted ways, Drive Capital, a Columbus-based venture firm, struck back with renewed strength. Now, they helm a top-performing VC that thrives beyond Silicon Valley. Moreover, the split has not slowed their momentum it’s sharpened their focus and results.

    The Split That Shaped Them

    Three years ago, co-founders Chris Olsen and Mark Kvamme both former Sequoia partners then went their separate ways. Meanwhile, Kvamme launched the Ohio Fund, focusing on local infrastructure and real estate. On the other hand, Olsen stayed behind and subsequently steered Drive Capital back on course, driving a strong rebound

    Fast $500M Return

    In May, Drive Capital surprised investors by returning $500 million in just one week after cashing out of Root Insurance and Thoughtful Automation. As a result, limited partners welcomed this rare injection of liquidity amid today’s tight venture market. Moreover, this move underscored Drive’s strength and strategic agility in a landscape where such quick returns remain uncommon

    Strategic Contrarian Approach

    Rather than chasing rare unicorns, Olsen deliberately targeted $3 billion‑plus exits, which he considers both common and repeatable. Meanwhile, Drive Capital typically secures around 30% ownership per round a stark contrast to Silicon Valley’s usual 10% approach. As a result, the firm builds deeper positions in its portfolio companies, boosting both control and potential returns

    Underserved Region Focus

    Moreover, Drive Capital invests in overlooked markets such as Columbus, Austin, Boulder, Chicago, Atlanta, and Toronto. In addition, they channel capital into tech applied to traditional industries for example, autonomous welding and next‑generation dental insurance that often go unnoticed by coastal VCs. As a result, Drive builds a differentiated portfolio that taps into America’s broader economic base beamstart.com

    Track Record: Hits and Misses

    They backed Duolingo early on now valued at $18B+ and Vast Data valued at $9B . But they also experienced setbacks like Olive AI, once valued at $4B, which later struggled .

    Overcoming Early Challenges

    Starting a venture firm is never easy, and Drive Capital faced its share of hurdles early on. Internal disagreements led to a significant split. This separation forced the remaining team to re-evaluate their strategy and rebuild their firm’s identity. They doubled down on their core beliefs and sought opportunities that others missed.

    A Unique Investment Strategy

    Drive Capital distinguished itself by focusing on investments outside of the traditional tech hubs. They believed that innovation existed everywhere, not just in Silicon Valley or New York. This contrarian approach allowed them to identify and support promising startups in often-overlooked regions of the US, focusing on the Midwest. Their investment thesis centered around backing companies building real-world solutions, as opposed to chasing fleeting trends.

    Key Investments and Portfolio Growth

    Drive Capital’s portfolio includes companies across various sectors, demonstrating their versatile investment strategy. Through strategic investments and active involvement, they’ve helped these companies scale and achieve significant milestones. Some of their notable investments include companies in sectors like:

    • Healthcare technology
    • Logistics and supply chain
    • Enterprise software

    By providing not just capital, but also operational expertise and network access, Drive Capital has been instrumental in the growth of its portfolio companies.

    Building a Strong Team and Culture

    The success of Drive Capital is attributed not only to their investment strategy but also to the strong team they built. They fostered a culture of collaboration, innovation, and relentless focus on results. They prioritize transparent communication and empower their team members to take ownership.

    Looking Ahead

    As Drive Capital looks to the future, they remain committed to their original vision: supporting innovative companies outside of traditional tech hubs. They plan to expand their investment reach and continue building a portfolio of high-growth companies. With a proven track record and a clear strategy, Drive Capital is well-positioned for continued success in the venture capital industry.

  • AI Prompts in Peer Review: Ethical Concerns Explored

    AI Prompts in Peer Review: Ethical Concerns Explored

    Researchers Secretly Use AI Prompts to Influence Peer Review

    A recent study highlights an emerging ethical dilemma: researchers are experimenting with the use of hidden AI prompts to influence the peer review process. This controversial practice raises significant questions about transparency, fairness, and the integrity of scientific evaluations. The surreptitious nature of these prompts makes it difficult to assess their true impact and potential biases.

    What are Hidden AI Prompts?

    Hidden AI prompts involve embedding specific instructions within research papers, designed to subtly guide the responses of AI tools used by reviewers. These prompts could steer the AI towards focusing on certain aspects of the research, potentially skewing the overall evaluation. This manipulation can happen without the explicit knowledge or consent of the human reviewers involved.

    Ethical Implications and Concerns

    Several ethical concerns arise from this practice:

    • Lack of Transparency: The use of hidden prompts undermines the transparency of the peer review process, making it difficult to determine whether the evaluation is genuinely objective.
    • Potential for Bias: AI prompts can introduce bias, consciously or unconsciously, into the review process. This can lead to unfair advantages for certain research or researchers, thereby compromising the scientific method’s goal of impartial assessment.
    • Compromised Integrity: When researchers attempt to manipulate the review process, it erodes the integrity of scientific publications and can ultimately damage public trust in research findings.

    The Role of AI in Peer Review

    AI is increasingly used in academic publishing to assist with various tasks, such as identifying potential reviewers, checking for plagiarism, and summarizing research papers. Tools like Editage’s AI-driven solutions are already impacting the publishing workflow. The effectiveness and ethical implications of these tools become paramount as they become more integrated into scholarly assessment.

    Moving Forward: Ensuring Ethical AI Integration

    To mitigate these risks, it is crucial to establish clear guidelines and standards for the use of AI in peer review. Researchers, publishers, and institutions must collaborate to ensure that AI tools are used ethically and transparently.

    • Development of Ethical Guidelines: Clear ethical guidelines are needed to govern the use of AI in peer review, emphasizing transparency, objectivity, and fairness.
    • Education and Training: Researchers and reviewers should receive training on the potential biases of AI and how to critically evaluate AI-assisted reviews.
    • Transparency Requirements: Authors should be required to disclose the use of any AI prompts in their submissions, allowing reviewers to assess their potential impact.