Technology
Prosus withdraws its 9.6% stake in Byju’s
Prosus, one among Byju’s biggest investors, said on Monday that its once-worth $2.1 billion stake in the Indian edtech startup is now price nothing, nevertheless it still hopes to save lots of what was once India’s most precious startup.
Prosus, the biggest outside investor in Byju’s with a 9.6% stake, said in its quarterly report that its stake in the startup is now price zero “due to the significant decline in value to equity investors.” Prosus Group CIO Erwin Tu, on an earnings call, said the corporate stays hopeful about Byju’s prospects, but improving management on the Indian company shall be key.
The Indian edtech giant has had a difficult few years, coping with a series of economic and management setbacks which have tarnished its fame and threatened its future. The startup’s problems intensified last 12 months when it missed financial reporting deadlines and ultimately saw revenue well below its own projections.
The financial stumbles were compounded by the sudden departure of the auditor and board members, including a Prosus executive, and derailed a possible $1 billion fundraising effort. In a desperate try and raise capital, the startup raised $200 million this 12 months, but at a drastically reduced valuation from around $225 million to $250 million. This lifeline has also been embroiled in legal disputes with a few of Byju’s biggest sponsors, including Prosus.
Prosus, whose portfolio includes well-known corporations comparable to Tencent, Delivery Hero, Swiggy and Stack Overflow, has invested over $570 million in Byju’s over time. He never sold any shares in the Indian edtech startup, whose valuation peaked in early fiscal 2022.
Prosus also reduced the worth of its other investments: it reduced the worth of its stake in Stack Overflow, which it bought for $1.8 billion in 2021, by 39%, and reduced the worth of its stake in Indian online pharmacy PharmEasy, by 35%.
Byju’s stake adjustment comes after BlackRock, the world’s largest asset manager, also wrote down its stake in the Indian edtech startup. Last 12 months, Prosus complained that Byju’s “regularly disregarded his advice.”
Technology
US medical device giant Artivion says hackers stole files during a cybersecurity incident
Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.
In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.
Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”
Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.
Technology
It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500
Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.
The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.
The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.
More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)
Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.
The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.
Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.
In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.
Technology
Apple Vision Pro may add support for PlayStation VR controllers
According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.
The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.
However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.
Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.
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