Business/Brands & Marketing
TECH ROUNDUP: Mr Eazi Not Owner Of Vydia
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Mr Eazi Zagadat Capital says it was an investor in Vydia, not the owner
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42Markets has received million in growth funding
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Spotify’s CEO said he would “like to raise prices in 2023”
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Hugging Face has released an open-source chatbot, dubbed HuggingChat
Mr Eazi Zagadat Capital says it was an investor in Vydia, not the owner. After news broke that Zagadat Capital owned the music distribution management company Vydia, which was bought by gamma recently, the company is now issuing this clarification. Through its portfolio company emPawa Africa, it entered a partnership with Vydia to launch Cinch Distro. After the $1 billion sale, however, Zagadat Capital exited Vydia.
Financial and capital markets fintech investment group 42Markets has received $10 million in growth funding from Convergence Partners to advance the growth and development of its portfolio of fintech businesses with deep expertise in financial and capital markets
POLITICS
The Reserve Bank of Zimbabwe, the country’s apex bank, is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency.
Also Read: TECH ROUNDUP: Four High-profile African Crypto-focused Startups Shut Down
The number of companies providing internet services in Nigeria has increased from 239 at the end of 2022 to 258, with 19 new companies licensed between January and April, according to NCC.
SOCIAL MEDIA
Spotify says that it has now surpassed 500 million monthly active users globally.
Microsoft’s Edge browser appears to be sending URLs you visit to its Bing API website. Reddit users first spotted the privacy issues with Edge last week, noticing that the latest version of Microsoft Edge sends a request to bingapis.com with the full URL of nearly every page you navigate to. Microsoft says it’s investigating the reports.
Spotify would “like to raise prices in 2023,” CEO Daniel Ek said during the company’s earnings call on Tuesday, as the company reported a first-quarter loss of about $248 million compared with a profit a year ago. But Ek said the pricing decision was dependent on ongoing negotiations with label partners.
WORLD NEWS
Hugging Face, the AI startup backed by tens of millions in venture capital, has released an open-source alternative to OpenAI’s viral AI-powered chatbot, ChatGPT, dubbed HuggingChat.
The Federal Aviation Administration has grounded SpaceX’s Starship and Super Heavy program pending an investigation into the rocket’s first launch on April 20 which resulted in a mid-air explosion. A spokesman for the FAA said in a statement that an “anomaly occurred during the ascent” which resulted in the explosion.
