The Next Web (1 hour ago)
EloElo Group, the Bengaluru company behind the Indian microdrama app Story TV, has raised $80 million in a Series C round. Hornbill Capital and NBCUniversal co-led it, the company said in a statement.
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Public Accounts Committee talks of ‘broken promises’ and ‘chaos’ as ‘thousands’ of retired folk miss out on money
Saudi Aramco’s adjusted net income rose to $31.2 billion in the third quarter, from $28.6 billion a year earlier. The state oil company reported the figures in its results on Tuesday. Its report also highlights a new 49% stake in HUMAIN, Saudi Arabia’s state-backed AI company.
More than half of all seed- through growth-stage venture capital raised in the U.S. so far in 2026 went to seven companies founded or led by men who are already billionaires. Together, these companies raised more than $260 billion in equity funding in the first 10 months of the year.
Cambridge-based biotech company bit.bio has raised $25M in a Series D round, ten months after securing its previous investment.
Canva is restructuring in a way that affects 1,271 people, or 22% of the company. Some staff will lose their jobs, others will change roles and some will be asked to relocate. Co-founder and chief executive Melanie Perkins announced the changes in a note to staff on Wednesday, which Canva published.
Google and its partners have shut down XCPE, a botnet that ran on more than 1.3 million Android TV boxes. Google says the device maker built it in on purpose, its Threat Intelligence Group wrote in a blog post on Monday.
Infostealer malware exposed at least one employee or customer login at 72% of the 4,824 companies analysed across the US and Europe over the past year, according to research published by Swedish cybersecurity company Outpost24.
South Korea will spend 21.3 trillion won (about $16 billion) on AI, chips and AI data centres next year. President Lee Jae Myung set out the plan in his budget speech to the National Assembly on Monday.
Emirates SkyCargo has a new product for companies building out artificial intelligence. AI Tech is designed to move critical and sensitive AI infrastructure safely and on time, the cargo arm of Emirates said in a press release.
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