Today's Tech Check- "Astrotalk's $14M Funding, Amazon's Influencer Push, BYJU'S $24M Valuation, Microsoft Job Cuts, and Zero-Knowledge Proof Blockchain Guide"
3rd June, 2024
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1. “Astrotalk Bags $14M in Funding Boost Led by Elev8 Venture Partners: A Giant Leap in Astrology Tech”
Astrotalk secures $14 million funding led by Elev8 Venture Partners.
Funding includes primary and secondary transactions.
Other investors include Left Lane Capital.
Capital to be used for expansion, global presence, and user experience.
Astrotalk offers astrology, mental wellness, and spiritual services.
Platform has over five million active users.
Elev8 Venture Partners believes in Astrotalk's growth potential.
Astrotalk aims to become India's largest spiritual-tech company.
#Venture Partner #funding #company #wellness
2. “Amazon Embraces Influencer Economy: Launches 'Creator University' & 'Creator Connect”
Amazon India launches "Creator University" for education and "Creator Connect" for community building.
Initiatives support influencers in selling products on Amazon and driving sales.
Creator University provides resources for aspiring and established creators.
Creator Connect hosts in-person events and workshops for creator engagement.
Amazon targets growing creator economy and influencer marketing, as 76% of consumers discover fashion brands on social media.
#education #marketing #Amazon #News
3. “BYJU'S Valued at $24 Million by Baron Capital: Ganesh Balakrishnan Shares Success Mantra for Founders”
Baron Capital values BYJU'S at a significantly reduced $24 million.
Ganesh Balakrishnan advises founders to prioritize decision-making, learn from mistakes, and focus on what works.
Startup Lenskart raises $200 million, boosting its valuation to over $5 billion.
Government-backed ONDC records 8.9 million transactions, a 23% increase from April.
Trailblazing startup Flapper Life empowers women with solo travel opportunities.
GameStop's stock surges 21% after Keith Gill's return with a $116 million investment.
#startup #decision #valuation #Startup #stock
4. “Microsoft Trims Jobs Across Azure, HoloLens Divisions in Cost-Cutting Strategy”
Microsoft lays off around 1,000 employees in Azure, HoloLens, and other units.
Azure for Operators and Mission Engineering teams primarily affected.
Cutbacks aim to control costs amidst increased capital spending on cloud infrastructure for AI applications.
CFO Amy Hood previously reported a 1% decrease in headcount compared to the previous year.
Microsoft confirms HoloLens mixed-reality division restructuring, reiterating commitment to the Department of Defense's IVAS program.
#layoffs #Microsoft #employee #AI #Cutbacks #Azure
5. “Ultimate Guide to Zero-Knowledge Proof Blockchain: Safeguarding Your Personal Data”
Zero-knowledge proofs (ZKPs) are a cryptographic technique that allows one party to prove the validity of a statement to another party without revealing any additional information.
In the blockchain context, a user can use ZKPs to prove that they meet certain conditions, such as having enough funds to participate in a transaction, without revealing the exact amount they hold.
ZKPs are used in blockchains to improve privacy and security, such as anonymous verifiable voting, privacy-enhanced transactions, supply chain integrity, healthcare data privacy, and financial services.
Some notable zero-knowledge proof protocols include zk-SNARKs, Bulletproofs, zk-STARKs, ZEXE, and zk-Rollups.
ZKPs are a game-changer for privacy and security in the digital age and are expected to play a vital role in the future of blockchain technology.
#healthcare #digital #technology #crypto #health
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