March 18, 2024
Tech News
TikTok users are creating viral videos with outlandish conspiracy theories, including myths about the US government capturing mythical monsters. These videos, often featuring AI-generated voices and images, are part of a trend that monetizes misinformation through TikTok’s Creativity Program. Despite TikTok’s efforts to curb such content, these videos continue to gain millions of views, raising concerns about the spread of misinformation on the platform.
Arjun Sethi, co-founder of Tribe Capital, has launched Termina, an AI software platform aimed at improving investment decisions through quantitative diligence. Termina, which has already attracted interest from various investment funds, aims to become the “Bloomberg of private markets” by offering advanced data analysis tools. Despite potential concerns about data sharing, Sethi is confident in Termina’s unique value proposition and its potential to dominate the market.
Honda and Nissan, two of Japan’s largest automotive companies, are considering a strategic partnership to develop electric vehicles (EVs). This collaboration aims to standardize core components for EVs to enhance competitiveness against rapidly advancing Chinese brands. The partnership could significantly impact the EV market and represents a strategic move to accelerate the development of affordable and efficient EVs.
Griffin Bank, a U.K.-based banking-as-a-service company, has successfully obtained a banking license, a feat that even the highly valued fintech company Revolut has yet to achieve. With this license, Griffin Bank plans to offer a comprehensive platform for fintech companies to provide banking, payments, and wealth solutions. This development highlights the competitive landscape of the fintech industry and the significance of regulatory approval in expanding services.
Stripe’s annual letter revealed significant growth, with the company processing $1 trillion in total payment volume in 2023. The letter also highlighted a record number of startup formations and the increasing speed at which these startups are generating revenue. Stripe’s insights reflect the dynamic nature of the fintech industry and the company’s influential role in supporting new businesses.
Tech Explained
AI – Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. In the context of TikTok, AI-generated voices and images are being used to create viral videos with conspiracy theories.
Electric Vehicles – Electric vehicles are automobiles that are powered by electric motors and batteries instead of internal combustion engines. Honda and Nissan’s partnership aims to develop EVs to compete with Chinese brands in the market.
Fintech – Fintech refers to financial technology, which encompasses any technological innovation in financial services. Griffin Bank’s banking license achievement highlights the regulatory aspect of the fintech industry and its impact on expanding services.
