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Meal deliveries in Vietnamese cities typically take less than half an hour, but grocery deliveries are lagging behind, sometimes taking up to two to three hours, says Rino founder Trung Thanh Nguyen. By creating a vertically-integrated logistics infrastructure centered around “dark stores,” or stores set up for order fulfillment only, Nguyen says Rino can cut
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The widespread success of platforms ranging from Second Life to Roblox shows that people are open to virtual worlds where they can socialize, play games, exchange information, and share some laughs. More recently, the rise of virtual HQs, Meta’s investment in interactive social software, and a handful of acquisitions by Microsoft signal that the metaverse
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European cloud computing companies have raised the alarm over what they say is a “critical loophole” in the EU’s flagship plan to tackle anti-competitive behaviors by gatekeeping digital giants. In an open letter sent to competition commissioner and EVP Margrethe Vestager this week, 41 European cloud enterprises called for an urgent clarification to be made
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Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex crawled through the Metaverse, leaning on Facebook’s latest earnings and
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Reading back through a transcript from Facebook’s investor-disappointing fourth-quarter earnings call has solidified my perspective that we need a third-party, benevolent central entity for the metaverse. A sort of central digital clearinghouse that can transport me from place to place, inclusive of the platform-locked areas that will inevitably come to constitute a portion of our
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Most companies today recognize the importance of global warming. As such, they are redefining their goals in an effort to address the climate change issue. Envisioning Partners, a Seoul-based venture capital firm, has secured its latest impact fund, the oversubscribed $64 million (76.8 billion KRW) Envisioning Climate Solutions (ECS) Fund, to back startups combating the
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Meta’s external advisory organization issued new recommendations Tuesday, urging the company to bolster its policies that protect users against doxing. Facebook requested advice on the policy last year, acknowledging that it had difficulty balancing access to public information with privacy concerns. The company now known as Meta’s current policy on sharing private identifying details carves
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