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    Warner Bros. cancels Batgirl movie

    In one of the most stunning show business developments in years, Warner Bros. has canceled HBO Max’s Batgirl movie, despite the fact that the film had reportedly been finished already. It won’t come out in theaters, it won’t come out on HBO Max as planned More

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    WhatsApp bans 2.2 mn India accounts in June

    Banned more than 2.2 million Indian accounts in June after users reported abusive content: WhatsApp. WhatsApp said its grievance officer received 632 complaints in June 2022, while it has banned 64 accounts after the review of the complaints. More

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    ED is investigating WazirX for allowing Rs 2,790 crore of remittance to unknown wallets

    ED is investigating two cases related to cryptocurrency against trading exchange WazirX for allowing outward remittance of crypto assets worth ₹2790 crore to unknown wallets. Further, in another case, it is noticed that Indian exchanges namely WazirX has allowed the foreign users’ request to convert one crypto into another on its own platform as well […] More

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    Vedantu lays off another 100 employees (it sacked 624 in May this year)

    Vedantu laid off another 100 full-time employees from its sales teams last month as a part of a restructuring exercise, two people aware of the layoffs confirmed to ET. This is the third round of layoffs at the Bengaluru edtech unicorn, which sacked around 624 full-time and contractual employees in two batches in May. The […] More

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    Bitcoin Fanatic Michael Saylor Steps Down as MicroStrategy CEO

    Saylor will stay on as executive chairman and says the move will allow him to double down on the company’s “Bitcoin acquisition strategy.”. Phong Le, the company’s president, will assume the role of CEO at MicroStrategy, which is currently the public company with the largest Bitcoin treasury. More

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    Y Combinator slashes current cohort size by 40%

    Y Combinator’s Summer 2022 cohort — currently in action — boasts nearly 250 companies, down 40% from the previous cohort, which landed at 414 companies. In May, the accelerator advised its portfolio founders to “plan for the worst.” More

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    Tinder to swipe left its virtual currency, metaverse plans amid Match Group earnings loss

    The current CEO of Match Group Americas and 15-year Match Group veteran will advise the Tinder management team on product roadmap and growth. In a shareholder letter, Match Group CEO Bernard Kim expressed frustration with Tinder’s current performance, noting the popular dating app has not been able to realize its typical monetization success over the […] More

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    Uber plans to sell 7.8% stake in Zomato

    The ride-hailing giant, which acquired a stake in the Indian firm when it sold its local Uber Eats business to Zomato in early 2021, plans to sell its stake through a block deal of over $350 million, for which it is working with Bank of America Securities, the source said, requesting anonymity as the details […] More

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    U.S. Set to Restrict Export of Chipmaking Tools to China

    The US is moving to prevent China’s semiconductor industry from using advanced chipmaking tools, which may also impact American, South Korean, and Taiwanese companies operating in the region. This change comes in response to incredible advances made by Chinese companies in areas like NAND and DRAM manufacturing and advanced logic like CPUs and GPUs. More

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    AI-Driven Power Grid in China Can Resume Power Supply in 3 Seconds If Faces Blackout

    China’s state-owned power grid company launched the nation’s most powerful AI for electricity distribution on Tuesday. A month-long test run at Qitailu, a residential community with more than 200 families in Urumqi shows the system’s effectiveness. Following a community blackout it usually takes six to 10 hours to fix the problem and resume power supply, […] More

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