Hydrow, a rowing machine company, acquired a majority stake in Speede Fitness, which produces AI-enabled strength training machines. CEO Bruce Smith will step down, and President John Stellato will take over operations. Smith will become chairman of Hydrow's board, but the acquisition price was not disclosed.

Source: https://techcrunch.com/

TikTok will automatically label AI-generated content on its platform, starting with content created using OpenAI's DALL·E 3. The feature uses Content Credentials technology to notify viewers that the content was created with AI, promoting transparency and authenticity.

Source: https://techcrunch.com/

India's National Payments Corporation of India (NPCI) is likely to extend the deadline for imposing market share caps on the popular UPI payments rail by one to two years. The 30% cap on individual UPI ecosystem participants' market share is expected to benefit Google Pay and Walmart-owned PhonePe.

Source: https://techcrunch.com/

Line Man Wongnai, a Thai on-demand food delivery service, is considering an initial public offering (IPO) on a Thai exchange or the US in 2025. CEO Yod Chinsupakul mentioned a dual-listing in Thailand and the US is possible. The company is backed by GIC and Z Holdings.

Source: https://techcrunch.com/

Akamai is acquiring API security firm Noname for $450 million. This deal marks a significant investment in the sector, following a period of low venture capital activity in the crypto sector. The acquisition aims to strengthen Akamai's position in the API security market.

Source: https://techcrunch.com/

Apple released a new ad, 'Crush', which depicts a tower of creative tools and analog items crushed into the form of an iPad. The ad sparked mixed reactions, with some finding it disturbing and others enjoying the creative concept.

Source: https://techcrunch.com/

The US Patent and Trademark Office (USPTO) has alerted thousands of trademark applicants whose private addresses were exposed in public records between August 2023 and April 2024. The agency is requiring affected applicants to update their addresses to maintain confidentiality.

Source: https://techcrunch.com/

Spanish authorities obtained information from encrypted services Wire and Proton to identify a pseudonymous activist involved in the pro-independence movement in Catalonia. The Guardia Civil sent legal requests to Swiss police to obtain identifying information, highlighting the increasing use of surveillance in online investigations.

Source: https://techcrunch.com/

Match Group's Q1 2024 earnings report shows a 9% decrease in Tinder's paying users to 10 million, marking the sixth consecutive quarter of decline. In contrast, Hinge's paying user base increased by 31% to 1.4 million, outperforming Tinder.

Source: https://techcrunch.com/

Source: https://techcrunch.com/