While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure. Now, after raising $13 million in a pre-Series C round led by Casablanca-based Al Mada Ventures and DPI’s Nclude Fund, the Cairo-based […]
Is Duolingo the face of an AI jobs crisis?
Duolingo announced plans this week to replace contractors with AI and become an “AI-first” company — a move that journalist Brian Merchant pointed to as a sign that the AI jobs crisis “is here, now.” In fact, Merchant spoke to a former Duolingo contractor who said this isn’t even a new policy. The company cut […]
Is Duolingo the face of an AI jobs crisis?
Duolingo announced plans this week to replace contractors with AI and become an “AI-first” company — a move that journalist Brian Merchant pointed to as a sign that the AI jobs crisis “is here, now.” In fact, Merchant spoke to a former Duolingo contractor who said this isn’t even a new policy. The company cut […]
Trump says he’s willing to delay TikTok ban again
President Donald Trump has already delayed a TikTok ban twice, and he said Sunday that he’s willing to do it again. Axios reports that during an interview with NBC’s “Meet the Press,” Trump said that if a deal isn’t made to sell TikTok’s U.S. operations to American owners before the current June 19 deadline, he […]
Residents of SpaceX’s Starbase launch site vote to incorporate as a city
Elon Musk’s SpaceX is getting its own official company town. Residents of an area around SpaceX’s Starbase launch site in southern Texas voted overwhelmingly on Saturday to incorporate as a city — also named Starbase. According to results posted online by the Cameron County Elections Department, there were 212 votes in favor and only six […]
Revelo’s LatAm talent network sees strong demand from US companies, thanks to AI
While many tech companies are mandating that their employees return to their offices, and putting an emphasis on building in-person teams, they are also turning in droves to Latin America to find developer talent — especially for post-training AI models. Revelo, a full-stack platform of vetted developers in Latin America, is seeing a new surge in […]
Backstage access: Spotify’s dev tools side-hustle is growing legs
Spotify generates the vast bulk of its income from ads and subscriptions, but for the past few years the music-streaming giant has also been quietly building out a developer tooling business. Backstage, a project it open-sourced in 2020, has been adopted by more than 2 million developers across 3,400 organizations, including Airbnb, LinkedIn, Twilio, and […]
Temu stops shipping products from China to the U.S.
Chinese retailer Temu has shifted strategy in the face of U.S. tariffs. Through executive order, President Donald Trump has ended the so-called de minimis rule, which allowed goods worth $800 or less to enter the country without tariffs. He’s also increasing tariffs on Chinese goods by more than 100%, forcing both Chinese companies like Shein […]
Warren Buffett will step down as Berkshire Hathaway CEO
Legendary investor Warren Buffett announced today that he will ask the Berkshire Hathaway board to have Greg Abel replace him as CEO at the end of 2025. “I think the time has arrived where Greg should become the chief executive officer of the company at year end,” Buffett said at the end of the company’s […]
Week in Review: Apple won’t raise prices — yet
Welcome back to Week in Review! We’ve got lots of news for you today: Amazon earnings, Apple earnings, ChatGPT sycophancy, Alibaba’s AI models, and much more. Let’s get to it! Well? During Apple’s earnings call yesterday, Tim Cook revealed that the company paid $900 million in tariffs last quarter. But despite this, the CEO didn’t […]