Interesting news from around the World

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Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays

Friday, December 27th, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify.

Getty Images and Shutterstock to merge to form $3.7B stock photo giant

The move comes at a crucial time, as artificial intelligence is shaking things up for the stock image industry. AI represents both an opportunity and a threat, as Getty Images can choose to license its content to AI companies so that they can train their next-generation models. At the same time, its customers might decide to use generative AI tools to create images and videos that fit their needs.

Apple urged to withdraw ‘out of control’ AI news alerts

Apple is facing fresh calls to withdraw its controversial artificial intelligence (AI) feature that has generated inaccurate news alerts on its latest iPhones.

$19 trillion in transactions settled on the Bitcoin network in 2024

Bitcoin has a current market capitalization of roughly $1.9 trillion and surpassed silver’s $1.6 trillion market cap in 2024.

Crypto fugitive extradited to US over $40bn TerraUSD and Luna crash

A South Korean man accused of being responsible for a cryptocurrency crisis which cost investors $40bn (£31.8bn) has finally been extradited to the United States.

Honda, Nissan and Mitsubishi plan to merge as the Japanese firms seek to fight back against competition from the Chinese car industry

Joining forces would create one of the world’s biggest car producers alongside Toyota, Volkswagen, General Motors and Ford.

44 crates, lost for decades, were unsealed. Inside was a fair dreamed up by art legends

The attractions were part of the world’s first art funfair – Luna Luna – dreamed up by little-known Austrian creative André Heller in the 1970s, featuring a carousel by Keith Haring, a Ferris wheel by Jean-Michel Basquiat and a David Hockney pavilion.

AI boom masks fundraising struggles for non-AI startups

“VCs are excited to back AI companies at red-hot valuations, “but everything else is really challenged,”

A new wave of desalination startups argues that deeper is better

It’s a cruel reality that only about 3% of the world’s water is fresh, and of that, only a fraction is readily available.

How CEOS should think about growth

There are only a handful of things you can do to grow faster. The trick is going all-in on just one.

Google unveils ‘mindboggling’ quantum computing chip

Chip takes minutes to complete tasks that would otherwise take 10,000,000,000,000,000,000,000,000 years.

Amazon announces a new family of multimodal AI models

At its re:Invent conference on Tuesday, Amazon Web Services (AWS), Amazon’s cloud computing division, announced a new family of multimodal generative AI models it calls Nova.

Bitcoin Is flying High – These countries are considering a national reserve

Some countries are mulling a national Bitcoin reserve amid a historic market run-up that has pushed the world’s largest cryptocurrency to new heights in recent weeks.

Meta plans to build a $10B subsea cable spanning the world

Meta, the parent of Facebook, Instagram, and WhatsApp, is the second-biggest driver of internet usage globally. Its properties – and their billions of users – account for 10% of all fixed and 22% of all mobile traffic.

What’s in a name? Zoom is changing its name. But its users will still call it Zoom

While the change won’t alter how the company’s branding looks or sounds, it is significant for a different reason.

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