Source: https://techcrunch.com/

Source: https://techcrunch.com/

Synthesia, an AI startup, has developed a technology that generates elaborate videos using generative synthesis. The technology creates custom avatars and environments, but the results may not be perfect when examined closely.

Source: https://techcrunch.com/

TikTok suspended its gamification feature in the European Union following an EU investigation into concerns over addictive design and potential mental health risks for young people. The feature was used on the TikTok Lite app and was suspended just two days after the investigation was opened.

Source: https://techcrunch.com/

Playrue has launched a service allowing users to try out web-based game demos. The cloud gaming service streams games from a data center to users' devices, providing a flexible and easy way to play games across multiple devices without buying new hardware.

Source: https://techcrunch.com/

Paris-based Edonia, a startup, received €2 million ($2.1 million) to develop protein ingredients using microalgae. The global commercial algae market is expected to reach $25.4 billion by 2033, with Edonia joining companies like Bevel, AlgaeCore Technologies, Algenuity, and NewFish in the market.

Source: https://techcrunch.com/

Swiggy, an Indian food delivery and instant commerce startup, has secured approval from its shareholders to raise $1.25 billion in an initial public offering. The company plans to raise $450 million through new shares and $800 million from existing backers.

Source: https://techcrunch.com/

Meta's Twitter/X rival Threads has 150 million monthly active users, up from 130 million in February. The social network has integrated with ActivityPub, a decentralized protocol, and allowed US-based users over 18 to connect their accounts to the Fed.

Source: https://techcrunch.com/

Xaira Therapeutics, an AI-powered drug discovery startup, launched with $1 billion in funding from ARCH Venture Partners, Foresite Labs, and other investors. The company has been operating in stealth mode for six months and aims to revolutionize drug discovery using generative AI.

Source: https://techcrunch.com/

Anduril Industries, a venture capital-backed company, has been selected by the US Air Force to develop and test small unmanned fighter jet prototypes under the Collaborative Combat Aircraft (CCA) program. Anduril will collaborate with General Atomics, beating out major defense companies like Boeing, Lockheed Martin, and Northrop Grumman.

Source: https://techcrunch.com/