Flipkart Ventures to invest in 6 early-stage tech startups

Flipkart Ventures, the $100 milion venture fund set up by Flipkart, announced to invest in six early-stage tech startups as part of its accelerator programme. https://ift.tt/wmKs54N

Abu Dhabi-based AI company G42 and the Abu Dhabi Growth Fund announce a $10B fund to invest in late-stage tech companies in emerging markets (Adveith Nair/Bloomberg)

Adveith Nair / Bloomberg:
Abu Dhabi-based AI company G42 and the Abu Dhabi Growth Fund announce a $10B fund to invest in late-stage tech companies in emerging markets  —  Sign up for our Middle East newsletter and follow us @middleeast for news on the region.  —  Abu Dhabi-based artificial intelligence firm G42 …

Swedish gaming group Embracer Group reports Q1 sales rose 107% YoY to ~$681M and announces six acquisitions, including IP for The Lord of the Rings and Hobbit (Anna Gross/Financial Times)

Anna Gross / Financial Times:
Swedish gaming group Embracer Group reports Q1 sales rose 107% YoY to ~$681M and announces six acquisitions, including IP for The Lord of the Rings and Hobbit  —  Swedish company announces six acquisitions and posts a rise in first-quarter sales and profits

After Mark Zuckerberg shared a screenshot from Horizon Worlds for an announcement, people criticize the graphics and Meta's $10B investment in the metaverse (Paul Tassi/Forbes)

Paul Tassi / Forbes:
After Mark Zuckerberg shared a screenshot from Horizon Worlds for an announcement, people criticize the graphics and Meta's $10B investment in the metaverse  —  Mark Zuckerberg has once again been roasted on Twitter, not over barbecue sauce or surfing this time.

Tencent sees first-ever decline in revenue, sacks 5500 employees

Chinese conglomerate Tencent has fired 5,500 employees, after posting a revenue of $19.8 billion in the June quarter, down 3 per cent which is the first decline since going public. https://ift.tt/2G3Rcz5

Galaxy Buds 2 Pro launched: Buyers guide into Samsung's most-expensive earbuds yet that take on Apple AirPods

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