IIT Madras students’ Hyperloop Team Avishkar ranks in top 3 at European Hyperloop Week 2023

Indian Institute of Technology Madras (IIT Madras) Students' Hyperloop Team Avishkar has been recognized as one of the top three teams globally in certain technical categories at the European Hyperloop Week 2023. They are the only non-European team to be nominated in several award categories. The team's research on energy consumption and ticket pricing, levitation systems, and sense and control systems earned them prominent positions in the competition. Avishkar Hyperloop is a highly passionate student team focused on revolutionizing transportation with sustainable Hyperloop technologies. They have received support from the Government of India and industry partners. https://ift.tt/ctvPq2w

Instacart's IPO filing suggests its Snowflake cloud spending will fall 71% in 2023, sparking an online spat between staffers of Snowflake and rival Databricks (Ari Levy/CNBC)

Ari Levy / CNBC:
Instacart's IPO filing suggests its Snowflake cloud spending will fall 71% in 2023, sparking an online spat between staffers of Snowflake and rival Databricks  —  - Instacart's long-awaited IPO prospectus last week turned controversial in a way the grocery-delivery company wasn't anticipating.

Filing: Walmart spent $3.5B in H1 2023 to buy Flipkart shares from Tiger Global and others, growing its Flipkart stake to ~80%, and resolve PhonePe liabilities (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Filing: Walmart spent $3.5B in H1 2023 to buy Flipkart shares from Tiger Global and others, growing its Flipkart stake to ~80%, and resolve PhonePe liabilities  —  Walmart has spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities …

A Media Matters for America report on PragerU Kids: Meta isn't consistently enforcing transparency rules for ads around "social issues, elections, or politics" (Vittoria Elliott/Wired)

Vittoria Elliott / Wired:
A Media Matters for America report on PragerU Kids: Meta isn't consistently enforcing transparency rules for ads around “social issues, elections, or politics”  —  A nonprofit watchdog group has found that the right-wing group PragerU has pushed out more than 100 political ads …

How India may help WhatsApp monetise chats

Meta, the company that owns WhatsApp, is looking to make the messaging app profitable by monetizing business conversations with customers. They plan to leverage WhatsApp's large consumer base in countries like India and Brazil, where businesses often use the platform to engage with customers. However, WhatsApp's revenue is expected to be less than 1% of Meta's total sales. https://ift.tt/AVmFEH2

Facebook parent Meta ‘rejects’ new regulations of Canada's news law

The Canadian government has revealed new regulations under the Online News Act that require Meta and Google to pay Canadian news publishers. The regulations state that Meta and Google must pay a minimum of 4% of their annual revenue to news outlets for linking to news articles. Both companies argue that the law is unworkable for their businesses. https://ift.tt/SYdxFNn