Thursday, February 20, 2025

Russian search and ad giant Yandex reports 2024 revenue up 37% YoY to a record ~$12.3B and expects 2025 revenue up 30%+, after splitting from Nebius Group (Reuters)

Reuters:
Russian search and ad giant Yandex reports 2024 revenue up 37% YoY to a record ~$12.3B and expects 2025 revenue up 30%+, after splitting from Nebius Group  —  Russian internet firm Yandex reported annual revenues above 1 trillion roubles ($11.22 billion) for the first time on Thursday …



Australia eSafety Commissioner study: social media platforms likely have ~1.3M under-13 Australian users, suggesting a lack of preparation for the under-16 ban (Angus Whitley/Bloomberg)

Angus Whitley / Bloomberg:
Australia eSafety Commissioner study: social media platforms likely have ~1.3M under-13 Australian users, suggesting a lack of preparation for the under-16 ban  —  - Study indicates over 1 million underage social media users  — Findings show lack of preparation for Australia's under-16 ban



An interview with Accel's Harry Nelis, who led early investments in Zepz and Kayak, on how the European startup industry has changed, the AI boom, and more (Tim Bradshaw/Financial Times)

Tim Bradshaw / Financial Times:
An interview with Accel's Harry Nelis, who led early investments in Zepz and Kayak, on how the European startup industry has changed, the AI boom, and more  —  The venture capital group's long-serving partner reflects on how the continent's start-up industry has evolved and discusses the AI boom



Some startups and researchers who can't access the most advanced chips are adopting a "frugal AI" approach, building smaller models on open-weight systems (Rina Chandran/Rest of World)

Rina Chandran / Rest of World : Some startups and researchers who can't access the most advanced chips are adopting a “frugal AI” app...