BUTTERFLY EFFECT COMPANY
This startup is selling a Rs 94,835 mosquito trap that uses a powerful blue laser and sensors similar to those in self-driving cars to track and kill mosquitoes while detecting people, pets and nearby surfaces to prevent accidental firing
Photon Matrix has introduced a laser device that identifies and eliminates mosquitoes effectively. The products are priced at around $1,000 each, with a delivery estimate of 120 days. Both the indoor and outdoor models utilize advanced A.I. for mosquito detection and targeting. The system is designed to be safe for humans and pets, although independent safety testing is pending. This technology aims to revolutionize traditional mosquito control methods.
Manus raises more than $500 million after Meta exit
Manus, the AI startup formerly under the umbrella of Meta, has achieved a remarkable funding milestone, securing over $500 million in its latest financing round. This pivotal moment occurred after the company unhinged from Meta due to a recent reversal of acquisition. The round saw support from Boyu Capital and IDG Capital among other existing investors.
In 2011, Ashton Kutcher, Guy Oseary and Ron Burkle invested $2.5 million in Airbnb; 5 years later, their stake was worth about $90 million as the startup became a global giant
Actor Ashton Kutcher was an early investor in Airbnb, joining in 2011. He and partners invested $2.5 million, which grew significantly. This investment was part of Kutcher's broader technology venture portfolio. He cofounded A-Grade Investments and Sound Ventures, backing many tech companies.
Snakes in your garden can seem like a big problem, but wildlife experts say it’s best to let them stay
Garden snakes play a vital role in keeping pest populations in check, acting as natural predators that contribute to a vibrant ecosystem. Homeowners are encouraged to appreciate these reptiles from afar, refraining from unnecessary interaction. Only when a snake invades living spaces or is venomous should removal be considered. Embracing non-venomous snakes can significantly enhance the health and balance of your garden.
With wary eye on Russia, Finland runs Europe's largest civil defence exercise since WWII
Finland has initiated an extensive civil defence drill, simulating scenarios of cyberattacks and missile threats to bolster preparedness. By learning from Ukraine’s swift shelter mobilisation, Finland has drawn lessons from historical conflicts with the Soviet Union.
ETtech Explainer: How the Meta-Manus deal came apart, and Tencent moved in
Chinese regulators ordered Meta to reverse its $2 billion acquisition of the company. Tencent is working with Manus' early investors, including ZhenFund and HSG, to buy the company back from Meta for at least $2 billion.
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Meta to backtrack acquisition of AI firm Manus after China block: report
Meta is reportedly reversing its acquisition of AI startup Manus. China has banned the deal, citing national security. The AI agent was founded in China but is now based in Singapore. Meta stated the transaction complied with law. Analysts had warned of regulatory issues amid US-China tech rivalry.
Apple at 50: The misses that shaped the wins
As Apple approaches its golden jubilee, its remarkable ascent to a $4 trillion valuation stems from a series of innovative products that redefined tech. Yet, the journey wasn’t without its missteps. The high-priced Lisa computer, the underwhelming Pippin gaming console, and the mixed reception of the U2 iPod highlight the brand’s growth pains.
Gas crisis impact: Stove Kraft, TTK Prestige, other stocks rally up to 15%; here's why
Home appliance stocks surged up to 15% as India’s LPG supply crisis, triggered by disruptions in the Strait of Hormuz amid the Iran-Israel conflict, boosted demand for induction cooktops and electric cooking appliances, driving investor optimism for companies selling alternative cooking solutions.
China deepens review of Meta’s landmark $2 billion Manus buyout
Chinese officials had begun looking into whether the December takeover of the agentic AI startup violated tech export or national security regulations. The central issue is whether Chinese technology or user data could have been compromised or shared with an American company. Regulators are now also investigating potential violations of rules governing cross-border currency flows, tax accounting and overseas investments, people familiar with the matter said.
China probes Meta’s $2 billion AI deal amid reports that its highest-paid employee Alexandr Wang finds Zuckerberg’s micromanagement ‘suffocating’
Zuckerberg vs. Wang amid China probes Meta: China is investigating Meta's acquisition of AI startup Manus. This probe examines potential violations of laws concerning overseas technology transfers. The investigation adds to challenges for Meta CEO Mark Zuckerberg. He is investing heavily in artificial intelligence. Internal leadership issues are also surfacing. Alexandr Wang, a key AI hire, reportedly finds Zuckerberg's control stifling.
Meta to acquire Chinese startup Manus to boost advanced AI features
Meta is acquiring Chinese artificial intelligence startup Manus. This move aims to speed up the integration of advanced AI across Meta's platforms. Manus develops a general-purpose AI agent capable of independent task execution. Meta plans to operate and sell the Manus service. It will also be integrated into Meta's consumer and business products.
Best Independence Day decor/accessories to showcase your patriotic spirit
Celebrate the freedom ethos with some of the best Independence Day decorations and accessories. From tricolour balloons to some patriotic banners, paper fans or backdrop decoration ideas that will wake up your 15th August celebrations will come to life. We have an inclusive collection for almost anything you want to decorate, so whether that be your home, your child’s school, workplace, or public gathering settings, decorating for Independence Day will help create a happy, fun and jubilant atmosphere that will exude patriotism.
AI upstart Manus starts text-to-video service to take on OpenAI
Manus, an AI upstart known for its human-like AI agent, has launched a text-to-video generation feature, challenging established players like OpenAI and Chinese tech giants. This new capability allows users to create structured video stories from text prompts in minutes. With early access for paid subscribers, Manus enters a competitive market poised to disrupt entertainment, education, and marketing industries.
Manus AI launches monthly subscription plans, mobile app for iOS users
The Beijing-based autonomous AI agent has rolled out a $39 per month plan called Manus Starter and a $199 premium option named Manus Pro, the latter matching OpenAI's ChatGPT Pro. The membership service is still in the beta testing stage and is, therefore considered quite competitive.
What to know about Manus, China's latest AI assistant
A powerful new AI tool Manus is making waves in China, fuelling hopes that it could replicate the success of DeepSeek, which earlier this year rattled the global tech industry with its state-of-the-art chatbot. - Whether Manus can achieve mainstream success like DeepSeek will depend on its ability to scale to meet demand, RSIS's Harjani told AFP. But Manus is unlikely to be the next DeepSeek as they are different types of AI applications, he added.
Debut of Manus AI digital assistant from China causes stir
A new Chinese artificial intelligence agent billed as able to work independently from humans has sent insiders buzzing -- some with concern and others with disappointment. "We see it as the next paradigm of human-machine collaboration, and potentially a glimpse into AGI," he said, referencing general artificial intelligence that aims to think the way humans do.
Oppo issues teaser of Reno 13 series. Here's all you need to know about the upcoming smartphone
Oppo has teased the upcoming Reno 13 smartphone series, offering a preview before its launch in India next month. The series includes the Reno 13 Pro in Graphite Grey and Mist Lavender, and the Reno 13 in Ivory White and Luminous Blue. Both phones feature sleek designs and multiple camera setups, with the Pro model boasting ultra-thin bezels.
Oil tanker held by Iran for over a year heads toward international waters, tracking data shows
The Advantage Sweet, an oil tanker seized by Iran in April 2023 amid tensions with the U.S., is now heading toward international waters, according to tracking data. The vessel, carrying $50 million worth of oil for Chevron, was held by Iran without acknowledgment of its release. This move coincides with an Iranian court ordering the U.S. to pay $6.7 billion over sanctions-related medical supply issues. The tanker's seizure was linked to ongoing legal and geopolitical conflicts between Iran and the U.S., involving economic sanctions and military tensions.
Profit Powerhouses: Smallcap stocks with highest EPS growth in FY23. Which ones to buy?
Smallcap companies are stealing the show and driving growth for portfolios of retail investors, with mid and smallcap indices already at record highs. A study by ETMarkets showed the FY23 EPS of 116 smallcaps surged by over 100%, with at least 11 of these companies reporting growth of more than 1,000%. Telecom firm Vindhya Telelinks topped the list, with its EPS increasing 9,488% to Rs 156.37, while multibagger stock Ramky Infrastructure saw a 4,729% spike to Rs 164.83. Analysts recommend investing in small companies with high growth rates and low starting valuations to maximise returns.
Indian companies should start paying more attention to ESG, says Pontoka Managing Partner
'Catching up on ESG' once too late will not put you in the driver’s seat, says Mathias Pontoppidan.
Stocks in the news: Bajaj Auto, HDFC, Shriram Transport, DRL and Escorts
Bajaj Auto, the two-wheeler maker said that the Board of Directors on June 14 will consider a proposal for buyback of fully paid-up equity shares. It might be the first buyback announcement by the company since 2000.
Tata Steel installs new energy-saving generator at UK plant
A new 30-megawatt generator installed at Tata Steel's Port Talbot site in South Wales will reduce its energy bill by millions of pounds every year at a time when energy prices are rocketing, the Indian steel major announced on Monday.
Final chord: Royal piano restorer sells lifetime's collection, instruments could go up for £60,000 each
Some of his work has included on pianos belonging to Queen Elizabeth II herself.
Market Movers: Diagnostic firms tank; MACD shows RIL, IRCTC set to rally
Shares of Pfizer hit an all-time high of Rs 5,875 after the company said that its vaccine data suggests the shots maybe 90 per cent effective at preventing Covid-19. Later, the scrip closed 2.66 per cent higher at Rs 5,048.
Airtel expands content deal with CuriosityStream to cover DTH service
Launched by John Hendricks, the founder of Discovery Channel, CuriosityStream lets viewers explore their passions and discover new ones thousands of films and series covering space, art, volcanoes, history, travel, cars, architecture, dinosaurs and more. The CuriosityStream TV channel on Airtel Digital TV will showcase exclusive originals, series and features.
As Sensex hits a peak, risk-reward gets attractive somewhere else. Read this…
ICICIdirect has advised to buy quality midcaps as the broader market looks lucrative.
Demand for accurate weather predictions heralds burgeoning business opportunity for private forecasting firms
From being the preserve of IMD, answer to ‘What’s the weather going to be like?’ is being offered by private entrants to climate forecasting in India.
As investors get shock of stocks, gold proves saving grace
Market pundits seem to be playing it safe and are predicting Sensex levels ranging from as low as 8,000 to as high as 28,500 points in 2012.
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